CARWELL: 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.
CARWELL
Largest movements
- Cash +€44,166
up €44,166 (+10.9%), from €405,255 to €449,422
mainly Depreciation (+€61,604) and Trade debts (+€4,719)
- Financial fixed assets -€35,000
down €35,000 (-99.0%), from €35,345 to €345
- Tangible fixed assets -€26,783
down €26,783 (-3.0%), from €890,906 to €864,123
of which Land and buildings: -€30,682
No liability line moved by more than 1% of the balance sheet total.
- Turnover -€9,705
down €9,705 (-8.2%), from €118,149 to €108,443
- Depreciation +€4,789
up €4,789 (+8.4%), from €56,816 to €61,604
- Purchases and services -€3,944
down €3,944 (-2.1%), from €186,990 to €183,046
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 | €1,351,785 | €1,337,291 | -€14,494 | -1.1% |
| Fixed assets | 21/28 | €926,251 | €864,468 | -€61,783 | -6.7% |
| Tangible fixed assets | 22/27 | €890,906 | €864,123 | -€26,783 | -3.0% |
| Land and buildings | 22 | €781,551 | €750,869 | -€30,682 | -3.9% |
| Plant, machinery and equipment | 23 | €28,769 | €20,350 | -€8,418 | -29.3% |
| Furniture and vehicles | 24 | €65,742 | €80,462 | +€14,721 | +22.4% |
| Other tangible fixed assets | 26 | €14,845 | €12,442 | -€2,403 | -16.2% |
| Financial fixed assets | 28 | €35,345 | €345 | -€35,000 | -99.0% |
| Current assets | 29/58 | €425,534 | €472,823 | +€47,289 | +11.1% |
| Stocks and contracts in progress | 3 | €14,080 | €12,287 | -€1,793 | -12.7% |
| Stocks | 30/36 | €14,080 | €12,287 | -€1,793 | -12.7% |
| Amounts receivable within one year | 40/41 | €2,881 | €5,729 | +€2,848 | +98.8% |
| Trade receivables | 40 | €1,132 | €3,059 | +€1,928 | +170% |
| Other amounts receivable | 41 | €1,749 | €2,669 | +€920 | +52.6% |
| Cash at bank and in hand | 54/58 | €405,255 | €449,422 | +€44,166 | +10.9% |
| Deferred charges and accrued income | 490/1 | €3,318 | €5,386 | +€2,068 | +62.3% |
| Total equity and liabilities | 10/49 | €1,351,785 | €1,337,291 | -€14,494 | -1.1% |
| Equity | 10/15 | €1,053,839 | €1,048,054 | -€5,785 | -0.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €985,089 | €979,304 | -€5,785 | -0.6% |
| Provisions and deferred taxes | 16 | €125,000 | €125,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €125,000 | €125,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable | 17/49 | €172,946 | €164,237 | -€8,710 | -5.0% |
| Amounts payable after more than one year | 17 | €150,000 | €137,500 | -€12,500 | -8.3% |
| Financial debts | 170/4 | €150,000 | €137,500 | -€12,500 | -8.3% |
| Amounts payable within one year | 42/48 | €22,946 | €26,737 | +€3,790 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €4,673 | €9,392 | +€4,719 | +101% |
| Suppliers | 440/4 | €4,673 | €9,392 | +€4,719 | +101% |
| Taxes, remuneration and social security | 45 | €2,099 | €1,454 | -€646 | -30.8% |
| Taxes | 450/3 | €2,099 | €1,454 | -€646 | -30.8% |
| Other amounts payable | 47/48 | €3,674 | €3,391 | -€283 | -7.7% |
| Turnover | 70 | €118,149 | €108,443 | -€9,705 | -8.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €186,990 | €183,046 | -€3,944 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,816 | €61,604 | +€4,789 | +8.4% |
| Other operating charges | 640/8 | €6,703 | €6,617 | -€86 | -1.3% |
| Gross operating margin | 9900 | €64,613 | €63,937 | -€675 | -1.0% |
| Operating profit (loss) | 9901 | €1,094 | -€4,284 | -€5,378 | |
| Financial income | 75/76B | €4,517 | €3,736 | -€781 | -17.3% |
| Recurring financial income | 75 | €4,517 | €3,736 | -€781 | -17.3% |
| Financial charges | 65/66B | €5,409 | €4,985 | -€425 | -7.9% |
| Recurring financial charges | 65 | €5,409 | €4,985 | -€425 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €202 | -€5,532 | -€5,735 | |
| Income taxes | 67/77 | €153 | €252 | +€100 | +65.5% |
| Profit (loss) for the period | 9904 | €50 | -€5,785 | -€5,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €50 | -€5,785 | -€5,834 |
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 14 October 2026 via checked.be.