CARoVi: 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.
CARoVi
Largest movements
- Tangible fixed assets -€190,851
down €190,851 (-96.9%), from €196,961 to €6,110
of which Leasing and similar rights: -€185,770
- Receivables within one year -€121,281
down €121,281 (-99.9%), from €121,404 to €123
of which Trade receivables: -€105,707
- Cash -€29,397
down €29,397 (-92.2%), from €31,892 to €2,495
mainly Debts after one year (-€153,541) and Current portion of long-term debt (-€80,812)
- Debts after one year -€153,541
no longer reported in 2025 (was €153,541)
- Current portion of long-term debt -€80,812
down €80,812 (-92.0%), from €87,874 to €7,062
- Trade debts -€79,275
down €79,275 (-75.1%), from €105,495 to €26,221
- Other debts -€32,262
down €32,262 (-79.1%), from €40,762 to €8,500
- Profit (loss) carried forward +€11,319
up €11,319 (+12.0%), from -€94,634 to -€83,315
- Gross operating margin -€171,454
down €171,454 (-88.8%), from €192,971 to €21,517
- Staff costs -€108,573
down €108,573 (-98.6%), from €110,144 to €1,570
- Depreciation -€61,252
down €61,252 (-92.3%), from €66,333 to €5,081
- Financial charges -€3,679
down €3,679 (-62.6%), from €5,882 to €2,202
- Other operating charges -€2,751
down €2,751 (-84.3%), from €3,262 to €511
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 | €351,167 | €9,522 | -€341,645 | -97.3% |
| Fixed assets | 21/28 | €197,756 | €6,904 | -€190,851 | -96.5% |
| Tangible fixed assets | 22/27 | €196,961 | €6,110 | -€190,851 | -96.9% |
| Plant, machinery and equipment | 23 | €11,036 | €6,055 | -€4,981 | -45.1% |
| Furniture and vehicles | 24 | €155 | €55 | -€100 | -64.6% |
| Leasing and similar rights | 25 | €185,770 | - | -€185,770 | |
| Financial fixed assets | 28 | €795 | €795 | = | 0.0% |
| Current assets | 29/58 | €153,411 | €2,618 | -€150,793 | -98.3% |
| Amounts receivable within one year | 40/41 | €121,404 | €123 | -€121,281 | -99.9% |
| Trade receivables | 40 | €105,707 | - | -€105,707 | |
| Other amounts receivable | 41 | €15,697 | €123 | -€15,574 | -99.2% |
| Cash at bank and in hand | 54/58 | €31,892 | €2,495 | -€29,397 | -92.2% |
| Deferred charges and accrued income | 490/1 | €115 | - | -€115 | |
| Total equity and liabilities | 10/49 | €351,167 | €9,522 | -€341,645 | -97.3% |
| Equity | 10/15 | -€43,625 | -€32,306 | +€11,319 | +25.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,009 | €1,009 | = | 0.0% |
| Distributable reserves | 133 | €1,009 | €1,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,634 | -€83,315 | +€11,319 | +12.0% |
| Amounts payable | 17/49 | €394,791 | €41,828 | -€352,963 | -89.4% |
| Amounts payable after more than one year | 17 | €153,541 | - | -€153,541 | |
| Financial debts | 170/4 | €153,541 | - | -€153,541 | |
| Amounts payable within one year | 42/48 | €241,230 | €41,782 | -€199,448 | -82.7% |
| Current portion of amounts payable after more than one year | 42 | €87,874 | €7,062 | -€80,812 | -92.0% |
| Trade debts | 44 | €105,495 | €26,221 | -€79,275 | -75.1% |
| Suppliers | 440/4 | €105,495 | €26,221 | -€79,275 | -75.1% |
| Taxes, remuneration and social security | 45 | €7,099 | - | -€7,099 | |
| Taxes | 450/3 | €3,754 | - | -€3,754 | |
| Remuneration and social security | 454/9 | €3,345 | - | -€3,345 | |
| Other amounts payable | 47/48 | €40,762 | €8,500 | -€32,262 | -79.1% |
| Accrued charges and deferred income | 492/3 | €21 | €46 | +€25 | +120% |
| Non-recurring operating income | 76A | €25,450 | - | -€25,450 | |
| Remuneration, social security and pensions | 62 | €110,144 | €1,570 | -€108,573 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,333 | €5,081 | -€61,252 | -92.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €948 | +€948 | |
| Other operating charges | 640/8 | €3,262 | €511 | -€2,751 | -84.3% |
| Non-recurring operating charges | 66A | €2,376 | - | -€2,376 | |
| Gross operating margin | 9900 | €192,971 | €21,517 | -€171,454 | -88.8% |
| Operating profit (loss) | 9901 | €10,856 | €13,406 | +€2,550 | +23.5% |
| Financial income | 75/76B | €1,508 | €115 | -€1,393 | -92.4% |
| Recurring financial income | 75 | €1,508 | €115 | -€1,393 | -92.4% |
| Financial charges | 65/66B | €5,882 | €2,202 | -€3,679 | -62.6% |
| Recurring financial charges | 65 | €5,882 | €2,202 | -€3,679 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €6,482 | €11,319 | +€4,837 | +74.6% |
| Profit (loss) for the period | 9904 | €6,482 | €11,319 | +€4,837 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,482 | €11,319 | +€4,837 | +74.6% |
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 24 October 2026 via checked.be.