CARL DOTREMONT: 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.
CARL DOTREMONT
Largest movements
- Cash -€54,374
down €54,374 (-68.0%), from €80,012 to €25,639
mainly Net result for the year (-€60,411) and Debts after one year (-€43,639)
- Receivables within one year +€20,706
up €20,706 (+40.8%), from €50,792 to €71,498
of which Trade receivables: +€30,226
- Tangible fixed assets -€13,286
down €13,286 (-2.4%), from €558,673 to €545,388
of which Land and buildings: -€14,601
- Deferred charges and accrued income -€10,208
down €10,208 (-87.9%), from €11,612 to €1,404
- Reserves -€78,188
down €78,188 (-14.8%), from €527,677 to €449,489
- Trade debts +€55,156
up €55,156 (+557%), from €9,894 to €65,050
- Debts after one year -€43,639
down €43,639 (-21.7%), from €201,234 to €157,595
- Profit (loss) carried forward +€17,922
up €17,922, from -€17,922 to €0
- Tax, wage and social debts -€9,767
down €9,767 (-73.6%), from €13,272 to €3,505
- Gross operating margin -€45,314
down €45,314, from €11,216 to -€34,098
- Other operating charges -€4,894
down €4,894 (-47.4%), from €10,314 to €5,420
- Financial income +€4,660
up €4,660 (+587%), from €793 to €5,453
- Financial charges +€2,952
up €2,952 (+552%), from €535 to €3,487
- Depreciation +€2,905
up €2,905 (+15.4%), from €18,871 to €21,775
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 | €788,712 | €731,551 | -€57,161 | -7.2% |
| Fixed assets | 21/28 | €558,673 | €545,388 | -€13,286 | -2.4% |
| Tangible fixed assets | 22/27 | €558,673 | €545,388 | -€13,286 | -2.4% |
| Land and buildings | 22 | €539,060 | €524,459 | -€14,601 | -2.7% |
| Plant, machinery and equipment | 23 | €2,379 | €2,096 | -€283 | -11.9% |
| Furniture and vehicles | 24 | €17,235 | €18,832 | +€1,598 | +9.3% |
| Current assets | 29/58 | €230,038 | €186,163 | -€43,875 | -19.1% |
| Amounts receivable after more than one year | 29 | €87,623 | €87,623 | = | 0.0% |
| Other amounts receivable | 291 | €87,623 | €87,623 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,792 | €71,498 | +€20,706 | +40.8% |
| Trade receivables | 40 | €21,704 | €51,930 | +€30,226 | +139% |
| Other amounts receivable | 41 | €29,087 | €19,568 | -€9,520 | -32.7% |
| Cash at bank and in hand | 54/58 | €80,012 | €25,639 | -€54,374 | -68.0% |
| Deferred charges and accrued income | 490/1 | €11,612 | €1,404 | -€10,208 | -87.9% |
| Total equity and liabilities | 10/49 | €788,712 | €731,551 | -€57,161 | -7.2% |
| Equity | 10/15 | €522,154 | €461,889 | -€60,266 | -11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €527,677 | €449,489 | -€78,188 | -14.8% |
| Distributable reserves | 133 | €527,677 | €449,489 | -€78,188 | -14.8% |
| Profit (loss) carried forward | 14 | -€17,922 | €0 | +€17,922 | |
| Amounts payable | 17/49 | €266,557 | €269,662 | +€3,105 | +1.2% |
| Amounts payable after more than one year | 17 | €201,234 | €157,595 | -€43,639 | -21.7% |
| Financial debts | 170/4 | €201,234 | €157,595 | -€43,639 | -21.7% |
| Amounts payable within one year | 42/48 | €65,323 | €112,067 | +€46,744 | +71.6% |
| Current portion of amounts payable after more than one year | 42 | €40,972 | €42,400 | +€1,429 | +3.5% |
| Financial debts | 43 | €1,185 | €1,112 | -€74 | -6.2% |
| Credit institutions | 430/8 | €1,185 | €1,112 | -€74 | -6.2% |
| Trade debts | 44 | €9,894 | €65,050 | +€55,156 | +557% |
| Suppliers | 440/4 | €9,894 | €65,050 | +€55,156 | +557% |
| Taxes, remuneration and social security | 45 | €13,272 | €3,505 | -€9,767 | -73.6% |
| Taxes | 450/3 | €13,272 | €3,505 | -€9,767 | -73.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,871 | €21,775 | +€2,905 | +15.4% |
| Other operating charges | 640/8 | €10,314 | €5,420 | -€4,894 | -47.4% |
| Non-recurring operating charges | 66A | - | €943 | +€943 | |
| Gross operating margin | 9900 | €11,216 | -€34,098 | -€45,314 | |
| Operating profit (loss) | 9901 | -€17,968 | -€62,236 | -€44,269 | -246% |
| Financial income | 75/76B | €793 | €5,453 | +€4,660 | +587% |
| Recurring financial income | 75 | €793 | €5,453 | +€4,660 | +587% |
| Financial charges | 65/66B | €535 | €3,487 | +€2,952 | +552% |
| Recurring financial charges | 65 | €535 | €3,487 | +€2,952 | +552% |
| Profit (loss) for the period before taxes | 9903 | -€17,710 | -€60,270 | -€42,560 | -240% |
| Income taxes | 67/77 | €213 | €141 | -€72 | -33.8% |
| Profit (loss) for the period | 9904 | -€17,922 | -€60,411 | -€42,488 | -237% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,922 | -€60,411 | -€42,488 | -237% |
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 26 October 2026 via checked.be.