CARVEL: 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.
CARVEL
Largest movements
- Cash +€18,795
up €18,795 (+23.7%), from €79,369 to €98,165
mainly Net result for the year (+€88,210) and Other debts (+€37,462)
- Other debts +€37,462
up €37,462 (+50.4%), from €74,303 to €111,765
- Reserves -€19,500
down €19,500 (-5.2%), from €374,220 to €354,719
- Gross operating margin +€3,136
up €3,136 (+2.6%), from €121,804 to €124,941
- Financial income -€1,505
down €1,505 (-10.1%), from €14,948 to €13,443
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 | €926,800 | €945,199 | +€18,399 | +2.0% |
| Fixed assets | 21/28 | €81,896 | €81,496 | -€400 | -0.5% |
| Tangible fixed assets | 22/27 | €81,400 | €81,000 | -€400 | -0.5% |
| Land and buildings | 22 | €80,875 | €80,875 | = | 0.0% |
| Furniture and vehicles | 24 | €525 | €125 | -€400 | -76.2% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €844,904 | €863,703 | +€18,799 | +2.2% |
| Current investments | 50/53 | €765,481 | €765,481 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,369 | €98,165 | +€18,795 | +23.7% |
| Deferred charges and accrued income | 490/1 | €54 | €58 | +€4 | +7.0% |
| Total equity and liabilities | 10/49 | €926,800 | €945,199 | +€18,399 | +2.0% |
| Equity | 10/15 | €828,701 | €809,201 | -€19,500 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €374,220 | €354,719 | -€19,500 | -5.2% |
| Distributable reserves | 133 | €374,220 | €354,719 | -€19,500 | -5.2% |
| Profit (loss) carried forward | 14 | €435,882 | €435,882 | = | 0.0% |
| Amounts payable | 17/49 | €98,099 | €135,998 | +€37,900 | +38.6% |
| Amounts payable within one year | 42/48 | €88,039 | €125,637 | +€37,598 | +42.7% |
| Trade debts | 44 | €1,216 | €128 | -€1,088 | -89.5% |
| Suppliers | 440/4 | €1,216 | €128 | -€1,088 | -89.5% |
| Taxes, remuneration and social security | 45 | €12,519 | €13,744 | +€1,225 | +9.8% |
| Taxes | 450/3 | €12,519 | €13,744 | +€1,225 | +9.8% |
| Other amounts payable | 47/48 | €74,303 | €111,765 | +€37,462 | +50.4% |
| Accrued charges and deferred income | 492/3 | €10,060 | €10,361 | +€301 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €400 | = | 0.0% |
| Other operating charges | 640/8 | €7,268 | €7,495 | +€227 | +3.1% |
| Gross operating margin | 9900 | €121,804 | €124,941 | +€3,136 | +2.6% |
| Operating profit (loss) | 9901 | €114,137 | €117,046 | +€2,909 | +2.5% |
| Financial income | 75/76B | €14,948 | €13,443 | -€1,505 | -10.1% |
| Recurring financial income | 75 | €14,948 | €13,443 | -€1,505 | -10.1% |
| Financial charges | 65/66B | €972 | €857 | -€114 | -11.8% |
| Recurring financial charges | 65 | €972 | €857 | -€114 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €128,113 | €129,631 | +€1,519 | +1.2% |
| Income taxes | 67/77 | €40,837 | €41,421 | +€584 | +1.4% |
| Profit (loss) for the period | 9904 | €87,275 | €88,210 | +€935 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,275 | €88,210 | +€935 | +1.1% |
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 17 October 2026 via checked.be.