P & CARREAU-LINE: what changed
P & CARREAU-LINE
Largest movements
- Cash -€13,913
down €13,913 (-76.2%), from €18,257 to €4,344
mainly Net result for the year (-€20,994) and Trade debts (-€14,497)
- Stocks and contracts -€11,115
down €11,115 (-27.3%), from €40,701 to €29,585
of which Contracts in progress: -€8,682
- Receivables within one year +€8,602
up €8,602 (+1,615%), from €533 to €9,135
of which Trade receivables: +€7,234
- Tangible fixed assets +€1,460
up €1,460 (+25.0%), from €5,841 to €7,301
- Profit (loss) carried forward -€20,994
down €20,994 (-219%), from -€9,577 to -€30,571
- Short-term financial debts +€20,000
new in 2025: €20,000
- Trade debts -€14,497
down €14,497 (-79.7%), from €18,199 to €3,702
- Tax, wage and social debts +€3,318
up €3,318 (+51.6%), from €6,426 to €9,744
of which Remuneration and social security: +€1,671
- Other debts -€1,575
down €1,575 (-11.4%), from €13,819 to €12,244
- Gross operating margin -€22,310
down €22,310 (-37.8%), from €58,993 to €36,683
- Staff costs +€7,290
up €7,290 (+15.9%), from €45,988 to €53,278
- Financial charges -€1,791
down €1,791 (-60.2%), from €2,976 to €1,184
- Taxes -€1,127
no longer reported in 2025 (was €1,127)
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 | €68,939 | €54,312 | -€14,627 | -21.2% |
| Fixed assets | 21/28 | €5,876 | €7,536 | +€1,660 | +28.2% |
| Tangible fixed assets | 22/27 | €5,841 | €7,301 | +€1,460 | +25.0% |
| Plant, machinery and equipment | 23 | €5,841 | €7,301 | +€1,460 | +25.0% |
| Financial fixed assets | 28 | €35 | €235 | +€200 | +571% |
| Current assets | 29/58 | €63,063 | €46,776 | -€16,287 | -25.8% |
| Stocks and contracts in progress | 3 | €40,701 | €29,585 | -€11,115 | -27.3% |
| Stocks | 30/36 | €15,001 | €12,568 | -€2,433 | -16.2% |
| Contracts in progress | 37 | €25,700 | €17,018 | -€8,682 | -33.8% |
| Amounts receivable within one year | 40/41 | €533 | €9,135 | +€8,602 | +1,615% |
| Trade receivables | 40 | €41 | €7,275 | +€7,234 | +17,731% |
| Other amounts receivable | 41 | €492 | €1,860 | +€1,368 | +278% |
| Cash at bank and in hand | 54/58 | €18,257 | €4,344 | -€13,913 | -76.2% |
| Deferred charges and accrued income | 490/1 | €3,573 | €3,712 | +€139 | +3.9% |
| Total equity and liabilities | 10/49 | €68,939 | €54,312 | -€14,627 | -21.2% |
| Equity | 10/15 | €28,589 | €7,595 | -€20,994 | -73.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €28,165 | €28,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €27,165 | €27,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,577 | -€30,571 | -€20,994 | -219% |
| Amounts payable | 17/49 | €40,350 | €46,717 | +€6,367 | +15.8% |
| Amounts payable within one year | 42/48 | €38,444 | €45,690 | +€7,246 | +18.8% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €18,199 | €3,702 | -€14,497 | -79.7% |
| Suppliers | 440/4 | €18,199 | €3,702 | -€14,497 | -79.7% |
| Taxes, remuneration and social security | 45 | €6,426 | €9,744 | +€3,318 | +51.6% |
| Taxes | 450/3 | €1,245 | €2,891 | +€1,646 | +132% |
| Remuneration and social security | 454/9 | €5,182 | €6,853 | +€1,671 | +32.3% |
| Other amounts payable | 47/48 | €13,819 | €12,244 | -€1,575 | -11.4% |
| Accrued charges and deferred income | 492/3 | €1,906 | €1,027 | -€879 | -46.1% |
| Remuneration, social security and pensions | 62 | €45,988 | €53,278 | +€7,290 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,731 | €2,075 | +€345 | +19.9% |
| Other operating charges | 640/8 | €1,607 | €1,869 | +€262 | +16.3% |
| Gross operating margin | 9900 | €58,993 | €36,683 | -€22,310 | -37.8% |
| Operating profit (loss) | 9901 | €9,667 | -€20,539 | -€30,206 | |
| Financial income | 75/76B | €948 | €730 | -€218 | -23.0% |
| Recurring financial income | 75 | €948 | €730 | -€218 | -23.0% |
| Financial charges | 65/66B | €2,976 | €1,184 | -€1,791 | -60.2% |
| Recurring financial charges | 65 | €2,976 | €1,184 | -€1,791 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €7,639 | -€20,994 | -€28,633 | |
| Income taxes | 67/77 | €1,127 | - | -€1,127 | |
| Profit (loss) for the period | 9904 | €6,513 | -€20,994 | -€27,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,513 | -€20,994 | -€27,507 |
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.