Carré Capital: 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.
Carré Capital
Largest movements
- Tangible fixed assets +€870,999
up €870,999 (+91.4%), from €953,288 to €1.8m
- Receivables within one year -€25,000
down €25,000 (-94.3%), from €26,500 to €1,500
of which Trade receivables: -€25,000
- Debts after one year +€767,445
up €767,445 (+101%), from €762,237 to €1.5m
- Other debts +€53,625
up €53,625 (+38.5%), from €139,426 to €193,051
- Accrued charges and deferred income +€25,737
up €25,737 (+3,391%), from €759 to €26,496
- Current portion of long-term debt +€19,386
up €19,386 (+46.1%), from €42,044 to €61,430
- Gross operating margin +€22,466
up €22,466 (+52.4%), from €42,869 to €65,334
- Financial charges +€5,342
up €5,342 (+33.0%), from €16,211 to €21,552
- Depreciation +€5,259
up €5,259 (+15.4%), from €34,189 to €39,448
- Other operating charges +€4,238
up €4,238 (+108%), from €3,920 to €8,157
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 | €985,637 | €1,857,220 | +€871,583 | +88.4% |
| Formation expenses | 20 | €143 | €0 | -€143 | -100% |
| Fixed assets | 21/28 | €953,288 | €1,824,287 | +€870,999 | +91.4% |
| Tangible fixed assets | 22/27 | €953,288 | €1,824,287 | +€870,999 | +91.4% |
| Land and buildings | 22 | €953,288 | €1,824,287 | +€870,999 | +91.4% |
| Current assets | 29/58 | €32,207 | €32,933 | +€726 | +2.3% |
| Amounts receivable within one year | 40/41 | €26,500 | €1,500 | -€25,000 | -94.3% |
| Trade receivables | 40 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 41 | €1,500 | €1,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,339 | €22,606 | +€18,267 | +421% |
| Deferred charges and accrued income | 490/1 | €1,368 | €8,827 | +€7,460 | +545% |
| Total equity and liabilities | 10/49 | €985,637 | €1,857,220 | +€871,583 | +88.4% |
| Equity | 10/15 | €38,952 | €35,229 | -€3,723 | -9.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,048 | -€14,771 | -€3,723 | -33.7% |
| Amounts payable | 17/49 | €946,685 | €1,821,991 | +€875,306 | +92.5% |
| Amounts payable after more than one year | 17 | €762,237 | €1,529,682 | +€767,445 | +101% |
| Financial debts | 170/4 | €762,237 | €1,529,682 | +€767,445 | +101% |
| Amounts payable within one year | 42/48 | €183,689 | €265,812 | +€82,124 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €42,044 | €61,430 | +€19,386 | +46.1% |
| Trade debts | 44 | €2,218 | €11,332 | +€9,113 | +411% |
| Suppliers | 440/4 | €2,218 | €11,332 | +€9,113 | +411% |
| Other amounts payable | 47/48 | €139,426 | €193,051 | +€53,625 | +38.5% |
| Accrued charges and deferred income | 492/3 | €759 | €26,496 | +€25,737 | +3,391% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,189 | €39,448 | +€5,259 | +15.4% |
| Other operating charges | 640/8 | €3,920 | €8,157 | +€4,238 | +108% |
| Gross operating margin | 9900 | €42,869 | €65,334 | +€22,466 | +52.4% |
| Operating profit (loss) | 9901 | €4,760 | €17,729 | +€12,969 | +272% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €16,211 | €21,552 | +€5,342 | +33.0% |
| Recurring financial charges | 65 | €16,211 | €21,552 | +€5,342 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,451 | -€3,723 | +€7,727 | +67.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,451 | -€3,723 | +€7,727 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,451 | -€3,723 | +€7,727 | +67.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.