Carolec: 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.
Carolec
Largest movements
- Tangible fixed assets +€91,920
up €91,920 (+17.8%), from €517,589 to €609,509
of which Furniture and vehicles: +€136,298
- Receivables within one year -€46,162
down €46,162 (-61.1%), from €75,612 to €29,450
of which Other amounts receivable: -€47,662
- Cash -€16,487
down €16,487 (-3.8%), from €434,073 to €417,586
mainly Investment in fixed assets (net) (-€183,474) and Contributions, distributions and other (-€103,835)
- Debts after one year +€43,364
up €43,364 (+274.8%), from €15,782 to €59,146
- Reserves -€38,305
down €38,305 (-5.7%), from €668,700 to €630,395
of which Distributable reserves: -€38,305
- Current portion of long-term debt +€26,117
up €26,117 (+113.6%), from €22,988 to €49,105
- Tax, wage and social debts -€11,405
down €11,405 (-42.1%), from €27,100 to €15,695
of which Remuneration and social security: -€7,989
- Gross operating margin +€30,152
up €30,152 (+7.1%), from €426,584 to €456,736
- Depreciation +€27,966
up €27,966 (+44.0%), from €63,588 to €91,554
- Taxes +€21,413
up €21,413 (+77.1%), from €27,756 to €49,169
- Financial income -€14,289
down €14,289 (-99.8%), from €14,323 to €34
of which Non-recurring financial income: -€14,323
- Other operating charges -€4,853
down €4,853 (-36.1%), from €13,452 to €8,599
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.
Cash bridge derived
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 | €1,066,272 | €1,092,420 | +€26,148 | +2.5% |
| Fixed assets | 21/28 | €518,464 | €610,384 | +€91,920 | +17.7% |
| Tangible fixed assets | 22/27 | €517,589 | €609,509 | +€91,920 | +17.8% |
| Land and buildings | 22 | €462,215 | €428,939 | -€33,276 | -7.2% |
| Plant, machinery and equipment | 23 | €37,226 | €26,124 | -€11,102 | -29.8% |
| Furniture and vehicles | 24 | €18,148 | €154,446 | +€136,298 | +751.0% |
| Financial fixed assets | 28 | €875 | €875 | = | 0.0% |
| Current assets | 29/58 | €547,808 | €482,036 | -€65,772 | -12.0% |
| Amounts receivable within one year | 40/41 | €75,612 | €29,450 | -€46,162 | -61.1% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €75,612 | €27,950 | -€47,662 | -63.0% |
| Cash at bank and in hand | 54/58 | €434,073 | €417,586 | -€16,487 | -3.8% |
| Deferred charges and accrued income | 490/1 | €38,123 | €35,000 | -€3,123 | -8.2% |
| Total equity and liabilities | 10/49 | €1,066,272 | €1,092,420 | +€26,148 | +2.5% |
| Equity | 10/15 | €883,020 | €844,715 | -€38,305 | -4.3% |
| Contributions | 10/11 | €214,320 | €214,320 | = | 0.0% |
| Reserves | 13 | €668,700 | €630,395 | -€38,305 | -5.7% |
| Non-distributable reserves | 130/1 | €26,643 | €26,643 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,643 | €26,643 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,986 | €42,986 | = | 0.0% |
| Distributable reserves | 133 | €599,071 | €560,766 | -€38,305 | -6.4% |
| Amounts payable | 17/49 | €183,252 | €247,705 | +€64,453 | +35.2% |
| Amounts payable after more than one year | 17 | €15,782 | €59,146 | +€43,364 | +274.8% |
| Financial debts | 170/4 | €15,782 | €59,146 | +€43,364 | +274.8% |
| Amounts payable within one year | 42/48 | €163,807 | €186,228 | +€22,421 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €22,988 | €49,105 | +€26,117 | +113.6% |
| Trade debts | 44 | €23,124 | €20,365 | -€2,759 | -11.9% |
| Suppliers | 440/4 | €23,124 | €20,365 | -€2,759 | -11.9% |
| Advances received on contracts in progress | 46 | €2,420 | €2,420 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,100 | €15,695 | -€11,405 | -42.1% |
| Taxes | 450/3 | €8,608 | €5,192 | -€3,416 | -39.7% |
| Remuneration and social security | 454/9 | €18,492 | €10,503 | -€7,989 | -43.2% |
| Other amounts payable | 47/48 | €88,175 | €98,643 | +€10,468 | +11.9% |
| Accrued charges and deferred income | 492/3 | €3,663 | €2,331 | -€1,332 | -36.4% |
| Remuneration, social security and pensions | 62 | €234,519 | €235,959 | +€1,440 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,588 | €91,554 | +€27,966 | +44.0% |
| Other operating charges | 640/8 | €13,452 | €8,599 | -€4,853 | -36.1% |
| Gross operating margin | 9900 | €426,584 | €456,736 | +€30,152 | +7.1% |
| Operating profit (loss) | 9901 | €115,025 | €120,624 | +€5,599 | +4.9% |
| Financial income | 75/76B | €14,323 | €34 | -€14,289 | -99.8% |
| Recurring financial income | 75 | €14,323 | €34 | -€14,289 | -99.8% |
| Non-recurring financial income | 76B | €14,323 | - | -€14,323 | |
| Financial charges | 65/66B | €4,290 | €5,959 | +€1,669 | +38.9% |
| Recurring financial charges | 65 | €4,290 | €5,959 | +€1,669 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €125,058 | €114,699 | -€10,359 | -8.3% |
| Transfer from deferred taxes | 780 | €5,479 | - | -€5,479 | |
| Income taxes | 67/77 | €27,756 | €49,169 | +€21,413 | +77.1% |
| Profit (loss) for the period | 9904 | €102,781 | €65,530 | -€37,251 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,781 | €65,530 | -€37,251 | -36.2% |
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 10 October 2026 via checked.be.