CARRO WAVRE: 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 WAVRE
Largest movements
- Financial fixed assets +€935,000
up €935,000 (+857,248%), from €109 to €935,109
- Cash +€675,049
up €675,049 (+169%), from €398,455 to €1.1m
mainly Debts after one year (+€1.1m) and Net result for the year (+€515,707)
- Receivables within one year +€443,380
up €443,380 (+109%), from €408,456 to €851,836
of which Trade receivables: +€424,489
- Tangible fixed assets -€200,224
down €200,224 (-14.7%), from €1.4m to €1.2m
of which Plant, machinery and equipment: -€136,042
- Debts after one year +€1.1m
up €1.1m (+182%), from €625,029 to €1.8m
- Profit (loss) carried forward +€515,707
up €515,707 (+62.7%), from €822,035 to €1.3m
- Tax, wage and social debts +€83,375
up €83,375 (+89.2%), from €93,464 to €176,839
of which Taxes: +€125,119
- Gross operating margin +€343,545
up €343,545 (+49.5%), from €693,912 to €1.0m
- Financial income +€151,824
up €151,824 (+1,279%), from €11,870 to €163,694
- Taxes +€110,044
up €110,044 (+141%), from €78,237 to €188,280
- Financial charges +€74,613
up €74,613 (+468%), from €15,956 to €90,569
- Write-downs +€60,567
new in 2025: €60,567
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 | €2,199,423 | €4,024,741 | +€1.8m | +83.0% |
| Fixed assets | 21/28 | €1,363,656 | €2,098,432 | +€734,776 | +53.9% |
| Tangible fixed assets | 22/27 | €1,363,547 | €1,163,323 | -€200,224 | -14.7% |
| Land and buildings | 22 | €1,227,505 | €1,163,323 | -€64,182 | -5.2% |
| Plant, machinery and equipment | 23 | €136,042 | - | -€136,042 | |
| Financial fixed assets | 28 | €109 | €935,109 | +€935,000 | +857,248% |
| Current assets | 29/58 | €835,767 | €1,926,308 | +€1.1m | +130% |
| Stocks and contracts in progress | 3 | €27,865 | - | -€27,865 | |
| Stocks | 30/36 | €27,865 | - | -€27,865 | |
| Amounts receivable within one year | 40/41 | €408,456 | €851,836 | +€443,380 | +109% |
| Trade receivables | 40 | €400,273 | €824,762 | +€424,489 | +106% |
| Other amounts receivable | 41 | €8,183 | €27,074 | +€18,891 | +231% |
| Cash at bank and in hand | 54/58 | €398,455 | €1,073,505 | +€675,049 | +169% |
| Deferred charges and accrued income | 490/1 | €990 | €967 | -€22 | -2.3% |
| Total equity and liabilities | 10/49 | €2,199,423 | €4,024,741 | +€1.8m | +83.0% |
| Equity | 10/15 | €1,113,080 | €1,619,776 | +€506,696 | +45.5% |
| Revaluation surpluses | 12 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €822,035 | €1,337,741 | +€515,707 | +62.7% |
| Investment grants | 15 | €66,045 | €57,034 | -€9,011 | -13.6% |
| Amounts payable | 17/49 | €1,086,343 | €2,404,965 | +€1.3m | +121% |
| Amounts payable after more than one year | 17 | €625,029 | €1,760,733 | +€1.1m | +182% |
| Financial debts | 170/4 | €625,029 | €1,760,733 | +€1.1m | +182% |
| Amounts payable within one year | 42/48 | €461,294 | €624,580 | +€163,286 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €119,970 | €160,067 | +€40,096 | +33.4% |
| Trade debts | 44 | €233,341 | €253,475 | +€20,134 | +8.6% |
| Suppliers | 440/4 | €233,341 | €253,475 | +€20,134 | +8.6% |
| Advances received on contracts in progress | 46 | €14,518 | €34,199 | +€19,681 | +136% |
| Taxes, remuneration and social security | 45 | €93,464 | €176,839 | +€83,375 | +89.2% |
| Taxes | 450/3 | €45,347 | €170,466 | +€125,119 | +276% |
| Remuneration and social security | 454/9 | €48,117 | €6,373 | -€41,744 | -86.8% |
| Accrued charges and deferred income | 492/3 | €20 | €19,651 | +€19,631 | +97,668% |
| Non-recurring operating income | 76A | - | €503,958 | +€503,958 | |
| Remuneration, social security and pensions | 62 | €286,486 | €264,031 | -€22,455 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,281 | €64,182 | -€26,099 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €60,567 | +€60,567 | |
| Other operating charges | 640/8 | €16,271 | €17,815 | +€1,543 | +9.5% |
| Gross operating margin | 9900 | €693,912 | €1,037,457 | +€343,545 | +49.5% |
| Operating profit (loss) | 9901 | €300,873 | €630,863 | +€329,989 | +110% |
| Financial income | 75/76B | €11,870 | €163,694 | +€151,824 | +1,279% |
| Recurring financial income | 75 | €11,870 | €163,694 | +€151,824 | +1,279% |
| Financial charges | 65/66B | €15,956 | €90,569 | +€74,613 | +468% |
| Recurring financial charges | 65 | €15,956 | €90,569 | +€74,613 | +468% |
| Profit (loss) for the period before taxes | 9903 | €296,787 | €703,987 | +€407,200 | +137% |
| Income taxes | 67/77 | €78,237 | €188,280 | +€110,044 | +141% |
| Profit (loss) for the period | 9904 | €218,551 | €515,707 | +€297,156 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €218,551 | €515,707 | +€297,156 | +136% |
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 21 October 2026 via checked.be.