CARSAN: what changed
CARSAN
Largest movements
- Cash +€13,765
up €13,765 (+26.1%), from €52,780 to €66,544
mainly Net result for the year (+€27,772) and Depreciation (+€13,060)
- Tangible fixed assets -€7,377
down €7,377 (-4.3%), from €171,484 to €164,107
of which Land and buildings: -€7,348
- Reserves +€27,772
up €27,772 (+20.4%), from €136,416 to €164,188
of which Distributable reserves: +€27,772
- Other debts -€24,495
down €24,495 (-29.7%), from €82,360 to €57,864
- Debts after one year -€5,323
down €5,323 (-74.5%), from €7,142 to €1,819
- Trade debts +€4,484
up €4,484 (+1,548%), from €290 to €4,773
- Tax, wage and social debts +€3,670
up €3,670 (+219%), from €1,678 to €5,348
- Gross operating margin +€16,906
up €16,906 (+38.7%), from €43,637 to €60,543
- Taxes +€9,070
up €9,070 (+212%), from €4,278 to €13,348
- Depreciation +€821
up €821 (+6.7%), from €12,239 to €13,060
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,908 | €232,195 | +€6,287 | +2.8% |
| Fixed assets | 21/28 | €171,521 | €164,144 | -€7,377 | -4.3% |
| Tangible fixed assets | 22/27 | €171,484 | €164,107 | -€7,377 | -4.3% |
| Land and buildings | 22 | €166,061 | €158,712 | -€7,348 | -4.4% |
| Plant, machinery and equipment | 23 | €5,423 | €5,395 | -€29 | -0.5% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €54,387 | €68,051 | +€13,665 | +25.1% |
| Amounts receivable within one year | 40/41 | €1,096 | €527 | -€569 | -51.9% |
| Trade receivables | 40 | €732 | - | -€732 | |
| Other amounts receivable | 41 | €364 | €527 | +€163 | +44.8% |
| Cash at bank and in hand | 54/58 | €52,780 | €66,544 | +€13,765 | +26.1% |
| Deferred charges and accrued income | 490/1 | €511 | €980 | +€468 | +91.6% |
| Total equity and liabilities | 10/49 | €225,908 | €232,195 | +€6,287 | +2.8% |
| Equity | 10/15 | €129,296 | €157,068 | +€27,772 | +21.5% |
| Contributions | 10/11 | €24,790 | €24,790 | = | 0.0% |
| Reserves | 13 | €136,416 | €164,188 | +€27,772 | +20.4% |
| Tax-exempt reserves | 132 | €18,383 | €18,383 | = | 0.0% |
| Distributable reserves | 133 | €118,033 | €145,805 | +€27,772 | +23.5% |
| Profit (loss) carried forward | 14 | -€31,910 | -€31,910 | = | 0.0% |
| Amounts payable | 17/49 | €96,612 | €75,128 | -€21,485 | -22.2% |
| Amounts payable after more than one year | 17 | €7,142 | €1,819 | -€5,323 | -74.5% |
| Financial debts | 170/4 | €7,142 | €1,819 | -€5,323 | -74.5% |
| Amounts payable within one year | 42/48 | €89,456 | €73,309 | -€16,147 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €5,129 | €5,323 | +€195 | +3.8% |
| Trade debts | 44 | €290 | €4,773 | +€4,484 | +1,548% |
| Suppliers | 440/4 | €290 | €4,773 | +€4,484 | +1,548% |
| Taxes, remuneration and social security | 45 | €1,678 | €5,348 | +€3,670 | +219% |
| Taxes | 450/3 | €1,678 | €5,348 | +€3,670 | +219% |
| Other amounts payable | 47/48 | €82,360 | €57,864 | -€24,495 | -29.7% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,239 | €13,060 | +€821 | +6.7% |
| Other operating charges | 640/8 | €5,595 | €5,723 | +€128 | +2.3% |
| Gross operating margin | 9900 | €43,637 | €60,543 | +€16,906 | +38.7% |
| Operating profit (loss) | 9901 | €25,803 | €41,760 | +€15,957 | +61.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €745 | €640 | -€105 | -14.1% |
| Recurring financial charges | 65 | €745 | €640 | -€105 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €25,061 | €41,120 | +€16,059 | +64.1% |
| Income taxes | 67/77 | €4,278 | €13,348 | +€9,070 | +212% |
| Profit (loss) for the period | 9904 | €20,783 | €27,772 | +€6,989 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,783 | €27,772 | +€6,989 | +33.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.