CARNET: 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.
CARNET
Largest movements
- Receivables within one year +€25,185
up €25,185 (+418.1%), from €6,024 to €31,209
of which Trade receivables: +€18,673
- Cash -€18,612
down €18,612 (-74.3%), from €25,051 to €6,440
mainly Receivables within one year (-€25,185) and Net result for the year (-€14,538)
- Tangible fixed assets -€7,789
down €7,789 (-16.6%), from €46,874 to €39,085
of which Furniture and vehicles: -€7,710
- Intangible fixed assets -€1,778
down €1,778 (-100.0%), from €1,778 to €0
- Profit (loss) carried forward -€14,538
down €14,538 (-22.9%), from -€63,579 to -€78,117
- Other debts +€8,074
up €8,074, from €0 to €8,074
- Trade debts +€3,328
up €3,328 (+724.6%), from €459 to €3,787
- Gross operating margin -€32,255
down €32,255 (-99.6%), from €32,387 to €132
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 | €84,251 | €80,890 | -€3,360 | -4.0% |
| Fixed assets | 21/28 | €48,652 | €39,085 | -€9,567 | -19.7% |
| Intangible fixed assets | 21 | €1,778 | €0 | -€1,778 | -100.0% |
| Tangible fixed assets | 22/27 | €46,874 | €39,085 | -€7,789 | -16.6% |
| Land and buildings | 22 | €5,065 | €2,840 | -€2,225 | -43.9% |
| Plant, machinery and equipment | 23 | €13,694 | €12,441 | -€1,254 | -9.2% |
| Furniture and vehicles | 24 | €28,114 | €20,404 | -€7,710 | -27.4% |
| Other tangible fixed assets | 26 | - | €3,399 | +€3,399 | |
| Current assets | 29/58 | €35,599 | €41,805 | +€6,207 | +17.4% |
| Amounts receivable within one year | 40/41 | €6,024 | €31,209 | +€25,185 | +418.1% |
| Trade receivables | 40 | €2,118 | €20,791 | +€18,673 | +881.7% |
| Other amounts receivable | 41 | €3,906 | €10,417 | +€6,511 | +166.7% |
| Cash at bank and in hand | 54/58 | €25,051 | €6,440 | -€18,612 | -74.3% |
| Deferred charges and accrued income | 490/1 | €4,523 | €4,157 | -€366 | -8.1% |
| Total equity and liabilities | 10/49 | €84,251 | €80,890 | -€3,360 | -4.0% |
| Equity | 10/15 | €82,941 | €68,403 | -€14,538 | -17.5% |
| Contributions | 10/11 | €146,520 | €146,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,579 | -€78,117 | -€14,538 | -22.9% |
| Amounts payable | 17/49 | €1,310 | €12,487 | +€11,178 | +853.4% |
| Amounts payable within one year | 42/48 | €1,310 | €12,487 | +€11,178 | +853.4% |
| Financial debts | 43 | €597 | €485 | -€112 | -18.7% |
| Credit institutions | 430/8 | €597 | €485 | -€112 | -18.7% |
| Trade debts | 44 | €459 | €3,787 | +€3,328 | +724.6% |
| Suppliers | 440/4 | €459 | €3,787 | +€3,328 | +724.6% |
| Taxes, remuneration and social security | 45 | €254 | €141 | -€113 | -44.5% |
| Taxes | 450/3 | €254 | €141 | -€113 | -44.5% |
| Other amounts payable | 47/48 | €0 | €8,074 | +€8,074 | |
| Non-recurring operating income | 76A | €17,118 | €0 | -€17,118 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,231 | €13,382 | +€151 | +1.1% |
| Other operating charges | 640/8 | €831 | €953 | +€123 | +14.8% |
| Gross operating margin | 9900 | €32,387 | €132 | -€32,255 | -99.6% |
| Operating profit (loss) | 9901 | €18,325 | -€14,204 | -€32,529 | |
| Financial income | 75/76B | €10 | €24 | +€14 | +135.6% |
| Recurring financial income | 75 | €10 | €24 | +€14 | +135.6% |
| Financial charges | 65/66B | €436 | €218 | -€219 | -50.1% |
| Recurring financial charges | 65 | €436 | €218 | -€219 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €17,899 | -€14,397 | -€32,296 | |
| Income taxes | 67/77 | €274 | €141 | -€133 | -48.6% |
| Profit (loss) for the period | 9904 | €17,625 | -€14,538 | -€32,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,625 | -€14,538 | -€32,163 |
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 10 October 2026 via checked.be.