CARODES: 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.
CARODES
Largest movements
- Deferred charges and accrued income -€8,256
down €8,256 (-100%), from €8,256 to €0
- Financial fixed assets +€6,000
up €6,000 (+60.0%), from €10,000 to €16,000
- Receivables within one year +€4,862
up €4,862 (+27.1%), from €17,950 to €22,812
- Tangible fixed assets -€2,457
down €2,457 (-100%), from €2,457 to €0
- Other debts +€4,900
up €4,900 (+126%), from €3,888 to €8,788
- Profit (loss) carried forward -€3,462
down €3,462 (-2.4%), from -€145,226 to -€148,689
- Trade debts -€1,285
down €1,285 (-1.0%), from €124,171 to €122,886
- Financial charges +€3,394
up €3,394 (+780%), from €435 to €3,829
of which Non-recurring financial charges: +€3,394
- Depreciation -€2,924
down €2,924 (-54.3%), from €5,382 to €2,457
- Financial income -€718
down €718 (-100%), from €718 to €0
- Gross operating margin -€40
down €40 (-1.1%), from €3,474 to €3,434
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 | €51,525 | €51,670 | +€145 | +0.3% |
| Fixed assets | 21/28 | €12,457 | €16,000 | +€3,543 | +28.4% |
| Tangible fixed assets | 22/27 | €2,457 | €0 | -€2,457 | -100% |
| Furniture and vehicles | 24 | €2,457 | €0 | -€2,457 | -100% |
| Financial fixed assets | 28 | €10,000 | €16,000 | +€6,000 | +60.0% |
| Current assets | 29/58 | €39,068 | €35,670 | -€3,398 | -8.7% |
| Stocks and contracts in progress | 3 | €12,675 | €12,675 | = | 0.0% |
| Stocks | 30/36 | €12,675 | €12,675 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,950 | €22,812 | +€4,862 | +27.1% |
| Other amounts receivable | 41 | €17,950 | €22,812 | +€4,862 | +27.1% |
| Cash at bank and in hand | 54/58 | €186 | €182 | -€4 | -2.1% |
| Deferred charges and accrued income | 490/1 | €8,256 | €0 | -€8,256 | -100% |
| Total equity and liabilities | 10/49 | €51,525 | €51,670 | +€145 | +0.3% |
| Equity | 10/15 | -€77,276 | -€80,739 | -€3,462 | -4.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,950 | €5,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,950 | €5,950 | = | 0.0% |
| Legal reserve | 130 | €5,950 | €5,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,226 | -€148,689 | -€3,462 | -2.4% |
| Amounts payable | 17/49 | €128,801 | €132,409 | +€3,607 | +2.8% |
| Amounts payable within one year | 42/48 | €128,801 | €132,409 | +€3,607 | +2.8% |
| Trade debts | 44 | €124,171 | €122,886 | -€1,285 | -1.0% |
| Suppliers | 440/4 | €124,171 | €122,886 | -€1,285 | -1.0% |
| Taxes, remuneration and social security | 45 | €743 | €735 | -€8 | -1.1% |
| Taxes | 450/3 | €743 | €735 | -€8 | -1.1% |
| Other amounts payable | 47/48 | €3,888 | €8,788 | +€4,900 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €2,457 | -€2,924 | -54.3% |
| Other operating charges | 640/8 | €593 | €610 | +€17 | +2.9% |
| Gross operating margin | 9900 | €3,474 | €3,434 | -€40 | -1.1% |
| Operating profit (loss) | 9901 | -€2,500 | €367 | +€2,867 | |
| Financial income | 75/76B | €718 | €0 | -€718 | -100% |
| Recurring financial income | 75 | €718 | €0 | -€718 | -100% |
| Financial charges | 65/66B | €435 | €3,829 | +€3,394 | +780% |
| Recurring financial charges | 65 | €435 | €435 | = | 0.0% |
| Non-recurring financial charges | 66B | - | €3,394 | +€3,394 | |
| Profit (loss) for the period before taxes | 9903 | -€2,218 | -€3,462 | -€1,245 | -56.1% |
| Profit (loss) for the period | 9904 | -€2,218 | -€3,462 | -€1,245 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,218 | -€3,462 | -€1,245 | -56.1% |
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.