Caro's: 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's
Largest movements
- Receivables within one year +€50,936
up €50,936 (+1,030%), from €4,947 to €55,882
of which Other amounts receivable: +€42,449
- Tangible fixed assets -€23,968
down €23,968 (-19.9%), from €120,419 to €96,451
- Cash +€13,152
up €13,152 (+14.8%), from €88,691 to €101,842
mainly Trade debts (+€34,720) and Depreciation (+€27,593)
- Stocks and contracts +€3,882
up €3,882 (+16.5%), from €23,468 to €27,350
- Trade debts +€34,720
up €34,720 (+158%), from €21,914 to €56,635
- Reserves +€20,998
up €20,998 (+16.7%), from €125,751 to €146,749
- Tax, wage and social debts -€6,334
down €6,334 (-12.0%), from €52,644 to €46,310
of which Remuneration and social security: -€7,116
- Staff costs +€51,167
up €51,167 (+15.5%), from €329,797 to €380,964
- Gross operating margin +€39,888
up €39,888 (+9.4%), from €422,622 to €462,510
- Taxes +€9,718
up €9,718 (+84.3%), from €11,523 to €21,241
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,700 | €284,308 | +€44,607 | +18.6% |
| Fixed assets | 21/28 | €120,419 | €96,451 | -€23,968 | -19.9% |
| Tangible fixed assets | 22/27 | €120,419 | €96,451 | -€23,968 | -19.9% |
| Plant, machinery and equipment | 23 | €17,955 | €9,833 | -€8,121 | -45.2% |
| Furniture and vehicles | 24 | €14,619 | €11,485 | -€3,134 | -21.4% |
| Leasing and similar rights | 25 | €16,134 | €12,126 | -€4,008 | -24.8% |
| Other tangible fixed assets | 26 | €71,711 | €63,006 | -€8,705 | -12.1% |
| Current assets | 29/58 | €119,281 | €187,856 | +€68,575 | +57.5% |
| Stocks and contracts in progress | 3 | €23,468 | €27,350 | +€3,882 | +16.5% |
| Stocks | 30/36 | €23,468 | €27,350 | +€3,882 | +16.5% |
| Amounts receivable within one year | 40/41 | €4,947 | €55,882 | +€50,936 | +1,030% |
| Trade receivables | 40 | €4,317 | €12,804 | +€8,487 | +197% |
| Other amounts receivable | 41 | €630 | €43,078 | +€42,449 | +6,743% |
| Cash at bank and in hand | 54/58 | €88,691 | €101,842 | +€13,152 | +14.8% |
| Deferred charges and accrued income | 490/1 | €2,176 | €2,781 | +€606 | +27.8% |
| Total equity and liabilities | 10/49 | €239,700 | €284,308 | +€44,607 | +18.6% |
| Equity | 10/15 | €150,751 | €171,749 | +€20,998 | +13.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €125,751 | €146,749 | +€20,998 | +16.7% |
| Distributable reserves | 133 | €125,751 | €146,749 | +€20,998 | +16.7% |
| Amounts payable | 17/49 | €88,949 | €112,558 | +€23,609 | +26.5% |
| Amounts payable after more than one year | 17 | €9,614 | €7,015 | -€2,599 | -27.0% |
| Financial debts | 170/4 | €9,614 | €7,015 | -€2,599 | -27.0% |
| Amounts payable within one year | 42/48 | €79,335 | €105,544 | +€26,208 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €3,812 | €2,599 | -€1,213 | -31.8% |
| Trade debts | 44 | €21,914 | €56,635 | +€34,720 | +158% |
| Suppliers | 440/4 | €21,914 | €56,635 | +€34,720 | +158% |
| Taxes, remuneration and social security | 45 | €52,644 | €46,310 | -€6,334 | -12.0% |
| Taxes | 450/3 | €39,739 | €40,522 | +€782 | +2.0% |
| Remuneration and social security | 454/9 | €12,904 | €5,788 | -€7,116 | -55.1% |
| Other amounts payable | 47/48 | €965 | €0 | -€965 | -100% |
| Remuneration, social security and pensions | 62 | €329,797 | €380,964 | +€51,167 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,801 | €27,593 | -€2,208 | -7.4% |
| Other operating charges | 640/8 | €10,981 | €8,442 | -€2,539 | -23.1% |
| Non-recurring operating charges | 66A | €205 | €0 | -€205 | -100% |
| Gross operating margin | 9900 | €422,622 | €462,510 | +€39,888 | +9.4% |
| Operating profit (loss) | 9901 | €51,838 | €45,511 | -€6,327 | -12.2% |
| Financial income | 75/76B | €8 | €3,018 | +€3,009 | +35,445% |
| Recurring financial income | 75 | €8 | €3,018 | +€3,009 | +35,445% |
| Financial charges | 65/66B | €5,367 | €6,289 | +€922 | +17.2% |
| Recurring financial charges | 65 | €5,367 | €6,289 | +€922 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €46,480 | €42,240 | -€4,240 | -9.1% |
| Income taxes | 67/77 | €11,523 | €21,241 | +€9,718 | +84.3% |
| Profit (loss) for the period | 9904 | €34,956 | €20,998 | -€13,958 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,956 | €20,998 | -€13,958 | -39.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.