CARA Group: 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 Group
Largest movements
- Tangible fixed assets +€410,288
up €410,288 (+106.1%), from €386,522 to €796,810
- Cash -€9,925
down €9,925 (-46.9%), from €21,175 to €11,249
mainly Investment in fixed assets (net) (-€439,224) and Net result for the year (-€21,153)
- Other debts +€436,818
up €436,818 (+4153.1%), from €10,518 to €447,336
- Profit (loss) carried forward -€21,153
down €21,153 (-55.8%), from -€37,895 to -€59,048
- Debts after one year -€18,760
down €18,760 (-5.9%), from €315,536 to €296,776
- Depreciation +€12,061
up €12,061 (+71.5%), from €16,875 to €28,936
- Gross operating margin -€1,980
down €1,980 (-10.8%), from €18,299 to €16,319
- Other operating charges +€1,112
up €1,112 (+35.5%), from €3,137 to €4,249
- Financial charges -€224
down €224 (-5.0%), from €4,511 to €4,288
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 | €407,697 | €808,059 | +€400,362 | +98.2% |
| Fixed assets | 21/28 | €386,522 | €796,810 | +€410,288 | +106.1% |
| Tangible fixed assets | 22/27 | €386,522 | €796,810 | +€410,288 | +106.1% |
| Land and buildings | 22 | €386,522 | €796,810 | +€410,288 | +106.1% |
| Current assets | 29/58 | €21,175 | €11,249 | -€9,925 | -46.9% |
| Cash at bank and in hand | 54/58 | €21,175 | €11,249 | -€9,925 | -46.9% |
| Total equity and liabilities | 10/49 | €407,697 | €808,059 | +€400,362 | +98.2% |
| Equity | 10/15 | €62,105 | €40,952 | -€21,153 | -34.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,895 | -€59,048 | -€21,153 | -55.8% |
| Amounts payable | 17/49 | €345,592 | €767,107 | +€421,516 | +122.0% |
| Amounts payable after more than one year | 17 | €315,536 | €296,776 | -€18,760 | -5.9% |
| Financial debts | 170/4 | €315,536 | €296,776 | -€18,760 | -5.9% |
| Amounts payable within one year | 42/48 | €30,056 | €470,331 | +€440,275 | +1464.9% |
| Current portion of amounts payable after more than one year | 42 | €18,523 | €18,760 | +€237 | +1.3% |
| Trade debts | 44 | €1,015 | €4,235 | +€3,221 | +317.4% |
| Suppliers | 440/4 | €1,015 | €4,235 | +€3,221 | +317.4% |
| Other amounts payable | 47/48 | €10,518 | €447,336 | +€436,818 | +4153.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,875 | €28,936 | +€12,061 | +71.5% |
| Other operating charges | 640/8 | €3,137 | €4,249 | +€1,112 | +35.5% |
| Gross operating margin | 9900 | €18,299 | €16,319 | -€1,980 | -10.8% |
| Operating profit (loss) | 9901 | -€1,712 | -€16,866 | -€15,153 | -885.0% |
| Financial charges | 65/66B | €4,511 | €4,288 | -€224 | -5.0% |
| Recurring financial charges | 65 | €4,511 | €4,288 | -€224 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,224 | -€21,153 | -€14,930 | -239.9% |
| Profit (loss) for the period | 9904 | -€6,224 | -€21,153 | -€14,930 | -239.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,224 | -€21,153 | -€14,930 | -239.9% |
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 10 October 2026 via checked.be.