CARMANCAR: 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.
CARMANCAR
Largest movements
- Cash +€39,608
up €39,608 (+266%), from €14,889 to €54,498
mainly Stocks and contracts (+€30,545) and Net result for the year (+€18,258)
- Stocks and contracts -€30,545
down €30,545 (-46.4%), from €65,778 to €35,233
- Receivables within one year +€13,618
up €13,618 (+40.3%), from €33,763 to €47,381
of which Trade receivables: +€19,264
- Reserves +€18,258
up €18,258 (+56.8%), from €32,124 to €50,382
of which Distributable reserves: +€18,258
- Tax, wage and social debts +€11,318
up €11,318 (+157%), from €7,186 to €18,504
of which Taxes: +€12,255
- Other debts -€8,390
down €8,390 (-15.1%), from €55,402 to €47,012
- Staff costs +€43,167
up €43,167 (+131%), from €33,017 to €76,185
- Taxes +€23,142
new in 2025: €23,142
- Gross operating margin +€10,047
up €10,047 (+9.0%), from €112,185 to €122,232
- Financial charges +€3,600
up €3,600 (+684%), from €527 to €4,127
- Other operating charges -€2,003
no longer reported in 2025 (was €2,003)
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 | €115,450 | €137,112 | +€21,662 | +18.8% |
| Fixed assets | 21/28 | €520 | - | -€520 | |
| Tangible fixed assets | 22/27 | €520 | - | -€520 | |
| Plant, machinery and equipment | 23 | €520 | - | -€520 | |
| Current assets | 29/58 | €114,930 | €137,112 | +€22,182 | +19.3% |
| Stocks and contracts in progress | 3 | €65,778 | €35,233 | -€30,545 | -46.4% |
| Stocks | 30/36 | €65,778 | €35,233 | -€30,545 | -46.4% |
| Amounts receivable within one year | 40/41 | €33,763 | €47,381 | +€13,618 | +40.3% |
| Trade receivables | 40 | €26,424 | €45,688 | +€19,264 | +72.9% |
| Other amounts receivable | 41 | €7,339 | €1,693 | -€5,646 | -76.9% |
| Cash at bank and in hand | 54/58 | €14,889 | €54,498 | +€39,608 | +266% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €115,450 | €137,112 | +€21,662 | +18.8% |
| Equity | 10/15 | €51,124 | €69,382 | +€18,258 | +35.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €32,124 | €50,382 | +€18,258 | +56.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €30,224 | €48,482 | +€18,258 | +60.4% |
| Amounts payable | 17/49 | €64,326 | €67,730 | +€3,404 | +5.3% |
| Amounts payable within one year | 42/48 | €64,326 | €67,730 | +€3,404 | +5.3% |
| Trade debts | 44 | €1,738 | €2,214 | +€477 | +27.4% |
| Suppliers | 440/4 | €1,738 | €2,214 | +€477 | +27.4% |
| Taxes, remuneration and social security | 45 | €7,186 | €18,504 | +€11,318 | +157% |
| Taxes | 450/3 | - | €12,255 | +€12,255 | |
| Remuneration and social security | 454/9 | €7,186 | €6,249 | -€938 | -13.0% |
| Other amounts payable | 47/48 | €55,402 | €47,012 | -€8,390 | -15.1% |
| Non-recurring operating income | 76A | - | €257 | +€257 | |
| Remuneration, social security and pensions | 62 | €33,017 | €76,185 | +€43,167 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €520 | = | 0.0% |
| Other operating charges | 640/8 | €2,003 | - | -€2,003 | |
| Gross operating margin | 9900 | €112,185 | €122,232 | +€10,047 | +9.0% |
| Operating profit (loss) | 9901 | €76,645 | €45,527 | -€31,117 | -40.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €527 | €4,127 | +€3,600 | +684% |
| Recurring financial charges | 65 | €527 | €4,127 | +€3,600 | +684% |
| Profit (loss) for the period before taxes | 9903 | €76,119 | €41,400 | -€34,718 | -45.6% |
| Income taxes | 67/77 | - | €23,142 | +€23,142 | |
| Profit (loss) for the period | 9904 | €76,119 | €18,258 | -€57,861 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,119 | €18,258 | -€57,861 | -76.0% |
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 24 October 2026 via checked.be.