Caroline Piens: 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 Piens
Largest movements
- Receivables within one year +€8,678
up €8,678 (+9,425%), from €92 to €8,770
of which Trade receivables: +€6,759
- Intangible fixed assets +€5,443
new in 2025: €5,443
- Cash +€3,367
new in 2025: €3,367
mainly Other debts (+€19,341) and Trade debts (+€8,028)
- Current investments +€3,348
new in 2025: €3,348
- Financial fixed assets +€1,750
new in 2025: €1,750
- Other debts +€19,341
up €19,341 (+496%), from €3,901 to €23,242
- Profit (loss) carried forward -€11,803
down €11,803 (-190%), from -€6,214 to -€18,018
- Trade debts +€8,028
up €8,028 (+571%), from €1,405 to €9,433
- Tax, wage and social debts +€5,670
new in 2025: €5,670
- Accrued charges and deferred income +€1,191
new in 2025: €1,191
- Staff costs +€2,835
new in 2025: €2,835
- Gross operating margin -€2,721
down €2,721 (-101%), from -€2,704 to -€5,425
- Other operating charges +€2,409
up €2,409 (+469%), from €513 to €2,922
- Depreciation +€342
new in 2025: €342
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 | €92 | €22,867 | +€22,775 | +24,737% |
| Fixed assets | 21/28 | - | €7,193 | +€7,193 | |
| Intangible fixed assets | 21 | - | €5,443 | +€5,443 | |
| Financial fixed assets | 28 | - | €1,750 | +€1,750 | |
| Current assets | 29/58 | €92 | €15,675 | +€15,583 | +16,925% |
| Amounts receivable within one year | 40/41 | €92 | €8,770 | +€8,678 | +9,425% |
| Trade receivables | 40 | - | €6,759 | +€6,759 | |
| Other amounts receivable | 41 | €92 | €2,011 | +€1,919 | +2,084% |
| Current investments | 50/53 | - | €3,348 | +€3,348 | |
| Cash at bank and in hand | 54/58 | - | €3,367 | +€3,367 | |
| Deferred charges and accrued income | 490/1 | - | €190 | +€190 | |
| Total equity and liabilities | 10/49 | €92 | €22,867 | +€22,775 | +24,737% |
| Equity | 10/15 | -€5,214 | -€17,018 | -€11,803 | -226% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,214 | -€18,018 | -€11,803 | -190% |
| Amounts payable | 17/49 | €5,307 | €39,885 | +€34,579 | +652% |
| Amounts payable within one year | 42/48 | €5,307 | €38,694 | +€33,388 | +629% |
| Financial debts | 43 | - | €349 | +€349 | |
| Credit institutions | 430/8 | - | €349 | +€349 | |
| Trade debts | 44 | €1,405 | €9,433 | +€8,028 | +571% |
| Suppliers | 440/4 | €1,405 | €9,433 | +€8,028 | +571% |
| Taxes, remuneration and social security | 45 | - | €5,670 | +€5,670 | |
| Taxes | 450/3 | - | €5,670 | +€5,670 | |
| Other amounts payable | 47/48 | €3,901 | €23,242 | +€19,341 | +496% |
| Accrued charges and deferred income | 492/3 | - | €1,191 | +€1,191 | |
| Remuneration, social security and pensions | 62 | - | €2,835 | +€2,835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €342 | +€342 | |
| Other operating charges | 640/8 | €513 | €2,922 | +€2,409 | +469% |
| Gross operating margin | 9900 | -€2,704 | -€5,425 | -€2,721 | -101% |
| Operating profit (loss) | 9901 | -€3,217 | -€11,524 | -€8,307 | -258% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €300 | €281 | -€19 | -6.4% |
| Recurring financial charges | 65 | €300 | €281 | -€19 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,517 | -€11,803 | -€8,286 | -236% |
| Profit (loss) for the period | 9904 | -€3,517 | -€11,803 | -€8,286 | -236% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,517 | -€11,803 | -€8,286 | -236% |
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 23 October 2026 via checked.be.