CAROLUC: 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.
CAROLUC
Largest movements
- Stocks and contracts -€18,068
down €18,068 (-100%), from €18,068 to €0
- Cash -€1,747
down €1,747 (-92.5%), from €1,888 to €141
mainly Trade debts (-€85,003) and Current portion of long-term debt (-€74,956)
- Receivables within one year -€486
down €486 (-100%), from €486 to €0
- Profit (loss) carried forward +€105,157
up €105,157 (+37.7%), from -€278,829 to -€173,672
- Trade debts -€85,003
down €85,003 (-49.6%), from €171,503 to €86,500
- Current portion of long-term debt -€74,956
down €74,956 (-76.7%), from €97,768 to €22,812
- Other debts +€34,500
new in 2025: €34,500
- Gross operating margin +€107,923
up €107,923, from -€1,861 to €106,062
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 | €20,443 | €141 | -€20,302 | -99.3% |
| Current assets | 29/58 | €20,443 | €141 | -€20,302 | -99.3% |
| Stocks and contracts in progress | 3 | €18,068 | €0 | -€18,068 | -100% |
| Stocks | 30/36 | €18,068 | €0 | -€18,068 | -100% |
| Amounts receivable within one year | 40/41 | €486 | €0 | -€486 | -100% |
| Other amounts receivable | 41 | €486 | €0 | -€486 | -100% |
| Cash at bank and in hand | 54/58 | €1,888 | €141 | -€1,747 | -92.5% |
| Total equity and liabilities | 10/49 | €20,443 | €141 | -€20,302 | -99.3% |
| Equity | 10/15 | -€248,829 | -€143,672 | +€105,157 | +42.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,829 | -€173,672 | +€105,157 | +37.7% |
| Amounts payable | 17/49 | €269,272 | €143,813 | -€125,459 | -46.6% |
| Amounts payable within one year | 42/48 | €269,272 | €143,813 | -€125,459 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €97,768 | €22,812 | -€74,956 | -76.7% |
| Trade debts | 44 | €171,503 | €86,500 | -€85,003 | -49.6% |
| Suppliers | 440/4 | €171,503 | €86,500 | -€85,003 | -49.6% |
| Other amounts payable | 47/48 | - | €34,500 | +€34,500 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €125,459 | +€125,459 | |
| Other operating charges | 640/8 | €141 | €839 | +€699 | +497% |
| Gross operating margin | 9900 | -€1,861 | €106,062 | +€107,923 | |
| Operating profit (loss) | 9901 | -€2,002 | €105,223 | +€107,225 | |
| Financial charges | 65/66B | €62 | €65 | +€3 | +5.3% |
| Recurring financial charges | 65 | €62 | €65 | +€3 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,064 | €105,157 | +€107,221 | |
| Profit (loss) for the period | 9904 | -€2,064 | €105,157 | +€107,221 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,064 | €105,157 | +€107,221 |
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 14 October 2026 via checked.be.