CARNEX: 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.
CARNEX
Largest movements
- Tangible fixed assets -€92,156
down €92,156 (-19.4%), from €474,806 to €382,650
- Receivables within one year +€25,115
up €25,115 (+29.2%), from €85,983 to €111,098
of which Other amounts receivable: +€24,436
- Cash -€22,170
down €22,170 (-87.2%), from €25,430 to €3,260
mainly Debts after one year (-€49,847) and Trade debts (-€40,770)
- Debts after one year -€49,847
down €49,847 (-26.2%), from €189,972 to €140,126
of which Financial debts: -€49,847
- Reserves +€43,661
up €43,661 (+23.4%), from €186,339 to €230,000
of which Distributable reserves: +€43,661
- Trade debts -€40,770
down €40,770 (-35.2%), from €115,867 to €75,097
- Tax, wage and social debts -€28,165
down €28,165 (-36.8%), from €76,548 to €48,383
of which Remuneration and social security: -€27,688
- Current portion of long-term debt -€17,278
down €17,278 (-43.4%), from €39,796 to €22,518
- Gross operating margin +€31,142
up €31,142 (+9.6%), from €325,577 to €356,719
- Other operating charges +€13,700
up €13,700 (+580.6%), from €2,360 to €16,060
- Taxes +€9,640
up €9,640 (+109.7%), from €8,789 to €18,429
- Financial charges -€8,878
down €8,878 (-44.1%), from €20,126 to €11,248
- Depreciation -€7,404
down €7,404 (-11.8%), from €62,730 to €55,325
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,723 | €522,323 | -€92,400 | -15.0% |
| Fixed assets | 21/28 | €474,806 | €382,650 | -€92,156 | -19.4% |
| Tangible fixed assets | 22/27 | €474,806 | €382,650 | -€92,156 | -19.4% |
| Land and buildings | 22 | €326,206 | €289,364 | -€36,842 | -11.3% |
| Plant, machinery and equipment | 23 | €99,012 | €83,971 | -€15,042 | -15.2% |
| Furniture and vehicles | 24 | €1,850 | €1,850 | = | 0.0% |
| Leasing and similar rights | 25 | €47,738 | €7,465 | -€40,272 | -84.4% |
| Current assets | 29/58 | €139,917 | €139,673 | -€244 | -0.2% |
| Stocks and contracts in progress | 3 | €28,504 | €25,315 | -€3,189 | -11.2% |
| Stocks | 30/36 | €28,504 | €25,315 | -€3,189 | -11.2% |
| Amounts receivable within one year | 40/41 | €85,983 | €111,098 | +€25,115 | +29.2% |
| Trade receivables | 40 | €36,288 | €36,967 | +€679 | +1.9% |
| Other amounts receivable | 41 | €49,696 | €74,131 | +€24,436 | +49.2% |
| Cash at bank and in hand | 54/58 | €25,430 | €3,260 | -€22,170 | -87.2% |
| Total equity and liabilities | 10/49 | €614,723 | €522,323 | -€92,400 | -15.0% |
| Equity | 10/15 | €192,539 | €236,200 | +€43,661 | +22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186,339 | €230,000 | +€43,661 | +23.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €184,479 | €228,140 | +€43,661 | +23.7% |
| Amounts payable | 17/49 | €422,184 | €286,123 | -€136,061 | -32.2% |
| Amounts payable after more than one year | 17 | €189,972 | €140,126 | -€49,847 | -26.2% |
| Financial debts | 170/4 | €184,852 | €135,006 | -€49,847 | -27.0% |
| Other amounts payable | 178/9 | €5,120 | €5,120 | = | 0.0% |
| Amounts payable within one year | 42/48 | €232,212 | €145,998 | -€86,214 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €39,796 | €22,518 | -€17,278 | -43.4% |
| Trade debts | 44 | €115,867 | €75,097 | -€40,770 | -35.2% |
| Suppliers | 440/4 | €115,867 | €75,097 | -€40,770 | -35.2% |
| Taxes, remuneration and social security | 45 | €76,548 | €48,383 | -€28,165 | -36.8% |
| Taxes | 450/3 | €13,105 | €12,627 | -€478 | -3.6% |
| Remuneration and social security | 454/9 | €63,444 | €35,756 | -€27,688 | -43.6% |
| Non-recurring operating income | 76A | €1,135 | - | -€1,135 | |
| Remuneration, social security and pensions | 62 | €209,661 | €214,507 | +€4,846 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,730 | €55,325 | -€7,404 | -11.8% |
| Other operating charges | 640/8 | €2,360 | €16,060 | +€13,700 | +580.6% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €325,577 | €356,719 | +€31,142 | +9.6% |
| Operating profit (loss) | 9901 | €50,827 | €69,827 | +€19,000 | +37.4% |
| Financial income | 75/76B | €1,535 | €3,511 | +€1,976 | +128.7% |
| Recurring financial income | 75 | €1,535 | €3,511 | +€1,976 | +128.7% |
| Financial charges | 65/66B | €20,126 | €11,248 | -€8,878 | -44.1% |
| Recurring financial charges | 65 | €20,126 | €11,248 | -€8,878 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €32,236 | €62,090 | +€29,853 | +92.6% |
| Income taxes | 67/77 | €8,789 | €18,429 | +€9,640 | +109.7% |
| Profit (loss) for the period | 9904 | €23,447 | €43,661 | +€20,214 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,447 | €43,661 | +€20,214 | +86.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.