CARENDES: 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.
CARENDES
Largest movements
- Receivables within one year +€25,600
up €25,600 (+906%), from €2,826 to €28,426
of which Other amounts receivable: +€22,410
- Tangible fixed assets +€23,094
up €23,094 (+428%), from €5,396 to €28,491
of which Furniture and vehicles: +€14,567
- Stocks and contracts +€22,362
up €22,362 (+26.8%), from €83,302 to €105,664
- Reserves +€204,512
up €204,512 (+50.3%), from €406,920 to €611,432
- Other debts -€97,827
down €97,827 (-97.1%), from €100,731 to €2,904
- Tax, wage and social debts -€22,864
down €22,864 (-80.7%), from €28,315 to €5,451
- Financial income +€194,249
up €194,249 (+194%), from €100,000 to €294,249
- Gross operating margin -€157,889
down €157,889, from €93,344 to -€64,544
- Write-downs +€11,597
no longer reported in 2025 (was -€11,597)
- Taxes -€4,811
down €4,811 (-19.0%), from €25,262 to €20,451
- Financial charges -€2,915
down €2,915 (-85.1%), from €3,424 to €509
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.
Derived cash bridge
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 | €573,894 | €648,391 | +€74,496 | +13.0% |
| Fixed assets | 21/28 | €15,346 | €38,441 | +€23,094 | +150% |
| Tangible fixed assets | 22/27 | €5,396 | €28,491 | +€23,094 | +428% |
| Land and buildings | 22 | €5,396 | - | -€5,396 | |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | - | €14,567 | +€14,567 | |
| Other tangible fixed assets | 26 | - | €13,924 | +€13,924 | |
| Financial fixed assets | 28 | €9,950 | €9,950 | = | 0.0% |
| Current assets | 29/58 | €558,548 | €609,950 | +€51,402 | +9.2% |
| Stocks and contracts in progress | 3 | €83,302 | €105,664 | +€22,362 | +26.8% |
| Stocks | 30/36 | €83,302 | €105,664 | +€22,362 | +26.8% |
| Amounts receivable within one year | 40/41 | €2,826 | €28,426 | +€25,600 | +906% |
| Trade receivables | 40 | - | €3,190 | +€3,190 | |
| Other amounts receivable | 41 | €2,826 | €25,236 | +€22,410 | +793% |
| Cash at bank and in hand | 54/58 | €472,219 | €473,219 | +€999 | +0.2% |
| Deferred charges and accrued income | 490/1 | €200 | €2,641 | +€2,441 | +1,221% |
| Total equity and liabilities | 10/49 | €573,894 | €648,391 | +€74,496 | +13.0% |
| Equity | 10/15 | €425,720 | €630,232 | +€204,512 | +48.0% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €406,920 | €611,432 | +€204,512 | +50.3% |
| Distributable reserves | 133 | €406,920 | €611,432 | +€204,512 | +50.3% |
| Amounts payable | 17/49 | €148,174 | €18,159 | -€130,016 | -87.7% |
| Amounts payable within one year | 42/48 | €144,507 | €18,159 | -€126,348 | -87.4% |
| Trade debts | 44 | €15,461 | €9,804 | -€5,657 | -36.6% |
| Suppliers | 440/4 | €15,461 | €9,804 | -€5,657 | -36.6% |
| Taxes, remuneration and social security | 45 | €28,315 | €5,451 | -€22,864 | -80.7% |
| Taxes | 450/3 | €28,315 | €5,451 | -€22,864 | -80.7% |
| Other amounts payable | 47/48 | €100,731 | €2,904 | -€97,827 | -97.1% |
| Accrued charges and deferred income | 492/3 | €3,668 | - | -€3,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,571 | €3,832 | +€262 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,597 | - | +€11,597 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €93,344 | -€64,544 | -€157,889 | |
| Operating profit (loss) | 9901 | €100,983 | -€68,776 | -€169,759 | |
| Financial income | 75/76B | €100,000 | €294,249 | +€194,249 | +194% |
| Recurring financial income | 75 | €100,000 | €294,249 | +€194,249 | +194% |
| Financial charges | 65/66B | €3,424 | €509 | -€2,915 | -85.1% |
| Recurring financial charges | 65 | €3,424 | €509 | -€2,915 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €197,559 | €224,963 | +€27,405 | +13.9% |
| Income taxes | 67/77 | €25,262 | €20,451 | -€4,811 | -19.0% |
| Profit (loss) for the period | 9904 | €172,296 | €204,512 | +€32,216 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €172,296 | €204,512 | +€32,216 | +18.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.