CARNAZZA: 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.
CARNAZZA
Largest movements
- Cash +€60,962
up €60,962 (+57.7%), from €105,575 to €166,537
mainly Other debts (+€154,816) and Net result for the year (+€91,559)
- Current investments +€24,062
up €24,062 (+142%), from €16,984 to €41,046
- Receivables within one year +€7,727
up €7,727 (+32.7%), from €23,664 to €31,391
- Tangible fixed assets -€2,959
down €2,959 (-12.8%), from €23,040 to €20,081
of which Plant, machinery and equipment: -€2,171
- Other debts +€154,816
up €154,816 (+4,889%), from €3,166 to €157,982
- Profit (loss) carried forward -€62,435
no longer reported in 2025 (was €62,435)
- Gross operating margin +€37,745
up €37,745 (+45.8%), from €82,500 to €120,245
- Taxes +€8,949
up €8,949 (+54.8%), from €16,336 to €25,286
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 | €169,263 | €259,114 | +€89,851 | +53.1% |
| Fixed assets | 21/28 | €23,040 | €20,081 | -€2,959 | -12.8% |
| Tangible fixed assets | 22/27 | €23,040 | €20,081 | -€2,959 | -12.8% |
| Plant, machinery and equipment | 23 | €16,364 | €14,193 | -€2,171 | -13.3% |
| Furniture and vehicles | 24 | €6,676 | €5,888 | -€789 | -11.8% |
| Current assets | 29/58 | €146,223 | €239,033 | +€92,810 | +63.5% |
| Amounts receivable within one year | 40/41 | €23,664 | €31,391 | +€7,727 | +32.7% |
| Other amounts receivable | 41 | €23,664 | €31,391 | +€7,727 | +32.7% |
| Current investments | 50/53 | €16,984 | €41,046 | +€24,062 | +142% |
| Cash at bank and in hand | 54/58 | €105,575 | €166,537 | +€60,962 | +57.7% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €169,263 | €259,114 | +€89,851 | +53.1% |
| Equity | 10/15 | €163,566 | €101,132 | -€62,435 | -38.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €99,132 | €99,132 | = | 0.0% |
| Distributable reserves | 133 | €99,132 | €99,132 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,435 | - | -€62,435 | |
| Amounts payable | 17/49 | €5,696 | €157,982 | +€152,286 | +2,673% |
| Amounts payable within one year | 42/48 | €5,696 | €157,982 | +€152,286 | +2,673% |
| Trade debts | 44 | €691 | - | -€691 | |
| Suppliers | 440/4 | €691 | - | -€691 | |
| Taxes, remuneration and social security | 45 | €1,839 | - | -€1,839 | |
| Taxes | 450/3 | €1,839 | - | -€1,839 | |
| Other amounts payable | 47/48 | €3,166 | €157,982 | +€154,816 | +4,889% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,879 | €2,959 | +€80 | +2.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €82,500 | €120,245 | +€37,745 | +45.8% |
| Operating profit (loss) | 9901 | €79,234 | €116,886 | +€37,652 | +47.5% |
| Financial income | 75/76B | - | €134 | +€134 | |
| Recurring financial income | 75 | - | €134 | +€134 | |
| Financial charges | 65/66B | €463 | €176 | -€287 | -62.1% |
| Recurring financial charges | 65 | €463 | €176 | -€287 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €78,771 | €116,844 | +€38,073 | +48.3% |
| Income taxes | 67/77 | €16,336 | €25,286 | +€8,949 | +54.8% |
| Profit (loss) for the period | 9904 | €62,435 | €91,559 | +€29,124 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,435 | €91,559 | +€29,124 | +46.6% |
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 15 October 2026 via checked.be.