CAROLINE BRADFER: 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.
CAROLINE BRADFER
Largest movements
- Tangible fixed assets -€2,191
down €2,191 (-13.9%), from €15,773 to €13,582
of which Furniture and vehicles: -€4,358
- Cash +€1,457
up €1,457 (+2.5%), from €57,916 to €59,373
mainly Depreciation (+€5,268) and Net result for the year (+€2,530)
- Receivables within one year -€1,300
down €1,300 (-100%), from €1,300 to €0
of which Trade receivables: -€1,300
- Debts after one year -€4,281
down €4,281 (-49.1%), from €8,716 to €4,435
- Profit (loss) carried forward +€2,530
up €2,530 (+6.0%), from €42,106 to €44,636
- Gross operating margin -€10,648
down €10,648 (-40.9%), from €26,007 to €15,359
- Taxes +€1,710
up €1,710 (+37.9%), from €4,515 to €6,225
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 | €75,061 | €73,027 | -€2,034 | -2.7% |
| Fixed assets | 21/28 | €15,773 | €13,582 | -€2,191 | -13.9% |
| Tangible fixed assets | 22/27 | €15,773 | €13,582 | -€2,191 | -13.9% |
| Land and buildings | 22 | - | €2,167 | +€2,167 | |
| Furniture and vehicles | 24 | €15,773 | €11,415 | -€4,358 | -27.6% |
| Current assets | 29/58 | €59,288 | €59,445 | +€157 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,300 | €0 | -€1,300 | -100% |
| Trade receivables | 40 | €1,300 | €0 | -€1,300 | -100% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €57,916 | €59,373 | +€1,457 | +2.5% |
| Deferred charges and accrued income | 490/1 | €72 | €72 | = | 0.0% |
| Total equity and liabilities | 10/49 | €75,061 | €73,027 | -€2,034 | -2.7% |
| Equity | 10/15 | €46,106 | €48,636 | +€2,530 | +5.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,106 | €44,636 | +€2,530 | +6.0% |
| Investment grants | 15 | - | €0 | = | |
| Amounts payable | 17/49 | €28,954 | €24,391 | -€4,563 | -15.8% |
| Amounts payable after more than one year | 17 | €8,716 | €4,435 | -€4,281 | -49.1% |
| Financial debts | 170/4 | €8,716 | €4,435 | -€4,281 | -49.1% |
| Amounts payable within one year | 42/48 | €20,239 | €19,956 | -€282 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €4,133 | €4,281 | +€148 | +3.6% |
| Trade debts | 44 | €151 | €152 | +€1 | +0.5% |
| Suppliers | 440/4 | €151 | €152 | +€1 | +0.5% |
| Taxes, remuneration and social security | 45 | €10,120 | €9,690 | -€431 | -4.3% |
| Taxes | 450/3 | €10,120 | €9,690 | -€431 | -4.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €5,834 | €5,834 | = | 0.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,239 | €5,268 | +€30 | +0.6% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €26,007 | €15,359 | -€10,648 | -40.9% |
| Operating profit (loss) | 9901 | €20,095 | €9,396 | -€10,700 | -53.2% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €742 | €646 | -€96 | -12.9% |
| Recurring financial charges | 65 | €742 | €646 | -€96 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €19,354 | €8,755 | -€10,599 | -54.8% |
| Income taxes | 67/77 | €4,515 | €6,225 | +€1,710 | +37.9% |
| Profit (loss) for the period | 9904 | €14,839 | €2,530 | -€12,309 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,839 | €2,530 | -€12,309 | -83.0% |
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 22 October 2026 via checked.be.