CARMANT: 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.
CARMANT
Largest movements
- Cash +€135,004
up €135,004 (+143.4%), from €94,171 to €229,175
mainly Trade debts (+€123,381) and Receivables within one year (+€87,813)
- Receivables within one year -€87,813
down €87,813 (-19.3%), from €455,202 to €367,390
of which Trade receivables: -€118,280
- Trade debts +€123,381
up €123,381 (+68.3%), from €180,639 to €304,019
- Profit (loss) carried forward +€60,533
up €60,533 (+1521.5%), from €3,979 to €64,511
- Short-term financial debts -€41,932
down €41,932 (-9.8%), from €427,075 to €385,143
- Reserves -€35,000
down €35,000 (-4.7%), from €748,000 to €713,000
of which Distributable reserves: -€35,000
- Tax, wage and social debts -€32,422
down €32,422 (-62.4%), from €51,940 to €19,518
of which Taxes: -€22,454
- Gross operating margin -€85,738
down €85,738 (-16.3%), from €524,848 to €439,110
- Taxes -€29,663
down €29,663 (-54.8%), from €54,176 to €24,512
- Staff costs +€12,479
up €12,479 (+5.9%), from €213,156 to €225,635
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,819,735 | €1,858,065 | +€38,330 | +2.1% |
| Fixed assets | 21/28 | €905,364 | €889,865 | -€15,499 | -1.7% |
| Tangible fixed assets | 22/27 | €292,155 | €276,657 | -€15,499 | -5.3% |
| Land and buildings | 22 | €140,481 | €124,093 | -€16,388 | -11.7% |
| Plant, machinery and equipment | 23 | - | €3,000 | +€3,000 | |
| Furniture and vehicles | 24 | €151,674 | €149,563 | -€2,111 | -1.4% |
| Financial fixed assets | 28 | €613,208 | €613,208 | = | 0.0% |
| Current assets | 29/58 | €914,372 | €968,200 | +€53,829 | +5.9% |
| Stocks and contracts in progress | 3 | €364,998 | €364,717 | -€281 | -0.1% |
| Stocks | 30/36 | €364,998 | €364,717 | -€281 | -0.1% |
| Amounts receivable within one year | 40/41 | €455,202 | €367,390 | -€87,813 | -19.3% |
| Trade receivables | 40 | €453,390 | €335,110 | -€118,280 | -26.1% |
| Other amounts receivable | 41 | €1,813 | €32,280 | +€30,467 | +1680.6% |
| Cash at bank and in hand | 54/58 | €94,171 | €229,175 | +€135,004 | +143.4% |
| Deferred charges and accrued income | 490/1 | - | €6,918 | +€6,918 | |
| Total equity and liabilities | 10/49 | €1,819,735 | €1,858,065 | +€38,330 | +2.1% |
| Equity | 10/15 | €851,979 | €877,511 | +€25,533 | +3.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €748,000 | €713,000 | -€35,000 | -4.7% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €738,000 | €703,000 | -€35,000 | -4.7% |
| Profit (loss) carried forward | 14 | €3,979 | €64,511 | +€60,533 | +1521.5% |
| Amounts payable | 17/49 | €967,757 | €980,554 | +€12,797 | +1.3% |
| Amounts payable after more than one year | 17 | €222,612 | €194,426 | -€28,186 | -12.7% |
| Financial debts | 170/4 | €222,612 | €194,426 | -€28,186 | -12.7% |
| Amounts payable within one year | 42/48 | €741,381 | €786,128 | +€44,746 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €47,761 | €58,930 | +€11,169 | +23.4% |
| Financial debts | 43 | €427,075 | €385,143 | -€41,932 | -9.8% |
| Credit institutions | 430/8 | €427,075 | €385,143 | -€41,932 | -9.8% |
| Trade debts | 44 | €180,639 | €304,019 | +€123,381 | +68.3% |
| Suppliers | 440/4 | €180,639 | €304,019 | +€123,381 | +68.3% |
| Advances received on contracts in progress | 46 | €1,500 | - | -€1,500 | |
| Taxes, remuneration and social security | 45 | €51,940 | €19,518 | -€32,422 | -62.4% |
| Taxes | 450/3 | €29,300 | €6,847 | -€22,454 | -76.6% |
| Remuneration and social security | 454/9 | €22,640 | €12,671 | -€9,969 | -44.0% |
| Other amounts payable | 47/48 | €32,466 | €18,518 | -€13,949 | -43.0% |
| Accrued charges and deferred income | 492/3 | €3,763 | - | -€3,763 | |
| Non-recurring operating income | 76A | €110 | - | -€110 | |
| Remuneration, social security and pensions | 62 | €213,156 | €225,635 | +€12,479 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,022 | €61,067 | -€1,955 | -3.1% |
| Other operating charges | 640/8 | €6,188 | €3,636 | -€2,552 | -41.2% |
| Non-recurring operating charges | 66A | - | €229 | +€229 | |
| Gross operating margin | 9900 | €524,848 | €439,110 | -€85,738 | -16.3% |
| Operating profit (loss) | 9901 | €242,481 | €148,543 | -€93,938 | -38.7% |
| Financial income | 75/76B | €4,101 | €1,902 | -€2,199 | -53.6% |
| Recurring financial income | 75 | €4,101 | €1,902 | -€2,199 | -53.6% |
| Non-recurring financial income | 76B | - | €1,902 | +€1,902 | |
| Financial charges | 65/66B | €68,335 | €65,400 | -€2,935 | -4.3% |
| Recurring financial charges | 65 | €68,335 | €65,400 | -€2,935 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €178,247 | €85,045 | -€93,201 | -52.3% |
| Income taxes | 67/77 | €54,176 | €24,512 | -€29,663 | -54.8% |
| Profit (loss) for the period | 9904 | €124,071 | €60,533 | -€63,538 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €124,071 | €60,533 | -€63,538 | -51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.