JOHN CARON: 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.
JOHN CARON
Largest movements
- Receivables within one year +€40,443
up €40,443 (+150%), from €27,006 to €67,449
of which Trade receivables: +€42,219
- Tangible fixed assets +€25,362
up €25,362 (+69.5%), from €36,485 to €61,846
of which Furniture and vehicles: +€27,739
- Stocks and contracts -€7,881
down €7,881 (-10.8%), from €73,019 to €65,138
- Cash +€5,460
up €5,460 (+4.0%), from €135,575 to €141,035
mainly Net result for the year (+€88,099) and Depreciation (+€11,234)
- Reserves +€61,000
up €61,000 (+30.3%), from €201,590 to €262,590
- Other debts -€9,019
down €9,019 (-25.8%), from €34,980 to €25,961
- Tax, wage and social debts +€8,635
up €8,635 (+156%), from €5,533 to €14,167
of which Taxes: +€8,458
- Trade debts +€5,259
up €5,259 (+66.7%), from €7,879 to €13,138
- Gross operating margin +€82,721
up €82,721 (+160%), from €51,763 to €134,484
- Taxes +€22,109
up €22,109 (+173%), from €12,755 to €34,864
- Depreciation +€3,544
up €3,544 (+46.1%), from €7,690 to €11,234
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 | €272,162 | €338,136 | +€65,973 | +24.2% |
| Fixed assets | 21/28 | €36,563 | €61,925 | +€25,362 | +69.4% |
| Tangible fixed assets | 22/27 | €36,485 | €61,846 | +€25,362 | +69.5% |
| Plant, machinery and equipment | 23 | €14,941 | €12,564 | -€2,377 | -15.9% |
| Furniture and vehicles | 24 | €21,543 | €49,282 | +€27,739 | +129% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €235,599 | €276,211 | +€40,611 | +17.2% |
| Stocks and contracts in progress | 3 | €73,019 | €65,138 | -€7,881 | -10.8% |
| Stocks | 30/36 | €73,019 | €65,138 | -€7,881 | -10.8% |
| Amounts receivable within one year | 40/41 | €27,006 | €67,449 | +€40,443 | +150% |
| Trade receivables | 40 | €12,314 | €54,533 | +€42,219 | +343% |
| Other amounts receivable | 41 | €14,692 | €12,916 | -€1,776 | -12.1% |
| Cash at bank and in hand | 54/58 | €135,575 | €141,035 | +€5,460 | +4.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,589 | +€2,589 | |
| Total equity and liabilities | 10/49 | €272,162 | €338,136 | +€65,973 | +24.2% |
| Equity | 10/15 | €223,771 | €284,869 | +€61,099 | +27.3% |
| Contributions | 10/11 | €21,390 | €21,390 | = | 0.0% |
| Reserves | 13 | €201,590 | €262,590 | +€61,000 | +30.3% |
| Distributable reserves | 133 | €201,590 | €262,590 | +€61,000 | +30.3% |
| Profit (loss) carried forward | 14 | €791 | €889 | +€99 | +12.5% |
| Amounts payable | 17/49 | €48,392 | €53,266 | +€4,875 | +10.1% |
| Amounts payable within one year | 42/48 | €48,392 | €53,266 | +€4,875 | +10.1% |
| Trade debts | 44 | €7,879 | €13,138 | +€5,259 | +66.7% |
| Suppliers | 440/4 | €7,879 | €13,138 | +€5,259 | +66.7% |
| Taxes, remuneration and social security | 45 | €5,533 | €14,167 | +€8,635 | +156% |
| Taxes | 450/3 | €2,650 | €11,108 | +€8,458 | +319% |
| Remuneration and social security | 454/9 | €2,883 | €3,059 | +€176 | +6.1% |
| Other amounts payable | 47/48 | €34,980 | €25,961 | -€9,019 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,690 | €11,234 | +€3,544 | +46.1% |
| Other operating charges | 640/8 | €1,001 | €1,015 | +€14 | +1.4% |
| Gross operating margin | 9900 | €51,763 | €134,484 | +€82,721 | +160% |
| Operating profit (loss) | 9901 | €43,072 | €122,235 | +€79,163 | +184% |
| Financial income | 75/76B | €550 | €802 | +€252 | +45.8% |
| Recurring financial income | 75 | €550 | €802 | +€252 | +45.8% |
| Financial charges | 65/66B | €44 | €74 | +€30 | +66.6% |
| Recurring financial charges | 65 | €44 | €74 | +€30 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €43,578 | €122,963 | +€79,385 | +182% |
| Income taxes | 67/77 | €12,755 | €34,864 | +€22,109 | +173% |
| Profit (loss) for the period | 9904 | €30,822 | €88,099 | +€57,276 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €30,822 | €88,099 | +€57,276 | +186% |
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 19 October 2026 via checked.be.