CARMEL V.C.: 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.
CARMEL V.C.
Largest movements
- Receivables within one year +€95,388
up €95,388 (+39.9%), from €239,190 to €334,578
of which Other amounts receivable: +€86,811
- Reserves +€77,902
up €77,902 (+44.7%), from €174,257 to €252,160
of which Distributable reserves: +€77,902
- Tax, wage and social debts +€13,497
up €13,497 (+62.5%), from €21,581 to €35,078
- Trade debts +€4,573
up €4,573, from €0 to €4,573
- Gross operating margin -€26,267
down €26,267 (-20.3%), from €129,651 to €103,384
- Taxes -€8,779
down €8,779 (-18.7%), from €46,851 to €38,072
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 | €281,546 | €377,517 | +€95,971 | +34.1% |
| Fixed assets | 21/28 | €937 | €848 | -€89 | -9.5% |
| Tangible fixed assets | 22/27 | €937 | €848 | -€89 | -9.5% |
| Furniture and vehicles | 24 | €937 | €848 | -€89 | -9.5% |
| Current assets | 29/58 | €280,609 | €376,669 | +€96,061 | +34.2% |
| Amounts receivable within one year | 40/41 | €239,190 | €334,578 | +€95,388 | +39.9% |
| Trade receivables | 40 | €10,914 | €19,491 | +€8,577 | +78.6% |
| Other amounts receivable | 41 | €228,277 | €315,087 | +€86,811 | +38.0% |
| Cash at bank and in hand | 54/58 | €41,418 | €42,091 | +€673 | +1.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €281,546 | €377,517 | +€95,971 | +34.1% |
| Equity | 10/15 | €259,965 | €337,867 | +€77,902 | +30.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €174,257 | €252,160 | +€77,902 | +44.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €168,057 | €245,960 | +€77,902 | +46.4% |
| Profit (loss) carried forward | 14 | €23,707 | €23,707 | = | 0.0% |
| Amounts payable | 17/49 | €21,581 | €39,650 | +€18,069 | +83.7% |
| Amounts payable within one year | 42/48 | €21,581 | €39,650 | +€18,069 | +83.7% |
| Trade debts | 44 | €0 | €4,573 | +€4,573 | |
| Suppliers | 440/4 | €0 | €4,573 | +€4,573 | |
| Taxes, remuneration and social security | 45 | €21,581 | €35,078 | +€13,497 | +62.5% |
| Taxes | 450/3 | €21,581 | €35,078 | +€13,497 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €1,156 | -€844 | -42.2% |
| Other operating charges | 640/8 | €620 | €636 | +€16 | +2.6% |
| Gross operating margin | 9900 | €129,651 | €103,384 | -€26,267 | -20.3% |
| Operating profit (loss) | 9901 | €127,031 | €101,592 | -€25,440 | -20.0% |
| Financial income | 75/76B | €14,145 | €14,712 | +€566 | +4.0% |
| Recurring financial income | 75 | €14,145 | €14,712 | +€566 | +4.0% |
| Financial charges | 65/66B | €382 | €329 | -€53 | -13.9% |
| Recurring financial charges | 65 | €382 | €329 | -€53 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €140,794 | €115,974 | -€24,820 | -17.6% |
| Income taxes | 67/77 | €46,851 | €38,072 | -€8,779 | -18.7% |
| Profit (loss) for the period | 9904 | €93,943 | €77,902 | -€16,041 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,943 | €77,902 | -€16,041 | -17.1% |
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 16 October 2026 via checked.be.