CARACTIVITY: 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.
CARACTIVITY
Largest movements
- Receivables within one year -€108,931
down €108,931 (-38.4%), from €283,366 to €174,434
of which Trade receivables: -€80,266
- Tangible fixed assets -€70,299
down €70,299 (-6.9%), from €1.0m to €955,696
of which Land and buildings: -€37,550
- Debts after one year -€56,488
down €56,488 (-10.1%), from €558,251 to €501,763
- Other debts -€54,049
down €54,049 (-31.7%), from €170,683 to €116,633
- Trade debts -€37,937
down €37,937 (-61.6%), from €61,599 to €23,662
- Current portion of long-term debt -€20,358
down €20,358 (-25.5%), from €79,794 to €59,435
- Tax, wage and social debts -€19,930
down €19,930 (-19.8%), from €100,443 to €80,514
of which Taxes: -€25,796
- Gross operating margin -€109,919
down €109,919 (-13.4%), from €821,330 to €711,411
- Staff costs +€48,986
up €48,986 (+10.9%), from €447,731 to €496,717
- Taxes -€41,309
down €41,309 (-50.0%), from €82,646 to €41,337
- Depreciation -€26,903
down €26,903 (-25.5%), from €105,357 to €78,454
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 | €1,583,454 | €1,383,460 | -€199,994 | -12.6% |
| Fixed assets | 21/28 | €1,028,521 | €958,072 | -€70,449 | -6.8% |
| Intangible fixed assets | 21 | €459 | €309 | -€150 | -32.7% |
| Tangible fixed assets | 22/27 | €1,025,995 | €955,696 | -€70,299 | -6.9% |
| Land and buildings | 22 | €933,511 | €895,961 | -€37,550 | -4.0% |
| Furniture and vehicles | 24 | €81,592 | €48,842 | -€32,749 | -40.1% |
| Other tangible fixed assets | 26 | €10,893 | €10,893 | = | 0.0% |
| Financial fixed assets | 28 | €2,067 | €2,067 | = | 0.0% |
| Current assets | 29/58 | €554,933 | €425,388 | -€129,545 | -23.3% |
| Amounts receivable within one year | 40/41 | €283,366 | €174,434 | -€108,931 | -38.4% |
| Trade receivables | 40 | €251,541 | €171,275 | -€80,266 | -31.9% |
| Other amounts receivable | 41 | €31,824 | €3,159 | -€28,665 | -90.1% |
| Cash at bank and in hand | 54/58 | €263,213 | €248,821 | -€14,392 | -5.5% |
| Deferred charges and accrued income | 490/1 | €8,355 | €2,133 | -€6,222 | -74.5% |
| Total equity and liabilities | 10/49 | €1,583,454 | €1,383,460 | -€199,994 | -12.6% |
| Equity | 10/15 | €612,684 | €601,438 | -€11,247 | -1.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €531,957 | €519,957 | -€12,000 | -2.3% |
| Distributable reserves | 133 | €531,957 | €519,957 | -€12,000 | -2.3% |
| Profit (loss) carried forward | 14 | €72,667 | €73,421 | +€753 | +1.0% |
| Amounts payable | 17/49 | €970,770 | €782,022 | -€188,748 | -19.4% |
| Amounts payable after more than one year | 17 | €558,251 | €501,763 | -€56,488 | -10.1% |
| Financial debts | 170/4 | €558,251 | €501,763 | -€56,488 | -10.1% |
| Amounts payable within one year | 42/48 | €412,519 | €280,245 | -€132,274 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €79,794 | €59,435 | -€20,358 | -25.5% |
| Trade debts | 44 | €61,599 | €23,662 | -€37,937 | -61.6% |
| Suppliers | 440/4 | €61,599 | €23,662 | -€37,937 | -61.6% |
| Taxes, remuneration and social security | 45 | €100,443 | €80,514 | -€19,930 | -19.8% |
| Taxes | 450/3 | €49,170 | €23,374 | -€25,796 | -52.5% |
| Remuneration and social security | 454/9 | €51,274 | €57,139 | +€5,866 | +11.4% |
| Other amounts payable | 47/48 | €170,683 | €116,633 | -€54,049 | -31.7% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Remuneration, social security and pensions | 62 | €447,731 | €496,717 | +€48,986 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,357 | €78,454 | -€26,903 | -25.5% |
| Other operating charges | 640/8 | €4,666 | €4,794 | +€129 | +2.8% |
| Gross operating margin | 9900 | €821,330 | €711,411 | -€109,919 | -13.4% |
| Operating profit (loss) | 9901 | €263,576 | €131,446 | -€132,130 | -50.1% |
| Financial income | 75/76B | €41 | €392 | +€350 | +845.4% |
| Recurring financial income | 75 | €41 | €392 | +€350 | +845.4% |
| Financial charges | 65/66B | €26,947 | €19,747 | -€7,200 | -26.7% |
| Recurring financial charges | 65 | €26,947 | €19,747 | -€7,200 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €236,671 | €112,090 | -€124,581 | -52.6% |
| Income taxes | 67/77 | €82,646 | €41,337 | -€41,309 | -50.0% |
| Profit (loss) for the period | 9904 | €154,025 | €70,753 | -€83,272 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,025 | €70,753 | -€83,272 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.