CARLO: 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.
CARLO
Largest movements
- Receivables within one year +€31,632
up €31,632 (+993.2%), from €3,185 to €34,817
of which Other amounts receivable: +€23,632
- Cash +€3,404
up €3,404 (+567.5%), from €600 to €4,004
mainly Trade debts (+€17,784) and Net result for the year (+€16,100)
- Trade debts +€17,784
up €17,784 (+2634.7%), from €675 to €18,459
- Profit (loss) carried forward +€16,100
up €16,100, from -€12,859 to €3,241
- Accrued charges and deferred income +€9,093
up €9,093 (+699.5%), from €1,300 to €10,393
- Other debts -€9,080
down €9,080 (-65.2%), from €13,928 to €4,848
- Current portion of long-term debt +€5,009
up €5,009, from €0 to €5,009
- Gross operating margin +€1,718
up €1,718 (+6.3%), from €27,201 to €28,920
- Other operating charges -€733
down €733 (-8.8%), from €8,324 to €7,591
- Financial charges -€381
down €381 (-67.4%), from €566 to €185
- Financial income +€332
new in 2025: €332
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 | €49,313 | €84,422 | +€35,109 | +71.2% |
| Fixed assets | 21/28 | €43,381 | €43,381 | = | 0.0% |
| Tangible fixed assets | 22/27 | €43,381 | €43,381 | = | 0.0% |
| Land and buildings | 22 | €43,381 | €43,381 | = | 0.0% |
| Current assets | 29/58 | €5,932 | €41,040 | +€35,109 | +591.9% |
| Amounts receivable within one year | 40/41 | €3,185 | €34,817 | +€31,632 | +993.2% |
| Trade receivables | 40 | - | €8,000 | +€8,000 | |
| Other amounts receivable | 41 | €3,185 | €26,817 | +€23,632 | +742.0% |
| Cash at bank and in hand | 54/58 | €600 | €4,004 | +€3,404 | +567.5% |
| Deferred charges and accrued income | 490/1 | €2,147 | €2,219 | +€72 | +3.4% |
| Total equity and liabilities | 10/49 | €49,313 | €84,422 | +€35,109 | +71.2% |
| Equity | 10/15 | €24,606 | €40,706 | +€16,100 | +65.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €18,915 | €18,915 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,735 | €1,735 | = | 0.0% |
| Distributable reserves | 133 | €17,180 | €17,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,859 | €3,241 | +€16,100 | |
| Amounts payable | 17/49 | €24,707 | €43,716 | +€19,009 | +76.9% |
| Amounts payable within one year | 42/48 | €23,407 | €33,323 | +€9,916 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,009 | +€5,009 | |
| Trade debts | 44 | €675 | €18,459 | +€17,784 | +2634.7% |
| Suppliers | 440/4 | €675 | €18,459 | +€17,784 | +2634.7% |
| Taxes, remuneration and social security | 45 | €8,804 | €5,007 | -€3,797 | -43.1% |
| Taxes | 450/3 | €8,804 | €5,007 | -€3,797 | -43.1% |
| Other amounts payable | 47/48 | €13,928 | €4,848 | -€9,080 | -65.2% |
| Accrued charges and deferred income | 492/3 | €1,300 | €10,393 | +€9,093 | +699.5% |
| Other operating charges | 640/8 | €8,324 | €7,591 | -€733 | -8.8% |
| Gross operating margin | 9900 | €27,201 | €28,920 | +€1,718 | +6.3% |
| Operating profit (loss) | 9901 | €18,877 | €21,329 | +€2,451 | +13.0% |
| Financial income | 75/76B | - | €332 | +€332 | |
| Recurring financial income | 75 | - | €332 | +€332 | |
| Financial charges | 65/66B | €566 | €185 | -€381 | -67.4% |
| Recurring financial charges | 65 | €566 | €185 | -€381 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €18,312 | €21,476 | +€3,165 | +17.3% |
| Income taxes | 67/77 | €5,454 | €5,377 | -€77 | -1.4% |
| Profit (loss) for the period | 9904 | €12,858 | €16,100 | +€3,242 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,858 | €16,100 | +€3,242 | +25.2% |
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 6 October 2026 via checked.be.