CAROSO: 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.
CAROSO
Largest movements
- Cash -€73,444
down €73,444 (-80.7%), from €91,064 to €17,620
mainly Other debts (-€125,694) and Debts after one year (-€72,315)
- Receivables within one year -€36,427
down €36,427 (-21.0%), from €173,653 to €137,226
of which Other amounts receivable: -€52,914
- Tangible fixed assets -€23,728
down €23,728 (-1.6%), from €1.5m to €1.5m
of which Land and buildings: -€53,978
- Other debts -€125,694
down €125,694 (-62.8%), from €200,016 to €74,321
- Profit (loss) carried forward +€88,446
up €88,446 (+31.6%), from €280,329 to €368,774
- Debts after one year -€72,315
down €72,315 (-6.3%), from €1.1m to €1.1m
- Tax, wage and social debts -€42,048
down €42,048 (-63.7%), from €66,017 to €23,969
- Gross operating margin -€372,679
down €372,679 (-58.7%), from €634,769 to €262,090
- Taxes -€97,717
down €97,717 (-76.2%), from €128,215 to €30,498
- Depreciation +€15,656
up €15,656 (+21.5%), from €72,905 to €88,561
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 | €1,820,800 | €1,695,865 | -€124,935 | -6.9% |
| Fixed assets | 21/28 | €1,526,489 | €1,502,761 | -€23,728 | -1.6% |
| Tangible fixed assets | 22/27 | €1,526,489 | €1,502,761 | -€23,728 | -1.6% |
| Land and buildings | 22 | €1,338,008 | €1,284,030 | -€53,978 | -4.0% |
| Plant, machinery and equipment | 23 | €186,888 | €173,211 | -€13,677 | -7.3% |
| Furniture and vehicles | 24 | €1,592 | €45,520 | +€43,928 | +2,759% |
| Current assets | 29/58 | €294,312 | €193,104 | -€101,208 | -34.4% |
| Amounts receivable after more than one year | 29 | €27,000 | €27,000 | = | 0.0% |
| Other amounts receivable | 291 | €27,000 | €27,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €173,653 | €137,226 | -€36,427 | -21.0% |
| Trade receivables | 40 | €15,735 | €32,222 | +€16,487 | +105% |
| Other amounts receivable | 41 | €157,918 | €105,004 | -€52,914 | -33.5% |
| Cash at bank and in hand | 54/58 | €91,064 | €17,620 | -€73,444 | -80.7% |
| Deferred charges and accrued income | 490/1 | €2,595 | €11,258 | +€8,663 | +334% |
| Total equity and liabilities | 10/49 | €1,820,800 | €1,695,865 | -€124,935 | -6.9% |
| Equity | 10/15 | €315,201 | €403,646 | +€88,446 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,272 | €16,272 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €16,272 | €16,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | €280,329 | €368,774 | +€88,446 | +31.6% |
| Amounts payable | 17/49 | €1,505,600 | €1,292,219 | -€213,381 | -14.2% |
| Amounts payable after more than one year | 17 | €1,144,243 | €1,071,927 | -€72,315 | -6.3% |
| Financial debts | 170/4 | €1,144,243 | €1,071,927 | -€72,315 | -6.3% |
| Amounts payable within one year | 42/48 | €343,623 | €189,426 | -€154,197 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €69,667 | €80,751 | +€11,085 | +15.9% |
| Trade debts | 44 | €7,923 | €10,384 | +€2,461 | +31.1% |
| Suppliers | 440/4 | €7,923 | €10,384 | +€2,461 | +31.1% |
| Taxes, remuneration and social security | 45 | €66,017 | €23,969 | -€42,048 | -63.7% |
| Taxes | 450/3 | €66,017 | €23,969 | -€42,048 | -63.7% |
| Other amounts payable | 47/48 | €200,016 | €74,321 | -€125,694 | -62.8% |
| Accrued charges and deferred income | 492/3 | €17,734 | €30,866 | +€13,131 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,905 | €88,561 | +€15,656 | +21.5% |
| Other operating charges | 640/8 | €5,420 | €6,463 | +€1,043 | +19.2% |
| Gross operating margin | 9900 | €634,769 | €262,090 | -€372,679 | -58.7% |
| Operating profit (loss) | 9901 | €556,444 | €167,066 | -€389,378 | -70.0% |
| Financial income | 75/76B | €797 | €223 | -€574 | -72.0% |
| Recurring financial income | 75 | €797 | €223 | -€574 | -72.0% |
| Financial charges | 65/66B | €53,747 | €48,345 | -€5,402 | -10.1% |
| Recurring financial charges | 65 | €53,747 | €48,345 | -€5,402 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €503,494 | €118,944 | -€384,550 | -76.4% |
| Income taxes | 67/77 | €128,215 | €30,498 | -€97,717 | -76.2% |
| Profit (loss) for the period | 9904 | €375,279 | €88,446 | -€286,833 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €375,279 | €88,446 | -€286,833 | -76.4% |
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 21 October 2026 via checked.be.