CAROCOXARO: 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.
CAROCOXARO
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-10.8%), from €277,459 to €247,459
- Cash -€10,931
down €10,931 (-42.3%), from €25,845 to €14,914
mainly Net result for the year (-€96,744) and Debts after one year (-€20,662)
- Profit (loss) carried forward -€96,744
down €96,744 (-204%), from -€47,476 to -€144,220
- Other debts +€79,446
up €79,446 (+48.1%), from €165,040 to €244,486
- Debts after one year -€20,662
down €20,662 (-17.7%), from €116,463 to €95,801
- Tax, wage and social debts -€6,895
down €6,895 (-18.6%), from €37,099 to €30,204
of which Remuneration and social security: -€5,806
- Gross operating margin -€50,522
down €50,522 (-18.6%), from €271,000 to €220,478
- Staff costs -€14,920
down €14,920 (-5.2%), from €288,667 to €273,747
- Depreciation +€7,965
up €7,965 (+34.3%), from €23,251 to €31,215
- Other operating charges +€4,560
up €4,560 (+435%), from €1,049 to €5,609
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 | €322,687 | €277,502 | -€45,186 | -14.0% |
| Fixed assets | 21/28 | €282,085 | €250,870 | -€31,215 | -11.1% |
| Intangible fixed assets | 21 | €277,459 | €247,459 | -€30,000 | -10.8% |
| Tangible fixed assets | 22/27 | €4,626 | €3,411 | -€1,215 | -26.3% |
| Plant, machinery and equipment | 23 | €4,626 | €3,411 | -€1,215 | -26.3% |
| Current assets | 29/58 | €40,602 | €26,632 | -€13,970 | -34.4% |
| Stocks and contracts in progress | 3 | €5,503 | €6,069 | +€566 | +10.3% |
| Stocks | 30/36 | €5,503 | €6,069 | +€566 | +10.3% |
| Amounts receivable within one year | 40/41 | €6,329 | €3,207 | -€3,122 | -49.3% |
| Trade receivables | 40 | €5,057 | €1,435 | -€3,622 | -71.6% |
| Other amounts receivable | 41 | €1,271 | €1,772 | +€500 | +39.3% |
| Cash at bank and in hand | 54/58 | €25,845 | €14,914 | -€10,931 | -42.3% |
| Deferred charges and accrued income | 490/1 | €2,926 | €2,442 | -€484 | -16.5% |
| Total equity and liabilities | 10/49 | €322,687 | €277,502 | -€45,186 | -14.0% |
| Equity | 10/15 | -€37,476 | -€134,220 | -€96,744 | -258% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,476 | -€144,220 | -€96,744 | -204% |
| Amounts payable | 17/49 | €360,163 | €411,722 | +€51,558 | +14.3% |
| Amounts payable after more than one year | 17 | €116,463 | €95,801 | -€20,662 | -17.7% |
| Financial debts | 170/4 | €116,463 | €95,801 | -€20,662 | -17.7% |
| Amounts payable within one year | 42/48 | €243,701 | €315,921 | +€72,220 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €23,304 | €23,712 | +€408 | +1.8% |
| Trade debts | 44 | €18,258 | €17,518 | -€739 | -4.0% |
| Suppliers | 440/4 | €18,258 | €17,518 | -€739 | -4.0% |
| Taxes, remuneration and social security | 45 | €37,099 | €30,204 | -€6,895 | -18.6% |
| Taxes | 450/3 | €8,700 | €7,612 | -€1,088 | -12.5% |
| Remuneration and social security | 454/9 | €28,399 | €22,593 | -€5,806 | -20.4% |
| Other amounts payable | 47/48 | €165,040 | €244,486 | +€79,446 | +48.1% |
| Remuneration, social security and pensions | 62 | €288,667 | €273,747 | -€14,920 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,251 | €31,215 | +€7,965 | +34.3% |
| Other operating charges | 640/8 | €1,049 | €5,609 | +€4,560 | +435% |
| Gross operating margin | 9900 | €271,000 | €220,478 | -€50,522 | -18.6% |
| Operating profit (loss) | 9901 | -€41,967 | -€90,094 | -€48,127 | -115% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €5,510 | €6,650 | +€1,140 | +20.7% |
| Recurring financial charges | 65 | €5,510 | €6,650 | +€1,140 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,476 | -€96,744 | -€49,268 | -104% |
| Profit (loss) for the period | 9904 | -€47,476 | -€96,744 | -€49,268 | -104% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,476 | -€96,744 | -€49,268 | -104% |
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 18 October 2026 via checked.be.