CARMIN: what changed
Two fiscal 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.
CARMIN
Largest movements
- Cash -€16,390
down €16,390 (-65.6%), from €24,970 to €8,580
mainly Net result for the year (-€16,322) and Receivables within one year (-€4,342)
- Receivables within one year +€4,342
up €4,342 (+179.4%), from €2,420 to €6,762
of which Trade receivables: +€4,158
- Tangible fixed assets -€3,238
down €3,238 (-100.0%), from €3,238 to €0
- Profit (loss) carried forward -€16,322
down €16,322 (-95.1%), from €17,156 to €834
- Tax, wage and social debts +€1,483
up €1,483 (+18.1%), from €8,210 to €9,693
of which Remuneration and social security: +€2,000
- Trade debts -€346
down €346 (-64.3%), from €538 to €192
- Gross operating margin -€3,202
down €3,202 (-35.6%), from -€8,984 to -€12,186
- Depreciation -€824
down €824 (-20.3%), from €4,061 to €3,238
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 | €31,207 | €15,719 | -€15,488 | -49.6% |
| Fixed assets | 21/28 | €3,238 | €0 | -€3,238 | -100.0% |
| Tangible fixed assets | 22/27 | €3,238 | €0 | -€3,238 | -100.0% |
| Furniture and vehicles | 24 | €3,238 | €0 | -€3,238 | -100.0% |
| Current assets | 29/58 | €27,970 | €15,719 | -€12,251 | -43.8% |
| Amounts receivable within one year | 40/41 | €2,420 | €6,762 | +€4,342 | +179.4% |
| Trade receivables | 40 | €2,420 | €6,578 | +€4,158 | +171.8% |
| Other amounts receivable | 41 | - | €184 | +€184 | |
| Cash at bank and in hand | 54/58 | €24,970 | €8,580 | -€16,390 | -65.6% |
| Deferred charges and accrued income | 490/1 | €580 | €377 | -€203 | -35.0% |
| Total equity and liabilities | 10/49 | €31,207 | €15,719 | -€15,488 | -49.6% |
| Equity | 10/15 | €22,156 | €5,834 | -€16,322 | -73.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,156 | €834 | -€16,322 | -95.1% |
| Amounts payable | 17/49 | €9,051 | €9,885 | +€834 | +9.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,051 | €9,885 | +€834 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €304 | €0 | -€304 | -100.0% |
| Trade debts | 44 | €538 | €192 | -€346 | -64.3% |
| Suppliers | 440/4 | €538 | €192 | -€346 | -64.3% |
| Taxes, remuneration and social security | 45 | €8,210 | €9,693 | +€1,483 | +18.1% |
| Taxes | 450/3 | €8,210 | €7,693 | -€517 | -6.3% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,061 | €3,238 | -€824 | -20.3% |
| Other operating charges | 640/8 | €515 | €527 | +€12 | +2.4% |
| Gross operating margin | 9900 | -€8,984 | -€12,186 | -€3,202 | -35.6% |
| Operating profit (loss) | 9901 | -€13,560 | -€15,951 | -€2,391 | -17.6% |
| Financial charges | 65/66B | €216 | €230 | +€15 | +6.8% |
| Recurring financial charges | 65 | €216 | €230 | +€15 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,776 | -€16,181 | -€2,406 | -17.5% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | -€13,904 | -€16,322 | -€2,419 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,904 | -€16,322 | -€2,419 | -17.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.