CARISA: 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.
CARISA
Largest movements
- Cash +€44,158
up €44,158 (+261%), from €16,931 to €61,089
mainly Net result for the year (+€118,854) and Depreciation (+€6,270)
- Receivables within one year +€40,339
up €40,339 (+14.9%), from €270,557 to €310,895
of which Other amounts receivable: +€46,755
- Tangible fixed assets -€6,270
down €6,270 (-50.0%), from €12,546 to €6,276
of which Other tangible fixed assets: -€5,328
- Reserves +€96,266
up €96,266 (+37.3%), from €258,393 to €354,659
- Current portion of long-term debt -€10,358
down €10,358 (-100%), from €10,358 to €0
- Short-term financial debts -€7,681
down €7,681 (-70.8%), from €10,854 to €3,173
of which Credit institutions: -€10,854
- Tax, wage and social debts -€5,688
down €5,688 (-44.9%), from €12,655 to €6,968
- Trade debts +€4,093
up €4,093 (+89.8%), from €4,558 to €8,650
- Gross operating margin +€41,916
up €41,916 (+30.5%), from €137,281 to €179,197
- Taxes +€26,987
up €26,987 (+70.6%), from €38,241 to €65,227
- Financial income +€12,358
up €12,358 (+146%), from €8,458 to €20,816
of which Non-recurring financial income: +€10,805
- Depreciation -€2,220
down €2,220 (-26.2%), from €8,490 to €6,270
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 | €305,452 | €381,069 | +€75,616 | +24.8% |
| Fixed assets | 21/28 | €12,546 | €6,276 | -€6,270 | -50.0% |
| Tangible fixed assets | 22/27 | €12,546 | €6,276 | -€6,270 | -50.0% |
| Furniture and vehicles | 24 | €1,902 | €960 | -€941 | -49.5% |
| Other tangible fixed assets | 26 | €10,644 | €5,316 | -€5,328 | -50.1% |
| Current assets | 29/58 | €292,906 | €374,793 | +€81,886 | +28.0% |
| Amounts receivable within one year | 40/41 | €270,557 | €310,895 | +€40,339 | +14.9% |
| Trade receivables | 40 | €36,666 | €30,250 | -€6,416 | -17.5% |
| Other amounts receivable | 41 | €233,891 | €280,645 | +€46,755 | +20.0% |
| Cash at bank and in hand | 54/58 | €16,931 | €61,089 | +€44,158 | +261% |
| Deferred charges and accrued income | 490/1 | €5,418 | €2,808 | -€2,610 | -48.2% |
| Total equity and liabilities | 10/49 | €305,452 | €381,069 | +€75,616 | +24.8% |
| Equity | 10/15 | €264,590 | €360,857 | +€96,266 | +36.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €258,393 | €354,659 | +€96,266 | +37.3% |
| Distributable reserves | 133 | €258,393 | €354,659 | +€96,266 | +37.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,862 | €20,212 | -€20,650 | -50.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,862 | €20,212 | -€20,650 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €10,358 | €0 | -€10,358 | -100% |
| Financial debts | 43 | €10,854 | €3,173 | -€7,681 | -70.8% |
| Credit institutions | 430/8 | €10,854 | €0 | -€10,854 | -100% |
| Other loans | 439 | - | €3,173 | +€3,173 | |
| Trade debts | 44 | €4,558 | €8,650 | +€4,093 | +89.8% |
| Suppliers | 440/4 | €4,558 | €8,650 | +€4,093 | +89.8% |
| Taxes, remuneration and social security | 45 | €12,655 | €6,968 | -€5,688 | -44.9% |
| Taxes | 450/3 | €12,655 | €6,968 | -€5,688 | -44.9% |
| Other amounts payable | 47/48 | €2,437 | €1,422 | -€1,015 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,490 | €6,270 | -€2,220 | -26.2% |
| Other operating charges | 640/8 | €4,535 | €4,131 | -€403 | -8.9% |
| Non-recurring operating charges | 66A | €5,896 | €0 | -€5,896 | -100% |
| Gross operating margin | 9900 | €137,281 | €179,197 | +€41,916 | +30.5% |
| Operating profit (loss) | 9901 | €118,361 | €168,796 | +€50,436 | +42.6% |
| Financial income | 75/76B | €8,458 | €20,816 | +€12,358 | +146% |
| Recurring financial income | 75 | €8,458 | €10,011 | +€1,554 | +18.4% |
| Non-recurring financial income | 76B | €0 | €10,805 | +€10,805 | |
| Financial charges | 65/66B | €6,813 | €5,531 | -€1,282 | -18.8% |
| Recurring financial charges | 65 | €6,813 | €5,531 | -€1,282 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €120,005 | €184,081 | +€64,076 | +53.4% |
| Income taxes | 67/77 | €38,241 | €65,227 | +€26,987 | +70.6% |
| Profit (loss) for the period | 9904 | €81,764 | €118,854 | +€37,089 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,764 | €118,854 | +€37,089 | +45.4% |
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 17 October 2026 via checked.be.