CARMINIS: 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.
CARMINIS
Largest movements
- Cash +€6,891
up €6,891 (+1269.0%), from €543 to €7,434
mainly Depreciation (+€3,796) and Investment in fixed assets (net) (+€1,704)
- Tangible fixed assets -€5,500
down €5,500 (-25.0%), from €21,999 to €16,499
- Receivables within one year -€1,134
down €1,134 (-8.4%), from €13,534 to €12,400
- Trade debts -€1,408
down €1,408 (-96.6%), from €1,458 to €50
- Reserves +€871
up €871 (+63.7%), from €1,367 to €2,238
of which Non-distributable reserves: +€493
- Short-term financial debts +€809
up €809 (+5.9%), from €13,781 to €14,590
- Other operating charges -€9,864
down €9,864 (-44.4%), from €22,205 to €12,341
- Gross operating margin -€9,544
down €9,544 (-35.1%), from €27,200 to €17,656
- Turnover -€4,119
down €4,119 (-22.0%), from €18,700 to €14,581
- Taxes +€494
new in 2021: €494
- Depreciation -€329
down €329 (-8.0%), from €4,125 to €3,796
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,076 | €36,333 | +€257 | +0.7% |
| Fixed assets | 21/28 | €21,999 | €16,499 | -€5,500 | -25.0% |
| Tangible fixed assets | 22/27 | €21,999 | €16,499 | -€5,500 | -25.0% |
| Furniture and vehicles | 24 | €21,999 | €16,499 | -€5,500 | -25.0% |
| Current assets | 29/58 | €14,077 | €19,834 | +€5,757 | +40.9% |
| Amounts receivable within one year | 40/41 | €13,534 | €12,400 | -€1,134 | -8.4% |
| Other amounts receivable | 41 | €13,534 | €12,400 | -€1,134 | -8.4% |
| Cash at bank and in hand | 54/58 | €543 | €7,434 | +€6,891 | +1269.0% |
| Total equity and liabilities | 10/49 | €36,076 | €36,333 | +€257 | +0.7% |
| Equity | 10/15 | €20,837 | €21,693 | +€856 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,367 | €2,238 | +€871 | +63.7% |
| Non-distributable reserves | 130/1 | €1,367 | €1,860 | +€493 | +36.1% |
| Legal reserve | 130 | €1,367 | €1,860 | +€493 | +36.1% |
| Distributable reserves | 133 | - | €378 | +€378 | |
| Profit (loss) carried forward | 14 | €870 | €855 | -€15 | -1.7% |
| Amounts payable | 17/49 | €15,239 | €14,640 | -€599 | -3.9% |
| Amounts payable within one year | 42/48 | €15,239 | €14,640 | -€599 | -3.9% |
| Financial debts | 43 | €13,781 | €14,590 | +€809 | +5.9% |
| Credit institutions | 430/8 | €13,781 | €14,590 | +€809 | +5.9% |
| Trade debts | 44 | €1,458 | €50 | -€1,408 | -96.6% |
| Suppliers | 440/4 | €1,458 | €50 | -€1,408 | -96.6% |
| Turnover | 70 | €18,700 | €14,581 | -€4,119 | -22.0% |
| Non-recurring operating income | 76A | €8,500 | €3,075 | -€5,425 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,125 | €3,796 | -€329 | -8.0% |
| Other operating charges | 640/8 | €22,205 | €12,341 | -€9,864 | -44.4% |
| Gross operating margin | 9900 | €27,200 | €17,656 | -€9,544 | -35.1% |
| Operating profit (loss) | 9901 | €870 | €1,519 | +€649 | +74.6% |
| Financial charges | 65/66B | - | €171 | +€171 | |
| Recurring financial charges | 65 | - | €171 | +€171 | |
| Non-recurring financial charges | 66B | - | €171 | +€171 | |
| Profit (loss) for the period before taxes | 9903 | €870 | €1,349 | +€479 | +55.0% |
| Income taxes | 67/77 | - | €494 | +€494 | |
| Profit (loss) for the period | 9904 | €870 | €855 | -€15 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €870 | €855 | -€15 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.