CARREWYN & PARTNERS: 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.
CARREWYN & PARTNERS
Largest movements
- Cash +€298,382
up €298,382 (+760%), from €39,239 to €337,621
mainly Receivables within one year (+€188,083) and Other debts (+€128,786)
- Receivables within one year -€188,083
down €188,083 (-79.0%), from €237,989 to €49,906
of which Other amounts receivable: -€226,528
- Current investments -€77,877
down €77,877 (-11.7%), from €664,882 to €587,005
- Tangible fixed assets -€37,630
down €37,630 (-6.7%), from €563,418 to €525,788
of which Furniture and vehicles: -€28,291
- Reserves -€167,250
down €167,250 (-16.5%), from €1.0m to €847,896
of which Distributable reserves: -€167,250
- Other debts +€128,786
up €128,786 (+3,438%), from €3,746 to €132,531
- Trade debts +€30,546
up €30,546 (+1,096%), from €2,786 to €33,333
- Gross operating margin +€42,915
up €42,915 (+742%), from €5,783 to €48,698
- Financial income -€22,021
down €22,021 (-32.5%), from €67,809 to €45,788
- Taxes +€6,158
up €6,158 (+69.6%), from €8,852 to €15,010
- Depreciation +€3,357
up €3,357 (+7.9%), from €42,368 to €45,724
- Other operating charges -€627
down €627 (-9.8%), from €6,365 to €5,738
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 | €1,564,238 | €1,557,938 | -€6,300 | -0.4% |
| Fixed assets | 21/28 | €619,668 | €582,038 | -€37,630 | -6.1% |
| Tangible fixed assets | 22/27 | €563,418 | €525,788 | -€37,630 | -6.7% |
| Land and buildings | 22 | €418,656 | €405,164 | -€13,492 | -3.2% |
| Plant, machinery and equipment | 23 | €5,892 | €10,186 | +€4,293 | +72.9% |
| Furniture and vehicles | 24 | €121,086 | €92,795 | -€28,291 | -23.4% |
| Other tangible fixed assets | 26 | €17,783 | €17,643 | -€140 | -0.8% |
| Financial fixed assets | 28 | €56,250 | €56,250 | = | 0.0% |
| Current assets | 29/58 | €944,569 | €975,899 | +€31,330 | +3.3% |
| Amounts receivable within one year | 40/41 | €237,989 | €49,906 | -€188,083 | -79.0% |
| Trade receivables | 40 | - | €38,445 | +€38,445 | |
| Other amounts receivable | 41 | €237,989 | €11,461 | -€226,528 | -95.2% |
| Current investments | 50/53 | €664,882 | €587,005 | -€77,877 | -11.7% |
| Cash at bank and in hand | 54/58 | €39,239 | €337,621 | +€298,382 | +760% |
| Deferred charges and accrued income | 490/1 | €2,459 | €1,368 | -€1,092 | -44.4% |
| Total equity and liabilities | 10/49 | €1,564,238 | €1,557,938 | -€6,300 | -0.4% |
| Equity | 10/15 | €1,543,682 | €1,376,530 | -€167,152 | -10.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,015,146 | €847,896 | -€167,250 | -16.5% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,646 | €53,646 | = | 0.0% |
| Distributable reserves | 133 | €921,500 | €754,250 | -€167,250 | -18.1% |
| Profit (loss) carried forward | 14 | €278,536 | €278,634 | +€98 | 0.0% |
| Amounts payable | 17/49 | €20,556 | €181,408 | +€160,852 | +783% |
| Amounts payable within one year | 42/48 | €20,556 | €181,408 | +€160,852 | +783% |
| Current portion of amounts payable after more than one year | 42 | €6,764 | - | -€6,764 | |
| Trade debts | 44 | €2,786 | €33,333 | +€30,546 | +1,096% |
| Suppliers | 440/4 | €2,786 | €33,333 | +€30,546 | +1,096% |
| Taxes, remuneration and social security | 45 | €7,260 | €15,544 | +€8,284 | +114% |
| Taxes | 450/3 | €7,260 | €15,544 | +€8,284 | +114% |
| Other amounts payable | 47/48 | €3,746 | €132,531 | +€128,786 | +3,438% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,368 | €45,724 | +€3,357 | +7.9% |
| Other operating charges | 640/8 | €6,365 | €5,738 | -€627 | -9.8% |
| Gross operating margin | 9900 | €5,783 | €48,698 | +€42,915 | +742% |
| Operating profit (loss) | 9901 | -€42,950 | -€2,764 | +€40,186 | +93.6% |
| Financial income | 75/76B | €67,809 | €45,788 | -€22,021 | -32.5% |
| Recurring financial income | 75 | €67,809 | €45,788 | -€22,021 | -32.5% |
| Financial charges | 65/66B | €178 | €166 | -€12 | -6.5% |
| Recurring financial charges | 65 | €178 | €166 | -€12 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €24,682 | €42,858 | +€18,176 | +73.6% |
| Income taxes | 67/77 | €8,852 | €15,010 | +€6,158 | +69.6% |
| Profit (loss) for the period | 9904 | €15,829 | €27,848 | +€12,019 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,829 | €27,848 | +€12,019 | +75.9% |
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 30 October 2026 via checked.be.