ETS CARLINO B.: what changed
ETS CARLINO B.
Largest movements
- Financial fixed assets +€250,000
new in 2025: €250,000
- Receivables within one year -€91,214
down €91,214 (-72.7%), from €125,505 to €34,291
of which Other amounts receivable: -€72,499
- Cash +€43,925
up €43,925 (+57,728%), from €76 to €44,001
mainly Debts after one year (+€139,557) and Receivables within one year (+€91,214)
- Deferred charges and accrued income -€5,979
down €5,979 (-89.5%), from €6,681 to €701
- Debts after one year +€139,557
new in 2025: €139,557
- Accrued charges and deferred income +€71,717
up €71,717 (+617,716%), from €12 to €71,728
- Trade debts -€65,199
down €65,199 (-73.3%), from €88,944 to €23,745
- Profit (loss) carried forward +€31,527
up €31,527 (+71.8%), from €43,912 to €75,439
- Tax, wage and social debts +€14,760
up €14,760 (+105%), from €14,017 to €28,777
of which Taxes: +€16,645
- Staff costs -€30,767
down €30,767 (-34.1%), from €90,154 to €59,387
- Gross operating margin -€21,236
down €21,236 (-15.9%), from €133,586 to €112,350
- Taxes +€5,896
up €5,896 (+231%), from €2,554 to €8,449
- Other operating charges -€3,088
down €3,088 (-58.1%), from €5,311 to €2,223
- Financial income -€2,703
down €2,703 (-81.4%), from €3,322 to €619
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,885 | €341,268 | +€192,383 | +129% |
| Fixed assets | 21/28 | €16,624 | €262,275 | +€245,651 | +1,478% |
| Intangible fixed assets | 21 | €10,873 | €9,373 | -€1,500 | -13.8% |
| Tangible fixed assets | 22/27 | €5,750 | €2,901 | -€2,849 | -49.5% |
| Plant, machinery and equipment | 23 | €1,121 | €780 | -€341 | -30.4% |
| Furniture and vehicles | 24 | €4,630 | €2,122 | -€2,508 | -54.2% |
| Financial fixed assets | 28 | - | €250,000 | +€250,000 | |
| Current assets | 29/58 | €132,262 | €78,994 | -€53,268 | -40.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €125,505 | €34,291 | -€91,214 | -72.7% |
| Trade receivables | 40 | €51,452 | €32,737 | -€18,715 | -36.4% |
| Other amounts receivable | 41 | €74,053 | €1,554 | -€72,499 | -97.9% |
| Cash at bank and in hand | 54/58 | €76 | €44,001 | +€43,925 | +57,728% |
| Deferred charges and accrued income | 490/1 | €6,681 | €701 | -€5,979 | -89.5% |
| Total equity and liabilities | 10/49 | €148,885 | €341,268 | +€192,383 | +129% |
| Equity | 10/15 | €45,912 | €77,439 | +€31,527 | +68.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,912 | €75,439 | +€31,527 | +71.8% |
| Amounts payable | 17/49 | €102,973 | €263,829 | +€160,856 | +156% |
| Amounts payable after more than one year | 17 | - | €139,557 | +€139,557 | |
| Other amounts payable | 178/9 | - | €139,557 | +€139,557 | |
| Amounts payable within one year | 42/48 | €102,962 | €52,544 | -€50,418 | -49.0% |
| Trade debts | 44 | €88,944 | €23,745 | -€65,199 | -73.3% |
| Suppliers | 440/4 | €88,944 | €23,745 | -€65,199 | -73.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,017 | €28,777 | +€14,760 | +105% |
| Taxes | 450/3 | €8,644 | €25,289 | +€16,645 | +193% |
| Remuneration and social security | 454/9 | €5,373 | €3,488 | -€1,885 | -35.1% |
| Other amounts payable | 47/48 | €0 | €22 | +€22 | |
| Accrued charges and deferred income | 492/3 | €12 | €71,728 | +€71,717 | +617,716% |
| Remuneration, social security and pensions | 62 | €90,154 | €59,387 | -€30,767 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,670 | €6,711 | -€1,959 | -22.6% |
| Other operating charges | 640/8 | €5,311 | €2,223 | -€3,088 | -58.1% |
| Gross operating margin | 9900 | €133,586 | €112,350 | -€21,236 | -15.9% |
| Operating profit (loss) | 9901 | €29,451 | €44,029 | +€14,578 | +49.5% |
| Financial income | 75/76B | €3,322 | €619 | -€2,703 | -81.4% |
| Recurring financial income | 75 | €3,322 | €619 | -€2,703 | -81.4% |
| Financial charges | 65/66B | €4,335 | €4,671 | +€336 | +7.8% |
| Recurring financial charges | 65 | €4,335 | €4,671 | +€336 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €28,438 | €39,977 | +€11,539 | +40.6% |
| Income taxes | 67/77 | €2,554 | €8,449 | +€5,896 | +231% |
| Profit (loss) for the period | 9904 | €25,885 | €31,527 | +€5,643 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,885 | €31,527 | +€5,643 | +21.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.