CARROTEC: 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
CARROTEC
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€734,852
2024 · €314,208+€420,644
Equity
€15.2m
2024 · €16.0m-€766,896
Cash
€167,627
2024 · €67,813+€99,814
Balance sheet total
€17.3m
2024 · €16.9m+€346,073
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€1.5m
up €1.5m (+6,704%), from €22,071 to €1.5m
- Reserves -€766,896
down €766,896 (-4.8%), from €15.9m to €15.2m
of which Distributable reserves: -€766,896
- Short-term financial debts -€200,000
down €200,000 (-100%), from €200,000 to €0
Income statement
- Financial charges -€1.0m
down €1.0m (-99.8%), from €1.0m to €1,575
of which Non-recurring financial charges: -€990,909
- Financial income -€590,497
down €590,497 (-60.8%), from €971,269 to €380,772
of which Non-recurring financial income: -€491,812
- Write-downs -€176,469
down €176,469 (-3,717%), from -€4,748 to -€181,217
- Gross operating margin -€91,444
down €91,444 (-15.9%), from €574,044 to €482,600
- Other operating charges +€53,667
up €53,667 (+145%), from €36,940 to €90,607
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
€314,208
Gross operating margin
-€91,444
Staff costs
-€8,029
Depreciation
-€22,534
Write-downs
+€176,469
Other operating charges
-€53,667
Financial income
-€590,497
Financial charges
+€1.0m
Taxes
-€11,171
Result 2025
€734,852
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
+€2.0m
Investment
-€155,657
Financing
-€1.7m
Cash 2024
€67,813
From operations (derived)
+€2.0m
Net result for the year
+€734,852
Depreciation
+€24,551
Stocks and contracts
-€88,003
Receivables within one year
-€27,108
Smaller working-capital items
+€3,308
Trade debts
-€151,067
Tax, wage and social debts
+€27,728
Other debts
+€1.5m
Investment (derived)
-€155,657
Investment in fixed assets (net)
-€155,657
Financing
-€1.7m
Current portion of long-term debt
-€46,719
Short-term financial debts
-€200,000
Contributions, distributions and other
-€1.5m
Cash 2025
€167,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,935,743 | €17,281,816 | +€346,073 | +2.0% |
| Fixed assets | 21/28 | €14,509,420 | €14,640,526 | +€131,106 | +0.9% |
| Tangible fixed assets | 22/27 | €24,222 | €153,578 | +€129,356 | +534% |
| Plant, machinery and equipment | 23 | €1,666 | €2,730 | +€1,063 | +63.8% |
| Furniture and vehicles | 24 | €0 | €125,243 | +€125,243 | |
| Other tangible fixed assets | 26 | €22,556 | €25,605 | +€3,049 | +13.5% |
| Financial fixed assets | 28 | €14,485,198 | €14,486,948 | +€1,750 | 0.0% |
| Current assets | 29/58 | €2,426,323 | €2,641,290 | +€214,967 | +8.9% |
| Stocks and contracts in progress | 3 | €889,671 | €977,674 | +€88,003 | +9.9% |
| Stocks | 30/36 | €889,671 | €977,674 | +€88,003 | +9.9% |
| Amounts receivable within one year | 40/41 | €1,468,417 | €1,495,525 | +€27,108 | +1.8% |
| Trade receivables | 40 | €1,339,857 | €1,137,185 | -€202,672 | -15.1% |
| Other amounts receivable | 41 | €128,560 | €358,341 | +€229,780 | +179% |
| Cash at bank and in hand | 54/58 | €67,813 | €167,627 | +€99,814 | +147% |
| Deferred charges and accrued income | 490/1 | €421 | €464 | +€42 | +10.1% |
| Total equity and liabilities | 10/49 | €16,935,743 | €17,281,816 | +€346,073 | +2.0% |
| Equity | 10/15 | €15,988,548 | €15,221,652 | -€766,896 | -4.8% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €15,919,948 | €15,153,052 | -€766,896 | -4.8% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €15,793,648 | €15,026,752 | -€766,896 | -4.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €947,195 | €2,060,165 | +€1.1m | +118% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €941,545 | €2,051,165 | +€1.1m | +118% |
| Current portion of amounts payable after more than one year | 42 | €46,719 | €0 | -€46,719 | -100% |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100% |
| Other loans | 439 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €659,766 | €508,699 | -€151,067 | -22.9% |
| Suppliers | 440/4 | €659,766 | €508,699 | -€151,067 | -22.9% |
| Taxes, remuneration and social security | 45 | €12,989 | €40,717 | +€27,728 | +213% |
| Taxes | 450/3 | €4,425 | €32,131 | +€27,706 | +626% |
| Remuneration and social security | 454/9 | €8,565 | €8,586 | +€22 | +0.3% |
| Other amounts payable | 47/48 | €22,071 | €1,501,749 | +€1.5m | +6,704% |
| Accrued charges and deferred income | 492/3 | €5,650 | €9,000 | +€3,350 | +59.3% |
| Remuneration, social security and pensions | 62 | €43,235 | €51,264 | +€8,029 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,017 | €24,551 | +€22,534 | +1,117% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,748 | -€181,217 | -€176,469 | -3,717% |
| Other operating charges | 640/8 | €36,940 | €90,607 | +€53,667 | +145% |
| Gross operating margin | 9900 | €574,044 | €482,600 | -€91,444 | -15.9% |
| Operating profit (loss) | 9901 | €496,600 | €497,395 | +€795 | +0.2% |
| Financial income | 75/76B | €971,269 | €380,772 | -€590,497 | -60.8% |
| Recurring financial income | 75 | €479,457 | €380,772 | -€98,685 | -20.6% |
| Non-recurring financial income | 76B | €491,812 | €0 | -€491,812 | -100% |
| Financial charges | 65/66B | €1,023,093 | €1,575 | -€1.0m | -99.8% |
| Recurring financial charges | 65 | €32,184 | €1,575 | -€30,608 | -95.1% |
| Non-recurring financial charges | 66B | €990,909 | €0 | -€990,909 | -100% |
| Profit (loss) for the period before taxes | 9903 | €444,776 | €876,592 | +€431,816 | +97.1% |
| Income taxes | 67/77 | €130,568 | €141,740 | +€11,171 | +8.6% |
| Profit (loss) for the period | 9904 | €314,208 | €734,852 | +€420,644 | +134% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €314,208 | €734,852 | +€420,644 | +134% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.