Careda: what changed
Two fiscal 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.
Careda
Largest movements
- Cash +€56,329
up €56,329 (+49.8%), from €113,146 to €169,475
mainly Net result for the year (+€62,713) and Tax, wage and social debts (+€8,545)
- Receivables within one year +€14,520
new in 2025: €14,520
- Tangible fixed assets -€3,128
down €3,128 (-25.6%), from €12,229 to €9,101
- Reserves +€61,047
up €61,047 (+64.0%), from €95,457 to €156,504
- Tax, wage and social debts +€8,545
up €8,545 (+43.3%), from €19,755 to €28,300
- Gross operating margin +€26,253
up €26,253 (+44.1%), from €59,590 to €85,844
- Taxes +€5,044
up €5,044 (+42.2%), from €11,951 to €16,995
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 | €125,376 | €193,096 | +€67,721 | +54.0% |
| Fixed assets | 21/28 | €12,229 | €9,101 | -€3,128 | -25.6% |
| Tangible fixed assets | 22/27 | €12,229 | €9,101 | -€3,128 | -25.6% |
| Plant, machinery and equipment | 23 | €12,229 | €9,101 | -€3,128 | -25.6% |
| Current assets | 29/58 | €113,146 | €183,995 | +€70,849 | +62.6% |
| Amounts receivable within one year | 40/41 | - | €14,520 | +€14,520 | |
| Trade receivables | 40 | - | €14,520 | +€14,520 | |
| Cash at bank and in hand | 54/58 | €113,146 | €169,475 | +€56,329 | +49.8% |
| Total equity and liabilities | 10/49 | €125,376 | €193,096 | +€67,721 | +54.0% |
| Equity | 10/15 | €100,457 | €161,504 | +€61,047 | +60.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,457 | €156,504 | +€61,047 | +64.0% |
| Distributable reserves | 133 | €95,457 | €156,504 | +€61,047 | +64.0% |
| Amounts payable | 17/49 | €24,919 | €31,593 | +€6,674 | +26.8% |
| Amounts payable within one year | 42/48 | €24,738 | €31,593 | +€6,855 | +27.7% |
| Trade debts | 44 | €468 | €48 | -€420 | -89.8% |
| Suppliers | 440/4 | €468 | €48 | -€420 | -89.8% |
| Taxes, remuneration and social security | 45 | €19,755 | €28,300 | +€8,545 | +43.3% |
| Taxes | 450/3 | €19,755 | €28,300 | +€8,545 | +43.3% |
| Other amounts payable | 47/48 | €4,514 | €3,245 | -€1,269 | -28.1% |
| Accrued charges and deferred income | 492/3 | €181 | - | -€181 | |
| Remuneration, social security and pensions | 62 | €2,596 | €2,440 | -€156 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,510 | €3,128 | +€619 | +24.6% |
| Other operating charges | 640/8 | €380 | €387 | +€7 | +1.9% |
| Gross operating margin | 9900 | €59,590 | €85,844 | +€26,253 | +44.1% |
| Operating profit (loss) | 9901 | €54,105 | €79,888 | +€25,784 | +47.7% |
| Financial charges | 65/66B | €153 | €181 | +€28 | +18.1% |
| Recurring financial charges | 65 | €153 | €181 | +€28 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €53,951 | €79,707 | +€25,756 | +47.7% |
| Income taxes | 67/77 | €11,951 | €16,995 | +€5,044 | +42.2% |
| Profit (loss) for the period | 9904 | €42,000 | €62,713 | +€20,712 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,000 | €62,713 | +€20,712 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.