CAROIL: 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.
CAROIL
Largest movements
- Receivables within one year -€106,782
down €106,782 (-34.9%), from €306,093 to €199,311
of which Other amounts receivable: -€100,982
- Tangible fixed assets -€62,222
down €62,222 (-18.8%), from €330,767 to €268,545
of which Land and buildings: -€36,797
- Cash -€13,344
down €13,344 (-40.4%), from €33,035 to €19,691
mainly Trade debts (-€78,354) and Debts after one year (-€40,159)
- Trade debts -€78,354
down €78,354 (-68.8%), from €113,851 to €35,497
- Debts after one year -€40,159
down €40,159 (-30.3%), from €132,377 to €92,219
- Current portion of long-term debt -€31,748
down €31,748 (-47.5%), from €66,906 to €35,159
- Other debts -€20,774
down €20,774 (-85.8%), from €24,221 to €3,447
- Tax, wage and social debts -€12,076
down €12,076 (-33.0%), from €36,593 to €24,517
- Depreciation +€25,329
up €25,329 (+60.1%), from €42,166 to €67,496
- Gross operating margin -€21,188
down €21,188 (-19.1%), from €110,899 to €89,712
- Taxes -€11,003
down €11,003 (-93.4%), from €11,784 to €781
- Other operating charges +€4,611
up €4,611 (+65.2%), from €7,069 to €11,680
- Financial charges +€2,212
up €2,212 (+34.6%), from €6,393 to €8,606
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 | €676,606 | €496,385 | -€180,222 | -26.6% |
| Fixed assets | 21/28 | €332,406 | €270,184 | -€62,222 | -18.7% |
| Tangible fixed assets | 22/27 | €330,767 | €268,545 | -€62,222 | -18.8% |
| Land and buildings | 22 | €244,560 | €207,763 | -€36,797 | -15.0% |
| Furniture and vehicles | 24 | €70,236 | €57,456 | -€12,780 | -18.2% |
| Leasing and similar rights | 25 | €15,970 | €3,326 | -€12,645 | -79.2% |
| Financial fixed assets | 28 | €1,640 | €1,640 | = | 0.0% |
| Current assets | 29/58 | €344,200 | €226,200 | -€118,000 | -34.3% |
| Stocks and contracts in progress | 3 | €3,379 | €5,275 | +€1,896 | +56.1% |
| Stocks | 30/36 | €3,379 | €5,275 | +€1,896 | +56.1% |
| Amounts receivable within one year | 40/41 | €306,093 | €199,311 | -€106,782 | -34.9% |
| Trade receivables | 40 | €59,061 | €53,262 | -€5,800 | -9.8% |
| Other amounts receivable | 41 | €247,031 | €146,049 | -€100,982 | -40.9% |
| Cash at bank and in hand | 54/58 | €33,035 | €19,691 | -€13,344 | -40.4% |
| Deferred charges and accrued income | 490/1 | €1,693 | €1,923 | +€230 | +13.6% |
| Total equity and liabilities | 10/49 | €676,606 | €496,385 | -€180,222 | -26.6% |
| Equity | 10/15 | €302,659 | €304,303 | +€1,644 | +0.5% |
| Contributions | 10/11 | €236,000 | €236,000 | = | 0.0% |
| Capital | 10 | €236,000 | €236,000 | = | 0.0% |
| Issued capital | 100 | €236,000 | €236,000 | = | 0.0% |
| Reserves | 13 | €66,659 | €68,303 | +€1,644 | +2.5% |
| Non-distributable reserves | 130/1 | €23,600 | €23,600 | = | 0.0% |
| Legal reserve | 130 | €23,600 | €23,600 | = | 0.0% |
| Distributable reserves | 133 | €43,059 | €44,703 | +€1,644 | +3.8% |
| Amounts payable | 17/49 | €373,948 | €192,082 | -€181,866 | -48.6% |
| Amounts payable after more than one year | 17 | €132,377 | €92,219 | -€40,159 | -30.3% |
| Financial debts | 170/4 | €132,377 | €92,219 | -€40,159 | -30.3% |
| Amounts payable within one year | 42/48 | €241,571 | €98,619 | -€142,951 | -59.2% |
| Current portion of amounts payable after more than one year | 42 | €66,906 | €35,159 | -€31,748 | -47.5% |
| Trade debts | 44 | €113,851 | €35,497 | -€78,354 | -68.8% |
| Suppliers | 440/4 | €113,851 | €35,497 | -€78,354 | -68.8% |
| Taxes, remuneration and social security | 45 | €36,593 | €24,517 | -€12,076 | -33.0% |
| Taxes | 450/3 | €36,593 | €24,517 | -€12,076 | -33.0% |
| Other amounts payable | 47/48 | €24,221 | €3,447 | -€20,774 | -85.8% |
| Accrued charges and deferred income | 492/3 | - | €1,243 | +€1,243 | |
| Non-recurring operating income | 76A | €119 | €1,483 | +€1,364 | +1,146% |
| Remuneration, social security and pensions | 62 | €891 | €0 | -€891 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,166 | €67,496 | +€25,329 | +60.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €215 | +€215 | |
| Other operating charges | 640/8 | €7,069 | €11,680 | +€4,611 | +65.2% |
| Gross operating margin | 9900 | €110,899 | €89,712 | -€21,188 | -19.1% |
| Operating profit (loss) | 9901 | €60,772 | €10,321 | -€50,451 | -83.0% |
| Financial income | 75/76B | €3 | €710 | +€707 | +25,441% |
| Recurring financial income | 75 | €3 | €710 | +€707 | +25,441% |
| Financial charges | 65/66B | €6,393 | €8,606 | +€2,212 | +34.6% |
| Recurring financial charges | 65 | €6,393 | €8,606 | +€2,212 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €54,382 | €2,425 | -€51,956 | -95.5% |
| Income taxes | 67/77 | €11,784 | €781 | -€11,003 | -93.4% |
| Profit (loss) for the period | 9904 | €42,598 | €1,644 | -€40,953 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,598 | €1,644 | -€40,953 | -96.1% |
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 26 October 2026 via checked.be.