CARSOBEL: 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.
CARSOBEL
Largest movements
- Stocks and contracts -€10,905
down €10,905 (-29.4%), from €37,032 to €26,127
- Receivables within one year +€6,053
up €6,053 (+950.9%), from €637 to €6,690
of which Trade receivables: +€6,000
- Intangible fixed assets -€5,000
down €5,000 (-13.8%), from €36,233 to €31,233
- Cash +€1,509
up €1,509 (+20.7%), from €7,279 to €8,788
mainly Stocks and contracts (+€10,905) and Depreciation (+€5,045)
- Tangible fixed assets +€1,369
new in 2025: €1,369
- Other debts -€6,000
down €6,000 (-8.2%), from €73,256 to €67,256
- Profit (loss) carried forward +€2,798
up €2,798 (+10.8%), from -€26,029 to -€23,230
- Tax, wage and social debts -€2,019
down €2,019 (-30.3%), from €6,669 to €4,650
- Current portion of long-term debt -€1,460
no longer reported in 2025 (was €1,460)
- Gross operating margin +€5,581
up €5,581 (+219.5%), from €2,542 to €8,123
- Other operating charges -€1,693
down €1,693 (-93.0%), from €1,821 to €128
- Financial charges -€201
down €201 (-56.9%), from €353 to €152
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 | €81,230 | €74,258 | -€6,973 | -8.6% |
| Fixed assets | 21/28 | €36,283 | €32,652 | -€3,631 | -10.0% |
| Intangible fixed assets | 21 | €36,233 | €31,233 | -€5,000 | -13.8% |
| Tangible fixed assets | 22/27 | - | €1,369 | +€1,369 | |
| Plant, machinery and equipment | 23 | - | €1,369 | +€1,369 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €44,948 | €41,605 | -€3,342 | -7.4% |
| Stocks and contracts in progress | 3 | €37,032 | €26,127 | -€10,905 | -29.4% |
| Stocks | 30/36 | €37,032 | €26,127 | -€10,905 | -29.4% |
| Amounts receivable within one year | 40/41 | €637 | €6,690 | +€6,053 | +950.9% |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | €637 | €690 | +€53 | +8.4% |
| Cash at bank and in hand | 54/58 | €7,279 | €8,788 | +€1,509 | +20.7% |
| Total equity and liabilities | 10/49 | €81,230 | €74,258 | -€6,973 | -8.6% |
| Equity | 10/15 | -€7,337 | -€4,538 | +€2,798 | +38.1% |
| Contributions | 10/11 | €18,692 | €18,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,029 | -€23,230 | +€2,798 | +10.8% |
| Amounts payable | 17/49 | €88,567 | €78,796 | -€9,771 | -11.0% |
| Amounts payable within one year | 42/48 | €88,567 | €78,796 | -€9,771 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €1,460 | - | -€1,460 | |
| Trade debts | 44 | €7,181 | €6,890 | -€292 | -4.1% |
| Suppliers | 440/4 | €7,181 | €6,890 | -€292 | -4.1% |
| Taxes, remuneration and social security | 45 | €6,669 | €4,650 | -€2,019 | -30.3% |
| Taxes | 450/3 | €6,669 | €4,650 | -€2,019 | -30.3% |
| Other amounts payable | 47/48 | €73,256 | €67,256 | -€6,000 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €5,045 | +€45 | +0.9% |
| Other operating charges | 640/8 | €1,821 | €128 | -€1,693 | -93.0% |
| Gross operating margin | 9900 | €2,542 | €8,123 | +€5,581 | +219.5% |
| Operating profit (loss) | 9901 | -€4,279 | €2,950 | +€7,229 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €353 | €152 | -€201 | -56.9% |
| Recurring financial charges | 65 | €353 | €152 | -€201 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,629 | €2,798 | +€7,427 | |
| Profit (loss) for the period | 9904 | -€4,629 | €2,798 | +€7,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,629 | €2,798 | +€7,427 |
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 5 October 2026 via checked.be.