CARLIN: 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.
CARLIN
Largest movements
- Cash -€8,176
down €8,176 (-35.9%), from €22,790 to €14,614
mainly Investment in fixed assets (net) (-€13,357) and Trade debts (-€10,083)
- Tangible fixed assets -€3,606
down €3,606 (-6.8%), from €53,351 to €49,745
of which Furniture and vehicles: -€2,874
- Receivables within one year +€3,145
up €3,145 (+186.5%), from €1,687 to €4,832
of which Trade receivables: +€1,824
- Deferred charges and accrued income -€1,943
down €1,943 (-89.5%), from €2,171 to €229
- Profit (loss) carried forward +€14,677
up €14,677 (+9.4%), from -€156,856 to -€142,179
- Trade debts -€10,083
down €10,083 (-69.0%), from €14,617 to €4,534
- Current portion of long-term debt -€4,848
down €4,848 (-58.0%), from €8,364 to €3,516
- Debts after one year -€3,516
down €3,516 (-100.0%), from €3,516 to €0
- Tax, wage and social debts -€3,323
down €3,323 (-23.8%), from €13,976 to €10,653
of which Remuneration and social security: -€3,576
- Staff costs -€16,300
down €16,300 (-86.4%), from €18,859 to €2,560
- Other operating charges +€5,225
up €5,225 (+259.1%), from €2,017 to €7,243
- Gross operating margin -€4,832
down €4,832 (-8.8%), from €54,610 to €49,778
- Depreciation -€2,344
down €2,344 (-12.1%), from €19,307 to €16,963
- Taxes +€1,366
up €1,366 (+21.8%), from €6,277 to €7,643
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 | €100,192 | €90,434 | -€9,757 | -9.7% |
| Fixed assets | 21/28 | €53,642 | €50,036 | -€3,606 | -6.7% |
| Tangible fixed assets | 22/27 | €53,351 | €49,745 | -€3,606 | -6.8% |
| Plant, machinery and equipment | 23 | €6,727 | €5,442 | -€1,285 | -19.1% |
| Furniture and vehicles | 24 | €11,780 | €8,907 | -€2,874 | -24.4% |
| Other tangible fixed assets | 26 | €34,844 | €35,397 | +€553 | +1.6% |
| Financial fixed assets | 28 | €291 | €291 | = | 0.0% |
| Current assets | 29/58 | €46,550 | €40,398 | -€6,152 | -13.2% |
| Stocks and contracts in progress | 3 | €19,902 | €20,723 | +€821 | +4.1% |
| Stocks | 30/36 | €19,902 | €20,723 | +€821 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,687 | €4,832 | +€3,145 | +186.5% |
| Trade receivables | 40 | €652 | €2,475 | +€1,824 | +279.9% |
| Other amounts receivable | 41 | €1,035 | €2,357 | +€1,321 | +127.6% |
| Cash at bank and in hand | 54/58 | €22,790 | €14,614 | -€8,176 | -35.9% |
| Deferred charges and accrued income | 490/1 | €2,171 | €229 | -€1,943 | -89.5% |
| Total equity and liabilities | 10/49 | €100,192 | €90,434 | -€9,757 | -9.7% |
| Equity | 10/15 | -€125,323 | -€110,646 | +€14,677 | +11.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,941 | €12,941 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,941 | €12,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,856 | -€142,179 | +€14,677 | +9.4% |
| Amounts payable | 17/49 | €225,515 | €201,081 | -€24,434 | -10.8% |
| Amounts payable after more than one year | 17 | €3,516 | €0 | -€3,516 | -100.0% |
| Financial debts | 170/4 | €3,516 | €0 | -€3,516 | -100.0% |
| Amounts payable within one year | 42/48 | €221,999 | €201,081 | -€20,918 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €8,364 | €3,516 | -€4,848 | -58.0% |
| Trade debts | 44 | €14,617 | €4,534 | -€10,083 | -69.0% |
| Suppliers | 440/4 | €14,617 | €4,534 | -€10,083 | -69.0% |
| Taxes, remuneration and social security | 45 | €13,976 | €10,653 | -€3,323 | -23.8% |
| Taxes | 450/3 | €8,736 | €8,989 | +€253 | +2.9% |
| Remuneration and social security | 454/9 | €5,239 | €1,664 | -€3,576 | -68.2% |
| Other amounts payable | 47/48 | €185,042 | €182,377 | -€2,664 | -1.4% |
| Remuneration, social security and pensions | 62 | €18,859 | €2,560 | -€16,300 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,307 | €16,963 | -€2,344 | -12.1% |
| Other operating charges | 640/8 | €2,017 | €7,243 | +€5,225 | +259.1% |
| Gross operating margin | 9900 | €54,610 | €49,778 | -€4,832 | -8.8% |
| Operating profit (loss) | 9901 | €14,426 | €23,012 | +€8,586 | +59.5% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €902 | €706 | -€196 | -21.8% |
| Recurring financial charges | 65 | €902 | €706 | -€196 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €13,524 | €22,320 | +€8,796 | +65.0% |
| Income taxes | 67/77 | €6,277 | €7,643 | +€1,366 | +21.8% |
| Profit (loss) for the period | 9904 | €7,247 | €14,677 | +€7,430 | +102.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,247 | €14,677 | +€7,430 | +102.5% |
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 3 October 2026 via checked.be.