CAROLUS VAN DIJCK: 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.
CAROLUS VAN DIJCK
Largest movements
- Cash -€287,829
down €287,829 (-44.9%), from €641,504 to €353,675
mainly Investment in fixed assets (net) (-€321,807) and Trade debts (-€129,358)
- Tangible fixed assets +€172,144
up €172,144 (+19.8%), from €869,181 to €1.0m
of which Land and buildings: +€196,678
- Deferred charges and accrued income +€114,969
up €114,969 (+1,723%), from €6,673 to €121,642
- Receivables within one year +€103,754
up €103,754 (+11.2%), from €923,360 to €1.0m
of which Other amounts receivable: +€56,690
- Trade debts -€129,358
down €129,358 (-42.0%), from €307,645 to €178,287
- Debts after one year +€101,908
up €101,908 (+245%), from €41,591 to €143,499
- Reserves +€85,469
up €85,469 (+4.3%), from €2.0m to €2.1m
of which Distributable reserves: +€85,469
- Current portion of long-term debt +€28,289
up €28,289 (+75.4%), from €37,521 to €65,811
- Provisions +€124,675
up €124,675 (+89.3%), from -€139,675 to -€15,000
- Staff costs -€110,936
down €110,936 (-23.4%), from €474,953 to €364,017
- Depreciation +€24,000
up €24,000 (+19.1%), from €125,663 to €149,663
- Gross operating margin +€19,471
up €19,471 (+3.1%), from €627,714 to €647,185
- Other operating charges +€18,436
up €18,436 (+219%), from €8,429 to €26,865
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 | €2,628,670 | €2,746,613 | +€117,943 | +4.5% |
| Fixed assets | 21/28 | €869,481 | €1,041,625 | +€172,144 | +19.8% |
| Tangible fixed assets | 22/27 | €869,181 | €1,041,325 | +€172,144 | +19.8% |
| Land and buildings | 22 | €575,333 | €772,011 | +€196,678 | +34.2% |
| Plant, machinery and equipment | 23 | €255,149 | €239,798 | -€15,351 | -6.0% |
| Furniture and vehicles | 24 | €38,699 | €29,516 | -€9,182 | -23.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,759,189 | €1,704,988 | -€54,201 | -3.1% |
| Stocks and contracts in progress | 3 | €187,652 | €202,558 | +€14,906 | +7.9% |
| Stocks | 30/36 | €187,652 | €202,558 | +€14,906 | +7.9% |
| Amounts receivable within one year | 40/41 | €923,360 | €1,027,114 | +€103,754 | +11.2% |
| Trade receivables | 40 | €578,403 | €625,467 | +€47,064 | +8.1% |
| Other amounts receivable | 41 | €344,958 | €401,647 | +€56,690 | +16.4% |
| Cash at bank and in hand | 54/58 | €641,504 | €353,675 | -€287,829 | -44.9% |
| Deferred charges and accrued income | 490/1 | €6,673 | €121,642 | +€114,969 | +1,723% |
| Total equity and liabilities | 10/49 | €2,628,670 | €2,746,613 | +€117,943 | +4.5% |
| Equity | 10/15 | €1,990,349 | €2,075,818 | +€85,469 | +4.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,971,349 | €2,056,818 | +€85,469 | +4.3% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,931,949 | €2,017,418 | +€85,469 | +4.4% |
| Provisions and deferred taxes | 16 | €15,000 | - | -€15,000 | |
| Provisions for liabilities and charges | 160/5 | €15,000 | - | -€15,000 | |
| Major repairs and maintenance | 162 | €15,000 | - | -€15,000 | |
| Amounts payable | 17/49 | €623,321 | €670,795 | +€47,474 | +7.6% |
| Amounts payable after more than one year | 17 | €41,591 | €143,499 | +€101,908 | +245% |
| Financial debts | 170/4 | €41,591 | €143,499 | +€101,908 | +245% |
| Amounts payable within one year | 42/48 | €570,819 | €490,716 | -€80,103 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €37,521 | €65,811 | +€28,289 | +75.4% |
| Trade debts | 44 | €307,645 | €178,287 | -€129,358 | -42.0% |
| Suppliers | 440/4 | €307,645 | €178,287 | -€129,358 | -42.0% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €86,968 | €97,496 | +€10,528 | +12.1% |
| Taxes | 450/3 | €47,530 | €55,139 | +€7,609 | +16.0% |
| Remuneration and social security | 454/9 | €39,439 | €42,358 | +€2,919 | +7.4% |
| Other amounts payable | 47/48 | €138,685 | €147,122 | +€8,437 | +6.1% |
| Accrued charges and deferred income | 492/3 | €10,911 | €36,581 | +€25,670 | +235% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €474,953 | €364,017 | -€110,936 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,663 | €149,663 | +€24,000 | +19.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€139,675 | -€15,000 | +€124,675 | +89.3% |
| Other operating charges | 640/8 | €8,429 | €26,865 | +€18,436 | +219% |
| Gross operating margin | 9900 | €627,714 | €647,185 | +€19,471 | +3.1% |
| Operating profit (loss) | 9901 | €158,345 | €121,641 | -€36,704 | -23.2% |
| Financial income | 75/76B | €2,804 | €1,390 | -€1,414 | -50.4% |
| Recurring financial income | 75 | €2,804 | €1,390 | -€1,414 | -50.4% |
| Financial charges | 65/66B | €14,491 | €15,273 | +€782 | +5.4% |
| Recurring financial charges | 65 | €14,491 | €15,273 | +€782 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €146,657 | €107,757 | -€38,900 | -26.5% |
| Income taxes | 67/77 | €38,478 | €22,288 | -€16,190 | -42.1% |
| Profit (loss) for the period | 9904 | €108,179 | €85,469 | -€22,710 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,179 | €85,469 | -€22,710 | -21.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.