CAROLUS TREES: 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.
What changed
CAROLUS TREES
NACE 01.301, Crop and animal production, hunting and related service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€899,041
2024 · €731,124+€167,917
Equity
€4.5m
2024 · €4.2m+€299,041
Cash
€1.3m
2024 · €1.2m+€125,144
Balance sheet total
€9.3m
2024 · €9.2m+€129,844
Largest movements
Assets
- Stocks and contracts +€667,188
up €667,188 (+13.9%), from €4.8m to €5.5m
- Receivables within one year -€375,826
down €375,826 (-22.5%), from €1.7m to €1.3m
of which Trade receivables: -€420,148
- Tangible fixed assets -€231,023
down €231,023 (-20.7%), from €1.1m to €887,569
of which Leasing and similar rights: -€163,670
- Cash +€125,144
up €125,144 (+10.4%), from €1.2m to €1.3m
mainly Net result for the year (+€899,041) and Depreciation (+€398,632)
Equity and liabilities
- Reserves +€336,559
up €336,559 (+8.1%), from €4.2m to €4.5m
of which Distributable reserves: +€709,579
- Advances received -€269,444
down €269,444 (-25.9%), from €1.0m to €769,410
- Debts after one year -€248,276
down €248,276 (-28.9%), from €859,152 to €610,876
- Other debts +€175,000
up €175,000 (+24.1%), from €725,000 to €900,000
- Tax, wage and social debts +€157,890
up €157,890 (+60.3%), from €261,971 to €419,861
of which Taxes: +€144,199
Income statement
- Turnover +€359,018
up €359,018 (+3.5%), from €10.4m to €10.7m
- Services and other goods +€202,398
up €202,398 (+5.1%), from €4.0m to €4.2m
- Other operating income -€158,680
down €158,680 (-18.3%), from €864,960 to €706,279
- Goods and materials -€138,504
down €138,504 (-6.0%), from €2.3m to €2.2m
of which Change in stocks: decrease (increase): -€505,338
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.
Result 2024
€731,124
Turnover
+€359,018
Other operating income
-€158,680
Goods and materials
+€138,504
Services and other goods
-€202,398
Staff costs
-€31,866
Depreciation
+€45,560
Other operating charges
+€23,385
Other operating items
+€15,540
Financial income
-€4,665
Financial charges
+€6,938
Taxes
-€19,910
Deferred taxes and other
-€3,508
Result 2025
€899,041
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€167,474
Financing
-€885,875
Cash 2024
€1.2m
From operations (derived)
+€1.2m
Net result for the year
+€899,041
Depreciation
+€398,632
Stocks and contracts
-€667,188
Receivables within one year
+€375,826
Deferred charges and accrued income
+€55,504
Provisions
-€4,767
Trade debts
+€58,748
Tax, wage and social debts
+€157,890
Advances received
-€269,444
Other debts
+€175,000
Accrued charges and deferred income
-€750
Investment (derived)
-€167,474
Investment in fixed assets (net)
-€167,474
Financing
-€885,875
Debts after one year
-€248,276
Current portion of long-term debt
-€37,600
Contributions, distributions and other
-€600,000
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,215,023 | €9,344,866 | +€129,844 | +1.4% |
| Fixed assets | 21/28 | €1,124,314 | €893,156 | -€231,158 | -20.6% |
| Tangible fixed assets | 22/27 | €1,118,592 | €887,569 | -€231,023 | -20.7% |
| Land and buildings | 22 | €558,946 | €438,820 | -€120,126 | -21.5% |
| Plant, machinery and equipment | 23 | €75,893 | €103,218 | +€27,325 | +36.0% |
| Furniture and vehicles | 24 | €93,936 | €121,671 | +€27,736 | +29.5% |
| Leasing and similar rights | 25 | €378,336 | €214,666 | -€163,670 | -43.3% |
| Other tangible fixed assets | 26 | €11,482 | €9,194 | -€2,288 | -19.9% |
| Financial fixed assets | 28 | €5,722 | €5,587 | -€135 | -2.4% |
| Other financial fixed assets | 284/8 | €5,722 | €5,587 | -€135 | -2.4% |
| Shares | 284 | €4,065 | €4,065 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,656 | €1,521 | -€135 | -8.2% |
| Current assets | 29/58 | €8,090,709 | €8,451,711 | +€361,002 | +4.5% |
| Stocks and contracts in progress | 3 | €4,809,150 | €5,476,338 | +€667,188 | +13.9% |
| Stocks | 30/36 | €4,809,150 | €5,476,338 | +€667,188 | +13.9% |
| Goods purchased for resale | 34 | €4,809,150 | €5,476,338 | +€667,188 | +13.9% |
| Amounts receivable within one year | 40/41 | €1,670,465 | €1,294,640 | -€375,826 | -22.5% |
| Trade receivables | 40 | €1,535,012 | €1,114,865 | -€420,148 | -27.4% |
| Other amounts receivable | 41 | €135,453 | €179,775 | +€44,322 | +32.7% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Other investments | 51/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,200,562 | €1,325,706 | +€125,144 | +10.4% |
