Carnot Managed IT: 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.
Carnot Managed IT
Largest movements
- Tangible fixed assets +€183,803
up €183,803 (+1080.0%), from €17,019 to €200,822
of which Land and buildings: +€184,538
- Cash -€92,923
down €92,923 (-83.7%), from €111,014 to €18,091
mainly Investment in fixed assets (net) (-€190,700) and Contributions, distributions and other (-€16,979)
- Receivables within one year +€3,345
up €3,345 (+20.4%), from €16,408 to €19,753
of which Other amounts receivable: +€1,844
- Debts after one year +€71,707
new in 2025: €71,707
of which Other amounts payable: +€39,896
- Current portion of long-term debt +€16,908
new in 2025: €16,908
- Reserves +€15,332
up €15,332 (+14.0%), from €109,192 to €124,524
- Tax, wage and social debts -€11,503
down €11,503 (-46.4%), from €24,802 to €13,299
- Other operating charges +€23,648
up €23,648 (+1592.1%), from €1,485 to €25,134
- Taxes -€7,350
down €7,350 (-36.4%), from €20,170 to €12,820
- Gross operating margin -€2,237
down €2,237 (-2.8%), from €80,039 to €77,802
- Depreciation +€1,324
up €1,324 (+23.8%), from €5,573 to €6,897
- Financial charges +€973
up €973 (+645.6%), from €151 to €1,124
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 | €148,385 | €242,627 | +€94,242 | +63.5% |
| Fixed assets | 21/28 | €19,719 | €203,522 | +€183,803 | +932.1% |
| Tangible fixed assets | 22/27 | €17,019 | €200,822 | +€183,803 | +1080.0% |
| Land and buildings | 22 | - | €184,538 | +€184,538 | |
| Furniture and vehicles | 24 | €17,019 | €11,344 | -€5,675 | -33.3% |
| Other tangible fixed assets | 26 | - | €4,940 | +€4,940 | |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €128,666 | €39,105 | -€89,561 | -69.6% |
| Amounts receivable within one year | 40/41 | €16,408 | €19,753 | +€3,345 | +20.4% |
| Trade receivables | 40 | €16,399 | €17,899 | +€1,500 | +9.1% |
| Other amounts receivable | 41 | €9 | €1,854 | +€1,844 | +20136.1% |
| Cash at bank and in hand | 54/58 | €111,014 | €18,091 | -€92,923 | -83.7% |
| Deferred charges and accrued income | 490/1 | €1,244 | €1,261 | +€17 | +1.4% |
| Total equity and liabilities | 10/49 | €148,385 | €242,627 | +€94,242 | +63.5% |
| Equity | 10/15 | €109,192 | €124,524 | +€15,332 | +14.0% |
| Reserves | 13 | €109,192 | €124,524 | +€15,332 | +14.0% |
| Distributable reserves | 133 | €109,192 | €124,524 | +€15,332 | +14.0% |
| Amounts payable | 17/49 | €39,193 | €118,103 | +€78,910 | +201.3% |
| Amounts payable after more than one year | 17 | - | €71,707 | +€71,707 | |
| Financial debts | 170/4 | - | €31,811 | +€31,811 | |
| Other amounts payable | 178/9 | - | €39,896 | +€39,896 | |
| Amounts payable within one year | 42/48 | €39,193 | €46,397 | +€7,203 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | - | €16,908 | +€16,908 | |
| Taxes, remuneration and social security | 45 | €24,802 | €13,299 | -€11,503 | -46.4% |
| Taxes | 450/3 | €24,802 | €13,299 | -€11,503 | -46.4% |
| Other amounts payable | 47/48 | €14,392 | €16,189 | +€1,797 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,573 | €6,897 | +€1,324 | +23.8% |
| Other operating charges | 640/8 | €1,485 | €25,134 | +€23,648 | +1592.1% |
| Gross operating margin | 9900 | €80,039 | €77,802 | -€2,237 | -2.8% |
| Operating profit (loss) | 9901 | €72,981 | €45,771 | -€27,210 | -37.3% |
| Financial income | 75/76B | €187 | €484 | +€297 | +158.5% |
| Recurring financial income | 75 | €187 | €484 | +€297 | +158.5% |
| Financial charges | 65/66B | €151 | €1,124 | +€973 | +645.6% |
| Recurring financial charges | 65 | €151 | €1,124 | +€973 | +645.6% |
| Profit (loss) for the period before taxes | 9903 | €73,017 | €45,131 | -€27,886 | -38.2% |
| Income taxes | 67/77 | €20,170 | €12,820 | -€7,350 | -36.4% |
| Profit (loss) for the period | 9904 | €52,848 | €32,311 | -€20,537 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,848 | €32,311 | -€20,537 | -38.9% |
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 5 October 2026 via checked.be.