CARPENTER: 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.
CARPENTER
Largest movements
- Stocks and contracts -€5,754
down €5,754 (-22.8%), from €25,254 to €19,500
of which Contracts in progress: -€7,254
- Receivables within one year +€2,989
up €2,989 (+399.7%), from €748 to €3,737
of which Trade receivables: +€2,273
- Tangible fixed assets -€2,035
down €2,035 (-14.9%), from €13,678 to €11,643
of which Plant, machinery and equipment: -€1,066
- Deferred charges and accrued income -€1,507
down €1,507 (-99.9%), from €1,508 to €2
- Profit (loss) carried forward +€19,111
up €19,111 (+49.7%), from -€38,457 to -€19,346
- Other debts -€11,610
down €11,610 (-39.8%), from €29,195 to €17,585
- Trade debts -€10,535
down €10,535 (-64.4%), from €16,354 to €5,819
- Short-term financial debts -€3,713
down €3,713 (-24.1%), from €15,390 to €11,677
- Tax, wage and social debts +€440
up €440, from €0 to €440
- Turnover -€61,340
no longer reported in 2025 (was €61,340)
- Purchases and services -€54,747
no longer reported in 2025 (was €54,747)
- Gross operating margin +€13,141
up €13,141 (+114.2%), from €11,504 to €24,645
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,895 | €35,588 | -€6,307 | -15.1% |
| Fixed assets | 21/28 | €14,385 | €12,350 | -€2,035 | -14.1% |
| Tangible fixed assets | 22/27 | €13,678 | €11,643 | -€2,035 | -14.9% |
| Land and buildings | 22 | €5,011 | €4,248 | -€763 | -15.2% |
| Plant, machinery and equipment | 23 | €7,974 | €6,907 | -€1,066 | -13.4% |
| Furniture and vehicles | 24 | €694 | €488 | -€206 | -29.7% |
| Financial fixed assets | 28 | €707 | €707 | = | 0.0% |
| Current assets | 29/58 | €27,510 | €23,238 | -€4,272 | -15.5% |
| Stocks and contracts in progress | 3 | €25,254 | €19,500 | -€5,754 | -22.8% |
| Stocks | 30/36 | €18,000 | €19,500 | +€1,500 | +8.3% |
| Contracts in progress | 37 | €7,254 | €0 | -€7,254 | -100.0% |
| Amounts receivable within one year | 40/41 | €748 | €3,737 | +€2,989 | +399.7% |
| Trade receivables | 40 | €0 | €2,273 | +€2,273 | |
| Other amounts receivable | 41 | €748 | €1,463 | +€716 | +95.7% |
| Deferred charges and accrued income | 490/1 | €1,508 | €2 | -€1,507 | -99.9% |
| Total equity and liabilities | 10/49 | €41,895 | €35,588 | -€6,307 | -15.1% |
| Equity | 10/15 | -€19,044 | €67 | +€19,111 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €821 | €821 | = | 0.0% |
| Non-distributable reserves | 130/1 | €821 | €821 | = | 0.0% |
| Reserves not available under the articles | 1311 | €821 | €821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,457 | -€19,346 | +€19,111 | +49.7% |
| Amounts payable | 17/49 | €60,939 | €35,521 | -€25,418 | -41.7% |
| Amounts payable within one year | 42/48 | €60,939 | €35,521 | -€25,418 | -41.7% |
| Financial debts | 43 | €15,390 | €11,677 | -€3,713 | -24.1% |
| Credit institutions | 430/8 | €15,390 | €11,677 | -€3,713 | -24.1% |
| Trade debts | 44 | €16,354 | €5,819 | -€10,535 | -64.4% |
| Suppliers | 440/4 | €16,354 | €5,819 | -€10,535 | -64.4% |
| Taxes, remuneration and social security | 45 | €0 | €440 | +€440 | |
| Taxes | 450/3 | €0 | €440 | +€440 | |
| Other amounts payable | 47/48 | €29,195 | €17,585 | -€11,610 | -39.8% |
| Turnover | 70 | €61,340 | - | -€61,340 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €54,747 | - | -€54,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,596 | €4,062 | +€466 | +13.0% |
| Other operating charges | 640/8 | €158 | €0 | -€158 | -100.0% |
| Gross operating margin | 9900 | €11,504 | €24,645 | +€13,141 | +114.2% |
| Operating profit (loss) | 9901 | €7,750 | €20,583 | +€12,833 | +165.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,412 | €1,472 | +€59 | +4.2% |
| Recurring financial charges | 65 | €1,412 | €1,472 | +€59 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €6,338 | €19,111 | +€12,773 | +201.5% |
| Profit (loss) for the period | 9904 | €6,338 | €19,111 | +€12,773 | +201.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,338 | €19,111 | +€12,773 | +201.5% |
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 9 October 2026 via checked.be.