CARROQUAD: 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.
What changed
CARROQUAD
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€727,199
2024 · €743,657-€16,458
Equity
€6.8m
2024 · €6.1m+€715,264
Cash
€127,316
2024 · €89,926+€37,389
Balance sheet total
€10.0m
2024 · €8.7m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+15.5%), from €7.9m to €9.1m
of which Land and buildings: +€1.5m
Equity and liabilities
- Other debts +€969,609
up €969,609 (+58.0%), from €1.7m to €2.6m
- Profit (loss) carried forward +€369,751
up €369,751 (+10.1%), from €3.7m to €4.0m
- Reserves +€357,448
up €357,448 (+23.6%), from €1.5m to €1.9m
of which Distributable reserves: +€231,550
- Current portion of long-term debt -€236,297
down €236,297 (-57.0%), from €414,386 to €178,089
- Debts after one year -€151,674
down €151,674 (-44.5%), from €340,589 to €188,915
of which Financial debts: -€178,089
Income statement
- Depreciation +€132,397
up €132,397 (+23.5%), from €563,491 to €695,888
- Gross operating margin +€83,172
up €83,172 (+4.4%), from €1.9m to €2.0m
- Financial charges -€28,341
down €28,341 (-27.4%), from €103,519 to €75,178
of which Financial charges: -€28,341
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.
Result 2024
€743,657
Gross operating margin
+€83,172
Staff costs
-€4,551
Depreciation
-€132,397
Other operating charges
+€2,918
Financial income
+€854
Financial charges
+€28,341
Taxes
+€5,206
Result 2025
€727,199
raises the resultlowers the result
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.
From operations
+€2.4m
Investment
-€1.9m
Financing
-€399,906
Cash 2024
€89,926
From operations (derived)
+€2.4m
Net result for the year
+€727,199
Depreciation
+€695,888
Receivables within one year
-€12,002
Smaller working-capital items
-€3,938
Trade debts
-€6,847
Tax, wage and social debts
+€12,350
Other debts
+€969,609
Accrued charges and deferred income
-€28,976
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
-€399,906
Debts after one year
-€151,674
Current portion of long-term debt
-€236,297
Contributions, distributions and other
-€11,935
Cash 2025
€127,316
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,690,444 | €9,963,666 | +€1.3m | +14.7% |
| Fixed assets | 21/28 | €8,245,803 | €9,465,903 | +€1.2m | +14.8% |
| Tangible fixed assets | 22/27 | €7,853,559 | €9,073,660 | +€1.2m | +15.5% |
| Land and buildings | 22 | €7,585,347 | €9,041,633 | +€1.5m | +19.2% |
| Plant, machinery and equipment | 23 | - | €10,254 | +€10,254 | |
| Furniture and vehicles | 24 | €26,293 | €21,773 | -€4,520 | -17.2% |
| Other tangible fixed assets | 26 | €241,919 | €0 | -€241,919 | -100% |
| Financial fixed assets | 28 | €392,244 | €392,244 | = | 0.0% |
| Current assets | 29/58 | €444,641 | €497,762 | +€53,122 | +11.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €354,714 | €366,716 | +€12,002 | +3.4% |
| Trade receivables | 40 | €152,396 | €149,323 | -€3,073 | -2.0% |
| Other amounts receivable | 41 | €202,319 | €217,393 | +€15,075 | +7.5% |
| Cash at bank and in hand | 54/58 | €89,926 | €127,316 | +€37,389 | +41.6% |
| Deferred charges and accrued income | 490/1 | €0 | €3,731 | +€3,731 | |
| Total equity and liabilities | 10/49 | €8,690,444 | €9,963,666 | +€1.3m | +14.7% |
