CARION THIERRY: 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.
CARION THIERRY
Largest movements
- Cash +€32,621
up €32,621 (+39.9%), from €81,820 to €114,442
mainly Net result for the year (+€52,531) and Trade debts (+€25,587)
- Receivables within one year +€22,178
up €22,178 (+305%), from €7,267 to €29,445
of which Other amounts receivable: +€23,655
- Tangible fixed assets +€19,472
up €19,472 (+244%), from €7,987 to €27,459
of which Plant, machinery and equipment: +€14,144
- Deferred charges and accrued income +€2,915
up €2,915 (+51.3%), from €5,685 to €8,599
- Reserves +€32,750
up €32,750 (+27.5%), from €118,950 to €151,700
- Trade debts +€25,587
up €25,587 (+1,440%), from €1,777 to €27,364
- Other debts +€19,250
new in 2025: €19,250
No income-statement line moved by more than 1% of the activity.
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 | €172,334 | €249,520 | +€77,186 | +44.8% |
| Fixed assets | 21/28 | €12,562 | €32,034 | +€19,472 | +155% |
| Tangible fixed assets | 22/27 | €7,987 | €27,459 | +€19,472 | +244% |
| Plant, machinery and equipment | 23 | €7,987 | €22,131 | +€14,144 | +177% |
| Furniture and vehicles | 24 | - | €5,328 | +€5,328 | |
| Financial fixed assets | 28 | €4,575 | €4,575 | = | 0.0% |
| Current assets | 29/58 | €159,772 | €217,486 | +€57,714 | +36.1% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,267 | €29,445 | +€22,178 | +305% |
| Trade receivables | 40 | €2,022 | €545 | -€1,477 | -73.0% |
| Other amounts receivable | 41 | €5,245 | €28,900 | +€23,655 | +451% |
| Cash at bank and in hand | 54/58 | €81,820 | €114,442 | +€32,621 | +39.9% |
| Deferred charges and accrued income | 490/1 | €5,685 | €8,599 | +€2,915 | +51.3% |
| Total equity and liabilities | 10/49 | €172,334 | €249,520 | +€77,186 | +44.8% |
| Equity | 10/15 | €141,529 | €174,810 | +€33,281 | +23.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €118,950 | €151,700 | +€32,750 | +27.5% |
| Distributable reserves | 133 | €118,950 | €151,700 | +€32,750 | +27.5% |
| Profit (loss) carried forward | 14 | €2,119 | €2,650 | +€531 | +25.1% |
| Amounts payable | 17/49 | €30,805 | €74,710 | +€43,905 | +143% |
| Amounts payable within one year | 42/48 | €30,794 | €74,710 | +€43,917 | +143% |
| Trade debts | 44 | €1,777 | €27,364 | +€25,587 | +1,440% |
| Suppliers | 440/4 | €1,777 | €27,364 | +€25,587 | +1,440% |
| Taxes, remuneration and social security | 45 | €29,016 | €28,096 | -€920 | -3.2% |
| Taxes | 450/3 | €24,163 | €24,115 | -€48 | -0.2% |
| Remuneration and social security | 454/9 | €4,853 | €3,981 | -€873 | -18.0% |
| Other amounts payable | 47/48 | - | €19,250 | +€19,250 | |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Remuneration, social security and pensions | 62 | €27,029 | €26,146 | -€883 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,012 | €8,974 | +€962 | +12.0% |
| Other operating charges | 640/8 | €321 | €295 | -€25 | -7.8% |
| Gross operating margin | 9900 | €107,896 | €108,888 | +€991 | +0.9% |
| Operating profit (loss) | 9901 | €72,535 | €73,472 | +€937 | +1.3% |
| Financial income | 75/76B | €2,565 | €2,577 | +€12 | +0.5% |
| Recurring financial income | 75 | €2,565 | €2,577 | +€12 | +0.5% |
| Financial charges | 65/66B | €2,481 | €2,163 | -€319 | -12.8% |
| Recurring financial charges | 65 | €2,481 | €2,163 | -€319 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €72,619 | €73,886 | +€1,268 | +1.7% |
| Income taxes | 67/77 | €20,450 | €21,355 | +€905 | +4.4% |
| Profit (loss) for the period | 9904 | €52,169 | €52,531 | +€362 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,169 | €52,531 | +€362 | +0.7% |
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 31 October 2026 via checked.be.