P CARRÉ: 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.
P CARRÉ
Largest movements
- Cash +€16,880
up €16,880 (+20.3%), from €83,067 to €99,947
mainly Net result for the year (+€27,702) and Other debts (+€14,359)
- Receivables within one year +€6,645
up €6,645 (+59.7%), from €11,137 to €17,782
of which Trade receivables: +€4,837
- Tangible fixed assets +€3,862
new in 2025: €3,862
- Profit (loss) carried forward +€27,702
up €27,702 (+1,000%), from €2,770 to €30,472
- Other debts +€14,359
up €14,359 (+75.9%), from €18,925 to €33,284
- Tax, wage and social debts -€12,971
down €12,971 (-66.2%), from €19,591 to €6,620
of which Taxes: -€9,914
- Trade debts -€8,403
down €8,403 (-86.4%), from €9,726 to €1,323
- Provisions +€7,352
up €7,352 (+28.9%), from €25,470 to €32,822
- Gross operating margin +€33,221
up €33,221 (+90.2%), from €36,817 to €70,038
- Financial charges +€23,515
up €23,515 (+4,121%), from €571 to €24,085
- Provisions -€18,118
down €18,118 (-71.1%), from €25,470 to €7,352
- Taxes +€2,160
up €2,160 (+26.9%), from €8,032 to €10,192
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 | €94,204 | €122,021 | +€27,817 | +29.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €3,862 | +€3,862 | |
| Tangible fixed assets | 22/27 | - | €3,862 | +€3,862 | |
| Furniture and vehicles | 24 | - | €3,862 | +€3,862 | |
| Current assets | 29/58 | €94,204 | €118,159 | +€23,955 | +25.4% |
| Amounts receivable within one year | 40/41 | €11,137 | €17,782 | +€6,645 | +59.7% |
| Trade receivables | 40 | €11,137 | €15,974 | +€4,837 | +43.4% |
| Other amounts receivable | 41 | - | €1,808 | +€1,808 | |
| Cash at bank and in hand | 54/58 | €83,067 | €99,947 | +€16,880 | +20.3% |
| Deferred charges and accrued income | 490/1 | - | €430 | +€430 | |
| Total equity and liabilities | 10/49 | €94,204 | €122,021 | +€27,817 | +29.5% |
| Equity | 10/15 | €20,270 | €47,972 | +€27,702 | +137% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,770 | €30,472 | +€27,702 | +1,000% |
| Provisions and deferred taxes | 16 | €25,470 | €32,822 | +€7,352 | +28.9% |
| Provisions for liabilities and charges | 160/5 | €25,470 | €32,822 | +€7,352 | +28.9% |
| Other liabilities and charges | 164/5 | €25,470 | €32,822 | +€7,352 | +28.9% |
| Amounts payable | 17/49 | €48,464 | €41,227 | -€7,237 | -14.9% |
| Amounts payable within one year | 42/48 | €48,242 | €41,227 | -€7,015 | -14.5% |
| Trade debts | 44 | €9,726 | €1,323 | -€8,403 | -86.4% |
| Suppliers | 440/4 | €9,726 | €1,323 | -€8,403 | -86.4% |
| Taxes, remuneration and social security | 45 | €19,591 | €6,620 | -€12,971 | -66.2% |
| Taxes | 450/3 | €16,533 | €6,620 | -€9,914 | -60.0% |
| Remuneration and social security | 454/9 | €3,057 | - | -€3,057 | |
| Other amounts payable | 47/48 | €18,925 | €33,284 | +€14,359 | +75.9% |
| Accrued charges and deferred income | 492/3 | €222 | - | -€222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €464 | +€464 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,470 | €7,352 | -€18,118 | -71.1% |
| Other operating charges | 640/8 | €285 | €246 | -€40 | -13.8% |
| Gross operating margin | 9900 | €36,817 | €70,038 | +€33,221 | +90.2% |
| Operating profit (loss) | 9901 | €11,062 | €61,976 | +€50,914 | +460% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €571 | €24,085 | +€23,515 | +4,121% |
| Recurring financial charges | 65 | €571 | €24,085 | +€23,515 | +4,121% |
| Profit (loss) for the period before taxes | 9903 | €10,492 | €37,894 | +€27,402 | +261% |
| Income taxes | 67/77 | €8,032 | €10,192 | +€2,160 | +26.9% |
| Profit (loss) for the period | 9904 | €2,460 | €27,702 | +€25,242 | +1,026% |
| Profit (loss) for the period to be appropriated | 9905 | €2,460 | €27,702 | +€25,242 | +1,026% |
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 17 October 2026 via checked.be.