Caroline Fabri: 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 Fabri
Largest movements
- Cash +€34,962
up €34,962 (+188%), from €18,593 to €53,555
mainly Net result for the year (+€24,332) and Tax, wage and social debts (+€12,710)
- Deferred charges and accrued income +€8,726
new in 2025: €8,726
- Receivables within one year -€7,741
down €7,741 (-97.0%), from €7,985 to €243
of which Trade receivables: -€7,741
- Tangible fixed assets -€1,706
down €1,706 (-9.4%), from €18,213 to €16,506
- Reserves +€24,332
up €24,332 (+101%), from €23,984 to €48,316
- Tax, wage and social debts +€12,710
up €12,710 (+95.5%), from €13,312 to €26,022
of which Taxes: +€12,710
- Trade debts -€3,200
down €3,200 (-100%), from €3,200 to €0
- Gross operating margin +€2,871
up €2,871 (+7.3%), from €39,239 to €42,110
- Depreciation +€2,684
up €2,684 (+52.8%), from €5,081 to €7,764
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 | €44,815 | €79,031 | +€34,216 | +76.3% |
| Fixed assets | 21/28 | €18,237 | €16,506 | -€1,731 | -9.5% |
| Intangible fixed assets | 21 | €25 | €0 | -€25 | -100% |
| Tangible fixed assets | 22/27 | €18,213 | €16,506 | -€1,706 | -9.4% |
| Furniture and vehicles | 24 | €18,213 | €16,506 | -€1,706 | -9.4% |
| Current assets | 29/58 | €26,578 | €62,525 | +€35,947 | +135% |
| Amounts receivable within one year | 40/41 | €7,985 | €243 | -€7,741 | -97.0% |
| Trade receivables | 40 | €7,985 | €243 | -€7,741 | -97.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €18,593 | €53,555 | +€34,962 | +188% |
| Deferred charges and accrued income | 490/1 | - | €8,726 | +€8,726 | |
| Total equity and liabilities | 10/49 | €44,815 | €79,031 | +€34,216 | +76.3% |
| Equity | 10/15 | €24,084 | €48,416 | +€24,332 | +101% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €23,984 | €48,316 | +€24,332 | +101% |
| Distributable reserves | 133 | €23,984 | €48,316 | +€24,332 | +101% |
| Amounts payable | 17/49 | €20,732 | €30,615 | +€9,884 | +47.7% |
| Amounts payable within one year | 42/48 | €20,732 | €30,615 | +€9,884 | +47.7% |
| Trade debts | 44 | €3,200 | €0 | -€3,200 | -100% |
| Suppliers | 440/4 | €3,200 | €0 | -€3,200 | -100% |
| Taxes, remuneration and social security | 45 | €13,312 | €26,022 | +€12,710 | +95.5% |
| Taxes | 450/3 | €11,312 | €24,022 | +€12,710 | +112% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,220 | €4,594 | +€374 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,081 | €7,764 | +€2,684 | +52.8% |
| Other operating charges | 640/8 | €1,477 | €1,356 | -€121 | -8.2% |
| Gross operating margin | 9900 | €39,239 | €42,110 | +€2,871 | +7.3% |
| Operating profit (loss) | 9901 | €32,682 | €32,990 | +€309 | +0.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €381 | €263 | -€119 | -31.1% |
| Recurring financial charges | 65 | €381 | €263 | -€119 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €32,300 | €32,728 | +€427 | +1.3% |
| Income taxes | 67/77 | €8,317 | €8,396 | +€79 | +0.9% |
| Profit (loss) for the period | 9904 | €23,984 | €24,332 | +€348 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,984 | €24,332 | +€348 | +1.5% |
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.