CARUSO: what changed
What changed
CARUSO
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
filed annual accounts (NBB)
Net result for the year
€32,660
2024 · €44,282-€11,623
Equity
€237,545
2024 · €238,391-€846
Cash
€72,597
2024 · €72,796-€199
Balance sheet total
€467,080
2024 · €465,717+€1,363
Largest movements
Assets
- Tangible fixed assets +€7,406
up €7,406 (+2.0%), from €365,002 to €372,407
of which Plant, machinery and equipment: +€4,600
Equity and liabilities
- Trade debts -€9,391
down €9,391 (-25.0%), from €37,529 to €28,138
- Current portion of long-term debt +€6,379
up €6,379 (+32.1%), from €19,873 to €26,251
Income statement
- Staff costs +€48,910
up €48,910 (+23.6%), from €207,180 to €256,090
- Gross operating margin +€31,022
up €31,022 (+10.3%), from €301,193 to €332,214
- Financial income +€4,052
up €4,052 (+331%), from €1,224 to €5,276
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€44,282
Gross operating margin
+€31,022
Staff costs
-€48,910
Depreciation
-€791
Other operating charges
+€1,035
Financial income
+€4,052
Financial charges
-€891
Taxes
+€2,860
Result 2025
€32,660
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€52,120
Investment
-€27,594
Financing
-€24,725
Cash 2024
€72,796
From operations (derived)
+€52,120
Net result for the year
+€32,660
Depreciation
+€20,188
Stocks and contracts
+€2,201
Receivables within one year
+€3,642
Trade debts
-€9,391
Tax, wage and social debts
+€3,393
Accrued charges and deferred income
-€574
Investment (derived)
-€27,594
Investment in fixed assets (net)
-€27,594
Financing
-€24,725
Debts after one year
+€498
Current portion of long-term debt
+€6,379
Short-term financial debts
+€1,904
Contributions, distributions and other
-€33,506
Cash 2025
€72,597
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,717 | €467,080 | +€1,363 | +0.3% |
| Fixed assets | 21/28 | €365,002 | €372,407 | +€7,406 | +2.0% |
| Tangible fixed assets | 22/27 | €365,002 | €372,407 | +€7,406 | +2.0% |
| Land and buildings | 22 | €336,168 | €340,709 | +€4,541 | +1.4% |
| Plant, machinery and equipment | 23 | €12,058 | €16,659 | +€4,600 | +38.1% |
| Furniture and vehicles | 24 | €8,775 | €7,040 | -€1,735 | -19.8% |
| Other tangible fixed assets | 26 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €100,715 | €94,673 | -€6,042 | -6.0% |
| Stocks and contracts in progress | 3 | €3,449 | €1,248 | -€2,201 | -63.8% |
| Stocks | 30/36 | €3,449 | €1,248 | -€2,201 | -63.8% |
| Amounts receivable within one year | 40/41 | €24,470 | €20,827 | -€3,642 | -14.9% |
| Trade receivables | 40 | €8,619 | €10,944 | +€2,325 | +27.0% |
| Other amounts receivable | 41 | €15,850 | €9,883 | -€5,968 | -37.6% |
| Cash at bank and in hand | 54/58 | €72,796 | €72,597 | -€199 | -0.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €465,717 | €467,080 | +€1,363 | +0.3% |
| Equity | 10/15 | €238,391 | €237,545 | -€846 | -0.4% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €218,559 | €217,713 | -€846 | -0.4% |
| Distributable reserves | 133 | €218,559 | €217,713 | -€846 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €227,326 | €229,536 | +€2,210 | +1.0% |
| Amounts payable after more than one year | 17 | €141,741 | €142,239 | +€498 | +0.4% |
| Financial debts | 170/4 | €141,741 | €142,239 | +€498 | +0.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €84,296 | €86,582 | +€2,285 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €19,873 | €26,251 | +€6,379 | +32.1% |
| Financial debts | 43 | €16,641 | €18,545 | +€1,904 | +11.4% |
| Credit institutions | 430/8 | €16,641 | €18,545 | +€1,904 | +11.4% |
| Trade debts | 44 | €37,529 | €28,138 | -€9,391 | -25.0% |
| Suppliers | 440/4 | €37,529 | €28,138 | -€9,391 | -25.0% |
| Taxes, remuneration and social security | 45 | €10,253 | €13,647 | +€3,393 | +33.1% |
| Taxes | 450/3 | €10,253 | €13,427 | +€3,173 | +30.9% |
| Remuneration and social security | 454/9 | €0 | €220 | +€220 | |
| Accrued charges and deferred income | 492/3 | €1,289 | €715 | -€574 | -44.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €207,180 | €256,090 | +€48,910 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,397 | €20,188 | +€791 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,291 | €6,256 | -€1,035 | -14.2% |
| Gross operating margin | 9900 | €301,193 | €332,214 | +€31,022 | +10.3% |
| Operating profit (loss) | 9901 | €67,324 | €49,680 | -€17,644 | -26.2% |
| Financial income | 75/76B | €1,224 | €5,276 | +€4,052 | +331% |
| Recurring financial income | 75 | €1,224 | €5,276 | +€4,052 | +331% |
| Financial charges | 65/66B | €6,627 | €7,517 | +€891 | +13.4% |
| Recurring financial charges | 65 | €6,627 | €7,517 | +€891 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €61,921 | €47,438 | -€14,483 | -23.4% |
| Income taxes | 67/77 | €17,639 | €14,778 | -€2,860 | -16.2% |
| Profit (loss) for the period | 9904 | €44,282 | €32,660 | -€11,623 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,282 | €32,660 | -€11,623 | -26.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.