BO CARO: 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.
BO CARO
Largest movements
- Tangible fixed assets +€23,949
up €23,949 (+166%), from €14,392 to €38,341
of which Furniture and vehicles: +€23,085
- Stocks and contracts -€7,126
down €7,126 (-10.5%), from €67,813 to €60,687
- Receivables within one year +€4,001
up €4,001 (+15.8%), from €25,286 to €29,287
of which Trade receivables: +€2,201
- Debts after one year +€15,562
new in 2025: €15,562
- Short-term financial debts +€6,280
up €6,280 (+60.6%), from €10,369 to €16,649
- Tax, wage and social debts -€4,522
down €4,522 (-20.1%), from €22,472 to €17,950
of which Taxes: -€5,519
- Current portion of long-term debt +€3,356
new in 2025: €3,356
- Trade debts +€2,953
up €2,953 (+34.1%), from €8,658 to €11,611
- Gross operating margin -€20,001
down €20,001 (-24.8%), from €80,633 to €60,632
- Financial income +€4,762
up €4,762 (+68,029%), from €7 to €4,769
of which Non-recurring financial income: +€4,768
- Other operating charges +€1,605
up €1,605 (+103%), from €1,556 to €3,161
- Taxes -€1,530
down €1,530 (-30.4%), from €5,037 to €3,507
- Financial charges +€1,182
up €1,182 (+36.6%), from €3,228 to €4,410
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 | €131,795 | €152,803 | +€21,008 | +15.9% |
| Fixed assets | 21/28 | €16,658 | €40,607 | +€23,949 | +144% |
| Tangible fixed assets | 22/27 | €14,392 | €38,341 | +€23,949 | +166% |
| Plant, machinery and equipment | 23 | €6,161 | €7,025 | +€864 | +14.0% |
| Furniture and vehicles | 24 | €8,231 | €31,316 | +€23,085 | +280% |
| Financial fixed assets | 28 | €2,266 | €2,266 | = | 0.0% |
| Current assets | 29/58 | €115,137 | €112,196 | -€2,941 | -2.6% |
| Stocks and contracts in progress | 3 | €67,813 | €60,687 | -€7,126 | -10.5% |
| Stocks | 30/36 | €67,813 | €60,687 | -€7,126 | -10.5% |
| Amounts receivable within one year | 40/41 | €25,286 | €29,287 | +€4,001 | +15.8% |
| Trade receivables | 40 | €20,888 | €23,089 | +€2,201 | +10.5% |
| Other amounts receivable | 41 | €4,398 | €6,198 | +€1,800 | +40.9% |
| Cash at bank and in hand | 54/58 | €21,265 | €22,222 | +€957 | +4.5% |
| Deferred charges and accrued income | 490/1 | €773 | - | -€773 | |
| Total equity and liabilities | 10/49 | €131,795 | €152,803 | +€21,008 | +15.9% |
| Equity | 10/15 | €79,079 | €80,279 | +€1,200 | +1.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,993 | €46,193 | +€1,200 | +2.7% |
| Amounts payable | 17/49 | €52,716 | €72,524 | +€19,808 | +37.6% |
| Amounts payable after more than one year | 17 | - | €15,562 | +€15,562 | |
| Financial debts | 170/4 | - | €15,562 | +€15,562 | |
| Amounts payable within one year | 42/48 | €50,096 | €56,962 | +€6,866 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,356 | +€3,356 | |
| Financial debts | 43 | €10,369 | €16,649 | +€6,280 | +60.6% |
| Credit institutions | 430/8 | €10,369 | €16,649 | +€6,280 | +60.6% |
| Trade debts | 44 | €8,658 | €11,611 | +€2,953 | +34.1% |
| Suppliers | 440/4 | €8,658 | €11,611 | +€2,953 | +34.1% |
| Taxes, remuneration and social security | 45 | €22,472 | €17,950 | -€4,522 | -20.1% |
| Taxes | 450/3 | €14,585 | €9,066 | -€5,519 | -37.8% |
| Remuneration and social security | 454/9 | €7,887 | €8,884 | +€997 | +12.6% |
| Other amounts payable | 47/48 | €8,597 | €7,396 | -€1,201 | -14.0% |
| Accrued charges and deferred income | 492/3 | €2,620 | - | -€2,620 | |
| Remuneration, social security and pensions | 62 | €46,520 | €46,803 | +€283 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,130 | €6,320 | +€190 | +3.1% |
| Other operating charges | 640/8 | €1,556 | €3,161 | +€1,605 | +103% |
| Gross operating margin | 9900 | €80,633 | €60,632 | -€20,001 | -24.8% |
| Operating profit (loss) | 9901 | €26,427 | €4,348 | -€22,079 | -83.5% |
| Financial income | 75/76B | €7 | €4,769 | +€4,762 | +68,029% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -85.7% |
| Non-recurring financial income | 76B | - | €4,768 | +€4,768 | |
| Financial charges | 65/66B | €3,228 | €4,410 | +€1,182 | +36.6% |
| Recurring financial charges | 65 | €3,228 | €4,410 | +€1,182 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €23,206 | €4,707 | -€18,499 | -79.7% |
| Income taxes | 67/77 | €5,037 | €3,507 | -€1,530 | -30.4% |
| Profit (loss) for the period | 9904 | €18,169 | €1,200 | -€16,969 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,169 | €1,200 | -€16,969 | -93.4% |
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 24 October 2026 via checked.be.