CARAC: what changed
Two fiscal 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.
CARAC
Largest movements
- Cash +€22,558
up €22,558 (+33.1%), from €68,056 to €90,614
mainly Depreciation (+€14,855) and Receivables within one year (+€13,272)
- Receivables within one year -€13,272
down €13,272 (-30.2%), from €43,910 to €30,638
of which Trade receivables: -€11,451
- Tangible fixed assets -€10,017
down €10,017 (-11.7%), from €85,671 to €75,654
of which Furniture and vehicles: -€7,904
- Tax, wage and social debts -€4,485
down €4,485 (-56.6%), from €7,919 to €3,434
- Reserves +€4,397
up €4,397 (+1.7%), from €255,260 to €259,657
of which Distributable reserves: +€4,397
- Gross operating margin -€4,224
down €4,224 (-16.1%), from €26,270 to €22,046
- Taxes -€3,195
down €3,195 (-60.0%), from €5,327 to €2,132
- Depreciation +€1,013
up €1,013 (+7.3%), from €13,842 to €14,855
- Financial income +€708
up €708 (+1335.0%), from €53 to €762
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 | €284,686 | €283,956 | -€730 | -0.3% |
| Fixed assets | 21/28 | €85,720 | €75,703 | -€10,017 | -11.7% |
| Tangible fixed assets | 22/27 | €85,671 | €75,654 | -€10,017 | -11.7% |
| Land and buildings | 22 | €5,296 | €3,604 | -€1,692 | -31.9% |
| Plant, machinery and equipment | 23 | €21,392 | €20,971 | -€422 | -2.0% |
| Furniture and vehicles | 24 | €58,983 | €51,079 | -€7,904 | -13.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €198,966 | €208,253 | +€9,287 | +4.7% |
| Amounts receivable within one year | 40/41 | €43,910 | €30,638 | -€13,272 | -30.2% |
| Trade receivables | 40 | €16,011 | €4,560 | -€11,451 | -71.5% |
| Other amounts receivable | 41 | €27,899 | €26,078 | -€1,821 | -6.5% |
| Current investments | 50/53 | €87,000 | €87,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,056 | €90,614 | +€22,558 | +33.1% |
| Total equity and liabilities | 10/49 | €284,686 | €283,956 | -€730 | -0.3% |
| Equity | 10/15 | €273,860 | €278,257 | +€4,397 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,260 | €259,657 | +€4,397 | +1.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €253,400 | €257,797 | +€4,397 | +1.7% |
| Amounts payable | 17/49 | €10,826 | €5,699 | -€5,127 | -47.4% |
| Amounts payable within one year | 42/48 | €10,826 | €5,699 | -€5,127 | -47.4% |
| Trade debts | 44 | €2,906 | €2,264 | -€642 | -22.1% |
| Suppliers | 440/4 | €2,906 | €2,264 | -€642 | -22.1% |
| Taxes, remuneration and social security | 45 | €7,919 | €3,434 | -€4,485 | -56.6% |
| Taxes | 450/3 | €7,919 | €3,434 | -€4,485 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,842 | €14,855 | +€1,013 | +7.3% |
| Other operating charges | 640/8 | €1,293 | €1,242 | -€51 | -3.9% |
| Gross operating margin | 9900 | €26,270 | €22,046 | -€4,224 | -16.1% |
| Operating profit (loss) | 9901 | €11,135 | €5,948 | -€5,187 | -46.6% |
| Financial income | 75/76B | €53 | €762 | +€708 | +1335.0% |
| Recurring financial income | 75 | €53 | €762 | +€708 | +1335.0% |
| Financial charges | 65/66B | €239 | €180 | -€59 | -24.6% |
| Recurring financial charges | 65 | €239 | €180 | -€59 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €10,949 | €6,529 | -€4,420 | -40.4% |
| Income taxes | 67/77 | €5,327 | €2,132 | -€3,195 | -60.0% |
| Profit (loss) for the period | 9904 | €5,621 | €4,397 | -€1,224 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,621 | €4,397 | -€1,224 | -21.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.