CARI: 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.
CARI
Largest movements
- Tangible fixed assets -€37,600
down €37,600 (-8.7%), from €432,707 to €395,107
of which Land and buildings: -€25,456
- Stocks and contracts +€21,740
up €21,740 (+4.3%), from €504,906 to €526,646
- Receivables within one year +€16,596
up €16,596 (+126.2%), from €13,147 to €29,743
of which Other amounts receivable: +€17,120
- Profit (loss) carried forward +€35,204
up €35,204 (+6.8%), from -€520,145 to -€484,941
- Trade debts -€34,510
down €34,510 (-23.2%), from €148,710 to €114,199
- Tax, wage and social debts -€14,073
down €14,073 (-14.8%), from €94,943 to €80,870
of which Remuneration and social security: -€22,694
- Gross operating margin +€65,433
up €65,433 (+58.3%), from €112,195 to €177,628
- Staff costs -€22,498
down €22,498 (-22.6%), from €99,336 to €76,838
- Financial charges +€6,609
up €6,609 (+60.2%), from €10,976 to €17,586
- Other operating charges -€5,892
down €5,892 (-44.2%), from €13,325 to €7,433
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 | €960,441 | €958,904 | -€1,537 | -0.2% |
| Fixed assets | 21/28 | €433,207 | €395,607 | -€37,600 | -8.7% |
| Tangible fixed assets | 22/27 | €432,707 | €395,107 | -€37,600 | -8.7% |
| Land and buildings | 22 | €384,923 | €359,467 | -€25,456 | -6.6% |
| Plant, machinery and equipment | 23 | €45,087 | €34,110 | -€10,978 | -24.3% |
| Furniture and vehicles | 24 | €2,697 | €1,530 | -€1,167 | -43.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €527,234 | €563,297 | +€36,063 | +6.8% |
| Stocks and contracts in progress | 3 | €504,906 | €526,646 | +€21,740 | +4.3% |
| Stocks | 30/36 | €504,906 | €526,646 | +€21,740 | +4.3% |
| Amounts receivable within one year | 40/41 | €13,147 | €29,743 | +€16,596 | +126.2% |
| Trade receivables | 40 | €3,874 | €3,350 | -€524 | -13.5% |
| Other amounts receivable | 41 | €9,273 | €26,393 | +€17,120 | +184.6% |
| Cash at bank and in hand | 54/58 | €8,037 | €5,662 | -€2,374 | -29.5% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,244 | +€100 | +8.8% |
| Total equity and liabilities | 10/49 | €960,441 | €958,904 | -€1,537 | -0.2% |
| Equity | 10/15 | -€78,956 | -€43,752 | +€35,204 | +44.6% |
| Contributions | 10/11 | €29,995 | €29,995 | = | 0.0% |
| Revaluation surpluses | 12 | €365,062 | €365,062 | = | 0.0% |
| Reserves | 13 | €46,132 | €46,132 | = | 0.0% |
| Distributable reserves | 133 | €46,132 | €46,132 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€520,145 | -€484,941 | +€35,204 | +6.8% |
| Amounts payable | 17/49 | €1,039,397 | €1,002,656 | -€36,741 | -3.5% |
| Amounts payable within one year | 42/48 | €1,039,397 | €996,741 | -€42,656 | -4.1% |
| Financial debts | 43 | €1,143 | €1,143 | = | 0.0% |
| Credit institutions | 430/8 | €1,143 | €1,143 | = | 0.0% |
| Trade debts | 44 | €148,710 | €114,199 | -€34,510 | -23.2% |
| Suppliers | 440/4 | €148,710 | €114,199 | -€34,510 | -23.2% |
| Taxes, remuneration and social security | 45 | €94,943 | €80,870 | -€14,073 | -14.8% |
| Taxes | 450/3 | €55,789 | €64,411 | +€8,622 | +15.5% |
| Remuneration and social security | 454/9 | €39,153 | €16,459 | -€22,694 | -58.0% |
| Other amounts payable | 47/48 | €794,601 | €800,528 | +€5,927 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €5,915 | +€5,915 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €99,336 | €76,838 | -€22,498 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,757 | €40,338 | +€582 | +1.5% |
| Other operating charges | 640/8 | €13,325 | €7,433 | -€5,892 | -44.2% |
| Gross operating margin | 9900 | €112,195 | €177,628 | +€65,433 | +58.3% |
| Operating profit (loss) | 9901 | -€40,223 | €53,018 | +€93,242 | |
| Financial income | 75/76B | €498 | €96 | -€403 | -80.8% |
| Recurring financial income | 75 | €498 | €96 | -€403 | -80.8% |
| Financial charges | 65/66B | €10,976 | €17,586 | +€6,609 | +60.2% |
| Recurring financial charges | 65 | €10,976 | €17,586 | +€6,609 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | -€50,701 | €35,528 | +€86,230 | |
| Income taxes | 67/77 | - | €324 | +€324 | |
| Profit (loss) for the period | 9904 | -€50,701 | €35,204 | +€85,905 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,701 | €35,204 | +€85,905 |
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 10 October 2026 via checked.be.