CARE-NAM: 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-NAM
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+42,670%), from €2,710 to €1.2m
- Tangible fixed assets +€885,591
up €885,591 (+132%), from €672,726 to €1.6m
of which Furniture and vehicles: +€1.2m
- Cash +€798,368
up €798,368 (+176%), from €452,840 to €1.3m
mainly Trade debts (+€1.7m) and Debts after one year (+€1.4m)
- Current investments +€300,000
new in 2025: €300,000
- Intangible fixed assets +€188,437
new in 2025: €188,437
- Trade debts +€1.7m
up €1.7m (+808%), from €210,481 to €1.9m
- Debts after one year +€1.4m
up €1.4m (+147%), from €926,612 to €2.3m
of which Financial debts: +€1.4m
- Current portion of long-term debt +€248,479
new in 2025: €248,479
- Tax, wage and social debts +€113,642
up €113,642 (+531%), from €21,416 to €135,058
of which Remuneration and social security: +€101,388
- Turnover +€4.6m
new in 2025: €4.6m
- Purchases and services +€3.4m
up €3.4m (+2,404%), from €143,271 to €3.6m
- Gross operating margin +€1.1m
up €1.1m, from -€133,709 to €1.0m
- Staff costs +€719,029
up €719,029 (+1,358%), from €52,937 to €771,966
- Financial income -€185,002
down €185,002 (-98.7%), from €187,384 to €2,382
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 | €1,161,562 | €4,626,225 | +€3.5m | +298% |
| Fixed assets | 21/28 | €672,726 | €1,746,754 | +€1.1m | +160% |
| Intangible fixed assets | 21 | - | €188,437 | +€188,437 | |
| Tangible fixed assets | 22/27 | €672,726 | €1,558,317 | +€885,591 | +132% |
| Plant, machinery and equipment | 23 | - | €402,430 | +€402,430 | |
| Furniture and vehicles | 24 | - | €1,155,887 | +€1.2m | |
| Assets under construction and advance payments | 27 | €672,726 | - | -€672,726 | |
| Current assets | 29/58 | €488,836 | €2,879,472 | +€2.4m | +489% |
| Stocks and contracts in progress | 3 | €27,733 | €135,903 | +€108,170 | +390% |
| Stocks | 30/36 | €27,733 | €135,903 | +€108,170 | +390% |
| Amounts receivable within one year | 40/41 | €2,710 | €1,158,870 | +€1.2m | +42,670% |
| Trade receivables | 40 | €2,710 | €1,158,870 | +€1.2m | +42,670% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €452,840 | €1,251,208 | +€798,368 | +176% |
| Deferred charges and accrued income | 490/1 | €5,554 | €33,491 | +€27,937 | +503% |
| Total equity and liabilities | 10/49 | €1,161,562 | €4,626,225 | +€3.5m | +298% |
| Equity | 10/15 | - | €16,352 | +€16,352 | |
| Profit (loss) carried forward | 14 | - | €16,352 | +€16,352 | |
| Amounts payable | 17/49 | €1,161,562 | €4,609,874 | +€3.4m | +297% |
| Amounts payable after more than one year | 17 | €926,612 | €2,286,748 | +€1.4m | +147% |
| Financial debts | 170/4 | - | €1,358,338 | +€1.4m | |
| Other amounts payable | 178/9 | €926,612 | €928,410 | +€1,798 | +0.2% |
| Amounts payable within one year | 42/48 | €232,347 | €2,295,372 | +€2.1m | +888% |
| Current portion of amounts payable after more than one year | 42 | - | €248,479 | +€248,479 | |
| Financial debts | 43 | €450 | - | -€450 | |
| Credit institutions | 430/8 | €450 | - | -€450 | |
| Trade debts | 44 | €210,481 | €1,911,835 | +€1.7m | +808% |
| Suppliers | 440/4 | €210,481 | €1,911,835 | +€1.7m | +808% |
| Taxes, remuneration and social security | 45 | €21,416 | €135,058 | +€113,642 | +531% |
| Taxes | 450/3 | €3,044 | €15,298 | +€12,254 | +403% |
| Remuneration and social security | 454/9 | €18,372 | €119,760 | +€101,388 | +552% |
| Accrued charges and deferred income | 492/3 | €2,603 | €27,754 | +€25,151 | +966% |
| Turnover | 70 | - | €4,600,330 | +€4.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | €143,271 | €3,587,893 | +€3.4m | +2,404% |
| Remuneration, social security and pensions | 62 | €52,937 | €771,966 | +€719,029 | +1,358% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €181,183 | +€181,183 | |
| Non-recurring operating charges | 66A | - | €3,906 | +€3,906 | |
| Gross operating margin | 9900 | -€133,709 | €1,012,438 | +€1.1m | |
| Operating profit (loss) | 9901 | -€186,646 | €55,383 | +€242,029 | |
| Financial income | 75/76B | €187,384 | €2,382 | -€185,002 | -98.7% |
| Recurring financial income | 75 | €187,384 | €2,382 | -€185,002 | -98.7% |
| Financial charges | 65/66B | €738 | €40,979 | +€40,242 | +5,455% |
| Recurring financial charges | 65 | €738 | €40,979 | +€40,242 | +5,455% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €0 | €16,786 | +€16,786 | |
| Income taxes | 67/77 | - | €434 | +€434 | |
| Profit (loss) for the period | 9904 | €0 | €16,352 | +€16,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €16,352 | +€16,352 |
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 30 October 2026 via checked.be.