CARAVELLE: 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.
CARAVELLE
Largest movements
- Tangible fixed assets -€152,263
down €152,263 (-87.6%), from €173,821 to €21,558
of which Land and buildings: -€110,721
- Receivables within one year +€99,832
up €99,832 (+749%), from €13,331 to €113,163
of which Trade receivables: +€79,069
- Cash +€3,888
up €3,888 (+85.9%), from €4,525 to €8,413
mainly Investment in fixed assets (net) (+€147,389) and Depreciation (+€4,874)
- Profit (loss) carried forward -€33,446
down €33,446 (-18.4%), from €182,010 to €148,564
- Contributions -€8,000
down €8,000 (-88.1%), from €9,085 to €1,085
- Debts after one year -€6,702
down €6,702 (-48.8%), from €13,740 to €7,038
- Trade debts -€2,185
down €2,185 (-70.3%), from €3,107 to €923
- Turnover -€312,178
no longer reported in 2025 (was €312,178)
- Purchases and services -€125,126
no longer reported in 2025 (was €125,126)
- Gross operating margin -€99,076
down €99,076 (-52.1%), from €190,226 to €91,150
- Taxes -€25,091
down €25,091 (-71.6%), from €35,030 to €9,939
- Other operating charges +€20,403
up €20,403 (+143%), from €14,271 to €34,673
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 | €209,843 | €161,388 | -€48,454 | -23.1% |
| Fixed assets | 21/28 | €190,021 | €37,758 | -€152,263 | -80.1% |
| Intangible fixed assets | 21 | €16,000 | €16,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €173,821 | €21,558 | -€152,263 | -87.6% |
| Land and buildings | 22 | €110,721 | - | -€110,721 | |
| Furniture and vehicles | 24 | €56,312 | €13,795 | -€42,517 | -75.5% |
| Other tangible fixed assets | 26 | €6,788 | €7,763 | +€975 | +14.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €19,821 | €123,630 | +€103,809 | +524% |
| Amounts receivable within one year | 40/41 | €13,331 | €113,163 | +€99,832 | +749% |
| Trade receivables | 40 | €2,261 | €81,330 | +€79,069 | +3,496% |
| Other amounts receivable | 41 | €11,069 | €31,833 | +€20,764 | +188% |
| Cash at bank and in hand | 54/58 | €4,525 | €8,413 | +€3,888 | +85.9% |
| Deferred charges and accrued income | 490/1 | €1,966 | €2,054 | +€89 | +4.5% |
| Total equity and liabilities | 10/49 | €209,843 | €161,388 | -€48,454 | -23.1% |
| Equity | 10/15 | €192,996 | €151,549 | -€41,446 | -21.5% |
| Contributions | 10/11 | €9,085 | €1,085 | -€8,000 | -88.1% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,010 | €148,564 | -€33,446 | -18.4% |
| Amounts payable | 17/49 | €16,847 | €9,839 | -€7,008 | -41.6% |
| Amounts payable after more than one year | 17 | €13,740 | €7,038 | -€6,702 | -48.8% |
| Financial debts | 170/4 | €13,740 | €7,038 | -€6,702 | -48.8% |
| Amounts payable within one year | 42/48 | €3,107 | €2,802 | -€306 | -9.8% |
| Trade debts | 44 | €3,107 | €923 | -€2,185 | -70.3% |
| Suppliers | 440/4 | €3,107 | €923 | -€2,185 | -70.3% |
| Taxes, remuneration and social security | 45 | - | €1,879 | +€1,879 | |
| Remuneration and social security | 454/9 | - | €1,879 | +€1,879 | |
| Turnover | 70 | €312,178 | - | -€312,178 | |
| Non-recurring operating income | 76A | - | €8,100 | +€8,100 | |
| Goods, raw materials, services and sundry goods | 60/61 | €125,126 | - | -€125,126 | |
| Remuneration, social security and pensions | 62 | €90,785 | €74,958 | -€15,828 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,469 | €4,874 | -€11,595 | -70.4% |
| Other operating charges | 640/8 | €14,271 | €34,673 | +€20,403 | +143% |
| Gross operating margin | 9900 | €190,226 | €91,150 | -€99,076 | -52.1% |
| Operating profit (loss) | 9901 | €68,701 | -€23,355 | -€92,057 | |
| Financial charges | 65/66B | €135 | €152 | +€17 | +12.5% |
| Recurring financial charges | 65 | €135 | €152 | +€17 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €68,566 | -€23,507 | -€92,073 | |
| Income taxes | 67/77 | €35,030 | €9,939 | -€25,091 | -71.6% |
| Profit (loss) for the period | 9904 | €33,536 | -€33,446 | -€66,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,536 | -€33,446 | -€66,982 |
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 18 October 2026 via checked.be.