CARPEL: 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.
CARPEL
Largest movements
- Receivables within one year +€17,149
up €17,149 (+235.9%), from €7,268 to €24,417
of which Other amounts receivable: +€10,632
- Tangible fixed assets -€8,790
down €8,790 (-34.7%), from €25,310 to €16,520
- Cash -€4,125
down €4,125 (-40.6%), from €10,162 to €6,037
mainly Contributions, distributions and other (-€17,600) and Receivables within one year (-€17,149)
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Profit (loss) carried forward +€15,795
up €15,795 (+70.7%), from €22,348 to €38,143
- Trade debts +€6,513
up €6,513 (+329.7%), from €1,975 to €8,488
- Gross operating margin +€5,016
up €5,016 (+23.8%), from €21,107 to €26,122
- Depreciation -€4,392
down €4,392 (-33.3%), from €13,182 to €8,790
- Other operating charges -€812
down €812 (-52.0%), from €1,561 to €748
- Financial income +€458
up €458 (+204.3%), from €224 to €682
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 | €43,430 | €47,677 | +€4,247 | +9.8% |
| Fixed assets | 21/28 | €25,390 | €16,600 | -€8,790 | -34.6% |
| Tangible fixed assets | 22/27 | €25,310 | €16,520 | -€8,790 | -34.7% |
| Furniture and vehicles | 24 | €25,310 | €16,520 | -€8,790 | -34.7% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €18,040 | €31,077 | +€13,037 | +72.3% |
| Amounts receivable within one year | 40/41 | €7,268 | €24,417 | +€17,149 | +235.9% |
| Trade receivables | 40 | - | €6,517 | +€6,517 | |
| Other amounts receivable | 41 | €7,268 | €17,900 | +€10,632 | +146.3% |
| Cash at bank and in hand | 54/58 | €10,162 | €6,037 | -€4,125 | -40.6% |
| Deferred charges and accrued income | 490/1 | €610 | €623 | +€13 | +2.2% |
| Total equity and liabilities | 10/49 | €43,430 | €47,677 | +€4,247 | +9.8% |
| Equity | 10/15 | €40,948 | €39,143 | -€1,805 | -4.4% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Profit (loss) carried forward | 14 | €22,348 | €38,143 | +€15,795 | +70.7% |
| Amounts payable | 17/49 | €2,482 | €8,534 | +€6,052 | +243.9% |
| Amounts payable within one year | 42/48 | €2,482 | €8,534 | +€6,052 | +243.9% |
| Trade debts | 44 | €1,975 | €8,488 | +€6,513 | +329.7% |
| Suppliers | 440/4 | €1,975 | €8,488 | +€6,513 | +329.7% |
| Taxes, remuneration and social security | 45 | €507 | €46 | -€461 | -90.9% |
| Taxes | 450/3 | €507 | €46 | -€461 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,182 | €8,790 | -€4,392 | -33.3% |
| Other operating charges | 640/8 | €1,561 | €748 | -€812 | -52.0% |
| Gross operating margin | 9900 | €21,107 | €26,122 | +€5,016 | +23.8% |
| Operating profit (loss) | 9901 | €6,364 | €16,584 | +€10,220 | +160.6% |
| Financial income | 75/76B | €224 | €682 | +€458 | +204.3% |
| Recurring financial income | 75 | €224 | €682 | +€458 | +204.3% |
| Financial charges | 65/66B | €1,394 | €1,471 | +€77 | +5.5% |
| Recurring financial charges | 65 | €1,394 | €1,471 | +€77 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €5,194 | €15,795 | +€10,601 | +204.1% |
| Income taxes | 67/77 | €137 | - | -€137 | |
| Profit (loss) for the period | 9904 | €5,057 | €15,795 | +€10,738 | +212.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,057 | €15,795 | +€10,738 | +212.3% |
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 11 October 2026 via checked.be.