CARO MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€14,746
up €14,746 (+111.4%), from €13,233 to €27,978
mainly Net result for the year (+€96,753) and Tax, wage and social debts (+€5,741)
- Receivables within one year +€12,000
new in 2025: €12,000
- Reserves +€644,053
new in 2025: €644,053
- Profit (loss) carried forward -€547,300
no longer reported in 2025 (was €547,300)
- Other debts -€75,516
down €75,516 (-13.6%), from €555,500 to €479,984
- Financial income -€475,000
down €475,000 (-86.4%), from €550,000 to €75,000
- Gross operating margin +€32,332
up €32,332, from -€1,431 to €30,901
- Taxes +€5,741
up €5,741 (+8208.8%), from €70 to €5,811
- Financial charges +€1,670
up €1,670 (+205.5%), from €813 to €2,482
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 | €1,113,233 | €1,142,157 | +€28,924 | +2.6% |
| Fixed assets | 21/28 | €1,100,000 | €1,102,178 | +€2,178 | +0.2% |
| Tangible fixed assets | 22/27 | - | €2,178 | +€2,178 | |
| Plant, machinery and equipment | 23 | - | €2,178 | +€2,178 | |
| Financial fixed assets | 28 | €1,100,000 | €1,100,000 | = | 0.0% |
| Current assets | 29/58 | €13,233 | €39,978 | +€26,746 | +202.1% |
| Amounts receivable within one year | 40/41 | - | €12,000 | +€12,000 | |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €13,233 | €27,978 | +€14,746 | +111.4% |
| Total equity and liabilities | 10/49 | €1,113,233 | €1,142,157 | +€28,924 | +2.6% |
| Equity | 10/15 | €557,300 | €654,053 | +€96,753 | +17.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €644,053 | +€644,053 | |
| Distributable reserves | 133 | - | €644,053 | +€644,053 | |
| Profit (loss) carried forward | 14 | €547,300 | - | -€547,300 | |
| Amounts payable | 17/49 | €555,933 | €488,104 | -€67,829 | -12.2% |
| Amounts payable within one year | 42/48 | €555,933 | €488,104 | -€67,829 | -12.2% |
| Trade debts | 44 | €363 | €2,309 | +€1,946 | +536.1% |
| Suppliers | 440/4 | €363 | €2,309 | +€1,946 | +536.1% |
| Taxes, remuneration and social security | 45 | €70 | €5,811 | +€5,741 | +8208.8% |
| Taxes | 450/3 | €70 | €5,811 | +€5,741 | +8208.8% |
| Other amounts payable | 47/48 | €555,500 | €479,984 | -€75,516 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €265 | +€265 | |
| Other operating charges | 640/8 | €387 | €589 | +€202 | +52.2% |
| Gross operating margin | 9900 | -€1,431 | €30,901 | +€32,332 | |
| Operating profit (loss) | 9901 | -€1,818 | €30,046 | +€31,864 | |
| Financial income | 75/76B | €550,000 | €75,000 | -€475,000 | -86.4% |
| Recurring financial income | 75 | €550,000 | €75,000 | -€475,000 | -86.4% |
| Financial charges | 65/66B | €813 | €2,482 | +€1,670 | +205.5% |
| Recurring financial charges | 65 | €813 | €2,482 | +€1,670 | +205.5% |
| Profit (loss) for the period before taxes | 9903 | €547,370 | €102,564 | -€444,805 | -81.3% |
| Income taxes | 67/77 | €70 | €5,811 | +€5,741 | +8208.8% |
| Profit (loss) for the period | 9904 | €547,300 | €96,753 | -€450,547 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €547,300 | €96,753 | -€450,547 | -82.3% |
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 11 October 2026 via checked.be.