CARESTA: 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.
CARESTA
Largest movements
- Receivables within one year +€20,210
up €20,210 (+24.8%), from €81,562 to €101,771
of which Other amounts receivable: +€14,574
- Tangible fixed assets +€16,824
up €16,824 (+6.3%), from €268,562 to €285,386
of which Leasing and similar rights: +€43,768
- Cash -€15,322
down €15,322 (-70.0%), from €21,896 to €6,574
mainly Investment in fixed assets (net) (-€53,069) and Receivables within one year (-€20,210)
- Deferred charges and accrued income -€9,041
down €9,041 (-93.8%), from €9,640 to €599
- Profit (loss) carried forward +€57,376
up €57,376 (+2380734.0%), from €2 to €57,378
- Tax, wage and social debts -€19,627
down €19,627 (-64.0%), from €30,660 to €11,033
of which Taxes: -€16,842
- Other debts -€14,177
down €14,177 (-100.0%), from €14,177 to €0
- Trade debts -€13,393
down €13,393 (-62.9%), from €21,307 to €7,914
- Staff costs -€74,865
down €74,865 (-59.0%), from €126,977 to €52,112
- Gross operating margin +€16,000
up €16,000 (+10.2%), from €156,717 to €172,717
- Other operating charges -€14,530
down €14,530 (-64.2%), from €22,627 to €8,097
- Write-downs -€13,580
down €13,580 (-100.0%), from €13,580 to €0
- Depreciation +€7,179
up €7,179 (+21.8%), from €32,859 to €40,038
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 | €395,601 | €404,478 | +€8,877 | +2.2% |
| Fixed assets | 21/28 | €282,504 | €295,534 | +€13,031 | +4.6% |
| Intangible fixed assets | 21 | €13,941 | €10,148 | -€3,794 | -27.2% |
| Tangible fixed assets | 22/27 | €268,562 | €285,386 | +€16,824 | +6.3% |
| Land and buildings | 22 | €232,349 | €220,580 | -€11,768 | -5.1% |
| Plant, machinery and equipment | 23 | €34,088 | €19,340 | -€14,748 | -43.3% |
| Furniture and vehicles | 24 | €2,126 | €1,699 | -€427 | -20.1% |
| Leasing and similar rights | 25 | - | €43,768 | +€43,768 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €113,097 | €108,944 | -€4,154 | -3.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €81,562 | €101,771 | +€20,210 | +24.8% |
| Trade receivables | 40 | €46,733 | €52,369 | +€5,636 | +12.1% |
| Other amounts receivable | 41 | €34,828 | €49,402 | +€14,574 | +41.8% |
| Cash at bank and in hand | 54/58 | €21,896 | €6,574 | -€15,322 | -70.0% |
| Deferred charges and accrued income | 490/1 | €9,640 | €599 | -€9,041 | -93.8% |
| Total equity and liabilities | 10/49 | €395,601 | €404,478 | +€8,877 | +2.2% |
| Equity | 10/15 | €66,494 | €123,870 | +€57,376 | +86.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €47,900 | €47,900 | = | 0.0% |
| Distributable reserves | 133 | €47,900 | €47,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2 | €57,378 | +€57,376 | +2380734.0% |
| Amounts payable | 17/49 | €329,106 | €280,608 | -€48,499 | -14.7% |
| Amounts payable after more than one year | 17 | €218,219 | €216,130 | -€2,089 | -1.0% |
| Financial debts | 170/4 | €216,975 | €214,887 | -€2,089 | -1.0% |
| Other amounts payable | 178/9 | €1,243 | €1,243 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,288 | €64,478 | -€45,810 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €37,317 | €37,100 | -€218 | -0.6% |
| Financial debts | 43 | €6,826 | €8,431 | +€1,605 | +23.5% |
| Credit institutions | 430/8 | €6,826 | €8,431 | +€1,605 | +23.5% |
| Trade debts | 44 | €21,307 | €7,914 | -€13,393 | -62.9% |
| Suppliers | 440/4 | €21,307 | €7,914 | -€13,393 | -62.9% |
| Taxes, remuneration and social security | 45 | €30,660 | €11,033 | -€19,627 | -64.0% |
| Taxes | 450/3 | €17,534 | €692 | -€16,842 | -96.1% |
| Remuneration and social security | 454/9 | €13,127 | €10,341 | -€2,786 | -21.2% |
| Other amounts payable | 47/48 | €14,177 | €0 | -€14,177 | -100.0% |
| Accrued charges and deferred income | 492/3 | €600 | €0 | -€600 | -100.0% |
| Remuneration, social security and pensions | 62 | €126,977 | €52,112 | -€74,865 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,859 | €40,038 | +€7,179 | +21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,580 | €0 | -€13,580 | -100.0% |
| Other operating charges | 640/8 | €22,627 | €8,097 | -€14,530 | -64.2% |
| Gross operating margin | 9900 | €156,717 | €172,717 | +€16,000 | +10.2% |
| Operating profit (loss) | 9901 | -€39,325 | €72,470 | +€111,795 | |
| Financial income | 75/76B | €1,364 | €1,712 | +€348 | +25.5% |
| Recurring financial income | 75 | €1,364 | €1,712 | +€348 | +25.5% |
| Financial charges | 65/66B | €8,345 | €10,825 | +€2,480 | +29.7% |
| Recurring financial charges | 65 | €8,345 | €10,825 | +€2,480 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€46,306 | €63,357 | +€109,663 | |
| Income taxes | 67/77 | €701 | €5,981 | +€5,280 | +752.9% |
| Profit (loss) for the period | 9904 | -€47,007 | €57,376 | +€104,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,007 | €57,376 | +€104,383 |
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.