CARAFE: 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.
CARAFE
Largest movements
- Receivables within one year -€9,961
down €9,961 (-26.5%), from €37,592 to €27,631
of which Trade receivables: -€15,613
- Tangible fixed assets -€9,520
down €9,520 (-49.2%), from €19,364 to €9,844
of which Furniture and vehicles: -€7,899
- Receivables after one year -€5,000
no longer reported in 2025 (was €5,000)
- Cash -€2,802
down €2,802 (-50.1%), from €5,596 to €2,794
mainly Net result for the year (-€19,829) and Current portion of long-term debt (-€5,928)
- Profit (loss) carried forward -€19,989
down €19,989, from €6,962 to -€13,028
- Current portion of long-term debt -€5,928
down €5,928 (-66.6%), from €8,907 to €2,979
- Debts after one year -€2,979
no longer reported in 2025 (was €2,979)
- Tax, wage and social debts +€2,941
up €2,941 (+217%), from €1,354 to €4,295
- Short-term financial debts -€1,121
down €1,121 (-45.7%), from €2,454 to €1,333
- Gross operating margin -€20,583
down €20,583, from €18,343 to -€2,240
- Write-downs +€3,255
new in 2025: €3,255
- Taxes -€1,044
no longer reported in 2025 (was €1,044)
- Financial income -€293
down €293 (-84.9%), from €345 to €52
- Other operating charges +€259
up €259 (+174%), from €149 to €408
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 | €67,613 | €40,330 | -€27,283 | -40.4% |
| Fixed assets | 21/28 | €19,425 | €9,905 | -€9,520 | -49.0% |
| Tangible fixed assets | 22/27 | €19,364 | €9,844 | -€9,520 | -49.2% |
| Plant, machinery and equipment | 23 | €2,551 | €1,636 | -€916 | -35.9% |
| Furniture and vehicles | 24 | €15,730 | €7,832 | -€7,899 | -50.2% |
| Other tangible fixed assets | 26 | €1,083 | €377 | -€706 | -65.2% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €48,188 | €30,425 | -€17,763 | -36.9% |
| Amounts receivable after more than one year | 29 | €5,000 | - | -€5,000 | |
| Trade receivables | 290 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €37,592 | €27,631 | -€9,961 | -26.5% |
| Trade receivables | 40 | €25,236 | €9,623 | -€15,613 | -61.9% |
| Other amounts receivable | 41 | €12,356 | €18,008 | +€5,652 | +45.7% |
| Cash at bank and in hand | 54/58 | €5,596 | €2,794 | -€2,802 | -50.1% |
| Total equity and liabilities | 10/49 | €67,613 | €40,330 | -€27,283 | -40.4% |
| Equity | 10/15 | €48,836 | €28,846 | -€19,989 | -40.9% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €25,674 | €25,674 | = | 0.0% |
| Distributable reserves | 133 | €25,674 | €25,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,962 | -€13,028 | -€19,989 | |
| Amounts payable | 17/49 | €18,777 | €11,483 | -€7,294 | -38.8% |
| Amounts payable after more than one year | 17 | €2,979 | - | -€2,979 | |
| Financial debts | 170/4 | €2,979 | - | -€2,979 | |
| Amounts payable within one year | 42/48 | €15,799 | €11,483 | -€4,315 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €8,907 | €2,979 | -€5,928 | -66.6% |
| Financial debts | 43 | €2,454 | €1,333 | -€1,121 | -45.7% |
| Credit institutions | 430/8 | €2,454 | €1,333 | -€1,121 | -45.7% |
| Trade debts | 44 | €3,083 | €2,748 | -€336 | -10.9% |
| Suppliers | 440/4 | €3,083 | €2,748 | -€336 | -10.9% |
| Taxes, remuneration and social security | 45 | €1,354 | €4,295 | +€2,941 | +217% |
| Taxes | 450/3 | €1,354 | €4,295 | +€2,941 | +217% |
| Other amounts payable | 47/48 | - | €129 | +€129 | |
| Remuneration, social security and pensions | 62 | - | €254 | +€254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,188 | €13,295 | +€107 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,255 | +€3,255 | |
| Other operating charges | 640/8 | €149 | €408 | +€259 | +174% |
| Non-recurring operating charges | 66A | €857 | - | -€857 | |
| Gross operating margin | 9900 | €18,343 | -€2,240 | -€20,583 | |
| Operating profit (loss) | 9901 | €4,150 | -€19,451 | -€23,601 | |
| Financial income | 75/76B | €345 | €52 | -€293 | -84.9% |
| Recurring financial income | 75 | €345 | €52 | -€293 | -84.9% |
| Financial charges | 65/66B | €217 | €430 | +€212 | +97.7% |
| Recurring financial charges | 65 | €217 | €430 | +€212 | +97.7% |
| Profit (loss) for the period before taxes | 9903 | €4,277 | -€19,829 | -€24,106 | |
| Income taxes | 67/77 | €1,044 | - | -€1,044 | |
| Profit (loss) for the period | 9904 | €3,234 | -€19,829 | -€23,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,234 | -€19,829 | -€23,062 |
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 15 October 2026 via checked.be.