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
- Tangible fixed assets +€52,335
up €52,335 (+465%), from €11,257 to €63,592
of which Furniture and vehicles: +€52,579
- Current investments +€46,000
up €46,000 (+70.8%), from €65,000 to €111,000
- Cash +€6,090
up €6,090 (+13.6%), from €44,753 to €50,843
mainly Net result for the year (+€75,307) and Tax, wage and social debts (+€31,716)
- Reserves +€75,307
up €75,307 (+65.1%), from €115,719 to €191,026
- Tax, wage and social debts +€31,716
up €31,716 (+149%), from €21,312 to €53,027
- Gross operating margin +€61,800
up €61,800 (+116%), from €53,467 to €115,267
- Taxes +€20,043
up €20,043 (+172%), from €11,651 to €31,695
- Depreciation +€4,523
up €4,523 (+437%), from €1,036 to €5,559
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 | €146,097 | €251,880 | +€105,783 | +72.4% |
| Fixed assets | 21/28 | €11,257 | €63,592 | +€52,335 | +465% |
| Tangible fixed assets | 22/27 | €11,257 | €63,592 | +€52,335 | +465% |
| Plant, machinery and equipment | 23 | €896 | €652 | -€243 | -27.2% |
| Furniture and vehicles | 24 | €10,361 | €62,940 | +€52,579 | +507% |
| Current assets | 29/58 | €134,840 | €188,288 | +€53,448 | +39.6% |
| Amounts receivable within one year | 40/41 | €22,114 | €23,432 | +€1,319 | +6.0% |
| Trade receivables | 40 | €22,029 | €23,203 | +€1,174 | +5.3% |
| Other amounts receivable | 41 | €85 | €230 | +€145 | +171% |
| Current investments | 50/53 | €65,000 | €111,000 | +€46,000 | +70.8% |
| Cash at bank and in hand | 54/58 | €44,753 | €50,843 | +€6,090 | +13.6% |
| Deferred charges and accrued income | 490/1 | €2,973 | €3,012 | +€39 | +1.3% |
| Total equity and liabilities | 10/49 | €146,097 | €251,880 | +€105,783 | +72.4% |
| Equity | 10/15 | €118,719 | €194,026 | +€75,307 | +63.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €115,719 | €191,026 | +€75,307 | +65.1% |
| Distributable reserves | 133 | €115,719 | €191,026 | +€75,307 | +65.1% |
| Amounts payable | 17/49 | €27,378 | €57,854 | +€30,476 | +111% |
| Amounts payable within one year | 42/48 | €27,378 | €57,854 | +€30,476 | +111% |
| Financial debts | 43 | €1,903 | €1,304 | -€599 | -31.5% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €1,903 | €1,304 | -€599 | -31.5% |
| Trade debts | 44 | €3,998 | €2,914 | -€1,085 | -27.1% |
| Suppliers | 440/4 | €3,998 | €2,914 | -€1,085 | -27.1% |
| Taxes, remuneration and social security | 45 | €21,312 | €53,027 | +€31,716 | +149% |
| Taxes | 450/3 | €21,312 | €53,027 | +€31,716 | +149% |
| Other amounts payable | 47/48 | €165 | €610 | +€444 | +269% |
| Non-recurring operating income | 76A | - | €15,779 | +€15,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,036 | €5,559 | +€4,523 | +437% |
| Other operating charges | 640/8 | €1,726 | €1,127 | -€600 | -34.7% |
| Gross operating margin | 9900 | €53,467 | €115,267 | +€61,800 | +116% |
| Operating profit (loss) | 9901 | €50,706 | €108,582 | +€57,876 | +114% |
| Financial income | 75/76B | €923 | €867 | -€57 | -6.1% |
| Recurring financial income | 75 | €923 | €867 | -€57 | -6.1% |
| Financial charges | 65/66B | €3,056 | €2,447 | -€609 | -19.9% |
| Recurring financial charges | 65 | €3,056 | €2,447 | -€609 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €48,573 | €107,001 | +€58,429 | +120% |
| Income taxes | 67/77 | €11,651 | €31,695 | +€20,043 | +172% |
| Profit (loss) for the period | 9904 | €36,921 | €75,307 | +€38,385 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €36,921 | €75,307 | +€38,385 | +104% |
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 18 October 2026 via checked.be.