CARPI: 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.
CARPI
Largest movements
- Receivables after one year +€200,000
new in 2025: €200,000
- Receivables within one year +€25,400
up €25,400 (+6.0%), from €420,842 to €446,242
of which Trade receivables: +€15,366
- Tangible fixed assets -€18,832
down €18,832 (-9.2%), from €204,600 to €185,768
of which Leasing and similar rights: -€22,988
- Other debts +€227,898
up €227,898 (+111%), from €205,795 to €433,693
- Debts after one year -€29,005
down €29,005 (-29.0%), from €100,149 to €71,144
- Reserves +€20,660
up €20,660 (+8.4%), from €246,255 to €266,915
of which Distributable reserves: +€20,660
- Accrued charges and deferred income -€9,077
down €9,077 (-52.9%), from €17,164 to €8,087
- Gross operating margin -€63,527
down €63,527 (-49.1%), from €129,265 to €65,738
- Financial charges -€18,565
down €18,565 (-86.3%), from €21,519 to €2,953
- Taxes -€12,687
down €12,687 (-56.0%), from €22,640 to €9,953
- Financial income -€9,265
down €9,265 (-80.3%), from €11,541 to €2,276
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 | €652,693 | €848,682 | +€195,989 | +30.0% |
| Fixed assets | 21/28 | €219,600 | €195,768 | -€23,832 | -10.9% |
| Tangible fixed assets | 22/27 | €204,600 | €185,768 | -€18,832 | -9.2% |
| Furniture and vehicles | 24 | €1,421 | €5,923 | +€4,502 | +317% |
| Leasing and similar rights | 25 | €68,585 | €45,597 | -€22,988 | -33.5% |
| Other tangible fixed assets | 26 | €134,594 | €134,248 | -€346 | -0.3% |
| Financial fixed assets | 28 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Current assets | 29/58 | €433,093 | €652,914 | +€219,821 | +50.8% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €420,842 | €446,242 | +€25,400 | +6.0% |
| Trade receivables | 40 | €51,828 | €67,194 | +€15,366 | +29.6% |
| Other amounts receivable | 41 | €369,013 | €379,048 | +€10,035 | +2.7% |
| Cash at bank and in hand | 54/58 | €3,963 | €4,559 | +€597 | +15.1% |
| Deferred charges and accrued income | 490/1 | €8,289 | €2,113 | -€6,176 | -74.5% |
| Total equity and liabilities | 10/49 | €652,693 | €848,682 | +€195,989 | +30.0% |
| Equity | 10/15 | €247,255 | €267,915 | +€20,660 | +8.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €246,255 | €266,915 | +€20,660 | +8.4% |
| Tax-exempt reserves | 132 | €14,720 | €14,720 | = | 0.0% |
| Distributable reserves | 133 | €231,534 | €252,195 | +€20,660 | +8.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €405,438 | €580,768 | +€175,329 | +43.2% |
| Amounts payable after more than one year | 17 | €100,149 | €71,144 | -€29,005 | -29.0% |
| Financial debts | 170/4 | €100,149 | €71,144 | -€29,005 | -29.0% |
| Amounts payable within one year | 42/48 | €288,125 | €501,537 | +€213,412 | +74.1% |
| Current portion of amounts payable after more than one year | 42 | €28,077 | €29,005 | +€928 | +3.3% |
| Trade debts | 44 | €32,395 | €25,230 | -€7,165 | -22.1% |
| Suppliers | 440/4 | €32,395 | €25,230 | -€7,165 | -22.1% |
| Taxes, remuneration and social security | 45 | €21,858 | €13,609 | -€8,249 | -37.7% |
| Taxes | 450/3 | €21,858 | €13,609 | -€8,249 | -37.7% |
| Other amounts payable | 47/48 | €205,795 | €433,693 | +€227,898 | +111% |
| Accrued charges and deferred income | 492/3 | €17,164 | €8,087 | -€9,077 | -52.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,630 | €30,743 | +€113 | +0.4% |
| Other operating charges | 640/8 | €2,896 | €3,705 | +€809 | +27.9% |
| Gross operating margin | 9900 | €129,265 | €65,738 | -€63,527 | -49.1% |
| Operating profit (loss) | 9901 | €95,739 | €31,290 | -€64,449 | -67.3% |
| Financial income | 75/76B | €11,541 | €2,276 | -€9,265 | -80.3% |
| Recurring financial income | 75 | €11,541 | €2,276 | -€9,265 | -80.3% |
| Financial charges | 65/66B | €21,519 | €2,953 | -€18,565 | -86.3% |
| Recurring financial charges | 65 | €21,519 | €2,953 | -€18,565 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | €85,761 | €30,613 | -€55,149 | -64.3% |
| Income taxes | 67/77 | €22,640 | €9,953 | -€12,687 | -56.0% |
| Profit (loss) for the period | 9904 | €63,122 | €20,660 | -€42,461 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,122 | €20,660 | -€42,461 | -67.3% |
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 30 October 2026 via checked.be.