CARA EVENT: what changed
Two fiscal 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 EVENT
Largest movements
- Receivables within one year -€32,586
down €32,586 (-91.0%), from €35,821 to €3,234
- Tangible fixed assets -€13,304
down €13,304 (-10.1%), from €131,092 to €117,788
of which Other tangible fixed assets: -€15,951
- Intangible fixed assets +€4,328
up €4,328 (+463.7%), from €933 to €5,261
- Stocks and contracts -€4,200
down €4,200 (-7.5%), from €56,303 to €52,103
- Trade debts -€35,085
down €35,085 (-51.3%), from €68,441 to €33,356
- Other debts -€21,380
down €21,380 (-25.3%), from €84,420 to €63,040
- Tax, wage and social debts +€7,055
up €7,055 (+40.4%), from €17,446 to €24,502
of which Remuneration and social security: +€4,662
- Profit (loss) carried forward +€4,678
up €4,678 (+79.2%), from €5,904 to €10,582
- Staff costs +€5,552
up €5,552 (+11.3%), from €49,314 to €54,866
- Financial charges -€4,013
down €4,013 (-25.4%), from €15,823 to €11,810
- Taxes +€2,762
new in 2025: €2,762
- Depreciation -€2,702
down €2,702 (-10.1%), from €26,692 to €23,990
- Gross operating margin -€2,087
down €2,087 (-2.1%), from €100,961 to €98,873
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,193 | €186,311 | -€44,881 | -19.4% |
| Fixed assets | 21/28 | €133,275 | €124,299 | -€8,976 | -6.7% |
| Intangible fixed assets | 21 | €933 | €5,261 | +€4,328 | +463.7% |
| Tangible fixed assets | 22/27 | €131,092 | €117,788 | -€13,304 | -10.1% |
| Plant, machinery and equipment | 23 | €496 | €152 | -€344 | -69.3% |
| Furniture and vehicles | 24 | €3,407 | €6,399 | +€2,991 | +87.8% |
| Other tangible fixed assets | 26 | €127,188 | €111,237 | -€15,951 | -12.5% |
| Financial fixed assets | 28 | €1,249 | €1,249 | = | 0.0% |
| Current assets | 29/58 | €97,918 | €62,013 | -€35,905 | -36.7% |
| Stocks and contracts in progress | 3 | €56,303 | €52,103 | -€4,200 | -7.5% |
| Stocks | 30/36 | €56,303 | €52,103 | -€4,200 | -7.5% |
| Amounts receivable within one year | 40/41 | €35,821 | €3,234 | -€32,586 | -91.0% |
| Trade receivables | 40 | €35,821 | €3,234 | -€32,586 | -91.0% |
| Cash at bank and in hand | 54/58 | €1,837 | €3,183 | +€1,347 | +73.3% |
| Deferred charges and accrued income | 490/1 | €3,958 | €3,493 | -€465 | -11.8% |
| Total equity and liabilities | 10/49 | €231,193 | €186,311 | -€44,881 | -19.4% |
| Equity | 10/15 | €26,747 | €31,425 | +€4,678 | +17.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,252 | €2,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,252 | €2,252 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,252 | €2,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,904 | €10,582 | +€4,678 | +79.2% |
| Amounts payable | 17/49 | €204,445 | €154,886 | -€49,559 | -24.2% |
| Amounts payable within one year | 42/48 | €204,445 | €154,886 | -€49,559 | -24.2% |
| Financial debts | 43 | €34,138 | €33,989 | -€149 | -0.4% |
| Credit institutions | 430/8 | €34,138 | €33,989 | -€149 | -0.4% |
| Trade debts | 44 | €68,441 | €33,356 | -€35,085 | -51.3% |
| Suppliers | 440/4 | €68,441 | €33,356 | -€35,085 | -51.3% |
| Taxes, remuneration and social security | 45 | €17,446 | €24,502 | +€7,055 | +40.4% |
| Taxes | 450/3 | €10,519 | €12,912 | +€2,393 | +22.8% |
| Remuneration and social security | 454/9 | €6,928 | €11,590 | +€4,662 | +67.3% |
| Other amounts payable | 47/48 | €84,420 | €63,040 | -€21,380 | -25.3% |
| Remuneration, social security and pensions | 62 | €49,314 | €54,866 | +€5,552 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,692 | €23,990 | -€2,702 | -10.1% |
| Other operating charges | 640/8 | €3,288 | €2,433 | -€855 | -26.0% |
| Gross operating margin | 9900 | €100,961 | €98,873 | -€2,087 | -2.1% |
| Operating profit (loss) | 9901 | €21,666 | €17,584 | -€4,082 | -18.8% |
| Financial income | 75/76B | €3 | €1,666 | +€1,663 | +47773.0% |
| Recurring financial income | 75 | €3 | €1,666 | +€1,663 | +47773.0% |
| Financial charges | 65/66B | €15,823 | €11,810 | -€4,013 | -25.4% |
| Recurring financial charges | 65 | €15,823 | €11,810 | -€4,013 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €5,846 | €7,440 | +€1,594 | +27.3% |
| Income taxes | 67/77 | - | €2,762 | +€2,762 | |
| Profit (loss) for the period | 9904 | €5,846 | €4,678 | -€1,168 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,846 | €4,678 | -€1,168 | -20.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.