Carmi Aubel: what changed
What changed
Carmi Aubel
NACE 47.721, Retail sale of footwear
filed annual accounts (NBB)
Net result for the year
-€5,376
2025 · €13,585-€18,961
Equity
€329,497
2025 · €334,873-€5,376
Cash
€181,907
2025 · €152,311+€29,596
Balance sheet total
€1.4m
2025 · €1.4m-€35,990
Largest movements
Assets
- Stocks and contracts -€31,894
down €31,894 (-3.0%), from €1.1m to €1.0m
- Cash +€29,596
up €29,596 (+19.4%), from €152,311 to €181,907
mainly Stocks and contracts (+€31,894) and Depreciation (+€16,784)
- Tangible fixed assets -€16,784
down €16,784 (-24.8%), from €67,609 to €50,825
Equity and liabilities
- Trade debts -€31,124
down €31,124 (-5.5%), from €568,298 to €537,174
- Tax, wage and social debts -€14,893
down €14,893 (-14.7%), from €101,250 to €86,357
of which Taxes: -€10,855
Income statement
- Financial income -€56,165
down €56,165 (-48.0%), from €117,104 to €60,939
- Financial charges -€28,358
down €28,358 (-84.6%), from €33,525 to €5,167
- Staff costs +€16,382
up €16,382 (+3.9%), from €415,324 to €431,706
- Taxes -€15,176
down €15,176 (-96.6%), from €15,713 to €537
- Gross operating margin +€10,644
up €10,644 (+2.8%), from €385,167 to €395,811
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€13,585
Gross operating margin
+€10,644
Staff costs
-€16,382
Depreciation
-€472
Provisions
+€71
Other operating charges
-€191
Financial income
-€56,165
Financial charges
+€28,358
Taxes
+€15,176
Result 2026
-€5,376
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€25,564
Investment
+€4,032
Financing
€0
Cash 2025
€152,311
From operations (derived)
+€25,564
Net result for the year
-€5,376
Depreciation
+€16,784
Stocks and contracts
+€31,894
Receivables within one year
+€12,876
Provisions
+€5,130
Trade debts
-€31,124
Tax, wage and social debts
-€14,893
Other debts
+€10,599
Accrued charges and deferred income
-€326
Investment (derived)
+€4,032
Current investments
+€4,032
Cash 2026
€181,907
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,409,185 | €1,373,195 | -€35,990 | -2.6% |
| Fixed assets | 21/28 | €67,609 | €50,825 | -€16,784 | -24.8% |
| Tangible fixed assets | 22/27 | €67,609 | €50,825 | -€16,784 | -24.8% |
| Plant, machinery and equipment | 23 | €67,609 | €50,825 | -€16,784 | -24.8% |
| Current assets | 29/58 | €1,341,575 | €1,322,369 | -€19,206 | -1.4% |
| Stocks and contracts in progress | 3 | €1,055,745 | €1,023,850 | -€31,894 | -3.0% |
| Stocks | 30/36 | €1,055,745 | €1,023,850 | -€31,894 | -3.0% |
| Amounts receivable within one year | 40/41 | €129,488 | €116,612 | -€12,876 | -9.9% |
| Trade receivables | 40 | €126,235 | €116,135 | -€10,100 | -8.0% |
| Other amounts receivable | 41 | €3,252 | €477 | -€2,775 | -85.3% |
| Current investments | 50/53 | €4,032 | €0 | -€4,032 | -100% |
| Cash at bank and in hand | 54/58 | €152,311 | €181,907 | +€29,596 | +19.4% |
| Total equity and liabilities | 10/49 | €1,409,185 | €1,373,195 | -€35,990 | -2.6% |
| Equity | 10/15 | €334,873 | €329,497 | -€5,376 | -1.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €163,232 | €163,232 | = | 0.0% |
| Distributable reserves | 133 | €163,232 | €163,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,641 | €141,265 | -€5,376 | -3.7% |
| Provisions and deferred taxes | 16 | €355,154 | €360,284 | +€5,130 | +1.4% |
| Provisions for liabilities and charges | 160/5 | €355,154 | €360,284 | +€5,130 | +1.4% |
| Other liabilities and charges | 164/5 | €355,154 | €360,284 | +€5,130 | +1.4% |
| Amounts payable | 17/49 | €719,158 | €683,413 | -€35,745 | -5.0% |
| Amounts payable within one year | 42/48 | €715,549 | €680,131 | -€35,418 | -4.9% |
| Trade debts | 44 | €568,298 | €537,174 | -€31,124 | -5.5% |
| Suppliers | 440/4 | €568,298 | €537,174 | -€31,124 | -5.5% |
| Taxes, remuneration and social security | 45 | €101,250 | €86,357 | -€14,893 | -14.7% |
| Taxes | 450/3 | €41,365 | €30,510 | -€10,855 | -26.2% |
| Remuneration and social security | 454/9 | €59,886 | €55,848 | -€4,038 | -6.7% |
| Other amounts payable | 47/48 | €46,001 | €56,600 | +€10,599 | +23.0% |
| Accrued charges and deferred income | 492/3 | €3,609 | €3,282 | -€326 | -9.0% |
| Remuneration, social security and pensions | 62 | €415,324 | €431,706 | +€16,382 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,312 | €16,784 | +€472 | +2.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,202 | €5,130 | -€71 | -1.4% |
| Other operating charges | 640/8 | €2,610 | €2,801 | +€191 | +7.3% |
| Gross operating margin | 9900 | €385,167 | €395,811 | +€10,644 | +2.8% |
| Operating profit (loss) | 9901 | -€54,280 | -€60,611 | -€6,330 | -11.7% |
| Financial income | 75/76B | €117,104 | €60,939 | -€56,165 | -48.0% |
| Recurring financial income | 75 | €117,104 | €60,939 | -€56,165 | -48.0% |
| Financial charges | 65/66B | €33,525 | €5,167 | -€28,358 | -84.6% |
| Recurring financial charges | 65 | €33,525 | €5,167 | -€28,358 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €29,298 | -€4,839 | -€34,137 | |
| Income taxes | 67/77 | €15,713 | €537 | -€15,176 | -96.6% |
| Profit (loss) for the period | 9904 | €13,585 | -€5,376 | -€18,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,585 | -€5,376 | -€18,961 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.