CAERELS: 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.
What changed
CAERELS
NACE 53.200, Other postal and courier activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,104
2024 · -€10,811+€7,708
Equity
€107,889
2024 · €110,992-€3,104
Cash
€454
2024 · €1,276-€822
Balance sheet total
€451,257
2024 · €488,583-€37,325
Largest movements
Assets
- Tangible fixed assets -€29,099
down €29,099 (-6.2%), from €468,154 to €439,054
of which Land and buildings: -€23,225
- Receivables within one year -€5,700
down €5,700 (-58.8%), from €9,696 to €3,995
of which Trade receivables: -€8,061
Equity and liabilities
- Current portion of long-term debt -€13,097
down €13,097 (-51.0%), from €25,663 to €12,566
- Debts after one year -€12,566
down €12,566 (-100.0%), from €12,566 to €0
Income statement
- Depreciation -€5,599
down €5,599 (-16.8%), from €33,402 to €27,804
- Gross operating margin +€882
up €882 (+3.2%), from €27,592 to €28,474
- Other operating charges -€623
down €623 (-17.6%), from €3,538 to €2,916
- Financial charges -€536
down €536 (-46.3%), from €1,157 to €621
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.
Result 2024
-€10,811
Gross operating margin
+€882
Depreciation
+€5,599
Other operating charges
+€623
Financial income
+€170
Financial charges
+€536
Taxes
-€102
Result 2025
-€3,104
Cash bridge derived
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.
From operations
+€23,370
Investment
+€1,296
Financing
-€25,488
Cash 2024
€1,276
From operations (derived)
+€23,370
Net result for the year
-€3,104
Depreciation
+€27,804
Stocks and contracts
+€1,099
Receivables within one year
+€5,700
Deferred charges and accrued income
+€605
Trade debts
-€3,418
Tax, wage and social debts
-€1,141
Other debts
-€2,625
Accrued charges and deferred income
-€1,550
Investment (derived)
+€1,296
Investment in fixed assets (net)
+€1,296
Financing
-€25,488
Debts after one year
-€12,566
Current portion of long-term debt
-€13,097
Short-term financial debts
+€175
Cash 2025
€454
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €488,583 | €451,257 | -€37,325 | -7.6% |
| Fixed assets | 21/28 | €470,654 | €441,554 | -€29,099 | -6.2% |
| Tangible fixed assets | 22/27 | €468,154 | €439,054 | -€29,099 | -6.2% |
| Land and buildings | 22 | €457,225 | €434,000 | -€23,225 | -5.1% |
| Plant, machinery and equipment | 23 | €2,382 | €1,279 | -€1,103 | -46.3% |
| Furniture and vehicles | 24 | €8,547 | €3,775 | -€4,772 | -55.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €17,929 | €9,703 | -€8,226 | -45.9% |
| Stocks and contracts in progress | 3 | €5,037 | €3,938 | -€1,099 | -21.8% |
| Stocks | 30/36 | €5,037 | €3,938 | -€1,099 | -21.8% |
| Amounts receivable within one year | 40/41 | €9,696 | €3,995 | -€5,700 | -58.8% |
| Trade receivables | 40 | €9,696 | €1,635 | -€8,061 | -83.1% |
| Other amounts receivable | 41 | - | €2,361 | +€2,361 | |
| Cash at bank and in hand | 54/58 | €1,276 | €454 | -€822 | -64.4% |
| Deferred charges and accrued income | 490/1 | €1,920 | €1,315 | -€605 | -31.5% |
| Total equity and liabilities | 10/49 | €488,583 | €451,257 | -€37,325 | -7.6% |
| Equity | 10/15 | €110,992 | €107,889 | -€3,104 | -2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €199,084 | €199,084 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,009 | €68,009 | = | 0.0% |
| Distributable reserves | 133 | €124,876 | €124,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,092 | -€153,196 | -€3,104 | -2.1% |
| Amounts payable | 17/49 | €377,590 | €343,369 | -€34,221 | -9.1% |
| Amounts payable after more than one year | 17 | €12,566 | €0 | -€12,566 | -100.0% |
| Financial debts | 170/4 | €12,566 | €0 | -€12,566 | -100.0% |
| Amounts payable within one year | 42/48 | €363,474 | €343,369 | -€20,105 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €25,663 | €12,566 | -€13,097 | -51.0% |
| Financial debts | 43 | €4 | €179 | +€175 | +4408.5% |
| Credit institutions | 430/8 | €4 | €179 | +€175 | +4408.5% |
| Trade debts | 44 | €3,920 | €502 | -€3,418 | -87.2% |
| Suppliers | 440/4 | €3,920 | €502 | -€3,418 | -87.2% |
| Taxes, remuneration and social security | 45 | €2,003 | €862 | -€1,141 | -57.0% |
| Taxes | 450/3 | €2,003 | €862 | -€1,141 | -57.0% |
| Other amounts payable | 47/48 | €331,884 | €329,260 | -€2,625 | -0.8% |
| Accrued charges and deferred income | 492/3 | €1,550 | €0 | -€1,550 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,402 | €27,804 | -€5,599 | -16.8% |
| Other operating charges | 640/8 | €3,538 | €2,916 | -€623 | -17.6% |
| Gross operating margin | 9900 | €27,592 | €28,474 | +€882 | +3.2% |
| Operating profit (loss) | 9901 | -€9,349 | -€2,245 | +€7,103 | +76.0% |
| Financial income | 75/76B | €60 | €230 | +€170 | +285.6% |
| Recurring financial income | 75 | €60 | €230 | +€170 | +285.6% |
| Financial charges | 65/66B | €1,157 | €621 | -€536 | -46.3% |
| Recurring financial charges | 65 | €1,157 | €621 | -€536 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,446 | -€2,636 | +€7,810 | +74.8% |
| Income taxes | 67/77 | €365 | €467 | +€102 | +28.0% |
| Profit (loss) for the period | 9904 | -€10,811 | -€3,104 | +€7,708 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,811 | -€3,104 | +€7,708 | +71.3% |
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 9 October 2026 via checked.be.