CARPATHIA: 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.
CARPATHIA
Largest movements
- Receivables within one year +€53,377
up €53,377 (+116.1%), from €45,989 to €99,366
of which Trade receivables: +€53,387
- Cash -€26,924
down €26,924 (-31.4%), from €85,842 to €58,918
mainly Receivables within one year (-€53,377) and Contributions, distributions and other (-€25,000)
- Receivables after one year -€16,854
down €16,854 (-49.3%), from €34,183 to €17,329
- Tangible fixed assets -€4,891
down €4,891 (-4.1%), from €120,107 to €115,216
of which Land and buildings: -€4,404
- Trade debts +€44,796
up €44,796 (+212.9%), from €21,042 to €65,838
- Other debts -€18,000
down €18,000 (-50.7%), from €35,500 to €17,500
- Tax, wage and social debts -€13,362
down €13,362 (-36.7%), from €36,368 to €23,005
of which Taxes: -€14,862
- Debts after one year -€8,839
down €8,839 (-10.8%), from €82,101 to €73,261
- Purchases and services +€212,439
up €212,439 (+115.5%), from €183,887 to €396,326
- Turnover +€140,096
up €140,096 (+46.3%), from €302,695 to €442,791
- Gross operating margin -€72,343
down €72,343 (-60.9%), from €118,808 to €46,465
- Taxes -€14,634
down €14,634 (-61.3%), from €23,891 to €9,257
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 | €286,485 | €291,216 | +€4,731 | +1.7% |
| Fixed assets | 21/28 | €120,257 | €115,366 | -€4,891 | -4.1% |
| Tangible fixed assets | 22/27 | €120,107 | €115,216 | -€4,891 | -4.1% |
| Land and buildings | 22 | €118,350 | €113,945 | -€4,404 | -3.7% |
| Plant, machinery and equipment | 23 | €1,758 | €1,271 | -€487 | -27.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €166,228 | €175,850 | +€9,622 | +5.8% |
| Amounts receivable after more than one year | 29 | €34,183 | €17,329 | -€16,854 | -49.3% |
| Other amounts receivable | 291 | €34,183 | €17,329 | -€16,854 | -49.3% |
| Amounts receivable within one year | 40/41 | €45,989 | €99,366 | +€53,377 | +116.1% |
| Trade receivables | 40 | €44,751 | €98,138 | +€53,387 | +119.3% |
| Other amounts receivable | 41 | €1,238 | €1,228 | -€10 | -0.8% |
| Cash at bank and in hand | 54/58 | €85,842 | €58,918 | -€26,924 | -31.4% |
| Deferred charges and accrued income | 490/1 | €214 | €237 | +€23 | +10.7% |
| Total equity and liabilities | 10/49 | €286,485 | €291,216 | +€4,731 | +1.7% |
| Equity | 10/15 | €102,863 | €101,755 | -€1,108 | -1.1% |
| Contributions | 10/11 | €12,900 | €12,900 | = | 0.0% |
| Reserves | 13 | €6,303 | €6,303 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,443 | €4,443 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,659 | €82,552 | -€1,108 | -1.3% |
| Amounts payable | 17/49 | €183,622 | €189,461 | +€5,838 | +3.2% |
| Amounts payable after more than one year | 17 | €82,101 | €73,261 | -€8,839 | -10.8% |
| Financial debts | 170/4 | €82,101 | €73,261 | -€8,839 | -10.8% |
| Amounts payable within one year | 42/48 | €101,522 | €116,199 | +€14,678 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €8,612 | €9,856 | +€1,244 | +14.4% |
| Trade debts | 44 | €21,042 | €65,838 | +€44,796 | +212.9% |
| Suppliers | 440/4 | €21,042 | €65,838 | +€44,796 | +212.9% |
| Taxes, remuneration and social security | 45 | €36,368 | €23,005 | -€13,362 | -36.7% |
| Taxes | 450/3 | €31,868 | €17,005 | -€14,862 | -46.6% |
| Remuneration and social security | 454/9 | €4,500 | €6,000 | +€1,500 | +33.3% |
| Other amounts payable | 47/48 | €35,500 | €17,500 | -€18,000 | -50.7% |
| Turnover | 70 | €302,695 | €442,791 | +€140,096 | +46.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €183,887 | €396,326 | +€212,439 | +115.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,525 | €4,891 | -€633 | -11.5% |
| Other operating charges | 640/8 | €3,283 | €4,621 | +€1,338 | +40.8% |
| Gross operating margin | 9900 | €118,808 | €46,465 | -€72,343 | -60.9% |
| Operating profit (loss) | 9901 | €110,001 | €36,953 | -€73,048 | -66.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -30.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -30.0% |
| Financial charges | 65/66B | €4,047 | €3,804 | -€243 | -6.0% |
| Recurring financial charges | 65 | €4,047 | €3,804 | -€243 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €105,954 | €33,150 | -€72,804 | -68.7% |
| Income taxes | 67/77 | €23,891 | €9,257 | -€14,634 | -61.3% |
| Profit (loss) for the period | 9904 | €82,063 | €23,892 | -€58,170 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,063 | €23,892 | -€58,170 | -70.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.