CARNOL CONSTRUCT: 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.
CARNOL CONSTRUCT
Largest movements
- Cash +€30,025
up €30,025 (+97.5%), from €30,806 to €60,831
mainly Net result for the year (+€47,432) and Depreciation (+€8,377)
- Stocks and contracts -€3,250
no longer reported in 2025 (was €3,250)
- Tangible fixed assets -€2,726
down €2,726 (-17.2%), from €15,837 to €13,111
of which Furniture and vehicles: -€4,002
- Receivables within one year -€1,386
down €1,386 (-11.3%), from €12,239 to €10,854
of which Other amounts receivable: -€3,227
- Deferred charges and accrued income -€1,164
no longer reported in 2025 (was €1,164)
- Profit (loss) carried forward +€47,432
up €47,432 (+397.3%), from €11,937 to €59,369
- Trade debts -€8,826
down €8,826 (-78.6%), from €11,230 to €2,403
- Tax, wage and social debts -€6,651
down €6,651 (-76.5%), from €8,692 to €2,042
of which Remuneration and social security: -€3,500
- Current portion of long-term debt -€5,720
down €5,720 (-91.6%), from €6,242 to €522
- Other debts -€4,214
no longer reported in 2025 (was €4,214)
- Gross operating margin +€95,820
up €95,820, from -€31,179 to €64,641
- Taxes +€2,113
up €2,113, from -€72 to €2,042
- Depreciation +€813
up €813 (+10.7%), from €7,564 to €8,377
- Financial charges -€729
down €729 (-63.1%), from €1,155 to €426
of which Non-recurring financial charges: -€419
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 | €63,297 | €84,796 | +€21,499 | +34.0% |
| Fixed assets | 21/28 | €15,837 | €13,111 | -€2,726 | -17.2% |
| Tangible fixed assets | 22/27 | €15,837 | €13,111 | -€2,726 | -17.2% |
| Plant, machinery and equipment | 23 | €1,970 | €3,246 | +€1,275 | +64.7% |
| Furniture and vehicles | 24 | €13,867 | €9,865 | -€4,002 | -28.9% |
| Current assets | 29/58 | €47,460 | €71,685 | +€24,225 | +51.0% |
| Stocks and contracts in progress | 3 | €3,250 | - | -€3,250 | |
| Stocks | 30/36 | €3,250 | - | -€3,250 | |
| Amounts receivable within one year | 40/41 | €12,239 | €10,854 | -€1,386 | -11.3% |
| Trade receivables | 40 | €4,832 | €6,674 | +€1,841 | +38.1% |
| Other amounts receivable | 41 | €7,407 | €4,180 | -€3,227 | -43.6% |
| Cash at bank and in hand | 54/58 | €30,806 | €60,831 | +€30,025 | +97.5% |
| Deferred charges and accrued income | 490/1 | €1,164 | - | -€1,164 | |
| Total equity and liabilities | 10/49 | €63,297 | €84,796 | +€21,499 | +34.0% |
| Equity | 10/15 | €32,397 | €79,829 | +€47,432 | +146.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,937 | €59,369 | +€47,432 | +397.3% |
| Amounts payable | 17/49 | €30,899 | €4,967 | -€25,933 | -83.9% |
| Amounts payable after more than one year | 17 | €522 | - | -€522 | |
| Financial debts | 170/4 | €522 | - | -€522 | |
| Amounts payable within one year | 42/48 | €30,378 | €4,967 | -€25,411 | -83.6% |
| Current portion of amounts payable after more than one year | 42 | €6,242 | €522 | -€5,720 | -91.6% |
| Trade debts | 44 | €11,230 | €2,403 | -€8,826 | -78.6% |
| Suppliers | 440/4 | €11,230 | €2,403 | -€8,826 | -78.6% |
| Taxes, remuneration and social security | 45 | €8,692 | €2,042 | -€6,651 | -76.5% |
| Taxes | 450/3 | €5,192 | €2,042 | -€3,151 | -60.7% |
| Remuneration and social security | 454/9 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €4,214 | - | -€4,214 | |
| Remuneration, social security and pensions | 62 | €266 | €584 | +€318 | +119.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,564 | €8,377 | +€813 | +10.7% |
| Other operating charges | 640/8 | €756 | €771 | +€15 | +2.0% |
| Non-recurring operating charges | 66A | - | €5,023 | +€5,023 | |
| Gross operating margin | 9900 | -€31,179 | €64,641 | +€95,820 | |
| Operating profit (loss) | 9901 | -€39,765 | €49,886 | +€89,651 | |
| Financial income | 75/76B | €21 | €13 | -€8 | -39.1% |
| Recurring financial income | 75 | €21 | €13 | -€8 | -39.1% |
| Financial charges | 65/66B | €1,155 | €426 | -€729 | -63.1% |
| Recurring financial charges | 65 | €736 | €426 | -€310 | -42.1% |
| Non-recurring financial charges | 66B | €419 | - | -€419 | |
| Profit (loss) for the period before taxes | 9903 | -€40,899 | €49,473 | +€90,372 | |
| Income taxes | 67/77 | -€72 | €2,042 | +€2,113 | |
| Profit (loss) for the period | 9904 | -€40,827 | €47,432 | +€88,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,827 | €47,432 | +€88,259 |
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 30 September 2026 via checked.be.