CARLOTTA: 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.
CARLOTTA
Largest movements
- Stocks and contracts +€52,411
up €52,411 (+71.9%), from €72,906 to €125,317
- Tangible fixed assets -€27,547
down €27,547 (-16.8%), from €164,276 to €136,729
of which Land and buildings: -€16,794
- Intangible fixed assets -€18,989
down €18,989 (-14.8%), from €128,137 to €109,148
- Receivables within one year -€4,523
down €4,523 (-67.3%), from €6,723 to €2,200
of which Trade receivables: -€3,475
- Trade debts -€33,914
down €33,914 (-70.2%), from €48,304 to €14,390
- Other debts +€30,535
up €30,535 (+30.7%), from €99,393 to €129,928
- Current portion of long-term debt +€9,173
up €9,173 (+40.1%), from €22,848 to €32,021
- Reserves +€9,074
up €9,074 (+40.3%), from €22,542 to €31,616
- Debts after one year -€9,063
down €9,063 (-5.9%), from €153,475 to €144,412
- Gross operating margin -€36,744
down €36,744 (-31.2%), from €117,726 to €80,983
- Staff costs -€27,869
down €27,869 (-82.0%), from €33,986 to €6,117
- Depreciation +€9,992
up €9,992 (+24.0%), from €41,618 to €51,610
- Financial charges -€9,416
down €9,416 (-52.9%), from €17,808 to €8,392
- Taxes +€1,588
up €1,588 (+50.4%), from €3,151 to €4,739
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 | €384,501 | €386,444 | +€1,942 | +0.5% |
| Fixed assets | 21/28 | €292,412 | €245,877 | -€46,536 | -15.9% |
| Intangible fixed assets | 21 | €128,137 | €109,148 | -€18,989 | -14.8% |
| Tangible fixed assets | 22/27 | €164,276 | €136,729 | -€27,547 | -16.8% |
| Land and buildings | 22 | €136,162 | €119,368 | -€16,794 | -12.3% |
| Plant, machinery and equipment | 23 | €3,349 | €3,750 | +€401 | +12.0% |
| Furniture and vehicles | 24 | €24,765 | €13,612 | -€11,154 | -45.0% |
| Current assets | 29/58 | €92,089 | €140,567 | +€48,478 | +52.6% |
| Stocks and contracts in progress | 3 | €72,906 | €125,317 | +€52,411 | +71.9% |
| Stocks | 30/36 | €72,906 | €125,317 | +€52,411 | +71.9% |
| Amounts receivable within one year | 40/41 | €6,723 | €2,200 | -€4,523 | -67.3% |
| Trade receivables | 40 | €5,675 | €2,200 | -€3,475 | -61.2% |
| Other amounts receivable | 41 | €1,049 | - | -€1,049 | |
| Cash at bank and in hand | 54/58 | €12,460 | €11,265 | -€1,195 | -9.6% |
| Deferred charges and accrued income | 490/1 | - | €1,785 | +€1,785 | |
| Total equity and liabilities | 10/49 | €384,501 | €386,444 | +€1,942 | +0.5% |
| Equity | 10/15 | €32,542 | €41,616 | +€9,074 | +27.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,542 | €31,616 | +€9,074 | +40.3% |
| Distributable reserves | 133 | €22,542 | €31,616 | +€9,074 | +40.3% |
| Amounts payable | 17/49 | €351,959 | €344,827 | -€7,132 | -2.0% |
| Amounts payable after more than one year | 17 | €153,475 | €144,412 | -€9,063 | -5.9% |
| Financial debts | 170/4 | €153,475 | €144,412 | -€9,063 | -5.9% |
| Amounts payable within one year | 42/48 | €196,243 | €199,155 | +€2,912 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €22,848 | €32,021 | +€9,173 | +40.1% |
| Trade debts | 44 | €48,304 | €14,390 | -€33,914 | -70.2% |
| Suppliers | 440/4 | €48,304 | €14,390 | -€33,914 | -70.2% |
| Taxes, remuneration and social security | 45 | €25,698 | €22,816 | -€2,881 | -11.2% |
| Taxes | 450/3 | €20,466 | €22,567 | +€2,101 | +10.3% |
| Remuneration and social security | 454/9 | €5,232 | €249 | -€4,983 | -95.2% |
| Other amounts payable | 47/48 | €99,393 | €129,928 | +€30,535 | +30.7% |
| Accrued charges and deferred income | 492/3 | €2,241 | €1,261 | -€980 | -43.7% |
| Remuneration, social security and pensions | 62 | €33,986 | €6,117 | -€27,869 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,618 | €51,610 | +€9,992 | +24.0% |
| Other operating charges | 640/8 | €840 | €1,050 | +€210 | +25.0% |
| Gross operating margin | 9900 | €117,726 | €80,983 | -€36,744 | -31.2% |
| Operating profit (loss) | 9901 | €41,282 | €22,205 | -€19,077 | -46.2% |
| Financial charges | 65/66B | €17,808 | €8,392 | -€9,416 | -52.9% |
| Recurring financial charges | 65 | €17,808 | €8,392 | -€9,416 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €23,474 | €13,813 | -€9,661 | -41.2% |
| Income taxes | 67/77 | €3,151 | €4,739 | +€1,588 | +50.4% |
| Profit (loss) for the period | 9904 | €20,323 | €9,074 | -€11,249 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,323 | €9,074 | -€11,249 | -55.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.