CARE: 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.
CARE
Largest movements
- Cash +€690,947
up €690,947 (+648%), from €106,689 to €797,636
mainly Investment in fixed assets (net) (+€362,520) and Net result for the year (+€256,206)
- Tangible fixed assets -€400,277
down €400,277 (-23.7%), from €1.7m to €1.3m
of which Land and buildings: -€400,430
- Reserves +€256,206
up €256,206 (+59.5%), from €430,521 to €686,727
of which Distributable reserves: +€128,685
- Provisions +€42,507
up €42,507 (+60.2%), from €70,610 to €113,117
- Gross operating margin +€337,383
up €337,383 (+456%), from €73,927 to €411,310
- Depreciation -€18,337
down €18,337 (-32.4%), from €56,590 to €38,253
- Financial charges -€7,343
down €7,343 (-13.3%), from €55,027 to €47,684
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 | €1,819,352 | €2,110,372 | +€291,020 | +16.0% |
| Fixed assets | 21/28 | €1,686,673 | €1,285,900 | -€400,773 | -23.8% |
| Tangible fixed assets | 22/27 | €1,686,177 | €1,285,900 | -€400,277 | -23.7% |
| Land and buildings | 22 | €1,676,210 | €1,275,780 | -€400,430 | -23.9% |
| Plant, machinery and equipment | 23 | €0 | €653 | +€653 | |
| Furniture and vehicles | 24 | €1,290 | €791 | -€500 | -38.7% |
| Other tangible fixed assets | 26 | €8,676 | €8,676 | = | 0.0% |
| Financial fixed assets | 28 | €496 | €0 | -€496 | -100% |
| Current assets | 29/58 | €132,679 | €824,472 | +€691,793 | +521% |
| Amounts receivable within one year | 40/41 | €21,695 | €23,598 | +€1,902 | +8.8% |
| Trade receivables | 40 | €773 | €1,782 | +€1,009 | +131% |
| Other amounts receivable | 41 | €20,923 | €21,816 | +€893 | +4.3% |
| Cash at bank and in hand | 54/58 | €106,689 | €797,636 | +€690,947 | +648% |
| Deferred charges and accrued income | 490/1 | €4,295 | €3,238 | -€1,056 | -24.6% |
| Total equity and liabilities | 10/49 | €1,819,352 | €2,110,372 | +€291,020 | +16.0% |
| Equity | 10/15 | €492,021 | €748,227 | +€256,206 | +52.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €430,521 | €686,727 | +€256,206 | +59.5% |
| Tax-exempt reserves | 132 | €215,631 | €343,151 | +€127,520 | +59.1% |
| Distributable reserves | 133 | €214,890 | €343,576 | +€128,685 | +59.9% |
| Provisions and deferred taxes | 16 | €70,610 | €113,117 | +€42,507 | +60.2% |
| Deferred taxes | 168 | €70,610 | €113,117 | +€42,507 | +60.2% |
| Amounts payable | 17/49 | €1,256,721 | €1,249,028 | -€7,693 | -0.6% |
| Amounts payable after more than one year | 17 | €1,213,500 | €1,213,500 | = | 0.0% |
| Other amounts payable | 178/9 | €1,213,500 | €1,213,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,121 | €23,248 | +€127 | +0.5% |
| Trade debts | 44 | €1,484 | €2,424 | +€939 | +63.3% |
| Suppliers | 440/4 | €1,484 | €2,424 | +€939 | +63.3% |
| Taxes, remuneration and social security | 45 | €7,528 | €7,059 | -€469 | -6.2% |
| Taxes | 450/3 | €7,528 | €7,059 | -€469 | -6.2% |
| Other amounts payable | 47/48 | €14,109 | €13,766 | -€343 | -2.4% |
| Accrued charges and deferred income | 492/3 | €20,099 | €12,280 | -€7,819 | -38.9% |
| Non-recurring operating income | 76A | €1,551 | €400,714 | +€399,163 | +25,736% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,590 | €38,253 | -€18,337 | -32.4% |
| Other operating charges | 640/8 | €24,419 | €26,146 | +€1,728 | +7.1% |
| Gross operating margin | 9900 | €73,927 | €411,310 | +€337,383 | +456% |
| Operating profit (loss) | 9901 | -€7,081 | €346,912 | +€353,993 | |
| Financial income | 75/76B | €2 | €2 | -€0 | -3.0% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -3.0% |
| Financial charges | 65/66B | €55,027 | €47,684 | -€7,343 | -13.3% |
| Recurring financial charges | 65 | €55,027 | €47,684 | -€7,343 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€62,105 | €299,230 | +€361,335 | |
| Transfer from deferred taxes | 780 | €2,939 | €2,939 | +€0 | 0.0% |
| Transfer to deferred taxes | 680 | - | €45,446 | +€45,446 | |
| Income taxes | 67/77 | €473 | €518 | +€45 | +9.4% |
| Profit (loss) for the period | 9904 | -€59,639 | €256,206 | +€315,845 | |
| Transfer from tax-exempt reserves | 789 | €8,817 | €8,817 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €136,337 | +€136,337 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,822 | €128,685 | +€179,508 |
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 13 October 2026 via checked.be.