Caravan - Expo: what changed
What changed
Caravan - Expo
NACE 46.713, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€420,397
2024 · €43,058+€377,339
Equity
€3.3m
2024 · €3.1m+€184,167
Cash
€40,412
2024 · €102,243-€61,831
Balance sheet total
€8.7m
2024 · €9.2m-€564,588
Largest movements
Assets
- Stocks and contracts -€535,649
down €535,649 (-7.4%), from €7.2m to €6.7m
Equity and liabilities
- Trade debts -€1.2m
down €1.2m (-34.7%), from €3.4m to €2.2m
- Other debts +€241,722
up €241,722 (+13.6%), from €1.8m to €2.0m
- Reserves +€184,167
up €184,167 (+6.1%), from €3.0m to €3.2m
of which Distributable reserves: +€184,167
Income statement
- Gross operating margin +€518,618
up €518,618 (+66.6%), from €778,813 to €1.3m
- Taxes +€86,360
up €86,360 (+278%), from €31,018 to €117,378
- Write-downs +€80,000
up €80,000, from €0 to €80,000
- Staff costs -€32,475
down €32,475 (-6.0%), from €541,727 to €509,252
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,058
Gross operating margin
+€518,618
Staff costs
+€32,475
Depreciation
+€1,036
Write-downs
-€80,000
Other operating charges
+€3,461
Other operating items
+€2,871
Financial income
-€3,363
Financial charges
-€11,398
Taxes
-€86,360
Result 2025
€420,397
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€98,785
Investment
-€43,215
Financing
-€117,401
Cash 2024
€102,243
From operations (derived)
+€98,785
Net result for the year
+€420,397
Depreciation
+€99,215
Stocks and contracts
+€535,649
Receivables within one year
-€89,001
Deferred charges and accrued income
+€110
Trade debts
-€1.2m
Tax, wage and social debts
+€65,569
Advances received
-€10,845
Other debts
+€241,722
Investment (derived)
-€43,215
Investment in fixed assets (net)
-€43,215
Financing
-€117,401
Debts after one year
+€68,796
Short-term financial debts
+€50,033
Contributions, distributions and other
-€236,230
Cash 2025
€40,412
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,231,406 | €8,666,818 | -€564,588 | -6.1% |
| Fixed assets | 21/28 | €1,043,720 | €987,721 | -€55,999 | -5.4% |
| Intangible fixed assets | 21 | €15,724 | €8,727 | -€6,997 | -44.5% |
| Tangible fixed assets | 22/27 | €872,643 | €823,640 | -€49,002 | -5.6% |
| Land and buildings | 22 | €514,976 | €492,923 | -€22,053 | -4.3% |
| Plant, machinery and equipment | 23 | €57,596 | €34,015 | -€23,582 | -40.9% |
| Furniture and vehicles | 24 | €14,117 | €8,084 | -€6,034 | -42.7% |
| Other tangible fixed assets | 26 | €285,953 | €288,619 | +€2,666 | +0.9% |
| Financial fixed assets | 28 | €155,354 | €155,354 | = | 0.0% |
| Current assets | 29/58 | €8,187,686 | €7,679,097 | -€508,589 | -6.2% |
| Stocks and contracts in progress | 3 | €7,228,392 | €6,692,743 | -€535,649 | -7.4% |
| Stocks | 30/36 | €7,228,392 | €6,692,743 | -€535,649 | -7.4% |
| Amounts receivable within one year | 40/41 | €851,630 | €940,632 | +€89,001 | +10.5% |
| Trade receivables | 40 | €628,725 | €822,707 | +€193,982 | +30.9% |
| Other amounts receivable | 41 | €222,905 | €117,924 | -€104,981 | -47.1% |
| Cash at bank and in hand | 54/58 | €102,243 | €40,412 | -€61,831 | -60.5% |
| Deferred charges and accrued income | 490/1 | €5,420 | €5,311 | -€110 | -2.0% |
| Total equity and liabilities | 10/49 | €9,231,406 | €8,666,818 | -€564,588 | -6.1% |
| Equity | 10/15 | €3,097,450 | €3,281,616 | +€184,167 | +5.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €3,022,450 | €3,206,616 | +€184,167 | +6.1% |
| Non-distributable reserves | 130/1 | €29,535 | €29,535 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Other | 1319 | €22,035 | €22,035 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,631 | €2,631 | = | 0.0% |
| Distributable reserves | 133 | €2,990,283 | €3,174,450 | +€184,167 | +6.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,133,957 | €5,385,202 | -€748,755 | -12.2% |
| Amounts payable after more than one year | 17 | €158,904 | €227,700 | +€68,796 | +43.3% |
| Financial debts | 170/4 | €158,904 | €115,572 | -€43,332 | -27.3% |
| Other amounts payable | 178/9 | €0 | €112,128 | +€112,128 | |
| Amounts payable within one year | 42/48 | €5,975,053 | €5,157,502 | -€817,551 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €43,332 | €43,332 | = | 0.0% |
| Financial debts | 43 | €275,546 | €325,579 | +€50,033 | +18.2% |
| Credit institutions | 430/8 | €275,546 | €325,579 | +€50,033 | +18.2% |
| Trade debts | 44 | €3,353,277 | €2,189,246 | -€1.2m | -34.7% |
| Suppliers | 440/4 | €3,353,277 | €2,189,246 | -€1.2m | -34.7% |
| Advances received on contracts in progress | 46 | €418,153 | €407,308 | -€10,845 | -2.6% |
| Taxes, remuneration and social security | 45 | €111,837 | €177,406 | +€65,569 | +58.6% |
| Taxes | 450/3 | €35,572 | €112,469 | +€76,897 | +216% |
| Remuneration and social security | 454/9 | €76,265 | €64,937 | -€11,328 | -14.9% |
| Other amounts payable | 47/48 | €1,772,909 | €2,014,631 | +€241,722 | +13.6% |
| Non-recurring operating income | 76A | €8,762 | €4,250 | -€4,512 | -51.5% |
| Remuneration, social security and pensions | 62 | €541,727 | €509,252 | -€32,475 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,250 | €99,215 | -€1,036 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €80,000 | +€80,000 | |
| Other operating charges | 640/8 | €22,917 | €19,456 | -€3,461 | -15.1% |
| Non-recurring operating charges | 66A | €10,312 | €7,442 | -€2,871 | -27.8% |
| Gross operating margin | 9900 | €778,813 | €1,297,431 | +€518,618 | +66.6% |
| Operating profit (loss) | 9901 | €103,607 | €582,067 | +€478,460 | +462% |
| Financial income | 75/76B | €61,190 | €57,827 | -€3,363 | -5.5% |
| Recurring financial income | 75 | €61,190 | €57,827 | -€3,363 | -5.5% |
| Financial charges | 65/66B | €90,721 | €102,119 | +€11,398 | +12.6% |
| Recurring financial charges | 65 | €90,721 | €102,119 | +€11,398 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €74,076 | €537,775 | +€463,699 | +626% |
| Income taxes | 67/77 | €31,018 | €117,378 | +€86,360 | +278% |
| Profit (loss) for the period | 9904 | €43,058 | €420,397 | +€377,339 | +876% |
| Profit (loss) for the period to be appropriated | 9905 | €43,058 | €420,397 | +€377,339 | +876% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.