CARMIC: 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.
CARMIC
Largest movements
- Receivables within one year +€390,398
up €390,398 (+311%), from €125,520 to €515,918
of which Other amounts receivable: +€431,135
- Cash -€317,935
down €317,935 (-76.2%), from €417,352 to €99,417
mainly Receivables within one year (-€390,398) and Contributions, distributions and other (-€65,000)
- Tangible fixed assets -€11,342
down €11,342 (-3.6%), from €311,164 to €299,821
of which Other tangible fixed assets: -€7,564
- Other debts +€65,000
new in 2025: €65,000
- Profit (loss) carried forward +€18,866
up €18,866 (+3.6%), from €523,444 to €542,310
- Debts after one year -€12,524
down €12,524 (-4.6%), from €274,006 to €261,482
- Tax, wage and social debts -€10,382
down €10,382 (-42.0%), from €24,712 to €14,330
of which Taxes: -€10,505
- Gross operating margin -€56,881
down €56,881 (-28.8%), from €197,594 to €140,713
- Taxes -€8,129
down €8,129 (-20.3%), from €40,000 to €31,871
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 | €854,036 | €915,157 | +€61,121 | +7.2% |
| Fixed assets | 21/28 | €311,164 | €299,821 | -€11,342 | -3.6% |
| Tangible fixed assets | 22/27 | €311,164 | €299,821 | -€11,342 | -3.6% |
| Furniture and vehicles | 24 | €11,925 | €8,147 | -€3,779 | -31.7% |
| Other tangible fixed assets | 26 | €299,238 | €291,675 | -€7,564 | -2.5% |
| Current assets | 29/58 | €542,872 | €615,336 | +€72,463 | +13.3% |
| Amounts receivable within one year | 40/41 | €125,520 | €515,918 | +€390,398 | +311% |
| Trade receivables | 40 | €118,500 | €77,763 | -€40,737 | -34.4% |
| Other amounts receivable | 41 | €7,020 | €438,155 | +€431,135 | +6,141% |
| Cash at bank and in hand | 54/58 | €417,352 | €99,417 | -€317,935 | -76.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €854,036 | €915,157 | +€61,121 | +7.2% |
| Equity | 10/15 | €542,044 | €560,910 | +€18,866 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €523,444 | €542,310 | +€18,866 | +3.6% |
| Amounts payable | 17/49 | €311,992 | €354,247 | +€42,255 | +13.5% |
| Amounts payable after more than one year | 17 | €274,006 | €261,482 | -€12,524 | -4.6% |
| Financial debts | 170/4 | €274,006 | €261,482 | -€12,524 | -4.6% |
| Amounts payable within one year | 42/48 | €37,986 | €92,766 | +€54,780 | +144% |
| Current portion of amounts payable after more than one year | 42 | €12,125 | €12,524 | +€399 | +3.3% |
| Trade debts | 44 | €1,149 | €911 | -€238 | -20.7% |
| Suppliers | 440/4 | €1,149 | €911 | -€238 | -20.7% |
| Taxes, remuneration and social security | 45 | €24,712 | €14,330 | -€10,382 | -42.0% |
| Taxes | 450/3 | €23,157 | €12,652 | -€10,505 | -45.4% |
| Remuneration and social security | 454/9 | €1,555 | €1,678 | +€123 | +7.9% |
| Other amounts payable | 47/48 | - | €65,000 | +€65,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,878 | €12,614 | +€736 | +6.2% |
| Other operating charges | 640/8 | €1,407 | €3,036 | +€1,629 | +116% |
| Gross operating margin | 9900 | €197,594 | €140,713 | -€56,881 | -28.8% |
| Operating profit (loss) | 9901 | €184,309 | €125,062 | -€59,247 | -32.1% |
| Financial income | 75/76B | €2 | €5 | +€2 | +90.5% |
| Recurring financial income | 75 | €2 | €5 | +€2 | +90.5% |
| Financial charges | 65/66B | €10,007 | €9,330 | -€677 | -6.8% |
| Recurring financial charges | 65 | €10,007 | €9,330 | -€677 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €174,305 | €115,737 | -€58,568 | -33.6% |
| Income taxes | 67/77 | €40,000 | €31,871 | -€8,129 | -20.3% |
| Profit (loss) for the period | 9904 | €134,305 | €83,866 | -€50,439 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €134,305 | €83,866 | -€50,439 | -37.6% |
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 24 October 2026 via checked.be.