Carnotim: 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.
Carnotim
Largest movements
- Cash +€49,843
up €49,843 (+188.2%), from €26,480 to €76,324
mainly Receivables within one year (+€37,230) and Net result for the year (+€7,093)
- Receivables within one year -€37,230
down €37,230 (-6.0%), from €617,271 to €580,040
No liability line moved by more than 1% of the balance sheet total.
- Taxes -€76,577
down €76,577 (-97.0%), from €78,953 to €2,376
- Gross operating margin +€1,453
up €1,453 (+37.8%), from -€3,846 to -€2,393
- Financial income -€173
down €173 (-1.4%), from €12,257 to €12,084
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 | €1,026,584 | €1,032,187 | +€5,604 | +0.5% |
| Current assets | 29/58 | €1,026,584 | €1,032,187 | +€5,604 | +0.5% |
| Amounts receivable after more than one year | 29 | €382,833 | €375,824 | -€7,009 | -1.8% |
| Other amounts receivable | 291 | €382,833 | €375,824 | -€7,009 | -1.8% |
| Amounts receivable within one year | 40/41 | €617,271 | €580,040 | -€37,230 | -6.0% |
| Other amounts receivable | 41 | €617,271 | €580,040 | -€37,230 | -6.0% |
| Cash at bank and in hand | 54/58 | €26,480 | €76,324 | +€49,843 | +188.2% |
| Total equity and liabilities | 10/49 | €1,026,584 | €1,032,187 | +€5,604 | +0.5% |
| Equity | 10/15 | €1,024,865 | €1,031,958 | +€7,093 | +0.7% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €776,971 | €784,065 | +€7,093 | +0.9% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €752,182 | €759,275 | +€7,093 | +0.9% |
| Amounts payable | 17/49 | €1,719 | €229 | -€1,490 | -86.7% |
| Amounts payable within one year | 42/48 | €1,719 | €229 | -€1,490 | -86.7% |
| Trade debts | 44 | €751 | €229 | -€522 | -69.5% |
| Suppliers | 440/4 | €751 | €229 | -€522 | -69.5% |
| Other amounts payable | 47/48 | €968 | - | -€968 | |
| Other operating charges | 640/8 | €182 | €186 | +€4 | +2.1% |
| Gross operating margin | 9900 | -€3,846 | -€2,393 | +€1,453 | +37.8% |
| Operating profit (loss) | 9901 | -€4,027 | -€2,579 | +€1,449 | +36.0% |
| Financial income | 75/76B | €12,257 | €12,084 | -€173 | -1.4% |
| Recurring financial income | 75 | €12,257 | €12,084 | -€173 | -1.4% |
| Financial charges | 65/66B | €54 | €36 | -€18 | -33.1% |
| Recurring financial charges | 65 | €54 | €36 | -€18 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €8,176 | €9,469 | +€1,293 | +15.8% |
| Transfer from deferred taxes | 780 | €77,212 | - | -€77,212 | |
| Income taxes | 67/77 | €78,953 | €2,376 | -€76,577 | -97.0% |
| Profit (loss) for the period | 9904 | €6,435 | €7,093 | +€658 | +10.2% |
| Transfer from tax-exempt reserves | 789 | €231,636 | - | -€231,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €238,071 | €7,093 | -€230,977 | -97.0% |
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 3 October 2026 via checked.be.