CARRE - MEGA: 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.
CARRE - MEGA
Largest movements
- Receivables within one year -€81,199
down €81,199 (-15.7%), from €517,211 to €436,011
of which Trade receivables: -€72,234
- Tangible fixed assets -€26,623
down €26,623 (-21.6%), from €123,217 to €96,594
of which Furniture and vehicles: -€26,061
- Profit (loss) carried forward -€108,741
down €108,741 (-374.8%), from -€29,016 to -€137,757
- Other debts +€36,023
up €36,023 (+19.4%), from €185,282 to €221,305
- Debts after one year -€30,432
down €30,432 (-26.8%), from €113,704 to €83,272
of which Financial debts: -€30,432
- Other operating charges +€26,665
up €26,665 (+171.3%), from €15,563 to €42,229
- Depreciation +€11,694
up €11,694 (+78.3%), from €14,930 to €26,623
- Gross operating margin -€5,731
down €5,731 (-30.3%), from -€18,931 to -€24,663
- Financial charges -€4,139
down €4,139 (-27.7%), from €14,965 to €10,826
of which Non-recurring financial charges: -€4,000
- Taxes +€406
up €406, from -€6 to €400
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 | €714,016 | €608,721 | -€105,295 | -14.7% |
| Fixed assets | 21/28 | €188,267 | €161,644 | -€26,623 | -14.1% |
| Tangible fixed assets | 22/27 | €123,217 | €96,594 | -€26,623 | -21.6% |
| Land and buildings | 22 | €10,427 | €9,865 | -€562 | -5.4% |
| Furniture and vehicles | 24 | €112,790 | €86,729 | -€26,061 | -23.1% |
| Financial fixed assets | 28 | €65,050 | €65,050 | = | 0.0% |
| Current assets | 29/58 | €525,748 | €447,077 | -€78,671 | -15.0% |
| Amounts receivable within one year | 40/41 | €517,211 | €436,011 | -€81,199 | -15.7% |
| Trade receivables | 40 | €111,671 | €39,437 | -€72,234 | -64.7% |
| Other amounts receivable | 41 | €405,540 | €396,575 | -€8,966 | -2.2% |
| Cash at bank and in hand | 54/58 | €3,038 | €5,566 | +€2,528 | +83.2% |
| Deferred charges and accrued income | 490/1 | €5,500 | €5,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €714,016 | €608,721 | -€105,295 | -14.7% |
| Equity | 10/15 | €161,702 | €52,961 | -€108,741 | -67.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €172,126 | €172,126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €2,215 | +€356 | +19.1% |
| Reserves not available under the articles | 1311 | €1,859 | €356 | -€1,504 | -80.9% |
| Other | 1319 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €170,267 | €169,911 | -€356 | -0.2% |
| Profit (loss) carried forward | 14 | -€29,016 | -€137,757 | -€108,741 | -374.8% |
| Provisions and deferred taxes | 16 | €213,331 | €209,171 | -€4,160 | -2.0% |
| Provisions for liabilities and charges | 160/5 | €213,331 | €209,171 | -€4,160 | -2.0% |
| Pensions and similar obligations | 160 | €99,811 | €99,811 | = | 0.0% |
| Other liabilities and charges | 164/5 | €113,520 | €109,360 | -€4,160 | -3.7% |
| Amounts payable | 17/49 | €338,982 | €346,589 | +€7,607 | +2.2% |
| Amounts payable after more than one year | 17 | €113,704 | €83,272 | -€30,432 | -26.8% |
| Financial debts | 170/4 | €48,704 | €18,272 | -€30,432 | -62.5% |
| Other amounts payable | 178/9 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €225,278 | €263,316 | +€38,039 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €29,400 | €30,432 | +€1,032 | +3.5% |
| Trade debts | 44 | €9,418 | €10,849 | +€1,431 | +15.2% |
| Suppliers | 440/4 | €9,418 | €10,849 | +€1,431 | +15.2% |
| Taxes, remuneration and social security | 45 | €1,178 | €730 | -€448 | -38.0% |
| Taxes | 450/3 | €1,178 | €730 | -€448 | -38.0% |
| Other amounts payable | 47/48 | €185,282 | €221,305 | +€36,023 | +19.4% |
| Non-recurring operating income | 76A | €22,800 | €0 | -€22,800 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,930 | €26,623 | +€11,694 | +78.3% |
| Other operating charges | 640/8 | €15,563 | €42,229 | +€26,665 | +171.3% |
| Non-recurring operating charges | 66A | - | €4,000 | +€4,000 | |
| Gross operating margin | 9900 | -€18,931 | -€24,663 | -€5,731 | -30.3% |
| Operating profit (loss) | 9901 | -€49,424 | -€97,515 | -€48,091 | -97.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €14,965 | €10,826 | -€4,139 | -27.7% |
| Recurring financial charges | 65 | €10,965 | €10,826 | -€139 | -1.3% |
| Non-recurring financial charges | 66B | €4,000 | €0 | -€4,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€64,389 | -€108,341 | -€43,953 | -68.3% |
| Income taxes | 67/77 | -€6 | €400 | +€406 | |
| Profit (loss) for the period | 9904 | -€64,382 | -€108,741 | -€44,359 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,382 | -€108,741 | -€44,359 | -68.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.