CARMI: 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.
CARMI
Largest movements
- Tangible fixed assets -€16,687
down €16,687 (-57.3%), from €29,122 to €12,435
of which Land and buildings: -€14,837
- Cash +€9,618
up €9,618 (+41.7%), from €23,062 to €32,680
mainly Depreciation (+€20,344) and Debts after one year (+€15,773)
- Receivables within one year -€3,728
down €3,728 (-12.6%), from €29,603 to €25,875
of which Other amounts receivable: -€2,797
- Trade debts -€15,906
down €15,906 (-64.1%), from €24,799 to €8,893
- Debts after one year +€15,773
up €15,773 (+142.4%), from €11,079 to €26,853
- Current portion of long-term debt -€6,606
down €6,606 (-25.0%), from €26,455 to €19,849
- Other debts -€4,094
down €4,094 (-25.3%), from €16,159 to €12,065
- Tax, wage and social debts +€2,314
up €2,314 (+29.9%), from €7,726 to €10,039
of which Taxes: +€2,314
- Gross operating margin -€20,366
down €20,366 (-43.1%), from €47,226 to €26,860
- Financial charges +€2,455
up €2,455 (+240.9%), from €1,019 to €3,475
- Depreciation -€2,303
down €2,303 (-10.2%), from €22,647 to €20,344
- Taxes -€803
down €803 (-29.6%), from €2,709 to €1,906
- Other operating charges +€480
up €480 (+16.0%), from €2,999 to €3,479
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 | €94,435 | €83,639 | -€10,796 | -11.4% |
| Formation expenses | 20 | €149 | €149 | = | 0.0% |
| Fixed assets | 21/28 | €29,122 | €12,435 | -€16,687 | -57.3% |
| Tangible fixed assets | 22/27 | €29,122 | €12,435 | -€16,687 | -57.3% |
| Land and buildings | 22 | €14,837 | - | -€14,837 | |
| Plant, machinery and equipment | 23 | €8,225 | €4,405 | -€3,820 | -46.4% |
| Furniture and vehicles | 24 | €3,262 | €2,336 | -€925 | -28.4% |
| Other tangible fixed assets | 26 | €2,798 | €5,693 | +€2,896 | +103.5% |
| Current assets | 29/58 | €65,165 | €71,055 | +€5,890 | +9.0% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,603 | €25,875 | -€3,728 | -12.6% |
| Trade receivables | 40 | €26,806 | €25,875 | -€931 | -3.5% |
| Other amounts receivable | 41 | €2,797 | - | -€2,797 | |
| Cash at bank and in hand | 54/58 | €23,062 | €32,680 | +€9,618 | +41.7% |
| Total equity and liabilities | 10/49 | €94,435 | €83,639 | -€10,796 | -11.4% |
| Equity | 10/15 | €8,217 | €5,939 | -€2,278 | -27.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,375 | -€12,653 | -€2,278 | -22.0% |
| Amounts payable | 17/49 | €86,218 | €77,699 | -€8,518 | -9.9% |
| Amounts payable after more than one year | 17 | €11,079 | €26,853 | +€15,773 | +142.4% |
| Financial debts | 170/4 | €11,079 | €26,853 | +€15,773 | +142.4% |
| Amounts payable within one year | 42/48 | €75,138 | €50,847 | -€24,292 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €26,455 | €19,849 | -€6,606 | -25.0% |
| Trade debts | 44 | €24,799 | €8,893 | -€15,906 | -64.1% |
| Suppliers | 440/4 | €24,799 | €8,893 | -€15,906 | -64.1% |
| Taxes, remuneration and social security | 45 | €7,726 | €10,039 | +€2,314 | +29.9% |
| Taxes | 450/3 | €500 | €2,814 | +€2,314 | +462.8% |
| Remuneration and social security | 454/9 | €7,226 | €7,226 | = | 0.0% |
| Other amounts payable | 47/48 | €16,159 | €12,065 | -€4,094 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,647 | €20,344 | -€2,303 | -10.2% |
| Other operating charges | 640/8 | €2,999 | €3,479 | +€480 | +16.0% |
| Gross operating margin | 9900 | €47,226 | €26,860 | -€20,366 | -43.1% |
| Operating profit (loss) | 9901 | €21,580 | €3,037 | -€18,543 | -85.9% |
| Financial income | 75/76B | €134 | €65 | -€69 | -51.4% |
| Recurring financial income | 75 | €134 | €65 | -€69 | -51.4% |
| Financial charges | 65/66B | €1,019 | €3,475 | +€2,455 | +240.9% |
| Recurring financial charges | 65 | €1,019 | €3,475 | +€2,455 | +240.9% |
| Profit (loss) for the period before taxes | 9903 | €20,695 | -€372 | -€21,067 | |
| Income taxes | 67/77 | €2,709 | €1,906 | -€803 | -29.6% |
| Profit (loss) for the period | 9904 | €17,986 | -€2,278 | -€20,264 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,986 | -€2,278 | -€20,264 |
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.