Caracole: 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.
Caracole
Largest movements
- Tangible fixed assets -€115,254
down €115,254 (-49.4%), from €233,204 to €117,950
of which Furniture and vehicles: -€80,304
- Cash +€50,879
up €50,879 (+28,778%), from €177 to €51,056
mainly Investment in fixed assets (net) (+€66,736) and Depreciation (+€51,034)
- Stocks and contracts +€13,460
up €13,460 (+16.4%), from €81,871 to €95,331
- Deferred charges and accrued income +€5,202
up €5,202 (+58.1%), from €8,958 to €14,160
- Debts after one year -€50,718
down €50,718 (-48.4%), from €104,749 to €54,031
- Trade debts +€35,721
up €35,721 (+160%), from €22,341 to €58,061
- Reserves -€26,301
down €26,301 (-25.2%), from €104,266 to €77,965
- Current portion of long-term debt -€13,007
down €13,007 (-21.1%), from €61,722 to €48,715
- Gross operating margin +€58,652
up €58,652 (+19.6%), from €299,703 to €358,354
- Staff costs +€51,788
up €51,788 (+23.6%), from €219,145 to €270,933
- Financial income -€17,401
no longer reported in 2025 (was €17,401)
- Financial charges +€6,502
up €6,502 (+33.5%), from €19,398 to €25,900
- Taxes -€5,132
down €5,132 (-88.6%), from €5,790 to €658
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 | €375,538 | €324,261 | -€51,277 | -13.7% |
| Fixed assets | 21/28 | €241,885 | €124,115 | -€117,770 | -48.7% |
| Intangible fixed assets | 21 | €6,591 | €3,875 | -€2,716 | -41.2% |
| Tangible fixed assets | 22/27 | €233,204 | €117,950 | -€115,254 | -49.4% |
| Plant, machinery and equipment | 23 | €46,760 | €37,074 | -€9,687 | -20.7% |
| Furniture and vehicles | 24 | €95,712 | €15,407 | -€80,304 | -83.9% |
| Leasing and similar rights | 25 | €11,795 | €5,182 | -€6,613 | -56.1% |
| Other tangible fixed assets | 26 | €78,937 | €60,287 | -€18,650 | -23.6% |
| Financial fixed assets | 28 | €2,090 | €2,290 | +€200 | +9.6% |
| Current assets | 29/58 | €133,654 | €200,146 | +€66,493 | +49.8% |
| Stocks and contracts in progress | 3 | €81,871 | €95,331 | +€13,460 | +16.4% |
| Stocks | 30/36 | €81,871 | €95,331 | +€13,460 | +16.4% |
| Amounts receivable within one year | 40/41 | €42,648 | €39,600 | -€3,048 | -7.1% |
| Trade receivables | 40 | €27,905 | €22,351 | -€5,554 | -19.9% |
| Other amounts receivable | 41 | €14,743 | €17,249 | +€2,506 | +17.0% |
| Cash at bank and in hand | 54/58 | €177 | €51,056 | +€50,879 | +28,778% |
| Deferred charges and accrued income | 490/1 | €8,958 | €14,160 | +€5,202 | +58.1% |
| Total equity and liabilities | 10/49 | €375,538 | €324,261 | -€51,277 | -13.7% |
| Equity | 10/15 | €114,266 | €87,965 | -€26,301 | -23.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €104,266 | €77,965 | -€26,301 | -25.2% |
| Distributable reserves | 133 | €104,266 | €77,965 | -€26,301 | -25.2% |
| Amounts payable | 17/49 | €261,273 | €236,296 | -€24,976 | -9.6% |
| Amounts payable after more than one year | 17 | €104,749 | €54,031 | -€50,718 | -48.4% |
| Financial debts | 170/4 | €104,749 | €54,031 | -€50,718 | -48.4% |
| Amounts payable within one year | 42/48 | €156,523 | €182,265 | +€25,742 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €61,722 | €48,715 | -€13,007 | -21.1% |
| Financial debts | 43 | €2,066 | €2,274 | +€208 | +10.1% |
| Credit institutions | 430/8 | €2,066 | €2,274 | +€208 | +10.1% |
| Trade debts | 44 | €22,341 | €58,061 | +€35,721 | +160% |
| Suppliers | 440/4 | €22,341 | €58,061 | +€35,721 | +160% |
| Advances received on contracts in progress | 46 | €12,939 | €14,166 | +€1,228 | +9.5% |
| Taxes, remuneration and social security | 45 | €57,456 | €59,049 | +€1,592 | +2.8% |
| Taxes | 450/3 | €28,180 | €28,845 | +€665 | +2.4% |
| Remuneration and social security | 454/9 | €29,276 | €30,204 | +€928 | +3.2% |
| Remuneration, social security and pensions | 62 | €219,145 | €270,933 | +€51,788 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,720 | €51,034 | -€3,687 | -6.7% |
| Other operating charges | 640/8 | €3,576 | €5,119 | +€1,543 | +43.1% |
| Non-recurring operating charges | 66A | €19,808 | €31,011 | +€11,203 | +56.6% |
| Gross operating margin | 9900 | €299,703 | €358,354 | +€58,652 | +19.6% |
| Operating profit (loss) | 9901 | €2,453 | €257 | -€2,196 | -89.5% |
| Financial income | 75/76B | €17,401 | - | -€17,401 | |
| Recurring financial income | 75 | €17,401 | - | -€17,401 | |
| Financial charges | 65/66B | €19,398 | €25,900 | +€6,502 | +33.5% |
| Recurring financial charges | 65 | €19,398 | €25,900 | +€6,502 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €456 | -€25,643 | -€26,099 | |
| Income taxes | 67/77 | €5,790 | €658 | -€5,132 | -88.6% |
| Profit (loss) for the period | 9904 | -€5,334 | -€26,301 | -€20,967 | -393% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,334 | -€26,301 | -€20,967 | -393% |
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 1 November 2026 via checked.be.