CAROMAX: 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.
CAROMAX
Largest movements
- Financial fixed assets -€12,000
down €12,000 (-2.4%), from €509,007 to €497,007
- Accrued charges and deferred income +€9,464
up €9,464 (+10.7%), from €88,814 to €98,278
- Other debts -€8,988
down €8,988 (-94.0%), from €9,559 to €571
- Current portion of long-term debt -€7,368
no longer reported in 2025 (was €7,368)
- Trade debts -€6,676
down €6,676 (-99.1%), from €6,736 to €60
- Gross operating margin -€10,446
down €10,446 (-34.8%), from €29,987 to €19,541
- Taxes -€932
down €932 (-96.7%), from €964 to €32
- Financial charges -€755
down €755 (-7.3%), from €10,387 to €9,632
- Depreciation +€588
up €588 (+7.8%), from €7,543 to €8,131
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 | €604,789 | €593,864 | -€10,926 | -1.8% |
| Fixed assets | 21/28 | €603,413 | €585,930 | -€17,483 | -2.9% |
| Tangible fixed assets | 22/27 | €94,406 | €88,923 | -€5,483 | -5.8% |
| Land and buildings | 22 | €94,406 | €88,923 | -€5,483 | -5.8% |
| Financial fixed assets | 28 | €509,007 | €497,007 | -€12,000 | -2.4% |
| Current assets | 29/58 | €1,376 | €7,934 | +€6,558 | +476.5% |
| Amounts receivable within one year | 40/41 | - | €2,468 | +€2,468 | |
| Other amounts receivable | 41 | - | €2,468 | +€2,468 | |
| Cash at bank and in hand | 54/58 | €586 | €4,639 | +€4,053 | +691.3% |
| Deferred charges and accrued income | 490/1 | €790 | €827 | +€37 | +4.7% |
| Total equity and liabilities | 10/49 | €604,789 | €593,864 | -€10,926 | -1.8% |
| Equity | 10/15 | €253,304 | €253,627 | +€323 | +0.1% |
| Contributions | 10/11 | €31,500 | €31,500 | = | 0.0% |
| Reserves | 13 | €221,725 | €222,048 | +€323 | +0.1% |
| Non-distributable reserves | 130/1 | €3,150 | €3,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,150 | €3,150 | = | 0.0% |
| Distributable reserves | 133 | €218,575 | €218,898 | +€323 | +0.1% |
| Profit (loss) carried forward | 14 | €80 | €80 | = | 0.0% |
| Amounts payable | 17/49 | €351,485 | €340,236 | -€11,248 | -3.2% |
| Amounts payable after more than one year | 17 | €236,610 | €236,610 | = | 0.0% |
| Financial debts | 170/4 | €236,610 | €236,610 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,061 | €5,348 | -€20,713 | -79.5% |
| Current portion of amounts payable after more than one year | 42 | €7,368 | - | -€7,368 | |
| Trade debts | 44 | €6,736 | €60 | -€6,676 | -99.1% |
| Suppliers | 440/4 | €6,736 | €60 | -€6,676 | -99.1% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €2,398 | €717 | -€1,681 | -70.1% |
| Taxes | 450/3 | €2,398 | €717 | -€1,681 | -70.1% |
| Other amounts payable | 47/48 | €9,559 | €571 | -€8,988 | -94.0% |
| Accrued charges and deferred income | 492/3 | €88,814 | €98,278 | +€9,464 | +10.7% |
| Non-recurring operating income | 76A | - | €717 | +€717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,543 | €8,131 | +€588 | +7.8% |
| Other operating charges | 640/8 | €1,453 | €1,424 | -€29 | -2.0% |
| Gross operating margin | 9900 | €29,987 | €19,541 | -€10,446 | -34.8% |
| Operating profit (loss) | 9901 | €20,992 | €9,986 | -€11,005 | -52.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,387 | €9,632 | -€755 | -7.3% |
| Recurring financial charges | 65 | €10,387 | €9,632 | -€755 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €10,605 | €355 | -€10,250 | -96.7% |
| Income taxes | 67/77 | €964 | €32 | -€932 | -96.7% |
| Profit (loss) for the period | 9904 | €9,641 | €323 | -€9,318 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,641 | €323 | -€9,318 | -96.7% |
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 10 October 2026 via checked.be.