CARELIS: 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.
CARELIS
Largest movements
- Cash -€15,507
down €15,507 (-32.1%), from €48,346 to €32,839
mainly Net result for the year (-€28,434) and Debts after one year (-€8,991)
- Stocks and contracts -€11,618
down €11,618 (-38.3%), from €30,351 to €18,733
- Tangible fixed assets -€8,737
down €8,737 (-9.9%), from €88,693 to €79,956
of which Land and buildings: -€8,926
- Receivables within one year -€5,254
down €5,254 (-14.2%), from €36,941 to €31,687
of which Trade receivables: -€5,212
- Profit (loss) carried forward -€28,188
down €28,188 (-59.3%), from €47,522 to €19,335
- Trade debts +€10,058
up €10,058 (+23.5%), from €42,801 to €52,859
- Debts after one year -€8,991
down €8,991 (-21.8%), from €41,335 to €32,344
- Tax, wage and social debts -€8,239
down €8,239 (-77.5%), from €10,625 to €2,386
- Other debts -€6,000
no longer reported in 2025 (was €6,000)
- Gross operating margin -€18,914
down €18,914 (-70.9%), from €26,668 to €7,754
- Write-downs -€1,719
down €1,719 (-69.7%), from €2,467 to €748
- Taxes -€760
down €760 (-65.3%), from €1,164 to €404
- Financial income +€748
up €748 (+2393.8%), from €31 to €779
of which Non-recurring financial income: +€773
- Financial charges -€452
down €452 (-18.8%), from €2,397 to €1,946
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 | €206,522 | €164,801 | -€41,721 | -20.2% |
| Fixed assets | 21/28 | €88,712 | €79,975 | -€8,737 | -9.8% |
| Tangible fixed assets | 22/27 | €88,693 | €79,956 | -€8,737 | -9.9% |
| Land and buildings | 22 | €86,854 | €77,928 | -€8,926 | -10.3% |
| Plant, machinery and equipment | 23 | €890 | €1,460 | +€570 | +64.0% |
| Furniture and vehicles | 24 | €949 | €568 | -€381 | -40.1% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €117,810 | €84,826 | -€32,984 | -28.0% |
| Stocks and contracts in progress | 3 | €30,351 | €18,733 | -€11,618 | -38.3% |
| Stocks | 30/36 | €30,351 | €18,733 | -€11,618 | -38.3% |
| Amounts receivable within one year | 40/41 | €36,941 | €31,687 | -€5,254 | -14.2% |
| Trade receivables | 40 | €23,073 | €17,862 | -€5,212 | -22.6% |
| Other amounts receivable | 41 | €13,868 | €13,826 | -€42 | -0.3% |
| Cash at bank and in hand | 54/58 | €48,346 | €32,839 | -€15,507 | -32.1% |
| Deferred charges and accrued income | 490/1 | €2,172 | €1,567 | -€605 | -27.9% |
| Total equity and liabilities | 10/49 | €206,522 | €164,801 | -€41,721 | -20.2% |
| Equity | 10/15 | €96,655 | €68,222 | -€28,434 | -29.4% |
| Reserves | 13 | €32,558 | €32,312 | -€246 | -0.8% |
| Tax-exempt reserves | 132 | €15,761 | €15,515 | -€246 | -1.6% |
| Distributable reserves | 133 | €16,797 | €16,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,522 | €19,335 | -€28,188 | -59.3% |
| Investment grants | 15 | €16,575 | €16,575 | = | 0.0% |
| Amounts payable | 17/49 | €109,866 | €96,579 | -€13,287 | -12.1% |
| Amounts payable after more than one year | 17 | €41,335 | €32,344 | -€8,991 | -21.8% |
| Financial debts | 170/4 | €41,335 | €32,344 | -€8,991 | -21.8% |
| Amounts payable within one year | 42/48 | €68,532 | €64,235 | -€4,296 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €8,682 | €8,991 | +€309 | +3.6% |
| Financial debts | 43 | €423 | - | -€423 | |
| Credit institutions | 430/8 | €423 | - | -€423 | |
| Trade debts | 44 | €42,801 | €52,859 | +€10,058 | +23.5% |
| Suppliers | 440/4 | €42,801 | €52,859 | +€10,058 | +23.5% |
| Taxes, remuneration and social security | 45 | €10,625 | €2,386 | -€8,239 | -77.5% |
| Taxes | 450/3 | €10,625 | €2,386 | -€8,239 | -77.5% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €403 | €253 | -€150 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,680 | €9,810 | +€130 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,467 | €748 | -€1,719 | -69.7% |
| Other operating charges | 640/8 | €2,450 | €2,807 | +€357 | +14.6% |
| Non-recurring operating charges | 66A | - | €21,000 | +€21,000 | |
| Gross operating margin | 9900 | €26,668 | €7,754 | -€18,914 | -70.9% |
| Operating profit (loss) | 9901 | €11,668 | -€26,864 | -€38,532 | |
| Financial income | 75/76B | €31 | €779 | +€748 | +2393.8% |
| Recurring financial income | 75 | €31 | €5 | -€26 | -82.7% |
| Non-recurring financial income | 76B | - | €773 | +€773 | |
| Financial charges | 65/66B | €2,397 | €1,946 | -€452 | -18.8% |
| Recurring financial charges | 65 | €2,397 | €1,946 | -€452 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €9,302 | -€28,030 | -€37,333 | |
| Income taxes | 67/77 | €1,164 | €404 | -€760 | -65.3% |
| Profit (loss) for the period | 9904 | €8,138 | -€28,434 | -€36,572 | |
| Transfer from tax-exempt reserves | 789 | €246 | €246 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,385 | -€28,188 | -€36,572 |
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 1 October 2026 via checked.be.