Carlens: 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.
What changed
Carlens
NACE 16.110, Sawmilling and planing of wood
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.4m+€107,438
Equity
€15.7m
2024 · €15.3m+€403,683
Cash
€1.8m
2024 · €1.9m-€177,426
Balance sheet total
€17.0m
2024 · €16.0m+€977,679
Largest movements
Assets
- Current investments +€954,131
up €954,131 (+21.2%), from €4.5m to €5.5m
- Stocks and contracts +€245,089
up €245,089 (+5.1%), from €4.8m to €5.1m
- Financial fixed assets -€205,000
down €205,000 (-13.2%), from €1.6m to €1.4m
- Receivables within one year +€178,476
up €178,476 (+11.6%), from €1.5m to €1.7m
of which Trade receivables: +€308,100
- Cash -€177,426
down €177,426 (-9.1%), from €1.9m to €1.8m
mainly Contributions, distributions and other (-€1.1m) and Current investments (-€954,131)
Equity and liabilities
- Other debts +€600,000
up €600,000 (+981%), from €61,156 to €661,156
- Reserves +€403,683
up €403,683 (+2.7%), from €14.9m to €15.3m
of which Distributable reserves: +€436,466
- Trade debts +€181,129
up €181,129 (+180%), from €100,710 to €281,839
Income statement
- Turnover +€2.2m
up €2.2m (+14.5%), from €14.9m to €17.0m
- Goods and materials +€2.1m
up €2.1m (+19.3%), from €10.8m to €12.9m
of which Purchases: +€1.7m
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.
Result 2024
€1.4m
Turnover
+€2.2m
Other operating income
+€96,130
Goods and materials
-€2.1m
Services and other goods
-€50,590
Staff costs
-€121,482
Depreciation
+€31,859
Write-downs
+€11,081
Other operating charges
+€7,603
Other operating items
+€9,903
Financial income
+€48,253
Financial charges
-€17,486
Taxes
+€32,339
Deferred taxes and other
-€13,061
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.1m
Investment
-€1.1m
Financing
-€1.1m
Cash 2024
€1.9m
From operations (derived)
+€2.1m
Net result for the year
+€1.5m
Depreciation
+€408,678
Stocks and contracts
-€245,089
Receivables within one year
-€178,476
Deferred charges and accrued income
+€2,927
Provisions
-€13,058
Trade debts
+€181,129
Tax, wage and social debts
-€162,200
Other debts
+€600,000
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€189,015
Current investments
-€954,131
Financing
-€1.1m
Current portion of long-term debt
-€31,875
Contributions, distributions and other
-€1.1m
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,037,766 | €17,015,444 | +€977,679 | +6.1% |
| Fixed assets | 21/28 | €3,183,680 | €2,964,017 | -€219,664 | -6.9% |
| Tangible fixed assets | 22/27 | €1,628,680 | €1,614,017 | -€14,664 | -0.9% |
| Land and buildings | 22 | €801,708 | €777,512 | -€24,196 | -3.0% |
| Plant, machinery and equipment | 23 | €296,383 | €323,965 | +€27,581 | +9.3% |
| Furniture and vehicles | 24 | €530,589 | €512,540 | -€18,049 | -3.4% |
| Financial fixed assets | 28 | €1,555,000 | €1,350,000 | -€205,000 | -13.2% |
| Affiliated companies | 280/1 | €1,555,000 | €1,350,000 | -€205,000 | -13.2% |
| Amounts receivable | 281 | €1,555,000 | €1,350,000 | -€205,000 | -13.2% |
| Current assets | 29/58 | €12,854,085 | €14,051,428 | +€1.2m | +9.3% |
| Stocks and contracts in progress | 3 | €4,845,208 | €5,090,297 | +€245,089 | +5.1% |
| Stocks | 30/36 | €4,845,208 | €5,090,297 | +€245,089 | +5.1% |
| Goods purchased for resale | 34 | €4,845,208 | €5,090,297 | +€245,089 | +5.1% |
| Amounts receivable within one year | 40/41 | €1,534,455 | €1,712,932 | +€178,476 | +11.6% |
| Trade receivables | 40 | €1,373,130 | €1,681,230 | +€308,100 | +22.4% |
| Other amounts receivable | 41 | €161,325 | €31,701 | -€129,624 | -80.3% |
| Current investments | 50/53 | €4,500,000 | €5,454,131 | +€954,131 | +21.2% |
| Other investments | 51/53 | €4,500,000 | €5,454,131 | +€954,131 | +21.2% |
| Cash at bank and in hand | 54/58 | €1,946,076 | €1,768,650 | -€177,426 | -9.1% |
| Deferred charges and accrued income | 490/1 | €28,346 | €25,419 | -€2,927 | -10.3% |
| Total equity and liabilities | 10/49 | €16,037,766 | €17,015,444 | +€977,679 | +6.1% |
