Caran: 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.
Caran
Largest movements
- Cash +€206,654
up €206,654 (+422.8%), from €48,879 to €255,534
mainly Net result for the year (+€135,132) and Tax, wage and social debts (+€61,513)
- Tangible fixed assets -€17,574
down €17,574 (-21.0%), from €83,736 to €66,162
of which Land and buildings: -€11,985
- Receivables within one year +€11,292
up €11,292 (+128.8%), from €8,765 to €20,057
of which Trade receivables: +€11,292
- Deferred charges and accrued income -€4,599
no longer reported in 2025 (was €4,599)
- Reserves +€129,153
up €129,153 (+146.8%), from €87,982 to €217,135
of which Distributable reserves: +€132,000
- Tax, wage and social debts +€61,513
up €61,513 (+2977.2%), from €2,066 to €63,580
- Profit (loss) carried forward +€5,979
new in 2025: €5,979
- Gross operating margin +€194,378
up €194,378 (+598.4%), from €32,484 to €226,862
- Taxes +€62,369
up €62,369 (+990.7%), from €6,296 to €68,665
- Depreciation -€2,628
down €2,628 (-19.0%), from €13,803 to €11,174
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 | €145,979 | €341,753 | +€195,774 | +134.1% |
| Fixed assets | 21/28 | €83,736 | €66,162 | -€17,574 | -21.0% |
| Tangible fixed assets | 22/27 | €83,736 | €66,162 | -€17,574 | -21.0% |
| Land and buildings | 22 | €71,547 | €59,563 | -€11,985 | -16.8% |
| Furniture and vehicles | 24 | €12,189 | €6,600 | -€5,589 | -45.9% |
| Current assets | 29/58 | €62,243 | €275,590 | +€213,348 | +342.8% |
| Amounts receivable within one year | 40/41 | €8,765 | €20,057 | +€11,292 | +128.8% |
| Trade receivables | 40 | - | €11,292 | +€11,292 | |
| Other amounts receivable | 41 | €8,765 | €8,765 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,879 | €255,534 | +€206,654 | +422.8% |
| Deferred charges and accrued income | 490/1 | €4,599 | - | -€4,599 | |
| Total equity and liabilities | 10/49 | €145,979 | €341,753 | +€195,774 | +134.1% |
| Equity | 10/15 | €137,560 | €272,693 | +€135,132 | +98.2% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €87,982 | €217,135 | +€129,153 | +146.8% |
| Tax-exempt reserves | 132 | €9,463 | €6,617 | -€2,847 | -30.1% |
| Distributable reserves | 133 | €78,518 | €210,518 | +€132,000 | +168.1% |
| Profit (loss) carried forward | 14 | - | €5,979 | +€5,979 | |
| Provisions and deferred taxes | 16 | €3,154 | €2,205 | -€949 | -30.1% |
| Deferred taxes | 168 | €3,154 | €2,205 | -€949 | -30.1% |
| Amounts payable | 17/49 | €5,264 | €66,855 | +€61,591 | +1170.1% |
| Amounts payable within one year | 42/48 | €5,264 | €66,855 | +€61,591 | +1170.1% |
| Trade debts | 44 | €300 | €389 | +€89 | +29.7% |
| Suppliers | 440/4 | €300 | €389 | +€89 | +29.7% |
| Taxes, remuneration and social security | 45 | €2,066 | €63,580 | +€61,513 | +2977.2% |
| Taxes | 450/3 | €2,066 | €63,580 | +€61,513 | +2977.2% |
| Other amounts payable | 47/48 | €2,897 | €2,886 | -€12 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,803 | €11,174 | -€2,628 | -19.0% |
| Other operating charges | 640/8 | €4,533 | €6,294 | +€1,761 | +38.8% |
| Non-recurring operating charges | 66A | - | €6,400 | +€6,400 | |
| Gross operating margin | 9900 | €32,484 | €226,862 | +€194,378 | +598.4% |
| Operating profit (loss) | 9901 | €14,148 | €202,994 | +€188,846 | +1334.8% |
| Financial income | 75/76B | €201 | €284 | +€83 | +41.1% |
| Recurring financial income | 75 | €201 | €284 | +€83 | +41.1% |
| Financial charges | 65/66B | €398 | €430 | +€32 | +7.9% |
| Recurring financial charges | 65 | €398 | €430 | +€32 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €13,951 | €202,848 | +€188,897 | +1354.0% |
| Transfer from deferred taxes | 780 | €949 | €949 | = | 0.0% |
| Income taxes | 67/77 | €6,296 | €68,665 | +€62,369 | +990.7% |
| Profit (loss) for the period | 9904 | €8,604 | €135,132 | +€126,528 | +1470.6% |
| Transfer from tax-exempt reserves | 789 | €2,847 | €2,847 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,451 | €137,979 | +€126,528 | +1105.0% |
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 6 October 2026 via checked.be.