Carls Business Development: 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.
Carls Business Development
Largest movements
- Cash +€17,715
up €17,715 (+26.4%), from €67,052 to €84,767
mainly Net result for the year (+€29,522) and Depreciation (+€2,506)
- Current investments +€15,400
up €15,400 (+8.3%), from €185,600 to €201,000
- Reserves +€29,522
up €29,522 (+12.0%), from €247,022 to €276,544
- Gross operating margin +€6,665
up €6,665 (+19.1%), from €34,957 to €41,622
- Taxes +€3,943
up €3,943 (+39.0%), from €10,108 to €14,051
- Financial charges -€1,855
down €1,855 (-87.1%), from €2,130 to €275
- Financial income +€1,080
up €1,080 (+23.9%), from €4,526 to €5,606
- Other operating charges -€662
down €662 (-43.1%), from €1,537 to €875
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 | €267,658 | €299,271 | +€31,613 | +11.8% |
| Fixed assets | 21/28 | €11,484 | €8,979 | -€2,506 | -21.8% |
| Tangible fixed assets | 22/27 | €11,484 | €8,979 | -€2,506 | -21.8% |
| Furniture and vehicles | 24 | €2,110 | €833 | -€1,277 | -60.5% |
| Other tangible fixed assets | 26 | €9,374 | €8,145 | -€1,229 | -13.1% |
| Current assets | 29/58 | €256,174 | €290,292 | +€34,119 | +13.3% |
| Amounts receivable within one year | 40/41 | €2,180 | €1,870 | -€310 | -14.2% |
| Trade receivables | 40 | €47 | €0 | -€47 | -100% |
| Other amounts receivable | 41 | €2,133 | €1,870 | -€264 | -12.4% |
| Current investments | 50/53 | €185,600 | €201,000 | +€15,400 | +8.3% |
| Cash at bank and in hand | 54/58 | €67,052 | €84,767 | +€17,715 | +26.4% |
| Deferred charges and accrued income | 490/1 | €1,342 | €2,656 | +€1,314 | +97.9% |
| Total equity and liabilities | 10/49 | €267,658 | €299,271 | +€31,613 | +11.8% |
| Equity | 10/15 | €259,422 | €288,944 | +€29,522 | +11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €247,022 | €276,544 | +€29,522 | +12.0% |
| Distributable reserves | 133 | €247,022 | €276,544 | +€29,522 | +12.0% |
| Amounts payable | 17/49 | €8,236 | €10,327 | +€2,091 | +25.4% |
| Amounts payable within one year | 42/48 | €8,236 | €10,327 | +€2,091 | +25.4% |
| Financial debts | 43 | - | €1,384 | +€1,384 | |
| Credit institutions | 430/8 | - | €1,384 | +€1,384 | |
| Trade debts | 44 | €2,860 | €3,121 | +€261 | +9.1% |
| Suppliers | 440/4 | €2,860 | €3,121 | +€261 | +9.1% |
| Taxes, remuneration and social security | 45 | €5,139 | €5,822 | +€684 | +13.3% |
| Taxes | 450/3 | €5,139 | €5,822 | +€684 | +13.3% |
| Other amounts payable | 47/48 | €237 | €0 | -€237 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €2,506 | -€242 | -8.8% |
| Other operating charges | 640/8 | €1,537 | €875 | -€662 | -43.1% |
| Gross operating margin | 9900 | €34,957 | €41,622 | +€6,665 | +19.1% |
| Operating profit (loss) | 9901 | €30,672 | €38,242 | +€7,569 | +24.7% |
| Financial income | 75/76B | €4,526 | €5,606 | +€1,080 | +23.9% |
| Recurring financial income | 75 | €4,526 | €5,606 | +€1,080 | +23.9% |
| Financial charges | 65/66B | €2,130 | €275 | -€1,855 | -87.1% |
| Recurring financial charges | 65 | €2,130 | €275 | -€1,855 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €33,068 | €43,573 | +€10,505 | +31.8% |
| Income taxes | 67/77 | €10,108 | €14,051 | +€3,943 | +39.0% |
| Profit (loss) for the period | 9904 | €22,960 | €29,522 | +€6,562 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,960 | €29,522 | +€6,562 | +28.6% |
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 31 October 2026 via checked.be.