G. CARRE: 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.
G. CARRE
Largest movements
- Receivables within one year +€44,732
up €44,732 (+112.1%), from €39,889 to €84,621
of which Other amounts receivable: +€28,103
- Tangible fixed assets -€14,583
down €14,583 (-10.5%), from €138,556 to €123,973
of which Land and buildings: -€8,323
- Cash +€5,641
up €5,641 (+39.3%), from €14,345 to €19,986
mainly Other debts (+€67,305) and Depreciation (+€14,583)
- Other debts +€67,305
new in 2025: €67,305
- Profit (loss) carried forward -€51,149
down €51,149 (-31.7%), from €161,169 to €110,020
- Tax, wage and social debts +€13,761
up €13,761 (+137.5%), from €10,009 to €23,769
- Trade debts +€2,832
up €2,832 (+32.9%), from €8,618 to €11,450
- Gross operating margin +€13,186
up €13,186 (+45.9%), from €28,707 to €41,893
- Taxes +€6,611
up €6,611 (+102.0%), from €6,479 to €13,090
- Financial income +€1,324
up €1,324 (+436.5%), from €303 to €1,628
- Depreciation -€1,143
down €1,143 (-7.3%), from €15,726 to €14,583
- Other operating charges +€1,066
up €1,066 (+204.8%), from €520 to €1,586
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 | €198,395 | €231,144 | +€32,749 | +16.5% |
| Fixed assets | 21/28 | €139,156 | €124,573 | -€14,583 | -10.5% |
| Tangible fixed assets | 22/27 | €138,556 | €123,973 | -€14,583 | -10.5% |
| Land and buildings | 22 | €121,094 | €112,771 | -€8,323 | -6.9% |
| Plant, machinery and equipment | 23 | €11,398 | €7,824 | -€3,574 | -31.4% |
| Furniture and vehicles | 24 | €6,063 | €3,377 | -€2,686 | -44.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €59,240 | €106,572 | +€47,332 | +79.9% |
| Stocks and contracts in progress | 3 | €1,991 | - | -€1,991 | |
| Stocks | 30/36 | €1,991 | - | -€1,991 | |
| Amounts receivable within one year | 40/41 | €39,889 | €84,621 | +€44,732 | +112.1% |
| Trade receivables | 40 | €25,353 | €41,982 | +€16,629 | +65.6% |
| Other amounts receivable | 41 | €14,536 | €42,639 | +€28,103 | +193.3% |
| Cash at bank and in hand | 54/58 | €14,345 | €19,986 | +€5,641 | +39.3% |
| Deferred charges and accrued income | 490/1 | €3,015 | €1,964 | -€1,050 | -34.8% |
| Total equity and liabilities | 10/49 | €198,395 | €231,144 | +€32,749 | +16.5% |
| Equity | 10/15 | €179,769 | €128,620 | -€51,149 | -28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,169 | €110,020 | -€51,149 | -31.7% |
| Amounts payable | 17/49 | €18,627 | €102,525 | +€83,898 | +450.4% |
| Amounts payable within one year | 42/48 | €18,627 | €102,525 | +€83,898 | +450.4% |
| Trade debts | 44 | €8,618 | €11,450 | +€2,832 | +32.9% |
| Suppliers | 440/4 | €8,618 | €11,450 | +€2,832 | +32.9% |
| Taxes, remuneration and social security | 45 | €10,009 | €23,769 | +€13,761 | +137.5% |
| Taxes | 450/3 | €10,009 | €23,769 | +€13,761 | +137.5% |
| Other amounts payable | 47/48 | - | €67,305 | +€67,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,726 | €14,583 | -€1,143 | -7.3% |
| Other operating charges | 640/8 | €520 | €1,586 | +€1,066 | +204.8% |
| Gross operating margin | 9900 | €28,707 | €41,893 | +€13,186 | +45.9% |
| Operating profit (loss) | 9901 | €12,461 | €25,724 | +€13,263 | +106.4% |
| Financial income | 75/76B | €303 | €1,628 | +€1,324 | +436.5% |
| Recurring financial income | 75 | €303 | €1,628 | +€1,324 | +436.5% |
| Financial charges | 65/66B | €361 | €411 | +€50 | +13.7% |
| Recurring financial charges | 65 | €361 | €411 | +€50 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €12,403 | €26,941 | +€14,538 | +117.2% |
| Income taxes | 67/77 | €6,479 | €13,090 | +€6,611 | +102.0% |
| Profit (loss) for the period | 9904 | €5,924 | €13,851 | +€7,928 | +133.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,924 | €13,851 | +€7,928 | +133.8% |
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 10 October 2026 via checked.be.