CARCA: 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.
CARCA
Largest movements
- Receivables within one year -€14,443
down €14,443 (-56.8%), from €25,444 to €11,002
of which Trade receivables: -€7,652
- Tangible fixed assets +€8,449
up €8,449 (+1,050%), from €805 to €9,254
of which Plant, machinery and equipment: +€7,750
- Cash -€4,568
down €4,568 (-45.3%), from €10,075 to €5,506
mainly Investment in fixed assets (net) (-€9,932) and Trade debts (-€8,321)
- Trade debts -€8,321
down €8,321 (-51.9%), from €16,045 to €7,724
- Profit (loss) carried forward -€2,515
down €2,515 (-3.7%), from -€68,334 to -€70,848
- Other debts +€544
new in 2025: €544
- Gross operating margin -€4,930
down €4,930, from €4,655 to -€275
- Depreciation +€1,133
up €1,133 (+323%), from €350 to €1,483
- Financial income -€300
down €300 (-65.5%), from €458 to €158
- Other operating charges +€149
up €149 (+19.6%), from €760 to €908
- Financial charges -€135
down €135 (-96.1%), from €141 to €6
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 | €37,409 | €26,898 | -€10,511 | -28.1% |
| Fixed assets | 21/28 | €805 | €9,254 | +€8,449 | +1,050% |
| Tangible fixed assets | 22/27 | €805 | €9,254 | +€8,449 | +1,050% |
| Plant, machinery and equipment | 23 | €805 | €8,554 | +€7,750 | +963% |
| Furniture and vehicles | 24 | - | €700 | +€700 | |
| Current assets | 29/58 | €36,604 | €17,644 | -€18,960 | -51.8% |
| Amounts receivable within one year | 40/41 | €25,444 | €11,002 | -€14,443 | -56.8% |
| Trade receivables | 40 | €18,654 | €11,002 | -€7,652 | -41.0% |
| Other amounts receivable | 41 | €6,790 | - | -€6,790 | |
| Current investments | 50/53 | €223 | €224 | +€1 | +0.4% |
| Cash at bank and in hand | 54/58 | €10,075 | €5,506 | -€4,568 | -45.3% |
| Deferred charges and accrued income | 490/1 | €862 | €912 | +€50 | +5.8% |
| Total equity and liabilities | 10/49 | €37,409 | €26,898 | -€10,511 | -28.1% |
| Equity | 10/15 | €19,568 | €17,053 | -€2,515 | -12.9% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €19,701 | €19,701 | = | 0.0% |
| Distributable reserves | 133 | €19,701 | €19,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,334 | -€70,848 | -€2,515 | -3.7% |
| Amounts payable | 17/49 | €17,841 | €9,845 | -€7,996 | -44.8% |
| Amounts payable within one year | 42/48 | €17,841 | €9,845 | -€7,996 | -44.8% |
| Trade debts | 44 | €16,045 | €7,724 | -€8,321 | -51.9% |
| Suppliers | 440/4 | €16,045 | €7,724 | -€8,321 | -51.9% |
| Taxes, remuneration and social security | 45 | €1,796 | €1,578 | -€219 | -12.2% |
| Taxes | 450/3 | €1,796 | €1,578 | -€219 | -12.2% |
| Other amounts payable | 47/48 | - | €544 | +€544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €1,483 | +€1,133 | +323% |
| Other operating charges | 640/8 | €760 | €908 | +€149 | +19.6% |
| Gross operating margin | 9900 | €4,655 | -€275 | -€4,930 | |
| Operating profit (loss) | 9901 | €3,545 | -€2,667 | -€6,211 | |
| Financial income | 75/76B | €458 | €158 | -€300 | -65.5% |
| Recurring financial income | 75 | €458 | €158 | -€300 | -65.5% |
| Financial charges | 65/66B | €141 | €6 | -€135 | -96.1% |
| Recurring financial charges | 65 | €141 | €6 | -€135 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €3,861 | -€2,515 | -€6,376 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +48.1% |
| Profit (loss) for the period | 9904 | €3,861 | -€2,515 | -€6,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,861 | -€2,515 | -€6,376 |
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.