Caroline.H: 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.H
Largest movements
- Receivables after one year +€385,594
up €385,594 (+92.5%), from €416,890 to €802,484
- Receivables within one year -€93,420
down €93,420 (-94.4%), from €98,961 to €5,541
of which Trade receivables: -€91,157
- Reserves +€405,000
up €405,000 (+68.9%), from €587,798 to €992,798
- Other debts -€45,000
down €45,000 (-100%), from €45,000 to €0
- Current portion of long-term debt -€38,798
down €38,798 (-25.7%), from €151,051 to €112,253
- Debts after one year -€34,954
down €34,954 (-2.9%), from €1.2m to €1.2m
of which Financial debts: -€101,805
- Financial income +€359,997
up €359,997 (+11,076,823%), from €3 to €360,000
- Other operating charges -€118,211
down €118,211 (-62.3%), from €189,679 to €71,468
- Financial charges +€23,303
up €23,303 (+40.3%), from €57,834 to €81,137
- Taxes +€6,803
up €6,803 (+52.4%), from €12,986 to €19,789
- Gross operating margin +€4,992
up €4,992 (+2.3%), from €214,396 to €219,388
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,512,210 | €2,799,144 | +€286,934 | +11.4% |
| Fixed assets | 21/28 | €1,991,067 | €1,988,937 | -€2,130 | -0.1% |
| Tangible fixed assets | 22/27 | €26,874 | €24,744 | -€2,130 | -7.9% |
| Furniture and vehicles | 24 | €8,724 | €6,594 | -€2,130 | -24.4% |
| Other tangible fixed assets | 26 | €18,150 | €18,150 | = | 0.0% |
| Financial fixed assets | 28 | €1,964,193 | €1,964,193 | = | 0.0% |
| Current assets | 29/58 | €521,143 | €810,207 | +€289,064 | +55.5% |
| Amounts receivable after more than one year | 29 | €416,890 | €802,484 | +€385,594 | +92.5% |
| Other amounts receivable | 291 | €416,890 | €802,484 | +€385,594 | +92.5% |
| Amounts receivable within one year | 40/41 | €98,961 | €5,541 | -€93,420 | -94.4% |
| Trade receivables | 40 | €95,219 | €4,062 | -€91,157 | -95.7% |
| Other amounts receivable | 41 | €3,741 | €1,479 | -€2,262 | -60.5% |
| Cash at bank and in hand | 54/58 | €2,562 | €2,182 | -€380 | -14.8% |
| Deferred charges and accrued income | 490/1 | €2,730 | €0 | -€2,730 | -100% |
| Total equity and liabilities | 10/49 | €2,512,210 | €2,799,144 | +€286,934 | +11.4% |
| Equity | 10/15 | €989,463 | €1,393,364 | +€403,901 | +40.8% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €587,798 | €992,798 | +€405,000 | +68.9% |
| Distributable reserves | 133 | €587,798 | €992,798 | +€405,000 | +68.9% |
| Profit (loss) carried forward | 14 | €1,666 | €566 | -€1,099 | -66.0% |
| Amounts payable | 17/49 | €1,522,747 | €1,405,780 | -€116,967 | -7.7% |
| Amounts payable after more than one year | 17 | €1,200,929 | €1,165,975 | -€34,954 | -2.9% |
| Financial debts | 170/4 | €250,628 | €148,823 | -€101,805 | -40.6% |
| Other amounts payable | 178/9 | €950,302 | €1,017,152 | +€66,851 | +7.0% |
| Amounts payable within one year | 42/48 | €320,793 | €239,805 | -€80,988 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €151,051 | €112,253 | -€38,798 | -25.7% |
| Financial debts | 43 | €327 | €0 | -€327 | -100% |
| Credit institutions | 430/8 | €327 | €0 | -€327 | -100% |
| Trade debts | 44 | €94,537 | €74,984 | -€19,553 | -20.7% |
| Suppliers | 440/4 | €94,537 | €74,984 | -€19,553 | -20.7% |
| Taxes, remuneration and social security | 45 | €29,877 | €52,568 | +€22,690 | +75.9% |
| Taxes | 450/3 | €26,780 | €52,568 | +€25,788 | +96.3% |
| Remuneration and social security | 454/9 | €3,098 | €0 | -€3,098 | -100% |
| Other amounts payable | 47/48 | €45,000 | €0 | -€45,000 | -100% |
| Accrued charges and deferred income | 492/3 | €1,025 | €0 | -€1,025 | -100% |
| Remuneration, social security and pensions | 62 | €894 | €963 | +€68 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,363 | €2,130 | -€233 | -9.8% |
| Other operating charges | 640/8 | €189,679 | €71,468 | -€118,211 | -62.3% |
| Gross operating margin | 9900 | €214,396 | €219,388 | +€4,992 | +2.3% |
| Operating profit (loss) | 9901 | €21,461 | €144,828 | +€123,367 | +575% |
| Financial income | 75/76B | €3 | €360,000 | +€359,997 | +11,076,823% |
| Recurring financial income | 75 | €3 | €360,000 | +€359,997 | +11,076,823% |
| Financial charges | 65/66B | €57,834 | €81,137 | +€23,303 | +40.3% |
| Recurring financial charges | 65 | €57,834 | €81,137 | +€23,303 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,370 | €423,690 | +€460,061 | |
| Income taxes | 67/77 | €12,986 | €19,789 | +€6,803 | +52.4% |
| Profit (loss) for the period | 9904 | -€49,357 | €403,901 | +€453,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,357 | €403,901 | +€453,258 |
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 16 October 2026 via checked.be.