CARRE VERT: 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 VERT
Largest movements
- Receivables within one year +€19,899
up €19,899 (+51.5%), from €38,654 to €58,552
of which Trade receivables: +€22,400
- Cash +€16,118
up €16,118 (+73.4%), from €21,967 to €38,085
mainly Net result for the year (+€23,996) and Tax, wage and social debts (+€13,504)
- Stocks and contracts -€9,884
down €9,884 (-8.3%), from €119,577 to €109,693
- Reserves +€23,000
up €23,000 (+78.5%), from €29,288 to €52,288
- Tax, wage and social debts +€13,504
up €13,504 (+45.4%), from €29,772 to €43,276
of which Taxes: +€12,380
- Other debts -€8,977
down €8,977 (-15.5%), from €57,949 to €48,973
- Debts after one year -€6,789
down €6,789 (-100.0%), from €6,789 to €0
- Trade debts +€5,152
up €5,152 (+27.8%), from €18,564 to €23,716
- Gross operating margin +€5,057
up €5,057 (+5.2%), from €96,475 to €101,531
- Taxes +€4,901
up €4,901 (+92.0%), from €5,330 to €10,231
- Financial charges -€1,857
down €1,857 (-26.2%), from €7,079 to €5,221
- Depreciation -€1,468
down €1,468 (-17.8%), from €8,235 to €6,766
- Other operating charges -€1,342
down €1,342 (-62.6%), from €2,143 to €801
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 | €197,598 | €222,308 | +€24,710 | +12.5% |
| Fixed assets | 21/28 | €15,241 | €15,798 | +€557 | +3.7% |
| Intangible fixed assets | 21 | €2,946 | €2,346 | -€600 | -20.4% |
| Tangible fixed assets | 22/27 | €11,895 | €13,052 | +€1,157 | +9.7% |
| Plant, machinery and equipment | 23 | €8,516 | €12,582 | +€4,066 | +47.7% |
| Furniture and vehicles | 24 | €3,379 | €470 | -€2,909 | -86.1% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €182,357 | €206,510 | +€24,153 | +13.2% |
| Stocks and contracts in progress | 3 | €119,577 | €109,693 | -€9,884 | -8.3% |
| Stocks | 30/36 | €119,577 | €109,693 | -€9,884 | -8.3% |
| Amounts receivable within one year | 40/41 | €38,654 | €58,552 | +€19,899 | +51.5% |
| Trade receivables | 40 | €36,153 | €58,552 | +€22,400 | +62.0% |
| Other amounts receivable | 41 | €2,501 | €0 | -€2,501 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,967 | €38,085 | +€16,118 | +73.4% |
| Deferred charges and accrued income | 490/1 | €2,159 | €180 | -€1,979 | -91.7% |
| Total equity and liabilities | 10/49 | €197,598 | €222,308 | +€24,710 | +12.5% |
| Equity | 10/15 | €49,552 | €73,548 | +€23,996 | +48.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,288 | €52,288 | +€23,000 | +78.5% |
| Distributable reserves | 133 | €29,288 | €52,288 | +€23,000 | +78.5% |
| Profit (loss) carried forward | 14 | €1,664 | €2,660 | +€996 | +59.9% |
| Amounts payable | 17/49 | €148,047 | €148,760 | +€713 | +0.5% |
| Amounts payable after more than one year | 17 | €6,789 | €0 | -€6,789 | -100.0% |
| Financial debts | 170/4 | €6,789 | €0 | -€6,789 | -100.0% |
| Amounts payable within one year | 42/48 | €141,258 | €147,753 | +€6,495 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €9,973 | €6,789 | -€3,184 | -31.9% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €18,564 | €23,716 | +€5,152 | +27.8% |
| Suppliers | 440/4 | €18,564 | €23,716 | +€5,152 | +27.8% |
| Taxes, remuneration and social security | 45 | €29,772 | €43,276 | +€13,504 | +45.4% |
| Taxes | 450/3 | €19,914 | €32,294 | +€12,380 | +62.2% |
| Remuneration and social security | 454/9 | €9,858 | €10,982 | +€1,125 | +11.4% |
| Other amounts payable | 47/48 | €57,949 | €48,973 | -€8,977 | -15.5% |
| Accrued charges and deferred income | 492/3 | - | €1,007 | +€1,007 | |
| Remuneration, social security and pensions | 62 | €54,777 | €55,923 | +€1,147 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,235 | €6,766 | -€1,468 | -17.8% |
| Other operating charges | 640/8 | €2,143 | €801 | -€1,342 | -62.6% |
| Gross operating margin | 9900 | €96,475 | €101,531 | +€5,057 | +5.2% |
| Operating profit (loss) | 9901 | €31,320 | €38,041 | +€6,720 | +21.5% |
| Financial income | 75/76B | €1,282 | €1,408 | +€125 | +9.8% |
| Recurring financial income | 75 | €1,282 | €1,408 | +€125 | +9.8% |
| Financial charges | 65/66B | €7,079 | €5,221 | -€1,857 | -26.2% |
| Recurring financial charges | 65 | €7,079 | €5,221 | -€1,857 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €25,524 | €34,227 | +€8,703 | +34.1% |
| Income taxes | 67/77 | €5,330 | €10,231 | +€4,901 | +92.0% |
| Profit (loss) for the period | 9904 | €20,194 | €23,996 | +€3,802 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,194 | €23,996 | +€3,802 | +18.8% |
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 10 October 2026 via checked.be.