CARO CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets -€17,772
down €17,772 (-12.6%), from €141,024 to €123,252
of which Land and buildings: -€10,431
- Receivables within one year -€8,232
down €8,232 (-16.7%), from €49,196 to €40,965
of which Other amounts receivable: -€4,653
- Cash -€4,337
down €4,337 (-7.4%), from €58,247 to €53,910
mainly Contributions, distributions and other (-€27,680) and Debts after one year (-€19,528)
- Debts after one year -€19,528
down €19,528 (-27.9%), from €69,888 to €50,360
- Tax, wage and social debts -€9,635
down €9,635 (-85.1%), from €11,318 to €1,683
of which Taxes: -€7,131
- Trade debts +€3,299
up €3,299 (+81.0%), from €4,072 to €7,371
- Other debts -€2,591
down €2,591 (-3.0%), from €84,971 to €82,380
- Gross operating margin -€3,431
down €3,431 (-5.0%), from €68,855 to €65,424
- Depreciation +€2,804
up €2,804 (+18.7%), from €14,968 to €17,772
- Financial charges -€1,465
down €1,465 (-22.0%), from €6,671 to €5,206
- Taxes +€896
up €896 (+7.1%), from €12,579 to €13,475
- Financial income -€747
down €747 (-99.9%), from €748 to €1
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 | €248,467 | €219,545 | -€28,922 | -11.6% |
| Fixed assets | 21/28 | €141,024 | €123,252 | -€17,772 | -12.6% |
| Tangible fixed assets | 22/27 | €141,024 | €123,252 | -€17,772 | -12.6% |
| Land and buildings | 22 | €107,819 | €97,389 | -€10,431 | -9.7% |
| Furniture and vehicles | 24 | €33,204 | €25,863 | -€7,341 | -22.1% |
| Current assets | 29/58 | €107,443 | €96,294 | -€11,150 | -10.4% |
| Amounts receivable within one year | 40/41 | €49,196 | €40,965 | -€8,232 | -16.7% |
| Trade receivables | 40 | €43,656 | €40,078 | -€3,578 | -8.2% |
| Other amounts receivable | 41 | €5,540 | €887 | -€4,653 | -84.0% |
| Cash at bank and in hand | 54/58 | €58,247 | €53,910 | -€4,337 | -7.4% |
| Deferred charges and accrued income | 490/1 | - | €1,418 | +€1,418 | |
| Total equity and liabilities | 10/49 | €248,467 | €219,545 | -€28,922 | -11.6% |
| Equity | 10/15 | €59,822 | €58,223 | -€1,599 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,622 | €52,023 | -€1,599 | -3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,762 | €50,163 | -€1,599 | -3.1% |
| Amounts payable | 17/49 | €188,645 | €161,322 | -€27,323 | -14.5% |
| Amounts payable after more than one year | 17 | €69,888 | €50,360 | -€19,528 | -27.9% |
| Financial debts | 170/4 | €69,888 | €50,360 | -€19,528 | -27.9% |
| Amounts payable within one year | 42/48 | €118,757 | €110,962 | -€7,795 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €18,397 | €19,528 | +€1,131 | +6.1% |
| Trade debts | 44 | €4,072 | €7,371 | +€3,299 | +81.0% |
| Suppliers | 440/4 | €4,072 | €7,371 | +€3,299 | +81.0% |
| Taxes, remuneration and social security | 45 | €11,318 | €1,683 | -€9,635 | -85.1% |
| Taxes | 450/3 | €8,814 | €1,683 | -€7,131 | -80.9% |
| Remuneration and social security | 454/9 | €2,504 | - | -€2,504 | |
| Other amounts payable | 47/48 | €84,971 | €82,380 | -€2,591 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,968 | €17,772 | +€2,804 | +18.7% |
| Other operating charges | 640/8 | €3,122 | €2,891 | -€231 | -7.4% |
| Gross operating margin | 9900 | €68,855 | €65,424 | -€3,431 | -5.0% |
| Operating profit (loss) | 9901 | €50,765 | €44,761 | -€6,004 | -11.8% |
| Financial income | 75/76B | €748 | €1 | -€747 | -99.9% |
| Recurring financial income | 75 | €748 | €1 | -€747 | -99.9% |
| Financial charges | 65/66B | €6,671 | €5,206 | -€1,465 | -22.0% |
| Recurring financial charges | 65 | €6,671 | €5,206 | -€1,465 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €44,842 | €39,556 | -€5,286 | -11.8% |
| Income taxes | 67/77 | €12,579 | €13,475 | +€896 | +7.1% |
| Profit (loss) for the period | 9904 | €32,262 | €26,081 | -€6,181 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,262 | €26,081 | -€6,181 | -19.2% |
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 21 October 2026 via checked.be.