CARNOTUS IMMO: 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.
CARNOTUS IMMO
Largest movements
- Financial fixed assets -€470,294
down €470,294 (-70.0%), from €672,018 to €201,724
- Cash +€302,034
up €302,034 (+1027.1%), from €29,406 to €331,440
mainly Investment in fixed assets (net) (+€462,808) and Other debts (+€74,592)
- Receivables after one year +€159,674
new in 2025: €159,674
- Tangible fixed assets -€36,274
down €36,274 (-4.5%), from €812,434 to €776,159
- Debts after one year -€121,042
down €121,042 (-17.7%), from €684,570 to €563,528
of which Financial debts: -€122,207
- Other debts +€74,592
up €74,592 (+158.7%), from €47,000 to €121,592
- Reserves -€20,000
down €20,000 (-6.5%), from €308,047 to €288,047
- Other operating charges +€8,106
up €8,106 (+53.7%), from €15,088 to €23,194
- Gross operating margin +€5,446
up €5,446 (+3.4%), from €158,519 to €163,965
- Taxes +€4,727
up €4,727 (+25.3%), from €18,720 to €23,447
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 | €1,527,752 | €1,479,174 | -€48,578 | -3.2% |
| Fixed assets | 21/28 | €1,484,451 | €977,883 | -€506,568 | -34.1% |
| Tangible fixed assets | 22/27 | €812,434 | €776,159 | -€36,274 | -4.5% |
| Land and buildings | 22 | €812,434 | €776,159 | -€36,274 | -4.5% |
| Financial fixed assets | 28 | €672,018 | €201,724 | -€470,294 | -70.0% |
| Current assets | 29/58 | €43,301 | €501,292 | +€457,990 | +1057.7% |
| Amounts receivable after more than one year | 29 | - | €159,674 | +€159,674 | |
| Other amounts receivable | 291 | - | €159,674 | +€159,674 | |
| Amounts receivable within one year | 40/41 | €11,399 | €7,496 | -€3,903 | -34.2% |
| Trade receivables | 40 | €11,399 | €7,496 | -€3,903 | -34.2% |
| Cash at bank and in hand | 54/58 | €29,406 | €331,440 | +€302,034 | +1027.1% |
| Deferred charges and accrued income | 490/1 | €2,497 | €2,682 | +€185 | +7.4% |
| Total equity and liabilities | 10/49 | €1,527,752 | €1,479,174 | -€48,578 | -3.2% |
| Equity | 10/15 | €648,478 | €639,635 | -€8,844 | -1.4% |
| Contributions | 10/11 | €473 | €473 | = | 0.0% |
| Reserves | 13 | €308,047 | €288,047 | -€20,000 | -6.5% |
| Distributable reserves | 133 | €308,047 | €288,047 | -€20,000 | -6.5% |
| Profit (loss) carried forward | 14 | €339,958 | €351,114 | +€11,156 | +3.3% |
| Amounts payable | 17/49 | €879,274 | €839,540 | -€39,734 | -4.5% |
| Amounts payable after more than one year | 17 | €684,570 | €563,528 | -€121,042 | -17.7% |
| Financial debts | 170/4 | €665,294 | €543,086 | -€122,207 | -18.4% |
| Other amounts payable | 178/9 | €19,276 | €20,442 | +€1,165 | +6.0% |
| Amounts payable within one year | 42/48 | €194,704 | €276,012 | +€81,308 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €119,697 | €126,103 | +€6,405 | +5.4% |
| Trade debts | 44 | €8,980 | €9,149 | +€169 | +1.9% |
| Suppliers | 440/4 | €8,980 | €9,149 | +€169 | +1.9% |
| Taxes, remuneration and social security | 45 | €19,026 | €19,168 | +€142 | +0.7% |
| Taxes | 450/3 | €19,026 | €19,168 | +€142 | +0.7% |
| Other amounts payable | 47/48 | €47,000 | €121,592 | +€74,592 | +158.7% |
| Non-recurring operating income | 76A | - | €20,231 | +€20,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,058 | €43,760 | -€1,298 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €492 | -€412 | -€904 | |
| Other operating charges | 640/8 | €15,088 | €23,194 | +€8,106 | +53.7% |
| Gross operating margin | 9900 | €158,519 | €163,965 | +€5,446 | +3.4% |
| Operating profit (loss) | 9901 | €97,881 | €97,422 | -€459 | -0.5% |
| Financial income | 75/76B | €815 | €760 | -€55 | -6.7% |
| Recurring financial income | 75 | €815 | €760 | -€55 | -6.7% |
| Financial charges | 65/66B | €24,333 | €23,579 | -€754 | -3.1% |
| Recurring financial charges | 65 | €24,333 | €23,579 | -€754 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €74,362 | €74,604 | +€241 | +0.3% |
| Income taxes | 67/77 | €18,720 | €23,447 | +€4,727 | +25.3% |
| Profit (loss) for the period | 9904 | €55,642 | €51,156 | -€4,486 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,642 | €51,156 | -€4,486 | -8.1% |
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 6 October 2026 via checked.be.