Cara Rosa: 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 Rosa
Largest movements
- Stocks and contracts +€30,990
up €30,990 (+243%), from €12,735 to €43,725
- Receivables within one year +€10,043
up €10,043 (+14.2%), from €70,482 to €80,524
of which Trade receivables: +€10,043
- Deferred charges and accrued income -€6,068
down €6,068 (-86.3%), from €7,028 to €960
- Tangible fixed assets +€5,104
up €5,104 (+457%), from €1,118 to €6,222
- Trade debts +€15,177
up €15,177 (+1,384%), from €1,097 to €16,273
- Other debts +€13,648
up €13,648 (+23.2%), from €58,927 to €72,575
- Accrued charges and deferred income +€6,458
new in 2025: €6,458
- Reserves +€4,850
up €4,850 (+51.0%), from €9,510 to €14,360
- Tax, wage and social debts -€1,483
down €1,483 (-15.0%), from €9,889 to €8,406
of which Taxes: -€1,483
- Gross operating margin +€13,380
up €13,380, from -€4,129 to €9,251
- Depreciation +€599
up €599 (+83.9%), from €714 to €1,313
- Financial income -€442
down €442 (-85.5%), from €517 to €75
- Financial charges +€422
up €422 (+29.5%), from €1,429 to €1,851
- Other operating charges +€184
up €184 (+18.8%), from €977 to €1,160
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 | €98,024 | €136,672 | +€38,648 | +39.4% |
| Fixed assets | 21/28 | €1,715 | €6,339 | +€4,624 | +270% |
| Intangible fixed assets | 21 | €597 | €117 | -€480 | -80.4% |
| Tangible fixed assets | 22/27 | €1,118 | €6,222 | +€5,104 | +457% |
| Furniture and vehicles | 24 | €1,118 | €6,222 | +€5,104 | +457% |
| Current assets | 29/58 | €96,309 | €130,333 | +€34,024 | +35.3% |
| Stocks and contracts in progress | 3 | €12,735 | €43,725 | +€30,990 | +243% |
| Stocks | 30/36 | €12,735 | €43,725 | +€30,990 | +243% |
| Amounts receivable within one year | 40/41 | €70,482 | €80,524 | +€10,043 | +14.2% |
| Trade receivables | 40 | €70,482 | €80,524 | +€10,043 | +14.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,065 | €5,124 | -€941 | -15.5% |
| Deferred charges and accrued income | 490/1 | €7,028 | €960 | -€6,068 | -86.3% |
| Total equity and liabilities | 10/49 | €98,024 | €136,672 | +€38,648 | +39.4% |
| Equity | 10/15 | €28,110 | €32,960 | +€4,850 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,510 | €14,360 | +€4,850 | +51.0% |
| Distributable reserves | 133 | €9,510 | €14,360 | +€4,850 | +51.0% |
| Amounts payable | 17/49 | €69,913 | €103,712 | +€33,799 | +48.3% |
| Amounts payable within one year | 42/48 | €69,913 | €97,254 | +€27,341 | +39.1% |
| Trade debts | 44 | €1,097 | €16,273 | +€15,177 | +1,384% |
| Suppliers | 440/4 | €1,097 | €16,273 | +€15,177 | +1,384% |
| Taxes, remuneration and social security | 45 | €9,889 | €8,406 | -€1,483 | -15.0% |
| Taxes | 450/3 | €8,639 | €7,156 | -€1,483 | -17.2% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €58,927 | €72,575 | +€13,648 | +23.2% |
| Accrued charges and deferred income | 492/3 | - | €6,458 | +€6,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €714 | €1,313 | +€599 | +83.9% |
| Other operating charges | 640/8 | €977 | €1,160 | +€184 | +18.8% |
| Gross operating margin | 9900 | -€4,129 | €9,251 | +€13,380 | |
| Operating profit (loss) | 9901 | -€5,820 | €6,777 | +€12,597 | |
| Financial income | 75/76B | €517 | €75 | -€442 | -85.5% |
| Recurring financial income | 75 | €517 | €75 | -€442 | -85.5% |
| Financial charges | 65/66B | €1,429 | €1,851 | +€422 | +29.5% |
| Recurring financial charges | 65 | €1,429 | €1,851 | +€422 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,732 | €5,001 | +€11,734 | |
| Income taxes | 67/77 | €0 | €152 | +€152 | |
| Profit (loss) for the period | 9904 | -€6,732 | €4,850 | +€11,582 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,732 | €4,850 | +€11,582 |
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.