| Equity | 10/15 | €6,052,335 | €6,767,599 | +€715,264 | +11.8% |
| Contributions | 10/11 | €781,200 | €781,200 | = | 0.0% |
| Capital | 10 | €781,200 | €781,200 | = | 0.0% |
| Issued capital | 100 | €781,200 | €781,200 | = | 0.0% |
| Reserves | 13 | €1,514,427 | €1,871,874 | +€357,448 | +23.6% |
| Non-distributable reserves | 130/1 | €131,220 | €131,220 | = | 0.0% |
| Legal reserve | 130 | €131,220 | €131,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €967,157 | €1,093,055 | +€125,898 | +13.0% |
| Distributable reserves | 133 | €416,050 | €647,600 | +€231,550 | +55.7% |
| Profit (loss) carried forward | 14 | €3,674,080 | €4,043,831 | +€369,751 | +10.1% |
| Investment grants | 15 | €82,628 | €70,693 | -€11,935 | -14.4% |
| Provisions and deferred taxes | 16 | €622 | €415 | -€207 | -33.3% |
| Deferred taxes | 168 | €622 | €415 | -€207 | -33.3% |
| Amounts payable | 17/49 | €2,637,487 | €3,195,652 | +€558,165 | +21.2% |
| Amounts payable after more than one year | 17 | €340,589 | €188,915 | -€151,674 | -44.5% |
| Financial debts | 170/4 | €340,589 | €162,500 | -€178,089 | -52.3% |
| Other amounts payable | 178/9 | - | €26,415 | +€26,415 | |
| Amounts payable within one year | 42/48 | €2,216,848 | €2,955,662 | +€738,814 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €414,386 | €178,089 | -€236,297 | -57.0% |
| Trade debts | 44 | €84,441 | €77,594 | -€6,847 | -8.1% |
| Suppliers | 440/4 | €84,441 | €77,594 | -€6,847 | -8.1% |
| Taxes, remuneration and social security | 45 | €45,427 | €57,777 | +€12,350 | +27.2% |
| Taxes | 450/3 | €36,991 | €49,609 | +€12,618 | +34.1% |
| Remuneration and social security | 454/9 | €8,436 | €8,168 | -€268 | -3.2% |
| Other amounts payable | 47/48 | €1,672,594 | €2,642,203 | +€969,609 | +58.0% |
| Accrued charges and deferred income | 492/3 | €80,050 | €51,074 | -€28,976 | -36.2% |
| Non-recurring operating income | 76A | €2,577 | €0 | -€2,577 | -100% |
| Remuneration, social security and pensions | 62 | €74,798 | €79,349 | +€4,551 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563,491 | €695,888 | +€132,397 | +23.5% |
| Other operating charges | 640/8 | €183,176 | €180,259 | -€2,918 | -1.6% |
| Gross operating margin | 9900 | €1,885,711 | €1,968,883 | +€83,172 | +4.4% |
| Operating profit (loss) | 9901 | €1,064,246 | €1,013,387 | -€50,859 | -4.8% |
| Financial income | 75/76B | €21,460 | €22,314 | +€854 | +4.0% |
| Recurring financial income | 75 | €21,460 | €22,314 | +€854 | +4.0% |
| Financial charges | 65/66B | €103,519 | €75,178 | -€28,341 | -27.4% |
| Recurring financial charges | 65 | €103,519 | €75,178 | -€28,341 | -27.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €982,187 | €960,523 | -€21,664 | -2.2% |
| Transfer from deferred taxes | 780 | €207 | €207 | = | 0.0% |
| Income taxes | 67/77 | €238,738 | €233,532 | -€5,206 | -2.2% |
| Profit (loss) for the period | 9904 | €743,657 | €727,199 | -€16,458 | -2.2% |
| Transfer from tax-exempt reserves | 789 | €274,052 | €231,952 | -€42,100 | -15.4% |
| Transfer to tax-exempt reserves | 689 | €294,700 | €357,850 | +€63,150 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €723,010 | €601,301 | -€121,708 | -16.8% |
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 13 October 2026 via checked.be.