CARRY I: 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.
CARRY I
Largest movements
- Receivables within one year +€416,805
up €416,805 (+33.5%), from €1.2m to €1.7m
of which Other amounts receivable: +€389,086
- Tangible fixed assets -€30,646
down €30,646 (-2.8%), from €1.1m to €1.1m
- Short-term financial debts +€500,000
up €500,000 (+50.0%), from €1.0m to €1.5m
- Trade debts -€162,396
no longer reported in 2025 (was €162,396)
- Financial income -€19,238
down €19,238 (-31.7%), from €60,634 to €41,396
- Financial charges +€10,645
up €10,645 (+21.3%), from €49,977 to €60,622
- Gross operating margin +€4,966
up €4,966 (+6.7%), from €74,502 to €79,468
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,685,390 | €3,051,899 | +€366,510 | +13.6% |
| Fixed assets | 21/28 | €1,439,247 | €1,386,540 | -€52,707 | -3.7% |
| Intangible fixed assets | 21 | €353,378 | €331,316 | -€22,061 | -6.2% |
| Tangible fixed assets | 22/27 | €1,085,870 | €1,055,223 | -€30,646 | -2.8% |
| Land and buildings | 22 | €1,085,870 | €1,055,223 | -€30,646 | -2.8% |
| Current assets | 29/58 | €1,246,142 | €1,665,360 | +€419,217 | +33.6% |
| Amounts receivable within one year | 40/41 | €1,242,958 | €1,659,763 | +€416,805 | +33.5% |
| Trade receivables | 40 | - | €27,720 | +€27,720 | |
| Other amounts receivable | 41 | €1,242,958 | €1,632,043 | +€389,086 | +31.3% |
| Cash at bank and in hand | 54/58 | €676 | €2,173 | +€1,497 | +221% |
| Deferred charges and accrued income | 490/1 | €2,509 | €3,424 | +€915 | +36.5% |
| Total equity and liabilities | 10/49 | €2,685,390 | €3,051,899 | +€366,510 | +13.6% |
| Equity | 10/15 | €1,495,950 | €1,502,485 | +€6,536 | +0.4% |
| Contributions | 10/11 | €1,591,500 | €1,591,500 | = | 0.0% |
| Capital | 10 | €1,591,500 | €1,591,500 | = | 0.0% |
| Issued capital | 100 | €1,591,500 | €1,591,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,550 | -€89,015 | +€6,536 | +6.8% |
| Amounts payable | 17/49 | €1,189,440 | €1,549,414 | +€359,974 | +30.3% |
| Amounts payable within one year | 42/48 | €1,162,396 | €1,503,139 | +€340,743 | +29.3% |
| Financial debts | 43 | €1,000,000 | €1,500,000 | +€500,000 | +50.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,500,000 | +€500,000 | +50.0% |
| Trade debts | 44 | €162,396 | - | -€162,396 | |
| Suppliers | 440/4 | €162,396 | - | -€162,396 | |
| Taxes, remuneration and social security | 45 | - | €3,139 | +€3,139 | |
| Taxes | 450/3 | - | €3,139 | +€3,139 | |
| Accrued charges and deferred income | 492/3 | €27,044 | €46,275 | +€19,232 | +71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,392 | €52,707 | +€316 | +0.6% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €74,502 | €79,468 | +€4,966 | +6.7% |
| Operating profit (loss) | 9901 | €21,722 | €25,762 | +€4,039 | +18.6% |
| Financial income | 75/76B | €60,634 | €41,396 | -€19,238 | -31.7% |
| Recurring financial income | 75 | €60,634 | €41,396 | -€19,238 | -31.7% |
| Financial charges | 65/66B | €49,977 | €60,622 | +€10,645 | +21.3% |
| Recurring financial charges | 65 | €49,977 | €60,622 | +€10,645 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €32,380 | €6,536 | -€25,844 | -79.8% |
| Profit (loss) for the period | 9904 | €32,380 | €6,536 | -€25,844 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,380 | €6,536 | -€25,844 | -79.8% |
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 22 October 2026 via checked.be.