E - CARBON: 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.
E - CARBON
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€109,737
down €109,737 (-38.6%), from €284,138 to €174,401
- Taxes -€30,077
down €30,077 (-40.5%), from €74,191 to €44,114
- Gross operating margin +€745
up €745 (+55.0%), from -€1,356 to -€610
- Other operating charges +€34
up €34 (+2.9%), from €1,158 to €1,192
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 | €12,757,085 | €12,871,130 | +€114,045 | +0.9% |
| Fixed assets | 21/28 | €1,885,000 | €1,885,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,885,000 | €1,885,000 | = | 0.0% |
| Current assets | 29/58 | €10,872,085 | €10,986,130 | +€114,045 | +1.0% |
| Amounts receivable within one year | 40/41 | €10,866,932 | €10,984,331 | +€117,400 | +1.1% |
| Trade receivables | 40 | - | €998 | +€998 | |
| Other amounts receivable | 41 | €10,866,932 | €10,983,333 | +€116,401 | +1.1% |
| Cash at bank and in hand | 54/58 | €5,154 | €1,799 | -€3,355 | -65.1% |
| Total equity and liabilities | 10/49 | €12,757,085 | €12,871,130 | +€114,045 | +0.9% |
| Equity | 10/15 | €5,164,728 | €5,292,657 | +€127,929 | +2.5% |
| Contributions | 10/11 | €1,122,000 | €1,122,000 | = | 0.0% |
| Capital | 10 | €1,122,000 | €1,122,000 | = | 0.0% |
| Issued capital | 100 | €1,122,000 | €1,122,000 | = | 0.0% |
| Reserves | 13 | €112,200 | €112,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €112,200 | €112,200 | = | 0.0% |
| Legal reserve | 130 | €112,200 | €112,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,930,528 | €4,058,457 | +€127,929 | +3.3% |
| Amounts payable | 17/49 | €7,592,357 | €7,578,473 | -€13,884 | -0.2% |
| Amounts payable within one year | 42/48 | €7,592,357 | €7,578,473 | -€13,884 | -0.2% |
| Trade debts | 44 | €894 | €168 | -€726 | -81.2% |
| Suppliers | 440/4 | €894 | €168 | -€726 | -81.2% |
| Taxes, remuneration and social security | 45 | €91,463 | €78,305 | -€13,158 | -14.4% |
| Taxes | 450/3 | €91,463 | €78,305 | -€13,158 | -14.4% |
| Other amounts payable | 47/48 | €7,500,000 | €7,500,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,158 | €1,192 | +€34 | +2.9% |
| Gross operating margin | 9900 | -€1,356 | -€610 | +€745 | +55.0% |
| Operating profit (loss) | 9901 | -€2,514 | -€1,802 | +€711 | +28.3% |
| Financial income | 75/76B | €284,138 | €174,401 | -€109,737 | -38.6% |
| Recurring financial income | 75 | €284,138 | €174,401 | -€109,737 | -38.6% |
| Financial charges | 65/66B | €556 | €556 | = | 0.0% |
| Recurring financial charges | 65 | €556 | €556 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €281,068 | €172,043 | -€109,025 | -38.8% |
| Income taxes | 67/77 | €74,191 | €44,114 | -€30,077 | -40.5% |
| Profit (loss) for the period | 9904 | €206,877 | €127,929 | -€78,948 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €206,877 | €127,929 | -€78,948 | -38.2% |
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 25 October 2026 via checked.be.