CARREDAS: 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.
CARREDAS
Largest movements
- Receivables within one year +€81,580
up €81,580 (+64.2%), from €126,986 to €208,566
of which Trade receivables: +€76,966
- Tangible fixed assets +€18,817
up €18,817 (+80.4%), from €23,401 to €42,218
of which Furniture and vehicles: +€9,723
- Reserves +€75,418
up €75,418 (+91.2%), from €82,686 to €158,104
- Trade debts +€17,656
up €17,656 (+53.7%), from €32,892 to €50,548
- Tax, wage and social debts +€17,403
up €17,403 (+47.0%), from €37,059 to €54,462
of which Taxes: +€12,489
- Other debts -€7,531
down €7,531 (-31.3%), from €24,080 to €16,549
- Gross operating margin +€104,673
up €104,673 (+175%), from €59,732 to €164,405
- Staff costs +€38,098
new in 2025: €38,098
- Taxes +€13,645
up €13,645 (+101%), from €13,560 to €27,206
- Depreciation +€3,504
up €3,504 (+34.1%), from €10,269 to €13,773
- Other operating charges +€1,905
up €1,905 (+70.1%), from €2,719 to €4,624
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 | €203,338 | €305,267 | +€101,929 | +50.1% |
| Fixed assets | 21/28 | €26,251 | €46,145 | +€19,894 | +75.8% |
| Tangible fixed assets | 22/27 | €23,401 | €42,218 | +€18,817 | +80.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €23,401 | €33,124 | +€9,723 | +41.5% |
| Other tangible fixed assets | 26 | - | €9,094 | +€9,094 | |
| Financial fixed assets | 28 | €2,850 | €3,927 | +€1,077 | +37.8% |
| Current assets | 29/58 | €177,087 | €259,122 | +€82,035 | +46.3% |
| Amounts receivable within one year | 40/41 | €126,986 | €208,566 | +€81,580 | +64.2% |
| Trade receivables | 40 | €126,815 | €203,780 | +€76,966 | +60.7% |
| Other amounts receivable | 41 | €171 | €4,786 | +€4,614 | +2,695% |
| Cash at bank and in hand | 54/58 | €44,197 | €45,740 | +€1,544 | +3.5% |
| Deferred charges and accrued income | 490/1 | €5,904 | €4,816 | -€1,088 | -18.4% |
| Total equity and liabilities | 10/49 | €203,338 | €305,267 | +€101,929 | +50.1% |
| Equity | 10/15 | €101,286 | €176,704 | +€75,418 | +74.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,686 | €158,104 | +€75,418 | +91.2% |
| Distributable reserves | 133 | €82,686 | €158,104 | +€75,418 | +91.2% |
| Amounts payable | 17/49 | €102,052 | €128,563 | +€26,511 | +26.0% |
| Amounts payable within one year | 42/48 | €102,052 | €128,518 | +€26,466 | +25.9% |
| Financial debts | 43 | €8,022 | €6,959 | -€1,063 | -13.3% |
| Credit institutions | 430/8 | €8,022 | €6,959 | -€1,063 | -13.3% |
| Trade debts | 44 | €32,892 | €50,548 | +€17,656 | +53.7% |
| Suppliers | 440/4 | €32,892 | €50,548 | +€17,656 | +53.7% |
| Taxes, remuneration and social security | 45 | €37,059 | €54,462 | +€17,403 | +47.0% |
| Taxes | 450/3 | €37,059 | €49,548 | +€12,489 | +33.7% |
| Remuneration and social security | 454/9 | - | €4,914 | +€4,914 | |
| Other amounts payable | 47/48 | €24,080 | €16,549 | -€7,531 | -31.3% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Remuneration, social security and pensions | 62 | - | €38,098 | +€38,098 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,269 | €13,773 | +€3,504 | +34.1% |
| Other operating charges | 640/8 | €2,719 | €4,624 | +€1,905 | +70.1% |
| Gross operating margin | 9900 | €59,732 | €164,405 | +€104,673 | +175% |
| Operating profit (loss) | 9901 | €46,744 | €107,910 | +€61,166 | +131% |
| Financial income | 75/76B | €156 | €86 | -€70 | -44.8% |
| Recurring financial income | 75 | €156 | €86 | -€70 | -44.8% |
| Financial charges | 65/66B | €3,526 | €5,373 | +€1,847 | +52.4% |
| Recurring financial charges | 65 | €3,526 | €5,373 | +€1,847 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €43,374 | €102,624 | +€59,250 | +137% |
| Income taxes | 67/77 | €13,560 | €27,206 | +€13,645 | +101% |
| Profit (loss) for the period | 9904 | €29,814 | €75,418 | +€45,604 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €29,814 | €75,418 | +€45,604 | +153% |
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 20 October 2026 via checked.be.