CARLU SYLVIE: 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.
CARLU SYLVIE
Largest movements
- Receivables within one year -€7,567
down €7,567 (-6.2%), from €121,272 to €113,704
of which Other amounts receivable: -€98,219
- Tangible fixed assets -€4,505
down €4,505 (-3.9%), from €114,762 to €110,257
of which Other tangible fixed assets: -€8,128
- Intangible fixed assets -€3,219
no longer reported in 2025 (was €3,219)
- Debts after one year -€13,834
down €13,834 (-16.4%), from €84,425 to €70,591
- Other debts -€10,494
down €10,494 (-76.8%), from €13,664 to €3,170
- Reserves +€5,840
up €5,840 (+3.9%), from €149,227 to €155,067
of which Distributable reserves: +€5,840
- Tax, wage and social debts +€3,301
up €3,301 (+39.1%), from €8,434 to €11,736
- Gross operating margin +€12,613
up €12,613 (+62.9%), from €20,054 to €32,667
- Depreciation -€8,831
down €8,831 (-41.2%), from €21,409 to €12,578
- Financial charges +€3,202
up €3,202 (+107%), from €3,006 to €6,208
- Taxes +€3,110
up €3,110 (+1,414%), from €220 to €3,330
- Other operating charges +€637
up €637 (+15.3%), from €4,170 to €4,807
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 | €295,291 | €281,917 | -€13,374 | -4.5% |
| Fixed assets | 21/28 | €118,161 | €110,437 | -€7,724 | -6.5% |
| Intangible fixed assets | 21 | €3,219 | - | -€3,219 | |
| Tangible fixed assets | 22/27 | €114,762 | €110,257 | -€4,505 | -3.9% |
| Furniture and vehicles | 24 | €0 | €3,623 | +€3,623 | |
| Other tangible fixed assets | 26 | €114,762 | €106,634 | -€8,128 | -7.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €177,130 | €171,480 | -€5,650 | -3.2% |
| Amounts receivable within one year | 40/41 | €121,272 | €113,704 | -€7,567 | -6.2% |
| Trade receivables | 40 | €23,052 | €113,704 | +€90,652 | +393% |
| Other amounts receivable | 41 | €98,219 | - | -€98,219 | |
| Cash at bank and in hand | 54/58 | €55,859 | €55,946 | +€88 | +0.2% |
| Deferred charges and accrued income | 490/1 | - | €1,830 | +€1,830 | |
| Total equity and liabilities | 10/49 | €295,291 | €281,917 | -€13,374 | -4.5% |
| Equity | 10/15 | €161,627 | €167,467 | +€5,840 | +3.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €149,227 | €155,067 | +€5,840 | +3.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €147,227 | €153,067 | +€5,840 | +4.0% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €133,665 | €114,450 | -€19,214 | -14.4% |
| Amounts payable after more than one year | 17 | €84,425 | €70,591 | -€13,834 | -16.4% |
| Financial debts | 170/4 | €84,425 | €70,591 | -€13,834 | -16.4% |
| Amounts payable within one year | 42/48 | €49,240 | €43,860 | -€5,380 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €13,581 | €13,855 | +€274 | +2.0% |
| Trade debts | 44 | €13,561 | €15,099 | +€1,538 | +11.3% |
| Suppliers | 440/4 | €13,561 | €15,099 | +€1,538 | +11.3% |
| Taxes, remuneration and social security | 45 | €8,434 | €11,736 | +€3,301 | +39.1% |
| Taxes | 450/3 | €8,434 | €11,736 | +€3,301 | +39.1% |
| Other amounts payable | 47/48 | €13,664 | €3,170 | -€10,494 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,409 | €12,578 | -€8,831 | -41.2% |
| Other operating charges | 640/8 | €4,170 | €4,807 | +€637 | +15.3% |
| Gross operating margin | 9900 | €20,054 | €32,667 | +€12,613 | +62.9% |
| Operating profit (loss) | 9901 | -€5,526 | €15,282 | +€20,807 | |
| Financial income | 75/76B | €0 | €96 | +€96 | +481,600% |
| Recurring financial income | 75 | €0 | €96 | +€96 | +481,600% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,006 | €6,208 | +€3,202 | +107% |
| Recurring financial charges | 65 | €3,006 | €6,208 | +€3,202 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€8,531 | €9,170 | +€17,702 | |
| Income taxes | 67/77 | €220 | €3,330 | +€3,110 | +1,414% |
| Profit (loss) for the period | 9904 | -€8,751 | €5,840 | +€14,591 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,751 | €5,840 | +€14,591 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.