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 -€36,878
down €36,878 (-5.4%), from €680,316 to €643,438
of which Land and buildings: -€26,541
- Debts after one year -€30,713
down €30,713 (-5.4%), from €566,332 to €535,618
- Profit (loss) carried forward -€20,298
down €20,298 (-31.7%), from -€64,110 to -€84,408
- Other debts +€12,000
up €12,000 (+14.0%), from €85,592 to €97,592
- Gross operating margin +€19,952
up €19,952 (+71.2%), from €28,010 to €47,962
- Financial charges -€1,824
down €1,824 (-6.6%), from €27,554 to €25,730
- Depreciation +€634
up €634 (+1.7%), from €36,863 to €37,497
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 | €699,430 | €658,769 | -€40,662 | -5.8% |
| Fixed assets | 21/28 | €680,316 | €643,438 | -€36,878 | -5.4% |
| Tangible fixed assets | 22/27 | €680,316 | €643,438 | -€36,878 | -5.4% |
| Land and buildings | 22 | €656,444 | €629,904 | -€26,541 | -4.0% |
| Plant, machinery and equipment | 23 | €5,870 | €4,918 | -€951 | -16.2% |
| Furniture and vehicles | 24 | €18,002 | €8,616 | -€9,386 | -52.1% |
| Current assets | 29/58 | €19,114 | €15,330 | -€3,784 | -19.8% |
| Amounts receivable within one year | 40/41 | €12,617 | €6,417 | -€6,200 | -49.1% |
| Trade receivables | 40 | €1,910 | €4,238 | +€2,328 | +122% |
| Other amounts receivable | 41 | €10,707 | €2,179 | -€8,528 | -79.6% |
| Cash at bank and in hand | 54/58 | €3,758 | €5,693 | +€1,935 | +51.5% |
| Deferred charges and accrued income | 490/1 | €2,739 | €3,220 | +€481 | +17.6% |
| Total equity and liabilities | 10/49 | €699,430 | €658,769 | -€40,662 | -5.8% |
| Equity | 10/15 | €2,267 | -€18,031 | -€20,298 | |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €7,777 | €7,777 | = | 0.0% |
| Distributable reserves | 133 | €7,777 | €7,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,110 | -€84,408 | -€20,298 | -31.7% |
| Amounts payable | 17/49 | €697,163 | €676,799 | -€20,364 | -2.9% |
| Amounts payable after more than one year | 17 | €566,332 | €535,618 | -€30,713 | -5.4% |
| Financial debts | 170/4 | €566,332 | €535,618 | -€30,713 | -5.4% |
| Amounts payable within one year | 42/48 | €127,953 | €141,016 | +€13,063 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €34,445 | €31,289 | -€3,156 | -9.2% |
| Trade debts | 44 | €5,896 | €9,723 | +€3,827 | +64.9% |
| Suppliers | 440/4 | €5,896 | €9,723 | +€3,827 | +64.9% |
| Taxes, remuneration and social security | 45 | €2,020 | €2,412 | +€392 | +19.4% |
| Taxes | 450/3 | €2,020 | €2,412 | +€392 | +19.4% |
| Other amounts payable | 47/48 | €85,592 | €97,592 | +€12,000 | +14.0% |
| Accrued charges and deferred income | 492/3 | €2,878 | €165 | -€2,713 | -94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,863 | €37,497 | +€634 | +1.7% |
| Other operating charges | 640/8 | €5,269 | €5,043 | -€225 | -4.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €28,010 | €47,962 | +€19,952 | +71.2% |
| Operating profit (loss) | 9901 | -€14,122 | €5,422 | +€19,544 | |
| Financial income | 75/76B | €691 | €355 | -€336 | -48.7% |
| Recurring financial income | 75 | €691 | €355 | -€336 | -48.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €27,554 | €25,730 | -€1,824 | -6.6% |
| Recurring financial charges | 65 | €27,554 | €25,730 | -€1,824 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,985 | -€19,953 | +€21,032 | +51.3% |
| Income taxes | 67/77 | €353 | €345 | -€8 | -2.2% |
| Profit (loss) for the period | 9904 | -€41,338 | -€20,298 | +€21,040 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,338 | -€20,298 | +€21,040 | +50.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.