CARRO: 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.
CARRO
Largest movements
- Receivables within one year -€38,608
down €38,608 (-43.4%), from €89,051 to €50,443
of which Trade receivables: -€22,226
- Tangible fixed assets +€30,264
up €30,264 (+202%), from €15,004 to €45,268
of which Furniture and vehicles: +€33,198
- Trade debts -€23,112
down €23,112 (-45.0%), from €51,386 to €28,274
- Profit (loss) carried forward +€14,678
up €14,678, from -€11,416 to €3,262
- Tax, wage and social debts +€9,803
up €9,803 (+27.8%), from €35,285 to €45,088
of which Remuneration and social security: +€8,750
- Current portion of long-term debt -€5,960
down €5,960 (-81.6%), from €7,304 to €1,344
- Short-term financial debts -€1,455
down €1,455 (-31.2%), from €4,665 to €3,210
- Gross operating margin +€28,143
up €28,143, from -€5,919 to €22,224
- Depreciation +€1,344
up €1,344 (+29.8%), from €4,515 to €5,859
- Other operating charges +€954
up €954 (+77.7%), from €1,228 to €2,182
- Financial income -€910
down €910 (-35.5%), from €2,562 to €1,652
- Financial charges -€509
down €509 (-44.6%), from €1,142 to €633
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 | €123,507 | €116,117 | -€7,390 | -6.0% |
| Fixed assets | 21/28 | €15,442 | €45,706 | +€30,264 | +196% |
| Tangible fixed assets | 22/27 | €15,004 | €45,268 | +€30,264 | +202% |
| Land and buildings | 22 | €10,330 | €9,045 | -€1,285 | -12.4% |
| Plant, machinery and equipment | 23 | €4,022 | €2,373 | -€1,649 | -41.0% |
| Furniture and vehicles | 24 | €652 | €33,850 | +€33,198 | +5,092% |
| Financial fixed assets | 28 | €438 | €438 | = | 0.0% |
| Current assets | 29/58 | €108,065 | €70,411 | -€37,654 | -34.8% |
| Stocks and contracts in progress | 3 | €10,874 | €11,597 | +€723 | +6.6% |
| Stocks | 30/36 | €10,874 | €11,597 | +€723 | +6.6% |
| Amounts receivable within one year | 40/41 | €89,051 | €50,443 | -€38,608 | -43.4% |
| Trade receivables | 40 | €44,290 | €22,064 | -€22,226 | -50.2% |
| Other amounts receivable | 41 | €44,761 | €28,379 | -€16,382 | -36.6% |
| Cash at bank and in hand | 54/58 | €3,239 | €3,202 | -€37 | -1.1% |
| Deferred charges and accrued income | 490/1 | €4,901 | €5,169 | +€268 | +5.5% |
| Total equity and liabilities | 10/49 | €123,507 | €116,117 | -€7,390 | -6.0% |
| Equity | 10/15 | €13,027 | €27,705 | +€14,678 | +113% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,851 | €5,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €3,992 | €3,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,416 | €3,262 | +€14,678 | |
| Amounts payable | 17/49 | €110,480 | €88,412 | -€22,068 | -20.0% |
| Amounts payable after more than one year | 17 | €1,344 | - | -€1,344 | |
| Financial debts | 170/4 | €1,344 | - | -€1,344 | |
| Amounts payable within one year | 42/48 | €109,136 | €88,412 | -€20,724 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €7,304 | €1,344 | -€5,960 | -81.6% |
| Financial debts | 43 | €4,665 | €3,210 | -€1,455 | -31.2% |
| Credit institutions | 430/8 | €4,665 | €3,210 | -€1,455 | -31.2% |
| Trade debts | 44 | €51,386 | €28,274 | -€23,112 | -45.0% |
| Suppliers | 440/4 | €51,386 | €28,274 | -€23,112 | -45.0% |
| Advances received on contracts in progress | 46 | €7,000 | €7,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €35,285 | €45,088 | +€9,803 | +27.8% |
| Taxes | 450/3 | €5,285 | €6,338 | +€1,053 | +19.9% |
| Remuneration and social security | 454/9 | €30,000 | €38,750 | +€8,750 | +29.2% |
| Other amounts payable | 47/48 | €3,496 | €3,496 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €132 | €384 | +€252 | +191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,515 | €5,859 | +€1,344 | +29.8% |
| Other operating charges | 640/8 | €1,228 | €2,182 | +€954 | +77.7% |
| Gross operating margin | 9900 | -€5,919 | €22,224 | +€28,143 | |
| Operating profit (loss) | 9901 | -€11,794 | €13,799 | +€25,593 | |
| Financial income | 75/76B | €2,562 | €1,652 | -€910 | -35.5% |
| Recurring financial income | 75 | €2,562 | €1,652 | -€910 | -35.5% |
| Financial charges | 65/66B | €1,142 | €633 | -€509 | -44.6% |
| Recurring financial charges | 65 | €1,142 | €633 | -€509 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,374 | €14,818 | +€25,192 | |
| Income taxes | 67/77 | €131 | €140 | +€9 | +6.9% |
| Profit (loss) for the period | 9904 | -€10,505 | €14,678 | +€25,183 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,505 | €14,678 | +€25,183 |
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 15 October 2026 via checked.be.