CARO33: 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.
CARO33
Largest movements
- Tangible fixed assets -€4,575
down €4,575 (-30.0%), from €15,246 to €10,671
of which Plant, machinery and equipment: -€3,635
- Deferred charges and accrued income +€1,525
new in 2025: €1,525
- Cash -€905
down €905 (-5.1%), from €17,892 to €16,987
mainly Net result for the year (-€12,304) and Other debts (-€7,191)
- Profit (loss) carried forward -€12,304
down €12,304, from €4,597 to -€7,707
- Tax, wage and social debts +€11,461
up €11,461 (+177%), from €6,475 to €17,936
of which Remuneration and social security: +€11,194
- Other debts -€7,191
down €7,191 (-86.1%), from €8,348 to €1,157
- Accrued charges and deferred income +€4,011
new in 2025: €4,011
- Gross operating margin -€24,397
down €24,397, from €21,728 to -€2,670
- Staff costs +€2,834
up €2,834 (+681%), from €416 to €3,250
- Depreciation -€428
down €428 (-8.5%), from €5,003 to €4,575
- Financial charges +€345
up €345 (+745%), from €46 to €391
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 | €33,890 | €30,203 | -€3,688 | -10.9% |
| Fixed assets | 21/28 | €15,246 | €10,671 | -€4,575 | -30.0% |
| Tangible fixed assets | 22/27 | €15,246 | €10,671 | -€4,575 | -30.0% |
| Plant, machinery and equipment | 23 | €12,702 | €9,067 | -€3,635 | -28.6% |
| Furniture and vehicles | 24 | €2,544 | €1,604 | -€940 | -37.0% |
| Current assets | 29/58 | €18,645 | €19,532 | +€887 | +4.8% |
| Amounts receivable within one year | 40/41 | €753 | €1,019 | +€267 | +35.5% |
| Other amounts receivable | 41 | €753 | €1,019 | +€267 | +35.5% |
| Cash at bank and in hand | 54/58 | €17,892 | €16,987 | -€905 | -5.1% |
| Deferred charges and accrued income | 490/1 | - | €1,525 | +€1,525 | |
| Total equity and liabilities | 10/49 | €33,890 | €30,203 | -€3,688 | -10.9% |
| Equity | 10/15 | €18,542 | €6,237 | -€12,304 | -66.4% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €544 | €544 | = | 0.0% |
| Non-distributable reserves | 130/1 | €544 | €544 | = | 0.0% |
| Reserves not available under the articles | 1311 | €544 | €544 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,597 | -€7,707 | -€12,304 | |
| Amounts payable | 17/49 | €15,349 | €23,965 | +€8,616 | +56.1% |
| Amounts payable within one year | 42/48 | €15,349 | €19,954 | +€4,605 | +30.0% |
| Trade debts | 44 | €525 | €861 | +€335 | +63.8% |
| Suppliers | 440/4 | €525 | €861 | +€335 | +63.8% |
| Taxes, remuneration and social security | 45 | €6,475 | €17,936 | +€11,461 | +177% |
| Taxes | 450/3 | €4,406 | €4,673 | +€267 | +6.1% |
| Remuneration and social security | 454/9 | €2,070 | €13,264 | +€11,194 | +541% |
| Other amounts payable | 47/48 | €8,348 | €1,157 | -€7,191 | -86.1% |
| Accrued charges and deferred income | 492/3 | - | €4,011 | +€4,011 | |
| Remuneration, social security and pensions | 62 | €416 | €3,250 | +€2,834 | +681% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,003 | €4,575 | -€428 | -8.5% |
| Other operating charges | 640/8 | €1,203 | €1,419 | +€215 | +17.9% |
| Gross operating margin | 9900 | €21,728 | -€2,670 | -€24,397 | |
| Operating profit (loss) | 9901 | €15,106 | -€11,913 | -€27,019 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €46 | €391 | +€345 | +745% |
| Recurring financial charges | 65 | €46 | €391 | +€345 | +745% |
| Profit (loss) for the period before taxes | 9903 | €15,059 | -€12,304 | -€27,364 | |
| Profit (loss) for the period | 9904 | €15,059 | -€12,304 | -€27,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,059 | -€12,304 | -€27,364 |
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 13 October 2026 via checked.be.