Carlo Cras: 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.
Carlo Cras
Largest movements
- Cash +€175,108
up €175,108 (+27.7%), from €631,234 to €806,342
mainly Net result for the year (+€157,974) and Other debts (+€120,288)
- Receivables after one year -€38,462
down €38,462 (-46.8%), from €82,267 to €43,805
- Tangible fixed assets +€27,756
up €27,756 (+70.3%), from €39,509 to €67,265
of which Furniture and vehicles: +€32,836
- Other debts +€120,288
up €120,288 (+113%), from €106,604 to €226,892
- Reserves +€112,665
up €112,665 (+21.2%), from €531,428 to €644,092
of which Distributable reserves: +€112,665
- Tax, wage and social debts -€71,816
down €71,816 (-96.9%), from €74,081 to €2,265
- Gross operating margin +€103,455
up €103,455 (+60.5%), from €170,863 to €274,318
- Taxes +€33,155
up €33,155 (+75.6%), from €43,862 to €77,017
- Depreciation +€10,940
up €10,940 (+51.4%), from €21,304 to €32,244
- Financial income +€3,617
up €3,617 (+191%), from €1,889 to €5,506
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 | €810,847 | €973,238 | +€162,392 | +20.0% |
| Fixed assets | 21/28 | €39,509 | €67,265 | +€27,756 | +70.3% |
| Tangible fixed assets | 22/27 | €39,509 | €67,265 | +€27,756 | +70.3% |
| Land and buildings | 22 | €3,742 | €2,355 | -€1,388 | -37.1% |
| Plant, machinery and equipment | 23 | €3,692 | - | -€3,692 | |
| Furniture and vehicles | 24 | €32,075 | €64,911 | +€32,836 | +102% |
| Current assets | 29/58 | €771,337 | €905,973 | +€134,636 | +17.5% |
| Amounts receivable after more than one year | 29 | €82,267 | €43,805 | -€38,462 | -46.8% |
| Other amounts receivable | 291 | €82,267 | €43,805 | -€38,462 | -46.8% |
| Amounts receivable within one year | 40/41 | €55,729 | €46,565 | -€9,164 | -16.4% |
| Other amounts receivable | 41 | €55,729 | €46,565 | -€9,164 | -16.4% |
| Cash at bank and in hand | 54/58 | €631,234 | €806,342 | +€175,108 | +27.7% |
| Deferred charges and accrued income | 490/1 | €2,107 | €9,260 | +€7,153 | +339% |
| Total equity and liabilities | 10/49 | €810,847 | €973,238 | +€162,392 | +20.0% |
| Equity | 10/15 | €625,428 | €738,092 | +€112,665 | +18.0% |
| Contributions | 10/11 | €94,000 | €94,000 | = | 0.0% |
| Reserves | 13 | €531,428 | €644,092 | +€112,665 | +21.2% |
| Non-distributable reserves | 130/1 | €14,890 | €14,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,890 | €14,890 | = | 0.0% |
| Distributable reserves | 133 | €516,538 | €629,202 | +€112,665 | +21.8% |
| Amounts payable | 17/49 | €185,419 | €235,146 | +€49,727 | +26.8% |
| Amounts payable within one year | 42/48 | €185,419 | €235,146 | +€49,727 | +26.8% |
| Trade debts | 44 | €4,734 | €5,988 | +€1,255 | +26.5% |
| Suppliers | 440/4 | €4,734 | €5,988 | +€1,255 | +26.5% |
| Taxes, remuneration and social security | 45 | €74,081 | €2,265 | -€71,816 | -96.9% |
| Taxes | 450/3 | €74,081 | €2,265 | -€71,816 | -96.9% |
| Other amounts payable | 47/48 | €106,604 | €226,892 | +€120,288 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,304 | €32,244 | +€10,940 | +51.4% |
| Other operating charges | 640/8 | €2,086 | €2,226 | +€140 | +6.7% |
| Gross operating margin | 9900 | €170,863 | €274,318 | +€103,455 | +60.5% |
| Operating profit (loss) | 9901 | €147,473 | €239,848 | +€92,375 | +62.6% |
| Financial income | 75/76B | €1,889 | €5,506 | +€3,617 | +191% |
| Recurring financial income | 75 | €1,889 | €5,506 | +€3,617 | +191% |
| Financial charges | 65/66B | €7,966 | €10,363 | +€2,398 | +30.1% |
| Recurring financial charges | 65 | €7,966 | €10,363 | +€2,398 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €141,396 | €234,991 | +€93,595 | +66.2% |
| Income taxes | 67/77 | €43,862 | €77,017 | +€33,155 | +75.6% |
| Profit (loss) for the period | 9904 | €97,534 | €157,974 | +€60,440 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,534 | €157,974 | +€60,440 | +62.0% |
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 24 October 2026 via checked.be.