CAREAU: 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.
CAREAU
Largest movements
- Cash -€7,596
down €7,596 (-32.5%), from €23,348 to €15,753
mainly Investment in fixed assets (net) (-€6,291) and Other debts (-€5,352)
- Tangible fixed assets +€4,728
up €4,728 (+322.9%), from €1,464 to €6,192
- Current investments +€3,601
new in 2025: €3,601
- Receivables within one year -€2,988
down €2,988 (-39.2%), from €7,620 to €4,632
of which Trade receivables: -€2,838
- Stocks and contracts -€2,905
down €2,905 (-16.8%), from €17,256 to €14,351
- Reserves +€7,576
up €7,576 (+33.7%), from €22,505 to €30,081
- Other debts -€5,352
down €5,352 (-68.5%), from €7,811 to €2,459
- Tax, wage and social debts -€4,134
down €4,134 (-51.9%), from €7,963 to €3,829
of which Taxes: -€4,134
- Trade debts -€2,927
down €2,927 (-43.0%), from €6,805 to €3,878
- Short-term financial debts -€616
down €616 (-96.6%), from €638 to €22
- Gross operating margin +€5,462
up €5,462 (+53.4%), from €10,225 to €15,687
- Write-downs +€1,868
new in 2025: €1,868
- Depreciation +€1,157
up €1,157 (+285.1%), from €406 to €1,563
- Financial charges -€495
down €495 (-68.7%), from €721 to €226
- Other operating charges +€253
up €253 (+25.9%), from €978 to €1,231
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 | €51,922 | €46,470 | -€5,452 | -10.5% |
| Fixed assets | 21/28 | €1,914 | €6,642 | +€4,728 | +247.0% |
| Tangible fixed assets | 22/27 | €1,464 | €6,192 | +€4,728 | +322.9% |
| Furniture and vehicles | 24 | €1,464 | €6,192 | +€4,728 | +322.9% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €50,008 | €39,828 | -€10,180 | -20.4% |
| Stocks and contracts in progress | 3 | €17,256 | €14,351 | -€2,905 | -16.8% |
| Stocks | 30/36 | €17,256 | €14,351 | -€2,905 | -16.8% |
| Amounts receivable within one year | 40/41 | €7,620 | €4,632 | -€2,988 | -39.2% |
| Trade receivables | 40 | €7,455 | €4,617 | -€2,838 | -38.1% |
| Other amounts receivable | 41 | €165 | €15 | -€150 | -90.9% |
| Current investments | 50/53 | - | €3,601 | +€3,601 | |
| Cash at bank and in hand | 54/58 | €23,348 | €15,753 | -€7,596 | -32.5% |
| Deferred charges and accrued income | 490/1 | €1,784 | €1,491 | -€293 | -16.4% |
| Total equity and liabilities | 10/49 | €51,922 | €46,470 | -€5,452 | -10.5% |
| Equity | 10/15 | €28,705 | €36,281 | +€7,576 | +26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,505 | €30,081 | +€7,576 | +33.7% |
| Distributable reserves | 133 | €22,505 | €30,081 | +€7,576 | +33.7% |
| Amounts payable | 17/49 | €23,217 | €10,188 | -€13,029 | -56.1% |
| Amounts payable within one year | 42/48 | €23,217 | €10,188 | -€13,029 | -56.1% |
| Financial debts | 43 | €638 | €22 | -€616 | -96.6% |
| Credit institutions | 430/8 | €638 | €22 | -€616 | -96.6% |
| Trade debts | 44 | €6,805 | €3,878 | -€2,927 | -43.0% |
| Suppliers | 440/4 | €6,805 | €3,878 | -€2,927 | -43.0% |
| Taxes, remuneration and social security | 45 | €7,963 | €3,829 | -€4,134 | -51.9% |
| Taxes | 450/3 | €7,963 | €3,829 | -€4,134 | -51.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,811 | €2,459 | -€5,352 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €1,563 | +€1,157 | +285.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,868 | +€1,868 | |
| Other operating charges | 640/8 | €978 | €1,231 | +€253 | +25.9% |
| Gross operating margin | 9900 | €10,225 | €15,687 | +€5,462 | +53.4% |
| Operating profit (loss) | 9901 | €8,841 | €11,024 | +€2,183 | +24.7% |
| Financial income | 75/76B | €0 | €34 | +€34 | |
| Recurring financial income | 75 | €0 | €34 | +€34 | |
| Financial charges | 65/66B | €721 | €226 | -€495 | -68.7% |
| Recurring financial charges | 65 | €721 | €226 | -€495 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €8,120 | €10,833 | +€2,713 | +33.4% |
| Income taxes | 67/77 | €3,126 | €3,257 | +€131 | +4.2% |
| Profit (loss) for the period | 9904 | €4,994 | €7,576 | +€2,582 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,994 | €7,576 | +€2,582 | +51.7% |
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 11 October 2026 via checked.be.