CARON Wouter: 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.
CARON Wouter
Largest movements
- Cash +€111,224
up €111,224 (+2589.7%), from €4,295 to €115,519
mainly Accrued charges and deferred income (+€58,690) and Depreciation (+€40,650)
- Receivables within one year -€34,510
down €34,510 (-66.1%), from €52,205 to €17,695
of which Trade receivables: -€27,599
- Stocks and contracts -€22,600
down €22,600 (-45.7%), from €49,500 to €26,900
of which Stocks: -€16,600
- Tangible fixed assets +€15,064
up €15,064 (+9.0%), from €167,109 to €182,173
of which Furniture and vehicles: +€11,136
- Accrued charges and deferred income +€58,690
up €58,690 (+561.2%), from €10,458 to €69,148
- Trade debts -€6,864
down €6,864 (-13.0%), from €52,981 to €46,117
- Other debts +€6,637
up €6,637 (+19.2%), from €34,585 to €41,222
- Debts after one year +€5,585
up €5,585 (+5.5%), from €101,219 to €106,804
- Reserves +€5,000
up €5,000 (+13.3%), from €37,500 to €42,500
of which Distributable reserves: +€5,000
- Gross operating margin +€15,773
up €15,773 (+33.9%), from €46,510 to €62,283
- Taxes +€2,364
up €2,364 (+1705.9%), from €139 to €2,503
- Depreciation +€846
up €846 (+2.1%), from €39,805 to €40,650
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.
Cash bridge derived
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 | €275,952 | €347,439 | +€71,487 | +25.9% |
| Fixed assets | 21/28 | €167,109 | €182,173 | +€15,064 | +9.0% |
| Tangible fixed assets | 22/27 | €167,109 | €182,173 | +€15,064 | +9.0% |
| Land and buildings | 22 | €8,975 | €7,519 | -€1,457 | -16.2% |
| Plant, machinery and equipment | 23 | €69,891 | €75,276 | +€5,385 | +7.7% |
| Furniture and vehicles | 24 | €88,242 | €99,378 | +€11,136 | +12.6% |
| Current assets | 29/58 | €108,843 | €165,266 | +€56,424 | +51.8% |
| Stocks and contracts in progress | 3 | €49,500 | €26,900 | -€22,600 | -45.7% |
| Stocks | 30/36 | €40,500 | €23,900 | -€16,600 | -41.0% |
| Contracts in progress | 37 | €9,000 | €3,000 | -€6,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €52,205 | €17,695 | -€34,510 | -66.1% |
| Trade receivables | 40 | €38,334 | €10,734 | -€27,599 | -72.0% |
| Other amounts receivable | 41 | €13,872 | €6,961 | -€6,911 | -49.8% |
| Cash at bank and in hand | 54/58 | €4,295 | €115,519 | +€111,224 | +2589.7% |
| Deferred charges and accrued income | 490/1 | €2,843 | €5,152 | +€2,309 | +81.2% |
| Total equity and liabilities | 10/49 | €275,952 | €347,439 | +€71,487 | +25.9% |
| Equity | 10/15 | €64,359 | €70,193 | +€5,834 | +9.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €42,500 | +€5,000 | +13.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €40,000 | +€5,000 | +14.3% |
| Profit (loss) carried forward | 14 | €1,859 | €2,693 | +€834 | +44.8% |
| Amounts payable | 17/49 | €211,592 | €277,246 | +€65,654 | +31.0% |
| Amounts payable after more than one year | 17 | €101,219 | €106,804 | +€5,585 | +5.5% |
| Financial debts | 170/4 | €101,219 | €106,804 | +€5,585 | +5.5% |
| Amounts payable within one year | 42/48 | €99,915 | €101,293 | +€1,379 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €12,041 | €11,350 | -€691 | -5.7% |
| Trade debts | 44 | €52,981 | €46,117 | -€6,864 | -13.0% |
| Suppliers | 440/4 | €52,981 | €46,117 | -€6,864 | -13.0% |
| Taxes, remuneration and social security | 45 | €308 | €2,605 | +€2,296 | +744.7% |
| Taxes | 450/3 | €308 | €2,605 | +€2,296 | +744.7% |
| Other amounts payable | 47/48 | €34,585 | €41,222 | +€6,637 | +19.2% |
| Accrued charges and deferred income | 492/3 | €10,458 | €69,148 | +€58,690 | +561.2% |
| Non-recurring operating income | 76A | - | €4,192 | +€4,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,805 | €40,650 | +€846 | +2.1% |
| Other operating charges | 640/8 | €2,246 | €1,823 | -€423 | -18.9% |
| Gross operating margin | 9900 | €46,510 | €62,283 | +€15,773 | +33.9% |
| Operating profit (loss) | 9901 | €4,459 | €19,810 | +€15,351 | +344.3% |
| Financial income | 75/76B | €999 | €1,279 | +€280 | +28.1% |
| Recurring financial income | 75 | €999 | €1,279 | +€280 | +28.1% |
| Financial charges | 65/66B | €4,487 | €4,086 | -€401 | -8.9% |
| Recurring financial charges | 65 | €4,487 | €4,086 | -€401 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €970 | €17,003 | +€16,032 | +1652.2% |
| Income taxes | 67/77 | €139 | €2,503 | +€2,364 | +1705.9% |
| Profit (loss) for the period | 9904 | €832 | €14,500 | +€13,668 | +1643.3% |
| Profit (loss) for the period to be appropriated | 9905 | €832 | €14,500 | +€13,668 | +1643.3% |
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 10 October 2026 via checked.be.