CARVED PERFORMANCES: 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.
CARVED PERFORMANCES
Largest movements
- Receivables within one year +€11,352
up €11,352, from €0 to €11,352
of which Trade receivables: +€8,470
- Tangible fixed assets -€6,691
down €6,691 (-37.4%), from €17,891 to €11,201
of which Furniture and vehicles: -€6,535
- Cash +€2,173
up €2,173 (+10.1%), from €21,461 to €23,634
mainly Net result for the year (+€18,695) and Depreciation (+€6,691)
- Profit (loss) carried forward +€18,695
up €18,695 (+207%), from €9,025 to €27,720
- Trade debts -€15,743
down €15,743 (-99.6%), from €15,811 to €67
- Current portion of long-term debt +€6,134
new in 2025: €6,134
- Tax, wage and social debts -€5,969
down €5,969 (-59.5%), from €10,029 to €4,060
of which Taxes: -€5,969
- Debts after one year +€4,185
new in 2025: €4,185
- Gross operating margin +€45,966
up €45,966, from -€17,460 to €28,506
- Financial charges +€2,055
up €2,055 (+1,461%), from €141 to €2,196
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 | €40,852 | €47,881 | +€7,028 | +17.2% |
| Fixed assets | 21/28 | €17,891 | €11,429 | -€6,462 | -36.1% |
| Tangible fixed assets | 22/27 | €17,891 | €11,201 | -€6,691 | -37.4% |
| Furniture and vehicles | 24 | €16,637 | €10,102 | -€6,535 | -39.3% |
| Other tangible fixed assets | 26 | €1,254 | €1,099 | -€155 | -12.4% |
| Financial fixed assets | 28 | - | €228 | +€228 | |
| Current assets | 29/58 | €22,961 | €36,452 | +€13,491 | +58.8% |
| Amounts receivable within one year | 40/41 | €0 | €11,352 | +€11,352 | |
| Trade receivables | 40 | €0 | €8,470 | +€8,470 | |
| Other amounts receivable | 41 | €0 | €2,882 | +€2,882 | |
| Cash at bank and in hand | 54/58 | €21,461 | €23,634 | +€2,173 | +10.1% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,466 | -€34 | -2.3% |
| Total equity and liabilities | 10/49 | €40,852 | €47,881 | +€7,028 | +17.2% |
| Equity | 10/15 | €12,025 | €30,720 | +€18,695 | +155% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,025 | €27,720 | +€18,695 | +207% |
| Amounts payable | 17/49 | €28,827 | €17,161 | -€11,666 | -40.5% |
| Amounts payable after more than one year | 17 | - | €4,185 | +€4,185 | |
| Financial debts | 170/4 | - | €4,185 | +€4,185 | |
| Amounts payable within one year | 42/48 | €28,827 | €12,975 | -€15,852 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,134 | +€6,134 | |
| Trade debts | 44 | €15,811 | €67 | -€15,743 | -99.6% |
| Suppliers | 440/4 | €15,811 | €67 | -€15,743 | -99.6% |
| Taxes, remuneration and social security | 45 | €10,029 | €4,060 | -€5,969 | -59.5% |
| Taxes | 450/3 | €10,029 | €4,060 | -€5,969 | -59.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,988 | €2,714 | -€273 | -9.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,691 | €6,691 | -€0 | 0.0% |
| Other operating charges | 640/8 | €936 | €842 | -€95 | -10.1% |
| Gross operating margin | 9900 | -€17,460 | €28,506 | +€45,966 | |
| Operating profit (loss) | 9901 | -€25,087 | €20,973 | +€46,061 | |
| Financial income | 75/76B | €0 | €49 | +€49 | +243,500% |
| Recurring financial income | 75 | €0 | €49 | +€49 | +243,500% |
| Financial charges | 65/66B | €141 | €2,196 | +€2,055 | +1,461% |
| Recurring financial charges | 65 | €141 | €2,196 | +€2,055 | +1,461% |
| Profit (loss) for the period before taxes | 9903 | -€25,228 | €18,827 | +€44,054 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€25,356 | €18,695 | +€44,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,356 | €18,695 | +€44,050 |
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 29 October 2026 via checked.be.