CARRÉ CARDS: 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 CARDS
Largest movements
- Receivables within one year +€58,871
up €58,871 (+18.1%), from €325,613 to €384,483
of which Trade receivables: +€58,981
- Stocks and contracts -€31,500
down €31,500 (-5.6%), from €561,900 to €530,400
- Tangible fixed assets +€27,472
up €27,472 (+24.6%), from €111,503 to €138,975
- Cash +€12,334
up €12,334 (+33.5%), from €36,852 to €49,186
mainly Depreciation (+€69,563) and Stocks and contracts (+€31,500)
- Debts after one year +€29,791
up €29,791 (+30.9%), from €96,556 to €126,347
- Current portion of long-term debt +€23,052
up €23,052 (+94.9%), from €24,287 to €47,339
- Other debts +€19,536
up €19,536 (+9.3%), from €209,792 to €229,328
- Gross operating margin +€33,515
up €33,515 (+7.5%), from €444,795 to €478,310
- Staff costs +€12,165
up €12,165 (+3.3%), from €364,448 to €376,613
- Depreciation +€10,944
up €10,944 (+18.7%), from €58,619 to €69,563
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 | €1,043,530 | €1,110,708 | +€67,177 | +6.4% |
| Fixed assets | 21/28 | €119,166 | €146,638 | +€27,472 | +23.1% |
| Tangible fixed assets | 22/27 | €111,503 | €138,975 | +€27,472 | +24.6% |
| Furniture and vehicles | 24 | €111,503 | €138,975 | +€27,472 | +24.6% |
| Financial fixed assets | 28 | €7,663 | €7,663 | = | 0.0% |
| Current assets | 29/58 | €924,365 | €964,070 | +€39,705 | +4.3% |
| Stocks and contracts in progress | 3 | €561,900 | €530,400 | -€31,500 | -5.6% |
| Stocks | 30/36 | €561,900 | €530,400 | -€31,500 | -5.6% |
| Amounts receivable within one year | 40/41 | €325,613 | €384,483 | +€58,871 | +18.1% |
| Trade receivables | 40 | €299,142 | €358,123 | +€58,981 | +19.7% |
| Other amounts receivable | 41 | €26,471 | €26,360 | -€111 | -0.4% |
| Cash at bank and in hand | 54/58 | €36,852 | €49,186 | +€12,334 | +33.5% |
| Total equity and liabilities | 10/49 | €1,043,530 | €1,110,708 | +€67,177 | +6.4% |
| Equity | 10/15 | €295,012 | €299,664 | +€4,651 | +1.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,112 | €278,764 | +€4,651 | +1.7% |
| Amounts payable | 17/49 | €748,518 | €811,044 | +€62,526 | +8.4% |
| Amounts payable after more than one year | 17 | €96,556 | €126,347 | +€29,791 | +30.9% |
| Financial debts | 170/4 | €96,556 | €126,347 | +€29,791 | +30.9% |
| Amounts payable within one year | 42/48 | €651,962 | €684,697 | +€32,735 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €24,287 | €47,339 | +€23,052 | +94.9% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €126,846 | €120,687 | -€6,159 | -4.9% |
| Suppliers | 440/4 | €126,846 | €120,687 | -€6,159 | -4.9% |
| Taxes, remuneration and social security | 45 | €41,037 | €37,343 | -€3,693 | -9.0% |
| Taxes | 450/3 | €3,956 | €2,086 | -€1,871 | -47.3% |
| Remuneration and social security | 454/9 | €37,080 | €35,258 | -€1,823 | -4.9% |
| Other amounts payable | 47/48 | €209,792 | €229,328 | +€19,536 | +9.3% |
| Non-recurring operating income | 76A | €1,653 | €16,576 | +€14,923 | +903% |
| Remuneration, social security and pensions | 62 | €364,448 | €376,613 | +€12,165 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,619 | €69,563 | +€10,944 | +18.7% |
| Other operating charges | 640/8 | €2,805 | €3,479 | +€675 | +24.0% |
| Non-recurring operating charges | 66A | €4,063 | €4,295 | +€232 | +5.7% |
| Gross operating margin | 9900 | €444,795 | €478,310 | +€33,515 | +7.5% |
| Operating profit (loss) | 9901 | €14,860 | €24,359 | +€9,499 | +63.9% |
| Financial income | 75/76B | €1,415 | €624 | -€791 | -55.9% |
| Recurring financial income | 75 | €1,415 | €624 | -€791 | -55.9% |
| Financial charges | 65/66B | €20,166 | €18,827 | -€1,339 | -6.6% |
| Recurring financial charges | 65 | €20,166 | €18,827 | -€1,339 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,892 | €6,156 | +€10,047 | |
| Income taxes | 67/77 | -€1,996 | €1,504 | +€3,500 | |
| Profit (loss) for the period | 9904 | -€1,896 | €4,651 | +€6,547 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,896 | €4,651 | +€6,547 |
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 28 October 2026 via checked.be.