Carola: 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.
Carola
Largest movements
- Cash +€14,157
up €14,157 (+21.2%), from €66,721 to €80,878
mainly Net result for the year (+€6,716) and Depreciation (+€5,008)
- Tangible fixed assets -€4,373
down €4,373 (-16.4%), from €26,611 to €22,239
of which Other tangible fixed assets: -€3,395
- Reserves +€6,700
up €6,700 (+11.6%), from €57,594 to €64,294
of which Distributable reserves: +€6,700
- Other debts +€2,503
up €2,503 (+18.2%), from €13,721 to €16,224
- Tax, wage and social debts +€1,667
up €1,667 (+11.3%), from €14,791 to €16,458
of which Remuneration and social security: +€2,686
- Staff costs +€15,575
up €15,575 (+139%), from €11,168 to €26,742
- Gross operating margin +€7,015
up €7,015 (+19.5%), from €35,898 to €42,914
- Taxes -€2,294
down €2,294 (-41.1%), from €5,576 to €3,282
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 | €95,018 | €104,932 | +€9,914 | +10.4% |
| Fixed assets | 21/28 | €26,686 | €22,314 | -€4,373 | -16.4% |
| Tangible fixed assets | 22/27 | €26,611 | €22,239 | -€4,373 | -16.4% |
| Plant, machinery and equipment | 23 | €2,447 | €1,771 | -€676 | -27.6% |
| Furniture and vehicles | 24 | €3,575 | €3,274 | -€301 | -8.4% |
| Other tangible fixed assets | 26 | €20,589 | €17,193 | -€3,395 | -16.5% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €68,332 | €82,618 | +€14,287 | +20.9% |
| Stocks and contracts in progress | 3 | €1,611 | €1,741 | +€130 | +8.1% |
| Stocks | 30/36 | €1,611 | €1,741 | +€130 | +8.1% |
| Cash at bank and in hand | 54/58 | €66,721 | €80,878 | +€14,157 | +21.2% |
| Total equity and liabilities | 10/49 | €95,018 | €104,932 | +€9,914 | +10.4% |
| Equity | 10/15 | €64,727 | €71,443 | +€6,716 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,594 | €64,294 | +€6,700 | +11.6% |
| Non-distributable reserves | 130/1 | €894 | €894 | = | 0.0% |
| Reserves not available under the articles | 1311 | €894 | €894 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €45,500 | €52,200 | +€6,700 | +14.7% |
| Profit (loss) carried forward | 14 | €933 | €949 | +€16 | +1.8% |
| Amounts payable | 17/49 | €30,291 | €33,489 | +€3,197 | +10.6% |
| Amounts payable within one year | 42/48 | €30,291 | €33,489 | +€3,197 | +10.6% |
| Trade debts | 44 | €1,779 | €807 | -€972 | -54.7% |
| Suppliers | 440/4 | €1,779 | €807 | -€972 | -54.7% |
| Taxes, remuneration and social security | 45 | €14,791 | €16,458 | +€1,667 | +11.3% |
| Taxes | 450/3 | €12,374 | €11,355 | -€1,020 | -8.2% |
| Remuneration and social security | 454/9 | €2,417 | €5,103 | +€2,686 | +111% |
| Other amounts payable | 47/48 | €13,721 | €16,224 | +€2,503 | +18.2% |
| Remuneration, social security and pensions | 62 | €11,168 | €26,742 | +€15,575 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,758 | €5,008 | +€250 | +5.3% |
| Other operating charges | 640/8 | €613 | €623 | +€10 | +1.7% |
| Gross operating margin | 9900 | €35,898 | €42,914 | +€7,015 | +19.5% |
| Operating profit (loss) | 9901 | €19,359 | €10,539 | -€8,820 | -45.6% |
| Financial income | 75/76B | €37 | €18 | -€19 | -51.6% |
| Recurring financial income | 75 | €37 | €18 | -€19 | -51.6% |
| Financial charges | 65/66B | €184 | €559 | +€375 | +205% |
| Recurring financial charges | 65 | €184 | €559 | +€375 | +205% |
| Profit (loss) for the period before taxes | 9903 | €19,213 | €9,999 | -€9,214 | -48.0% |
| Income taxes | 67/77 | €5,576 | €3,282 | -€2,294 | -41.1% |
| Profit (loss) for the period | 9904 | €13,637 | €6,716 | -€6,921 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,637 | €6,716 | -€6,921 | -50.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.