CARULUC: 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.
CARULUC
Largest movements
- Current investments +€1.3m
up €1.3m (+270.0%), from €465,000 to €1.7m
- Other debts +€672,417
up €672,417 (+67241.7%), from €1,000 to €673,417
- Reserves +€519,234
up €519,234 (+35.9%), from €1.4m to €2.0m
- Tax, wage and social debts +€92,523
up €92,523 (+231.6%), from €39,948 to €132,471
- Financial income +€1.0m
up €1.0m (+381.4%), from €272,995 to €1.3m
of which Non-recurring financial income: +€1.1m
- Taxes +€94,630
up €94,630 (+385.7%), from €24,535 to €119,165
- Gross operating margin -€121
down €121 (-6.4%), from -€1,903 to -€2,024
- Other operating charges +€33
up €33 (+3.0%), from €1,093 to €1,126
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 | €3,000,648 | €4,284,824 | +€1.3m | +42.8% |
| Fixed assets | 21/28 | €2,507,133 | €2,507,133 | = | 0.0% |
| Financial fixed assets | 28 | €2,507,133 | €2,507,133 | = | 0.0% |
| Current assets | 29/58 | €493,515 | €1,777,691 | +€1.3m | +260.2% |
| Current investments | 50/53 | €465,000 | €1,720,509 | +€1.3m | +270.0% |
| Cash at bank and in hand | 54/58 | €28,515 | €57,182 | +€28,667 | +100.5% |
| Total equity and liabilities | 10/49 | €3,000,648 | €4,284,824 | +€1.3m | +42.8% |
| Equity | 10/15 | €2,959,574 | €3,478,808 | +€519,234 | +17.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €1,444,934 | €1,964,168 | +€519,234 | +35.9% |
| Distributable reserves | 133 | €1,444,934 | €1,964,168 | +€519,234 | +35.9% |
| Profit (loss) carried forward | 14 | €14,640 | €14,640 | = | 0.0% |
| Amounts payable | 17/49 | €41,074 | €806,016 | +€764,942 | +1862.4% |
| Amounts payable within one year | 42/48 | €41,074 | €806,016 | +€764,942 | +1862.4% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Taxes, remuneration and social security | 45 | €39,948 | €132,471 | +€92,523 | +231.6% |
| Taxes | 450/3 | €39,948 | €132,471 | +€92,523 | +231.6% |
| Other amounts payable | 47/48 | €1,000 | €673,417 | +€672,417 | +67241.7% |
| Other operating charges | 640/8 | €1,093 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€1,903 | -€2,024 | -€121 | -6.4% |
| Operating profit (loss) | 9901 | -€2,996 | -€3,150 | -€154 | -5.1% |
| Financial income | 75/76B | €272,995 | €1,314,101 | +€1.0m | +381.4% |
| Recurring financial income | 75 | €23,328 | €14,101 | -€9,227 | -39.6% |
| Non-recurring financial income | 76B | €249,667 | €1,300,000 | +€1.1m | +420.7% |
| Financial charges | 65/66B | €117 | €134 | +€17 | +14.5% |
| Recurring financial charges | 65 | €117 | €134 | +€17 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €269,882 | €1,310,817 | +€1.0m | +385.7% |
| Income taxes | 67/77 | €24,535 | €119,165 | +€94,630 | +385.7% |
| Profit (loss) for the period | 9904 | €245,347 | €1,191,652 | +€946,305 | +385.7% |
| Profit (loss) for the period to be appropriated | 9905 | €245,347 | €1,191,652 | +€946,305 | +385.7% |
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 3 October 2026 via checked.be.