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
- Receivables within one year -€30,668
down €30,668 (-92.8%), from €33,038 to €2,371
of which Trade receivables: -€32,988
- Tangible fixed assets -€6,556
down €6,556 (-48.2%), from €13,594 to €7,038
of which Plant, machinery and equipment: -€4,052
- Stocks and contracts -€1,488
no longer reported in 2025 (was €1,488)
- Cash -€1,154
down €1,154 (-32.8%), from €3,524 to €2,370
mainly Other debts (-€18,261) and Net result for the year (-€7,861)
- Deferred charges and accrued income +€566
up €566 (+60.6%), from €935 to €1,501
- Other debts -€18,261
no longer reported in 2025 (was €18,261)
- Profit (loss) carried forward -€7,886
down €7,886 (-45.1%), from -€17,486 to -€25,372
- Debts after one year -€6,144
down €6,144 (-56.9%), from €10,799 to €4,655
- Trade debts -€5,773
down €5,773 (-77.9%), from €7,410 to €1,637
- Tax, wage and social debts -€1,346
down €1,346 (-46.3%), from €2,909 to €1,563
of which Remuneration and social security: -€1,504
- Gross operating margin -€12,374
down €12,374 (-84.9%), from €14,577 to €2,203
- Depreciation -€676
down €676 (-9.4%), from €7,191 to €6,515
- Other operating charges -€444
down €444 (-28.8%), from €1,545 to €1,101
- Financial charges -€318
down €318 (-13.6%), from €2,342 to €2,024
- Taxes +€260
up €260 (+158.8%), from €164 to €424
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 | €52,580 | €13,280 | -€39,300 | -74.7% |
| Fixed assets | 21/28 | €13,594 | €7,038 | -€6,556 | -48.2% |
| Tangible fixed assets | 22/27 | €13,594 | €7,038 | -€6,556 | -48.2% |
| Land and buildings | 22 | €7,205 | €4,836 | -€2,369 | -32.9% |
| Plant, machinery and equipment | 23 | €6,254 | €2,202 | -€4,052 | -64.8% |
| Furniture and vehicles | 24 | €134 | - | -€134 | |
| Current assets | 29/58 | €38,986 | €6,242 | -€32,744 | -84.0% |
| Stocks and contracts in progress | 3 | €1,488 | - | -€1,488 | |
| Stocks | 30/36 | €1,488 | - | -€1,488 | |
| Amounts receivable within one year | 40/41 | €33,038 | €2,371 | -€30,668 | -92.8% |
| Trade receivables | 40 | €32,988 | - | -€32,988 | |
| Other amounts receivable | 41 | €51 | €2,371 | +€2,320 | +4567.7% |
| Cash at bank and in hand | 54/58 | €3,524 | €2,370 | -€1,154 | -32.8% |
| Deferred charges and accrued income | 490/1 | €935 | €1,501 | +€566 | +60.6% |
| Total equity and liabilities | 10/49 | €52,580 | €13,280 | -€39,300 | -74.7% |
| Equity | 10/15 | €7,166 | -€719 | -€7,886 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,053 | €6,053 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,720 | €1,720 | = | 0.0% |
| Legal reserve | 130 | €1,720 | €1,720 | = | 0.0% |
| Distributable reserves | 133 | €4,333 | €4,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,486 | -€25,372 | -€7,886 | -45.1% |
| Amounts payable | 17/49 | €45,413 | €13,999 | -€31,414 | -69.2% |
| Amounts payable after more than one year | 17 | €10,799 | €4,655 | -€6,144 | -56.9% |
| Financial debts | 170/4 | €10,799 | €4,655 | -€6,144 | -56.9% |
| Amounts payable within one year | 42/48 | €34,614 | €9,344 | -€25,271 | -73.0% |
| Current portion of amounts payable after more than one year | 42 | €6,034 | €6,144 | +€109 | +1.8% |
| Trade debts | 44 | €7,410 | €1,637 | -€5,773 | -77.9% |
| Suppliers | 440/4 | €7,410 | €1,637 | -€5,773 | -77.9% |
| Taxes, remuneration and social security | 45 | €2,909 | €1,563 | -€1,346 | -46.3% |
| Taxes | 450/3 | €1,405 | €1,563 | +€158 | +11.2% |
| Remuneration and social security | 454/9 | €1,504 | - | -€1,504 | |
| Other amounts payable | 47/48 | €18,261 | - | -€18,261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,191 | €6,515 | -€676 | -9.4% |
| Other operating charges | 640/8 | €1,545 | €1,101 | -€444 | -28.8% |
| Gross operating margin | 9900 | €14,577 | €2,203 | -€12,374 | -84.9% |
| Operating profit (loss) | 9901 | €5,841 | -€5,413 | -€11,254 | |
| Financial charges | 65/66B | €2,342 | €2,024 | -€318 | -13.6% |
| Recurring financial charges | 65 | €2,342 | €2,024 | -€318 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €3,499 | -€7,437 | -€10,936 | |
| Income taxes | 67/77 | €164 | €424 | +€260 | +158.8% |
| Profit (loss) for the period | 9904 | €3,335 | -€7,861 | -€11,197 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,335 | -€7,861 | -€11,197 |
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.