CARL: 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.
CARL
Largest movements
- Cash -€2,693
down €2,693 (-78.0%), from €3,453 to €760
mainly Receivables within one year (-€1,984) and Contributions, distributions and other (-€1,600)
- Receivables within one year +€1,984
up €1,984 (+307.6%), from €645 to €2,629
- Reserves +€2,150
up €2,150 (+12.4%), from €17,359 to €19,509
of which Distributable reserves: +€2,150
- Other debts +€1,600
new in 2025: €1,600
- Profit (loss) carried forward -€1,551
down €1,551 (-81.6%), from €1,900 to €349
- Trade debts -€1,504
no longer reported in 2025 (was €1,504)
- Tax, wage and social debts -€1,405
down €1,405 (-36.1%), from €3,891 to €2,486
- Gross operating margin -€5,203
down €5,203 (-52.7%), from €9,880 to €4,677
- Depreciation -€3,543
down €3,543 (-100.0%), from €3,544 to €1
- Taxes -€1,610
down €1,610 (-58.5%), from €2,750 to €1,140
- Other operating charges +€202
up €202 (+18.5%), from €1,090 to €1,292
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 | €43,246 | €42,536 | -€710 | -1.6% |
| Fixed assets | 21/28 | €39,148 | €39,147 | -€1 | 0.0% |
| Tangible fixed assets | 22/27 | €39,148 | €39,147 | -€1 | 0.0% |
| Land and buildings | 22 | €39,148 | €39,147 | -€1 | 0.0% |
| Current assets | 29/58 | €4,098 | €3,389 | -€709 | -17.3% |
| Amounts receivable within one year | 40/41 | €645 | €2,629 | +€1,984 | +307.6% |
| Other amounts receivable | 41 | €645 | €2,629 | +€1,984 | +307.6% |
| Cash at bank and in hand | 54/58 | €3,453 | €760 | -€2,693 | -78.0% |
| Total equity and liabilities | 10/49 | €43,246 | €42,536 | -€710 | -1.6% |
| Equity | 10/15 | €37,851 | €38,450 | +€599 | +1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €17,359 | €19,509 | +€2,150 | +12.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €15,500 | €17,650 | +€2,150 | +13.9% |
| Profit (loss) carried forward | 14 | €1,900 | €349 | -€1,551 | -81.6% |
| Amounts payable | 17/49 | €5,395 | €4,086 | -€1,309 | -24.3% |
| Amounts payable within one year | 42/48 | €5,395 | €4,086 | -€1,309 | -24.3% |
| Trade debts | 44 | €1,504 | - | -€1,504 | |
| Suppliers | 440/4 | €1,504 | - | -€1,504 | |
| Taxes, remuneration and social security | 45 | €3,891 | €2,486 | -€1,405 | -36.1% |
| Taxes | 450/3 | €3,891 | €2,486 | -€1,405 | -36.1% |
| Other amounts payable | 47/48 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,544 | €1 | -€3,543 | -100.0% |
| Other operating charges | 640/8 | €1,090 | €1,292 | +€202 | +18.5% |
| Gross operating margin | 9900 | €9,880 | €4,677 | -€5,203 | -52.7% |
| Operating profit (loss) | 9901 | €5,246 | €3,384 | -€1,862 | -35.5% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,201 | €3,339 | -€1,862 | -35.8% |
| Income taxes | 67/77 | €2,750 | €1,140 | -€1,610 | -58.5% |
| Profit (loss) for the period | 9904 | €2,451 | €2,199 | -€252 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,451 | €2,199 | -€252 | -10.3% |
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 30 September 2026 via checked.be.