Carinco: what changed
Two financial 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.
Carinco
Largest movements
- Tangible fixed assets -€142,992
down €142,992 (-4.2%), from €3.4m to €3.2m
of which Land and buildings: -€137,390
- Other debts -€219,658
down €219,658 (-22.2%), from €987,977 to €768,319
- Reserves +€181,866
up €181,866 (+225%), from €80,712 to €262,578
of which Distributable reserves: +€171,912
- Debts after one year -€127,998
down €127,998 (-8.7%), from €1.5m to €1.3m
- Gross operating margin +€76,899
up €76,899 (+23.9%), from €322,335 to €399,234
- Financial charges -€19,706
down €19,706 (-28.1%), from €70,213 to €50,507
- Taxes +€10,784
up €10,784 (+164%), from €6,564 to €17,348
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.
Derived cash bridge
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 | €3,435,833 | €3,292,835 | -€142,998 | -4.2% |
| Fixed assets | 21/28 | €3,382,047 | €3,239,055 | -€142,992 | -4.2% |
| Tangible fixed assets | 22/27 | €3,382,047 | €3,239,055 | -€142,992 | -4.2% |
| Land and buildings | 22 | €3,290,425 | €3,153,035 | -€137,390 | -4.2% |
| Plant, machinery and equipment | 23 | €91,622 | €86,020 | -€5,602 | -6.1% |
| Current assets | 29/58 | €53,786 | €53,780 | -€6 | 0.0% |
| Amounts receivable within one year | 40/41 | €29,890 | €11,243 | -€18,647 | -62.4% |
| Trade receivables | 40 | €19,801 | €11,243 | -€8,558 | -43.2% |
| Other amounts receivable | 41 | €10,089 | - | -€10,089 | |
| Cash at bank and in hand | 54/58 | €23,896 | €22,537 | -€1,359 | -5.7% |
| Deferred charges and accrued income | 490/1 | - | €20,000 | +€20,000 | |
| Total equity and liabilities | 10/49 | €3,435,833 | €3,292,835 | -€142,998 | -4.2% |
| Equity | 10/15 | €788,088 | €969,954 | +€181,866 | +23.1% |
| Contributions | 10/11 | €366,526 | €366,526 | = | 0.0% |
| Capital | 10 | €366,526 | €366,526 | = | 0.0% |
| Issued capital | 100 | €366,526 | €366,526 | = | 0.0% |
| Revaluation surpluses | 12 | €340,850 | €340,850 | = | 0.0% |
| Reserves | 13 | €80,712 | €262,578 | +€181,866 | +225% |
| Non-distributable reserves | 130/1 | €6,196 | €16,150 | +€9,954 | +161% |
| Legal reserve | 130 | €6,196 | €16,150 | +€9,954 | +161% |
| Tax-exempt reserves | 132 | €8,868 | €8,868 | = | 0.0% |
| Distributable reserves | 133 | €65,648 | €237,560 | +€171,912 | +262% |
| Amounts payable | 17/49 | €2,647,745 | €2,322,881 | -€324,864 | -12.3% |
| Amounts payable after more than one year | 17 | €1,475,796 | €1,347,798 | -€127,998 | -8.7% |
| Financial debts | 170/4 | €1,475,796 | €1,347,798 | -€127,998 | -8.7% |
| Amounts payable within one year | 42/48 | €1,140,849 | €936,617 | -€204,232 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €126,197 | €127,998 | +€1,801 | +1.4% |
| Trade debts | 44 | €2,213 | €3,024 | +€811 | +36.6% |
| Suppliers | 440/4 | €2,213 | €3,024 | +€811 | +36.6% |
| Taxes, remuneration and social security | 45 | €24,462 | €37,276 | +€12,814 | +52.4% |
| Taxes | 450/3 | €24,462 | €37,276 | +€12,814 | +52.4% |
| Other amounts payable | 47/48 | €987,977 | €768,319 | -€219,658 | -22.2% |
| Accrued charges and deferred income | 492/3 | €31,100 | €38,466 | +€7,366 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,994 | €142,992 | -€2 | 0.0% |
| Other operating charges | 640/8 | €10,856 | €7,043 | -€3,813 | -35.1% |
| Gross operating margin | 9900 | €322,335 | €399,234 | +€76,899 | +23.9% |
| Operating profit (loss) | 9901 | €168,485 | €249,199 | +€80,714 | +47.9% |
| Financial income | 75/76B | €739 | €522 | -€217 | -29.4% |
| Recurring financial income | 75 | €739 | €522 | -€217 | -29.4% |
| Financial charges | 65/66B | €70,213 | €50,507 | -€19,706 | -28.1% |
| Recurring financial charges | 65 | €70,213 | €50,507 | -€19,706 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €99,011 | €199,214 | +€100,203 | +101% |
| Income taxes | 67/77 | €6,564 | €17,348 | +€10,784 | +164% |
| Profit (loss) for the period | 9904 | €92,447 | €181,866 | +€89,419 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,447 | €181,866 | +€89,419 | +96.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.