CARPA PROJECTS: 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.
CARPA PROJECTS
Largest movements
- Receivables within one year +€851,556
up €851,556 (+433.5%), from €196,436 to €1.0m
of which Trade receivables: +€638,179
- Cash +€128,662
up €128,662 (+3433.8%), from €3,747 to €132,409
mainly Trade debts (+€557,648) and Net result for the year (+€360,318)
- Trade debts +€557,648
up €557,648 (+29673.6%), from €1,879 to €559,527
- Profit (loss) carried forward +€201,318
up €201,318 (+91.7%), from -€219,583 to -€18,264
- Other debts +€185,809
up €185,809 (+46.6%), from €398,600 to €584,409
- Tax, wage and social debts +€36,166
new in 2025: €36,166
- Gross operating margin +€408,593
up €408,593, from -€2,923 to €405,669
- Taxes +€36,166
new in 2025: €36,166
- Financial charges +€4,124
up €4,124 (+1602.2%), from €257 to €4,382
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 | €200,514 | €1,181,648 | +€981,135 | +489.3% |
| Fixed assets | 21/28 | €61 | €959 | +€897 | +1463.1% |
| Tangible fixed assets | 22/27 | - | €857 | +€857 | |
| Plant, machinery and equipment | 23 | - | €857 | +€857 | |
| Financial fixed assets | 28 | €61 | €102 | +€40 | +66.0% |
| Current assets | 29/58 | €200,452 | €1,180,690 | +€980,237 | +489.0% |
| Amounts receivable within one year | 40/41 | €196,436 | €1,047,992 | +€851,556 | +433.5% |
| Trade receivables | 40 | - | €638,179 | +€638,179 | |
| Other amounts receivable | 41 | €196,436 | €409,813 | +€213,377 | +108.6% |
| Cash at bank and in hand | 54/58 | €3,747 | €132,409 | +€128,662 | +3433.8% |
| Deferred charges and accrued income | 490/1 | €270 | €289 | +€19 | +7.2% |
| Total equity and liabilities | 10/49 | €200,514 | €1,181,648 | +€981,135 | +489.3% |
| Equity | 10/15 | -€200,983 | €336 | +€201,318 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,583 | -€18,264 | +€201,318 | +91.7% |
| Amounts payable | 17/49 | €401,496 | €1,181,313 | +€779,817 | +194.2% |
| Amounts payable within one year | 42/48 | €400,480 | €1,180,103 | +€779,623 | +194.7% |
| Trade debts | 44 | €1,879 | €559,527 | +€557,648 | +29673.6% |
| Suppliers | 440/4 | €1,879 | €559,527 | +€557,648 | +29673.6% |
| Taxes, remuneration and social security | 45 | - | €36,166 | +€36,166 | |
| Taxes | 450/3 | - | €36,166 | +€36,166 | |
| Other amounts payable | 47/48 | €398,600 | €584,409 | +€185,809 | +46.6% |
| Accrued charges and deferred income | 492/3 | €1,017 | €1,210 | +€193 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €51 | +€51 | |
| Other operating charges | 640/8 | €1,840 | €4,853 | +€3,013 | +163.8% |
| Gross operating margin | 9900 | -€2,923 | €405,669 | +€408,593 | |
| Operating profit (loss) | 9901 | -€4,763 | €400,765 | +€405,528 | |
| Financial income | 75/76B | €19 | €101 | +€82 | +428.8% |
| Recurring financial income | 75 | €19 | €101 | +€82 | +428.8% |
| Financial charges | 65/66B | €257 | €4,382 | +€4,124 | +1602.2% |
| Recurring financial charges | 65 | €257 | €4,382 | +€4,124 | +1602.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,001 | €396,484 | +€401,486 | |
| Income taxes | 67/77 | - | €36,166 | +€36,166 | |
| Profit (loss) for the period | 9904 | -€5,001 | €360,318 | +€365,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,001 | €360,318 | +€365,319 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.