CarryOn: 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.
CarryOn
Largest movements
- Cash +€124,014
up €124,014 (+109.0%), from €113,763 to €237,777
mainly Net result for the year (+€130,619) and Trade debts (+€60,337)
- Receivables within one year +€59,882
up €59,882 (+22.1%), from €270,833 to €330,715
of which Trade receivables: +€55,250
- Tangible fixed assets -€15,549
down €15,549 (-40.8%), from €38,099 to €22,549
of which Furniture and vehicles: -€12,796
- Deferred charges and accrued income -€10,515
no longer reported in 2025 (was €10,515)
- Reserves +€130,619
up €130,619 (+98.1%), from €133,211 to €263,830
- Trade debts +€60,337
up €60,337 (+36.6%), from €164,702 to €225,039
- Tax, wage and social debts -€19,420
down €19,420 (-21.5%), from €90,439 to €71,019
of which Remuneration and social security: -€10,688
- Accrued charges and deferred income -€9,776
no longer reported in 2025 (was €9,776)
- Debts after one year -€8,365
down €8,365 (-41.8%), from €19,999 to €11,635
- Gross operating margin +€207,718
up €207,718 (+398.9%), from €52,068 to €259,787
- Staff costs -€73,897
down €73,897 (-46.4%), from €159,227 to €85,330
- Write-downs +€11,778
new in 2025: €11,778
- Taxes +€8,104
up €8,104 (+2251.2%), from €360 to €8,464
- Financial income -€5,380
down €5,380 (-52.4%), from €10,272 to €4,892
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 | €444,220 | €598,479 | +€154,260 | +34.7% |
| Fixed assets | 21/28 | €46,829 | €28,849 | -€17,979 | -38.4% |
| Tangible fixed assets | 22/27 | €38,099 | €22,549 | -€15,549 | -40.8% |
| Plant, machinery and equipment | 23 | €6,900 | €4,147 | -€2,753 | -39.9% |
| Furniture and vehicles | 24 | €31,199 | €18,402 | -€12,796 | -41.0% |
| Financial fixed assets | 28 | €8,730 | €6,300 | -€2,430 | -27.8% |
| Current assets | 29/58 | €397,391 | €569,630 | +€172,239 | +43.3% |
| Stocks and contracts in progress | 3 | €2,280 | €1,138 | -€1,142 | -50.1% |
| Stocks | 30/36 | €2,280 | €1,138 | -€1,142 | -50.1% |
| Amounts receivable within one year | 40/41 | €270,833 | €330,715 | +€59,882 | +22.1% |
| Trade receivables | 40 | €269,363 | €324,613 | +€55,250 | +20.5% |
| Other amounts receivable | 41 | €1,470 | €6,102 | +€4,632 | +315.0% |
| Cash at bank and in hand | 54/58 | €113,763 | €237,777 | +€124,014 | +109.0% |
| Deferred charges and accrued income | 490/1 | €10,515 | - | -€10,515 | |
| Total equity and liabilities | 10/49 | €444,220 | €598,479 | +€154,260 | +34.7% |
| Equity | 10/15 | €151,803 | €282,422 | +€130,619 | +86.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €133,211 | €263,830 | +€130,619 | +98.1% |
| Distributable reserves | 133 | €133,211 | €263,830 | +€130,619 | +98.1% |
| Amounts payable | 17/49 | €292,417 | €316,058 | +€23,641 | +8.1% |
| Amounts payable after more than one year | 17 | €19,999 | €11,635 | -€8,365 | -41.8% |
| Financial debts | 170/4 | €19,999 | €11,635 | -€8,365 | -41.8% |
| Amounts payable within one year | 42/48 | €262,642 | €304,423 | +€41,781 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €8,365 | +€865 | +11.5% |
| Trade debts | 44 | €164,702 | €225,039 | +€60,337 | +36.6% |
| Suppliers | 440/4 | €164,702 | €225,039 | +€60,337 | +36.6% |
| Taxes, remuneration and social security | 45 | €90,439 | €71,019 | -€19,420 | -21.5% |
| Taxes | 450/3 | €70,739 | €62,007 | -€8,732 | -12.3% |
| Remuneration and social security | 454/9 | €19,700 | €9,012 | -€10,688 | -54.3% |
| Accrued charges and deferred income | 492/3 | €9,776 | - | -€9,776 | |
| Remuneration, social security and pensions | 62 | €159,227 | €85,330 | -€73,897 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,046 | €6,627 | -€4,419 | -40.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,778 | +€11,778 | |
| Other operating charges | 640/8 | €564 | €419 | -€145 | -25.7% |
| Non-recurring operating charges | 66A | - | €14,670 | +€14,670 | |
| Gross operating margin | 9900 | €52,068 | €259,787 | +€207,718 | +398.9% |
| Operating profit (loss) | 9901 | -€118,769 | €140,963 | +€259,732 | |
| Financial income | 75/76B | €10,272 | €4,892 | -€5,380 | -52.4% |
| Recurring financial income | 75 | €10,272 | €4,892 | -€5,380 | -52.4% |
| Financial charges | 65/66B | €5,452 | €6,773 | +€1,321 | +24.2% |
| Recurring financial charges | 65 | €5,452 | €6,773 | +€1,321 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€113,949 | €139,083 | +€253,032 | |
| Income taxes | 67/77 | €360 | €8,464 | +€8,104 | +2251.2% |
| Profit (loss) for the period | 9904 | -€114,309 | €130,619 | +€244,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,309 | €130,619 | +€244,928 |
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 7 October 2026 via checked.be.