CARABI: 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.
What changed
CARABI
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€34,308
2024 · -€109,695+€75,387
Equity
€10.7m
2024 · €10.8m-€34,308
Cash
€392,348
2024 · €1.4m-€977,966
Balance sheet total
€28.1m
2024 · €24.1m+€3.9m
Largest movements
Assets
- Tangible fixed assets +€3.3m
up €3.3m (+37.6%), from €8.7m to €11.9m
of which Land and buildings: +€2.4m
- Cash -€977,966
down €977,966 (-71.4%), from €1.4m to €392,348
mainly Investment in fixed assets (net) (-€4.9m) and Current investments (-€757,999)
- Financial fixed assets +€848,700
up €848,700 (+25.0%), from €3.4m to €4.2m
- Current investments +€757,999
up €757,999 (+10.8%), from €7.0m to €7.8m
Equity and liabilities
- Debts after one year +€3.0m
up €3.0m (+48.2%), from €6.2m to €9.2m
of which Financial debts: +€3.0m
- Short-term financial debts +€1.2m
new in 2025: €1.2m
Income statement
- Financial income +€736,892
up €736,892 (+329%), from €223,670 to €960,562
of which Financial income: +€719,719
- Depreciation +€426,518
up €426,518 (+113%), from €378,003 to €804,521
- Financial charges +€188,353
up €188,353 (+32.0%), from €588,670 to €777,023
- Taxes +€99,996
up €99,996, from -€2,587 to €97,409
- Gross operating margin +€79,588
up €79,588 (+11.1%), from €715,132 to €794,720
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.
Result 2024
-€109,695
Gross operating margin
+€79,588
Depreciation
-€426,518
Other operating charges
-€26,225
Financial income
+€736,892
Financial charges
-€188,353
Taxes
-€99,996
Result 2025
-€34,308
raises the resultlowers the result
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.
From operations
+€528,124
Investment
-€5.7m
Financing
+€4.2m
Cash 2024
€1.4m
From operations (derived)
+€528,124
Net result for the year
-€34,308
Depreciation
+€804,521
Receivables after one year
-€50,000
Smaller working-capital items
+€22,799
Provisions
-€79,982
Trade debts
-€29,957
Other debts
-€104,948
Investment (derived)
-€5.7m
Investment in fixed assets (net)
-€4.9m
Current investments
-€757,999
Financing
+€4.2m
Debts after one year
+€3.0m
Current portion of long-term debt
+€5,831
Short-term financial debts
+€1.2m
Cash 2025
€392,348
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,137,555 | €28,062,487 | +€3.9m | +16.3% |
| Fixed assets | 21/28 | €12,072,490 | €16,181,423 | +€4.1m | +34.0% |
| Tangible fixed assets | 22/27 | €8,680,103 | €11,940,336 | +€3.3m | +37.6% |
| Land and buildings | 22 | €6,476,049 | €8,902,445 | +€2.4m | +37.5% |
| Plant, machinery and equipment | 23 | €1,118,070 | €2,024,689 | +€906,619 | +81.1% |
| Furniture and vehicles | 24 | €276,778 | €260,111 | -€16,667 | -6.0% |
| Leasing and similar rights | 25 | €389,057 | €357,256 | -€31,802 | -8.2% |
| Other tangible fixed assets | 26 | €420,149 | €395,836 | -€24,314 | -5.8% |
| Financial fixed assets | 28 | €3,392,386 | €4,241,086 | +€848,700 | +25.0% |
| Current assets | 29/58 | €12,065,065 | €11,881,065 | -€184,000 | -1.5% |
| Amounts receivable after more than one year | 29 | €3,500,000 | €3,550,000 | +€50,000 | +1.4% |
| Other amounts receivable | 291 | €3,500,000 | €3,550,000 | +€50,000 | +1.4% |
