CARMEDIS: 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.
CARMEDIS
Largest movements
- Current investments +€141,671
up €141,671 (+27.0%), from €525,000 to €666,671
- Tangible fixed assets -€19,976
down €19,976 (-17.9%), from €111,792 to €91,816
of which Furniture and vehicles: -€17,013
- Cash -€14,079
down €14,079 (-7.7%), from €183,390 to €169,311
mainly Contributions, distributions and other (-€320,500) and Current investments (-€141,671)
- Other debts +€320,500
new in 2025: €320,500
- Reserves -€181,500
down €181,500 (-23.7%), from €764,860 to €583,360
- Tax, wage and social debts -€27,400
no longer reported in 2025 (was €27,400)
- Gross operating margin -€241,032
down €241,032 (-43.2%), from €558,517 to €317,485
- Taxes -€67,156
down €67,156 (-54.4%), from €123,344 to €56,188
- Financial income +€21,741
up €21,741 (+1099.6%), from €1,977 to €23,718
- Financial charges -€14,693
down €14,693 (-10.8%), from €135,958 to €121,265
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 | €918,002 | €1,025,277 | +€107,275 | +11.7% |
| Fixed assets | 21/28 | €111,792 | €91,816 | -€19,976 | -17.9% |
| Tangible fixed assets | 22/27 | €111,792 | €91,816 | -€19,976 | -17.9% |
| Land and buildings | 22 | €40,084 | €37,290 | -€2,794 | -7.0% |
| Plant, machinery and equipment | 23 | €169 | - | -€169 | |
| Furniture and vehicles | 24 | €71,539 | €54,526 | -€17,013 | -23.8% |
| Current assets | 29/58 | €806,210 | €933,461 | +€127,251 | +15.8% |
| Amounts receivable within one year | 40/41 | €95,402 | €95,536 | +€134 | +0.1% |
| Trade receivables | 40 | €60,553 | €61,660 | +€1,107 | +1.8% |
| Other amounts receivable | 41 | €34,849 | €33,876 | -€973 | -2.8% |
| Current investments | 50/53 | €525,000 | €666,671 | +€141,671 | +27.0% |
| Cash at bank and in hand | 54/58 | €183,390 | €169,311 | -€14,079 | -7.7% |
| Deferred charges and accrued income | 490/1 | €2,419 | €1,943 | -€475 | -19.7% |
| Total equity and liabilities | 10/49 | €918,002 | €1,025,277 | +€107,275 | +11.7% |
| Equity | 10/15 | €878,826 | €697,870 | -€180,957 | -20.6% |
| Contributions | 10/11 | €112,400 | €112,400 | = | 0.0% |
| Reserves | 13 | €764,860 | €583,360 | -€181,500 | -23.7% |
| Distributable reserves | 133 | €764,860 | €583,360 | -€181,500 | -23.7% |
| Profit (loss) carried forward | 14 | €1,566 | €2,110 | +€543 | +34.7% |
| Amounts payable | 17/49 | €39,176 | €327,408 | +€288,232 | +735.7% |
| Amounts payable within one year | 42/48 | €39,165 | €327,396 | +€288,231 | +735.9% |
| Trade debts | 44 | €11,765 | €6,896 | -€4,869 | -41.4% |
| Suppliers | 440/4 | €11,765 | €6,896 | -€4,869 | -41.4% |
| Taxes, remuneration and social security | 45 | €27,400 | - | -€27,400 | |
| Taxes | 450/3 | €27,400 | - | -€27,400 | |
| Other amounts payable | 47/48 | - | €320,500 | +€320,500 | |
| Accrued charges and deferred income | 492/3 | €11 | €12 | +€1 | +9.1% |
| Non-recurring operating income | 76A | €192,753 | - | -€192,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,976 | €19,976 | +€0 | 0.0% |
| Other operating charges | 640/8 | €6,579 | €4,231 | -€2,348 | -35.7% |
| Gross operating margin | 9900 | €558,517 | €317,485 | -€241,032 | -43.2% |
| Operating profit (loss) | 9901 | €531,962 | €293,278 | -€238,684 | -44.9% |
| Financial income | 75/76B | €1,977 | €23,718 | +€21,741 | +1099.6% |
| Recurring financial income | 75 | €1,977 | €23,718 | +€21,741 | +1099.6% |
| Financial charges | 65/66B | €135,958 | €121,265 | -€14,693 | -10.8% |
| Recurring financial charges | 65 | €135,958 | €121,265 | -€14,693 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €397,981 | €195,731 | -€202,250 | -50.8% |
| Income taxes | 67/77 | €123,344 | €56,188 | -€67,156 | -54.4% |
| Profit (loss) for the period | 9904 | €274,637 | €139,543 | -€135,094 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €274,637 | €139,543 | -€135,094 | -49.2% |
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 9 October 2026 via checked.be.