CARA: 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.
CARA
Largest movements
- Cash +€530,225
new in 2024: €530,225
mainly Advances received (+€529,761) and Net result for the year (+€95,663)
- Receivables within one year +€156,926
up €156,926 (+128%), from €122,811 to €279,737
of which Other amounts receivable: +€164,883
- Stocks and contracts +€21,860
up €21,860 (+9.4%), from €232,839 to €254,699
- Advances received +€529,761
up €529,761 (+178%), from €297,597 to €827,358
- Profit (loss) carried forward +€98,892
up €98,892 (+50.3%), from -€196,482 to -€97,591
- Trade debts +€55,296
up €55,296 (+86.9%), from €63,635 to €118,931
- Tax, wage and social debts +€15,935
up €15,935 (+94.7%), from €16,820 to €32,755
of which Taxes: +€19,025
- Gross operating margin +€200,289
up €200,289 (+13,627%), from €1,470 to €201,759
- Taxes -€9,537
down €9,537 (-22.6%), from €42,292 to €32,755
- Financial charges +€8,134
up €8,134 (+67.0%), from €12,141 to €20,275
- Staff costs +€4,635
up €4,635 (+14.0%), from €32,997 to €37,632
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €739,123 | €1,434,116 | +€694,993 | +94.0% |
| Fixed assets | 21/28 | €383,135 | €369,455 | -€13,680 | -3.6% |
| Tangible fixed assets | 22/27 | €383,135 | €369,455 | -€13,680 | -3.6% |
| Land and buildings | 22 | €383,135 | €369,455 | -€13,680 | -3.6% |
| Current assets | 29/58 | €355,988 | €1,064,661 | +€708,673 | +199% |
| Stocks and contracts in progress | 3 | €232,839 | €254,699 | +€21,860 | +9.4% |
| Stocks | 30/36 | €232,839 | €254,699 | +€21,860 | +9.4% |
| Amounts receivable within one year | 40/41 | €122,811 | €279,737 | +€156,926 | +128% |
| Trade receivables | 40 | €87,949 | €79,992 | -€7,957 | -9.0% |
| Other amounts receivable | 41 | €34,862 | €199,746 | +€164,883 | +473% |
| Cash at bank and in hand | 54/58 | - | €530,225 | +€530,225 | |
| Deferred charges and accrued income | 490/1 | €338 | - | -€338 | |
| Total equity and liabilities | 10/49 | €739,123 | €1,434,116 | +€694,993 | +94.0% |
| Equity | 10/15 | €194,730 | €290,393 | +€95,663 | +49.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €329,238 | €326,010 | -€3,229 | -1.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €323,041 | €319,813 | -€3,229 | -1.0% |
| Profit (loss) carried forward | 14 | -€196,482 | -€97,591 | +€98,892 | +50.3% |
| Provisions and deferred taxes | 16 | €166,341 | €164,679 | -€1,662 | -1.0% |
| Deferred taxes | 168 | €166,341 | €164,679 | -€1,662 | -1.0% |
| Amounts payable | 17/49 | €378,053 | €979,045 | +€600,993 | +159% |
| Amounts payable within one year | 42/48 | €378,053 | €979,045 | +€600,993 | +159% |
| Trade debts | 44 | €63,635 | €118,931 | +€55,296 | +86.9% |
| Suppliers | 440/4 | €63,635 | €118,931 | +€55,296 | +86.9% |
| Advances received on contracts in progress | 46 | €297,597 | €827,358 | +€529,761 | +178% |
| Taxes, remuneration and social security | 45 | €16,820 | €32,755 | +€15,935 | +94.7% |
| Taxes | 450/3 | €13,730 | €32,755 | +€19,025 | +139% |
| Remuneration and social security | 454/9 | €3,090 | - | -€3,090 | |
| Remuneration, social security and pensions | 62 | €32,997 | €37,632 | +€4,635 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,744 | €13,680 | -€64 | -0.5% |
| Other operating charges | 640/8 | €2,687 | €3,415 | +€728 | +27.1% |
| Gross operating margin | 9900 | €1,470 | €201,759 | +€200,289 | +13,627% |
| Operating profit (loss) | 9901 | -€47,958 | €147,031 | +€194,990 | |
| Financial charges | 65/66B | €12,141 | €20,275 | +€8,134 | +67.0% |
| Recurring financial charges | 65 | €12,141 | €20,275 | +€8,134 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | -€60,100 | €126,756 | +€186,856 | |
| Transfer from deferred taxes | 780 | €1,662 | €1,662 | = | 0.0% |
| Income taxes | 67/77 | €42,292 | €32,755 | -€9,537 | -22.6% |
| Profit (loss) for the period | 9904 | -€100,730 | €95,663 | +€196,393 | |
| Transfer from tax-exempt reserves | 789 | €3,229 | €3,229 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,501 | €98,892 | +€196,393 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.