Caro-Tile: 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-Tile
Largest movements
- Receivables within one year +€180,919
up €180,919 (+297%), from €60,825 to €241,745
of which Other amounts receivable: +€152,080
- Cash -€28,080
down €28,080 (-55.0%), from €51,047 to €22,968
mainly Receivables within one year (-€180,919) and Investment in fixed assets (net) (-€3,980)
- Tangible fixed assets -€13,581
down €13,581 (-33.2%), from €40,957 to €27,376
of which Furniture and vehicles: -€12,710
- Trade debts +€97,196
up €97,196 (+5,905%), from €1,646 to €98,842
- Reserves +€25,482
up €25,482 (+18.2%), from €139,739 to €165,221
of which Distributable reserves: +€25,482
- Tax, wage and social debts +€18,341
up €18,341 (+194%), from €9,464 to €27,805
of which Taxes: +€12,829
- Other operating charges -€57,424
down €57,424 (-94.3%), from €60,893 to €3,469
- Gross operating margin -€55,211
down €55,211 (-43.8%), from €126,091 to €70,880
- Depreciation -€6,867
down €6,867 (-28.1%), from €24,428 to €17,560
- Staff costs +€4,412
up €4,412 (+670%), from €658 to €5,070
- Financial charges +€4,269
up €4,269 (+113%), from €3,786 to €8,055
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 | €157,049 | €298,069 | +€141,020 | +89.8% |
| Fixed assets | 21/28 | €40,957 | €27,376 | -€13,581 | -33.2% |
| Tangible fixed assets | 22/27 | €40,957 | €27,376 | -€13,581 | -33.2% |
| Land and buildings | 22 | €2,280 | €2,020 | -€260 | -11.4% |
| Plant, machinery and equipment | 23 | €840 | €534 | -€305 | -36.4% |
| Furniture and vehicles | 24 | €36,340 | €23,630 | -€12,710 | -35.0% |
| Other tangible fixed assets | 26 | €1,497 | €1,192 | -€306 | -20.4% |
| Current assets | 29/58 | €116,092 | €270,692 | +€154,600 | +133% |
| Amounts receivable within one year | 40/41 | €60,825 | €241,745 | +€180,919 | +297% |
| Trade receivables | 40 | €0 | €28,839 | +€28,839 | |
| Other amounts receivable | 41 | €60,825 | €212,905 | +€152,080 | +250% |
| Cash at bank and in hand | 54/58 | €51,047 | €22,968 | -€28,080 | -55.0% |
| Deferred charges and accrued income | 490/1 | €4,220 | €5,980 | +€1,761 | +41.7% |
| Total equity and liabilities | 10/49 | €157,049 | €298,069 | +€141,020 | +89.8% |
| Equity | 10/15 | €145,939 | €171,421 | +€25,482 | +17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,739 | €165,221 | +€25,482 | +18.2% |
| 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 | €137,879 | €163,361 | +€25,482 | +18.5% |
| Amounts payable | 17/49 | €11,110 | €126,647 | +€115,537 | +1,040% |
| Amounts payable within one year | 42/48 | €11,110 | €126,647 | +€115,537 | +1,040% |
| Trade debts | 44 | €1,646 | €98,842 | +€97,196 | +5,905% |
| Suppliers | 440/4 | €1,646 | €98,842 | +€97,196 | +5,905% |
| Taxes, remuneration and social security | 45 | €9,464 | €27,805 | +€18,341 | +194% |
| Taxes | 450/3 | €9,464 | €22,293 | +€12,829 | +136% |
| Remuneration and social security | 454/9 | €0 | €5,513 | +€5,513 | |
| Remuneration, social security and pensions | 62 | €658 | €5,070 | +€4,412 | +670% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,428 | €17,560 | -€6,867 | -28.1% |
| Other operating charges | 640/8 | €60,893 | €3,469 | -€57,424 | -94.3% |
| Gross operating margin | 9900 | €126,091 | €70,880 | -€55,211 | -43.8% |
| Operating profit (loss) | 9901 | €40,112 | €44,780 | +€4,669 | +11.6% |
| Financial income | 75/76B | €0 | €3 | +€2 | +650% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +650% |
| Financial charges | 65/66B | €3,786 | €8,055 | +€4,269 | +113% |
| Recurring financial charges | 65 | €3,786 | €8,055 | +€4,269 | +113% |
| Profit (loss) for the period before taxes | 9903 | €36,326 | €36,728 | +€402 | +1.1% |
| Income taxes | 67/77 | €9,798 | €11,246 | +€1,448 | +14.8% |
| Profit (loss) for the period | 9904 | €26,528 | €25,482 | -€1,046 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,528 | €25,482 | -€1,046 | -3.9% |
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 18 October 2026 via checked.be.