Carlou: 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.
Carlou
Largest movements
- Tangible fixed assets -€8,086
down €8,086 (-2.1%), from €391,953 to €383,867
- Debts after one year -€18,516
down €18,516 (-4.8%), from €383,022 to €364,507
- Short-term financial debts +€17,390
up €17,390 (+57.2%), from €30,423 to €47,813
- Profit (loss) carried forward -€4,814
down €4,814 (-9.6%), from -€50,133 to -€54,947
- Other operating charges -€838
down €838 (-83.1%), from €1,008 to €170
- Financial charges +€539
up €539 (+4.8%), from €11,188 to €11,727
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 | €394,084 | €388,747 | -€5,337 | -1.4% |
| Fixed assets | 21/28 | €391,953 | €383,867 | -€8,086 | -2.1% |
| Tangible fixed assets | 22/27 | €391,953 | €383,867 | -€8,086 | -2.1% |
| Other tangible fixed assets | 26 | €391,953 | €383,867 | -€8,086 | -2.1% |
| Current assets | 29/58 | €2,131 | €4,880 | +€2,749 | +129% |
| Cash at bank and in hand | 54/58 | €2,131 | €4,880 | +€2,749 | +129% |
| Total equity and liabilities | 10/49 | €394,084 | €388,747 | -€5,337 | -1.4% |
| Equity | 10/15 | -€50,033 | -€54,847 | -€4,814 | -9.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,133 | -€54,947 | -€4,814 | -9.6% |
| Amounts payable | 17/49 | €444,117 | €443,594 | -€524 | -0.1% |
| Amounts payable after more than one year | 17 | €383,022 | €364,507 | -€18,516 | -4.8% |
| Financial debts | 170/4 | €383,022 | €364,507 | -€18,516 | -4.8% |
| Amounts payable within one year | 42/48 | €59,595 | €77,487 | +€17,892 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €18,044 | €18,516 | +€472 | +2.6% |
| Financial debts | 43 | €30,423 | €47,813 | +€17,390 | +57.2% |
| Other loans | 439 | €30,423 | €47,813 | +€17,390 | +57.2% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Other amounts payable | 47/48 | €11,129 | €11,129 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,600 | +€100 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,086 | €8,086 | = | 0.0% |
| Other operating charges | 640/8 | €1,008 | €170 | -€838 | -83.1% |
| Gross operating margin | 9900 | €15,083 | €15,170 | +€87 | +0.6% |
| Operating profit (loss) | 9901 | €5,989 | €6,913 | +€925 | +15.4% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €11,188 | €11,727 | +€539 | +4.8% |
| Recurring financial charges | 65 | €11,188 | €11,727 | +€539 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,179 | -€4,814 | +€365 | +7.1% |
| Profit (loss) for the period | 9904 | -€5,179 | -€4,814 | +€365 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,179 | -€4,814 | +€365 | +7.1% |
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 19 October 2026 via checked.be.