Carvera: 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.
Carvera
Largest movements
- Receivables within one year -€27,682
down €27,682 (-54.8%), from €50,502 to €22,820
of which Trade receivables: -€22,538
- Cash -€22,888
down €22,888 (-32.6%), from €70,130 to €47,242
mainly Investment in fixed assets (net) (-€45,637) and Trade debts (-€31,376)
- Tangible fixed assets -€7,328
down €7,328 (-1.9%), from €392,389 to €385,061
of which Land and buildings: -€26,531
- Trade debts -€31,376
down €31,376 (-67.5%), from €46,515 to €15,138
- Debts after one year -€19,511
down €19,511 (-8.3%), from €234,650 to €215,139
- Gross operating margin -€52,276
down €52,276 (-46.2%), from €113,220 to €60,944
- Taxes -€17,645
down €17,645 (-97.7%), from €18,054 to €408
- Depreciation +€5,297
up €5,297 (+11.6%), from €45,668 to €50,965
- Financial charges -€4,816
down €4,816 (-52.5%), from €9,181 to €4,365
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 | €548,416 | €496,306 | -€52,110 | -9.5% |
| Fixed assets | 21/28 | €392,789 | €387,461 | -€5,328 | -1.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €392,389 | €385,061 | -€7,328 | -1.9% |
| Land and buildings | 22 | €354,255 | €327,724 | -€26,531 | -7.5% |
| Plant, machinery and equipment | 23 | €28,233 | €57,337 | +€29,104 | +103.1% |
| Furniture and vehicles | 24 | €9,901 | €0 | -€9,901 | -100.0% |
| Financial fixed assets | 28 | €400 | €2,400 | +€2,000 | +500.0% |
| Current assets | 29/58 | €155,627 | €108,846 | -€46,782 | -30.1% |
| Stocks and contracts in progress | 3 | €31,000 | €34,500 | +€3,500 | +11.3% |
| Stocks | 30/36 | €31,000 | €34,500 | +€3,500 | +11.3% |
| Amounts receivable within one year | 40/41 | €50,502 | €22,820 | -€27,682 | -54.8% |
| Trade receivables | 40 | €45,358 | €22,820 | -€22,538 | -49.7% |
| Other amounts receivable | 41 | €5,144 | - | -€5,144 | |
| Cash at bank and in hand | 54/58 | €70,130 | €47,242 | -€22,888 | -32.6% |
| Deferred charges and accrued income | 490/1 | €3,995 | €4,283 | +€289 | +7.2% |
| Total equity and liabilities | 10/49 | €548,416 | €496,306 | -€52,110 | -9.5% |
| Equity | 10/15 | €193,888 | €196,561 | +€2,673 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,288 | €176,036 | +€747 | +0.4% |
| Distributable reserves | 133 | €175,288 | €176,036 | +€747 | +0.4% |
| Profit (loss) carried forward | 14 | - | €1,926 | +€1,926 | |
| Amounts payable | 17/49 | €354,528 | €299,745 | -€54,783 | -15.5% |
| Amounts payable after more than one year | 17 | €234,650 | €215,139 | -€19,511 | -8.3% |
| Financial debts | 170/4 | €234,650 | €215,139 | -€19,511 | -8.3% |
| Amounts payable within one year | 42/48 | €119,878 | €84,606 | -€35,272 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €19,410 | €19,511 | +€101 | +0.5% |
| Trade debts | 44 | €46,515 | €15,138 | -€31,376 | -67.5% |
| Suppliers | 440/4 | €46,515 | €15,138 | -€31,376 | -67.5% |
| Taxes, remuneration and social security | 45 | €20,032 | €19,199 | -€833 | -4.2% |
| Taxes | 450/3 | €20,032 | €19,199 | -€833 | -4.2% |
| Other amounts payable | 47/48 | €33,922 | €30,758 | -€3,164 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,668 | €50,965 | +€5,297 | +11.6% |
| Other operating charges | 640/8 | €2,441 | €2,007 | -€434 | -17.8% |
| Non-recurring operating charges | 66A | - | €533 | +€533 | |
| Gross operating margin | 9900 | €113,220 | €60,944 | -€52,276 | -46.2% |
| Operating profit (loss) | 9901 | €65,111 | €7,439 | -€57,672 | -88.6% |
| Financial income | 75/76B | €782 | €8 | -€774 | -99.0% |
| Recurring financial income | 75 | €782 | €8 | -€774 | -99.0% |
| Financial charges | 65/66B | €9,181 | €4,365 | -€4,816 | -52.5% |
| Recurring financial charges | 65 | €9,181 | €4,365 | -€4,816 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €56,712 | €3,081 | -€53,631 | -94.6% |
| Income taxes | 67/77 | €18,054 | €408 | -€17,645 | -97.7% |
| Profit (loss) for the period | 9904 | €38,659 | €2,673 | -€35,986 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,659 | €2,673 | -€35,986 | -93.1% |
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 9 October 2026 via checked.be.