CARMAT: 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.
CARMAT
Largest movements
- Cash +€563,373
up €563,373 (+1302.7%), from €43,247 to €606,620
mainly Net result for the year (+€481,292) and Receivables within one year (+€208,613)
- Receivables within one year -€208,613
down €208,613 (-25.6%), from €815,125 to €606,512
of which Trade receivables: -€399,726
- Reserves +€481,292
up €481,292 (+31.1%), from €1.6m to €2.0m
- Tax, wage and social debts -€120,490
down €120,490 (-79.4%), from €151,773 to €31,283
- Turnover +€54,000
up €54,000 (+5.3%), from €1.0m to €1.1m
- Taxes +€12,557
up €12,557 (+8.3%), from €151,279 to €163,837
of which Taxes: +€7,219
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,714,163 | €3,062,990 | +€348,827 | +12.9% |
| Fixed assets | 21/28 | €1,840,264 | €1,840,264 | = | 0.0% |
| Financial fixed assets | 28 | €1,840,264 | €1,840,264 | = | 0.0% |
| Affiliated companies | 280/1 | €1,840,264 | €1,840,264 | = | 0.0% |
| Participating interests | 280 | €1,840,264 | €1,840,264 | = | 0.0% |
| Current assets | 29/58 | €873,899 | €1,222,726 | +€348,827 | +39.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €815,125 | €606,512 | -€208,613 | -25.6% |
| Trade receivables | 40 | €600,000 | €200,274 | -€399,726 | -66.6% |
| Other amounts receivable | 41 | €215,125 | €406,238 | +€191,113 | +88.8% |
| Cash at bank and in hand | 54/58 | €43,247 | €606,620 | +€563,373 | +1302.7% |
| Deferred charges and accrued income | 490/1 | €15,528 | €9,594 | -€5,934 | -38.2% |
| Total equity and liabilities | 10/49 | €2,714,163 | €3,062,990 | +€348,827 | +12.9% |
| Equity | 10/15 | €1,556,227 | €2,037,518 | +€481,292 | +30.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,550,027 | €2,031,318 | +€481,292 | +31.1% |
| Distributable reserves | 133 | €1,550,027 | €2,031,318 | +€481,292 | +31.1% |
| Amounts payable | 17/49 | €1,157,937 | €1,025,472 | -€132,465 | -11.4% |
| Amounts payable within one year | 42/48 | €1,149,775 | €1,017,310 | -€132,465 | -11.5% |
| Trade debts | 44 | €11,975 | €0 | -€11,975 | -100.0% |
| Suppliers | 440/4 | €11,975 | €0 | -€11,975 | -100.0% |
| Taxes, remuneration and social security | 45 | €151,773 | €31,283 | -€120,490 | -79.4% |
| Taxes | 450/3 | €151,773 | €31,283 | -€120,490 | -79.4% |
| Other amounts payable | 47/48 | €986,027 | €986,027 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,162 | €8,162 | = | 0.0% |
| Operating income | 70/76A | €1,026,000 | €1,080,000 | +€54,000 | +5.3% |
| Turnover | 70 | €1,026,000 | €1,080,000 | +€54,000 | +5.3% |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €393,797 | €399,166 | +€5,369 | +1.4% |
| Services and other goods | 61 | €392,178 | €398,024 | +€5,846 | +1.5% |
| Other operating charges | 640/8 | €1,619 | €1,143 | -€477 | -29.4% |
| Operating profit (loss) | 9901 | €632,203 | €680,834 | +€48,631 | +7.7% |
| Financial income | 75/76B | €4,984 | €11,114 | +€6,130 | +123.0% |
| Recurring financial income | 75 | €4,984 | €11,114 | +€6,130 | +123.0% |
| Income from current assets | 751 | €4,926 | €11,113 | +€6,188 | +125.6% |
| Other financial income | 752/9 | €58 | €0 | -€58 | -99.8% |
| Financial charges | 65/66B | €46,797 | €46,819 | +€22 | 0.0% |
| Recurring financial charges | 65 | €46,797 | €46,819 | +€22 | 0.0% |
| Debt charges | 650 | €46,639 | €46,639 | +€0 | 0.0% |
| Other financial charges | 652/9 | €158 | €180 | +€22 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €590,390 | €645,128 | +€54,739 | +9.3% |
| Income taxes | 67/77 | €151,279 | €163,837 | +€12,557 | +8.3% |
| Taxes | 670/3 | €156,617 | €163,837 | +€7,219 | +4.6% |
| Tax adjustments and reversals of tax provisions | 77 | €5,338 | €0 | -€5,338 | -100.0% |
| Profit (loss) for the period | 9904 | €439,110 | €481,292 | +€42,181 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €439,110 | €481,292 | +€42,181 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.