| Amounts receivable within one year | 40/41 | €94,206 | €83,331 | -€10,875 | -11.5% |
| Trade receivables | 40 | €93,562 | €83,323 | -€10,239 | -10.9% |
| Other amounts receivable | 41 | €645 | €8 | -€636 | -98.7% |
| Current investments | 50/53 | €7,036,121 | €7,794,120 | +€757,999 | +10.8% |
| Cash at bank and in hand | 54/58 | €1,370,314 | €392,348 | -€977,966 | -71.4% |
| Deferred charges and accrued income | 490/1 | €64,424 | €61,265 | -€3,159 | -4.9% |
| Total equity and liabilities | 10/49 | €24,137,555 | €28,062,487 | +€3.9m | +16.3% |
| Equity | 10/15 | €10,757,973 | €10,723,665 | -€34,308 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,737,513 | €10,703,205 | -€34,308 | -0.3% |
| Provisions and deferred taxes | 16 | €6,485,418 | €6,405,436 | -€79,982 | -1.2% |
| Provisions for liabilities and charges | 160/5 | €6,485,418 | €6,405,436 | -€79,982 | -1.2% |
| Environmental obligations | 163 | €6,485,418 | - | -€6.5m | |
| Other liabilities and charges | 164/5 | - | €6,405,436 | +€6.4m | |
| Amounts payable | 17/49 | €6,894,164 | €10,933,386 | +€4.0m | +58.6% |
| Amounts payable after more than one year | 17 | €6,174,484 | €9,152,816 | +€3.0m | +48.2% |
| Financial debts | 170/4 | €6,087,999 | €9,071,765 | +€3.0m | +49.0% |
| Other amounts payable | 178/9 | €86,485 | €81,052 | -€5,433 | -6.3% |
| Amounts payable within one year | 42/48 | €717,333 | €1,778,974 | +€1.1m | +148% |
| Current portion of amounts payable after more than one year | 42 | €250,617 | €256,448 | +€5,831 | +2.3% |
| Financial debts | 43 | - | €1,181,200 | +€1.2m | |
| Credit institutions | 430/8 | - | €1,181,200 | +€1.2m | |
| Trade debts | 44 | €45,153 | €15,196 | -€29,957 | -66.3% |
| Suppliers | 440/4 | €45,153 | €15,196 | -€29,957 | -66.3% |
| Taxes, remuneration and social security | 45 | €57,485 | €67,001 | +€9,516 | +16.6% |
| Taxes | 450/3 | €51,285 | €67,001 | +€15,716 | +30.6% |
| Remuneration and social security | 454/9 | €6,200 | - | -€6,200 | |
| Other amounts payable | 47/48 | €364,078 | €259,129 | -€104,948 | -28.8% |
| Accrued charges and deferred income | 492/3 | €2,347 | €1,595 | -€752 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378,003 | €804,521 | +€426,518 | +113% |
| Other operating charges | 640/8 | €84,411 | €110,636 | +€26,225 | +31.1% |
| Gross operating margin | 9900 | €715,132 | €794,720 | +€79,588 | +11.1% |
| Operating profit (loss) | 9901 | €252,718 | -€120,438 | -€373,155 | |
| Financial income | 75/76B | €223,670 | €960,562 | +€736,892 | +329% |
| Recurring financial income | 75 | €160,861 | €880,580 | +€719,719 | +447% |
| Non-recurring financial income | 76B | €62,809 | €79,982 | +€17,173 | +27.3% |
| Financial charges | 65/66B | €588,670 | €777,023 | +€188,353 | +32.0% |
| Recurring financial charges | 65 | €588,670 | €777,023 | +€188,353 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | -€112,282 | €63,101 | +€175,384 | |
| Income taxes | 67/77 | -€2,587 | €97,409 | +€99,996 | |
| Profit (loss) for the period | 9904 | -€109,695 | -€34,308 | +€75,387 | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,695 | -€34,308 | +€75,387 | +68.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.