Joan Carette: 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.
Joan Carette
Largest movements
- Receivables within one year -€25,188
down €25,188 (-54.6%), from €46,168 to €20,980
of which Trade receivables: -€21,593
- Cash +€11,271
up €11,271 (+34.9%), from €32,328 to €43,599
mainly Net result for the year (+€30,762) and Receivables within one year (+€25,188)
- Other debts -€21,779
down €21,779 (-16.3%), from €133,554 to €111,774
- Tax, wage and social debts +€6,459
up €6,459 (+41.8%), from €15,438 to €21,897
- Trade debts +€3,075
up €3,075 (+133%), from €2,313 to €5,389
- Gross operating margin -€47,306
down €47,306 (-47.7%), from €99,114 to €51,808
- Taxes -€11,946
down €11,946 (-47.9%), from €24,964 to €13,018
- Depreciation -€1,951
down €1,951 (-59.0%), from €3,306 to €1,354
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 | €171,850 | €159,607 | -€12,243 | -7.1% |
| Fixed assets | 21/28 | €92,581 | €94,253 | +€1,672 | +1.8% |
| Tangible fixed assets | 22/27 | €2,556 | €4,228 | +€1,672 | +65.4% |
| Furniture and vehicles | 24 | €2,556 | €4,228 | +€1,672 | +65.4% |
| Financial fixed assets | 28 | €90,025 | €90,025 | = | 0.0% |
| Current assets | 29/58 | €79,268 | €65,354 | -€13,914 | -17.6% |
| Amounts receivable within one year | 40/41 | €46,168 | €20,980 | -€25,188 | -54.6% |
| Trade receivables | 40 | €42,573 | €20,980 | -€21,593 | -50.7% |
| Other amounts receivable | 41 | €3,595 | - | -€3,595 | |
| Cash at bank and in hand | 54/58 | €32,328 | €43,599 | +€11,271 | +34.9% |
| Deferred charges and accrued income | 490/1 | €772 | €775 | +€3 | +0.3% |
| Total equity and liabilities | 10/49 | €171,850 | €159,607 | -€12,243 | -7.1% |
| Equity | 10/15 | €20,544 | €20,547 | +€2 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84 | €87 | +€2 | +2.9% |
| Amounts payable | 17/49 | €151,305 | €139,060 | -€12,245 | -8.1% |
| Amounts payable within one year | 42/48 | €151,305 | €139,060 | -€12,245 | -8.1% |
| Trade debts | 44 | €2,313 | €5,389 | +€3,075 | +133% |
| Suppliers | 440/4 | €2,313 | €5,389 | +€3,075 | +133% |
| Taxes, remuneration and social security | 45 | €15,438 | €21,897 | +€6,459 | +41.8% |
| Taxes | 450/3 | €15,438 | €21,897 | +€6,459 | +41.8% |
| Other amounts payable | 47/48 | €133,554 | €111,774 | -€21,779 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,306 | €1,354 | -€1,951 | -59.0% |
| Other operating charges | 640/8 | €4,909 | €5,678 | +€770 | +15.7% |
| Gross operating margin | 9900 | €99,114 | €51,808 | -€47,306 | -47.7% |
| Operating profit (loss) | 9901 | €90,900 | €44,775 | -€46,125 | -50.7% |
| Financial income | 75/76B | €1 | €300 | +€299 | +33,273% |
| Recurring financial income | 75 | €1 | €300 | +€299 | +33,273% |
| Financial charges | 65/66B | €562 | €1,295 | +€733 | +131% |
| Recurring financial charges | 65 | €562 | €1,295 | +€733 | +131% |
| Profit (loss) for the period before taxes | 9903 | €90,339 | €43,780 | -€46,559 | -51.5% |
| Income taxes | 67/77 | €24,964 | €13,018 | -€11,946 | -47.9% |
| Profit (loss) for the period | 9904 | €65,375 | €30,762 | -€34,613 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,375 | €30,762 | -€34,613 | -52.9% |
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 1 November 2026 via checked.be.