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
- Tangible fixed assets -€28,512
down €28,512 (-20.1%), from €142,014 to €113,502
of which Land and buildings: -€28,339
- Cash +€2,760
up €2,760 (+287%), from €963 to €3,722
mainly Depreciation (+€29,077) and Net result for the year (+€5,597)
- Receivables within one year -€2,306
down €2,306 (-14.8%), from €15,565 to €13,259
of which Trade receivables: -€2,306
- Debts after one year -€21,429
down €21,429 (-48.0%), from €44,643 to €23,214
- Other debts -€13,091
down €13,091 (-18.1%), from €72,505 to €59,414
- Profit (loss) carried forward +€5,597
up €5,597 (+3.7%), from -€152,698 to -€147,101
- Other operating charges +€5,489
up €5,489 (+1,040%), from €528 to €6,017
- Financial charges +€3,527
up €3,527 (+83.2%), from €4,238 to €7,765
- Gross operating margin +€1,654
up €1,654 (+3.5%), from €46,801 to €48,455
- Depreciation -€666
down €666 (-2.2%), from €29,743 to €29,077
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,542 | €130,541 | -€28,001 | -17.7% |
| Fixed assets | 21/28 | €142,014 | €113,502 | -€28,512 | -20.1% |
| Tangible fixed assets | 22/27 | €142,014 | €113,502 | -€28,512 | -20.1% |
| Land and buildings | 22 | €141,331 | €112,992 | -€28,339 | -20.1% |
| Plant, machinery and equipment | 23 | €683 | €0 | -€683 | -100% |
| Furniture and vehicles | 24 | - | €510 | +€510 | |
| Current assets | 29/58 | €16,528 | €17,039 | +€511 | +3.1% |
| Amounts receivable within one year | 40/41 | €15,565 | €13,259 | -€2,306 | -14.8% |
| Trade receivables | 40 | €15,565 | €13,259 | -€2,306 | -14.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €963 | €3,722 | +€2,760 | +287% |
| Deferred charges and accrued income | 490/1 | - | €57 | +€57 | |
| Total equity and liabilities | 10/49 | €158,542 | €130,541 | -€28,001 | -17.7% |
| Equity | 10/15 | -€811 | €4,786 | +€5,597 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,887 | €1,887 | = | 0.0% |
| Distributable reserves | 133 | €1,887 | €1,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,698 | -€147,101 | +€5,597 | +3.7% |
| Amounts payable | 17/49 | €159,353 | €125,755 | -€33,598 | -21.1% |
| Amounts payable after more than one year | 17 | €44,643 | €23,214 | -€21,429 | -48.0% |
| Financial debts | 170/4 | €44,643 | €23,214 | -€21,429 | -48.0% |
| Amounts payable within one year | 42/48 | €114,710 | €102,540 | -€12,169 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €41,072 | €41,072 | = | 0.0% |
| Trade debts | 44 | €1,063 | €902 | -€161 | -15.1% |
| Suppliers | 440/4 | €1,063 | €902 | -€161 | -15.1% |
| Taxes, remuneration and social security | 45 | €70 | €1,153 | +€1,082 | +1,536% |
| Taxes | 450/3 | €70 | €1,153 | +€1,082 | +1,536% |
| Other amounts payable | 47/48 | €72,505 | €59,414 | -€13,091 | -18.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,743 | €29,077 | -€666 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €528 | €6,017 | +€5,489 | +1,040% |
| Gross operating margin | 9900 | €46,801 | €48,455 | +€1,654 | +3.5% |
| Operating profit (loss) | 9901 | €16,530 | €13,362 | -€3,169 | -19.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,238 | €7,765 | +€3,527 | +83.2% |
| Recurring financial charges | 65 | €4,238 | €7,765 | +€3,527 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €12,293 | €5,597 | -€6,696 | -54.5% |
| Profit (loss) for the period | 9904 | €12,293 | €5,597 | -€6,696 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,293 | €5,597 | -€6,696 | -54.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.