Carnea: 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.
Carnea
Largest movements
- Receivables after one year -€760,196
down €760,196 (-11.1%), from €6.8m to €6.1m
- Profit (loss) carried forward -€859,595
down €859,595 (-181.1%), from -€474,618 to -€1.3m
- Accrued charges and deferred income +€86,694
up €86,694 (+185.4%), from €46,768 to €133,462
- Financial charges +€40,941
up €40,941 (+5.1%), from €807,014 to €847,955
- Gross operating margin +€1,391
up €1,391 (+12.6%), from -€11,011 to -€9,620
- Depreciation +€928
up €928 (+96.3%), from €964 to €1,892
- Other operating charges +€128
new in 2025: €128
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,855,784 | €6,123,440 | -€732,344 | -10.7% |
| Formation expenses | 20 | €8,494 | €6,603 | -€1,891 | -22.3% |
| Current assets | 29/58 | €6,847,290 | €6,116,837 | -€730,453 | -10.7% |
| Amounts receivable after more than one year | 29 | €6,841,766 | €6,081,570 | -€760,196 | -11.1% |
| Other amounts receivable | 291 | €6,841,766 | €6,081,570 | -€760,196 | -11.1% |
| Amounts receivable within one year | 40/41 | €5,115 | €5,115 | = | 0.0% |
| Other amounts receivable | 41 | €5,115 | €5,115 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €409 | €30,152 | +€29,743 | +7272.1% |
| Total equity and liabilities | 10/49 | €6,855,784 | €6,123,440 | -€732,344 | -10.7% |
| Equity | 10/15 | €3,665,860 | €2,806,265 | -€859,595 | -23.4% |
| Contributions | 10/11 | €4,081,000 | €4,081,000 | = | 0.0% |
| Reserves | 13 | €59,478 | €59,478 | = | 0.0% |
| Distributable reserves | 133 | €59,478 | €59,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€474,618 | -€1,334,213 | -€859,595 | -181.1% |
| Amounts payable | 17/49 | €3,189,924 | €3,317,175 | +€127,251 | +4.0% |
| Amounts payable after more than one year | 17 | €2,933,326 | €2,933,326 | = | 0.0% |
| Other amounts payable | 178/9 | €2,933,326 | €2,933,326 | = | 0.0% |
| Amounts payable within one year | 42/48 | €209,830 | €250,387 | +€40,557 | +19.3% |
| Trade debts | 44 | €10,624 | €19,804 | +€9,180 | +86.4% |
| Suppliers | 440/4 | €10,624 | €19,804 | +€9,180 | +86.4% |
| Taxes, remuneration and social security | 45 | €6,169 | €6,169 | = | 0.0% |
| Taxes | 450/3 | €6,169 | €6,169 | = | 0.0% |
| Other amounts payable | 47/48 | €193,037 | €224,414 | +€31,377 | +16.3% |
| Accrued charges and deferred income | 492/3 | €46,768 | €133,462 | +€86,694 | +185.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €964 | €1,892 | +€928 | +96.3% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | -€11,011 | -€9,620 | +€1,391 | +12.6% |
| Operating profit (loss) | 9901 | -€11,975 | -€11,640 | +€335 | +2.8% |
| Financial charges | 65/66B | €807,014 | €847,955 | +€40,941 | +5.1% |
| Recurring financial charges | 65 | €807,014 | €847,955 | +€40,941 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€818,989 | -€859,595 | -€40,606 | -5.0% |
| Profit (loss) for the period | 9904 | -€818,989 | -€859,595 | -€40,606 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€818,989 | -€859,595 | -€40,606 | -5.0% |
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 7 October 2026 via checked.be.