CAERTS EN CAERTS: 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.
CAERTS EN CAERTS
Largest movements
- Receivables within one year +€17,878
up €17,878 (+63.0%), from €28,371 to €46,249
of which Other amounts receivable: +€17,878
- Tangible fixed assets -€13,073
down €13,073 (-22.6%), from €57,846 to €44,773
- Deferred charges and accrued income +€8,308
new in 2025: €8,308
- Cash -€6,063
down €6,063 (-11.3%), from €53,877 to €47,814
mainly Receivables within one year (-€17,878) and Deferred charges and accrued income (-€8,308)
- Reserves +€9,213
up €9,213 (+6.8%), from €135,119 to €144,332
- Trade debts -€3,177
down €3,177 (-39.5%), from €8,051 to €4,873
- Tax, wage and social debts +€2,064
up €2,064 (+103%), from €1,997 to €4,061
- Gross operating margin +€5,489
up €5,489 (+18.9%), from €29,063 to €34,552
- Other operating charges -€3,174
down €3,174 (-64.5%), from €4,921 to €1,747
- Taxes +€1,916
up €1,916 (+214%), from €894 to €2,810
- Financial charges -€1,056
down €1,056 (-48.2%), from €2,192 to €1,136
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 | €190,343 | €197,393 | +€7,050 | +3.7% |
| Fixed assets | 21/28 | €108,096 | €95,023 | -€13,073 | -12.1% |
| Tangible fixed assets | 22/27 | €57,846 | €44,773 | -€13,073 | -22.6% |
| Land and buildings | 22 | €57,846 | €44,773 | -€13,073 | -22.6% |
| Financial fixed assets | 28 | €50,250 | €50,250 | = | 0.0% |
| Current assets | 29/58 | €82,248 | €102,370 | +€20,123 | +24.5% |
| Amounts receivable within one year | 40/41 | €28,371 | €46,249 | +€17,878 | +63.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €28,371 | €46,249 | +€17,878 | +63.0% |
| Cash at bank and in hand | 54/58 | €53,877 | €47,814 | -€6,063 | -11.3% |
| Deferred charges and accrued income | 490/1 | - | €8,308 | +€8,308 | |
| Total equity and liabilities | 10/49 | €190,343 | €197,393 | +€7,050 | +3.7% |
| Equity | 10/15 | €153,711 | €162,924 | +€9,213 | +6.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €135,119 | €144,332 | +€9,213 | +6.8% |
| Distributable reserves | 133 | €135,119 | €144,332 | +€9,213 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,633 | €34,469 | -€2,163 | -5.9% |
| Amounts payable within one year | 42/48 | €36,633 | €34,469 | -€2,163 | -5.9% |
| Trade debts | 44 | €8,051 | €4,873 | -€3,177 | -39.5% |
| Suppliers | 440/4 | €8,051 | €4,873 | -€3,177 | -39.5% |
| Taxes, remuneration and social security | 45 | €1,997 | €4,061 | +€2,064 | +103% |
| Taxes | 450/3 | €1,997 | €4,061 | +€2,064 | +103% |
| Other amounts payable | 47/48 | €26,585 | €25,535 | -€1,050 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,073 | €13,073 | = | 0.0% |
| Other operating charges | 640/8 | €4,921 | €1,747 | -€3,174 | -64.5% |
| Gross operating margin | 9900 | €29,063 | €34,552 | +€5,489 | +18.9% |
| Operating profit (loss) | 9901 | €11,070 | €19,732 | +€8,663 | +78.3% |
| Financial income | 75/76B | €314 | €427 | +€113 | +36.0% |
| Recurring financial income | 75 | €314 | €427 | +€113 | +36.0% |
| Financial charges | 65/66B | €2,192 | €1,136 | -€1,056 | -48.2% |
| Recurring financial charges | 65 | €2,192 | €1,136 | -€1,056 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €9,192 | €19,023 | +€9,831 | +107% |
| Income taxes | 67/77 | €894 | €2,810 | +€1,916 | +214% |
| Profit (loss) for the period | 9904 | €8,298 | €16,213 | +€7,915 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,298 | €16,213 | +€7,915 | +95.4% |
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 17 October 2026 via checked.be.