CARELU: 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.
CARELU
Largest movements
- Tangible fixed assets +€56,123
up €56,123 (+25.3%), from €221,889 to €278,012
of which Furniture and vehicles: +€36,798
- Receivables within one year -€50,968
down €50,968 (-31.5%), from €161,663 to €110,695
of which Trade receivables: -€51,159
- Cash -€18,313
down €18,313 (-24.1%), from €76,019 to €57,706
mainly Investment in fixed assets (net) (-€75,581) and Advances received (-€45,932)
- Advances received -€45,932
down €45,932 (-62.1%), from €74,004 to €28,072
- Debts after one year +€40,736
up €40,736 (+22.2%), from €183,732 to €224,468
- Current portion of long-term debt +€21,147
up €21,147 (+138.7%), from €15,241 to €36,388
- Tax, wage and social debts -€14,785
down €14,785 (-65.6%), from €22,554 to €7,769
- Gross operating margin +€11,789
up €11,789 (+11.9%), from €99,425 to €111,214
- Taxes +€8,936
up €8,936 (+47.5%), from €18,795 to €27,731
- Other operating charges +€8,099
up €8,099 (+188.5%), from €4,297 to €12,396
- Depreciation +€4,180
up €4,180 (+27.4%), from €15,279 to €19,458
- Financial charges +€3,730
up €3,730 (+62.9%), from €5,930 to €9,661
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 | €459,571 | €447,449 | -€12,122 | -2.6% |
| Fixed assets | 21/28 | €221,889 | €278,012 | +€56,123 | +25.3% |
| Tangible fixed assets | 22/27 | €221,889 | €278,012 | +€56,123 | +25.3% |
| Land and buildings | 22 | €211,058 | €231,202 | +€20,143 | +9.5% |
| Plant, machinery and equipment | 23 | €2,579 | €1,761 | -€818 | -31.7% |
| Furniture and vehicles | 24 | €8,252 | €45,050 | +€36,798 | +445.9% |
| Current assets | 29/58 | €237,682 | €169,437 | -€68,245 | -28.7% |
| Amounts receivable within one year | 40/41 | €161,663 | €110,695 | -€50,968 | -31.5% |
| Trade receivables | 40 | €161,658 | €110,499 | -€51,159 | -31.6% |
| Other amounts receivable | 41 | €5 | €196 | +€191 | +4221.2% |
| Cash at bank and in hand | 54/58 | €76,019 | €57,706 | -€18,313 | -24.1% |
| Deferred charges and accrued income | 490/1 | - | €1,035 | +€1,035 | |
| Total equity and liabilities | 10/49 | €459,571 | €447,449 | -€12,122 | -2.6% |
| Equity | 10/15 | €141,893 | €138,861 | -€3,031 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,673 | €119,641 | -€3,031 | -2.5% |
| Amounts payable | 17/49 | €317,678 | €308,588 | -€9,090 | -2.9% |
| Amounts payable after more than one year | 17 | €183,732 | €224,468 | +€40,736 | +22.2% |
| Financial debts | 170/4 | €183,732 | €224,468 | +€40,736 | +22.2% |
| Amounts payable within one year | 42/48 | €130,666 | €84,120 | -€46,546 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €15,241 | €36,388 | +€21,147 | +138.7% |
| Trade debts | 44 | €12,700 | €9,419 | -€3,280 | -25.8% |
| Suppliers | 440/4 | €12,700 | €9,419 | -€3,280 | -25.8% |
| Advances received on contracts in progress | 46 | €74,004 | €28,072 | -€45,932 | -62.1% |
| Taxes, remuneration and social security | 45 | €22,554 | €7,769 | -€14,785 | -65.6% |
| Taxes | 450/3 | €22,554 | €7,769 | -€14,785 | -65.6% |
| Other amounts payable | 47/48 | €6,166 | €2,471 | -€3,695 | -59.9% |
| Accrued charges and deferred income | 492/3 | €3,280 | €0 | -€3,280 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,279 | €19,458 | +€4,180 | +27.4% |
| Other operating charges | 640/8 | €4,297 | €12,396 | +€8,099 | +188.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €99,425 | €111,214 | +€11,789 | +11.9% |
| Operating profit (loss) | 9901 | €79,849 | €79,360 | -€490 | -0.6% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €5,930 | €9,661 | +€3,730 | +62.9% |
| Recurring financial charges | 65 | €5,930 | €9,661 | +€3,730 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €73,919 | €69,699 | -€4,220 | -5.7% |
| Income taxes | 67/77 | €18,795 | €27,731 | +€8,936 | +47.5% |
| Profit (loss) for the period | 9904 | €55,124 | €41,969 | -€13,156 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,124 | €41,969 | -€13,156 | -23.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.