CARLA: 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.
CARLA
Largest movements
- Cash +€12,918
up €12,918 (+10.4%), from €124,265 to €137,183
mainly Net result for the year (+€13,356) and Depreciation (+€5,198)
- Reserves +€13,356
up €13,356 (+3.7%), from €362,236 to €375,591
of which Distributable reserves: +€13,356
- Gross operating margin -€3,292
down €3,292 (-11.6%), from €28,389 to €25,097
- Taxes +€3,174
up €3,174 (+103.7%), from €3,059 to €6,233
- Depreciation -€844
down €844 (-14.0%), from €6,042 to €5,198
- Financial income +€700
up €700 (+18.1%), from €3,855 to €4,554
- Financial charges +€605
up €605 (+1034.4%), from €59 to €664
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 | €428,908 | €442,411 | +€13,503 | +3.1% |
| Fixed assets | 21/28 | €76,360 | €77,301 | +€941 | +1.2% |
| Tangible fixed assets | 22/27 | €76,360 | €77,301 | +€941 | +1.2% |
| Other tangible fixed assets | 26 | €76,360 | €77,301 | +€941 | +1.2% |
| Current assets | 29/58 | €352,548 | €365,110 | +€12,562 | +3.6% |
| Amounts receivable within one year | 40/41 | €361 | - | -€361 | |
| Trade receivables | 40 | €361 | - | -€361 | |
| Current investments | 50/53 | €227,343 | €227,343 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €124,265 | €137,183 | +€12,918 | +10.4% |
| Deferred charges and accrued income | 490/1 | €578 | €583 | +€5 | +0.9% |
| Total equity and liabilities | 10/49 | €428,908 | €442,411 | +€13,503 | +3.1% |
| Equity | 10/15 | €424,236 | €437,591 | +€13,356 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €362,236 | €375,591 | +€13,356 | +3.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €356,036 | €369,391 | +€13,356 | +3.8% |
| Amounts payable | 17/49 | €4,673 | €4,820 | +€147 | +3.2% |
| Amounts payable within one year | 42/48 | €4,673 | €4,045 | -€628 | -13.4% |
| Trade debts | 44 | €2,316 | €1,869 | -€448 | -19.3% |
| Suppliers | 440/4 | €2,316 | €1,869 | -€448 | -19.3% |
| Taxes, remuneration and social security | 45 | €1,942 | €867 | -€1,076 | -55.4% |
| Taxes | 450/3 | €1,942 | €867 | -€1,076 | -55.4% |
| Other amounts payable | 47/48 | €414 | €1,310 | +€896 | +216.4% |
| Accrued charges and deferred income | 492/3 | - | €775 | +€775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,042 | €5,198 | -€844 | -14.0% |
| Other operating charges | 640/8 | €4,208 | €4,202 | -€7 | -0.2% |
| Gross operating margin | 9900 | €28,389 | €25,097 | -€3,292 | -11.6% |
| Operating profit (loss) | 9901 | €18,139 | €15,698 | -€2,441 | -13.5% |
| Financial income | 75/76B | €3,855 | €4,554 | +€700 | +18.1% |
| Recurring financial income | 75 | €3,855 | €4,554 | +€700 | +18.1% |
| Financial charges | 65/66B | €59 | €664 | +€605 | +1034.4% |
| Recurring financial charges | 65 | €59 | €664 | +€605 | +1034.4% |
| Profit (loss) for the period before taxes | 9903 | €21,935 | €19,589 | -€2,347 | -10.7% |
| Income taxes | 67/77 | €3,059 | €6,233 | +€3,174 | +103.7% |
| Profit (loss) for the period | 9904 | €18,876 | €13,356 | -€5,520 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,876 | €13,356 | -€5,520 | -29.2% |
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 7 October 2026 via checked.be.