CARADCOM: 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.
CARADCOM
Largest movements
- Tangible fixed assets +€261,400
up €261,400 (+490.6%), from €53,281 to €314,681
- Cash +€6,668
up €6,668 (+56.9%), from €11,713 to €18,381
mainly Contributions, distributions and other (+€282,448) and Other debts (+€31,312)
- Revaluation surpluses +€256,771
new in 2025: €256,771
- Profit (loss) carried forward -€47,548
down €47,548 (-114.4%), from -€41,550 to -€89,099
- Other debts +€31,312
up €31,312 (+138.4%), from €22,631 to €53,943
- Reserves +€25,677
up €25,677 (+31467.0%), from €82 to €25,759
of which Distributable reserves: +€25,677
- Trade debts +€9,194
up €9,194 (+933.7%), from €985 to €10,179
- Depreciation +€25,778
up €25,778 (+490.6%), from €5,254 to €31,033
- Financial charges -€2,922
down €2,922 (-96.9%), from €3,017 to €95
- Other operating charges +€1,818
up €1,818 (+55.9%), from €3,252 to €5,069
- Financial income +€606
up €606 (+602.2%), from €101 to €706
- Taxes +€164
new in 2025: €164
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 | €66,503 | €334,129 | +€267,626 | +402.4% |
| Fixed assets | 21/28 | €53,781 | €315,181 | +€261,400 | +486.0% |
| Tangible fixed assets | 22/27 | €53,281 | €314,681 | +€261,400 | +490.6% |
| Land and buildings | 22 | €53,281 | €314,681 | +€261,400 | +490.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €12,723 | €18,948 | +€6,225 | +48.9% |
| Cash at bank and in hand | 54/58 | €11,713 | €18,381 | +€6,668 | +56.9% |
| Deferred charges and accrued income | 490/1 | €1,010 | €567 | -€443 | -43.8% |
| Total equity and liabilities | 10/49 | €66,503 | €334,129 | +€267,626 | +402.4% |
| Equity | 10/15 | -€7,869 | €227,031 | +€234,900 | |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Capital | 10 | €33,600 | €33,600 | = | 0.0% |
| Issued capital | 100 | €33,600 | €33,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €256,771 | +€256,771 | |
| Reserves | 13 | €82 | €25,759 | +€25,677 | +31467.0% |
| Non-distributable reserves | 130/1 | €82 | €82 | = | 0.0% |
| Legal reserve | 130 | €82 | €82 | = | 0.0% |
| Distributable reserves | 133 | - | €25,677 | +€25,677 | |
| Profit (loss) carried forward | 14 | -€41,550 | -€89,099 | -€47,548 | -114.4% |
| Amounts payable | 17/49 | €74,372 | €107,098 | +€32,726 | +44.0% |
| Amounts payable after more than one year | 17 | €42,977 | €35,814 | -€7,163 | -16.7% |
| Financial debts | 170/4 | €42,977 | €35,814 | -€7,163 | -16.7% |
| Amounts payable within one year | 42/48 | €31,395 | €71,284 | +€39,889 | +127.1% |
| Current portion of amounts payable after more than one year | 42 | €7,780 | €7,163 | -€617 | -7.9% |
| Trade debts | 44 | €985 | €10,179 | +€9,194 | +933.7% |
| Suppliers | 440/4 | €985 | €10,179 | +€9,194 | +933.7% |
| Other amounts payable | 47/48 | €22,631 | €53,943 | +€31,312 | +138.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,891 | €11,894 | +€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,254 | €31,033 | +€25,778 | +490.6% |
| Other operating charges | 640/8 | €3,252 | €5,069 | +€1,818 | +55.9% |
| Gross operating margin | 9900 | -€11,891 | -€11,894 | -€2 | 0.0% |
| Operating profit (loss) | 9901 | -€20,397 | -€47,996 | -€27,598 | -135.3% |
| Financial income | 75/76B | €101 | €706 | +€606 | +602.2% |
| Recurring financial income | 75 | €101 | €706 | +€606 | +602.2% |
| Financial charges | 65/66B | €3,017 | €95 | -€2,922 | -96.9% |
| Recurring financial charges | 65 | €3,017 | €95 | -€2,922 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,314 | -€47,384 | -€24,070 | -103.2% |
| Income taxes | 67/77 | - | €164 | +€164 | |
| Profit (loss) for the period | 9904 | -€23,314 | -€47,548 | -€24,235 | -104.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,314 | -€47,548 | -€24,235 | -104.0% |
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 28 September 2026 via checked.be.