CARO BUILDING: 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.
CARO BUILDING
Largest movements
- Current investments +€148,238
up €148,238 (+29.5%), from €501,762 to €650,000
- Cash +€52,158
up €52,158 (+109%), from €47,688 to €99,846
mainly Net result for the year (+€198,854) and Trade debts (+€13,857)
- Receivables within one year +€22,974
up €22,974 (+454%), from €5,063 to €28,037
of which Trade receivables: +€20,000
- Reserves +€198,854
up €198,854 (+359%), from €55,397 to €254,251
of which Distributable reserves: +€198,854
- Trade debts +€13,857
up €13,857 (+839%), from €1,651 to €15,508
- Tax, wage and social debts +€12,349
up €12,349 (+172,957%), from €7 to €12,356
- Financial income +€195,568
up €195,568 (+1,117%), from €17,503 to €213,071
- Gross operating margin +€105,559
up €105,559 (+77.1%), from -€136,948 to -€31,389
- Taxes -€23,756
down €23,756, from €159 to -€23,597
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 | €561,810 | €785,047 | +€223,238 | +39.7% |
| Fixed assets | 21/28 | €5,409 | - | -€5,409 | |
| Tangible fixed assets | 22/27 | €5,409 | - | -€5,409 | |
| Furniture and vehicles | 24 | €5,409 | - | -€5,409 | |
| Current assets | 29/58 | €556,401 | €785,047 | +€228,647 | +41.1% |
| Amounts receivable within one year | 40/41 | €5,063 | €28,037 | +€22,974 | +454% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €5,063 | €8,037 | +€2,974 | +58.7% |
| Current investments | 50/53 | €501,762 | €650,000 | +€148,238 | +29.5% |
| Cash at bank and in hand | 54/58 | €47,688 | €99,846 | +€52,158 | +109% |
| Deferred charges and accrued income | 490/1 | €1,887 | €7,164 | +€5,277 | +280% |
| Total equity and liabilities | 10/49 | €561,810 | €785,047 | +€223,238 | +39.7% |
| Equity | 10/15 | €526,646 | €725,500 | +€198,854 | +37.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €55,397 | €254,251 | +€198,854 | +359% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €25,397 | €224,251 | +€198,854 | +783% |
| Profit (loss) carried forward | 14 | €171,249 | €171,249 | = | 0.0% |
| Amounts payable | 17/49 | €35,164 | €59,547 | +€24,383 | +69.3% |
| Amounts payable within one year | 42/48 | €35,164 | €59,547 | +€24,383 | +69.3% |
| Trade debts | 44 | €1,651 | €15,508 | +€13,857 | +839% |
| Suppliers | 440/4 | €1,651 | €15,508 | +€13,857 | +839% |
| Taxes, remuneration and social security | 45 | €7 | €12,356 | +€12,349 | +172,957% |
| Taxes | 450/3 | €7 | €12,356 | +€12,349 | +172,957% |
| Other amounts payable | 47/48 | €33,506 | €31,683 | -€1,823 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,336 | €5,409 | +€73 | +1.4% |
| Other operating charges | 640/8 | €657 | €611 | -€46 | -7.0% |
| Gross operating margin | 9900 | -€136,948 | -€31,389 | +€105,559 | +77.1% |
| Operating profit (loss) | 9901 | -€142,941 | -€37,410 | +€105,532 | +73.8% |
| Financial income | 75/76B | €17,503 | €213,071 | +€195,568 | +1,117% |
| Recurring financial income | 75 | €17,503 | €213,071 | +€195,568 | +1,117% |
| Financial charges | 65/66B | €132 | €404 | +€273 | +207% |
| Recurring financial charges | 65 | €132 | €404 | +€273 | +207% |
| Profit (loss) for the period before taxes | 9903 | -€125,570 | €175,257 | +€300,827 | |
| Income taxes | 67/77 | €159 | -€23,597 | -€23,756 | |
| Profit (loss) for the period | 9904 | -€125,728 | €198,854 | +€324,582 | |
| Profit (loss) for the period to be appropriated | 9905 | -€125,728 | €198,854 | +€324,582 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.