CARO: 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.
CARO
Largest movements
- Cash +€10,756
up €10,756 (+300.1%), from €3,584 to €14,340
mainly Net result for the year (+€11,180) and Other debts (+€2,878)
- Receivables within one year -€1,138
down €1,138 (-83.6%), from €1,362 to €224
- Deferred charges and accrued income +€407
new in 2025: €407
- Profit (loss) carried forward +€11,180
up €11,180 (+9.0%), from -€124,586 to -€113,406
- Trade debts -€4,120
down €4,120 (-70.4%), from €5,855 to €1,735
- Other debts +€2,878
up €2,878 (+2.7%), from €107,110 to €109,988
- Gross operating margin +€25,427
up €25,427, from -€3,068 to €22,359
- Staff costs +€8,824
up €8,824 (+487.2%), from €1,811 to €10,635
- Financial charges +€226
up €226 (+213.2%), from €106 to €332
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 | €8,596 | €18,662 | +€10,066 | +117.1% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €5,596 | €15,662 | +€10,066 | +179.9% |
| Stocks and contracts in progress | 3 | €650 | €691 | +€41 | +6.3% |
| Stocks | 30/36 | €650 | €691 | +€41 | +6.3% |
| Amounts receivable within one year | 40/41 | €1,362 | €224 | -€1,138 | -83.6% |
| Other amounts receivable | 41 | €1,362 | €224 | -€1,138 | -83.6% |
| Cash at bank and in hand | 54/58 | €3,584 | €14,340 | +€10,756 | +300.1% |
| Deferred charges and accrued income | 490/1 | - | €407 | +€407 | |
| Total equity and liabilities | 10/49 | €8,596 | €18,662 | +€10,066 | +117.1% |
| Equity | 10/15 | -€104,884 | -€93,704 | +€11,180 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,502 | €13,502 | = | 0.0% |
| Distributable reserves | 133 | €13,502 | €13,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,586 | -€113,406 | +€11,180 | +9.0% |
| Amounts payable | 17/49 | €113,480 | €112,366 | -€1,114 | -1.0% |
| Amounts payable within one year | 42/48 | €113,480 | €112,366 | -€1,114 | -1.0% |
| Trade debts | 44 | €5,855 | €1,735 | -€4,120 | -70.4% |
| Suppliers | 440/4 | €5,855 | €1,735 | -€4,120 | -70.4% |
| Taxes, remuneration and social security | 45 | €515 | €643 | +€128 | +24.9% |
| Taxes | 450/3 | €29 | €243 | +€214 | +737.9% |
| Remuneration and social security | 454/9 | €486 | €400 | -€86 | -17.7% |
| Other amounts payable | 47/48 | €107,110 | €109,988 | +€2,878 | +2.7% |
| Remuneration, social security and pensions | 62 | €1,811 | €10,635 | +€8,824 | +487.2% |
| Other operating charges | 640/8 | €293 | €214 | -€79 | -27.0% |
| Gross operating margin | 9900 | -€3,068 | €22,359 | +€25,427 | |
| Operating profit (loss) | 9901 | -€5,172 | €11,510 | +€16,682 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €106 | €332 | +€226 | +213.2% |
| Recurring financial charges | 65 | €106 | €332 | +€226 | +213.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,278 | €11,180 | +€16,458 | |
| Profit (loss) for the period | 9904 | -€5,278 | €11,180 | +€16,458 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,278 | €11,180 | +€16,458 |
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 7 October 2026 via checked.be.