CARPINUS CONSULT: what changed
Two fiscal 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 CONSULT
Largest movements
- Cash +€96,719
up €96,719 (+28.2%), from €342,556 to €439,275
mainly Debts after one year (+€391,493) and Net result for the year (+€200,209)
- Tangible fixed assets -€36,433
down €36,433 (-9.4%), from €386,853 to €350,420
of which Furniture and vehicles: -€25,458
- Receivables within one year -€25,570
down €25,570 (-100.0%), from €25,570 to €0
of which Trade receivables: -€20,570
- Debts after one year +€391,493
new in 2025: €391,493
- Other debts -€261,022
down €261,022 (-54.0%), from €482,930 to €221,908
- Reserves -€69,791
down €69,791 (-32.0%), from €217,759 to €147,968
- Tax, wage and social debts -€16,642
down €16,642 (-66.2%), from €25,129 to €8,486
- Gross operating margin +€51,383
up €51,383 (+20.3%), from €252,875 to €304,258
- Depreciation -€29,193
down €29,193 (-44.5%), from €65,626 to €36,433
- Taxes +€20,031
up €20,031 (+45.9%), from €43,678 to €63,708
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 | €757,801 | €792,579 | +€34,778 | +4.6% |
| Fixed assets | 21/28 | €386,853 | €350,420 | -€36,433 | -9.4% |
| Tangible fixed assets | 22/27 | €386,853 | €350,420 | -€36,433 | -9.4% |
| Land and buildings | 22 | €313,348 | €302,372 | -€10,976 | -3.5% |
| Furniture and vehicles | 24 | €73,506 | €48,048 | -€25,458 | -34.6% |
| Current assets | 29/58 | €370,948 | €442,159 | +€71,211 | +19.2% |
| Amounts receivable within one year | 40/41 | €25,570 | €0 | -€25,570 | -100.0% |
| Trade receivables | 40 | €20,570 | €0 | -€20,570 | -100.0% |
| Other amounts receivable | 41 | €5,000 | €0 | -€5,000 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €342,556 | €439,275 | +€96,719 | +28.2% |
| Deferred charges and accrued income | 490/1 | €2,822 | €2,884 | +€62 | +2.2% |
| Total equity and liabilities | 10/49 | €757,801 | €792,579 | +€34,778 | +4.6% |
| Equity | 10/15 | €227,759 | €157,968 | -€69,791 | -30.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €217,759 | €147,968 | -€69,791 | -32.0% |
| Distributable reserves | 133 | €217,759 | €147,968 | -€69,791 | -32.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €530,043 | €634,611 | +€104,569 | +19.7% |
| Amounts payable after more than one year | 17 | - | €391,493 | +€391,493 | |
| Other amounts payable | 178/9 | - | €391,493 | +€391,493 | |
| Amounts payable within one year | 42/48 | €510,244 | €230,466 | -€279,778 | -54.8% |
| Trade debts | 44 | €2,185 | €72 | -€2,113 | -96.7% |
| Suppliers | 440/4 | €2,185 | €72 | -€2,113 | -96.7% |
| Taxes, remuneration and social security | 45 | €25,129 | €8,486 | -€16,642 | -66.2% |
| Taxes | 450/3 | €25,129 | €8,486 | -€16,642 | -66.2% |
| Other amounts payable | 47/48 | €482,930 | €221,908 | -€261,022 | -54.0% |
| Accrued charges and deferred income | 492/3 | €19,799 | €12,652 | -€7,147 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,626 | €36,433 | -€29,193 | -44.5% |
| Other operating charges | 640/8 | €2,919 | €2,812 | -€107 | -3.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €252,875 | €304,258 | +€51,383 | +20.3% |
| Operating profit (loss) | 9901 | €184,330 | €265,013 | +€80,682 | +43.8% |
| Financial income | 75/76B | €16,595 | €15,816 | -€779 | -4.7% |
| Recurring financial income | 75 | €16,595 | €15,816 | -€779 | -4.7% |
| Financial charges | 65/66B | €19,448 | €16,911 | -€2,537 | -13.0% |
| Recurring financial charges | 65 | €19,448 | €16,911 | -€2,537 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €181,478 | €263,918 | +€82,440 | +45.4% |
| Income taxes | 67/77 | €43,678 | €63,708 | +€20,031 | +45.9% |
| Profit (loss) for the period | 9904 | €137,800 | €200,209 | +€62,409 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €137,800 | €200,209 | +€62,409 | +45.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.