CARRE: 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.
CARRE
Largest movements
- Cash +€8,489
up €8,489 (+79.9%), from €10,622 to €19,111
mainly Net result for the year (+€6,279) and Stocks and contracts (+€3,973)
- Stocks and contracts -€3,973
down €3,973 (-19.5%), from €20,322 to €16,350
- Receivables within one year +€1,265
up €1,265 (+9.7%), from €12,996 to €14,262
of which Trade receivables: +€2,872
- Profit (loss) carried forward +€6,279
up €6,279 (+17.7%), from -€35,487 to -€29,208
- Trade debts -€2,088
down €2,088 (-9.9%), from €21,059 to €18,971
- Tax, wage and social debts +€1,890
new in 2025: €1,890
- Advances received -€856
no longer reported in 2025 (was €856)
- Other debts +€508
up €508 (+1.4%), from €37,535 to €38,044
- Gross operating margin +€6,435
up €6,435 (+1580.9%), from €407 to €6,842
- Other operating charges -€335
down €335 (-45.6%), from €735 to €400
- Depreciation -€145
down €145 (-75.0%), from €193 to €48
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 | €43,989 | €49,722 | +€5,733 | +13.0% |
| Fixed assets | 21/28 | €48 | - | -€48 | |
| Tangible fixed assets | 22/27 | €48 | - | -€48 | |
| Furniture and vehicles | 24 | €48 | - | -€48 | |
| Current assets | 29/58 | €43,941 | €49,722 | +€5,782 | +13.2% |
| Stocks and contracts in progress | 3 | €20,322 | €16,350 | -€3,973 | -19.5% |
| Stocks | 30/36 | €20,322 | €16,350 | -€3,973 | -19.5% |
| Amounts receivable within one year | 40/41 | €12,996 | €14,262 | +€1,265 | +9.7% |
| Trade receivables | 40 | €512 | €3,384 | +€2,872 | +561.0% |
| Other amounts receivable | 41 | €12,485 | €10,878 | -€1,607 | -12.9% |
| Cash at bank and in hand | 54/58 | €10,622 | €19,111 | +€8,489 | +79.9% |
| Total equity and liabilities | 10/49 | €43,989 | €49,722 | +€5,733 | +13.0% |
| Equity | 10/15 | -€15,462 | -€9,183 | +€6,279 | +40.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,433 | €1,433 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,433 | €1,433 | = | 0.0% |
| Legal reserve | 130 | €1,433 | €1,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,487 | -€29,208 | +€6,279 | +17.7% |
| Amounts payable | 17/49 | €59,450 | €58,905 | -€546 | -0.9% |
| Amounts payable within one year | 42/48 | €59,450 | €58,905 | -€546 | -0.9% |
| Trade debts | 44 | €21,059 | €18,971 | -€2,088 | -9.9% |
| Suppliers | 440/4 | €21,059 | €18,971 | -€2,088 | -9.9% |
| Advances received on contracts in progress | 46 | €856 | - | -€856 | |
| Taxes, remuneration and social security | 45 | - | €1,890 | +€1,890 | |
| Taxes | 450/3 | - | €1,890 | +€1,890 | |
| Other amounts payable | 47/48 | €37,535 | €38,044 | +€508 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €48 | -€145 | -75.0% |
| Other operating charges | 640/8 | €735 | €400 | -€335 | -45.6% |
| Non-recurring operating charges | 66A | €1,305 | - | -€1,305 | |
| Gross operating margin | 9900 | €407 | €6,842 | +€6,435 | +1580.9% |
| Operating profit (loss) | 9901 | -€1,827 | €6,394 | +€8,221 | |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €158 | €146 | -€12 | -7.9% |
| Recurring financial charges | 65 | €158 | €146 | -€12 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,985 | €6,279 | +€8,264 | |
| Profit (loss) for the period | 9904 | -€1,985 | €6,279 | +€8,264 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,985 | €6,279 | +€8,264 |
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 4 October 2026 via checked.be.