LES CARMES: 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.
LES CARMES
Largest movements
- Cash +€211,194
up €211,194 (+120%), from €176,037 to €387,231
mainly Net result for the year (+€195,278) and Receivables within one year (+€49,836)
- Receivables within one year -€49,836
down €49,836 (-16.6%), from €300,303 to €250,467
of which Trade receivables: -€71,887
- Tangible fixed assets -€13,809
down €13,809 (-5.1%), from €269,326 to €255,517
of which Land and buildings: -€11,600
- Reserves +€195,278
up €195,278 (+59.0%), from €331,030 to €526,309
- Tax, wage and social debts -€66,128
down €66,128 (-38.1%), from €173,581 to €107,453
of which Taxes: -€49,167
- Trade debts +€30,223
up €30,223 (+363%), from €8,323 to €38,546
- Debts after one year -€18,273
down €18,273 (-7.7%), from €235,886 to €217,613
- Gross operating margin +€182,256
up €182,256 (+52.8%), from €345,028 to €527,284
- Taxes +€59,739
up €59,739 (+156%), from €38,211 to €97,950
- Staff costs -€14,525
down €14,525 (-6.5%), from €223,383 to €208,858
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 | €812,241 | €953,342 | +€141,101 | +17.4% |
| Fixed assets | 21/28 | €270,166 | €256,357 | -€13,809 | -5.1% |
| Tangible fixed assets | 22/27 | €269,326 | €255,517 | -€13,809 | -5.1% |
| Land and buildings | 22 | €262,224 | €250,624 | -€11,600 | -4.4% |
| Furniture and vehicles | 24 | €7,103 | €4,894 | -€2,209 | -31.1% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €542,074 | €696,984 | +€154,910 | +28.6% |
| Stocks and contracts in progress | 3 | €1,320 | €1,320 | = | 0.0% |
| Stocks | 30/36 | €1,320 | €1,320 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300,303 | €250,467 | -€49,836 | -16.6% |
| Trade receivables | 40 | €299,553 | €227,666 | -€71,887 | -24.0% |
| Other amounts receivable | 41 | €750 | €22,800 | +€22,050 | +2,940% |
| Cash at bank and in hand | 54/58 | €176,037 | €387,231 | +€211,194 | +120% |
| Deferred charges and accrued income | 490/1 | €64,414 | €57,966 | -€6,448 | -10.0% |
| Total equity and liabilities | 10/49 | €812,241 | €953,342 | +€141,101 | +17.4% |
| Equity | 10/15 | €349,630 | €544,909 | +€195,278 | +55.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,030 | €526,309 | +€195,278 | +59.0% |
| Distributable reserves | 133 | €331,030 | €526,309 | +€195,278 | +59.0% |
| Amounts payable | 17/49 | €462,610 | €408,433 | -€54,177 | -11.7% |
| Amounts payable after more than one year | 17 | €235,886 | €217,613 | -€18,273 | -7.7% |
| Financial debts | 170/4 | €235,886 | €217,613 | -€18,273 | -7.7% |
| Amounts payable within one year | 42/48 | €226,724 | €190,820 | -€35,904 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €19,934 | €19,934 | = | 0.0% |
| Trade debts | 44 | €8,323 | €38,546 | +€30,223 | +363% |
| Suppliers | 440/4 | €8,323 | €38,546 | +€30,223 | +363% |
| Taxes, remuneration and social security | 45 | €173,581 | €107,453 | -€66,128 | -38.1% |
| Taxes | 450/3 | €95,346 | €46,179 | -€49,167 | -51.6% |
| Remuneration and social security | 454/9 | €78,235 | €61,274 | -€16,961 | -21.7% |
| Other amounts payable | 47/48 | €24,886 | €24,886 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €223,383 | €208,858 | -€14,525 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,082 | €14,407 | +€1,325 | +10.1% |
| Other operating charges | 640/8 | €2,582 | €3,588 | +€1,005 | +38.9% |
| Gross operating margin | 9900 | €345,028 | €527,284 | +€182,256 | +52.8% |
| Operating profit (loss) | 9901 | €105,980 | €300,431 | +€194,451 | +183% |
| Financial charges | 65/66B | €7,129 | €7,203 | +€73 | +1.0% |
| Recurring financial charges | 65 | €7,129 | €7,203 | +€73 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €98,851 | €293,228 | +€194,377 | +197% |
| Income taxes | 67/77 | €38,211 | €97,950 | +€59,739 | +156% |
| Profit (loss) for the period | 9904 | €60,640 | €195,278 | +€134,638 | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €60,640 | €195,278 | +€134,638 | +222% |
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 20 October 2026 via checked.be.