Carnation: 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.
Carnation
Largest movements
- Cash +€3,786
up €3,786 (+47.8%), from €7,914 to €11,701
mainly Net result for the year (+€6,120) and Stocks and contracts (+€3,105)
- Stocks and contracts -€3,105
down €3,105 (-32.4%), from €9,584 to €6,479
- Intangible fixed assets +€2,513
up €2,513 (+2,871%), from €88 to €2,600
- Tangible fixed assets +€1,807
up €1,807 (+46.2%), from €3,915 to €5,723
- Profit (loss) carried forward +€6,120
up €6,120 (+61.0%), from €10,040 to €16,160
- Debts within one year -€912
down €912 (-30.3%), from €3,013 to €2,101
- Gross operating margin +€5,970
up €5,970 (+241%), from €2,477 to €8,447
- Turnover +€4,204
up €4,204 (+12.9%), from €32,560 to €36,764
- Purchases and services +€2,332
up €2,332 (+5.8%), from €39,933 to €42,264
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 | €21,703 | €26,911 | +€5,208 | +24.0% |
| Fixed assets | 21/28 | €4,003 | €8,323 | +€4,320 | +108% |
| Intangible fixed assets | 21 | €88 | €2,600 | +€2,513 | +2,871% |
| Tangible fixed assets | 22/27 | €3,915 | €5,723 | +€1,807 | +46.2% |
| Plant, machinery and equipment | 23 | €3,915 | €5,723 | +€1,807 | +46.2% |
| Current assets | 29/58 | €17,700 | €18,588 | +€888 | +5.0% |
| Stocks and contracts in progress | 3 | €9,584 | €6,479 | -€3,105 | -32.4% |
| Stocks | 30/36 | €9,584 | €6,479 | -€3,105 | -32.4% |
| Amounts receivable within one year | 40/41 | - | €178 | +€178 | |
| Other amounts receivable | 41 | - | €178 | +€178 | |
| Cash at bank and in hand | 54/58 | €7,914 | €11,701 | +€3,786 | +47.8% |
| Deferred charges and accrued income | 490/1 | €202 | €230 | +€28 | +13.9% |
| Total equity and liabilities | 10/49 | €21,703 | €26,911 | +€5,208 | +24.0% |
| Equity | 10/15 | €10,040 | €16,160 | +€6,120 | +61.0% |
| Profit (loss) carried forward | 14 | €10,040 | €16,160 | +€6,120 | +61.0% |
| Amounts payable | 17/49 | €11,663 | €10,751 | -€912 | -7.8% |
| Amounts payable after more than one year | 17 | €8,650 | €8,650 | = | 0.0% |
| Financial debts | 170/4 | €8,650 | €8,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,013 | €2,101 | -€912 | -30.3% |
| Trade debts | 44 | €0 | €2,101 | +€2,101 | +538,636% |
| Suppliers | 440/4 | €0 | €2,101 | +€2,101 | +538,636% |
| Taxes, remuneration and social security | 45 | €13 | - | -€13 | |
| Taxes | 450/3 | €13 | - | -€13 | |
| Turnover | 70 | €32,560 | €36,764 | +€4,204 | +12.9% |
| Membership fees, donations, legacies and grants | 73 | €9,500 | €13,600 | +€4,100 | +43.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,933 | €42,264 | +€2,332 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,133 | €2,165 | +€32 | +1.5% |
| Gross operating margin | 9900 | €2,477 | €8,447 | +€5,970 | +241% |
| Operating profit (loss) | 9901 | €344 | €6,282 | +€5,938 | +1,728% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €265 | €162 | -€103 | -39.0% |
| Recurring financial charges | 65 | €265 | €162 | -€103 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €78 | €6,120 | +€6,042 | +7,710% |
| Profit (loss) for the period | 9904 | €78 | €6,120 | +€6,042 | +7,710% |
| Profit (loss) for the period to be appropriated | 9905 | €78 | €6,120 | +€6,042 | +7,710% |
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 19 October 2026 via checked.be.