Carouge: 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.
Carouge
Largest movements
- Receivables after one year +€134,850
new in 2025: €134,850
- Tangible fixed assets +€96,896
up €96,896 (+161%), from €60,211 to €157,107
of which Land and buildings: +€118,031
- Cash -€77,725
down €77,725 (-88.3%), from €88,015 to €10,290
mainly Receivables after one year (-€134,850) and Investment in fixed assets (net) (-€124,802)
- Receivables within one year +€4,725
up €4,725 (+19.8%), from €23,912 to €28,637
of which Other amounts receivable: +€4,943
- Debts after one year +€122,127
new in 2025: €122,127
- Trade debts +€21,375
up €21,375 (+1,476%), from €1,449 to €22,823
- Current portion of long-term debt +€12,024
new in 2025: €12,024
- Taxes -€6,170
down €6,170 (-77.8%), from €7,927 to €1,757
- Depreciation +€4,411
up €4,411 (+18.8%), from €23,495 to €27,906
- Gross operating margin -€3,730
down €3,730 (-8.6%), from €43,154 to €39,424
- Financial charges +€3,601
up €3,601 (+199%), from €1,807 to €5,408
- Other operating charges +€1,160
up €1,160 (+139%), from €837 to €1,997
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 | €172,138 | €330,884 | +€158,745 | +92.2% |
| Fixed assets | 21/28 | €60,211 | €157,107 | +€96,896 | +161% |
| Tangible fixed assets | 22/27 | €60,211 | €157,107 | +€96,896 | +161% |
| Land and buildings | 22 | €18,160 | €136,191 | +€118,031 | +650% |
| Plant, machinery and equipment | 23 | €162 | - | -€162 | |
| Furniture and vehicles | 24 | €41,890 | €20,917 | -€20,973 | -50.1% |
| Current assets | 29/58 | €111,927 | €173,776 | +€61,849 | +55.3% |
| Amounts receivable after more than one year | 29 | - | €134,850 | +€134,850 | |
| Trade receivables | 290 | - | €134,850 | +€134,850 | |
| Amounts receivable within one year | 40/41 | €23,912 | €28,637 | +€4,725 | +19.8% |
| Trade receivables | 40 | €19,037 | €18,819 | -€218 | -1.1% |
| Other amounts receivable | 41 | €4,875 | €9,818 | +€4,943 | +101% |
| Cash at bank and in hand | 54/58 | €88,015 | €10,290 | -€77,725 | -88.3% |
| Total equity and liabilities | 10/49 | €172,138 | €330,884 | +€158,745 | +92.2% |
| Equity | 10/15 | €161,542 | €163,918 | +€2,376 | +1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €156,542 | €158,918 | +€2,376 | +1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €154,682 | €157,058 | +€2,376 | +1.5% |
| Amounts payable | 17/49 | €10,596 | €166,966 | +€156,370 | +1,476% |
| Amounts payable after more than one year | 17 | - | €122,127 | +€122,127 | |
| Financial debts | 170/4 | - | €122,127 | +€122,127 | |
| Amounts payable within one year | 42/48 | €10,534 | €42,815 | +€32,280 | +306% |
| Current portion of amounts payable after more than one year | 42 | - | €12,024 | +€12,024 | |
| Trade debts | 44 | €1,449 | €22,823 | +€21,375 | +1,476% |
| Suppliers | 440/4 | €1,449 | €22,823 | +€21,375 | +1,476% |
| Taxes, remuneration and social security | 45 | €8,505 | €7,967 | -€538 | -6.3% |
| Taxes | 450/3 | €5,443 | €4,528 | -€916 | -16.8% |
| Remuneration and social security | 454/9 | €3,062 | €3,440 | +€378 | +12.3% |
| Other amounts payable | 47/48 | €581 | - | -€581 | |
| Accrued charges and deferred income | 492/3 | €62 | €2,024 | +€1,963 | +3,166% |
| Non-recurring operating income | 76A | €382 | - | -€382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,495 | €27,906 | +€4,411 | +18.8% |
| Other operating charges | 640/8 | €837 | €1,997 | +€1,160 | +139% |
| Gross operating margin | 9900 | €43,154 | €39,424 | -€3,730 | -8.6% |
| Operating profit (loss) | 9901 | €18,822 | €9,521 | -€9,301 | -49.4% |
| Financial income | 75/76B | €773 | €20 | -€753 | -97.4% |
| Recurring financial income | 75 | €773 | €20 | -€753 | -97.4% |
| Financial charges | 65/66B | €1,807 | €5,408 | +€3,601 | +199% |
| Recurring financial charges | 65 | €1,807 | €5,408 | +€3,601 | +199% |
| Profit (loss) for the period before taxes | 9903 | €17,788 | €4,133 | -€13,655 | -76.8% |
| Income taxes | 67/77 | €7,927 | €1,757 | -€6,170 | -77.8% |
| Profit (loss) for the period | 9904 | €9,860 | €2,376 | -€7,485 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,860 | €2,376 | -€7,485 | -75.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.