CAROTTE: 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.
CAROTTE
Largest movements
- Current investments +€302,000
new in 2025: €302,000
- Cash -€20,004
down €20,004 (-54.6%), from €36,664 to €16,660
mainly Current investments (-€302,000) and Contributions, distributions and other (-€1,666)
- Reserves +€223,160
up €223,160 (+536.4%), from €41,606 to €264,766
- Tax, wage and social debts +€59,644
up €59,644 (+510.0%), from €11,695 to €71,340
- Gross operating margin +€237,904
up €237,904 (+415.2%), from €57,301 to €295,205
- Taxes +€59,890
up €59,890 (+535.7%), from €11,180 to €71,070
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 | €58,824 | €341,984 | +€283,161 | +481.4% |
| Current assets | 29/58 | €58,824 | €341,984 | +€283,161 | +481.4% |
| Current investments | 50/53 | - | €302,000 | +€302,000 | |
| Cash at bank and in hand | 54/58 | €36,664 | €16,660 | -€20,004 | -54.6% |
| Deferred charges and accrued income | 490/1 | €22,160 | €23,325 | +€1,165 | +5.3% |
| Total equity and liabilities | 10/49 | €58,824 | €341,984 | +€283,161 | +481.4% |
| Equity | 10/15 | €44,606 | €267,766 | +€223,160 | +500.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,606 | €264,766 | +€223,160 | +536.4% |
| Distributable reserves | 133 | €41,606 | €264,766 | +€223,160 | +536.4% |
| Amounts payable | 17/49 | €14,218 | €74,219 | +€60,001 | +422.0% |
| Amounts payable within one year | 42/48 | €14,218 | €74,219 | +€60,001 | +422.0% |
| Trade debts | 44 | €570 | €1,650 | +€1,080 | +189.5% |
| Suppliers | 440/4 | €570 | €1,650 | +€1,080 | +189.5% |
| Taxes, remuneration and social security | 45 | €11,695 | €71,340 | +€59,644 | +510.0% |
| Taxes | 450/3 | €11,695 | €71,340 | +€59,644 | +510.0% |
| Other amounts payable | 47/48 | €1,953 | €1,229 | -€723 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,720 | - | -€2,720 | |
| Other operating charges | 640/8 | €63 | €20 | -€43 | -68.3% |
| Gross operating margin | 9900 | €57,301 | €295,205 | +€237,904 | +415.2% |
| Operating profit (loss) | 9901 | €54,519 | €295,185 | +€240,666 | +441.4% |
| Financial income | 75/76B | - | €767 | +€767 | |
| Recurring financial income | 75 | - | €767 | +€767 | |
| Financial charges | 65/66B | €15 | €57 | +€42 | +277.9% |
| Recurring financial charges | 65 | €15 | €57 | +€42 | +277.9% |
| Profit (loss) for the period before taxes | 9903 | €54,504 | €295,896 | +€241,392 | +442.9% |
| Income taxes | 67/77 | €11,180 | €71,070 | +€59,890 | +535.7% |
| Profit (loss) for the period | 9904 | €43,324 | €224,826 | +€181,503 | +418.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,324 | €224,826 | +€181,503 | +418.9% |
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 3 October 2026 via checked.be.