CARE-ACE: 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-ACE
Largest movements
- Cash -€25,496
down €25,496 (-4.6%), from €557,934 to €532,438
mainly Contributions, distributions and other (-€142,857) and Trade debts (-€27,222)
- Receivables within one year +€10,864
up €10,864 (+53.9%), from €20,158 to €31,023
of which Other amounts receivable: +€13,046
- Tangible fixed assets -€10,816
down €10,816 (-28.1%), from €38,519 to €27,703
- Tax, wage and social debts +€29,555
up €29,555 (+28.4%), from €104,210 to €133,765
of which Taxes: +€28,305
- Trade debts -€27,222
down €27,222 (-38.4%), from €70,928 to €43,706
- Profit (loss) carried forward -€17,858
down €17,858 (-8.0%), from €222,402 to €204,544
- Other debts -€10,151
down €10,151 (-6.6%), from €154,603 to €144,452
- Gross operating margin -€61,348
down €61,348 (-9.2%), from €666,520 to €605,172
- Staff costs +€27,450
up €27,450 (+6.9%), from €398,319 to €425,769
- Taxes -€25,354
down €25,354 (-39.4%), from €64,351 to €38,997
- Financial income -€10,075
down €10,075 (-55.8%), from €18,057 to €7,982
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.
Cash bridge derived
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 | €636,716 | €611,063 | -€25,654 | -4.0% |
| Fixed assets | 21/28 | €46,622 | €35,806 | -€10,816 | -23.2% |
| Tangible fixed assets | 22/27 | €38,519 | €27,703 | -€10,816 | -28.1% |
| Furniture and vehicles | 24 | €38,519 | €27,703 | -€10,816 | -28.1% |
| Financial fixed assets | 28 | €8,103 | €8,103 | = | 0.0% |
| Current assets | 29/58 | €590,094 | €575,257 | -€14,837 | -2.5% |
| Stocks and contracts in progress | 3 | €12,002 | €11,797 | -€205 | -1.7% |
| Stocks | 30/36 | €12,002 | €11,797 | -€205 | -1.7% |
| Amounts receivable within one year | 40/41 | €20,158 | €31,023 | +€10,864 | +53.9% |
| Trade receivables | 40 | €9,908 | €7,726 | -€2,182 | -22.0% |
| Other amounts receivable | 41 | €10,250 | €23,296 | +€13,046 | +127.3% |
| Cash at bank and in hand | 54/58 | €557,934 | €532,438 | -€25,496 | -4.6% |
| Total equity and liabilities | 10/49 | €636,716 | €611,063 | -€25,654 | -4.0% |
| Equity | 10/15 | €290,052 | €272,194 | -€17,858 | -6.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,402 | €204,544 | -€17,858 | -8.0% |
| Amounts payable | 17/49 | €346,664 | €338,868 | -€7,796 | -2.2% |
| Amounts payable within one year | 42/48 | €346,664 | €338,868 | -€7,796 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €16,923 | €16,945 | +€23 | +0.1% |
| Trade debts | 44 | €70,928 | €43,706 | -€27,222 | -38.4% |
| Suppliers | 440/4 | €70,928 | €43,706 | -€27,222 | -38.4% |
| Taxes, remuneration and social security | 45 | €104,210 | €133,765 | +€29,555 | +28.4% |
| Taxes | 450/3 | €56,888 | €85,192 | +€28,305 | +49.8% |
| Remuneration and social security | 454/9 | €47,323 | €48,573 | +€1,250 | +2.6% |
| Other amounts payable | 47/48 | €154,603 | €144,452 | -€10,151 | -6.6% |
| Remuneration, social security and pensions | 62 | €398,319 | €425,769 | +€27,450 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,195 | €16,686 | +€5,491 | +49.1% |
| Other operating charges | 640/8 | €4,636 | €3,494 | -€1,141 | -24.6% |
| Gross operating margin | 9900 | €666,520 | €605,172 | -€61,348 | -9.2% |
| Operating profit (loss) | 9901 | €252,370 | €159,223 | -€93,147 | -36.9% |
| Financial income | 75/76B | €18,057 | €7,982 | -€10,075 | -55.8% |
| Recurring financial income | 75 | €18,057 | €7,982 | -€10,075 | -55.8% |
| Financial charges | 65/66B | €4,023 | €3,208 | -€814 | -20.2% |
| Recurring financial charges | 65 | €4,023 | €3,208 | -€814 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €266,404 | €163,996 | -€102,408 | -38.4% |
| Income taxes | 67/77 | €64,351 | €38,997 | -€25,354 | -39.4% |
| Profit (loss) for the period | 9904 | €202,053 | €124,999 | -€77,054 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €202,053 | €124,999 | -€77,054 | -38.1% |
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 12 October 2026 via checked.be.