CARLEC: 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.
CARLEC
Largest movements
- Receivables within one year +€9,750
up €9,750 (+11.6%), from €84,096 to €93,846
of which Trade receivables: +€12,712
- Cash -€2,589
down €2,589 (-19.4%), from €13,367 to €10,778
mainly Receivables within one year (-€9,750) and Investment in fixed assets (net) (-€1,922)
- Tangible fixed assets +€1,285
up €1,285 (+128%), from €1,006 to €2,290
- Profit (loss) carried forward +€6,982
up €6,982 (+16.1%), from €43,246 to €50,228
- Trade debts +€2,299
up €2,299 (+22.2%), from €10,369 to €12,668
- Depreciation -€3,850
down €3,850 (-85.8%), from €4,487 to €638
- Staff costs +€3,251
new in 2025: €3,251
- Gross operating margin +€2,520
up €2,520 (+18.8%), from €13,429 to €15,948
- Taxes +€2,290
up €2,290 (+920%), from €249 to €2,539
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 | €101,798 | €110,812 | +€9,014 | +8.9% |
| Fixed assets | 21/28 | €1,006 | €2,290 | +€1,285 | +128% |
| Tangible fixed assets | 22/27 | €1,006 | €2,290 | +€1,285 | +128% |
| Plant, machinery and equipment | 23 | €1,006 | €2,290 | +€1,285 | +128% |
| Current assets | 29/58 | €100,792 | €108,521 | +€7,729 | +7.7% |
| Amounts receivable within one year | 40/41 | €84,096 | €93,846 | +€9,750 | +11.6% |
| Trade receivables | 40 | €46,683 | €59,395 | +€12,712 | +27.2% |
| Other amounts receivable | 41 | €37,413 | €34,451 | -€2,962 | -7.9% |
| Cash at bank and in hand | 54/58 | €13,367 | €10,778 | -€2,589 | -19.4% |
| Deferred charges and accrued income | 490/1 | €3,329 | €3,898 | +€569 | +17.1% |
| Total equity and liabilities | 10/49 | €101,798 | €110,812 | +€9,014 | +8.9% |
| Equity | 10/15 | €67,788 | €74,770 | +€6,982 | +10.3% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €2,231 | €2,231 | = | 0.0% |
| Distributable reserves | 133 | €2,231 | €2,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,246 | €50,228 | +€6,982 | +16.1% |
| Amounts payable | 17/49 | €34,010 | €36,042 | +€2,032 | +6.0% |
| Amounts payable within one year | 42/48 | €34,010 | €36,042 | +€2,032 | +6.0% |
| Financial debts | 43 | €6,249 | €6,423 | +€174 | +2.8% |
| Credit institutions | 430/8 | €6,249 | €6,423 | +€174 | +2.8% |
| Trade debts | 44 | €10,369 | €12,668 | +€2,299 | +22.2% |
| Suppliers | 440/4 | €10,369 | €12,668 | +€2,299 | +22.2% |
| Other amounts payable | 47/48 | €17,392 | €16,951 | -€441 | -2.5% |
| Remuneration, social security and pensions | 62 | - | €3,251 | +€3,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,487 | €638 | -€3,850 | -85.8% |
| Other operating charges | 640/8 | €1,002 | €1,103 | +€102 | +10.2% |
| Gross operating margin | 9900 | €13,429 | €15,948 | +€2,520 | +18.8% |
| Operating profit (loss) | 9901 | €7,940 | €10,956 | +€3,016 | +38.0% |
| Financial income | 75/76B | €46 | €63 | +€17 | +36.3% |
| Recurring financial income | 75 | €46 | €63 | +€17 | +36.3% |
| Financial charges | 65/66B | €1,516 | €1,498 | -€17 | -1.1% |
| Recurring financial charges | 65 | €1,516 | €1,498 | -€17 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €6,471 | €9,521 | +€3,050 | +47.1% |
| Income taxes | 67/77 | €249 | €2,539 | +€2,290 | +920% |
| Profit (loss) for the period | 9904 | €6,222 | €6,982 | +€760 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,222 | €6,982 | +€760 | +12.2% |
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 13 October 2026 via checked.be.