CARRARA: 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.
CARRARA
Largest movements
- Stocks and contracts -€32,482
down €32,482 (-6.6%), from €493,635 to €461,153
of which Contracts in progress: -€32,482
- Tangible fixed assets -€15,144
down €15,144 (-6.2%), from €245,785 to €230,641
of which Plant, machinery and equipment: -€14,253
- Cash -€10,715
down €10,715 (-65.2%), from €16,431 to €5,716
mainly Trade debts (-€24,536) and Net result for the year (-€21,968)
- Trade debts -€24,536
down €24,536 (-22.4%), from €109,676 to €85,140
- Profit (loss) carried forward -€21,968
down €21,968 (-14.4%), from -€152,908 to -€174,876
- Staff costs -€17,321
down €17,321 (-5.8%), from €297,170 to €279,849
- Gross operating margin +€17,266
up €17,266 (+6.1%), from €282,997 to €300,264
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 | €823,609 | €772,204 | -€51,405 | -6.2% |
| Fixed assets | 21/28 | €245,785 | €230,641 | -€15,144 | -6.2% |
| Tangible fixed assets | 22/27 | €245,785 | €230,641 | -€15,144 | -6.2% |
| Land and buildings | 22 | €160,887 | €159,996 | -€891 | -0.6% |
| Plant, machinery and equipment | 23 | €84,898 | €70,645 | -€14,253 | -16.8% |
| Current assets | 29/58 | €577,824 | €541,563 | -€36,261 | -6.3% |
| Stocks and contracts in progress | 3 | €493,635 | €461,153 | -€32,482 | -6.6% |
| Stocks | 30/36 | €461,153 | €461,153 | = | 0.0% |
| Contracts in progress | 37 | €32,482 | €0 | -€32,482 | -100.0% |
| Amounts receivable within one year | 40/41 | €61,935 | €65,987 | +€4,052 | +6.5% |
| Trade receivables | 40 | €59,346 | €65,982 | +€6,636 | +11.2% |
| Other amounts receivable | 41 | €2,589 | €4 | -€2,585 | -99.8% |
| Current investments | 50/53 | €111 | €111 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,431 | €5,716 | -€10,715 | -65.2% |
| Deferred charges and accrued income | 490/1 | €5,712 | €8,597 | +€2,884 | +50.5% |
| Total equity and liabilities | 10/49 | €823,609 | €772,204 | -€51,405 | -6.2% |
| Equity | 10/15 | €558,034 | €536,067 | -€21,968 | -3.9% |
| Contributions | 10/11 | €710,943 | €710,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,908 | -€174,876 | -€21,968 | -14.4% |
| Amounts payable | 17/49 | €265,575 | €236,137 | -€29,437 | -11.1% |
| Amounts payable within one year | 42/48 | €265,575 | €236,137 | -€29,437 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €125,000 | €125,678 | +€678 | +0.5% |
| Credit institutions | 430/8 | €125,000 | €125,678 | +€678 | +0.5% |
| Trade debts | 44 | €109,676 | €85,140 | -€24,536 | -22.4% |
| Suppliers | 440/4 | €109,676 | €85,140 | -€24,536 | -22.4% |
| Taxes, remuneration and social security | 45 | €30,898 | €25,319 | -€5,579 | -18.1% |
| Taxes | 450/3 | €3,787 | €10,528 | +€6,741 | +178.0% |
| Remuneration and social security | 454/9 | €27,111 | €14,791 | -€12,320 | -45.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €297,170 | €279,849 | -€17,321 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,483 | €15,144 | +€661 | +4.6% |
| Other operating charges | 640/8 | €12,650 | €13,308 | +€657 | +5.2% |
| Non-recurring operating charges | 66A | - | €4,031 | +€4,031 | |
| Gross operating margin | 9900 | €282,997 | €300,264 | +€17,266 | +6.1% |
| Operating profit (loss) | 9901 | -€41,306 | -€12,069 | +€29,238 | +70.8% |
| Financial income | 75/76B | €43 | €254 | +€211 | +494.7% |
| Recurring financial income | 75 | €43 | €254 | +€211 | +494.7% |
| Financial charges | 65/66B | €9,983 | €10,148 | +€166 | +1.7% |
| Recurring financial charges | 65 | €9,983 | €10,148 | +€166 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€51,246 | -€21,963 | +€29,283 | +57.1% |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€51,246 | -€21,968 | +€29,279 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,246 | -€21,968 | +€29,279 | +57.1% |
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 7 October 2026 via checked.be.