| Deferred charges and accrued income | 490/1 | €410,282 | €354,778 | -€55,504 | -13.5% |
| Total equity and liabilities | 10/49 | €9,215,023 | €9,344,866 | +€129,844 | +1.4% |
| Equity | 10/15 | €4,216,815 | €4,515,856 | +€299,041 | +7.1% |
| Contributions | 10/11 | €26,573 | €26,573 | = | 0.0% |
| Revaluation surpluses | 12 | €39,015 | €1,497 | -€37,518 | -96.2% |
| Reserves | 13 | €4,151,226 | €4,487,786 | +€336,559 | +8.1% |
| Tax-exempt reserves | 132 | €418,299 | €45,279 | -€373,020 | -89.2% |
| Distributable reserves | 133 | €3,732,927 | €4,442,506 | +€709,579 | +19.0% |
| Provisions and deferred taxes | 16 | €19,860 | €15,093 | -€4,767 | -24.0% |
| Deferred taxes | 168 | €19,860 | €15,093 | -€4,767 | -24.0% |
| Amounts payable | 17/49 | €4,978,348 | €4,813,917 | -€164,431 | -3.3% |
| Amounts payable after more than one year | 17 | €859,152 | €610,876 | -€248,276 | -28.9% |
| Financial debts | 170/4 | €859,152 | €610,876 | -€248,276 | -28.9% |
| Leasing and similar obligations | 172 | €183,212 | €89,626 | -€93,586 | -51.1% |
| Credit institutions | 173 | €675,939 | €521,250 | -€154,689 | -22.9% |
| Amounts payable within one year | 42/48 | €4,118,307 | €4,202,902 | +€84,595 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €285,875 | €248,276 | -€37,600 | -13.2% |
| Trade debts | 44 | €1,806,607 | €1,865,355 | +€58,748 | +3.3% |
| Suppliers | 440/4 | €1,806,607 | €1,865,355 | +€58,748 | +3.3% |
| Advances received on contracts in progress | 46 | €1,038,854 | €769,410 | -€269,444 | -25.9% |
| Taxes, remuneration and social security | 45 | €261,971 | €419,861 | +€157,890 | +60.3% |
| Taxes | 450/3 | €44,656 | €188,855 | +€144,199 | +323% |
| Remuneration and social security | 454/9 | €217,315 | €231,006 | +€13,691 | +6.3% |
| Other amounts payable | 47/48 | €725,000 | €900,000 | +€175,000 | +24.1% |
| Accrued charges and deferred income | 492/3 | €889 | €139 | -€750 | -84.4% |
| Operating income | 70/76A | €11,234,973 | €11,450,851 | +€215,877 | +1.9% |
| Turnover | 70 | €10,370,014 | €10,729,031 | +€359,018 | +3.5% |
| Other operating income | 74 | €864,960 | €706,279 | -€158,680 | -18.3% |
| Non-recurring operating income | 76A | - | €15,540 | +€15,540 | |
| Operating charges | 60/66A | €10,331,496 | €10,358,310 | +€26,814 | +0.3% |
| Goods for resale, raw materials and consumables | 60 | €2,289,829 | €2,151,324 | -€138,504 | -6.0% |
| Purchases | 600/8 | €2,451,679 | €2,818,512 | +€366,833 | +15.0% |
| Change in stocks: decrease (increase) | 609 | -€161,850 | -€667,188 | -€505,338 | -312% |
| Services and other goods | 61 | €3,951,391 | €4,153,789 | +€202,398 | +5.1% |
| Remuneration, social security and pensions | 62 | €3,556,261 | €3,588,127 | +€31,866 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444,192 | €398,632 | -€45,560 | -10.3% |
| Other operating charges | 640/8 | €89,823 | €66,438 | -€23,385 | -26.0% |
| Operating profit (loss) | 9901 | €903,477 | €1,092,540 | +€189,063 | +20.9% |
| Financial income | 75/76B | €5,751 | €1,086 | -€4,665 | -81.1% |
| Recurring financial income | 75 | €5,751 | €1,086 | -€4,665 | -81.1% |
| Other financial income | 752/9 | €5,751 | €1,086 | -€4,665 | -81.1% |
| Financial charges | 65/66B | €53,516 | €46,579 | -€6,938 | -13.0% |
| Recurring financial charges | 65 | €53,516 | €46,579 | -€6,938 | -13.0% |
| Debt charges | 650 | €46,874 | €40,221 | -€6,653 | -14.2% |
| Other financial charges | 652/9 | €6,643 | €6,358 | -€285 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €855,712 | €1,047,048 | +€191,336 | +22.4% |
| Transfer from deferred taxes | 780 | €8,275 | €8,652 | +€377 | +4.6% |
| Transfer to deferred taxes | 680 | - | €3,885 | +€3,885 | |
| Income taxes | 67/77 | €132,863 | €152,773 | +€19,910 | +15.0% |
| Taxes | 670/3 | €132,863 | €152,773 | +€19,910 | +15.0% |
| Profit (loss) for the period | 9904 | €731,124 | €899,041 | +€167,917 | +23.0% |
| Transfer from tax-exempt reserves | 789 | €24,825 | €384,675 | +€359,850 | +1,450% |
| Transfer to tax-exempt reserves | 689 | €100,989 | €11,655 | -€89,334 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €654,960 | €1,272,061 | +€617,101 | +94.2% |
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 18 October 2026 via checked.be.