Carlotta De Witte: 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.
Carlotta De Witte
Largest movements
- Tangible fixed assets +€10,435
up €10,435 (+213%), from €4,905 to €15,340
of which Plant, machinery and equipment: +€7,202
- Cash +€4,139
up €4,139 (+106%), from €3,909 to €8,047
mainly Debts after one year (+€13,781) and Other debts (+€7,303)
- Deferred charges and accrued income -€3,203
down €3,203 (-90.8%), from €3,526 to €323
- Profit (loss) carried forward -€14,598
down €14,598 (-99.3%), from -€14,698 to -€29,296
- Debts after one year +€13,781
new in 2025: €13,781
- Other debts +€7,303
up €7,303 (+78.6%), from €9,293 to €16,596
- Current portion of long-term debt +€3,474
new in 2025: €3,474
- Trade debts +€1,520
up €1,520 (+217%), from €700 to €2,220
- Depreciation +€2,405
up €2,405 (+152%), from €1,581 to €3,986
- Gross operating margin -€1,410
down €1,410 (-17.3%), from -€8,159 to -€9,569
- Financial charges +€604
up €604 (+1,133%), from €53 to €658
- Other operating charges +€425
new in 2025: €425
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 | €12,340 | €23,819 | +€11,479 | +93.0% |
| Fixed assets | 21/28 | €4,905 | €15,340 | +€10,435 | +213% |
| Tangible fixed assets | 22/27 | €4,905 | €15,340 | +€10,435 | +213% |
| Land and buildings | 22 | €4,905 | €5,110 | +€205 | +4.2% |
| Plant, machinery and equipment | 23 | - | €7,202 | +€7,202 | |
| Furniture and vehicles | 24 | - | €3,028 | +€3,028 | |
| Current assets | 29/58 | €7,435 | €8,479 | +€1,044 | +14.0% |
| Amounts receivable within one year | 40/41 | €0 | €108 | +€108 | |
| Trade receivables | 40 | €0 | €108 | +€108 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,909 | €8,047 | +€4,139 | +106% |
| Deferred charges and accrued income | 490/1 | €3,526 | €323 | -€3,203 | -90.8% |
| Total equity and liabilities | 10/49 | €12,340 | €23,819 | +€11,479 | +93.0% |
| Equity | 10/15 | €2,346 | -€12,252 | -€14,598 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,044 | €7,044 | = | 0.0% |
| Distributable reserves | 133 | €7,044 | €7,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,698 | -€29,296 | -€14,598 | -99.3% |
| Amounts payable | 17/49 | €9,993 | €36,070 | +€26,077 | +261% |
| Amounts payable after more than one year | 17 | - | €13,781 | +€13,781 | |
| Financial debts | 170/4 | - | €13,781 | +€13,781 | |
| Amounts payable within one year | 42/48 | €9,993 | €22,289 | +€12,296 | +123% |
| Current portion of amounts payable after more than one year | 42 | - | €3,474 | +€3,474 | |
| Trade debts | 44 | €700 | €2,220 | +€1,520 | +217% |
| Suppliers | 440/4 | €700 | €2,220 | +€1,520 | +217% |
| Other amounts payable | 47/48 | €9,293 | €16,596 | +€7,303 | +78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,581 | €3,986 | +€2,405 | +152% |
| Other operating charges | 640/8 | - | €425 | +€425 | |
| Gross operating margin | 9900 | -€8,159 | -€9,569 | -€1,410 | -17.3% |
| Operating profit (loss) | 9901 | -€9,740 | -€13,981 | -€4,240 | -43.5% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €53 | €658 | +€604 | +1,133% |
| Recurring financial charges | 65 | €53 | €658 | +€604 | +1,133% |
| Profit (loss) for the period before taxes | 9903 | -€9,794 | -€14,598 | -€4,804 | -49.1% |
| Profit (loss) for the period | 9904 | -€9,794 | -€14,598 | -€4,804 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,794 | -€14,598 | -€4,804 | -49.1% |
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 29 October 2026 via checked.be.