| Equity | 10/15 | €15,342,874 | €15,746,557 | +€403,683 | +2.6% |
| Contributions | 10/11 | €430,900 | €430,900 | = | 0.0% |
| Capital | 10 | €430,900 | €430,900 | = | 0.0% |
| Issued capital | 100 | €430,900 | €430,900 | = | 0.0% |
| Reserves | 13 | €14,911,974 | €15,315,657 | +€403,683 | +2.7% |
| Non-distributable reserves | 130/1 | €43,090 | €43,090 | = | 0.0% |
| Legal reserve | 130 | €43,090 | €43,090 | = | 0.0% |
| Tax-exempt reserves | 132 | €702,154 | €669,372 | -€32,783 | -4.7% |
| Distributable reserves | 133 | €14,166,729 | €14,603,195 | +€436,466 | +3.1% |
| Provisions and deferred taxes | 16 | €19,532 | €6,474 | -€13,058 | -66.9% |
| Deferred taxes | 168 | €19,532 | €6,474 | -€13,058 | -66.9% |
| Amounts payable | 17/49 | €675,359 | €1,262,414 | +€587,054 | +86.9% |
| Amounts payable within one year | 42/48 | €665,261 | €1,252,315 | +€587,054 | +88.2% |
| Current portion of amounts payable after more than one year | 42 | €31,875 | €0 | -€31,875 | -100% |
| Trade debts | 44 | €100,710 | €281,839 | +€181,129 | +180% |
| Suppliers | 440/4 | €100,710 | €281,839 | +€181,129 | +180% |
| Taxes, remuneration and social security | 45 | €471,520 | €309,320 | -€162,200 | -34.4% |
| Taxes | 450/3 | €278,270 | €86,059 | -€192,211 | -69.1% |
| Remuneration and social security | 454/9 | €193,250 | €223,261 | +€30,011 | +15.5% |
| Other amounts payable | 47/48 | €61,156 | €661,156 | +€600,000 | +981% |
| Accrued charges and deferred income | 492/3 | €10,099 | €10,099 | = | 0.0% |
| Operating income | 70/76A | €15,304,548 | €17,558,392 | +€2.3m | +14.7% |
| Turnover | 70 | €14,868,112 | €17,025,825 | +€2.2m | +14.5% |
| Other operating income | 74 | €436,437 | €532,566 | +€96,130 | +22.0% |
| Operating charges | 60/66A | €13,737,819 | €15,934,271 | +€2.2m | +16.0% |
| Goods for resale, raw materials and consumables | 60 | €10,801,435 | €12,886,260 | +€2.1m | +19.3% |
| Purchases | 600/8 | €11,383,030 | €13,131,349 | +€1.7m | +15.4% |
| Change in stocks: decrease (increase) | 609 | -€581,595 | -€245,089 | +€336,506 | +57.9% |
| Services and other goods | 61 | €1,019,443 | €1,070,032 | +€50,590 | +5.0% |
| Remuneration, social security and pensions | 62 | €1,317,350 | €1,438,832 | +€121,482 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440,537 | €408,678 | -€31,859 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,294 | €34,213 | -€11,081 | -24.5% |
| Other operating charges | 640/8 | €102,730 | €95,127 | -€7,603 | -7.4% |
| Non-recurring operating charges | 66A | €11,031 | €1,129 | -€9,903 | -89.8% |
| Operating profit (loss) | 9901 | €1,566,729 | €1,624,121 | +€57,392 | +3.7% |
| Financial income | 75/76B | €433,256 | €481,509 | +€48,253 | +11.1% |
| Recurring financial income | 75 | €433,256 | €481,509 | +€48,253 | +11.1% |
| Income from financial fixed assets | 750 | €136,498 | €155,040 | +€18,542 | +13.6% |
| Income from current assets | 751 | €28,346 | €24,607 | -€3,739 | -13.2% |
| Other financial income | 752/9 | €268,412 | €301,861 | +€33,449 | +12.5% |
| Financial charges | 65/66B | €78,909 | €96,395 | +€17,486 | +22.2% |
| Recurring financial charges | 65 | €78,909 | €96,395 | +€17,486 | +22.2% |
| Debt charges | 650 | €4,833 | €3,715 | -€1,118 | -23.1% |
| Other financial charges | 652/9 | €74,076 | €92,680 | +€18,603 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €1,921,076 | €2,009,235 | +€88,159 | +4.6% |
| Transfer from deferred taxes | 780 | €26,119 | €13,058 | -€13,061 | -50.0% |
| Income taxes | 67/77 | €550,950 | €518,610 | -€32,339 | -5.9% |
| Taxes | 670/3 | €550,950 | €536,512 | -€14,437 | -2.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €17,902 | +€17,902 | |
| Profit (loss) for the period | 9904 | €1,396,245 | €1,503,683 | +€107,438 | +7.7% |
| Transfer from tax-exempt reserves | 789 | €64,039 | €32,783 | -€31,256 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,460,284 | €1,536,466 | +€76,182 | +5.2% |
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 15 October 2026 via checked.be.