CarRaph: 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.
CarRaph
Largest movements
- Cash +€44,021
up €44,021 (+186.5%), from €23,601 to €67,622
mainly Receivables after one year (+€30,000) and Receivables within one year (+€11,402)
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year -€11,402
down €11,402 (-42.7%), from €26,674 to €15,272
of which Trade receivables: -€12,403
- Deferred charges and accrued income +€2,193
up €2,193 (+1674.1%), from €131 to €2,324
- Reserves +€11,025
up €11,025 (+18.0%), from €61,142 to €72,167
- Tax, wage and social debts -€7,664
down €7,664 (-42.3%), from €18,101 to €10,437
of which Taxes: -€9,664
- Gross operating margin -€67,814
down €67,814 (-82.3%), from €82,353 to €14,539
- Taxes -€17,462
down €17,462 (-85.3%), from €20,462 to €3,000
- Financial income +€1,549
up €1,549 (+1182.2%), from €131 to €1,680
- Other operating charges +€1,195
new in 2025: €1,195
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 | €81,567 | €86,142 | +€4,575 | +5.6% |
| Fixed assets | 21/28 | €1,160 | €923 | -€237 | -20.4% |
| Tangible fixed assets | 22/27 | €1,160 | €923 | -€237 | -20.4% |
| Plant, machinery and equipment | 23 | €276 | €631 | +€356 | +129.0% |
| Furniture and vehicles | 24 | €884 | €292 | -€592 | -67.0% |
| Current assets | 29/58 | €80,407 | €85,218 | +€4,812 | +6.0% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €26,674 | €15,272 | -€11,402 | -42.7% |
| Trade receivables | 40 | €26,674 | €14,272 | -€12,403 | -46.5% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €23,601 | €67,622 | +€44,021 | +186.5% |
| Deferred charges and accrued income | 490/1 | €131 | €2,324 | +€2,193 | +1674.1% |
| Total equity and liabilities | 10/49 | €81,567 | €86,142 | +€4,575 | +5.6% |
| Equity | 10/15 | €63,142 | €74,167 | +€11,025 | +17.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €61,142 | €72,167 | +€11,025 | +18.0% |
| Distributable reserves | 133 | €61,142 | €72,167 | +€11,025 | +18.0% |
| Amounts payable | 17/49 | €18,425 | €11,974 | -€6,450 | -35.0% |
| Amounts payable within one year | 42/48 | €18,425 | €11,974 | -€6,450 | -35.0% |
| Trade debts | 44 | €215 | €1,024 | +€809 | +376.8% |
| Suppliers | 440/4 | €215 | €1,024 | +€809 | +376.8% |
| Taxes, remuneration and social security | 45 | €18,101 | €10,437 | -€7,664 | -42.3% |
| Taxes | 450/3 | €18,101 | €8,437 | -€9,664 | -53.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €109 | €513 | +€404 | +371.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €852 | €934 | +€83 | +9.7% |
| Other operating charges | 640/8 | - | €1,195 | +€1,195 | |
| Gross operating margin | 9900 | €82,353 | €14,539 | -€67,814 | -82.3% |
| Operating profit (loss) | 9901 | €81,501 | €12,409 | -€69,092 | -84.8% |
| Financial income | 75/76B | €131 | €1,680 | +€1,549 | +1182.2% |
| Recurring financial income | 75 | €131 | €1,680 | +€1,549 | +1182.2% |
| Financial charges | 65/66B | €28 | €64 | +€36 | +125.3% |
| Recurring financial charges | 65 | €28 | €64 | +€36 | +125.3% |
| Profit (loss) for the period before taxes | 9903 | €81,604 | €14,025 | -€67,579 | -82.8% |
| Income taxes | 67/77 | €20,462 | €3,000 | -€17,462 | -85.3% |
| Profit (loss) for the period | 9904 | €61,142 | €11,025 | -€50,116 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,142 | €11,025 | -€50,116 | -82.0% |
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.