CARHER: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CARHER
Largest movements
- Cash +€27,775
up €27,775 (+29.9%), from €92,965 to €120,741
mainly Depreciation (+€18,563) and Trade debts (+€5,700)
- Tangible fixed assets -€18,563
down €18,563 (-30.1%), from €61,737 to €43,174
of which Furniture and vehicles: -€10,215
- Receivables within one year +€7,563
up €7,563 (+83.4%), from €9,065 to €16,629
of which Trade receivables: +€10,832
- Stocks and contracts -€3,548
down €3,548 (-9.4%), from €37,929 to €34,380
- Trade debts +€5,700
up €5,700 (+15.1%), from €37,811 to €43,510
- Tax, wage and social debts +€3,848
up €3,848 (+195.3%), from €1,970 to €5,818
- Gross operating margin +€4,587
up €4,587 (+19.8%), from €23,116 to €27,703
- Taxes +€1,612
up €1,612 (+194.4%), from €829 to €2,440
- Depreciation +€843
up €843 (+4.8%), from €17,720 to €18,563
- Other operating charges -€629
down €629 (-35.5%), from €1,770 to €1,141
- Financial charges -€342
down €342 (-16.5%), from €2,081 to €1,738
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,692 | €217,060 | +€13,368 | +6.6% |
| Fixed assets | 21/28 | €61,737 | €43,174 | -€18,563 | -30.1% |
| Tangible fixed assets | 22/27 | €61,737 | €43,174 | -€18,563 | -30.1% |
| Plant, machinery and equipment | 23 | €48,259 | €39,911 | -€8,349 | -17.3% |
| Furniture and vehicles | 24 | €13,477 | €3,263 | -€10,215 | -75.8% |
| Current assets | 29/58 | €141,956 | €173,887 | +€31,931 | +22.5% |
| Stocks and contracts in progress | 3 | €37,929 | €34,380 | -€3,548 | -9.4% |
| Stocks | 30/36 | €37,929 | €34,380 | -€3,548 | -9.4% |
| Amounts receivable within one year | 40/41 | €9,065 | €16,629 | +€7,563 | +83.4% |
| Trade receivables | 40 | €626 | €11,458 | +€10,832 | +1730.3% |
| Other amounts receivable | 41 | €8,439 | €5,171 | -€3,268 | -38.7% |
| Cash at bank and in hand | 54/58 | €92,965 | €120,741 | +€27,775 | +29.9% |
| Deferred charges and accrued income | 490/1 | €1,996 | €2,137 | +€140 | +7.0% |
| Total equity and liabilities | 10/49 | €203,692 | €217,060 | +€13,368 | +6.6% |
| Equity | 10/15 | €163,911 | €166,066 | +€2,154 | +1.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €143,911 | €146,066 | +€2,154 | +1.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €141,911 | €144,066 | +€2,154 | +1.5% |
| Amounts payable | 17/49 | €39,781 | €50,995 | +€11,214 | +28.2% |
| Amounts payable within one year | 42/48 | €39,781 | €50,995 | +€11,214 | +28.2% |
| Trade debts | 44 | €37,811 | €43,510 | +€5,700 | +15.1% |
| Suppliers | 440/4 | €37,811 | €43,510 | +€5,700 | +15.1% |
| Taxes, remuneration and social security | 45 | €1,970 | €5,818 | +€3,848 | +195.3% |
| Taxes | 450/3 | €1,970 | €5,818 | +€3,848 | +195.3% |
| Other amounts payable | 47/48 | - | €1,666 | +€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,720 | €18,563 | +€843 | +4.8% |
| Other operating charges | 640/8 | €1,770 | €1,141 | -€629 | -35.5% |
| Gross operating margin | 9900 | €23,116 | €27,703 | +€4,587 | +19.8% |
| Operating profit (loss) | 9901 | €3,626 | €7,999 | +€4,373 | +120.6% |
| Financial charges | 65/66B | €2,081 | €1,738 | -€342 | -16.5% |
| Recurring financial charges | 65 | €2,081 | €1,738 | -€342 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €1,545 | €6,261 | +€4,716 | +305.2% |
| Income taxes | 67/77 | €829 | €2,440 | +€1,612 | +194.4% |
| Profit (loss) for the period | 9904 | €716 | €3,820 | +€3,104 | +433.3% |
| Profit (loss) for the period to be appropriated | 9905 | €716 | €3,820 | +€3,104 | +433.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.