CARRAGINN: 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.
CARRAGINN
Largest movements
- Cash -€63,370
down €63,370 (-5.2%), from €1.2m to €1.2m
mainly Other debts (-€262,681) and Short-term financial debts (-€1,504)
- Receivables within one year -€35,989
down €35,989 (-55.9%), from €64,326 to €28,336
of which Trade receivables: -€30,645
- Tangible fixed assets -€15,834
down €15,834 (-63.4%), from €24,988 to €9,154
- Other debts -€262,681
down €262,681 (-81.1%), from €323,988 to €61,307
- Reserves +€145,826
up €145,826 (+15.2%), from €957,591 to €1.1m
of which Distributable reserves: +€100,602
- Gross operating margin +€10,459
up €10,459 (+5.1%), from €203,211 to €213,670
- Financial income +€4,022
up €4,022 (+99.2%), from €4,054 to €8,076
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 | €1,319,244 | €1,204,139 | -€115,104 | -8.7% |
| Fixed assets | 21/28 | €25,048 | €9,214 | -€15,834 | -63.2% |
| Tangible fixed assets | 22/27 | €24,988 | €9,154 | -€15,834 | -63.4% |
| Furniture and vehicles | 24 | €24,988 | €9,154 | -€15,834 | -63.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €1,294,196 | €1,194,926 | -€99,270 | -7.7% |
| Amounts receivable within one year | 40/41 | €64,326 | €28,336 | -€35,989 | -55.9% |
| Trade receivables | 40 | €58,971 | €28,326 | -€30,645 | -52.0% |
| Other amounts receivable | 41 | €5,355 | €11 | -€5,344 | -99.8% |
| Cash at bank and in hand | 54/58 | €1,228,478 | €1,165,108 | -€63,370 | -5.2% |
| Deferred charges and accrued income | 490/1 | €1,392 | €1,481 | +€89 | +6.4% |
| Total equity and liabilities | 10/49 | €1,319,244 | €1,204,139 | -€115,104 | -8.7% |
| Equity | 10/15 | €976,191 | €1,122,017 | +€145,826 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €957,591 | €1,103,417 | +€145,826 | +15.2% |
| Tax-exempt reserves | 132 | €105,929 | €151,153 | +€45,224 | +42.7% |
| Distributable reserves | 133 | €851,662 | €952,264 | +€100,602 | +11.8% |
| Amounts payable | 17/49 | €343,053 | €82,122 | -€260,930 | -76.1% |
| Amounts payable within one year | 42/48 | €340,799 | €79,138 | -€261,661 | -76.8% |
| Financial debts | 43 | €1,504 | - | -€1,504 | |
| Credit institutions | 430/8 | €1,504 | - | -€1,504 | |
| Trade debts | 44 | €1,973 | €1,420 | -€553 | -28.0% |
| Suppliers | 440/4 | €1,973 | €1,420 | -€553 | -28.0% |
| Taxes, remuneration and social security | 45 | €13,335 | €16,411 | +€3,077 | +23.1% |
| Taxes | 450/3 | €13,335 | €16,411 | +€3,077 | +23.1% |
| Other amounts payable | 47/48 | €323,988 | €61,307 | -€262,681 | -81.1% |
| Accrued charges and deferred income | 492/3 | €2,254 | €2,985 | +€730 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,834 | €15,834 | = | 0.0% |
| Other operating charges | 640/8 | €1,697 | €1,755 | +€58 | +3.4% |
| Gross operating margin | 9900 | €203,211 | €213,670 | +€10,459 | +5.1% |
| Operating profit (loss) | 9901 | €185,679 | €196,081 | +€10,401 | +5.6% |
| Financial income | 75/76B | €4,054 | €8,076 | +€4,022 | +99.2% |
| Recurring financial income | 75 | €4,054 | €8,076 | +€4,022 | +99.2% |
| Financial charges | 65/66B | €2,711 | €3,517 | +€807 | +29.8% |
| Recurring financial charges | 65 | €2,711 | €3,517 | +€807 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €187,023 | €200,640 | +€13,617 | +7.3% |
| Income taxes | 67/77 | €55,976 | €54,814 | -€1,162 | -2.1% |
| Profit (loss) for the period | 9904 | €131,047 | €145,826 | +€14,778 | +11.3% |
| Transfer from tax-exempt reserves | 789 | €78,550 | €17,926 | -€60,624 | -77.2% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €63,150 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,448 | €100,602 | -€45,845 | -31.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.