CAREDSA: 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.
CAREDSA
Largest movements
- Receivables within one year +€750,569
up €750,569 (+226%), from €331,875 to €1.1m
of which Trade receivables: +€733,369
- Current investments +€500,000
up €500,000 (+33.3%), from €1.5m to €2.0m
- Tangible fixed assets -€93,856
down €93,856 (-6.2%), from €1.5m to €1.4m
of which Land and buildings: -€62,077
- Cash -€79,213
down €79,213 (-8.8%), from €901,704 to €822,490
mainly Receivables within one year (-€750,569) and Current investments (-€500,000)
- Profit (loss) carried forward +€1.1m
up €1.1m (+55.7%), from €1.9m to €3.0m
- Other debts +€95,805
up €95,805 (+12.6%), from €763,144 to €858,949
- Debts after one year -€76,300
down €76,300 (-15.2%), from €500,744 to €424,445
- Gross operating margin +€465,899
up €465,899 (+43.2%), from €1.1m to €1.5m
- Taxes +€117,950
up €117,950 (+50.0%), from €235,774 to €353,724
- Financial income +€19,719
up €19,719 (+67.2%), from €29,360 to €49,079
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 | €4,247,069 | €5,331,441 | +€1.1m | +25.5% |
| Fixed assets | 21/28 | €1,513,491 | €1,419,635 | -€93,856 | -6.2% |
| Tangible fixed assets | 22/27 | €1,513,491 | €1,419,635 | -€93,856 | -6.2% |
| Land and buildings | 22 | €1,377,730 | €1,315,654 | -€62,077 | -4.5% |
| Plant, machinery and equipment | 23 | €38,413 | €29,933 | -€8,479 | -22.1% |
| Furniture and vehicles | 24 | €97,348 | €74,048 | -€23,300 | -23.9% |
| Current assets | 29/58 | €2,733,578 | €3,911,806 | +€1.2m | +43.1% |
| Amounts receivable within one year | 40/41 | €331,875 | €1,082,443 | +€750,569 | +226% |
| Trade receivables | 40 | €331,875 | €1,065,243 | +€733,369 | +221% |
| Other amounts receivable | 41 | - | €17,200 | +€17,200 | |
| Current investments | 50/53 | €1,500,000 | €2,000,000 | +€500,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €901,704 | €822,490 | -€79,213 | -8.8% |
| Deferred charges and accrued income | 490/1 | €0 | €6,872 | +€6,872 | |
| Total equity and liabilities | 10/49 | €4,247,069 | €5,331,441 | +€1.1m | +25.5% |
| Equity | 10/15 | €2,652,463 | €3,711,810 | +€1.1m | +39.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €732,716 | €732,716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €705,105 | €705,105 | = | 0.0% |
| Distributable reserves | 133 | €27,611 | €27,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,901,197 | €2,960,544 | +€1.1m | +55.7% |
| Provisions and deferred taxes | 16 | €235,035 | €235,035 | = | 0.0% |
| Deferred taxes | 168 | €235,035 | €235,035 | = | 0.0% |
| Amounts payable | 17/49 | €1,359,571 | €1,384,596 | +€25,025 | +1.8% |
| Amounts payable after more than one year | 17 | €500,744 | €424,445 | -€76,300 | -15.2% |
| Financial debts | 170/4 | €500,744 | €424,445 | -€76,300 | -15.2% |
| Amounts payable within one year | 42/48 | €858,827 | €960,151 | +€101,324 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €76,300 | €76,300 | -€0 | 0.0% |
| Trade debts | 44 | €1,226 | €9,664 | +€8,439 | +689% |
| Suppliers | 440/4 | €1,226 | €9,664 | +€8,439 | +689% |
| Taxes, remuneration and social security | 45 | €18,157 | €15,238 | -€2,919 | -16.1% |
| Taxes | 450/3 | €18,157 | €15,238 | -€2,919 | -16.1% |
| Other amounts payable | 47/48 | €763,144 | €858,949 | +€95,805 | +12.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,462 | €93,856 | +€394 | +0.4% |
| Other operating charges | 640/8 | €3,390 | €7,023 | +€3,632 | +107% |
| Gross operating margin | 9900 | €1,077,277 | €1,543,177 | +€465,899 | +43.2% |
| Operating profit (loss) | 9901 | €980,425 | €1,442,298 | +€461,873 | +47.1% |
| Financial income | 75/76B | €29,360 | €49,079 | +€19,719 | +67.2% |
| Recurring financial income | 75 | €29,360 | €49,079 | +€19,719 | +67.2% |
| Financial charges | 65/66B | €68,895 | €78,306 | +€9,411 | +13.7% |
| Recurring financial charges | 65 | €68,895 | €78,306 | +€9,411 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €940,890 | €1,413,071 | +€472,181 | +50.2% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €235,774 | €353,724 | +€117,950 | +50.0% |
| Profit (loss) for the period | 9904 | €705,116 | €1,059,347 | +€354,231 | +50.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €705,116 | €1,059,347 | +€354,231 | +50.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.