Carol@work: 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.
Carol@work
Largest movements
- Stocks and contracts +€45,000
new in 2025: €45,000
- Tangible fixed assets +€39,836
up €39,836 (+204%), from €19,507 to €59,343
of which Furniture and vehicles: +€40,211
- Cash -€29,686
down €29,686 (-89.6%), from €33,148 to €3,462
mainly Stocks and contracts (-€45,000) and Investment in fixed assets (net) (-€30,045)
- Financial fixed assets -€20,000
no longer reported in 2025 (was €20,000)
- Receivables within one year -€16,669
down €16,669 (-30.2%), from €55,106 to €38,437
of which Other amounts receivable: -€20,095
- Debts after one year +€33,117
new in 2025: €33,117
- Tax, wage and social debts -€29,600
down €29,600 (-67.7%), from €43,723 to €14,123
- Current portion of long-term debt +€11,608
new in 2025: €11,608
- Reserves +€5,070
up €5,070 (+5.6%), from €90,529 to €95,599
- Gross operating margin -€24,247
down €24,247 (-50.9%), from €47,628 to €23,381
- Taxes -€7,744
down €7,744 (-53.4%), from €14,493 to €6,749
- Depreciation +€5,917
up €5,917 (+138%), from €4,292 to €10,209
- Financial charges +€942
up €942 (+603%), from €156 to €1,098
- Other operating charges +€533
up €533 (+26.1%), from €2,044 to €2,577
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 | €142,447 | €163,182 | +€20,736 | +14.6% |
| Fixed assets | 21/28 | €39,507 | €59,343 | +€19,836 | +50.2% |
| Tangible fixed assets | 22/27 | €19,507 | €59,343 | +€39,836 | +204% |
| Plant, machinery and equipment | 23 | €1,837 | €1,463 | -€374 | -20.4% |
| Furniture and vehicles | 24 | €17,670 | €57,880 | +€40,211 | +228% |
| Financial fixed assets | 28 | €20,000 | - | -€20,000 | |
| Current assets | 29/58 | €102,940 | €103,839 | +€899 | +0.9% |
| Amounts receivable after more than one year | 29 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 291 | €12,000 | €12,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €45,000 | +€45,000 | |
| Stocks | 30/36 | - | €45,000 | +€45,000 | |
| Amounts receivable within one year | 40/41 | €55,106 | €38,437 | -€16,669 | -30.2% |
| Trade receivables | 40 | €9,255 | €12,682 | +€3,427 | +37.0% |
| Other amounts receivable | 41 | €45,851 | €25,756 | -€20,095 | -43.8% |
| Cash at bank and in hand | 54/58 | €33,148 | €3,462 | -€29,686 | -89.6% |
| Deferred charges and accrued income | 490/1 | €2,686 | €4,940 | +€2,254 | +83.9% |
| Total equity and liabilities | 10/49 | €142,447 | €163,182 | +€20,736 | +14.6% |
| Equity | 10/15 | €95,529 | €100,599 | +€5,070 | +5.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,529 | €95,599 | +€5,070 | +5.6% |
| Distributable reserves | 133 | €90,529 | €95,599 | +€5,070 | +5.6% |
| Amounts payable | 17/49 | €46,918 | €62,583 | +€15,665 | +33.4% |
| Amounts payable after more than one year | 17 | - | €33,117 | +€33,117 | |
| Financial debts | 170/4 | - | €33,117 | +€33,117 | |
| Amounts payable within one year | 42/48 | €46,644 | €29,401 | -€17,243 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | - | €11,608 | +€11,608 | |
| Financial debts | 43 | €1,000 | €1,875 | +€875 | +87.5% |
| Other loans | 439 | €1,000 | €1,875 | +€875 | +87.5% |
| Trade debts | 44 | €1,921 | €1,795 | -€126 | -6.6% |
| Suppliers | 440/4 | €1,921 | €1,795 | -€126 | -6.6% |
| Taxes, remuneration and social security | 45 | €43,723 | €14,123 | -€29,600 | -67.7% |
| Taxes | 450/3 | €43,723 | €14,123 | -€29,600 | -67.7% |
| Accrued charges and deferred income | 492/3 | €274 | €66 | -€208 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,292 | €10,209 | +€5,917 | +138% |
| Other operating charges | 640/8 | €2,044 | €2,577 | +€533 | +26.1% |
| Gross operating margin | 9900 | €47,628 | €23,381 | -€24,247 | -50.9% |
| Operating profit (loss) | 9901 | €41,292 | €10,595 | -€30,697 | -74.3% |
| Financial income | 75/76B | €1,874 | €2,322 | +€448 | +23.9% |
| Recurring financial income | 75 | €1,874 | €2,322 | +€448 | +23.9% |
| Financial charges | 65/66B | €156 | €1,098 | +€942 | +603% |
| Recurring financial charges | 65 | €156 | €1,098 | +€942 | +603% |
| Profit (loss) for the period before taxes | 9903 | €43,010 | €11,819 | -€31,191 | -72.5% |
| Income taxes | 67/77 | €14,493 | €6,749 | -€7,744 | -53.4% |
| Profit (loss) for the period | 9904 | €28,517 | €5,070 | -€23,447 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,517 | €5,070 | -€23,447 | -82.2% |
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 24 October 2026 via checked.be.