CO-carré: 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.
CO-carré
Largest movements
- Receivables within one year +€18,620
up €18,620 (+247%), from €7,538 to €26,158
of which Trade receivables: +€19,810
- Cash +€5,211
up €5,211 (+262%), from €1,988 to €7,199
mainly Trade debts (+€34,425) and Net result for the year (+€11,762)
- Tangible fixed assets -€1,072
down €1,072 (-57.1%), from €1,878 to €806
- Trade debts +€34,425
up €34,425 (+832%), from €4,136 to €38,560
- Profit (loss) carried forward +€11,762
up €11,762 (+37.0%), from -€31,797 to -€20,036
- Short-term financial debts -€10,615
down €10,615 (-100.0%), from €10,618 to €3
- Debts after one year -€8,280
no longer reported in 2025 (was €8,280)
- Tax, wage and social debts -€4,616
down €4,616 (-99.8%), from €4,624 to €7
- Gross operating margin +€2,420
up €2,420 (+18.4%), from €13,142 to €15,562
- Depreciation +€598
up €598 (+126%), from €474 to €1,072
- Financial charges -€571
down €571 (-19.9%), from €2,865 to €2,295
- Other operating charges -€410
down €410 (-50.7%), from €810 to €400
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 | €12,573 | €35,389 | +€22,816 | +181% |
| Fixed assets | 21/28 | €2,047 | €975 | -€1,072 | -52.4% |
| Tangible fixed assets | 22/27 | €1,878 | €806 | -€1,072 | -57.1% |
| Furniture and vehicles | 24 | €1,878 | €806 | -€1,072 | -57.1% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €10,526 | €34,414 | +€23,889 | +227% |
| Amounts receivable within one year | 40/41 | €7,538 | €26,158 | +€18,620 | +247% |
| Trade receivables | 40 | €1,452 | €21,262 | +€19,810 | +1,364% |
| Other amounts receivable | 41 | €6,086 | €4,896 | -€1,190 | -19.6% |
| Cash at bank and in hand | 54/58 | €1,988 | €7,199 | +€5,211 | +262% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,058 | +€58 | +5.8% |
| Total equity and liabilities | 10/49 | €12,573 | €35,389 | +€22,816 | +181% |
| Equity | 10/15 | -€23,737 | -€11,976 | +€11,762 | +49.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,797 | -€20,036 | +€11,762 | +37.0% |
| Amounts payable | 17/49 | €36,311 | €47,365 | +€11,055 | +30.4% |
| Amounts payable after more than one year | 17 | €8,280 | - | -€8,280 | |
| Financial debts | 170/4 | €8,280 | - | -€8,280 | |
| Amounts payable within one year | 42/48 | €28,031 | €47,365 | +€19,334 | +69.0% |
| Current portion of amounts payable after more than one year | 42 | €8,654 | €8,795 | +€141 | +1.6% |
| Financial debts | 43 | €10,618 | €3 | -€10,615 | -100.0% |
| Credit institutions | 430/8 | €10,618 | €3 | -€10,615 | -100.0% |
| Trade debts | 44 | €4,136 | €38,560 | +€34,425 | +832% |
| Suppliers | 440/4 | €4,136 | €38,560 | +€34,425 | +832% |
| Taxes, remuneration and social security | 45 | €4,624 | €7 | -€4,616 | -99.8% |
| Taxes | 450/3 | €4,624 | €7 | -€4,616 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €474 | €1,072 | +€598 | +126% |
| Other operating charges | 640/8 | €810 | €400 | -€410 | -50.7% |
| Gross operating margin | 9900 | €13,142 | €15,562 | +€2,420 | +18.4% |
| Operating profit (loss) | 9901 | €11,858 | €14,091 | +€2,233 | +18.8% |
| Financial income | 75/76B | €153 | €98 | -€55 | -36.1% |
| Recurring financial income | 75 | €153 | €98 | -€55 | -36.1% |
| Financial charges | 65/66B | €2,865 | €2,295 | -€571 | -19.9% |
| Recurring financial charges | 65 | €2,865 | €2,295 | -€571 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €9,146 | €11,894 | +€2,748 | +30.0% |
| Income taxes | 67/77 | €149 | €132 | -€17 | -11.3% |
| Profit (loss) for the period | 9904 | €8,997 | €11,762 | +€2,765 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,997 | €11,762 | +€2,765 | +30.7% |
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 23 October 2026 via checked.be.