KARAVAAN: 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.
KARAVAAN
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash +€223,630
up €223,630 (+181%), from €123,260 to €346,889
mainly Current investments (+€250,000) and Net result for the year (+€29,884)
- Deferred charges and accrued income +€17,684
up €17,684 (+667%), from €2,651 to €20,335
- Intangible fixed assets +€11,837
up €11,837 (+58.0%), from €20,391 to €32,228
- Debts within one year -€24,795
down €24,795 (-24.1%), from €102,880 to €78,084
of which Trade debts: -€33,918
- Profit (loss) carried forward +€15,576
up €15,576 (+5.0%), from €314,084 to €329,660
- Reserves +€14,308
up €14,308 (+12.3%), from €116,723 to €131,031
- Accrued charges and deferred income -€9,950
down €9,950 (-15.4%), from €64,444 to €54,494
- Gross operating margin +€47,086
up €47,086 (+7.7%), from €613,113 to €660,199
- Turnover +€43,498
up €43,498 (+13.7%), from €318,539 to €362,037
- Purchases and services +€31,736
up €31,736 (+13.1%), from €241,561 to €273,297
- Depreciation -€12,242
down €12,242 (-42.9%), from €28,533 to €16,291
- Staff costs +€8,607
up €8,607 (+1.4%), from €609,015 to €617,622
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 | €598,130 | €593,269 | -€4,861 | -0.8% |
| Fixed assets | 21/28 | €42,989 | €51,756 | +€8,767 | +20.4% |
| Intangible fixed assets | 21 | €20,391 | €32,228 | +€11,837 | +58.0% |
| Tangible fixed assets | 22/27 | €22,597 | €19,527 | -€3,070 | -13.6% |
| Plant, machinery and equipment | 23 | €2,566 | €3,502 | +€936 | +36.5% |
| Furniture and vehicles | 24 | €20,031 | €16,025 | -€4,006 | -20.0% |
| Current assets | 29/58 | €555,142 | €541,513 | -€13,628 | -2.5% |
| Amounts receivable within one year | 40/41 | €179,231 | €174,289 | -€4,942 | -2.8% |
| Trade receivables | 40 | €132,940 | €129,760 | -€3,180 | -2.4% |
| Other amounts receivable | 41 | €46,291 | €44,529 | -€1,762 | -3.8% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €123,260 | €346,889 | +€223,630 | +181% |
| Deferred charges and accrued income | 490/1 | €2,651 | €20,335 | +€17,684 | +667% |
| Total equity and liabilities | 10/49 | €598,130 | €593,269 | -€4,861 | -0.8% |
| Equity | 10/15 | €430,807 | €460,691 | +€29,884 | +6.9% |
| Reserves | 13 | €116,723 | €131,031 | +€14,308 | +12.3% |
| Profit (loss) carried forward | 14 | €314,084 | €329,660 | +€15,576 | +5.0% |
| Amounts payable | 17/49 | €167,323 | €132,578 | -€34,745 | -20.8% |
| Amounts payable within one year | 42/48 | €102,880 | €78,084 | -€24,795 | -24.1% |
| Trade debts | 44 | €35,216 | €1,299 | -€33,918 | -96.3% |
| Suppliers | 440/4 | €35,216 | €1,299 | -€33,918 | -96.3% |
| Taxes, remuneration and social security | 45 | €67,663 | €76,660 | +€8,996 | +13.3% |
| Taxes | 450/3 | €11,711 | €10,380 | -€1,331 | -11.4% |
| Remuneration and social security | 454/9 | €55,952 | €66,280 | +€10,328 | +18.5% |
| Accrued charges and deferred income | 492/3 | €64,444 | €54,494 | -€9,950 | -15.4% |
| Turnover | 70 | €318,539 | €362,037 | +€43,498 | +13.7% |
| Membership fees, donations, legacies and grants | 73 | €533,283 | €551,070 | +€17,787 | +3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €241,561 | €273,297 | +€31,736 | +13.1% |
| Remuneration, social security and pensions | 62 | €609,015 | €617,622 | +€8,607 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,533 | €16,291 | -€12,242 | -42.9% |
| Other operating charges | 640/8 | €960 | €2,194 | +€1,234 | +128% |
| Gross operating margin | 9900 | €613,113 | €660,199 | +€47,086 | +7.7% |
| Operating profit (loss) | 9901 | -€25,396 | €24,091 | +€49,487 | |
| Financial income | 75/76B | €1,418 | €6,876 | +€5,458 | +385% |
| Recurring financial income | 75 | €1,418 | €6,876 | +€5,458 | +385% |
| Financial charges | 65/66B | €1,000 | €1,084 | +€84 | +8.4% |
| Recurring financial charges | 65 | €1,000 | €1,084 | +€84 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,977 | €29,884 | +€54,861 | |
| Profit (loss) for the period | 9904 | -€24,977 | €29,884 | +€54,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,977 | €29,884 | +€54,861 |
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 25 October 2026 via checked.be.