CAROMAS: what changed
Two fiscal 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.
CAROMAS
Largest movements
- Current investments +€67,400
up €67,400 (+26.6%), from €253,800 to €321,200
- Cash -€28,884
down €28,884 (-29.1%), from €99,405 to €70,521
mainly Current investments (-€67,400) and Contributions, distributions and other (-€37,977)
- Receivables within one year +€13,965
up €13,965 (+41.7%), from €33,490 to €47,455
of which Other amounts receivable: +€9,705
- Tangible fixed assets +€13,159
up €13,159 (+41.7%), from €31,522 to €44,681
of which Furniture and vehicles: +€15,269
- Reserves +€64,375
up €64,375 (+17.6%), from €365,350 to €429,724
- Other debts -€15,987
no longer reported in 2025 (was €15,987)
- Short-term financial debts +€10,750
up €10,750 (+93.5%), from €11,500 to €22,250
- Tax, wage and social debts +€7,156
up €7,156 (+117.2%), from €6,107 to €13,263
of which Taxes: +€7,906
- Gross operating margin +€55,860
up €55,860 (+37.6%), from €148,426 to €204,287
- Taxes +€16,295
up €16,295 (+68.2%), from €23,885 to €40,180
- Financial income +€2,414
up €2,414 (+19.3%), from €12,476 to €14,890
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.
Cash bridge derived
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 | €418,884 | €484,346 | +€65,462 | +15.6% |
| Fixed assets | 21/28 | €31,662 | €44,821 | +€13,159 | +41.6% |
| Tangible fixed assets | 22/27 | €31,522 | €44,681 | +€13,159 | +41.7% |
| Land and buildings | 22 | €22,600 | €21,840 | -€760 | -3.4% |
| Plant, machinery and equipment | 23 | €3,587 | €2,238 | -€1,350 | -37.6% |
| Furniture and vehicles | 24 | €5,335 | €20,604 | +€15,269 | +286.2% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €387,221 | €439,524 | +€52,303 | +13.5% |
| Amounts receivable within one year | 40/41 | €33,490 | €47,455 | +€13,965 | +41.7% |
| Trade receivables | 40 | €23,213 | €27,473 | +€4,260 | +18.4% |
| Other amounts receivable | 41 | €10,277 | €19,981 | +€9,705 | +94.4% |
| Current investments | 50/53 | €253,800 | €321,200 | +€67,400 | +26.6% |
| Cash at bank and in hand | 54/58 | €99,405 | €70,521 | -€28,884 | -29.1% |
| Deferred charges and accrued income | 490/1 | €527 | €349 | -€178 | -33.8% |
| Total equity and liabilities | 10/49 | €418,884 | €484,346 | +€65,462 | +15.6% |
| Equity | 10/15 | €371,550 | €435,924 | +€64,375 | +17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €365,350 | €429,724 | +€64,375 | +17.6% |
| Distributable reserves | 133 | €365,350 | €429,724 | +€64,375 | +17.6% |
| Amounts payable | 17/49 | €47,334 | €48,421 | +€1,087 | +2.3% |
| Amounts payable within one year | 42/48 | €47,334 | €48,421 | +€1,087 | +2.3% |
| Financial debts | 43 | €11,500 | €22,250 | +€10,750 | +93.5% |
| Other loans | 439 | €11,500 | €22,250 | +€10,750 | +93.5% |
| Trade debts | 44 | €13,740 | €12,908 | -€832 | -6.1% |
| Suppliers | 440/4 | €13,315 | €12,483 | -€832 | -6.2% |
| Bills of exchange payable | 441 | €425 | €425 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,107 | €13,263 | +€7,156 | +117.2% |
| Taxes | 450/3 | €2,496 | €10,402 | +€7,906 | +316.7% |
| Remuneration and social security | 454/9 | €3,611 | €2,860 | -€750 | -20.8% |
| Other amounts payable | 47/48 | €15,987 | - | -€15,987 | |
| Non-recurring operating income | 76A | €450 | €1,000 | +€550 | +122.2% |
| Remuneration, social security and pensions | 62 | €63,625 | €63,963 | +€337 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,054 | €8,742 | +€688 | +8.5% |
| Other operating charges | 640/8 | €2,960 | €2,872 | -€88 | -3.0% |
| Gross operating margin | 9900 | €148,426 | €204,287 | +€55,860 | +37.6% |
| Operating profit (loss) | 9901 | €73,787 | €128,710 | +€54,923 | +74.4% |
| Financial income | 75/76B | €12,476 | €14,890 | +€2,414 | +19.3% |
| Recurring financial income | 75 | €12,476 | €14,890 | +€2,414 | +19.3% |
| Financial charges | 65/66B | €705 | €1,068 | +€363 | +51.5% |
| Recurring financial charges | 65 | €705 | €1,068 | +€363 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €85,559 | €142,532 | +€56,974 | +66.6% |
| Income taxes | 67/77 | €23,885 | €40,180 | +€16,295 | +68.2% |
| Profit (loss) for the period | 9904 | €61,673 | €102,352 | +€40,679 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,673 | €102,352 | +€40,679 | +66.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.