CAROLYN-D: 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.
CAROLYN-D
Largest movements
- Tangible fixed assets +€37,999
up €37,999 (+72.7%), from €52,234 to €90,233
of which Leasing and similar rights: +€61,648
- Cash +€1,840
up €1,840 (+23.5%), from €7,845 to €9,685
mainly Debts after one year (+€39,464) and Depreciation (+€19,732)
- Debts after one year +€39,464
up €39,464 (+397%), from €9,937 to €49,401
- Profit (loss) carried forward +€7,003
up €7,003, from -€4,334 to €2,669
- Tax, wage and social debts -€5,842
down €5,842 (-36.5%), from €16,011 to €10,169
of which Remuneration and social security: -€4,469
- Current portion of long-term debt +€5,764
up €5,764 (+73.7%), from €7,815 to €13,579
- Other debts -€4,803
down €4,803 (-20.9%), from €22,985 to €18,182
- Turnover -€236,895
no longer reported in 2025 (was €236,895)
- Purchases and services -€193,923
no longer reported in 2025 (was €193,923)
- Staff costs -€8,112
down €8,112 (-31.7%), from €25,587 to €17,475
- Gross operating margin +€6,605
up €6,605 (+13.4%), from €49,420 to €56,025
- Depreciation +€4,810
up €4,810 (+32.2%), from €14,922 to €19,732
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 | €65,218 | €105,905 | +€40,686 | +62.4% |
| Fixed assets | 21/28 | €52,234 | €90,233 | +€37,999 | +72.7% |
| Tangible fixed assets | 22/27 | €52,234 | €90,233 | +€37,999 | +72.7% |
| Plant, machinery and equipment | 23 | €33,362 | €27,649 | -€5,713 | -17.1% |
| Furniture and vehicles | 24 | €18,872 | €936 | -€17,936 | -95.0% |
| Leasing and similar rights | 25 | - | €61,648 | +€61,648 | |
| Current assets | 29/58 | €12,985 | €15,672 | +€2,687 | +20.7% |
| Stocks and contracts in progress | 3 | €4,196 | €4,632 | +€436 | +10.4% |
| Stocks | 30/36 | €4,196 | €4,632 | +€436 | +10.4% |
| Amounts receivable within one year | 40/41 | €72 | - | -€72 | |
| Other amounts receivable | 41 | €72 | - | -€72 | |
| Cash at bank and in hand | 54/58 | €7,845 | €9,685 | +€1,840 | +23.5% |
| Deferred charges and accrued income | 490/1 | €872 | €1,355 | +€483 | +55.5% |
| Total equity and liabilities | 10/49 | €65,218 | €105,905 | +€40,686 | +62.4% |
| Equity | 10/15 | €666 | €7,669 | +€7,003 | +1,052% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,334 | €2,669 | +€7,003 | |
| Amounts payable | 17/49 | €64,552 | €98,235 | +€33,683 | +52.2% |
| Amounts payable after more than one year | 17 | €9,937 | €49,401 | +€39,464 | +397% |
| Financial debts | 170/4 | €9,937 | €49,401 | +€39,464 | +397% |
| Amounts payable within one year | 42/48 | €53,216 | €48,370 | -€4,846 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €7,815 | €13,579 | +€5,764 | +73.7% |
| Trade debts | 44 | €6,404 | €6,440 | +€36 | +0.6% |
| Suppliers | 440/4 | €6,404 | €6,440 | +€36 | +0.6% |
| Taxes, remuneration and social security | 45 | €16,011 | €10,169 | -€5,842 | -36.5% |
| Taxes | 450/3 | €9,465 | €8,092 | -€1,373 | -14.5% |
| Remuneration and social security | 454/9 | €6,546 | €2,077 | -€4,469 | -68.3% |
| Other amounts payable | 47/48 | €22,985 | €18,182 | -€4,803 | -20.9% |
| Accrued charges and deferred income | 492/3 | €1,400 | €464 | -€936 | -66.8% |
| Turnover | 70 | €236,895 | - | -€236,895 | |
| Goods, raw materials, services and sundry goods | 60/61 | €193,923 | - | -€193,923 | |
| Remuneration, social security and pensions | 62 | €25,587 | €17,475 | -€8,112 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,922 | €19,732 | +€4,810 | +32.2% |
| Other operating charges | 640/8 | €4,774 | €5,157 | +€383 | +8.0% |
| Gross operating margin | 9900 | €49,420 | €56,025 | +€6,605 | +13.4% |
| Operating profit (loss) | 9901 | €4,136 | €13,661 | +€9,524 | +230% |
| Financial income | 75/76B | €3 | €0 | -€3 | -87.9% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -87.9% |
| Financial charges | 65/66B | €1,738 | €3,627 | +€1,889 | +109% |
| Recurring financial charges | 65 | €1,738 | €3,627 | +€1,889 | +109% |
| Profit (loss) for the period before taxes | 9903 | €2,402 | €10,034 | +€7,632 | +318% |
| Income taxes | 67/77 | €2,335 | €3,030 | +€695 | +29.8% |
| Profit (loss) for the period | 9904 | €67 | €7,003 | +€6,937 | +10,406% |
| Profit (loss) for the period to be appropriated | 9905 | €67 | €7,003 | +€6,937 | +10,406% |
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.