Carême & Walter: what changed
What changed
Carême & Walter
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€36,184
2024 · €36,563-€379
Equity
€352,002
2024 · €319,818+€32,184
Cash
€3,731
2024 · €4,715-€984
Balance sheet total
€470,353
2024 · €477,941-€7,588
Largest movements
Assets
- Tangible fixed assets -€9,353
down €9,353 (-5.8%), from €160,945 to €151,591
of which Land and buildings: -€7,779
Equity and liabilities
- Other debts -€33,169
down €33,169 (-83.8%), from €39,560 to €6,391
- Profit (loss) carried forward +€32,184
up €32,184 (+10.3%), from €311,758 to €343,942
- Current portion of long-term debt +€10,221
up €10,221 (+157%), from €6,512 to €16,732
- Tax, wage and social debts -€10,197
down €10,197 (-94.6%), from €10,783 to €586
of which Taxes: -€9,338
- Debts after one year -€6,704
down €6,704 (-6.8%), from €98,054 to €91,350
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€36,563
Gross operating margin
-€520
Depreciation
-€75
Other operating charges
-€192
Other operating items
+€311
Financial income
-€1
Financial charges
+€123
Taxes
-€26
Result 2025
€36,184
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€500
Investment
€0
Financing
-€484
Cash 2024
€4,715
From operations (derived)
-€500
Net result for the year
+€36,184
Depreciation
+€9,353
Receivables within one year
-€2,636
Deferred charges and accrued income
-€113
Trade debts
+€78
Tax, wage and social debts
-€10,197
Other debts
-€33,169
Financing
-€484
Debts after one year
-€6,704
Current portion of long-term debt
+€10,221
Contributions, distributions and other
-€4,000
Cash 2025
€3,731
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €477,941 | €470,353 | -€7,588 | -1.6% |
| Fixed assets | 21/28 | €472,945 | €463,591 | -€9,353 | -2.0% |
| Tangible fixed assets | 22/27 | €160,945 | €151,591 | -€9,353 | -5.8% |
| Land and buildings | 22 | €156,190 | €148,412 | -€7,779 | -5.0% |
| Furniture and vehicles | 24 | €4,755 | €3,180 | -€1,575 | -33.1% |
| Financial fixed assets | 28 | €312,000 | €312,000 | = | 0.0% |
| Current assets | 29/58 | €4,996 | €6,761 | +€1,765 | +35.3% |
| Amounts receivable within one year | 40/41 | - | €2,636 | +€2,636 | |
| Other amounts receivable | 41 | - | €2,636 | +€2,636 | |
| Cash at bank and in hand | 54/58 | €4,715 | €3,731 | -€984 | -20.9% |
| Deferred charges and accrued income | 490/1 | €281 | €395 | +€113 | +40.3% |
| Total equity and liabilities | 10/49 | €477,941 | €470,353 | -€7,588 | -1.6% |
| Equity | 10/15 | €319,818 | €352,002 | +€32,184 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,758 | €343,942 | +€32,184 | +10.3% |
| Amounts payable | 17/49 | €158,122 | €118,350 | -€39,772 | -25.2% |
| Amounts payable after more than one year | 17 | €98,054 | €91,350 | -€6,704 | -6.8% |
| Financial debts | 170/4 | €98,054 | €91,350 | -€6,704 | -6.8% |
| Amounts payable within one year | 42/48 | €60,068 | €27,000 | -€33,068 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €6,512 | €16,732 | +€10,221 | +157% |
| Trade debts | 44 | €3,214 | €3,292 | +€78 | +2.4% |
| Suppliers | 440/4 | €3,214 | €3,292 | +€78 | +2.4% |
| Taxes, remuneration and social security | 45 | €10,783 | €586 | -€10,197 | -94.6% |
| Taxes | 450/3 | €9,338 | - | -€9,338 | |
| Remuneration and social security | 454/9 | €1,444 | €586 | -€859 | -59.5% |
| Other amounts payable | 47/48 | €39,560 | €6,391 | -€33,169 | -83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,278 | €9,353 | +€75 | +0.8% |
| Other operating charges | 640/8 | €2,048 | €2,239 | +€192 | +9.4% |
| Non-recurring operating charges | 66A | €311 | - | -€311 | |
| Gross operating margin | 9900 | €60,828 | €60,308 | -€520 | -0.9% |
| Operating profit (loss) | 9901 | €49,191 | €48,715 | -€476 | -1.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,290 | €3,167 | -€123 | -3.7% |
| Recurring financial charges | 65 | €3,290 | €3,167 | -€123 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €45,902 | €45,548 | -€354 | -0.8% |
| Income taxes | 67/77 | €9,338 | €9,364 | +€26 | +0.3% |
| Profit (loss) for the period | 9904 | €36,563 | €36,184 | -€379 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,563 | €36,184 | -€379 | -1.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.