Careho: 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.
What changed
Careho
NACE 49.330, On-demand passenger transport by chauffeured vehicle
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€291,416
2024 · -€464,420+€173,005
Equity
€16.0m
2024 · €16.3m-€291,416
Cash
€156,399
2024 · €49,869+€106,530
Balance sheet total
€19.4m
2024 · €20.2m-€771,908
Largest movements
Assets
- Tangible fixed assets -€567,150
down €567,150 (-6.4%), from €8.8m to €8.2m
of which Land and buildings: -€534,162
- Receivables within one year -€259,315
down €259,315 (-67.6%), from €383,455 to €124,140
of which Other amounts receivable: -€267,312
Equity and liabilities
- Debts after one year -€816,177
down €816,177 (-24.1%), from €3.4m to €2.6m
of which Financial debts: -€420,177
- Other debts +€347,005
up €347,005 (+198164.1%), from €175 to €347,180
- Revaluation surpluses -€220,639
down €220,639 (-9.0%), from €2.4m to €2.2m
Income statement
- Gross operating margin +€120,871
up €120,871 (+64.2%), from €188,129 to €309,000
- Financial charges -€40,726
down €40,726 (-32.8%), from €124,127 to €83,401
- Financial income +€37,441
up €37,441 (+51.3%), from €73,034 to €110,475
- Other operating charges +€32,544
up €32,544 (+115.7%), from €28,132 to €60,676
- Depreciation -€6,511
down €6,511 (-1.1%), from €573,324 to €566,814
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.
Result 2024
-€464,420
Gross operating margin
+€120,871
Depreciation
+€6,511
Other operating charges
-€32,544
Financial income
+€37,441
Financial charges
+€40,726
Result 2025
-€291,416
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.
From operations
+€918,297
Investment
+€336
Financing
-€812,103
Cash 2024
€49,869
From operations (derived)
+€918,297
Net result for the year
-€291,416
Depreciation
+€566,814
Receivables after one year
+€107,000
Receivables within one year
+€259,315
Deferred charges and accrued income
-€55,028
Trade debts
-€29,474
Tax, wage and social debts
+€14,204
Other debts
+€347,005
Accrued charges and deferred income
-€124
Investment (derived)
+€336
Investment in fixed assets (net)
+€336
Financing
-€812,103
Debts after one year
-€816,177
Current portion of long-term debt
+€4,073
Cash 2025
€156,399
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,151,137 | €19,379,229 | -€771,908 | -3.8% |
| Fixed assets | 21/28 | €18,282,083 | €17,714,933 | -€567,150 | -3.1% |
| Tangible fixed assets | 22/27 | €8,808,503 | €8,241,354 | -€567,150 | -6.4% |
| Land and buildings | 22 | €8,629,941 | €8,095,779 | -€534,162 | -6.2% |
| Plant, machinery and equipment | 23 | €71,787 | €57,844 | -€13,943 | -19.4% |
| Furniture and vehicles | 24 | €98,850 | €81,667 | -€17,183 | -17.4% |
| Other tangible fixed assets | 26 | €7,926 | €6,064 | -€1,862 | -23.5% |
| Financial fixed assets | 28 | €9,473,579 | €9,473,579 | = | 0.0% |
| Current assets | 29/58 | €1,869,054 | €1,664,296 | -€204,758 | -11.0% |
| Amounts receivable after more than one year | 29 | €1,435,000 | €1,328,000 | -€107,000 | -7.5% |
| Other amounts receivable | 291 | €1,435,000 | €1,328,000 | -€107,000 | -7.5% |
| Amounts receivable within one year | 40/41 | €383,455 | €124,140 | -€259,315 | -67.6% |
| Trade receivables | 40 | €7,239 | €15,236 | +€7,997 | +110.5% |
| Other amounts receivable | 41 | €376,216 | €108,904 | -€267,312 | -71.1% |
| Cash at bank and in hand | 54/58 | €49,869 | €156,399 | +€106,530 | +213.6% |
| Deferred charges and accrued income | 490/1 | €730 | €55,758 | +€55,028 | +7539.3% |
| Total equity and liabilities | 10/49 | €20,151,137 | €19,379,229 | -€771,908 | -3.8% |
| Equity | 10/15 | €16,301,639 | €16,010,223 | -€291,416 | -1.8% |
| Contributions | 10/11 | €16,572,179 | €16,572,179 | = | 0.0% |
| Capital | 10 | €16,572,179 | €16,572,179 | = | 0.0% |
| Issued capital | 100 | €16,572,179 | €16,572,179 | = | 0.0% |
| Revaluation surpluses | 12 | €2,448,106 | €2,227,466 | -€220,639 | -9.0% |
| Reserves | 13 | €2,136,256 | €2,262,810 | +€126,553 | +5.9% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €293,925 | €199,839 | -€94,086 | -32.0% |
| Distributable reserves | 133 | €1,823,740 | €2,044,379 | +€220,639 | +12.1% |
| Profit (loss) carried forward | 14 | -€4,854,902 | -€5,052,232 | -€197,330 | -4.1% |
| Amounts payable | 17/49 | €3,849,497 | €3,369,005 | -€480,492 | -12.5% |
| Amounts payable after more than one year | 17 | €3,386,647 | €2,570,471 | -€816,177 | -24.1% |
| Financial debts | 170/4 | €2,912,647 | €2,492,471 | -€420,177 | -14.4% |
| Other amounts payable | 178/9 | €474,000 | €78,000 | -€396,000 | -83.5% |
| Amounts payable within one year | 42/48 | €462,726 | €798,535 | +€335,809 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €416,103 | €420,177 | +€4,073 | +1.0% |
| Trade debts | 44 | €46,448 | €16,974 | -€29,474 | -63.5% |
| Suppliers | 440/4 | €46,448 | €16,974 | -€29,474 | -63.5% |
| Taxes, remuneration and social security | 45 | €0 | €14,204 | +€14,204 | |
| Taxes | 450/3 | €0 | €14,204 | +€14,204 | |
| Other amounts payable | 47/48 | €175 | €347,180 | +€347,005 | +198164.1% |
| Accrued charges and deferred income | 492/3 | €124 | €0 | -€124 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573,324 | €566,814 | -€6,511 | -1.1% |
| Other operating charges | 640/8 | €28,132 | €60,676 | +€32,544 | +115.7% |
| Gross operating margin | 9900 | €188,129 | €309,000 | +€120,871 | +64.2% |
| Operating profit (loss) | 9901 | -€413,327 | -€318,489 | +€94,838 | +22.9% |
| Financial income | 75/76B | €73,034 | €110,475 | +€37,441 | +51.3% |
| Recurring financial income | 75 | €73,034 | €110,475 | +€37,441 | +51.3% |
| Financial charges | 65/66B | €124,127 | €83,401 | -€40,726 | -32.8% |
| Recurring financial charges | 65 | €124,127 | €83,401 | -€40,726 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | -€464,420 | -€291,416 | +€173,005 | +37.3% |
| Profit (loss) for the period | 9904 | -€464,420 | -€291,416 | +€173,005 | +37.3% |
| Transfer from tax-exempt reserves | 789 | €94,086 | €94,086 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€370,335 | -€197,330 | +€173,005 | +46.7% |
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 5 October 2026 via checked.be.