CASA CARMELO: 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.
CASA CARMELO
Largest movements
- Cash -€85,525
down €85,525 (-98.1%), from €87,158 to €1,633
mainly Investment in fixed assets (net) (-€66,839) and Net result for the year (-€44,214)
- Tangible fixed assets +€26,034
up €26,034 (+12.0%), from €216,940 to €242,974
of which Land and buildings: +€33,201
- Deferred charges and accrued income -€11,056
down €11,056 (-97.5%), from €11,335 to €279
- Stocks and contracts +€10,571
up €10,571 (+6.1%), from €173,252 to €183,823
- Profit (loss) carried forward -€44,214
down €44,214 (-79.1%), from -€55,879 to -€100,093
- Trade debts -€10,150
down €10,150 (-80.3%), from €12,645 to €2,495
- Other debts -€6,732
down €6,732 (-5.2%), from €128,578 to €121,847
- Other operating charges -€9,368
down €9,368 (-53.0%), from €17,664 to €8,296
- Depreciation +€8,157
up €8,157 (+23.6%), from €34,595 to €42,753
- Staff costs +€4,432
up €4,432 (+16.8%), from €26,311 to €30,743
- Gross operating margin +€2,661
up €2,661 (+6.5%), from €40,930 to €43,591
- Financial charges +€2,283
up €2,283 (+65.7%), from €3,476 to €5,759
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 | €505,725 | €443,800 | -€61,924 | -12.2% |
| Fixed assets | 21/28 | €233,980 | €258,066 | +€24,086 | +10.3% |
| Intangible fixed assets | 21 | €17,040 | €15,092 | -€1,948 | -11.4% |
| Tangible fixed assets | 22/27 | €216,940 | €242,974 | +€26,034 | +12.0% |
| Land and buildings | 22 | €177,253 | €210,454 | +€33,201 | +18.7% |
| Plant, machinery and equipment | 23 | €3,119 | €3,366 | +€246 | +7.9% |
| Furniture and vehicles | 24 | €36,567 | €25,189 | -€11,378 | -31.1% |
| Leasing and similar rights | 25 | - | €3,966 | +€3,966 | |
| Current assets | 29/58 | €271,745 | €185,735 | -€86,010 | -31.7% |
| Stocks and contracts in progress | 3 | €173,252 | €183,823 | +€10,571 | +6.1% |
| Stocks | 30/36 | €173,252 | €183,823 | +€10,571 | +6.1% |
| Cash at bank and in hand | 54/58 | €87,158 | €1,633 | -€85,525 | -98.1% |
| Deferred charges and accrued income | 490/1 | €11,335 | €279 | -€11,056 | -97.5% |
| Total equity and liabilities | 10/49 | €505,725 | €443,800 | -€61,924 | -12.2% |
| Equity | 10/15 | €312,998 | €268,784 | -€44,214 | -14.1% |
| Contributions | 10/11 | €138,876 | €138,876 | = | 0.0% |
| Reserves | 13 | €230,000 | €230,000 | = | 0.0% |
| Distributable reserves | 133 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,879 | -€100,093 | -€44,214 | -79.1% |
| Amounts payable | 17/49 | €192,727 | €175,017 | -€17,710 | -9.2% |
| Amounts payable after more than one year | 17 | €41,977 | €39,956 | -€2,021 | -4.8% |
| Financial debts | 170/4 | €26,305 | €19,539 | -€6,766 | -25.7% |
| Other amounts payable | 178/9 | €15,672 | €20,417 | +€4,745 | +30.3% |
| Amounts payable within one year | 42/48 | €150,750 | €134,435 | -€16,314 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €7,601 | €7,930 | +€329 | +4.3% |
| Trade debts | 44 | €12,645 | €2,495 | -€10,150 | -80.3% |
| Suppliers | 440/4 | €12,645 | €2,495 | -€10,150 | -80.3% |
| Taxes, remuneration and social security | 45 | €1,925 | €2,164 | +€239 | +12.4% |
| Taxes | 450/3 | €261 | €268 | +€7 | +2.5% |
| Remuneration and social security | 454/9 | €1,664 | €1,896 | +€232 | +13.9% |
| Other amounts payable | 47/48 | €128,578 | €121,847 | -€6,732 | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Remuneration, social security and pensions | 62 | €26,311 | €30,743 | +€4,432 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,595 | €42,753 | +€8,157 | +23.6% |
| Other operating charges | 640/8 | €17,664 | €8,296 | -€9,368 | -53.0% |
| Gross operating margin | 9900 | €40,930 | €43,591 | +€2,661 | +6.5% |
| Operating profit (loss) | 9901 | -€37,640 | -€38,200 | -€560 | -1.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,476 | €5,759 | +€2,283 | +65.7% |
| Recurring financial charges | 65 | €3,476 | €5,759 | +€2,283 | +65.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,116 | -€43,958 | -€2,842 | -6.9% |
| Income taxes | 67/77 | €261 | €256 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | -€41,377 | -€44,214 | -€2,837 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,377 | -€44,214 | -€2,837 | -6.9% |
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 7 October 2026 via checked.be.