Caro De Proft: 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 De Proft
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Cash -€43,450
down €43,450 (-57.4%), from €75,718 to €32,269
mainly Current investments (-€75,000) and Other debts (-€2,552)
- Deferred charges and accrued income -€2,082
down €2,082 (-18.6%), from €11,192 to €9,110
- Tangible fixed assets -€1,295
down €1,295 (-31.6%), from €4,098 to €2,803
of which Plant, machinery and equipment: -€982
- Reserves +€34,229
up €34,229 (+43.9%), from €78,045 to €112,274
- Other debts -€2,552
down €2,552 (-46.5%), from €5,492 to €2,940
- Accrued charges and deferred income -€2,370
down €2,370 (-94.8%), from €2,500 to €130
- Gross operating margin -€3,272
down €3,272 (-6.5%), from €50,054 to €46,782
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 | €91,308 | €120,049 | +€28,740 | +31.5% |
| Fixed assets | 21/28 | €4,098 | €2,803 | -€1,295 | -31.6% |
| Tangible fixed assets | 22/27 | €4,098 | €2,803 | -€1,295 | -31.6% |
| Plant, machinery and equipment | 23 | €3,654 | €2,672 | -€982 | -26.9% |
| Furniture and vehicles | 24 | €443 | €130 | -€313 | -70.6% |
| Current assets | 29/58 | €87,211 | €117,246 | +€30,035 | +34.4% |
| Amounts receivable within one year | 40/41 | €300 | €867 | +€567 | +189% |
| Other amounts receivable | 41 | €300 | €867 | +€567 | +189% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €75,718 | €32,269 | -€43,450 | -57.4% |
| Deferred charges and accrued income | 490/1 | €11,192 | €9,110 | -€2,082 | -18.6% |
| Total equity and liabilities | 10/49 | €91,308 | €120,049 | +€28,740 | +31.5% |
| Equity | 10/15 | €81,045 | €115,274 | +€34,229 | +42.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €78,045 | €112,274 | +€34,229 | +43.9% |
| Distributable reserves | 133 | €78,045 | €112,274 | +€34,229 | +43.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,264 | €4,775 | -€5,489 | -53.5% |
| Amounts payable within one year | 42/48 | €7,764 | €4,644 | -€3,119 | -40.2% |
| Trade debts | 44 | €673 | €1,255 | +€582 | +86.4% |
| Suppliers | 440/4 | €673 | €1,255 | +€582 | +86.4% |
| Taxes, remuneration and social security | 45 | €1,599 | €450 | -€1,149 | -71.9% |
| Taxes | 450/3 | €1,599 | €450 | -€1,149 | -71.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,492 | €2,940 | -€2,552 | -46.5% |
| Accrued charges and deferred income | 492/3 | €2,500 | €130 | -€2,370 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €1,295 | = | 0.0% |
| Other operating charges | 640/8 | - | €106 | +€106 | |
| Gross operating margin | 9900 | €50,054 | €46,782 | -€3,272 | -6.5% |
| Operating profit (loss) | 9901 | €48,759 | €45,381 | -€3,378 | -6.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +9,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9,900% |
| Financial charges | 65/66B | €2,120 | €2,020 | -€100 | -4.7% |
| Recurring financial charges | 65 | €2,120 | €2,020 | -€100 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €46,639 | €43,362 | -€3,277 | -7.0% |
| Income taxes | 67/77 | €9,542 | €9,133 | -€409 | -4.3% |
| Profit (loss) for the period | 9904 | €37,098 | €34,229 | -€2,868 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,098 | €34,229 | -€2,868 | -7.7% |
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 24 October 2026 via checked.be.