CIARRO'S GROUP: 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.
CIARRO'S GROUP
Largest movements
- Cash -€32,467
down €32,467 (-85.4%), from €38,014 to €5,546
mainly Accrued charges and deferred income (-€22,258) and Receivables within one year (-€11,572)
- Receivables within one year +€11,572
up €11,572 (+70.2%), from €16,481 to €28,053
of which Trade receivables: +€12,064
- Tangible fixed assets +€3,768
new in 2025: €3,768
- Financial fixed assets -€1,855
down €1,855 (-2.6%), from €70,000 to €68,145
- Profit (loss) carried forward +€23,757
up €23,757, from -€592 to €23,165
- Accrued charges and deferred income -€22,258
down €22,258 (-63.6%), from €35,000 to €12,742
- Trade debts -€8,800
down €8,800 (-91.0%), from €9,673 to €873
- Debts after one year -€6,620
down €6,620 (-15.5%), from €42,602 to €35,982
- Other debts -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
- Turnover +€69,440
up €69,440 (+499%), from €13,913 to €83,353
- Purchases and services +€35,156
up €35,156 (+255%), from €13,770 to €48,926
- Gross operating margin +€34,285
up €34,285 (+24,027%), from €143 to €34,427
- Taxes +€7,572
new in 2025: €7,572
- Financial charges +€1,620
up €1,620 (+467%), from €347 to €1,967
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 | €125,726 | €105,512 | -€20,214 | -16.1% |
| Fixed assets | 21/28 | €70,000 | €71,913 | +€1,913 | +2.7% |
| Tangible fixed assets | 22/27 | - | €3,768 | +€3,768 | |
| Other tangible fixed assets | 26 | - | €3,768 | +€3,768 | |
| Financial fixed assets | 28 | €70,000 | €68,145 | -€1,855 | -2.6% |
| Current assets | 29/58 | €55,726 | €33,599 | -€22,126 | -39.7% |
| Stocks and contracts in progress | 3 | €1,231 | €0 | -€1,231 | -100% |
| Stocks | 30/36 | €1,231 | €0 | -€1,231 | -100% |
| Amounts receivable within one year | 40/41 | €16,481 | €28,053 | +€11,572 | +70.2% |
| Trade receivables | 40 | €15,989 | €28,053 | +€12,064 | +75.4% |
| Other amounts receivable | 41 | €491 | €0 | -€491 | -100% |
| Cash at bank and in hand | 54/58 | €38,014 | €5,546 | -€32,467 | -85.4% |
| Total equity and liabilities | 10/49 | €125,726 | €105,512 | -€20,214 | -16.1% |
| Equity | 10/15 | €9,408 | €33,165 | +€23,757 | +253% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€592 | €23,165 | +€23,757 | |
| Amounts payable | 17/49 | €116,317 | €72,347 | -€43,970 | -37.8% |
| Amounts payable after more than one year | 17 | €42,602 | €35,982 | -€6,620 | -15.5% |
| Financial debts | 170/4 | €42,602 | €35,982 | -€6,620 | -15.5% |
| Amounts payable within one year | 42/48 | €38,715 | €23,623 | -€15,092 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €6,362 | €6,620 | +€258 | +4.1% |
| Trade debts | 44 | €9,673 | €873 | -€8,800 | -91.0% |
| Suppliers | 440/4 | €9,673 | €873 | -€8,800 | -91.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,680 | €6,130 | -€1,550 | -20.2% |
| Taxes | 450/3 | €7,680 | €6,130 | -€1,550 | -20.2% |
| Other amounts payable | 47/48 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €35,000 | €12,742 | -€22,258 | -63.6% |
| Turnover | 70 | €13,913 | €83,353 | +€69,440 | +499% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,770 | €48,926 | +€35,156 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €732 | +€732 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €143 | €34,427 | +€34,285 | +24,027% |
| Operating profit (loss) | 9901 | -€245 | €33,295 | +€33,540 | |
| Financial charges | 65/66B | €347 | €1,967 | +€1,620 | +467% |
| Recurring financial charges | 65 | €347 | €1,967 | +€1,620 | +467% |
| Profit (loss) for the period before taxes | 9903 | -€592 | €31,328 | +€31,920 | |
| Income taxes | 67/77 | - | €7,572 | +€7,572 | |
| Profit (loss) for the period | 9904 | -€592 | €23,757 | +€24,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€592 | €23,757 | +€24,348 |
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 15 October 2026 via checked.be.