CAREA: 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.
CAREA
Largest movements
- Stocks and contracts +€4.3m
up €4.3m (+408.3%), from €1.0m to €5.3m
- Receivables within one year -€957,880
down €957,880 (-29.3%), from €3.3m to €2.3m
of which Other amounts receivable: -€1.0m
- Cash -€128,036
down €128,036 (-47.6%), from €269,136 to €141,099
mainly Stocks and contracts (-€4.3m)
- Trade debts +€1.0m
up €1.0m (+46.9%), from €2.2m to €3.2m
- Other debts +€1.0m
new in 2025: €1.0m
- Profit (loss) carried forward +€979,900
up €979,900 (+96.8%), from €1.0m to €2.0m
- Tax, wage and social debts +€145,806
up €145,806 (+95.9%), from €152,000 to €297,806
- Financial income -€17,514
down €17,514 (-100.0%), from €17,517 to €3
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 | €4,601,609 | €7,758,811 | +€3.2m | +68.6% |
| Current assets | 29/58 | €4,601,609 | €7,758,811 | +€3.2m | +68.6% |
| Stocks and contracts in progress | 3 | €1,043,612 | €5,304,171 | +€4.3m | +408.3% |
| Stocks | 30/36 | €1,043,612 | €5,304,171 | +€4.3m | +408.3% |
| Amounts receivable within one year | 40/41 | €3,271,421 | €2,313,541 | -€957,880 | -29.3% |
| Trade receivables | 40 | €1,203,210 | €1,263,089 | +€59,879 | +5.0% |
| Other amounts receivable | 41 | €2,068,211 | €1,050,452 | -€1.0m | -49.2% |
| Cash at bank and in hand | 54/58 | €269,136 | €141,099 | -€128,036 | -47.6% |
| Deferred charges and accrued income | 490/1 | €17,441 | - | -€17,441 | |
| Total equity and liabilities | 10/49 | €4,601,609 | €7,758,811 | +€3.2m | +68.6% |
| Equity | 10/15 | €2,062,519 | €3,042,419 | +€979,900 | +47.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €975,000 | €975,000 | = | 0.0% |
| Distributable reserves | 133 | €975,000 | €975,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,012,519 | €1,992,419 | +€979,900 | +96.8% |
| Amounts payable | 17/49 | €2,539,091 | €4,716,392 | +€2.2m | +85.8% |
| Amounts payable within one year | 42/48 | €2,539,091 | €4,711,705 | +€2.2m | +85.6% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €2,187,091 | €3,213,899 | +€1.0m | +46.9% |
| Suppliers | 440/4 | €2,187,091 | €3,213,899 | +€1.0m | +46.9% |
| Taxes, remuneration and social security | 45 | €152,000 | €297,806 | +€145,806 | +95.9% |
| Taxes | 450/3 | €152,000 | €297,806 | +€145,806 | +95.9% |
| Other amounts payable | 47/48 | - | €1,000,000 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | - | €4,688 | +€4,688 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,078 | +€1,078 | |
| Other operating charges | 640/8 | €1,173 | €1,115 | -€58 | -4.9% |
| Gross operating margin | 9900 | €1,380,470 | €1,369,803 | -€10,667 | -0.8% |
| Operating profit (loss) | 9901 | €1,379,298 | €1,367,611 | -€11,687 | -0.8% |
| Financial income | 75/76B | €17,517 | €3 | -€17,514 | -100.0% |
| Recurring financial income | 75 | €17,517 | €3 | -€17,514 | -100.0% |
| Financial charges | 65/66B | €32,597 | €41,907 | +€9,310 | +28.6% |
| Recurring financial charges | 65 | €32,597 | €41,907 | +€9,310 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €1,364,217 | €1,325,706 | -€38,511 | -2.8% |
| Income taxes | 67/77 | €352,000 | €345,806 | -€6,194 | -1.8% |
| Profit (loss) for the period | 9904 | €1,012,217 | €979,900 | -€32,317 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,012,217 | €979,900 | -€32,317 | -3.2% |
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 10 October 2026 via checked.be.