CARROO: what changed
Two fiscal 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.
CARROO
Largest movements
- Tangible fixed assets +€438,518
up €438,518 (+89.3%), from €491,221 to €929,739
- Intangible fixed assets +€242,753
new in 2025: €242,753
- Receivables within one year +€201,834
up €201,834 (+85.5%), from €236,156 to €437,990
of which Trade receivables: +€204,743
- Stocks and contracts +€101,753
up €101,753 (+72.9%), from €139,559 to €241,312
- Cash +€87,631
up €87,631 (+233.5%), from €37,522 to €125,153
mainly Trade debts (+€523,694) and Debts after one year (+€236,109)
- Trade debts +€523,694
up €523,694 (+334.2%), from €156,684 to €680,378
- Debts after one year +€236,109
up €236,109 (+127.1%), from €185,724 to €421,833
- Profit (loss) carried forward +€112,273
up €112,273 (+116.8%), from €96,090 to €208,363
- Reserves +€96,090
up €96,090 (+62.6%), from €153,543 to €249,633
- Current portion of long-term debt +€75,706
up €75,706 (+89.4%), from €84,649 to €160,355
- Gross operating margin +€444,844
up €444,844 (+68.5%), from €649,552 to €1.1m
- Staff costs +€196,470
up €196,470 (+47.4%), from €414,169 to €610,639
- Depreciation +€90,353
up €90,353 (+94.5%), from €95,582 to €185,935
- Taxes +€39,100
up €39,100 (+126.5%), from €30,912 to €70,012
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.
Cash bridge derived
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 | €904,458 | €1,976,947 | +€1.1m | +118.6% |
| Fixed assets | 21/28 | €491,221 | €1,172,492 | +€681,271 | +138.7% |
| Intangible fixed assets | 21 | - | €242,753 | +€242,753 | |
| Tangible fixed assets | 22/27 | €491,221 | €929,739 | +€438,518 | +89.3% |
| Plant, machinery and equipment | 23 | €206,685 | €367,965 | +€161,280 | +78.0% |
| Leasing and similar rights | 25 | €115,520 | €276,814 | +€161,294 | +139.6% |
| Other tangible fixed assets | 26 | €169,016 | €284,960 | +€115,944 | +68.6% |
| Current assets | 29/58 | €413,237 | €804,455 | +€391,218 | +94.7% |
| Stocks and contracts in progress | 3 | €139,559 | €241,312 | +€101,753 | +72.9% |
| Stocks | 30/36 | €139,559 | €241,312 | +€101,753 | +72.9% |
| Amounts receivable within one year | 40/41 | €236,156 | €437,990 | +€201,834 | +85.5% |
| Trade receivables | 40 | €210,737 | €415,480 | +€204,743 | +97.2% |
| Other amounts receivable | 41 | €25,419 | €22,509 | -€2,910 | -11.4% |
| Cash at bank and in hand | 54/58 | €37,522 | €125,153 | +€87,631 | +233.5% |
| Total equity and liabilities | 10/49 | €904,458 | €1,976,947 | +€1.1m | +118.6% |
| Equity | 10/15 | €269,633 | €477,996 | +€208,363 | +77.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €153,543 | €249,633 | +€96,090 | +62.6% |
| Distributable reserves | 133 | €153,543 | €249,633 | +€96,090 | +62.6% |
| Profit (loss) carried forward | 14 | €96,090 | €208,363 | +€112,273 | +116.8% |
| Amounts payable | 17/49 | €634,825 | €1,498,952 | +€864,127 | +136.1% |
| Amounts payable after more than one year | 17 | €185,724 | €421,833 | +€236,109 | +127.1% |
| Financial debts | 170/4 | €185,724 | €421,833 | +€236,109 | +127.1% |
| Amounts payable within one year | 42/48 | €449,101 | €1,077,119 | +€628,018 | +139.8% |
| Current portion of amounts payable after more than one year | 42 | €84,649 | €160,355 | +€75,706 | +89.4% |
| Trade debts | 44 | €156,684 | €680,378 | +€523,694 | +334.2% |
| Suppliers | 440/4 | €156,684 | €680,378 | +€523,694 | +334.2% |
| Taxes, remuneration and social security | 45 | €52,072 | €80,691 | +€28,619 | +55.0% |
| Taxes | 450/3 | - | €12 | +€12 | |
| Remuneration and social security | 454/9 | €52,072 | €80,679 | +€28,607 | +54.9% |
| Other amounts payable | 47/48 | €155,696 | €155,696 | -€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €414,169 | €610,639 | +€196,470 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,582 | €185,935 | +€90,353 | +94.5% |
| Other operating charges | 640/8 | €706 | €1,273 | +€567 | +80.2% |
| Gross operating margin | 9900 | €649,552 | €1,094,396 | +€444,844 | +68.5% |
| Operating profit (loss) | 9901 | €139,095 | €296,551 | +€157,456 | +113.2% |
| Financial income | 75/76B | €2,380 | €0 | -€2,380 | -100.0% |
| Recurring financial income | 75 | €2,380 | €0 | -€2,380 | -100.0% |
| Financial charges | 65/66B | €14,473 | €18,176 | +€3,703 | +25.6% |
| Recurring financial charges | 65 | €14,473 | €18,176 | +€3,703 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €127,002 | €278,375 | +€151,373 | +119.2% |
| Income taxes | 67/77 | €30,912 | €70,012 | +€39,100 | +126.5% |
| Profit (loss) for the period | 9904 | €96,090 | €208,363 | +€112,273 | +116.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,090 | €208,363 | +€112,273 | +116.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.