Carpentier Patrick: what changed
Carpentier Patrick
Largest movements
- Tangible fixed assets +€241,931
up €241,931 (+282%), from €85,697 to €327,628
of which Land and buildings: +€226,938
- Receivables within one year -€83,878
down €83,878 (-50.6%), from €165,922 to €82,045
of which Trade receivables: -€94,021
- Deferred charges and accrued income -€22,580
down €22,580 (-10.7%), from €210,759 to €188,179
- Cash +€12,392
up €12,392 (+155%), from €7,997 to €20,389
mainly Debts after one year (+€219,036) and Receivables within one year (+€83,878)
- Stocks and contracts +€11,980
up €11,980 (+16.0%), from €75,000 to €86,980
of which Contracts in progress: +€12,500
- Debts after one year +€219,036
up €219,036 (+1,249%), from €17,543 to €236,579
- Other debts -€92,869
down €92,869 (-44.4%), from €209,390 to €116,521
- Reserves +€22,983
up €22,983 (+8.8%), from €261,624 to €284,607
- Current portion of long-term debt +€12,221
up €12,221 (+107%), from €11,399 to €23,620
- Depreciation +€30,861
up €30,861 (+135%), from €22,871 to €53,732
- Taxes -€25,119
down €25,119 (-74.5%), from €33,739 to €8,619
- Gross operating margin -€17,063
down €17,063 (-9.2%), from €185,095 to €168,032
- Staff costs +€7,676
up €7,676 (+13.3%), from €57,670 to €65,346
- Other operating charges +€4,564
up €4,564 (+185%), from €2,463 to €7,027
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,375 | €705,220 | +€159,845 | +29.3% |
| Fixed assets | 21/28 | €85,697 | €327,628 | +€241,931 | +282% |
| Tangible fixed assets | 22/27 | €85,697 | €327,628 | +€241,931 | +282% |
| Land and buildings | 22 | - | €226,938 | +€226,938 | |
| Plant, machinery and equipment | 23 | €22,775 | €13,195 | -€9,580 | -42.1% |
| Furniture and vehicles | 24 | €62,337 | €87,056 | +€24,719 | +39.7% |
| Other tangible fixed assets | 26 | €585 | €439 | -€146 | -25.0% |
| Current assets | 29/58 | €459,678 | €377,593 | -€82,086 | -17.9% |
| Stocks and contracts in progress | 3 | €75,000 | €86,980 | +€11,980 | +16.0% |
| Stocks | 30/36 | €30,000 | €29,480 | -€520 | -1.7% |
| Contracts in progress | 37 | €45,000 | €57,500 | +€12,500 | +27.8% |
| Amounts receivable within one year | 40/41 | €165,922 | €82,045 | -€83,878 | -50.6% |
| Trade receivables | 40 | €160,812 | €66,791 | -€94,021 | -58.5% |
| Other amounts receivable | 41 | €5,111 | €15,254 | +€10,144 | +198% |
| Cash at bank and in hand | 54/58 | €7,997 | €20,389 | +€12,392 | +155% |
| Deferred charges and accrued income | 490/1 | €210,759 | €188,179 | -€22,580 | -10.7% |
| Total equity and liabilities | 10/49 | €545,375 | €705,220 | +€159,845 | +29.3% |
| Equity | 10/15 | €280,224 | €303,207 | +€22,983 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,624 | €284,607 | +€22,983 | +8.8% |
| Distributable reserves | 133 | €261,624 | €284,607 | +€22,983 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €265,151 | €402,013 | +€136,862 | +51.6% |
| Amounts payable after more than one year | 17 | €17,543 | €236,579 | +€219,036 | +1,249% |
| Financial debts | 170/4 | €17,543 | €236,579 | +€219,036 | +1,249% |
| Amounts payable within one year | 42/48 | €247,534 | €165,434 | -€82,100 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €11,399 | €23,620 | +€12,221 | +107% |
| Trade debts | 44 | €20,935 | €14,532 | -€6,404 | -30.6% |
| Suppliers | 440/4 | €20,935 | €14,532 | -€6,404 | -30.6% |
| Taxes, remuneration and social security | 45 | €5,809 | €10,762 | +€4,953 | +85.3% |
| Taxes | 450/3 | €1,612 | €6,878 | +€5,265 | +327% |
| Remuneration and social security | 454/9 | €4,197 | €3,885 | -€312 | -7.4% |
| Other amounts payable | 47/48 | €209,390 | €116,521 | -€92,869 | -44.4% |
| Accrued charges and deferred income | 492/3 | €74 | €0 | -€74 | -100% |
| Remuneration, social security and pensions | 62 | €57,670 | €65,346 | +€7,676 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,871 | €53,732 | +€30,861 | +135% |
| Other operating charges | 640/8 | €2,463 | €7,027 | +€4,564 | +185% |
| Non-recurring operating charges | 66A | - | €3,908 | +€3,908 | |
| Gross operating margin | 9900 | €185,095 | €168,032 | -€17,063 | -9.2% |
| Operating profit (loss) | 9901 | €102,091 | €38,018 | -€64,072 | -62.8% |
| Financial income | 75/76B | €1,511 | €0 | -€1,511 | -100% |
| Recurring financial income | 75 | €1,511 | €0 | -€1,511 | -100% |
| Financial charges | 65/66B | €2,484 | €6,415 | +€3,931 | +158% |
| Recurring financial charges | 65 | €2,484 | €6,415 | +€3,931 | +158% |
| Profit (loss) for the period before taxes | 9903 | €101,118 | €31,603 | -€69,515 | -68.7% |
| Income taxes | 67/77 | €33,739 | €8,619 | -€25,119 | -74.5% |
| Profit (loss) for the period | 9904 | €67,379 | €22,983 | -€44,395 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,379 | €22,983 | -€44,395 | -65.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.