CAREGA: 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.
CAREGA
Largest movements
- Tangible fixed assets -€368,304
down €368,304 (-20.1%), from €1.8m to €1.5m
of which Land and buildings: -€380,679
- Receivables within one year +€365,173
up €365,173 (+368.8%), from €99,022 to €464,195
of which Other amounts receivable: +€388,315
- Cash +€137,399
up €137,399 (+325.8%), from €42,173 to €179,572
mainly Investment in fixed assets (net) (+€312,028) and Other debts (+€128,698)
- Other debts +€128,698
up €128,698 (+16.8%), from €765,795 to €894,493
- Debts after one year -€80,086
down €80,086 (-14.9%), from €537,382 to €457,296
- Current portion of long-term debt +€55,838
up €55,838 (+71.4%), from €78,248 to €134,086
- Reserves +€37,256
up €37,256 (+4.8%), from €771,811 to €809,067
of which Distributable reserves: +€42,493
- Depreciation +€20,020
up €20,020 (+55.2%), from €36,255 to €56,275
- Other operating charges +€18,861
up €18,861 (+228.8%), from €8,242 to €27,103
- Taxes -€9,240
down €9,240 (-31.5%), from €29,332 to €20,092
- Financial income +€6,951
up €6,951 (+87.2%), from €7,970 to €14,922
- Financial charges +€3,757
up €3,757 (+28.8%), from €13,052 to €16,809
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 | €2,259,174 | €2,393,443 | +€134,269 | +5.9% |
| Fixed assets | 21/28 | €1,829,061 | €1,460,758 | -€368,304 | -20.1% |
| Tangible fixed assets | 22/27 | €1,829,061 | €1,460,758 | -€368,304 | -20.1% |
| Land and buildings | 22 | €1,825,536 | €1,444,857 | -€380,679 | -20.9% |
| Plant, machinery and equipment | 23 | €3,526 | €8,102 | +€4,576 | +129.8% |
| Furniture and vehicles | 24 | €0 | €7,799 | +€7,799 | |
| Current assets | 29/58 | €430,113 | €932,685 | +€502,572 | +116.8% |
| Amounts receivable after more than one year | 29 | €288,918 | €288,918 | = | 0.0% |
| Other amounts receivable | 291 | €288,918 | €288,918 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €99,022 | €464,195 | +€365,173 | +368.8% |
| Trade receivables | 40 | €85,409 | €62,267 | -€23,141 | -27.1% |
| Other amounts receivable | 41 | €13,613 | €401,928 | +€388,315 | +2852.5% |
| Cash at bank and in hand | 54/58 | €42,173 | €179,572 | +€137,399 | +325.8% |
| Total equity and liabilities | 10/49 | €2,259,174 | €2,393,443 | +€134,269 | +5.9% |
| Equity | 10/15 | €782,448 | €819,704 | +€37,256 | +4.8% |
| Contributions | 10/11 | €10,637 | €10,637 | = | 0.0% |
| Reserves | 13 | €771,811 | €809,067 | +€37,256 | +4.8% |
| Non-distributable reserves | 130/1 | €1,591 | €1,591 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,591 | €1,591 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,685 | €37,449 | -€5,237 | -12.3% |
| Distributable reserves | 133 | €727,534 | €770,027 | +€42,493 | +5.8% |
| Provisions and deferred taxes | 16 | €31,452 | €28,755 | -€2,697 | -8.6% |
| Deferred taxes | 168 | €31,452 | €28,755 | -€2,697 | -8.6% |
| Amounts payable | 17/49 | €1,445,274 | €1,544,984 | +€99,710 | +6.9% |
| Amounts payable after more than one year | 17 | €537,382 | €457,296 | -€80,086 | -14.9% |
| Financial debts | 170/4 | €537,382 | €457,296 | -€80,086 | -14.9% |
| Amounts payable within one year | 42/48 | €907,892 | €1,087,688 | +€179,795 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €78,248 | €134,086 | +€55,838 | +71.4% |
| Financial debts | 43 | €14,031 | €6,692 | -€7,339 | -52.3% |
| Credit institutions | 430/8 | €14,031 | €6,692 | -€7,339 | -52.3% |
| Trade debts | 44 | €43,067 | €35,781 | -€7,286 | -16.9% |
| Suppliers | 440/4 | €43,067 | €35,781 | -€7,286 | -16.9% |
| Taxes, remuneration and social security | 45 | €6,752 | €16,636 | +€9,885 | +146.4% |
| Taxes | 450/3 | €6,752 | €16,636 | +€9,885 | +146.4% |
| Other amounts payable | 47/48 | €765,795 | €894,493 | +€128,698 | +16.8% |
| Remuneration, social security and pensions | 62 | €10,575 | €8,655 | -€1,921 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,255 | €56,275 | +€20,020 | +55.2% |
| Other operating charges | 640/8 | €8,242 | €27,103 | +€18,861 | +228.8% |
| Gross operating margin | 9900 | €147,593 | €148,571 | +€978 | +0.7% |
| Operating profit (loss) | 9901 | €92,520 | €56,538 | -€35,982 | -38.9% |
| Financial income | 75/76B | €7,970 | €14,922 | +€6,951 | +87.2% |
| Recurring financial income | 75 | €7,970 | €14,922 | +€6,951 | +87.2% |
| Financial charges | 65/66B | €13,052 | €16,809 | +€3,757 | +28.8% |
| Recurring financial charges | 65 | €13,052 | €16,809 | +€3,757 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €87,438 | €54,651 | -€32,787 | -37.5% |
| Transfer from deferred taxes | 780 | €2,697 | €2,697 | = | 0.0% |
| Income taxes | 67/77 | €29,332 | €20,092 | -€9,240 | -31.5% |
| Profit (loss) for the period | 9904 | €60,802 | €37,256 | -€23,547 | -38.7% |
| Transfer from tax-exempt reserves | 789 | €5,237 | €5,237 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,039 | €42,493 | -€23,547 | -35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.