CARRON PHILIP: 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.
CARRON PHILIP
Largest movements
- Cash -€56,333
down €56,333 (-82.7%), from €68,081 to €11,748
mainly Debts after one year (-€173,811) and Trade debts (-€7,895)
- Stocks and contracts -€37,406
down €37,406 (-9.5%), from €392,247 to €354,841
of which Stocks: -€32,406
- Receivables within one year -€9,482
down €9,482 (-2.7%), from €357,724 to €348,242
of which Other amounts receivable: -€23,832
- Debts after one year -€173,811
down €173,811 (-26.1%), from €664,694 to €490,884
- Other debts +€60,792
up €60,792 (+2,763%), from €2,200 to €62,992
- Reserves +€18,581
up €18,581 (+13.9%), from €133,490 to €152,070
- Staff costs +€6,011
up €6,011 (+9.8%), from €61,416 to €67,427
- Taxes -€1,110
down €1,110 (-13.3%), from €8,371 to €7,261
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 | €855,989 | €748,847 | -€107,142 | -12.5% |
| Fixed assets | 21/28 | €37,364 | €30,559 | -€6,805 | -18.2% |
| Tangible fixed assets | 22/27 | €37,229 | €30,424 | -€6,805 | -18.3% |
| Land and buildings | 22 | €35,074 | €29,229 | -€5,846 | -16.7% |
| Plant, machinery and equipment | 23 | €1,171 | €569 | -€602 | -51.4% |
| Furniture and vehicles | 24 | €984 | €627 | -€356 | -36.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €818,625 | €718,288 | -€100,337 | -12.3% |
| Stocks and contracts in progress | 3 | €392,247 | €354,841 | -€37,406 | -9.5% |
| Stocks | 30/36 | €387,247 | €354,841 | -€32,406 | -8.4% |
| Contracts in progress | 37 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €357,724 | €348,242 | -€9,482 | -2.7% |
| Trade receivables | 40 | €304 | €14,655 | +€14,350 | +4,714% |
| Other amounts receivable | 41 | €357,420 | €333,588 | -€23,832 | -6.7% |
| Cash at bank and in hand | 54/58 | €68,081 | €11,748 | -€56,333 | -82.7% |
| Deferred charges and accrued income | 490/1 | €573 | €3,457 | +€2,884 | +504% |
| Total equity and liabilities | 10/49 | €855,989 | €748,847 | -€107,142 | -12.5% |
| Equity | 10/15 | €158,490 | €177,070 | +€18,581 | +11.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €133,490 | €152,070 | +€18,581 | +13.9% |
| Distributable reserves | 133 | €133,490 | €152,070 | +€18,581 | +13.9% |
| Amounts payable | 17/49 | €697,499 | €571,777 | -€125,722 | -18.0% |
| Amounts payable after more than one year | 17 | €664,694 | €490,884 | -€173,811 | -26.1% |
| Financial debts | 170/4 | €664,694 | €490,884 | -€173,811 | -26.1% |
| Amounts payable within one year | 42/48 | €32,805 | €80,893 | +€48,088 | +147% |
| Current portion of amounts payable after more than one year | 42 | €9,323 | €6,300 | -€3,023 | -32.4% |
| Trade debts | 44 | €17,042 | €9,146 | -€7,895 | -46.3% |
| Suppliers | 440/4 | €17,042 | €9,146 | -€7,895 | -46.3% |
| Taxes, remuneration and social security | 45 | €4,241 | €2,455 | -€1,786 | -42.1% |
| Taxes | 450/3 | €431 | €1,071 | +€640 | +149% |
| Remuneration and social security | 454/9 | €3,810 | €1,384 | -€2,426 | -63.7% |
| Other amounts payable | 47/48 | €2,200 | €62,992 | +€60,792 | +2,763% |
| Remuneration, social security and pensions | 62 | €61,416 | €67,427 | +€6,011 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,523 | €6,805 | +€281 | +4.3% |
| Other operating charges | 640/8 | €1,347 | €1,530 | +€183 | +13.6% |
| Non-recurring operating charges | 66A | €470 | - | -€470 | |
| Gross operating margin | 9900 | €104,666 | €104,821 | +€155 | +0.1% |
| Operating profit (loss) | 9901 | €34,910 | €29,060 | -€5,850 | -16.8% |
| Financial income | 75/76B | €19 | €3 | -€16 | -82.6% |
| Recurring financial income | 75 | €19 | €3 | -€16 | -82.6% |
| Financial charges | 65/66B | €2,596 | €2,388 | -€208 | -8.0% |
| Recurring financial charges | 65 | €2,596 | €2,388 | -€208 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €32,333 | €26,675 | -€5,658 | -17.5% |
| Income taxes | 67/77 | €8,371 | €7,261 | -€1,110 | -13.3% |
| Profit (loss) for the period | 9904 | €23,962 | €19,414 | -€4,548 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,962 | €19,414 | -€4,548 | -19.0% |
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 26 October 2026 via checked.be.