CARISMA: 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.
CARISMA
Largest movements
- Receivables within one year +€85,309
up €85,309 (+66.2%), from €128,850 to €214,159
of which Trade receivables: +€69,441
- Stocks and contracts +€9,075
up €9,075 (+981%), from €925 to €10,000
- Cash -€4,622
down €4,622 (-42.9%), from €10,767 to €6,145
mainly Receivables within one year (-€85,309) and Stocks and contracts (-€9,075)
- Reserves +€90,293
up €90,293 (+4,854%), from €1,860 to €92,153
- Profit (loss) carried forward -€69,563
no longer reported in 2025 (was €69,563)
- Advances received +€56,453
new in 2025: €56,453
- Trade debts +€13,225
up €13,225 (+29.1%), from €45,462 to €58,688
- Tax, wage and social debts +€4,368
up €4,368 (+89.5%), from €4,879 to €9,247
of which Remuneration and social security: +€8,193
- Gross operating margin -€26,982
down €26,982 (-26.5%), from €101,790 to €74,808
- Other operating charges -€8,527
down €8,527 (-52.9%), from €16,130 to €7,603
- Financial income +€7,102
new in 2025: €7,102
of which Non-recurring financial income: +€6,500
- Taxes -€4,187
down €4,187 (-42.4%), from €9,879 to €5,693
- Staff costs +€2,355
up €2,355 (+5.7%), from €41,557 to €43,912
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 | €146,608 | €237,472 | +€90,865 | +62.0% |
| Fixed assets | 21/28 | €6,066 | €5,822 | -€244 | -4.0% |
| Tangible fixed assets | 22/27 | €5,536 | €5,292 | -€244 | -4.4% |
| Plant, machinery and equipment | 23 | €5,432 | €3,349 | -€2,083 | -38.3% |
| Furniture and vehicles | 24 | €104 | €1,943 | +€1,839 | +1,761% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €140,542 | €231,650 | +€91,109 | +64.8% |
| Stocks and contracts in progress | 3 | €925 | €10,000 | +€9,075 | +981% |
| Stocks | 30/36 | €925 | €10,000 | +€9,075 | +981% |
| Amounts receivable within one year | 40/41 | €128,850 | €214,159 | +€85,309 | +66.2% |
| Trade receivables | 40 | €122,243 | €191,684 | +€69,441 | +56.8% |
| Other amounts receivable | 41 | €6,607 | €22,475 | +€15,868 | +240% |
| Cash at bank and in hand | 54/58 | €10,767 | €6,145 | -€4,622 | -42.9% |
| Deferred charges and accrued income | 490/1 | - | €1,346 | +€1,346 | |
| Total equity and liabilities | 10/49 | €146,608 | €237,472 | +€90,865 | +62.0% |
| Equity | 10/15 | €90,023 | €110,753 | +€20,730 | +23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €92,153 | +€90,293 | +4,854% |
| Distributable reserves | 133 | €1,860 | €92,153 | +€90,293 | +4,854% |
| Profit (loss) carried forward | 14 | €69,563 | - | -€69,563 | |
| Amounts payable | 17/49 | €56,585 | €126,719 | +€70,135 | +124% |
| Amounts payable within one year | 42/48 | €56,585 | €126,701 | +€70,117 | +124% |
| Current portion of amounts payable after more than one year | 42 | €4,805 | €862 | -€3,943 | -82.1% |
| Financial debts | 43 | - | €984 | +€984 | |
| Credit institutions | 430/8 | - | €984 | +€984 | |
| Trade debts | 44 | €45,462 | €58,688 | +€13,225 | +29.1% |
| Suppliers | 440/4 | €45,462 | €58,688 | +€13,225 | +29.1% |
| Advances received on contracts in progress | 46 | - | €56,453 | +€56,453 | |
| Taxes, remuneration and social security | 45 | €4,879 | €9,247 | +€4,368 | +89.5% |
| Taxes | 450/3 | €4,879 | €1,054 | -€3,825 | -78.4% |
| Remuneration and social security | 454/9 | - | €8,193 | +€8,193 | |
| Other amounts payable | 47/48 | €1,438 | €468 | -€970 | -67.4% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Remuneration, social security and pensions | 62 | €41,557 | €43,912 | +€2,355 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,414 | €2,368 | -€2,046 | -46.4% |
| Other operating charges | 640/8 | €16,130 | €7,603 | -€8,527 | -52.9% |
| Gross operating margin | 9900 | €101,790 | €74,808 | -€26,982 | -26.5% |
| Operating profit (loss) | 9901 | €39,689 | €20,925 | -€18,764 | -47.3% |
| Financial income | 75/76B | - | €7,102 | +€7,102 | |
| Recurring financial income | 75 | - | €602 | +€602 | |
| Non-recurring financial income | 76B | - | €6,500 | +€6,500 | |
| Financial charges | 65/66B | €2,305 | €1,605 | -€700 | -30.4% |
| Recurring financial charges | 65 | €2,305 | €1,605 | -€700 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €37,384 | €26,422 | -€10,962 | -29.3% |
| Income taxes | 67/77 | €9,879 | €5,693 | -€4,187 | -42.4% |
| Profit (loss) for the period | 9904 | €27,505 | €20,730 | -€6,775 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,505 | €20,730 | -€6,775 | -24.6% |
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 24 October 2026 via checked.be.