CARLTON: 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.
What changed
CARLTON
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€315,024
2024 · €284,376+€30,648
Equity
€14.5m
2024 · €15.7m-€1.1m
Cash
€63,195
2024 · €29,132+€34,064
Balance sheet total
€20.9m
2024 · €23.9m-€3.0m
Largest movements
Assets
- Receivables within one year -€2.4m
down €2.4m (-21.7%), from €11.1m to €8.7m
of which Other amounts receivable: -€2.5m
- Stocks and contracts -€414,168
down €414,168 (-11.0%), from €3.8m to €3.4m
- Receivables after one year -€255,038
down €255,038 (-12.2%), from €2.1m to €1.8m
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-51.0%), from €3.0m to €1.5m
- Reserves -€1.1m
down €1.1m (-7.4%), from €15.5m to €14.3m
of which Distributable reserves: -€1.1m
- Debts after one year -€254,486
down €254,486 (-12.3%), from €2.1m to €1.8m
of which Financial debts: -€254,486
Income statement
- Goods and materials +€470,679
up €470,679 (+1088.4%), from €43,244 to €513,924
of which Change in stocks: decrease (increase): +€458,566
- Turnover +€421,479
up €421,479 (+154.1%), from €273,542 to €695,021
- Financial charges -€79,720
down €79,720 (-24.9%), from €319,856 to €240,136
- Financial income -€79,061
down €79,061 (-10.4%), from €758,095 to €679,034
- Other operating charges -€58,610
down €58,610 (-49.5%), from €118,492 to €59,882
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.
Result 2024
€284,376
Turnover
+€421,479
Other operating income
-€23,360
Goods and materials
-€470,679
Services and other goods
+€11,540
Staff costs
-€5,046
Depreciation
-€4,741
Write-downs
+€51,171
Other operating charges
+€58,610
Other operating items
+€3,881
Financial income
-€79,061
Financial charges
+€79,720
Taxes
-€12,866
Result 2025
€315,024
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.
From operations
+€1.8m
Investment
-€46,850
Financing
-€1.7m
Cash 2024
€29,132
From operations (derived)
+€1.8m
Net result for the year
+€315,024
Depreciation
+€6,884
Receivables after one year
+€255,038
Stocks and contracts
+€414,168
Receivables within one year
+€2.4m
Deferred charges and accrued income
+€17,667
Trade debts
-€5,250
Tax, wage and social debts
-€74,356
Other debts
-€1.5m
Accrued charges and deferred income
-€61,879
Investment (derived)
-€46,850
Investment in fixed assets (net)
-€46,850
Financing
-€1.7m
Debts after one year
-€254,486
Current portion of long-term debt
+€25,378
Contributions, distributions and other
-€1.5m
Cash 2025
€63,195
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,931,031 | €20,900,463 | -€3.0m | -12.7% |
| Fixed assets | 21/28 | €6,634,671 | €6,674,638 | +€39,967 | +0.6% |
| Tangible fixed assets | 22/27 | €1,724,129 | €1,768,900 | +€44,771 | +2.6% |
| Land and buildings | 22 | €123,678 | €121,810 | -€1,868 | -1.5% |
| Furniture and vehicles | 24 | €451 | €47,090 | +€46,639 | +10332.5% |
| Other tangible fixed assets | 26 | €1,600,000 | €1,600,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,910,542 | €4,905,738 | -€4,804 | -0.1% |
| Companies linked by participating interests | 282/3 | €4,905,738 | €4,905,738 | = | 0.0% |
| Participating interests | 282 | €4,905,738 | €4,905,738 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,804 | €0 | -€4,804 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,804 | €0 | -€4,804 | -100.0% |
| Current assets | 29/58 | €17,296,360 | €14,225,825 | -€3.1m | -17.8% |
| Amounts receivable after more than one year | 29 | €2,092,628 | €1,837,590 | -€255,038 | -12.2% |
| Other amounts receivable | 291 | €2,092,628 | €1,837,590 | -€255,038 | -12.2% |
| Stocks and contracts in progress | 3 | €3,769,248 | €3,355,080 | -€414,168 | -11.0% |
| Stocks | 30/36 | €3,769,248 | €3,355,080 | -€414,168 | -11.0% |
| Property held for sale | 35 | €3,769,248 | €3,355,080 | -€414,168 | -11.0% |
| Amounts receivable within one year | 40/41 | €11,143,473 | €8,725,747 | -€2.4m | -21.7% |
| Trade receivables | 40 | €51,703 | €106,529 | +€54,826 | +106.0% |
| Other amounts receivable | 41 | €11,091,770 | €8,619,219 | -€2.5m | -22.3% |
| Cash at bank and in hand | 54/58 | €29,132 | €63,195 | +€34,064 | +116.9% |
| Deferred charges and accrued income | 490/1 | €261,880 | €244,213 | -€17,667 | -6.7% |
