Dr CARRARO Laurence: 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 CARRARO Laurence
Largest movements
- Cash +€9,773
up €9,773 (+69,117%), from €14 to €9,787
mainly Net result for the year (+€7,438) and Deferred charges and accrued income (+€2,410)
- Deferred charges and accrued income -€2,410
down €2,410 (-11.6%), from €20,722 to €18,312
- Formation expenses -€408
down €408 (-22.1%), from €1,851 to €1,443
- Profit (loss) carried forward +€7,438
new in 2025: €7,438
- Trade debts -€1,946
down €1,946 (-84.2%), from €2,312 to €366
- Other debts +€1,408
up €1,408 (+15.3%), from €9,218 to €10,626
- Gross operating margin +€2,954
up €2,954 (+32.0%), from €9,224 to €12,178
- Other operating charges +€988
up €988 (+7,397%), from €13 to €1,001
- Financial charges +€588
up €588 (+270%), from €218 to €806
- Taxes -€450
down €450 (-16.1%), from €2,787 to €2,337
- Depreciation +€389
up €389 (+189%), from €206 to €596
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 | €27,660 | €34,590 | +€6,931 | +25.1% |
| Formation expenses | 20 | €1,851 | €1,443 | -€408 | -22.1% |
| Fixed assets | 21/28 | €1,859 | €1,671 | -€188 | -10.1% |
| Tangible fixed assets | 22/27 | €1,859 | €1,671 | -€188 | -10.1% |
| Other tangible fixed assets | 26 | €1,859 | €1,671 | -€188 | -10.1% |
| Current assets | 29/58 | €23,950 | €31,476 | +€7,526 | +31.4% |
| Amounts receivable within one year | 40/41 | €3,213 | €3,376 | +€163 | +5.1% |
| Other amounts receivable | 41 | €3,213 | €3,376 | +€163 | +5.1% |
| Cash at bank and in hand | 54/58 | €14 | €9,787 | +€9,773 | +69,117% |
| Deferred charges and accrued income | 490/1 | €20,722 | €18,312 | -€2,410 | -11.6% |
| Total equity and liabilities | 10/49 | €27,660 | €34,590 | +€6,931 | +25.1% |
| Equity | 10/15 | €11,000 | €18,438 | +€7,438 | +67.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €7,438 | +€7,438 | |
| Amounts payable | 17/49 | €16,660 | €16,153 | -€507 | -3.0% |
| Amounts payable within one year | 42/48 | €16,660 | €16,144 | -€516 | -3.1% |
| Trade debts | 44 | €2,312 | €366 | -€1,946 | -84.2% |
| Suppliers | 440/4 | €2,312 | €366 | -€1,946 | -84.2% |
| Taxes, remuneration and social security | 45 | €5,130 | €5,152 | +€22 | +0.4% |
| Taxes | 450/3 | €2,030 | €2,052 | +€22 | +1.1% |
| Remuneration and social security | 454/9 | €3,100 | €3,100 | = | 0.0% |
| Other amounts payable | 47/48 | €9,218 | €10,626 | +€1,408 | +15.3% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206 | €596 | +€389 | +189% |
| Other operating charges | 640/8 | €13 | €1,001 | +€988 | +7,397% |
| Gross operating margin | 9900 | €9,224 | €12,178 | +€2,954 | +32.0% |
| Operating profit (loss) | 9901 | €9,004 | €10,581 | +€1,577 | +17.5% |
| Financial charges | 65/66B | €218 | €806 | +€588 | +270% |
| Recurring financial charges | 65 | €218 | €806 | +€588 | +270% |
| Profit (loss) for the period before taxes | 9903 | €8,786 | €9,775 | +€989 | +11.3% |
| Income taxes | 67/77 | €2,787 | €2,337 | -€450 | -16.1% |
| Profit (loss) for the period | 9904 | €6,000 | €7,438 | +€1,438 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,000 | €7,438 | +€1,438 | +24.0% |
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 30 October 2026 via checked.be.