CARA PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€815,147
up €815,147 (+92.1%), from €885,440 to €1.7m
- Stocks and contracts +€75,000
up €75,000 (+6.8%), from €1.1m to €1.2m
- Cash -€62,199
down €62,199 (-88.6%), from €70,171 to €7,972
mainly Receivables within one year (-€815,147) and Stocks and contracts (-€75,000)
- Short-term financial debts +€852,128
up €852,128 (+50.4%), from €1.7m to €2.5m
- Gross operating margin -€111,990
down €111,990 (-62.1%), from €180,311 to €68,321
- Financial charges -€31,420
down €31,420 (-20.5%), from €153,393 to €121,973
- Taxes -€8,973
down €8,973 (-79.8%), from €11,240 to €2,267
- Financial income -€5,536
down €5,536 (-22.7%), from €24,351 to €18,815
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 | €3,206,197 | €4,007,408 | +€801,210 | +25.0% |
| Fixed assets | 21/28 | €1,123,348 | €1,114,962 | -€8,386 | -0.7% |
| Tangible fixed assets | 22/27 | €1,123,348 | €1,114,962 | -€8,386 | -0.7% |
| Land and buildings | 22 | €1,123,348 | €1,114,962 | -€8,386 | -0.7% |
| Current assets | 29/58 | €2,082,849 | €2,892,445 | +€809,596 | +38.9% |
| Stocks and contracts in progress | 3 | €1,108,658 | €1,183,658 | +€75,000 | +6.8% |
| Stocks | 30/36 | €1,108,658 | €1,183,658 | +€75,000 | +6.8% |
| Amounts receivable within one year | 40/41 | €885,440 | €1,700,587 | +€815,147 | +92.1% |
| Other amounts receivable | 41 | €885,440 | €1,700,587 | +€815,147 | +92.1% |
| Cash at bank and in hand | 54/58 | €70,171 | €7,972 | -€62,199 | -88.6% |
| Deferred charges and accrued income | 490/1 | €18,580 | €228 | -€18,352 | -98.8% |
| Total equity and liabilities | 10/49 | €3,206,197 | €4,007,408 | +€801,210 | +25.0% |
| Equity | 10/15 | €826,174 | €790,193 | -€35,982 | -4.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €326,174 | €290,193 | -€35,982 | -11.0% |
| Non-distributable reserves | 130/1 | €50,000 | - | -€50,000 | |
| Reserves not available under the articles | 1311 | €50,000 | - | -€50,000 | |
| Tax-exempt reserves | 132 | €60,724 | €18,691 | -€42,034 | -69.2% |
| Distributable reserves | 133 | €215,450 | €271,502 | +€56,052 | +26.0% |
| Provisions and deferred taxes | 16 | €20,241 | €6,230 | -€14,011 | -69.2% |
| Deferred taxes | 168 | €20,241 | €6,230 | -€14,011 | -69.2% |
| Amounts payable | 17/49 | €2,359,781 | €3,210,985 | +€851,203 | +36.1% |
| Amounts payable within one year | 42/48 | €2,352,764 | €3,206,124 | +€853,360 | +36.3% |
| Financial debts | 43 | €1,692,198 | €2,544,326 | +€852,128 | +50.4% |
| Credit institutions | 430/8 | €1,692,198 | €2,544,326 | +€852,128 | +50.4% |
| Trade debts | 44 | €1,160 | €126 | -€1,034 | -89.1% |
| Suppliers | 440/4 | €1,160 | €126 | -€1,034 | -89.1% |
| Taxes, remuneration and social security | 45 | €9,526 | €11,793 | +€2,267 | +23.8% |
| Taxes | 450/3 | €9,526 | €11,793 | +€2,267 | +23.8% |
| Other amounts payable | 47/48 | €649,880 | €649,880 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,017 | €4,860 | -€2,157 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,386 | €8,386 | = | 0.0% |
| Other operating charges | 640/8 | €3,896 | €4,503 | +€607 | +15.6% |
| Gross operating margin | 9900 | €180,311 | €68,321 | -€111,990 | -62.1% |
| Operating profit (loss) | 9901 | €168,029 | €55,432 | -€112,597 | -67.0% |
| Financial income | 75/76B | €24,351 | €18,815 | -€5,536 | -22.7% |
| Recurring financial income | 75 | €24,351 | €18,815 | -€5,536 | -22.7% |
| Financial charges | 65/66B | €153,393 | €121,973 | -€31,420 | -20.5% |
| Recurring financial charges | 65 | €153,393 | €121,973 | -€31,420 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €38,988 | -€47,726 | -€86,713 | |
| Transfer from deferred taxes | 780 | €778 | €14,011 | +€13,233 | +1,700% |
| Income taxes | 67/77 | €11,240 | €2,267 | -€8,973 | -79.8% |
| Profit (loss) for the period | 9904 | €28,526 | -€35,982 | -€64,508 | |
| Transfer from tax-exempt reserves | 789 | €2,335 | €42,034 | +€39,698 | +1,700% |
| Profit (loss) for the period to be appropriated | 9905 | €30,861 | €6,052 | -€24,809 | -80.4% |
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 16 October 2026 via checked.be.