| Total equity and liabilities | 10/49 | €23,931,031 | €20,900,463 | -€3.0m | -12.7% |
| Equity | 10/15 | €15,651,176 | €14,508,200 | -€1.1m | -7.3% |
| Contributions | 10/11 | €185,438 | €185,438 | = | 0.0% |
| Capital | 10 | €185,438 | €185,438 | = | 0.0% |
| Issued capital | 100 | €185,438 | €185,438 | = | 0.0% |
| Reserves | 13 | €15,464,586 | €14,321,586 | -€1.1m | -7.4% |
| Non-distributable reserves | 130/1 | €18,544 | €18,544 | = | 0.0% |
| Legal reserve | 130 | €18,544 | €18,544 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,171,042 | €14,171,042 | = | 0.0% |
| Distributable reserves | 133 | €1,275,000 | €132,000 | -€1.1m | -89.6% |
| Profit (loss) carried forward | 14 | €1,153 | €1,177 | +€24 | +2.1% |
| Amounts payable | 17/49 | €8,279,855 | €6,392,263 | -€1.9m | -22.8% |
| Amounts payable after more than one year | 17 | €2,060,837 | €1,806,351 | -€254,486 | -12.3% |
| Financial debts | 170/4 | €2,054,919 | €1,800,433 | -€254,486 | -12.4% |
| Credit institutions | 173 | €2,054,919 | €1,800,433 | -€254,486 | -12.4% |
| Other amounts payable | 178/9 | €5,918 | €5,918 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,119,873 | €4,548,645 | -€1.6m | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €759,108 | €784,486 | +€25,378 | +3.3% |
| Financial debts | 43 | €2,000,000 | €2,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000,000 | €2,000,000 | = | 0.0% |
| Trade debts | 44 | €27,863 | €22,613 | -€5,250 | -18.8% |
| Suppliers | 440/4 | €27,863 | €22,613 | -€5,250 | -18.8% |
| Taxes, remuneration and social security | 45 | €357,903 | €283,547 | -€74,356 | -20.8% |
| Taxes | 450/3 | €344,617 | €270,205 | -€74,412 | -21.6% |
| Remuneration and social security | 454/9 | €13,286 | €13,342 | +€56 | +0.4% |
| Other amounts payable | 47/48 | €2,975,000 | €1,458,000 | -€1.5m | -51.0% |
| Accrued charges and deferred income | 492/3 | €99,145 | €37,266 | -€61,879 | -62.4% |
| Operating income | 70/76A | €534,403 | €936,403 | +€402,000 | +75.2% |
| Turnover | 70 | €273,542 | €695,021 | +€421,479 | +154.1% |
| Other operating income | 74 | €242,767 | €219,407 | -€23,360 | -9.6% |
| Non-recurring operating income | 76A | €18,094 | €21,975 | +€3,881 | +21.5% |
| Operating charges | 60/66A | €593,982 | €953,127 | +€359,145 | +60.5% |
| Goods for resale, raw materials and consumables | 60 | €43,244 | €513,924 | +€470,679 | +1088.4% |
| Purchases | 600/8 | €4,281 | €16,394 | +€12,113 | +283.0% |
| Change in stocks: decrease (increase) | 609 | €38,964 | €497,530 | +€458,566 | +1176.9% |
| Services and other goods | 61 | €92,567 | €81,027 | -€11,540 | -12.5% |
| Remuneration, social security and pensions | 62 | €146,420 | €151,466 | +€5,046 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,143 | €6,884 | +€4,741 | +221.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €191,115 | €139,944 | -€51,171 | -26.8% |
| Other operating charges | 640/8 | €118,492 | €59,882 | -€58,610 | -49.5% |
| Operating profit (loss) | 9901 | -€59,579 | -€16,724 | +€42,855 | +71.9% |
| Financial income | 75/76B | €758,095 | €679,034 | -€79,061 | -10.4% |
| Recurring financial income | 75 | €758,095 | €679,034 | -€79,061 | -10.4% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €758,095 | €678,888 | -€79,207 | -10.4% |
| Other financial income | 752/9 | €0 | €146 | +€146 | |
| Financial charges | 65/66B | €319,856 | €240,136 | -€79,720 | -24.9% |
| Recurring financial charges | 65 | €319,856 | €240,136 | -€79,720 | -24.9% |
| Debt charges | 650 | €317,206 | €233,766 | -€83,441 | -26.3% |
| Other financial charges | 652/9 | €2,650 | €6,370 | +€3,721 | +140.4% |
| Profit (loss) for the period before taxes | 9903 | €378,660 | €422,174 | +€43,514 | +11.5% |
| Income taxes | 67/77 | €94,284 | €107,150 | +€12,866 | +13.6% |
| Taxes | 670/3 | €95,000 | €107,300 | +€12,300 | +12.9% |
| Tax adjustments and reversals of tax provisions | 77 | €716 | €150 | -€566 | -79.1% |
| Profit (loss) for the period | 9904 | €284,376 | €315,024 | +€30,648 | +10.8% |
| Transfer to tax-exempt reserves | 689 | €28,099 | €0 | -€28,099 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €256,277 | €315,024 | +€58,747 | +22.9% |
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.