CaRo DeMer: 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 DeMer
Largest movements
- Cash -€167
down €167 (-29.6%), from €566 to €399
mainly Other debts (-€59,715) and Net result for the year (-€6,462)
- Debts after one year +€66,897
new in 2025: €66,897
- Other debts -€59,715
down €59,715 (-100%), from €59,715 to €0
- Profit (loss) carried forward -€6,462
down €6,462 (-4.9%), from -€132,996 to -€139,458
- Trade debts -€970
down €970 (-37.8%), from €2,564 to €1,594
- Depreciation -€8,423
down €8,423 (-99.0%), from €8,506 to €83
- Gross operating margin -€5,272
down €5,272 (-1,032%), from -€511 to -€5,783
- Other operating charges -€1,574
down €1,574 (-74.7%), from €2,108 to €533
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 | €11,542 | €11,292 | -€250 | -2.2% |
| Fixed assets | 21/28 | €642 | €560 | -€83 | -12.8% |
| Tangible fixed assets | 22/27 | €642 | €560 | -€83 | -12.8% |
| Land and buildings | 22 | €642 | €560 | -€83 | -12.8% |
| Current assets | 29/58 | €10,899 | €10,732 | -€167 | -1.5% |
| Amounts receivable within one year | 40/41 | €10,333 | €10,333 | = | 0.0% |
| Other amounts receivable | 41 | €10,333 | €10,333 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €566 | €399 | -€167 | -29.6% |
| Total equity and liabilities | 10/49 | €11,542 | €11,292 | -€250 | -2.2% |
| Equity | 10/15 | -€70,996 | -€77,458 | -€6,462 | -9.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,996 | -€139,458 | -€6,462 | -4.9% |
| Provisions and deferred taxes | 16 | €20,259 | €20,259 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,259 | €20,259 | = | 0.0% |
| Environmental obligations | 163 | - | €20,259 | +€20,259 | |
| Other liabilities and charges | 164/5 | €20,259 | - | -€20,259 | |
| Amounts payable | 17/49 | €62,279 | €68,491 | +€6,212 | +10.0% |
| Amounts payable after more than one year | 17 | - | €66,897 | +€66,897 | |
| Financial debts | 170/4 | - | €66,897 | +€66,897 | |
| Amounts payable within one year | 42/48 | €62,279 | €1,594 | -€60,685 | -97.4% |
| Trade debts | 44 | €2,564 | €1,594 | -€970 | -37.8% |
| Suppliers | 440/4 | €2,564 | €1,594 | -€970 | -37.8% |
| Other amounts payable | 47/48 | €59,715 | €0 | -€59,715 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,506 | €83 | -€8,423 | -99.0% |
| Other operating charges | 640/8 | €2,108 | €533 | -€1,574 | -74.7% |
| Gross operating margin | 9900 | -€511 | -€5,783 | -€5,272 | -1,032% |
| Operating profit (loss) | 9901 | -€11,124 | -€6,398 | +€4,726 | +42.5% |
| Financial charges | 65/66B | €24 | €63 | +€39 | +163% |
| Recurring financial charges | 65 | €24 | €63 | +€39 | +163% |
| Profit (loss) for the period before taxes | 9903 | -€11,148 | -€6,462 | +€4,687 | +42.0% |
| Profit (loss) for the period | 9904 | -€11,148 | -€6,462 | +€4,687 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,148 | -€6,462 | +€4,687 | +42.0% |
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 29 October 2026 via checked.be.