DR. CARLY: 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.
DR. CARLY
Largest movements
- Cash +€25,665
up €25,665 (+55.5%), from €46,212 to €71,877
mainly Net result for the year (+€86,148) and Depreciation (+€18,027)
- Reserves +€86,148
up €86,148 (+97.7%), from €88,156 to €174,303
of which Distributable reserves: +€67,398
- Tax, wage and social debts -€29,401
no longer reported in 2025 (was €29,401)
- Other debts -€21,170
down €21,170 (-12.1%), from €175,419 to €154,249
- Debts after one year -€13,462
no longer reported in 2025 (was €13,462)
- Current portion of long-term debt -€9,314
down €9,314 (-46.3%), from €20,136 to €10,822
- Financial charges +€47,342
up €47,342 (+768.8%), from €6,158 to €53,499
- Taxes -€13,081
down €13,081 (-35.9%), from €36,416 to €23,335
- Gross operating margin -€2,181
down €2,181 (-1.3%), from €172,251 to €170,070
- Depreciation +€2,105
up €2,105 (+13.2%), from €15,922 to €18,027
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 | €540,994 | €559,375 | +€18,381 | +3.4% |
| Fixed assets | 21/28 | €50,057 | €46,417 | -€3,640 | -7.3% |
| Intangible fixed assets | 21 | €1,360 | €435 | -€924 | -68.0% |
| Tangible fixed assets | 22/27 | €47,197 | €44,481 | -€2,716 | -5.8% |
| Plant, machinery and equipment | 23 | €28,266 | €15,787 | -€12,479 | -44.1% |
| Furniture and vehicles | 24 | €923 | €923 | = | 0.0% |
| Other tangible fixed assets | 26 | €18,008 | €27,771 | +€9,763 | +54.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €490,937 | €512,958 | +€22,021 | +4.5% |
| Amounts receivable after more than one year | 29 | €421,000 | €421,000 | = | 0.0% |
| Other amounts receivable | 291 | €421,000 | €421,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,582 | €15,248 | +€1,666 | +12.3% |
| Other amounts receivable | 41 | €13,582 | €15,248 | +€1,666 | +12.3% |
| Cash at bank and in hand | 54/58 | €46,212 | €71,877 | +€25,665 | +55.5% |
| Deferred charges and accrued income | 490/1 | €10,142 | €4,833 | -€5,310 | -52.4% |
| Total equity and liabilities | 10/49 | €540,994 | €559,375 | +€18,381 | +3.4% |
| Equity | 10/15 | €274,156 | €360,303 | +€86,148 | +31.4% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €88,156 | €174,303 | +€86,148 | +97.7% |
| Tax-exempt reserves | 132 | - | €18,750 | +€18,750 | |
| Distributable reserves | 133 | €88,156 | €155,553 | +€67,398 | +76.5% |
| Provisions and deferred taxes | 16 | €20,998 | €20,998 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,998 | €20,998 | = | 0.0% |
| Pensions and similar obligations | 160 | €20,998 | €20,998 | = | 0.0% |
| Amounts payable | 17/49 | €245,840 | €178,073 | -€67,767 | -27.6% |
| Amounts payable after more than one year | 17 | €13,462 | - | -€13,462 | |
| Financial debts | 170/4 | €13,462 | - | -€13,462 | |
| Amounts payable within one year | 42/48 | €228,249 | €172,046 | -€56,202 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €20,136 | €10,822 | -€9,314 | -46.3% |
| Trade debts | 44 | €3,293 | €6,975 | +€3,682 | +111.8% |
| Suppliers | 440/4 | €3,293 | €6,975 | +€3,682 | +111.8% |
| Taxes, remuneration and social security | 45 | €29,401 | - | -€29,401 | |
| Taxes | 450/3 | €29,401 | - | -€29,401 | |
| Other amounts payable | 47/48 | €175,419 | €154,249 | -€21,170 | -12.1% |
| Accrued charges and deferred income | 492/3 | €4,129 | €6,026 | +€1,898 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,922 | €18,027 | +€2,105 | +13.2% |
| Other operating charges | 640/8 | €1,263 | €440 | -€823 | -65.2% |
| Gross operating margin | 9900 | €172,251 | €170,070 | -€2,181 | -1.3% |
| Operating profit (loss) | 9901 | €155,065 | €151,603 | -€3,462 | -2.2% |
| Financial income | 75/76B | €11,404 | €11,380 | -€24 | -0.2% |
| Recurring financial income | 75 | €11,404 | €11,380 | -€24 | -0.2% |
| Financial charges | 65/66B | €6,158 | €53,499 | +€47,342 | +768.8% |
| Recurring financial charges | 65 | €6,158 | €53,499 | +€47,342 | +768.8% |
| Profit (loss) for the period before taxes | 9903 | €160,312 | €109,483 | -€50,828 | -31.7% |
| Income taxes | 67/77 | €36,416 | €23,335 | -€13,081 | -35.9% |
| Profit (loss) for the period | 9904 | €123,895 | €86,148 | -€37,748 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €123,895 | €86,148 | -€37,748 | -30.5% |
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 9 October 2026 via checked.be.