CAROMAR: 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.
CAROMAR
Largest movements
- Cash -€27,254
down €27,254 (-21.6%), from €125,891 to €98,637
mainly Contributions, distributions and other (-€26,667) and Receivables within one year (-€18,843)
- Receivables within one year +€18,843
up €18,843 (+80.2%), from €23,506 to €42,350
of which Trade receivables: +€36,317
- Stocks and contracts -€9,444
down €9,444 (-40.3%), from €23,438 to €13,994
- Deferred charges and accrued income -€2,901
down €2,901 (-21.9%), from €13,220 to €10,319
- Reserves -€22,573
down €22,573 (-14.6%), from €154,704 to €132,130
- Tax, wage and social debts +€2,790
up €2,790 (+25.5%), from €10,947 to €13,737
of which Taxes: +€2,733
- Trade debts -€2,151
down €2,151 (-19.2%), from €11,198 to €9,048
- Gross operating margin +€1,363
up €1,363 (+2.1%), from €64,177 to €65,540
- Staff costs +€1,003
up €1,003 (+1.9%), from €52,094 to €53,097
- Financial charges -€856
down €856 (-35.7%), from €2,399 to €1,543
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 | €195,449 | €173,597 | -€21,852 | -11.2% |
| Fixed assets | 21/28 | €9,394 | €8,298 | -€1,096 | -11.7% |
| Tangible fixed assets | 22/27 | €5,794 | €4,698 | -€1,096 | -18.9% |
| Plant, machinery and equipment | 23 | €1,277 | €431 | -€846 | -66.2% |
| Furniture and vehicles | 24 | €531 | €283 | -€248 | -46.7% |
| Other tangible fixed assets | 26 | €3,986 | €3,984 | -€3 | -0.1% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €186,055 | €165,299 | -€20,756 | -11.2% |
| Stocks and contracts in progress | 3 | €23,438 | €13,994 | -€9,444 | -40.3% |
| Stocks | 30/36 | €23,438 | €13,994 | -€9,444 | -40.3% |
| Amounts receivable within one year | 40/41 | €23,506 | €42,350 | +€18,843 | +80.2% |
| Trade receivables | 40 | €4,722 | €41,039 | +€36,317 | +769% |
| Other amounts receivable | 41 | €18,784 | €1,310 | -€17,474 | -93.0% |
| Cash at bank and in hand | 54/58 | €125,891 | €98,637 | -€27,254 | -21.6% |
| Deferred charges and accrued income | 490/1 | €13,220 | €10,319 | -€2,901 | -21.9% |
| Total equity and liabilities | 10/49 | €195,449 | €173,597 | -€21,852 | -11.2% |
| Equity | 10/15 | €173,304 | €150,730 | -€22,573 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,704 | €132,130 | -€22,573 | -14.6% |
| Distributable reserves | 133 | €154,704 | €132,130 | -€22,573 | -14.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,146 | €22,867 | +€721 | +3.3% |
| Amounts payable within one year | 42/48 | €22,146 | €22,785 | +€639 | +2.9% |
| Trade debts | 44 | €11,198 | €9,048 | -€2,151 | -19.2% |
| Suppliers | 440/4 | €11,198 | €9,048 | -€2,151 | -19.2% |
| Taxes, remuneration and social security | 45 | €10,947 | €13,737 | +€2,790 | +25.5% |
| Taxes | 450/3 | €6,833 | €9,566 | +€2,733 | +40.0% |
| Remuneration and social security | 454/9 | €4,114 | €4,171 | +€57 | +1.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €82 | +€82 | |
| Remuneration, social security and pensions | 62 | €52,094 | €53,097 | +€1,003 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066 | €1,514 | +€448 | +42.0% |
| Other operating charges | 640/8 | €2,492 | €2,972 | +€480 | +19.2% |
| Gross operating margin | 9900 | €64,177 | €65,540 | +€1,363 | +2.1% |
| Operating profit (loss) | 9901 | €8,524 | €7,958 | -€566 | -6.6% |
| Financial income | 75/76B | €627 | €975 | +€349 | +55.6% |
| Recurring financial income | 75 | €627 | €975 | +€349 | +55.6% |
| Financial charges | 65/66B | €2,399 | €1,543 | -€856 | -35.7% |
| Recurring financial charges | 65 | €2,399 | €1,543 | -€856 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €6,752 | €7,390 | +€639 | +9.5% |
| Income taxes | 67/77 | €2,732 | €3,297 | +€565 | +20.7% |
| Profit (loss) for the period | 9904 | €4,020 | €4,093 | +€73 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,020 | €4,093 | +€73 | +1.8% |
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 16 October 2026 via checked.be.