CARNOY-CRAYON: 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.
CARNOY-CRAYON
Largest movements
- Tangible fixed assets +€45,827
up €45,827 (+72.0%), from €63,654 to €109,481
of which Land and buildings: +€53,092
- Current investments -€35,090
no longer reported in 2025 (was €35,090)
- Receivables within one year -€5,225
down €5,225 (-26.4%), from €19,812 to €14,587
of which Trade receivables: -€7,600
- Profit (loss) carried forward +€7,381
no longer reported in 2025 (was -€7,381)
- Current portion of long-term debt -€3,956
no longer reported in 2025 (was €3,956)
- Gross operating margin +€16,852
up €16,852 (+476%), from €3,542 to €20,394
- Depreciation +€1,427
up €1,427 (+13.7%), from €10,401 to €11,828
- Financial income -€448
down €448 (-79.9%), from €561 to €113
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 | €124,500 | €129,131 | +€4,631 | +3.7% |
| Fixed assets | 21/28 | €64,175 | €109,810 | +€45,635 | +71.1% |
| Intangible fixed assets | 21 | €521 | €329 | -€192 | -36.9% |
| Tangible fixed assets | 22/27 | €63,654 | €109,481 | +€45,827 | +72.0% |
| Land and buildings | 22 | €46,094 | €99,186 | +€53,092 | +115% |
| Furniture and vehicles | 24 | €17,219 | €10,044 | -€7,175 | -41.7% |
| Other tangible fixed assets | 26 | €341 | €251 | -€90 | -26.4% |
| Current assets | 29/58 | €60,325 | €19,321 | -€41,004 | -68.0% |
| Amounts receivable within one year | 40/41 | €19,812 | €14,587 | -€5,225 | -26.4% |
| Trade receivables | 40 | €8,058 | €458 | -€7,600 | -94.3% |
| Other amounts receivable | 41 | €11,754 | €14,129 | +€2,375 | +20.2% |
| Current investments | 50/53 | €35,090 | - | -€35,090 | |
| Cash at bank and in hand | 54/58 | €3,876 | €4,411 | +€535 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,547 | €323 | -€1,224 | -79.1% |
| Total equity and liabilities | 10/49 | €124,500 | €129,131 | +€4,631 | +3.7% |
| Equity | 10/15 | €116,919 | €124,300 | +€7,381 | +6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,300 | €119,300 | = | 0.0% |
| Distributable reserves | 133 | €119,300 | €119,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,381 | - | +€7,381 | |
| Amounts payable | 17/49 | €7,581 | €4,831 | -€2,750 | -36.3% |
| Amounts payable within one year | 42/48 | €7,179 | €4,370 | -€2,809 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €3,956 | - | -€3,956 | |
| Trade debts | 44 | €599 | €80 | -€519 | -86.6% |
| Suppliers | 440/4 | €599 | €80 | -€519 | -86.6% |
| Advances received on contracts in progress | 46 | - | €575 | +€575 | |
| Taxes, remuneration and social security | 45 | €2,624 | €3,410 | +€786 | +30.0% |
| Taxes | 450/3 | €2,624 | €3,410 | +€786 | +30.0% |
| Other amounts payable | 47/48 | - | €305 | +€305 | |
| Accrued charges and deferred income | 492/3 | €402 | €461 | +€59 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,401 | €11,828 | +€1,427 | +13.7% |
| Other operating charges | 640/8 | €646 | €722 | +€76 | +11.8% |
| Gross operating margin | 9900 | €3,542 | €20,394 | +€16,852 | +476% |
| Operating profit (loss) | 9901 | -€7,505 | €7,844 | +€15,349 | |
| Financial income | 75/76B | €561 | €113 | -€448 | -79.9% |
| Recurring financial income | 75 | €561 | €113 | -€448 | -79.9% |
| Financial charges | 65/66B | €292 | €196 | -€96 | -32.9% |
| Recurring financial charges | 65 | €292 | €196 | -€96 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,236 | €7,761 | +€14,997 | |
| Income taxes | 67/77 | €169 | €75 | -€94 | -55.6% |
| Profit (loss) for the period | 9904 | -€7,405 | €7,686 | +€15,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,405 | €7,686 | +€15,091 |
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 21 October 2026 via checked.be.