CARRO F1: 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 F1
Largest movements
- Tangible fixed assets -€3,651
down €3,651 (-17.2%), from €21,182 to €17,531
of which Plant, machinery and equipment: -€5,386
- Receivables within one year -€2,572
down €2,572 (-16.6%), from €15,493 to €12,921
of which Trade receivables: -€2,897
- Trade debts -€14,044
down €14,044 (-78.7%), from €17,837 to €3,793
- Profit (loss) carried forward +€6,294
up €6,294 (+15.1%), from €41,656 to €47,950
- Short-term financial debts +€1,240
new in 2025: €1,240
- Tax, wage and social debts +€971
up €971 (+41.4%), from €2,344 to €3,315
of which Remuneration and social security: +€2,100
- Gross operating margin +€11,054
up €11,054 (+354%), from €3,127 to €14,181
- Taxes -€808
no longer reported in 2025 (was €808)
- Depreciation +€534
up €534 (+7.7%), from €6,903 to €7,437
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 | €73,206 | €67,668 | -€5,538 | -7.6% |
| Fixed assets | 21/28 | €21,258 | €17,607 | -€3,651 | -17.2% |
| Tangible fixed assets | 22/27 | €21,182 | €17,531 | -€3,651 | -17.2% |
| Plant, machinery and equipment | 23 | €16,212 | €10,826 | -€5,386 | -33.2% |
| Furniture and vehicles | 24 | €4,970 | €6,705 | +€1,735 | +34.9% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €51,948 | €50,061 | -€1,887 | -3.6% |
| Stocks and contracts in progress | 3 | €36,317 | €36,942 | +€625 | +1.7% |
| Stocks | 30/36 | €36,317 | €36,942 | +€625 | +1.7% |
| Amounts receivable within one year | 40/41 | €15,493 | €12,921 | -€2,572 | -16.6% |
| Trade receivables | 40 | €9,621 | €6,724 | -€2,897 | -30.1% |
| Other amounts receivable | 41 | €5,872 | €6,197 | +€325 | +5.5% |
| Cash at bank and in hand | 54/58 | €138 | €198 | +€60 | +43.5% |
| Total equity and liabilities | 10/49 | €73,206 | €67,668 | -€5,538 | -7.6% |
| Equity | 10/15 | €49,713 | €56,007 | +€6,294 | +12.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,656 | €47,950 | +€6,294 | +15.1% |
| Amounts payable | 17/49 | €23,493 | €11,661 | -€11,832 | -50.4% |
| Amounts payable within one year | 42/48 | €23,493 | €11,661 | -€11,832 | -50.4% |
| Financial debts | 43 | - | €1,240 | +€1,240 | |
| Credit institutions | 430/8 | - | €1,240 | +€1,240 | |
| Trade debts | 44 | €17,837 | €3,793 | -€14,044 | -78.7% |
| Suppliers | 440/4 | €17,837 | €3,793 | -€14,044 | -78.7% |
| Taxes, remuneration and social security | 45 | €2,344 | €3,315 | +€971 | +41.4% |
| Taxes | 450/3 | €1,644 | €515 | -€1,129 | -68.7% |
| Remuneration and social security | 454/9 | €700 | €2,800 | +€2,100 | +300% |
| Other amounts payable | 47/48 | €3,312 | €3,313 | +€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €119 | - | -€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,903 | €7,437 | +€534 | +7.7% |
| Other operating charges | 640/8 | €487 | €500 | +€13 | +2.7% |
| Gross operating margin | 9900 | €3,127 | €14,181 | +€11,054 | +354% |
| Operating profit (loss) | 9901 | -€4,382 | €6,244 | +€10,626 | |
| Financial income | 75/76B | €345 | €333 | -€12 | -3.5% |
| Recurring financial income | 75 | €345 | €333 | -€12 | -3.5% |
| Financial charges | 65/66B | €264 | €283 | +€19 | +7.2% |
| Recurring financial charges | 65 | €230 | €283 | +€53 | +23.0% |
| Non-recurring financial charges | 66B | €34 | - | -€34 | |
| Profit (loss) for the period before taxes | 9903 | -€4,301 | €6,294 | +€10,595 | |
| Income taxes | 67/77 | €808 | - | -€808 | |
| Profit (loss) for the period | 9904 | -€5,109 | €6,294 | +€11,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,109 | €6,294 | +€11,403 |
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 31 October 2026 via checked.be.