CARRELAGE & DESIGN: what changed
CARRELAGE & DESIGN
Largest movements
- Stocks and contracts -€51,129
down €51,129 (-72.8%), from €70,277 to €19,148
- Receivables within one year +€36,677
up €36,677 (+171%), from €21,492 to €58,169
of which Trade receivables: +€36,472
- Cash -€33,291
down €33,291 (-30.8%), from €108,135 to €74,843
mainly Receivables within one year (-€36,677) and Net result for the year (-€29,337)
- Tangible fixed assets -€8,574
down €8,574 (-8.8%), from €97,467 to €88,894
of which Furniture and vehicles: -€9,485
- Profit (loss) carried forward -€29,337
down €29,337 (-25.0%), from €117,343 to €88,006
- Trade debts -€15,988
down €15,988 (-18.1%), from €88,486 to €72,498
- Debts after one year -€14,597
down €14,597 (-24.9%), from €58,541 to €43,944
- Tax, wage and social debts +€5,212
up €5,212 (+151%), from €3,453 to €8,665
of which Taxes: +€7,840
- Gross operating margin -€58,165
down €58,165 (-36.6%), from €158,993 to €100,828
- Taxes -€8,442
down €8,442 (-97.8%), from €8,631 to €189
- Depreciation +€5,407
up €5,407 (+19.5%), from €27,698 to €33,105
- Financial charges +€4,794
up €4,794 (+74.7%), from €6,420 to €11,214
- Staff costs +€2,617
up €2,617 (+3.2%), from €82,038 to €84,655
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,789 | €248,504 | -€55,284 | -18.2% |
| Fixed assets | 21/28 | €99,277 | €90,720 | -€8,558 | -8.6% |
| Tangible fixed assets | 22/27 | €97,467 | €88,894 | -€8,574 | -8.8% |
| Plant, machinery and equipment | 23 | €12,230 | €13,142 | +€912 | +7.5% |
| Furniture and vehicles | 24 | €85,237 | €75,752 | -€9,485 | -11.1% |
| Financial fixed assets | 28 | €1,810 | €1,826 | +€16 | +0.9% |
| Current assets | 29/58 | €204,511 | €157,785 | -€46,727 | -22.8% |
| Stocks and contracts in progress | 3 | €70,277 | €19,148 | -€51,129 | -72.8% |
| Stocks | 30/36 | €70,277 | €19,148 | -€51,129 | -72.8% |
| Amounts receivable within one year | 40/41 | €21,492 | €58,169 | +€36,677 | +171% |
| Trade receivables | 40 | €11,760 | €48,232 | +€36,472 | +310% |
| Other amounts receivable | 41 | €9,732 | €9,937 | +€205 | +2.1% |
| Cash at bank and in hand | 54/58 | €108,135 | €74,843 | -€33,291 | -30.8% |
| Deferred charges and accrued income | 490/1 | €4,608 | €5,624 | +€1,016 | +22.1% |
| Total equity and liabilities | 10/49 | €303,789 | €248,504 | -€55,284 | -18.2% |
| Equity | 10/15 | €137,748 | €108,411 | -€29,337 | -21.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | - | -€18,550 | |
| Other | 1109/19 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100% |
| Distributable reserves | 133 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | €117,343 | €88,006 | -€29,337 | -25.0% |
| Amounts payable | 17/49 | €166,040 | €140,093 | -€25,947 | -15.6% |
| Amounts payable after more than one year | 17 | €58,541 | €43,944 | -€14,597 | -24.9% |
| Financial debts | 170/4 | €58,541 | €43,944 | -€14,597 | -24.9% |
| Amounts payable within one year | 42/48 | €107,499 | €95,759 | -€11,740 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €14,145 | €14,597 | +€453 | +3.2% |
| Trade debts | 44 | €88,486 | €72,498 | -€15,988 | -18.1% |
| Suppliers | 440/4 | €88,486 | €72,498 | -€15,988 | -18.1% |
| Taxes, remuneration and social security | 45 | €3,453 | €8,665 | +€5,212 | +151% |
| Taxes | 450/3 | €375 | €8,214 | +€7,840 | +2,092% |
| Remuneration and social security | 454/9 | €3,078 | €450 | -€2,628 | -85.4% |
| Other amounts payable | 47/48 | €1,416 | €0 | -€1,416 | -100% |
| Accrued charges and deferred income | 492/3 | - | €390 | +€390 | |
| Remuneration, social security and pensions | 62 | €82,038 | €84,655 | +€2,617 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,698 | €33,105 | +€5,407 | +19.5% |
| Other operating charges | 640/8 | €1,444 | €1,038 | -€406 | -28.1% |
| Gross operating margin | 9900 | €158,993 | €100,828 | -€58,165 | -36.6% |
| Operating profit (loss) | 9901 | €47,812 | -€17,971 | -€65,783 | |
| Financial income | 75/76B | €0 | €36 | +€36 | +358,800% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +358,800% |
| Financial charges | 65/66B | €6,420 | €11,214 | +€4,794 | +74.7% |
| Recurring financial charges | 65 | €6,420 | €11,214 | +€4,794 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €41,392 | -€29,148 | -€70,540 | |
| Income taxes | 67/77 | €8,631 | €189 | -€8,442 | -97.8% |
| Profit (loss) for the period | 9904 | €32,761 | -€29,337 | -€62,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,761 | -€29,337 | -€62,098 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.