CARAVEL PROPERTIES: 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.
CARAVEL PROPERTIES
Largest movements
- Receivables within one year +€624,316
up €624,316 (+79.0%), from €790,426 to €1.4m
- Cash -€59,401
down €59,401 (-27.0%), from €219,722 to €160,321
mainly Receivables within one year (-€624,316) and Tax, wage and social debts (-€3,775)
- Other debts +€445,475
up €445,475 (+528%), from €84,416 to €529,891
- Profit (loss) carried forward +€92,491
up €92,491 (+11.6%), from €794,505 to €886,996
- Taxes -€91,795
down €91,795 (-74.9%), from €122,625 to €30,830
- Gross operating margin +€34,082
up €34,082 (+32.9%), from €103,601 to €137,683
- Financial income -€2,203
down €2,203 (-86.0%), from €2,563 to €360
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,078,320 | €3,634,715 | +€556,395 | +18.1% |
| Fixed assets | 21/28 | €2,068,018 | €2,056,461 | -€11,557 | -0.6% |
| Tangible fixed assets | 22/27 | €1,505,728 | €1,494,172 | -€11,557 | -0.8% |
| Land and buildings | 22 | €1,505,728 | €1,494,172 | -€11,557 | -0.8% |
| Financial fixed assets | 28 | €562,290 | €562,290 | = | 0.0% |
| Current assets | 29/58 | €1,010,302 | €1,578,253 | +€567,951 | +56.2% |
| Amounts receivable within one year | 40/41 | €790,426 | €1,414,742 | +€624,316 | +79.0% |
| Other amounts receivable | 41 | €790,426 | €1,414,742 | +€624,316 | +79.0% |
| Cash at bank and in hand | 54/58 | €219,722 | €160,321 | -€59,401 | -27.0% |
| Deferred charges and accrued income | 490/1 | €154 | €3,191 | +€3,037 | +1,969% |
| Total equity and liabilities | 10/49 | €3,078,320 | €3,634,715 | +€556,395 | +18.1% |
| Equity | 10/15 | €2,872,824 | €2,967,150 | +€94,325 | +3.3% |
| Contributions | 10/11 | €278,880 | €278,880 | = | 0.0% |
| Capital | 10 | €278,880 | €278,880 | = | 0.0% |
| Issued capital | 100 | €278,880 | €278,880 | = | 0.0% |
| Revaluation surpluses | 12 | €1,284,361 | €1,284,361 | = | 0.0% |
| Reserves | 13 | €515,078 | €516,912 | +€1,835 | +0.4% |
| Non-distributable reserves | 130/1 | €27,888 | €27,888 | = | 0.0% |
| Legal reserve | 130 | €27,888 | €27,888 | = | 0.0% |
| Tax-exempt reserves | 132 | €491 | €2,325 | +€1,835 | +374% |
| Distributable reserves | 133 | €486,699 | €486,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | €794,505 | €886,996 | +€92,491 | +11.6% |
| Amounts payable | 17/49 | €205,496 | €667,565 | +€462,069 | +225% |
| Amounts payable within one year | 42/48 | €190,014 | €632,523 | +€442,509 | +233% |
| Trade debts | 44 | €10,016 | €10,824 | +€809 | +8.1% |
| Suppliers | 440/4 | €10,016 | €10,824 | +€809 | +8.1% |
| Taxes, remuneration and social security | 45 | €95,583 | €91,808 | -€3,775 | -3.9% |
| Taxes | 450/3 | €95,583 | €91,808 | -€3,775 | -3.9% |
| Other amounts payable | 47/48 | €84,416 | €529,891 | +€445,475 | +528% |
| Accrued charges and deferred income | 492/3 | €15,482 | €35,042 | +€19,560 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,557 | €11,557 | = | 0.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Non-recurring operating charges | 66A | €12,100 | - | -€12,100 | |
| Gross operating margin | 9900 | €103,601 | €137,683 | +€34,082 | +32.9% |
| Operating profit (loss) | 9901 | €78,915 | €125,066 | +€46,151 | +58.5% |
| Financial income | 75/76B | €2,563 | €360 | -€2,203 | -86.0% |
| Recurring financial income | 75 | €2,563 | €360 | -€2,203 | -86.0% |
| Financial charges | 65/66B | €351 | €270 | -€80 | -23.0% |
| Recurring financial charges | 65 | €351 | €270 | -€80 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €81,127 | €125,156 | +€44,029 | +54.3% |
| Transfer from deferred taxes | 780 | €95,010 | - | -€95,010 | |
| Income taxes | 67/77 | €122,625 | €30,830 | -€91,795 | -74.9% |
| Profit (loss) for the period | 9904 | €53,512 | €94,325 | +€40,814 | +76.3% |
| Transfer from tax-exempt reserves | 789 | €285,030 | - | -€285,030 | |
| Transfer to tax-exempt reserves | 689 | - | €1,835 | +€1,835 | |
| Profit (loss) for the period to be appropriated | 9905 | €338,542 | €92,491 | -€246,051 | -72.7% |
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 21 October 2026 via checked.be.