Caretaker Trading: 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.
Caretaker Trading
Largest movements
- Cash -€21,344
down €21,344 (-13.3%), from €160,399 to €139,055
mainly Net result for the year (-€28,356) and Tax, wage and social debts (-€22,258)
- Receivables within one year -€18,204
down €18,204 (-12.8%), from €142,117 to €123,913
of which Trade receivables: -€16,917
- Profit (loss) carried forward -€28,356
down €28,356 (-10.2%), from €277,314 to €248,957
- Tax, wage and social debts -€22,258
down €22,258 (-85.5%), from €26,040 to €3,782
of which Taxes: -€22,108
- Trade debts +€10,569
up €10,569 (+1,598%), from €662 to €11,231
- Gross operating margin -€47,568
down €47,568, from €32,670 to -€14,898
- Financial charges -€21,985
down €21,985 (-91.1%), from €24,124 to €2,139
- Staff costs +€15,675
new in 2025: €15,675
- Taxes -€9,703
down €9,703, from €4,852 to -€4,852
- Financial income -€7,795
down €7,795 (-99.9%), from €7,799 to €4
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 | €304,015 | €263,970 | -€40,045 | -13.2% |
| Formation expenses | 20 | €1,500 | €1,000 | -€500 | -33.3% |
| Current assets | 29/58 | €302,515 | €262,970 | -€39,545 | -13.1% |
| Amounts receivable within one year | 40/41 | €142,117 | €123,913 | -€18,204 | -12.8% |
| Trade receivables | 40 | €32,202 | €15,286 | -€16,917 | -52.5% |
| Other amounts receivable | 41 | €109,914 | €108,627 | -€1,287 | -1.2% |
| Cash at bank and in hand | 54/58 | €160,399 | €139,055 | -€21,344 | -13.3% |
| Deferred charges and accrued income | 490/1 | - | €3 | +€3 | |
| Total equity and liabilities | 10/49 | €304,015 | €263,970 | -€40,045 | -13.2% |
| Equity | 10/15 | €277,314 | €248,957 | -€28,356 | -10.2% |
| Profit (loss) carried forward | 14 | €277,314 | €248,957 | -€28,356 | -10.2% |
| Amounts payable | 17/49 | €26,701 | €15,013 | -€11,688 | -43.8% |
| Amounts payable within one year | 42/48 | €26,701 | €15,013 | -€11,688 | -43.8% |
| Trade debts | 44 | €662 | €11,231 | +€10,569 | +1,598% |
| Suppliers | 440/4 | €662 | €11,231 | +€10,569 | +1,598% |
| Taxes, remuneration and social security | 45 | €26,040 | €3,782 | -€22,258 | -85.5% |
| Taxes | 450/3 | €25,890 | €3,782 | -€22,108 | -85.4% |
| Remuneration and social security | 454/9 | €150 | €0 | -€150 | -100% |
| Remuneration, social security and pensions | 62 | - | €15,675 | +€15,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100% |
| Gross operating margin | 9900 | €32,670 | -€14,898 | -€47,568 | |
| Operating profit (loss) | 9901 | €32,282 | -€31,073 | -€63,355 | |
| Financial income | 75/76B | €7,799 | €4 | -€7,795 | -99.9% |
| Recurring financial income | 75 | €7,799 | €4 | -€7,795 | -99.9% |
| Financial charges | 65/66B | €24,124 | €2,139 | -€21,985 | -91.1% |
| Recurring financial charges | 65 | €24,124 | €2,139 | -€21,985 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €15,957 | -€33,208 | -€49,165 | |
| Income taxes | 67/77 | €4,852 | -€4,852 | -€9,703 | |
| Profit (loss) for the period | 9904 | €11,105 | -€28,356 | -€39,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,105 | -€28,356 | -€39,462 |
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 25 October 2026 via checked.be.