CARACAL: 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.
CARACAL
Largest movements
- Tangible fixed assets +€124,001
up €124,001 (+738%), from €16,805 to €140,806
of which Other tangible fixed assets: +€124,579
- Intangible fixed assets +€42,753
up €42,753 (+44.6%), from €95,763 to €138,516
- Current investments +€41,396
up €41,396 (+128%), from €32,276 to €73,672
- Cash +€10,921
up €10,921 (+5.9%), from €184,552 to €195,473
mainly Contributions, distributions and other (+€149,999) and Net result for the year (+€79,652)
- Contributions +€150,000
up €150,000 (+133%), from €112,409 to €262,409
- Profit (loss) carried forward +€79,652
up €79,652 (+44.2%), from €180,284 to €259,936
- Tax, wage and social debts -€62,439
down €62,439 (-62.5%), from €99,955 to €37,516
of which Remuneration and social security: -€32,596
- Trade debts +€43,780
up €43,780 (+143%), from €30,700 to €74,480
- Accrued charges and deferred income -€8,972
down €8,972 (-89.8%), from €9,986 to €1,014
- Staff costs -€164,754
down €164,754 (-42.7%), from €385,806 to €221,052
- Gross operating margin -€91,231
down €91,231 (-19.3%), from €472,488 to €381,257
- Depreciation +€36,647
up €36,647 (+180%), from €20,365 to €57,012
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 | €479,439 | €689,372 | +€209,933 | +43.8% |
| Fixed assets | 21/28 | €112,593 | €279,347 | +€166,754 | +148% |
| Intangible fixed assets | 21 | €95,763 | €138,516 | +€42,753 | +44.6% |
| Tangible fixed assets | 22/27 | €16,805 | €140,806 | +€124,001 | +738% |
| Plant, machinery and equipment | 23 | - | €3,988 | +€3,988 | |
| Furniture and vehicles | 24 | €16,421 | €11,855 | -€4,566 | -27.8% |
| Other tangible fixed assets | 26 | €384 | €124,963 | +€124,579 | +32,443% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €366,846 | €410,025 | +€43,179 | +11.8% |
| Amounts receivable within one year | 40/41 | €142,792 | €137,070 | -€5,722 | -4.0% |
| Trade receivables | 40 | €139,438 | €137,070 | -€2,368 | -1.7% |
| Other amounts receivable | 41 | €3,354 | €0 | -€3,354 | -100% |
| Current investments | 50/53 | €32,276 | €73,672 | +€41,396 | +128% |
| Cash at bank and in hand | 54/58 | €184,552 | €195,473 | +€10,921 | +5.9% |
| Deferred charges and accrued income | 490/1 | €7,226 | €3,810 | -€3,416 | -47.3% |
| Total equity and liabilities | 10/49 | €479,439 | €689,372 | +€209,933 | +43.8% |
| Equity | 10/15 | €338,664 | €568,315 | +€229,651 | +67.8% |
| Contributions | 10/11 | €112,409 | €262,409 | +€150,000 | +133% |
| Reserves | 13 | €45,971 | €45,971 | -€0 | 0.0% |
| Distributable reserves | 133 | €45,971 | €45,971 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €180,284 | €259,936 | +€79,652 | +44.2% |
| Amounts payable | 17/49 | €140,775 | €121,057 | -€19,718 | -14.0% |
| Amounts payable within one year | 42/48 | €130,789 | €120,043 | -€10,746 | -8.2% |
| Trade debts | 44 | €30,700 | €74,480 | +€43,780 | +143% |
| Suppliers | 440/4 | €30,700 | €74,480 | +€43,780 | +143% |
| Taxes, remuneration and social security | 45 | €99,955 | €37,516 | -€62,439 | -62.5% |
| Taxes | 450/3 | €51,297 | €21,454 | -€29,843 | -58.2% |
| Remuneration and social security | 454/9 | €48,658 | €16,062 | -€32,596 | -67.0% |
| Other amounts payable | 47/48 | €134 | €8,046 | +€7,912 | +5,905% |
| Accrued charges and deferred income | 492/3 | €9,986 | €1,014 | -€8,972 | -89.8% |
| Remuneration, social security and pensions | 62 | €385,806 | €221,052 | -€164,754 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,365 | €57,012 | +€36,647 | +180% |
| Other operating charges | 640/8 | €387 | €4,771 | +€4,384 | +1,133% |
| Gross operating margin | 9900 | €472,488 | €381,257 | -€91,231 | -19.3% |
| Operating profit (loss) | 9901 | €65,930 | €98,422 | +€32,492 | +49.3% |
| Financial income | 75/76B | €3,456 | €4,470 | +€1,014 | +29.3% |
| Recurring financial income | 75 | €3,456 | €4,470 | +€1,014 | +29.3% |
| Financial charges | 65/66B | €1,088 | €5,302 | +€4,214 | +387% |
| Recurring financial charges | 65 | €1,088 | €5,302 | +€4,214 | +387% |
| Profit (loss) for the period before taxes | 9903 | €68,298 | €97,590 | +€29,292 | +42.9% |
| Income taxes | 67/77 | €19,115 | €17,938 | -€1,177 | -6.2% |
| Profit (loss) for the period | 9904 | €49,183 | €79,652 | +€30,469 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,183 | €79,652 | +€30,469 | +61.9% |
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.