CARION: 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.
CARION
Largest movements
- Cash -€13,395
down €13,395 (-56.5%), from €23,713 to €10,318
mainly Contributions, distributions and other (-€27,822) and Debts after one year (-€21,756)
- Other debts +€31,439
up €31,439 (+19.1%), from €164,888 to €196,327
- Reserves -€23,260
down €23,260 (-68.2%), from €34,127 to €10,867
- Debts after one year -€21,756
down €21,756 (-11.0%), from €197,935 to €176,179
- Gross operating margin -€5,231
down €5,231 (-14.6%), from €35,861 to €30,630
- Financial charges -€2,518
down €2,518 (-24.8%), from €10,135 to €7,617
- Taxes -€1,175
down €1,175 (-50.9%), from €2,308 to €1,133
- Depreciation +€736
up €736 (+5.4%), from €13,685 to €14,420
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 | €475,874 | €460,139 | -€15,736 | -3.3% |
| Fixed assets | 21/28 | €449,607 | €447,653 | -€1,954 | -0.4% |
| Tangible fixed assets | 22/27 | €449,607 | €447,653 | -€1,954 | -0.4% |
| Land and buildings | 22 | €449,607 | €447,653 | -€1,954 | -0.4% |
| Current assets | 29/58 | €26,267 | €12,486 | -€13,781 | -52.5% |
| Amounts receivable within one year | 40/41 | €992 | €1,851 | +€859 | +86.6% |
| Trade receivables | 40 | €0 | €484 | +€484 | |
| Other amounts receivable | 41 | €992 | €1,367 | +€375 | +37.7% |
| Cash at bank and in hand | 54/58 | €23,713 | €10,318 | -€13,395 | -56.5% |
| Deferred charges and accrued income | 490/1 | €1,562 | €317 | -€1,245 | -79.7% |
| Total equity and liabilities | 10/49 | €475,874 | €460,139 | -€15,736 | -3.3% |
| Equity | 10/15 | €84,127 | €60,867 | -€23,260 | -27.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €34,127 | €10,867 | -€23,260 | -68.2% |
| Distributable reserves | 133 | €34,127 | €10,867 | -€23,260 | -68.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €391,747 | €399,271 | +€7,524 | +1.9% |
| Amounts payable after more than one year | 17 | €197,935 | €176,179 | -€21,756 | -11.0% |
| Financial debts | 170/4 | €197,935 | €176,179 | -€21,756 | -11.0% |
| Amounts payable within one year | 42/48 | €192,839 | €221,355 | +€28,516 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €21,608 | €21,756 | +€148 | +0.7% |
| Trade debts | 44 | €4,486 | €218 | -€4,267 | -95.1% |
| Suppliers | 440/4 | €4,486 | €218 | -€4,267 | -95.1% |
| Taxes, remuneration and social security | 45 | €1,858 | €3,053 | +€1,196 | +64.4% |
| Taxes | 450/3 | €1,858 | €3,053 | +€1,196 | +64.4% |
| Other amounts payable | 47/48 | €164,888 | €196,327 | +€31,439 | +19.1% |
| Accrued charges and deferred income | 492/3 | €973 | €1,737 | +€765 | +78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,685 | €14,420 | +€736 | +5.4% |
| Other operating charges | 640/8 | €2,810 | €2,898 | +€88 | +3.1% |
| Gross operating margin | 9900 | €35,861 | €30,630 | -€5,231 | -14.6% |
| Operating profit (loss) | 9901 | €19,366 | €13,312 | -€6,054 | -31.3% |
| Financial charges | 65/66B | €10,135 | €7,617 | -€2,518 | -24.8% |
| Recurring financial charges | 65 | €10,135 | €7,617 | -€2,518 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €9,231 | €5,695 | -€3,536 | -38.3% |
| Income taxes | 67/77 | €2,308 | €1,133 | -€1,175 | -50.9% |
| Profit (loss) for the period | 9904 | €6,923 | €4,562 | -€2,361 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,923 | €4,562 | -€2,361 | -34.1% |
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 30 September 2026 via checked.be.