CARPE: 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.
CARPE
Largest movements
- Cash +€54,064
up €54,064 (+1,946%), from €2,778 to €56,841
mainly Other debts (+€39,992) and Tax, wage and social debts (+€17,349)
- Tangible fixed assets +€24,602
up €24,602 (+189%), from €13,008 to €37,610
of which Furniture and vehicles: +€28,244
- Receivables within one year -€14,242
down €14,242 (-17.7%), from €80,338 to €66,096
of which Trade receivables: -€11,024
- Financial fixed assets +€2,350
up €2,350 (+810%), from €290 to €2,640
- Other debts +€39,992
up €39,992 (+87.1%), from €45,934 to €85,927
- Tax, wage and social debts +€17,349
up €17,349 (+1,002%), from €1,731 to €19,080
of which Remuneration and social security: +€9,600
- Reserves +€12,572
up €12,572 (+20.7%), from €60,637 to €73,209
- Trade debts -€2,477
down €2,477 (-75.4%), from €3,283 to €806
- Accrued charges and deferred income -€1,959
down €1,959 (-57.7%), from €3,393 to €1,434
- Gross operating margin +€9,085
up €9,085 (+42.4%), from €21,432 to €30,517
- Depreciation +€4,502
up €4,502 (+92.0%), from €4,894 to €9,396
- Financial charges +€1,101
up €1,101 (+24.8%), from €4,431 to €5,532
- Other operating charges -€326
down €326 (-74.9%), from €435 to €109
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 | €124,979 | €190,456 | +€65,477 | +52.4% |
| Fixed assets | 21/28 | €13,298 | €40,250 | +€26,952 | +203% |
| Tangible fixed assets | 22/27 | €13,008 | €37,610 | +€24,602 | +189% |
| Plant, machinery and equipment | 23 | €9,038 | €5,396 | -€3,642 | -40.3% |
| Furniture and vehicles | 24 | €3,970 | €32,214 | +€28,244 | +711% |
| Financial fixed assets | 28 | €290 | €2,640 | +€2,350 | +810% |
| Current assets | 29/58 | €111,681 | €150,205 | +€38,525 | +34.5% |
| Amounts receivable within one year | 40/41 | €80,338 | €66,096 | -€14,242 | -17.7% |
| Trade receivables | 40 | €36,999 | €25,975 | -€11,024 | -29.8% |
| Other amounts receivable | 41 | €43,338 | €40,120 | -€3,218 | -7.4% |
| Current investments | 50/53 | €27,000 | €27,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,778 | €56,841 | +€54,064 | +1,946% |
| Deferred charges and accrued income | 490/1 | €1,565 | €268 | -€1,297 | -82.9% |
| Total equity and liabilities | 10/49 | €124,979 | €190,456 | +€65,477 | +52.4% |
| Equity | 10/15 | €70,637 | €83,209 | +€12,572 | +17.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,637 | €73,209 | +€12,572 | +20.7% |
| Distributable reserves | 133 | €60,637 | €73,209 | +€12,572 | +20.7% |
| Amounts payable | 17/49 | €54,342 | €107,246 | +€52,905 | +97.4% |
| Amounts payable within one year | 42/48 | €50,948 | €105,812 | +€54,864 | +108% |
| Trade debts | 44 | €3,283 | €806 | -€2,477 | -75.4% |
| Suppliers | 440/4 | €3,283 | €806 | -€2,477 | -75.4% |
| Taxes, remuneration and social security | 45 | €1,731 | €19,080 | +€17,349 | +1,002% |
| Taxes | 450/3 | €1,731 | €9,480 | +€7,749 | +448% |
| Remuneration and social security | 454/9 | - | €9,600 | +€9,600 | |
| Other amounts payable | 47/48 | €45,934 | €85,927 | +€39,992 | +87.1% |
| Accrued charges and deferred income | 492/3 | €3,393 | €1,434 | -€1,959 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,894 | €9,396 | +€4,502 | +92.0% |
| Other operating charges | 640/8 | €435 | €109 | -€326 | -74.9% |
| Gross operating margin | 9900 | €21,432 | €30,517 | +€9,085 | +42.4% |
| Operating profit (loss) | 9901 | €16,103 | €21,012 | +€4,908 | +30.5% |
| Financial income | 75/76B | €3,110 | €3,182 | +€72 | +2.3% |
| Recurring financial income | 75 | €3,110 | €3,182 | +€72 | +2.3% |
| Financial charges | 65/66B | €4,431 | €5,532 | +€1,101 | +24.8% |
| Recurring financial charges | 65 | €4,431 | €5,532 | +€1,101 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €14,783 | €18,662 | +€3,879 | +26.2% |
| Income taxes | 67/77 | €5,841 | €6,090 | +€249 | +4.3% |
| Profit (loss) for the period | 9904 | €8,942 | €12,572 | +€3,630 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,942 | €12,572 | +€3,630 | +40.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.