CARROTECH: 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.
CARROTECH
Largest movements
- Stocks and contracts -€31,590
down €31,590 (-26.6%), from €118,843 to €87,253
- Receivables within one year +€16,530
up €16,530 (+48.8%), from €33,857 to €50,387
of which Trade receivables: +€20,302
- Tangible fixed assets +€14,983
up €14,983 (+95.8%), from €15,635 to €30,618
of which Furniture and vehicles: +€13,931
- Cash +€8,479
up €8,479 (+5.6%), from €150,221 to €158,700
mainly Stocks and contracts (+€31,590) and Net result for the year (+€30,658)
- Accrued charges and deferred income -€16,825
down €16,825 (-91.2%), from €18,445 to €1,620
- Reserves +€16,429
up €16,429 (+22.4%), from €73,350 to €89,780
- Trade debts -€14,310
down €14,310 (-31.4%), from €45,583 to €31,274
- Other debts +€14,229
up €14,229 (+29.2%), from €48,800 to €63,029
- Tax, wage and social debts +€9,680
up €9,680 (+189.7%), from €5,104 to €14,783
- Gross operating margin +€14,377
up €14,377 (+26.5%), from €54,160 to €68,537
- Taxes +€6,542
up €6,542 (+66.9%), from €9,779 to €16,321
- Write-downs +€4,000
new in 2025: €4,000
- Financial income -€1,752
down €1,752 (-71.1%), from €2,465 to €713
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 | €322,482 | €331,685 | +€9,203 | +2.9% |
| Fixed assets | 21/28 | €15,635 | €30,618 | +€14,983 | +95.8% |
| Tangible fixed assets | 22/27 | €15,635 | €30,618 | +€14,983 | +95.8% |
| Plant, machinery and equipment | 23 | €11,694 | €12,745 | +€1,051 | +9.0% |
| Furniture and vehicles | 24 | €3,941 | €17,872 | +€13,931 | +353.5% |
| Current assets | 29/58 | €306,847 | €301,068 | -€5,780 | -1.9% |
| Stocks and contracts in progress | 3 | €118,843 | €87,253 | -€31,590 | -26.6% |
| Stocks | 30/36 | €118,843 | €87,253 | -€31,590 | -26.6% |
| Amounts receivable within one year | 40/41 | €33,857 | €50,387 | +€16,530 | +48.8% |
| Trade receivables | 40 | €30,085 | €50,387 | +€20,302 | +67.5% |
| Other amounts receivable | 41 | €3,772 | - | -€3,772 | |
| Cash at bank and in hand | 54/58 | €150,221 | €158,700 | +€8,479 | +5.6% |
| Deferred charges and accrued income | 490/1 | €3,925 | €4,727 | +€802 | +20.4% |
| Total equity and liabilities | 10/49 | €322,482 | €331,685 | +€9,203 | +2.9% |
| Equity | 10/15 | €79,550 | €95,980 | +€16,429 | +20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,350 | €89,780 | +€16,429 | +22.4% |
| Distributable reserves | 133 | €73,350 | €89,780 | +€16,429 | +22.4% |
| Amounts payable | 17/49 | €242,932 | €235,705 | -€7,226 | -3.0% |
| Amounts payable within one year | 42/48 | €224,487 | €234,085 | +€9,599 | +4.3% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €45,583 | €31,274 | -€14,310 | -31.4% |
| Suppliers | 440/4 | €45,583 | €31,274 | -€14,310 | -31.4% |
| Taxes, remuneration and social security | 45 | €5,104 | €14,783 | +€9,680 | +189.7% |
| Taxes | 450/3 | €5,104 | €14,783 | +€9,680 | +189.7% |
| Other amounts payable | 47/48 | €48,800 | €63,029 | +€14,229 | +29.2% |
| Accrued charges and deferred income | 492/3 | €18,445 | €1,620 | -€16,825 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,476 | €7,995 | -€481 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €1,630 | €1,440 | -€190 | -11.7% |
| Gross operating margin | 9900 | €54,160 | €68,537 | +€14,377 | +26.5% |
| Operating profit (loss) | 9901 | €44,054 | €55,102 | +€11,048 | +25.1% |
| Financial income | 75/76B | €2,465 | €713 | -€1,752 | -71.1% |
| Recurring financial income | 75 | €2,465 | €713 | -€1,752 | -71.1% |
| Financial charges | 65/66B | €9,313 | €8,836 | -€477 | -5.1% |
| Recurring financial charges | 65 | €9,313 | €8,836 | -€477 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €37,206 | €46,979 | +€9,773 | +26.3% |
| Income taxes | 67/77 | €9,779 | €16,321 | +€6,542 | +66.9% |
| Profit (loss) for the period | 9904 | €27,427 | €30,658 | +€3,231 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,427 | €30,658 | +€3,231 | +11.8% |
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 8 October 2026 via checked.be.