CAROLINE VANHOUTTE: 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 VANHOUTTE
Largest movements
- Receivables within one year +€9,600
new in 2025: €9,600
of which Trade receivables: +€9,069
- Cash +€1,218
up €1,218 (+126%), from €970 to €2,187
mainly Net result for the year (+€11,455) and Tax, wage and social debts (+€1,000)
- Deferred charges and accrued income -€604
down €604 (-30.2%), from €1,999 to €1,396
- Tangible fixed assets -€230
down €230 (-26.4%), from €871 to €641
- Profit (loss) carried forward +€8,625
up €8,625, from -€8,599 to €26
- Reserves +€2,000
up €2,000 (+66.7%), from €3,000 to €5,000
- Tax, wage and social debts +€1,000
new in 2025: €1,000
- Trade debts -€877
down €877 (-22.8%), from €3,845 to €2,968
- Other debts -€765
down €765 (-47.9%), from €1,595 to €830
- Gross operating margin +€21,933
up €21,933, from -€5,893 to €16,040
- Taxes +€2,019
new in 2025: €2,019
- Financial charges -€646
down €646 (-23.3%), from €2,769 to €2,123
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 | €3,840 | €13,824 | +€9,984 | +260% |
| Fixed assets | 21/28 | €871 | €641 | -€230 | -26.4% |
| Tangible fixed assets | 22/27 | €871 | €641 | -€230 | -26.4% |
| Furniture and vehicles | 24 | €871 | €641 | -€230 | -26.4% |
| Current assets | 29/58 | €2,969 | €13,183 | +€10,214 | +344% |
| Amounts receivable within one year | 40/41 | - | €9,600 | +€9,600 | |
| Trade receivables | 40 | - | €9,069 | +€9,069 | |
| Other amounts receivable | 41 | - | €530 | +€530 | |
| Cash at bank and in hand | 54/58 | €970 | €2,187 | +€1,218 | +126% |
| Deferred charges and accrued income | 490/1 | €1,999 | €1,396 | -€604 | -30.2% |
| Total equity and liabilities | 10/49 | €3,840 | €13,824 | +€9,984 | +260% |
| Equity | 10/15 | -€1,599 | €9,026 | +€10,625 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Distributable reserves | 133 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Profit (loss) carried forward | 14 | -€8,599 | €26 | +€8,625 | |
| Amounts payable | 17/49 | €5,439 | €4,798 | -€641 | -11.8% |
| Amounts payable within one year | 42/48 | €5,439 | €4,798 | -€641 | -11.8% |
| Trade debts | 44 | €3,845 | €2,968 | -€877 | -22.8% |
| Suppliers | 440/4 | €3,845 | €2,968 | -€877 | -22.8% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €1,595 | €830 | -€765 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79 | €230 | +€151 | +190% |
| Other operating charges | 640/8 | €64 | €214 | +€150 | +235% |
| Gross operating margin | 9900 | -€5,893 | €16,040 | +€21,933 | |
| Operating profit (loss) | 9901 | -€6,036 | €15,596 | +€21,632 | |
| Financial charges | 65/66B | €2,769 | €2,123 | -€646 | -23.3% |
| Recurring financial charges | 65 | €2,769 | €2,123 | -€646 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,805 | €13,474 | +€22,278 | |
| Income taxes | 67/77 | - | €2,019 | +€2,019 | |
| Profit (loss) for the period | 9904 | -€8,805 | €11,455 | +€20,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,805 | €11,455 | +€20,259 |
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 15 October 2026 via checked.be.