CARECOM: what changed
CARECOM
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets +€138,804
up €138,804 (+552%), from €25,166 to €163,970
of which Furniture and vehicles: +€139,924
- Cash +€36,809
up €36,809 (+110%), from €33,612 to €70,421
mainly Current investments (+€150,000) and Net result for the year (+€78,068)
- Deferred charges and accrued income +€10,951
up €10,951 (+727%), from €1,507 to €12,458
- Receivables within one year -€6,261
down €6,261 (-13.5%), from €46,436 to €40,175
of which Other amounts receivable: -€7,107
- Reserves +€78,068
up €78,068 (+39.7%), from €196,633 to €274,701
- Debts after one year -€45,500
no longer reported in 2025 (was €45,500)
- Gross operating margin +€24,820
up €24,820 (+24.2%), from €102,510 to €127,330
- Depreciation +€16,119
up €16,119 (+252%), from €6,407 to €22,527
- Financial income -€3,350
down €3,350 (-24.6%), from €13,633 to €10,283
of which Financial income: -€2,197
- Taxes +€1,726
up €1,726 (+5.1%), from €33,856 to €35,582
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,572 | €538,606 | +€31,035 | +6.1% |
| Fixed assets | 21/28 | €274,539 | €415,553 | +€141,014 | +51.4% |
| Intangible fixed assets | 21 | €290 | - | -€290 | |
| Tangible fixed assets | 22/27 | €25,166 | €163,970 | +€138,804 | +552% |
| Plant, machinery and equipment | 23 | €4,753 | €3,632 | -€1,121 | -23.6% |
| Furniture and vehicles | 24 | €20,413 | €160,337 | +€139,924 | +685% |
| Financial fixed assets | 28 | €249,083 | €251,583 | +€2,500 | +1.0% |
| Current assets | 29/58 | €233,033 | €123,054 | -€109,979 | -47.2% |
| Stocks and contracts in progress | 3 | €1,477 | - | -€1,477 | |
| Stocks | 30/36 | €1,477 | - | -€1,477 | |
| Amounts receivable within one year | 40/41 | €46,436 | €40,175 | -€6,261 | -13.5% |
| Trade receivables | 40 | €27,770 | €28,617 | +€847 | +3.0% |
| Other amounts receivable | 41 | €18,666 | €11,558 | -€7,107 | -38.1% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €33,612 | €70,421 | +€36,809 | +110% |
| Deferred charges and accrued income | 490/1 | €1,507 | €12,458 | +€10,951 | +727% |
| Total equity and liabilities | 10/49 | €507,572 | €538,606 | +€31,035 | +6.1% |
| Equity | 10/15 | €455,933 | €534,001 | +€78,068 | +17.1% |
| Contributions | 10/11 | €259,300 | €259,300 | = | 0.0% |
| Reserves | 13 | €196,633 | €274,701 | +€78,068 | +39.7% |
| Distributable reserves | 133 | €196,633 | €274,701 | +€78,068 | +39.7% |
| Amounts payable | 17/49 | €51,638 | €4,605 | -€47,033 | -91.1% |
| Amounts payable after more than one year | 17 | €45,500 | - | -€45,500 | |
| Financial debts | 170/4 | €45,500 | - | -€45,500 | |
| Amounts payable within one year | 42/48 | €6,138 | €4,605 | -€1,533 | -25.0% |
| Trade debts | 44 | €2,189 | €3,110 | +€921 | +42.1% |
| Suppliers | 440/4 | €2,189 | €3,110 | +€921 | +42.1% |
| Taxes, remuneration and social security | 45 | €3,949 | €1,495 | -€2,454 | -62.1% |
| Taxes | 450/3 | €3,949 | €1,495 | -€2,454 | -62.1% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,407 | €22,527 | +€16,119 | +252% |
| Other operating charges | 640/8 | €1,144 | €1,276 | +€132 | +11.5% |
| Gross operating margin | 9900 | €102,510 | €127,330 | +€24,820 | +24.2% |
| Operating profit (loss) | 9901 | €94,958 | €103,527 | +€8,569 | +9.0% |
| Financial income | 75/76B | €13,633 | €10,283 | -€3,350 | -24.6% |
| Recurring financial income | 75 | €12,480 | €10,283 | -€2,197 | -17.6% |
| Non-recurring financial income | 76B | €1,153 | - | -€1,153 | |
| Financial charges | 65/66B | €27 | €160 | +€134 | +505% |
| Recurring financial charges | 65 | €27 | €160 | +€134 | +505% |
| Profit (loss) for the period before taxes | 9903 | €108,565 | €113,650 | +€5,085 | +4.7% |
| Income taxes | 67/77 | €33,856 | €35,582 | +€1,726 | +5.1% |
| Profit (loss) for the period | 9904 | €74,709 | €78,068 | +€3,359 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,709 | €78,068 | +€3,359 | +4.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.