CARMATMEAT: 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.
CARMATMEAT
Largest movements
- Receivables within one year +€109,188
up €109,188 (+35.9%), from €304,162 to €413,350
of which Trade receivables: +€126,647
- Cash +€51,689
up €51,689 (+118.0%), from €43,786 to €95,475
mainly Net result for the year (+€158,571) and Depreciation (+€114,252)
- Tangible fixed assets -€27,389
down €27,389 (-5.9%), from €463,979 to €436,590
of which Land and buildings: -€61,886
- Stocks and contracts +€11,832
up €11,832 (+160.3%), from €7,380 to €19,212
- Contributions -€66,000
down €66,000 (-33.0%), from €200,000 to €134,000
- Profit (loss) carried forward +€65,571
up €65,571 (+69.3%), from €94,591 to €160,162
- Other debts +€54,798
up €54,798 (+1190.6%), from €4,602 to €59,401
- Trade debts +€40,177
up €40,177 (+16.2%), from €248,567 to €288,744
- Short-term financial debts +€33,379
up €33,379 (+175.0%), from €19,078 to €52,457
- Gross operating margin +€235,248
up €235,248 (+65.8%), from €357,729 to €592,977
- Staff costs +€71,928
up €71,928 (+45.3%), from €158,752 to €230,680
- Taxes +€39,233
up €39,233 (+175.4%), from €22,372 to €61,605
- Depreciation +€28,564
up €28,564 (+33.3%), from €85,688 to €114,252
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 | €826,335 | €980,033 | +€153,698 | +18.6% |
| Fixed assets | 21/28 | €464,637 | €437,248 | -€27,389 | -5.9% |
| Tangible fixed assets | 22/27 | €463,979 | €436,590 | -€27,389 | -5.9% |
| Land and buildings | 22 | €317,282 | €255,396 | -€61,886 | -19.5% |
| Plant, machinery and equipment | 23 | €5,443 | €11,008 | +€5,565 | +102.2% |
| Furniture and vehicles | 24 | €385 | €21,519 | +€21,135 | +5494.4% |
| Leasing and similar rights | 25 | €140,869 | €148,666 | +€7,797 | +5.5% |
| Financial fixed assets | 28 | €658 | €658 | = | 0.0% |
| Current assets | 29/58 | €361,699 | €542,786 | +€181,087 | +50.1% |
| Stocks and contracts in progress | 3 | €7,380 | €19,212 | +€11,832 | +160.3% |
| Stocks | 30/36 | €7,380 | €19,212 | +€11,832 | +160.3% |
| Amounts receivable within one year | 40/41 | €304,162 | €413,350 | +€109,188 | +35.9% |
| Trade receivables | 40 | €262,264 | €388,911 | +€126,647 | +48.3% |
| Other amounts receivable | 41 | €41,897 | €24,439 | -€17,458 | -41.7% |
| Cash at bank and in hand | 54/58 | €43,786 | €95,475 | +€51,689 | +118.0% |
| Deferred charges and accrued income | 490/1 | €6,371 | €14,749 | +€8,379 | +131.5% |
| Total equity and liabilities | 10/49 | €826,335 | €980,033 | +€153,698 | +18.6% |
| Equity | 10/15 | €294,591 | €294,162 | -€429 | -0.1% |
| Contributions | 10/11 | €200,000 | €134,000 | -€66,000 | -33.0% |
| Profit (loss) carried forward | 14 | €94,591 | €160,162 | +€65,571 | +69.3% |
| Amounts payable | 17/49 | €531,744 | €685,871 | +€154,127 | +29.0% |
| Amounts payable after more than one year | 17 | €170,284 | €172,405 | +€2,122 | +1.2% |
| Financial debts | 170/4 | €170,284 | €172,405 | +€2,122 | +1.2% |
| Amounts payable within one year | 42/48 | €361,461 | €513,466 | +€152,005 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €63,613 | €68,623 | +€5,010 | +7.9% |
| Financial debts | 43 | €19,078 | €52,457 | +€33,379 | +175.0% |
| Credit institutions | 430/8 | €19,078 | €52,457 | +€33,379 | +175.0% |
| Trade debts | 44 | €248,567 | €288,744 | +€40,177 | +16.2% |
| Suppliers | 440/4 | €248,567 | €288,744 | +€40,177 | +16.2% |
| Taxes, remuneration and social security | 45 | €25,600 | €44,242 | +€18,642 | +72.8% |
| Taxes | 450/3 | €8,417 | €16,597 | +€8,179 | +97.2% |
| Remuneration and social security | 454/9 | €17,183 | €27,645 | +€10,462 | +60.9% |
| Other amounts payable | 47/48 | €4,602 | €59,401 | +€54,798 | +1190.6% |
| Non-recurring operating income | 76A | €12,610 | €413 | -€12,197 | -96.7% |
| Remuneration, social security and pensions | 62 | €158,752 | €230,680 | +€71,928 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,688 | €114,252 | +€28,564 | +33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,480 | - | +€3,480 | |
| Other operating charges | 640/8 | €19,953 | €18,699 | -€1,254 | -6.3% |
| Gross operating margin | 9900 | €357,729 | €592,977 | +€235,248 | +65.8% |
| Operating profit (loss) | 9901 | €96,816 | €229,345 | +€132,529 | +136.9% |
| Financial income | 75/76B | €40 | €33 | -€6 | -16.3% |
| Recurring financial income | 75 | €40 | €33 | -€6 | -16.3% |
| Financial charges | 65/66B | €6,224 | €9,203 | +€2,979 | +47.9% |
| Recurring financial charges | 65 | €6,224 | €9,203 | +€2,979 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | €90,632 | €220,176 | +€129,544 | +142.9% |
| Income taxes | 67/77 | €22,372 | €61,605 | +€39,233 | +175.4% |
| Profit (loss) for the period | 9904 | €68,260 | €158,571 | +€90,311 | +132.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,260 | €158,571 | +€90,311 | +132.3% |
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.