CARONI: what changed
Two fiscal 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.
CARONI
Largest movements
- Cash -€5,744
down €5,744 (-35.2%), from €16,307 to €10,563
mainly Other debts (-€8,578) and Net result for the year (-€4,737)
- Financial fixed assets +€4,150
new in 2025: €4,150
- Stocks and contracts +€1,667
up €1,667 (+65.4%), from €2,550 to €4,217
- Intangible fixed assets -€1,600
down €1,600 (-11.1%), from €14,400 to €12,800
- Tax, wage and social debts +€10,329
up €10,329 (+162.1%), from €6,372 to €16,701
of which Remuneration and social security: +€6,833
- Other debts -€8,578
down €8,578 (-41.0%), from €20,926 to €12,348
- Profit (loss) carried forward -€4,737
down €4,737, from €3,209 to -€1,528
- Trade debts +€1,195
new in 2025: €1,195
- Staff costs +€26,298
up €26,298 (+702.0%), from €3,746 to €30,044
- Gross operating margin +€15,941
up €15,941 (+139.6%), from €11,416 to €27,357
- Taxes -€1,776
no longer reported in 2025 (was €1,776)
- Depreciation -€1,083
down €1,083 (-40.4%), from €2,683 to €1,600
- Financial charges +€382
up €382 (+19100.0%), from €2 to €384
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 | €33,507 | €31,730 | -€1,777 | -5.3% |
| Fixed assets | 21/28 | €14,400 | €16,950 | +€2,550 | +17.7% |
| Intangible fixed assets | 21 | €14,400 | €12,800 | -€1,600 | -11.1% |
| Financial fixed assets | 28 | - | €4,150 | +€4,150 | |
| Current assets | 29/58 | €19,107 | €14,780 | -€4,327 | -22.6% |
| Stocks and contracts in progress | 3 | €2,550 | €4,217 | +€1,667 | +65.4% |
| Stocks | 30/36 | €2,550 | €4,217 | +€1,667 | +65.4% |
| Amounts receivable within one year | 40/41 | €250 | - | -€250 | |
| Other amounts receivable | 41 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €16,307 | €10,563 | -€5,744 | -35.2% |
| Total equity and liabilities | 10/49 | €33,507 | €31,730 | -€1,777 | -5.3% |
| Equity | 10/15 | €6,209 | €1,472 | -€4,737 | -76.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,209 | -€1,528 | -€4,737 | |
| Amounts payable | 17/49 | €27,298 | €30,258 | +€2,960 | +10.8% |
| Amounts payable within one year | 42/48 | €27,298 | €30,258 | +€2,960 | +10.8% |
| Trade debts | 44 | - | €1,195 | +€1,195 | |
| Suppliers | 440/4 | - | €1,195 | +€1,195 | |
| Advances received on contracts in progress | 46 | - | €14 | +€14 | |
| Taxes, remuneration and social security | 45 | €6,372 | €16,701 | +€10,329 | +162.1% |
| Taxes | 450/3 | €4,846 | €8,342 | +€3,496 | +72.1% |
| Remuneration and social security | 454/9 | €1,526 | €8,359 | +€6,833 | +447.8% |
| Other amounts payable | 47/48 | €20,926 | €12,348 | -€8,578 | -41.0% |
| Remuneration, social security and pensions | 62 | €3,746 | €30,044 | +€26,298 | +702.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,683 | €1,600 | -€1,083 | -40.4% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €11,416 | €27,357 | +€15,941 | +139.6% |
| Operating profit (loss) | 9901 | €4,987 | -€4,353 | -€9,340 | |
| Financial charges | 65/66B | €2 | €384 | +€382 | +19100.0% |
| Recurring financial charges | 65 | €2 | €384 | +€382 | +19100.0% |
| Profit (loss) for the period before taxes | 9903 | €4,985 | -€4,737 | -€9,722 | |
| Income taxes | 67/77 | €1,776 | - | -€1,776 | |
| Profit (loss) for the period | 9904 | €3,209 | -€4,737 | -€7,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,209 | -€4,737 | -€7,946 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.