J. CARAX: 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.
J. CARAX
Largest movements
- Receivables within one year +€893,336
up €893,336 (+3,714%), from €24,050 to €917,386
of which Other amounts receivable: +€878,396
- Financial fixed assets -€824,911
down €824,911 (-99.8%), from €826,411 to €1,500
- Current investments +€625,047
new in 2025: €625,047
- Tangible fixed assets -€78,220
down €78,220 (-14.5%), from €539,461 to €461,240
of which Furniture and vehicles: -€143,088
- Reserves +€620,022
up €620,022 (+41.6%), from €1.5m to €2.1m
of which Distributable reserves: +€621,882
- Other debts -€74,717
down €74,717 (-100%), from €74,717 to €0
- Trade debts +€67,971
up €67,971 (+678%), from €10,024 to €77,995
- Tax, wage and social debts +€60,464
up €60,464 (+590%), from €10,247 to €70,711
- Advances received -€35,120
down €35,120 (-100%), from €35,120 to €0
- Financial income +€1.9m
up €1.9m (+143,762,475%), from €1 to €1.9m
of which Non-recurring financial income: +€1.9m
- Financial charges +€787,613
up €787,613 (+4,102%), from €19,200 to €806,813
of which Non-recurring financial charges: +€787,244
- Gross operating margin -€123,403
down €123,403 (-178%), from -€69,511 to -€192,914
- Taxes +€62,024
up €62,024 (+15,131%), from €410 to €62,434
- Depreciation -€20,522
down €20,522 (-43.3%), from €47,429 to €26,907
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 | €1,730,097 | €2,352,487 | +€622,390 | +36.0% |
| Fixed assets | 21/28 | €1,365,872 | €462,740 | -€903,131 | -66.1% |
| Tangible fixed assets | 22/27 | €539,461 | €461,240 | -€78,220 | -14.5% |
| Land and buildings | 22 | €360,000 | €336,000 | -€24,000 | -6.7% |
| Plant, machinery and equipment | 23 | €9,256 | €25,455 | +€16,199 | +175% |
| Furniture and vehicles | 24 | €170,205 | €27,117 | -€143,088 | -84.1% |
| Assets under construction and advance payments | 27 | - | €72,668 | +€72,668 | |
| Financial fixed assets | 28 | €826,411 | €1,500 | -€824,911 | -99.8% |
| Current assets | 29/58 | €364,225 | €1,889,746 | +€1.5m | +419% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,050 | €917,386 | +€893,336 | +3,714% |
| Trade receivables | 40 | €8,050 | €22,990 | +€14,940 | +186% |
| Other amounts receivable | 41 | €16,001 | €894,396 | +€878,396 | +5,490% |
| Current investments | 50/53 | - | €625,047 | +€625,047 | |
| Cash at bank and in hand | 54/58 | €10,349 | €24,944 | +€14,595 | +141% |
| Deferred charges and accrued income | 490/1 | €29,826 | €22,370 | -€7,457 | -25.0% |
| Total equity and liabilities | 10/49 | €1,730,097 | €2,352,487 | +€622,390 | +36.0% |
| Equity | 10/15 | €1,503,937 | €2,123,959 | +€620,022 | +41.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,491,537 | €2,111,559 | +€620,022 | +41.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,489,677 | €2,111,559 | +€621,882 | +41.7% |
| Amounts payable | 17/49 | €226,160 | €228,527 | +€2,368 | +1.0% |
| Amounts payable after more than one year | 17 | €21,488 | €0 | -€21,488 | -100% |
| Financial debts | 170/4 | €21,488 | €0 | -€21,488 | -100% |
| Amounts payable within one year | 42/48 | €204,671 | €220,194 | +€15,523 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €24,564 | €21,488 | -€3,075 | -12.5% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €10,024 | €77,995 | +€67,971 | +678% |
| Suppliers | 440/4 | €10,024 | €77,995 | +€67,971 | +678% |
| Advances received on contracts in progress | 46 | €35,120 | €0 | -€35,120 | -100% |
| Taxes, remuneration and social security | 45 | €10,247 | €70,711 | +€60,464 | +590% |
| Taxes | 450/3 | €10,247 | €70,711 | +€60,464 | +590% |
| Other amounts payable | 47/48 | €74,717 | €0 | -€74,717 | -100% |
| Accrued charges and deferred income | 492/3 | - | €8,333 | +€8,333 | |
| Non-recurring operating income | 76A | €12,985 | €55,744 | +€42,759 | +329% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,429 | €26,907 | -€20,522 | -43.3% |
| Other operating charges | 640/8 | €4,535 | €2,999 | -€1,536 | -33.9% |
| Non-recurring operating charges | 66A | €1,288 | €156,825 | +€155,537 | +12,078% |
| Gross operating margin | 9900 | -€69,511 | -€192,914 | -€123,403 | -178% |
| Operating profit (loss) | 9901 | -€122,762 | -€379,645 | -€256,882 | -209% |
| Financial income | 75/76B | €1 | €1,868,913 | +€1.9m | +143,762,475% |
| Recurring financial income | 75 | €1 | €18,060 | +€18,059 | +1,389,135% |
| Non-recurring financial income | 76B | - | €1,850,853 | +€1.9m | |
| Financial charges | 65/66B | €19,200 | €806,813 | +€787,613 | +4,102% |
| Recurring financial charges | 65 | €19,200 | €19,568 | +€368 | +1.9% |
| Non-recurring financial charges | 66B | €0 | €787,244 | +€787,244 | |
| Profit (loss) for the period before taxes | 9903 | -€141,961 | €682,456 | +€824,417 | |
| Income taxes | 67/77 | €410 | €62,434 | +€62,024 | +15,131% |
| Profit (loss) for the period | 9904 | -€142,371 | €620,022 | +€762,393 | |
| Profit (loss) for the period to be appropriated | 9905 | -€142,371 | €620,022 | +€762,393 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.