CARMOT: 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.
CARMOT
Largest movements
- Tangible fixed assets -€38,202
down €38,202 (-2.8%), from €1.4m to €1.3m
- Other debts -€19,931
down €19,931 (-1.5%), from €1.3m to €1.3m
- Gross operating margin -€3,005
down €3,005 (-13.1%), from €22,908 to €19,903
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 | €1,480,011 | €1,441,159 | -€38,852 | -2.6% |
| Fixed assets | 21/28 | €1,476,851 | €1,438,648 | -€38,202 | -2.6% |
| Tangible fixed assets | 22/27 | €1,376,851 | €1,338,648 | -€38,202 | -2.8% |
| Land and buildings | 22 | €1,376,851 | €1,338,648 | -€38,202 | -2.8% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €3,160 | €2,511 | -€649 | -20.6% |
| Cash at bank and in hand | 54/58 | €3,160 | €2,511 | -€649 | -20.6% |
| Total equity and liabilities | 10/49 | €1,480,011 | €1,441,159 | -€38,852 | -2.6% |
| Equity | 10/15 | €71,620 | €56,382 | -€15,238 | -21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,007 | €68,507 | -€12,500 | -15.4% |
| Tax-exempt reserves | 132 | €69,578 | €57,079 | -€12,500 | -18.0% |
| Distributable reserves | 133 | €11,428 | €11,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,986 | -€30,725 | -€2,739 | -9.8% |
| Provisions and deferred taxes | 16 | €23,193 | €19,026 | -€4,167 | -18.0% |
| Deferred taxes | 168 | €23,193 | €19,026 | -€4,167 | -18.0% |
| Amounts payable | 17/49 | €1,385,198 | €1,365,751 | -€19,447 | -1.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,335,198 | €1,315,751 | -€19,447 | -1.5% |
| Trade debts | 44 | €195 | €679 | +€484 | +248.4% |
| Suppliers | 440/4 | €195 | €679 | +€484 | +248.4% |
| Other amounts payable | 47/48 | €1,335,003 | €1,315,071 | -€19,931 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,204 | €38,202 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €22,908 | €19,903 | -€3,005 | -13.1% |
| Operating profit (loss) | 9901 | -€16,325 | -€19,360 | -€3,035 | -18.6% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,370 | -€19,405 | -€3,035 | -18.5% |
| Transfer from deferred taxes | 780 | €4,167 | €4,167 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€12,203 | -€15,238 | -€3,035 | -24.9% |
| Transfer from tax-exempt reserves | 789 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €296 | -€2,739 | -€3,035 |
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 5 October 2026 via checked.be.