Carpinus Betulus: 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.
Carpinus Betulus
Largest movements
- Receivables within one year +€220,953
up €220,953 (+1.5%), from €14.6m to €14.8m
of which Other amounts receivable: +€3.7m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€139,479
up €139,479 (+134%), from €104,281 to €243,759
- Financial charges -€56,769
down €56,769 (-99.2%), from €57,232 to €463
- Taxes +€50,946
up €50,946 (+417%), from €12,232 to €63,177
- Gross operating margin -€4,817
down €4,817 (-276%), from -€1,746 to -€6,563
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 | €17,945,303 | €18,301,105 | +€355,802 | +2.0% |
| Fixed assets | 21/28 | €3,312,736 | €3,312,736 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,312,736 | €3,312,736 | = | 0.0% |
| Land and buildings | 22 | €3,312,736 | €3,312,736 | = | 0.0% |
| Current assets | 29/58 | €14,632,567 | €14,988,369 | +€355,802 | +2.4% |
| Stocks and contracts in progress | 3 | - | €137,955 | +€137,955 | |
| Stocks | 30/36 | - | €137,955 | +€137,955 | |
| Amounts receivable within one year | 40/41 | €14,604,571 | €14,825,524 | +€220,953 | +1.5% |
| Trade receivables | 40 | €7,000,000 | €3,500,000 | -€3.5m | -50.0% |
| Other amounts receivable | 41 | €7,604,571 | €11,325,524 | +€3.7m | +48.9% |
| Cash at bank and in hand | 54/58 | €27,996 | €24,891 | -€3,105 | -11.1% |
| Total equity and liabilities | 10/49 | €17,945,303 | €18,301,105 | +€355,802 | +2.0% |
| Equity | 10/15 | €133,071 | €306,627 | +€173,556 | +130% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,071 | €196,627 | +€173,556 | +752% |
| Amounts payable | 17/49 | €17,812,232 | €17,994,478 | +€182,247 | +1.0% |
| Amounts payable within one year | 42/48 | €17,812,232 | €17,994,478 | +€182,247 | +1.0% |
| Trade debts | 44 | - | €2,593 | +€2,593 | |
| Suppliers | 440/4 | - | €2,593 | +€2,593 | |
| Advances received on contracts in progress | 46 | €17,800,000 | €17,928,708 | +€128,708 | +0.7% |
| Taxes, remuneration and social security | 45 | €12,232 | €63,177 | +€50,946 | +417% |
| Taxes | 450/3 | €12,232 | €63,177 | +€50,946 | +417% |
| Gross operating margin | 9900 | -€1,746 | -€6,563 | -€4,817 | -276% |
| Operating profit (loss) | 9901 | -€1,746 | -€6,563 | -€4,817 | -276% |
| Financial income | 75/76B | €104,281 | €243,759 | +€139,479 | +134% |
| Recurring financial income | 75 | €104,281 | €243,759 | +€139,479 | +134% |
| Financial charges | 65/66B | €57,232 | €463 | -€56,769 | -99.2% |
| Recurring financial charges | 65 | €57,232 | €463 | -€56,769 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €45,303 | €236,733 | +€191,430 | +423% |
| Income taxes | 67/77 | €12,232 | €63,177 | +€50,946 | +417% |
| Profit (loss) for the period | 9904 | €33,071 | €173,556 | +€140,485 | +425% |
| Profit (loss) for the period to be appropriated | 9905 | €33,071 | €173,556 | +€140,485 | +425% |
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 25 October 2026 via checked.be.