CAROLINE et DAVID: 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 et DAVID
Largest movements
- Tangible fixed assets -€9,430
down €9,430 (-14.8%), from €63,633 to €54,203
of which Other tangible fixed assets: -€7,929
- Receivables within one year -€8,618
down €8,618 (-48.8%), from €17,660 to €9,042
of which Other amounts receivable: -€10,723
- Cash -€7,852
down €7,852 (-69.4%), from €11,307 to €3,455
mainly Net result for the year (-€19,645) and Trade debts (-€19,470)
- Stocks and contracts -€5,589
down €5,589 (-48.5%), from €11,527 to €5,937
- Deferred charges and accrued income -€3,540
down €3,540 (-77.1%), from €4,593 to €1,053
- Profit (loss) carried forward -€19,645
down €19,645 (-13.4%), from -€146,379 to -€166,024
- Trade debts -€19,470
down €19,470 (-49.6%), from €39,237 to €19,767
- Debts after one year +€12,704
up €12,704 (+10.2%), from €124,582 to €137,285
of which Other amounts payable: +€14,704
- Tax, wage and social debts -€8,619
down €8,619 (-11.6%), from €74,369 to €65,751
of which Remuneration and social security: -€28,510
- Gross operating margin +€42,770
up €42,770 (+51.9%), from €82,380 to €125,151
- Staff costs +€14,507
up €14,507 (+12.3%), from €118,037 to €132,544
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 | €116,260 | €81,230 | -€35,030 | -30.1% |
| Fixed assets | 21/28 | €71,172 | €61,742 | -€9,430 | -13.2% |
| Tangible fixed assets | 22/27 | €63,633 | €54,203 | -€9,430 | -14.8% |
| Plant, machinery and equipment | 23 | €1,251 | €949 | -€301 | -24.1% |
| Furniture and vehicles | 24 | €4,127 | €2,928 | -€1,199 | -29.1% |
| Other tangible fixed assets | 26 | €58,254 | €50,326 | -€7,929 | -13.6% |
| Financial fixed assets | 28 | €7,540 | €7,540 | = | 0.0% |
| Current assets | 29/58 | €45,088 | €19,488 | -€25,600 | -56.8% |
| Stocks and contracts in progress | 3 | €11,527 | €5,937 | -€5,589 | -48.5% |
| Stocks | 30/36 | €11,527 | €5,937 | -€5,589 | -48.5% |
| Amounts receivable within one year | 40/41 | €17,660 | €9,042 | -€8,618 | -48.8% |
| Trade receivables | 40 | €2,114 | €4,219 | +€2,105 | +99.6% |
| Other amounts receivable | 41 | €15,546 | €4,823 | -€10,723 | -69.0% |
| Cash at bank and in hand | 54/58 | €11,307 | €3,455 | -€7,852 | -69.4% |
| Deferred charges and accrued income | 490/1 | €4,593 | €1,053 | -€3,540 | -77.1% |
| Total equity and liabilities | 10/49 | €116,260 | €81,230 | -€35,030 | -30.1% |
| Equity | 10/15 | -€125,928 | -€145,573 | -€19,645 | -15.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,379 | -€166,024 | -€19,645 | -13.4% |
| Amounts payable | 17/49 | €242,188 | €226,803 | -€15,385 | -6.4% |
| Amounts payable after more than one year | 17 | €124,582 | €137,285 | +€12,704 | +10.2% |
| Financial debts | 170/4 | €97,405 | €95,405 | -€2,000 | -2.1% |
| Other amounts payable | 178/9 | €27,177 | €41,881 | +€14,704 | +54.1% |
| Amounts payable within one year | 42/48 | €117,606 | €89,518 | -€28,089 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €39,237 | €19,767 | -€19,470 | -49.6% |
| Suppliers | 440/4 | €39,237 | €19,767 | -€19,470 | -49.6% |
| Taxes, remuneration and social security | 45 | €74,369 | €65,751 | -€8,619 | -11.6% |
| Taxes | 450/3 | €29,464 | €49,355 | +€19,892 | +67.5% |
| Remuneration and social security | 454/9 | €44,906 | €16,396 | -€28,510 | -63.5% |
| Remuneration, social security and pensions | 62 | €118,037 | €132,544 | +€14,507 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,097 | €9,430 | +€333 | +3.7% |
| Other operating charges | 640/8 | €728 | €1,370 | +€642 | +88.1% |
| Gross operating margin | 9900 | €82,380 | €125,151 | +€42,770 | +51.9% |
| Operating profit (loss) | 9901 | -€45,482 | -€18,193 | +€27,289 | +60.0% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €2,695 | €1,460 | -€1,235 | -45.8% |
| Recurring financial charges | 65 | €2,695 | €1,460 | -€1,235 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,177 | -€19,645 | +€28,532 | +59.2% |
| Profit (loss) for the period | 9904 | -€48,177 | -€19,645 | +€28,532 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,177 | -€19,645 | +€28,532 | +59.2% |
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 25 October 2026 via checked.be.