CARAVAGIO: 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.
CARAVAGIO
Largest movements
- Tangible fixed assets -€28,292
down €28,292 (-3.9%), from €718,789 to €690,497
- Profit (loss) carried forward -€21,764
down €21,764 (-4.5%), from -€478,631 to -€500,395
- Other debts -€8,523
down €8,523 (-1.4%), from €602,931 to €594,408
- Depreciation -€11,322
down €11,322 (-28.6%), from €39,615 to €28,292
- Gross operating margin -€915
down €915 (-8.3%), from €11,077 to €10,162
- Other operating charges +€123
up €123 (+3.7%), from €3,363 to €3,487
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 | €721,632 | €695,158 | -€26,474 | -3.7% |
| Fixed assets | 21/28 | €718,789 | €690,497 | -€28,292 | -3.9% |
| Tangible fixed assets | 22/27 | €718,789 | €690,497 | -€28,292 | -3.9% |
| Land and buildings | 22 | €718,789 | €690,497 | -€28,292 | -3.9% |
| Current assets | 29/58 | €2,843 | €4,661 | +€1,819 | +64.0% |
| Cash at bank and in hand | 54/58 | €1,416 | €2,764 | +€1,347 | +95.1% |
| Deferred charges and accrued income | 490/1 | €1,426 | €1,897 | +€471 | +33.0% |
| Total equity and liabilities | 10/49 | €721,632 | €695,158 | -€26,474 | -3.7% |
| Equity | 10/15 | €115,977 | €94,212 | -€21,764 | -18.8% |
| Contributions | 10/11 | €585,277 | €585,277 | = | 0.0% |
| Capital | 10 | €585,277 | €585,277 | = | 0.0% |
| Issued capital | 100 | €585,277 | €585,277 | = | 0.0% |
| Reserves | 13 | €9,331 | €9,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,331 | €9,331 | = | 0.0% |
| Legal reserve | 130 | €9,331 | €9,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€478,631 | -€500,395 | -€21,764 | -4.5% |
| Amounts payable | 17/49 | €605,655 | €600,946 | -€4,709 | -0.8% |
| Amounts payable within one year | 42/48 | €605,655 | €600,946 | -€4,709 | -0.8% |
| Trade debts | 44 | €2,724 | €6,537 | +€3,814 | +140.0% |
| Suppliers | 440/4 | €2,724 | €6,537 | +€3,814 | +140.0% |
| Other amounts payable | 47/48 | €602,931 | €594,408 | -€8,523 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,615 | €28,292 | -€11,322 | -28.6% |
| Other operating charges | 640/8 | €3,363 | €3,487 | +€123 | +3.7% |
| Gross operating margin | 9900 | €11,077 | €10,162 | -€915 | -8.3% |
| Operating profit (loss) | 9901 | -€31,901 | -€21,617 | +€10,284 | +32.2% |
| Financial charges | 65/66B | €137 | €147 | +€10 | +7.3% |
| Recurring financial charges | 65 | €137 | €147 | +€10 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,038 | -€21,764 | +€10,274 | +32.1% |
| Profit (loss) for the period | 9904 | -€32,038 | -€21,764 | +€10,274 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,038 | -€21,764 | +€10,274 | +32.1% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.