CARPENTIER: 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.
CARPENTIER
Largest movements
- Receivables within one year -€76,829
down €76,829 (-95.5%), from €80,449 to €3,620
of which Trade receivables: -€52,656
- Cash -€2,930
down €2,930 (-50.3%), from €5,829 to €2,898
mainly Net result for the year (-€39,075) and Other debts (-€22,259)
- Stocks and contracts -€1,687
down €1,687 (-2.9%), from €57,688 to €56,001
- Profit (loss) carried forward -€39,075
down €39,075 (-73.2%), from €53,354 to €14,279
- Other debts -€22,259
down €22,259 (-89.3%), from €24,935 to €2,676
- Tax, wage and social debts -€15,605
down €15,605 (-80.3%), from €19,441 to €3,836
of which Taxes: -€13,670
- Trade debts -€6,704
no longer reported in 2025 (was €6,704)
- Gross operating margin -€27,911
down €27,911 (-747.7%), from -€3,733 to -€31,644
- Staff costs -€7,304
down €7,304 (-63.3%), from €11,542 to €4,239
- Other operating charges +€1,447
new in 2025: €1,447
- Depreciation +€669
up €669 (+96.4%), from €694 to €1,363
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 | €148,719 | €65,076 | -€83,643 | -56.2% |
| Fixed assets | 21/28 | €3,920 | €2,556 | -€1,363 | -34.8% |
| Tangible fixed assets | 22/27 | €2,640 | €1,277 | -€1,363 | -51.6% |
| Other tangible fixed assets | 26 | €2,640 | €1,277 | -€1,363 | -51.6% |
| Financial fixed assets | 28 | €1,280 | €1,280 | = | 0.0% |
| Current assets | 29/58 | €144,799 | €62,519 | -€82,280 | -56.8% |
| Stocks and contracts in progress | 3 | €57,688 | €56,001 | -€1,687 | -2.9% |
| Stocks | 30/36 | €57,688 | €56,001 | -€1,687 | -2.9% |
| Amounts receivable within one year | 40/41 | €80,449 | €3,620 | -€76,829 | -95.5% |
| Trade receivables | 40 | €56,276 | €3,620 | -€52,656 | -93.6% |
| Other amounts receivable | 41 | €24,173 | - | -€24,173 | |
| Cash at bank and in hand | 54/58 | €5,829 | €2,898 | -€2,930 | -50.3% |
| Deferred charges and accrued income | 490/1 | €833 | - | -€833 | |
| Total equity and liabilities | 10/49 | €148,719 | €65,076 | -€83,643 | -56.2% |
| Equity | 10/15 | €97,639 | €58,564 | -€39,075 | -40.0% |
| Contributions | 10/11 | €34,725 | €34,725 | = | 0.0% |
| Contributions outside capital | 11 | - | €34,725 | +€34,725 | |
| Share premium | 1100/10 | - | €2,426 | +€2,426 | |
| Other | 1109/19 | - | €32,300 | +€32,300 | |
| Reserves | 13 | €9,560 | €9,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,231 | €3,231 | = | 0.0% |
| Legal reserve | 130 | - | €3,231 | +€3,231 | |
| Reserves not available under the articles | 1311 | €3,231 | - | -€3,231 | |
| Tax-exempt reserves | 132 | €6,329 | €6,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,354 | €14,279 | -€39,075 | -73.2% |
| Amounts payable | 17/49 | €51,080 | €6,512 | -€44,568 | -87.3% |
| Amounts payable within one year | 42/48 | €51,080 | €6,512 | -€44,568 | -87.3% |
| Trade debts | 44 | €6,704 | - | -€6,704 | |
| Suppliers | 440/4 | €6,704 | - | -€6,704 | |
| Taxes, remuneration and social security | 45 | €19,441 | €3,836 | -€15,605 | -80.3% |
| Taxes | 450/3 | €17,506 | €3,836 | -€13,670 | -78.1% |
| Remuneration and social security | 454/9 | €1,935 | - | -€1,935 | |
| Other amounts payable | 47/48 | €24,935 | €2,676 | -€22,259 | -89.3% |
| Remuneration, social security and pensions | 62 | €11,542 | €4,239 | -€7,304 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €1,363 | +€669 | +96.4% |
| Other operating charges | 640/8 | - | €1,447 | +€1,447 | |
| Gross operating margin | 9900 | -€3,733 | -€31,644 | -€27,911 | -747.7% |
| Operating profit (loss) | 9901 | -€15,969 | -€38,692 | -€22,723 | -142.3% |
| Financial income | 75/76B | €12 | €241 | +€229 | +1973.5% |
| Recurring financial income | 75 | €12 | €241 | +€229 | +1973.5% |
| Financial charges | 65/66B | €720 | €623 | -€97 | -13.4% |
| Recurring financial charges | 65 | €720 | €623 | -€97 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,677 | -€39,075 | -€22,398 | -134.3% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€16,679 | -€39,075 | -€22,396 | -134.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,679 | -€39,075 | -€22,396 | -134.3% |
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 9 October 2026 via checked.be.