CAROZI: 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.
CAROZI
Largest movements
- Receivables within one year +€718,509
up €718,509 (+527%), from €136,309 to €854,817
- Cash -€674,910
down €674,910 (-51.6%), from €1.3m to €634,304
mainly Receivables within one year (-€718,509) and Other debts (-€148,500)
- Reserves +€264,191
up €264,191 (+21.1%), from €1.3m to €1.5m
of which Distributable reserves: +€264,191
- Other debts -€148,500
down €148,500 (-100%), from €148,500 to €0
- Tax, wage and social debts -€74,084
down €74,084 (-46.9%), from €157,987 to €83,903
- Financial income -€821,467
down €821,467 (-73.1%), from €1.1m to €302,908
- Taxes -€72,784
down €72,784 (-71.5%), from €101,725 to €28,941
- Gross operating margin -€3,882
down €3,882 (-83.0%), from -€4,678 to -€8,560
- Other operating charges +€411
up €411, from €0 to €411
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,158,473 | €2,202,403 | +€43,931 | +2.0% |
| Fixed assets | 21/28 | €602,950 | €603,282 | +€332 | +0.1% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €602,950 | €603,282 | +€332 | +0.1% |
| Current assets | 29/58 | €1,555,523 | €1,599,121 | +€43,599 | +2.8% |
| Amounts receivable within one year | 40/41 | €136,309 | €854,817 | +€718,509 | +527% |
| Other amounts receivable | 41 | €136,309 | €854,817 | +€718,509 | +527% |
| Current investments | 50/53 | €110,000 | €110,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,309,214 | €634,304 | -€674,910 | -51.6% |
| Total equity and liabilities | 10/49 | €2,158,473 | €2,202,403 | +€43,931 | +2.0% |
| Equity | 10/15 | €1,851,112 | €2,115,302 | +€264,191 | +14.3% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €1,251,112 | €1,515,302 | +€264,191 | +21.1% |
| Non-distributable reserves | 130/1 | €9,833 | €9,833 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,833 | €9,833 | = | 0.0% |
| Distributable reserves | 133 | €1,241,279 | €1,505,469 | +€264,191 | +21.3% |
| Amounts payable | 17/49 | €307,361 | €87,101 | -€220,260 | -71.7% |
| Amounts payable within one year | 42/48 | €307,361 | €87,101 | -€220,260 | -71.7% |
| Trade debts | 44 | €874 | €3,198 | +€2,324 | +266% |
| Suppliers | 440/4 | €874 | €3,198 | +€2,324 | +266% |
| Taxes, remuneration and social security | 45 | €157,987 | €83,903 | -€74,084 | -46.9% |
| Taxes | 450/3 | €157,987 | €83,903 | -€74,084 | -46.9% |
| Other amounts payable | 47/48 | €148,500 | €0 | -€148,500 | -100% |
| Non-recurring operating income | 76A | €170 | €0 | -€170 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €411 | +€411 | |
| Gross operating margin | 9900 | -€4,678 | -€8,560 | -€3,882 | -83.0% |
| Operating profit (loss) | 9901 | -€4,678 | -€8,971 | -€4,293 | -91.8% |
| Financial income | 75/76B | €1,124,375 | €302,908 | -€821,467 | -73.1% |
| Recurring financial income | 75 | €1,124,375 | €302,908 | -€821,467 | -73.1% |
| Financial charges | 65/66B | €723 | €806 | +€83 | +11.5% |
| Recurring financial charges | 65 | €723 | €806 | +€83 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €1,118,975 | €293,131 | -€825,843 | -73.8% |
| Income taxes | 67/77 | €101,725 | €28,941 | -€72,784 | -71.5% |
| Profit (loss) for the period | 9904 | €1,017,250 | €264,191 | -€753,059 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,017,250 | €264,191 | -€753,059 | -74.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.