BITER CARACUDOVICI: 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.
BITER CARACUDOVICI
Largest movements
- Cash -€133,951
down €133,951 (-27.2%), from €492,751 to €358,800
mainly Contributions, distributions and other (-€211,691) and Other debts (-€183,353)
- Tangible fixed assets -€20,596
down €20,596 (-55.1%), from €37,372 to €16,776
of which Furniture and vehicles: -€19,118
- Deferred charges and accrued income -€14,941
down €14,941 (-21.9%), from €68,172 to €53,230
- Other debts -€183,353
down €183,353 (-46.7%), from €392,274 to €208,920
- Profit (loss) carried forward +€36,119
up €36,119 (+17.1%), from €211,691 to €247,810
- Current portion of long-term debt -€17,689
down €17,689 (-85.2%), from €20,767 to €3,078
- Tax, wage and social debts -€7,547
no longer reported in 2025 (was €7,547)
- Gross operating margin +€48,326
up €48,326 (+11.6%), from €418,181 to €466,506
- Taxes +€10,624
up €10,624 (+15.5%), from €68,493 to €79,117
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 | €645,356 | €469,808 | -€175,548 | -27.2% |
| Fixed assets | 21/28 | €52,539 | €29,343 | -€23,196 | -44.2% |
| Intangible fixed assets | 21 | €15,167 | €12,567 | -€2,600 | -17.1% |
| Tangible fixed assets | 22/27 | €37,372 | €16,776 | -€20,596 | -55.1% |
| Plant, machinery and equipment | 23 | €14,246 | €12,768 | -€1,478 | -10.4% |
| Furniture and vehicles | 24 | €23,127 | €4,009 | -€19,118 | -82.7% |
| Current assets | 29/58 | €592,817 | €440,465 | -€152,352 | -25.7% |
| Amounts receivable within one year | 40/41 | €31,894 | €28,435 | -€3,459 | -10.8% |
| Trade receivables | 40 | €387 | €7,507 | +€7,120 | +1,838% |
| Other amounts receivable | 41 | €31,507 | €20,928 | -€10,579 | -33.6% |
| Cash at bank and in hand | 54/58 | €492,751 | €358,800 | -€133,951 | -27.2% |
| Deferred charges and accrued income | 490/1 | €68,172 | €53,230 | -€14,941 | -21.9% |
| Total equity and liabilities | 10/49 | €645,356 | €469,808 | -€175,548 | -27.2% |
| Equity | 10/15 | €221,691 | €257,810 | +€36,119 | +16.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,691 | €247,810 | +€36,119 | +17.1% |
| Amounts payable | 17/49 | €423,665 | €211,998 | -€211,667 | -50.0% |
| Amounts payable after more than one year | 17 | €3,078 | - | -€3,078 | |
| Financial debts | 170/4 | €3,078 | - | -€3,078 | |
| Amounts payable within one year | 42/48 | €420,587 | €211,998 | -€208,589 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €20,767 | €3,078 | -€17,689 | -85.2% |
| Taxes, remuneration and social security | 45 | €7,547 | - | -€7,547 | |
| Taxes | 450/3 | €7,547 | - | -€7,547 | |
| Other amounts payable | 47/48 | €392,274 | €208,920 | -€183,353 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,694 | €24,446 | -€1,248 | -4.9% |
| Gross operating margin | 9900 | €418,181 | €466,506 | +€48,326 | +11.6% |
| Operating profit (loss) | 9901 | €392,487 | €442,060 | +€49,573 | +12.6% |
| Financial income | 75/76B | - | €453 | +€453 | |
| Recurring financial income | 75 | - | €453 | +€453 | |
| Financial charges | 65/66B | €112,303 | €115,586 | +€3,283 | +2.9% |
| Recurring financial charges | 65 | €112,303 | €115,586 | +€3,283 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €280,184 | €326,927 | +€46,743 | +16.7% |
| Income taxes | 67/77 | €68,493 | €79,117 | +€10,624 | +15.5% |
| Profit (loss) for the period | 9904 | €211,691 | €247,810 | +€36,119 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €211,691 | €247,810 | +€36,119 | +17.1% |
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.