CAROLOR: 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.
CAROLOR
Largest movements
- Cash +€34,187
up €34,187 (+270.9%), from €12,620 to €46,806
mainly Net result for the year (+€50,434) and Depreciation (+€8,997)
- Stocks and contracts +€20,150
up €20,150 (+32.7%), from €61,541 to €81,692
- Tangible fixed assets -€8,997
down €8,997 (-21.6%), from €41,739 to €32,742
of which Furniture and vehicles: -€8,453
- Receivables within one year +€4,596
up €4,596 (+35.5%), from €12,947 to €17,544
- Profit (loss) carried forward +€50,434
up €50,434 (+47.5%), from €106,122 to €156,556
- Gross operating margin +€12,474
up €12,474 (+18.0%), from €69,453 to €81,926
- Other operating charges -€7,286
down €7,286 (-79.3%), from €9,190 to €1,904
- Taxes +€4,867
up €4,867 (+31.1%), from €15,667 to €20,534
- Depreciation +€3,395
up €3,395 (+60.6%), from €5,602 to €8,997
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 | €136,083 | €184,239 | +€48,156 | +35.4% |
| Fixed assets | 21/28 | €45,739 | €36,742 | -€8,997 | -19.7% |
| Tangible fixed assets | 22/27 | €41,739 | €32,742 | -€8,997 | -21.6% |
| Plant, machinery and equipment | 23 | €1,736 | €1,192 | -€544 | -31.3% |
| Furniture and vehicles | 24 | €40,003 | €31,550 | -€8,453 | -21.1% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €90,344 | €147,497 | +€57,153 | +63.3% |
| Stocks and contracts in progress | 3 | €61,541 | €81,692 | +€20,150 | +32.7% |
| Stocks | 30/36 | €61,541 | €81,692 | +€20,150 | +32.7% |
| Amounts receivable within one year | 40/41 | €12,947 | €17,544 | +€4,596 | +35.5% |
| Other amounts receivable | 41 | €12,947 | €17,544 | +€4,596 | +35.5% |
| Cash at bank and in hand | 54/58 | €12,620 | €46,806 | +€34,187 | +270.9% |
| Deferred charges and accrued income | 490/1 | €3,236 | €1,455 | -€1,780 | -55.0% |
| Total equity and liabilities | 10/49 | €136,083 | €184,239 | +€48,156 | +35.4% |
| Equity | 10/15 | €112,427 | €162,861 | +€50,434 | +44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105 | €105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €105 | €105 | = | 0.0% |
| Reserves not available under the articles | 1311 | €105 | €105 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,122 | €156,556 | +€50,434 | +47.5% |
| Amounts payable | 17/49 | €23,656 | €21,378 | -€2,278 | -9.6% |
| Amounts payable within one year | 42/48 | €23,656 | €21,378 | -€2,278 | -9.6% |
| Trade debts | 44 | €1,746 | €516 | -€1,229 | -70.4% |
| Suppliers | 440/4 | €1,746 | €516 | -€1,229 | -70.4% |
| Taxes, remuneration and social security | 45 | €21,910 | €20,861 | -€1,049 | -4.8% |
| Taxes | 450/3 | €21,910 | €20,861 | -€1,049 | -4.8% |
| Non-recurring operating income | 76A | €11,557 | - | -€11,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,602 | €8,997 | +€3,395 | +60.6% |
| Other operating charges | 640/8 | €9,190 | €1,904 | -€7,286 | -79.3% |
| Gross operating margin | 9900 | €69,453 | €81,926 | +€12,474 | +18.0% |
| Operating profit (loss) | 9901 | €54,660 | €71,025 | +€16,365 | +29.9% |
| Financial charges | 65/66B | €70 | €58 | -€12 | -17.7% |
| Recurring financial charges | 65 | €70 | €58 | -€12 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €54,590 | €70,968 | +€16,378 | +30.0% |
| Income taxes | 67/77 | €15,667 | €20,534 | +€4,867 | +31.1% |
| Profit (loss) for the period | 9904 | €38,923 | €50,434 | +€11,511 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,923 | €50,434 | +€11,511 | +29.6% |
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 12 October 2026 via checked.be.