CAROM: 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.
CAROM
Largest movements
- Receivables within one year -€72,500
down €72,500 (-89.5%), from €81,000 to €8,500
- Other debts -€328,863
down €328,863 (-40.8%), from €806,993 to €478,130
- Reserves +€280,293
up €280,293 (+69.5%), from €403,407 to €683,699
of which Distributable reserves: +€280,293
- Trade debts -€31,091
down €31,091 (-95.6%), from €32,522 to €1,431
- Advances received +€27,000
new in 2025: €27,000
- Financial income +€146,641
up €146,641 (+97.5%), from €150,359 to €297,000
- Gross operating margin -€22,186
down €22,186 (-27.8%), from €79,719 to €57,533
- Financial charges -€15,507
down €15,507 (-27.0%), from €57,469 to €41,962
- Taxes +€10,138
up €10,138 (+48.1%), from €21,088 to €31,226
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 | €1,900,608 | €1,830,090 | -€70,518 | -3.7% |
| Fixed assets | 21/28 | €1,807,369 | €1,806,463 | -€906 | -0.1% |
| Tangible fixed assets | 22/27 | €2,541 | €1,634 | -€906 | -35.7% |
| Furniture and vehicles | 24 | €2,541 | €1,634 | -€906 | -35.7% |
| Financial fixed assets | 28 | €1,804,829 | €1,804,829 | = | 0.0% |
| Current assets | 29/58 | €93,239 | €23,627 | -€69,612 | -74.7% |
| Amounts receivable within one year | 40/41 | €81,000 | €8,500 | -€72,500 | -89.5% |
| Trade receivables | 40 | €81,000 | €8,500 | -€72,500 | -89.5% |
| Cash at bank and in hand | 54/58 | €12,239 | €11,585 | -€654 | -5.3% |
| Deferred charges and accrued income | 490/1 | - | €3,542 | +€3,542 | |
| Total equity and liabilities | 10/49 | €1,900,608 | €1,830,090 | -€70,518 | -3.7% |
| Equity | 10/15 | €987,593 | €1,267,885 | +€280,293 | +28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,407 | €683,699 | +€280,293 | +69.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €401,547 | €681,839 | +€280,293 | +69.8% |
| Profit (loss) carried forward | 14 | €565,586 | €565,586 | = | 0.0% |
| Amounts payable | 17/49 | €913,016 | €562,205 | -€350,811 | -38.4% |
| Amounts payable after more than one year | 17 | €1,910 | €0 | -€1,910 | -100% |
| Financial debts | 170/4 | €1,910 | €0 | -€1,910 | -100% |
| Amounts payable within one year | 42/48 | €908,331 | €562,205 | -€346,126 | -38.1% |
| Trade debts | 44 | €32,522 | €1,431 | -€31,091 | -95.6% |
| Suppliers | 440/4 | €32,522 | €1,431 | -€31,091 | -95.6% |
| Advances received on contracts in progress | 46 | - | €27,000 | +€27,000 | |
| Taxes, remuneration and social security | 45 | €68,815 | €55,644 | -€13,171 | -19.1% |
| Taxes | 450/3 | €46,251 | €52,137 | +€5,886 | +12.7% |
| Remuneration and social security | 454/9 | €22,564 | €3,507 | -€19,057 | -84.5% |
| Other amounts payable | 47/48 | €806,993 | €478,130 | -€328,863 | -40.8% |
| Accrued charges and deferred income | 492/3 | €2,775 | €0 | -€2,775 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €907 | €906 | -€0 | 0.0% |
| Other operating charges | 640/8 | €90 | €146 | +€56 | +62.3% |
| Gross operating margin | 9900 | €79,719 | €57,533 | -€22,186 | -27.8% |
| Operating profit (loss) | 9901 | €78,722 | €56,480 | -€22,242 | -28.3% |
| Financial income | 75/76B | €150,359 | €297,000 | +€146,641 | +97.5% |
| Recurring financial income | 75 | €150,359 | €297,000 | +€146,641 | +97.5% |
| Financial charges | 65/66B | €57,469 | €41,962 | -€15,507 | -27.0% |
| Recurring financial charges | 65 | €57,469 | €41,962 | -€15,507 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €171,612 | €311,518 | +€139,906 | +81.5% |
| Income taxes | 67/77 | €21,088 | €31,226 | +€10,138 | +48.1% |
| Profit (loss) for the period | 9904 | €150,525 | €280,293 | +€129,768 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €150,525 | €280,293 | +€129,768 | +86.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.