CARADONNA: 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.
CARADONNA
Largest movements
- Receivables within one year +€29,272
up €29,272 (+33.0%), from €88,817 to €118,089
- Cash -€21,567
down €21,567 (-20.7%), from €104,032 to €82,465
mainly Receivables within one year (-€29,272) and Other debts (-€20,501)
- Deferred charges and accrued income -€20,000
no longer reported in 2025 (was €20,000)
- Tangible fixed assets +€11,153
up €11,153 (+65.7%), from €16,968 to €28,121
of which Other tangible fixed assets: +€16,040
- Reserves +€22,634
up €22,634 (+12.6%), from €179,628 to €202,262
of which Distributable reserves: +€22,634
- Other debts -€20,501
down €20,501 (-90.0%), from €22,788 to €2,287
- Trade debts -€6,568
down €6,568 (-97.8%), from €6,715 to €147
- Tax, wage and social debts +€3,293
up €3,293 (+32.1%), from €10,247 to €13,540
of which Remuneration and social security: +€2,444
- Gross operating margin +€34,000
up €34,000 (+60.9%), from €55,836 to €89,836
- Taxes +€3,903
up €3,903 (+91.2%), from €4,278 to €8,180
- Staff costs +€2,798
up €2,798 (+6.4%), from €44,015 to €46,813
- Depreciation +€2,746
up €2,746 (+300%), from €915 to €3,661
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 | €239,979 | €238,837 | -€1,142 | -0.5% |
| Fixed assets | 21/28 | €27,131 | €38,283 | +€11,153 | +41.1% |
| Tangible fixed assets | 22/27 | €16,968 | €28,121 | +€11,153 | +65.7% |
| Land and buildings | 22 | €4,842 | - | -€4,842 | |
| Plant, machinery and equipment | 23 | €2,593 | €2,547 | -€46 | -1.8% |
| Other tangible fixed assets | 26 | €9,534 | €25,574 | +€16,040 | +168% |
| Financial fixed assets | 28 | €10,162 | €10,162 | = | 0.0% |
| Current assets | 29/58 | €212,849 | €200,554 | -€12,295 | -5.8% |
| Amounts receivable within one year | 40/41 | €88,817 | €118,089 | +€29,272 | +33.0% |
| Other amounts receivable | 41 | €88,817 | €118,089 | +€29,272 | +33.0% |
| Cash at bank and in hand | 54/58 | €104,032 | €82,465 | -€21,567 | -20.7% |
| Deferred charges and accrued income | 490/1 | €20,000 | - | -€20,000 | |
| Total equity and liabilities | 10/49 | €239,979 | €238,837 | -€1,142 | -0.5% |
| Equity | 10/15 | €198,228 | €220,862 | +€22,634 | +11.4% |
| 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 | €179,628 | €202,262 | +€22,634 | +12.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €177,768 | €200,402 | +€22,634 | +12.7% |
| Amounts payable | 17/49 | €41,751 | €17,975 | -€23,776 | -56.9% |
| Amounts payable after more than one year | 17 | €2,000 | €2,000 | = | 0.0% |
| Financial debts | 170/4 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,751 | €15,975 | -€23,776 | -59.8% |
| Trade debts | 44 | €6,715 | €147 | -€6,568 | -97.8% |
| Suppliers | 440/4 | €6,715 | €147 | -€6,568 | -97.8% |
| Taxes, remuneration and social security | 45 | €10,247 | €13,540 | +€3,293 | +32.1% |
| Taxes | 450/3 | €475 | €1,325 | +€849 | +179% |
| Remuneration and social security | 454/9 | €9,772 | €12,216 | +€2,444 | +25.0% |
| Other amounts payable | 47/48 | €22,788 | €2,287 | -€20,501 | -90.0% |
| Non-recurring operating income | 76A | - | €32,999 | +€32,999 | |
| Remuneration, social security and pensions | 62 | €44,015 | €46,813 | +€2,798 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €915 | €3,661 | +€2,746 | +300% |
| Other operating charges | 640/8 | €1,301 | €1,306 | +€5 | +0.4% |
| Non-recurring operating charges | 66A | - | €6,019 | +€6,019 | |
| Gross operating margin | 9900 | €55,836 | €89,836 | +€34,000 | +60.9% |
| Operating profit (loss) | 9901 | €9,604 | €32,037 | +€22,432 | +234% |
| Financial income | 75/76B | €839 | €15 | -€825 | -98.2% |
| Recurring financial income | 75 | €839 | €15 | -€825 | -98.2% |
| Financial charges | 65/66B | €1,220 | €1,238 | +€18 | +1.4% |
| Recurring financial charges | 65 | €1,220 | €1,238 | +€18 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €9,224 | €30,814 | +€21,590 | +234% |
| Income taxes | 67/77 | €4,278 | €8,180 | +€3,903 | +91.2% |
| Profit (loss) for the period | 9904 | €4,946 | €22,634 | +€17,688 | +358% |
| Profit (loss) for the period to be appropriated | 9905 | €4,946 | €22,634 | +€17,688 | +358% |
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 14 October 2026 via checked.be.