CARAAT: 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.
CARAAT
Largest movements
- Cash -€68,696
down €68,696 (-56.4%), from €121,788 to €53,092
mainly Contributions, distributions and other (-€44,722) and Tax, wage and social debts (-€36,328)
- Tangible fixed assets -€42,620
down €42,620 (-28.1%), from €151,884 to €109,264
of which Furniture and vehicles: -€51,364
- Receivables within one year -€5,154
down €5,154 (-26.1%), from €19,717 to €14,562
of which Trade receivables: -€8,731
- Reserves -€44,722
down €44,722 (-19.8%), from €225,553 to €180,831
- Tax, wage and social debts -€36,328
down €36,328 (-65.4%), from €55,570 to €19,242
of which Taxes: -€32,753
- Profit (loss) carried forward -€30,465
new in 2025: -€30,465
- Trade debts -€14,340
down €14,340 (-91.8%), from €15,621 to €1,281
- Accrued charges and deferred income +€8,540
new in 2025: €8,540
- Gross operating margin -€60,793
down €60,793 (-89.9%), from €67,606 to €6,813
- Other operating charges +€17,070
up €17,070 (+533%), from €3,205 to €20,275
- Taxes -€12,461
down €12,461 (-97.8%), from €12,741 to €280
- Depreciation -€7,764
down €7,764 (-33.6%), from €23,080 to €15,316
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 | €306,887 | €190,745 | -€116,142 | -37.8% |
| Fixed assets | 21/28 | €162,635 | €121,224 | -€41,410 | -25.5% |
| Intangible fixed assets | 21 | €10,751 | €11,961 | +€1,210 | +11.3% |
| Tangible fixed assets | 22/27 | €151,884 | €109,264 | -€42,620 | -28.1% |
| Land and buildings | 22 | €66,732 | €72,777 | +€6,044 | +9.1% |
| Plant, machinery and equipment | 23 | €6,847 | €9,546 | +€2,699 | +39.4% |
| Furniture and vehicles | 24 | €78,305 | €26,941 | -€51,364 | -65.6% |
| Current assets | 29/58 | €144,252 | €69,521 | -€74,732 | -51.8% |
| Amounts receivable within one year | 40/41 | €19,717 | €14,562 | -€5,154 | -26.1% |
| Trade receivables | 40 | €17,685 | €8,954 | -€8,731 | -49.4% |
| Other amounts receivable | 41 | €2,031 | €5,608 | +€3,577 | +176% |
| Cash at bank and in hand | 54/58 | €121,788 | €53,092 | -€68,696 | -56.4% |
| Deferred charges and accrued income | 490/1 | €2,748 | €1,867 | -€881 | -32.1% |
| Total equity and liabilities | 10/49 | €306,887 | €190,745 | -€116,142 | -37.8% |
| Equity | 10/15 | €229,553 | €154,366 | -€75,187 | -32.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €225,553 | €180,831 | -€44,722 | -19.8% |
| Distributable reserves | 133 | €225,553 | €180,831 | -€44,722 | -19.8% |
| Profit (loss) carried forward | 14 | - | -€30,465 | -€30,465 | |
| Amounts payable | 17/49 | €77,334 | €36,379 | -€40,955 | -53.0% |
| Amounts payable within one year | 42/48 | €77,334 | €27,839 | -€49,495 | -64.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €15,621 | €1,281 | -€14,340 | -91.8% |
| Suppliers | 440/4 | €15,621 | €1,281 | -€14,340 | -91.8% |
| Advances received on contracts in progress | 46 | €1,210 | €0 | -€1,210 | -100% |
| Taxes, remuneration and social security | 45 | €55,570 | €19,242 | -€36,328 | -65.4% |
| Taxes | 450/3 | €51,995 | €19,242 | -€32,753 | -63.0% |
| Remuneration and social security | 454/9 | €3,575 | €0 | -€3,575 | -100% |
| Other amounts payable | 47/48 | €4,934 | €7,317 | +€2,383 | +48.3% |
| Accrued charges and deferred income | 492/3 | - | €8,540 | +€8,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,080 | €15,316 | -€7,764 | -33.6% |
| Other operating charges | 640/8 | €3,205 | €20,275 | +€17,070 | +533% |
| Gross operating margin | 9900 | €67,606 | €6,813 | -€60,793 | -89.9% |
| Operating profit (loss) | 9901 | €41,321 | -€28,779 | -€70,099 | |
| Financial income | 75/76B | €1,037 | €663 | -€373 | -36.0% |
| Recurring financial income | 75 | €1,037 | €663 | -€373 | -36.0% |
| Financial charges | 65/66B | €2,617 | €2,069 | -€548 | -20.9% |
| Recurring financial charges | 65 | €2,617 | €2,069 | -€548 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €39,740 | -€30,185 | -€69,925 | |
| Income taxes | 67/77 | €12,741 | €280 | -€12,461 | -97.8% |
| Profit (loss) for the period | 9904 | €26,999 | -€30,465 | -€57,464 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,999 | -€30,465 | -€57,464 |
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 16 October 2026 via checked.be.