CARROUSEL: 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.
CARROUSEL
Largest movements
- Receivables within one year -€4,361
down €4,361 (-48.8%), from €8,941 to €4,580
of which Trade receivables: -€4,020
- Cash -€1,036
down €1,036 (-70.5%), from €1,470 to €434
mainly Net result for the year (-€47,975) and Trade debts (-€1,305)
- Deferred charges and accrued income -€147
down €147 (-41.1%), from €359 to €211
- Profit (loss) carried forward -€47,975
down €47,975 (-36.0%), from -€133,437 to -€181,412
- Other debts +€22,998
up €22,998 (+41.6%), from €55,341 to €78,339
- Tax, wage and social debts +€20,737
up €20,737 (+7850.0%), from €264 to €21,001
of which Remuneration and social security: +€15,975
- Trade debts -€1,305
down €1,305 (-42.8%), from €3,046 to €1,741
- Staff costs +€36,161
up €36,161 (+4000.8%), from €904 to €37,065
- Financial charges +€2,884
up €2,884 (+1648.6%), from €175 to €3,059
- Gross operating margin -€248
down €248 (-3.6%), from -€6,813 to -€7,061
- Financial income -€161
down €161 (-98.5%), from €163 to €2
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 | €11,674 | €6,129 | -€5,544 | -47.5% |
| Fixed assets | 21/28 | €905 | €905 | = | 0.0% |
| Financial fixed assets | 28 | €905 | €905 | = | 0.0% |
| Current assets | 29/58 | €10,769 | €5,225 | -€5,544 | -51.5% |
| Amounts receivable within one year | 40/41 | €8,941 | €4,580 | -€4,361 | -48.8% |
| Trade receivables | 40 | €8,490 | €4,470 | -€4,020 | -47.3% |
| Other amounts receivable | 41 | €451 | €110 | -€341 | -75.6% |
| Cash at bank and in hand | 54/58 | €1,470 | €434 | -€1,036 | -70.5% |
| Deferred charges and accrued income | 490/1 | €359 | €211 | -€147 | -41.1% |
| Total equity and liabilities | 10/49 | €11,674 | €6,129 | -€5,544 | -47.5% |
| Equity | 10/15 | -€46,977 | -€94,952 | -€47,975 | -102.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €24,460 | €24,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,260 | €18,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,437 | -€181,412 | -€47,975 | -36.0% |
| Amounts payable | 17/49 | €58,651 | €101,081 | +€42,431 | +72.3% |
| Amounts payable within one year | 42/48 | €58,651 | €101,081 | +€42,431 | +72.3% |
| Trade debts | 44 | €3,046 | €1,741 | -€1,305 | -42.8% |
| Suppliers | 440/4 | €3,046 | €1,741 | -€1,305 | -42.8% |
| Taxes, remuneration and social security | 45 | €264 | €21,001 | +€20,737 | +7850.0% |
| Taxes | 450/3 | €264 | €5,026 | +€4,762 | +1802.6% |
| Remuneration and social security | 454/9 | - | €15,975 | +€15,975 | |
| Other amounts payable | 47/48 | €55,341 | €78,339 | +€22,998 | +41.6% |
| Remuneration, social security and pensions | 62 | €904 | €37,065 | +€36,161 | +4000.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€6,813 | -€7,061 | -€248 | -3.6% |
| Operating profit (loss) | 9901 | -€8,222 | -€44,646 | -€36,424 | -443.0% |
| Financial income | 75/76B | €163 | €2 | -€161 | -98.5% |
| Recurring financial income | 75 | €163 | €2 | -€161 | -98.5% |
| Financial charges | 65/66B | €175 | €3,059 | +€2,884 | +1648.6% |
| Recurring financial charges | 65 | €175 | €3,059 | +€2,884 | +1648.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,234 | -€47,702 | -€39,469 | -479.3% |
| Income taxes | 67/77 | €264 | €273 | +€9 | +3.3% |
| Profit (loss) for the period | 9904 | -€8,498 | -€47,975 | -€39,477 | -464.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,498 | -€47,975 | -€39,477 | -464.5% |
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 29 September 2026 via checked.be.