Carnovali: what changed
Two financial 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.
Carnovali
Largest movements
- Cash -€3,559
no longer reported in 2025 (was €3,559)
mainly Receivables within one year (-€2,684) and Net result for the year (-€876)
- Receivables within one year +€2,684
up €2,684 (+5.8%), from €45,930 to €48,613
of which Other amounts receivable: +€2,684
- Profit (loss) carried forward -€876
down €876 (-3.0%), from €29,119 to €28,244
- Gross operating margin +€634
up €634 (+71.3%), from -€890 to -€256
- Other operating charges +€400
new in 2025: €400
- Financial charges +€12
up €12 (+6.0%), from €208 to €220
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.
Derived cash bridge
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 | €49,489 | €48,613 | -€876 | -1.8% |
| Current assets | 29/58 | €49,489 | €48,613 | -€876 | -1.8% |
| Amounts receivable within one year | 40/41 | €45,930 | €48,613 | +€2,684 | +5.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €45,930 | €48,613 | +€2,684 | +5.8% |
| Cash at bank and in hand | 54/58 | €3,559 | - | -€3,559 | |
| Total equity and liabilities | 10/49 | €49,489 | €48,613 | -€876 | -1.8% |
| Equity | 10/15 | €49,489 | €48,613 | -€876 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,770 | €1,770 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,770 | - | -€1,770 | |
| Legal reserve | 130 | €1,770 | - | -€1,770 | |
| Distributable reserves | 133 | - | €1,770 | +€1,770 | |
| Profit (loss) carried forward | 14 | €29,119 | €28,244 | -€876 | -3.0% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€890 | -€256 | +€634 | +71.3% |
| Operating profit (loss) | 9901 | -€890 | -€655 | +€234 | +26.3% |
| Financial charges | 65/66B | €208 | €220 | +€12 | +6.0% |
| Recurring financial charges | 65 | €208 | €220 | +€12 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,097 | -€876 | +€222 | +20.2% |
| Profit (loss) for the period | 9904 | -€1,097 | -€876 | +€222 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,097 | -€876 | +€222 | +20.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.