LA CARAVANE PASSE: 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.
LA CARAVANE PASSE
Largest movements
- Stocks and contracts +€29,590
up €29,590 (+83.3%), from €35,506 to €65,096
- Cash -€22,661
no longer reported in 2025 (was €22,661)
mainly Investment in fixed assets (net) (-€42,307) and Stocks and contracts (-€29,590)
- Receivables within one year +€11,083
up €11,083 (+31.5%), from €35,237 to €46,320
of which Trade receivables: +€21,126
- Tangible fixed assets +€5,911
up €5,911 (+6.7%), from €88,792 to €94,704
- Debts after one year -€20,704
down €20,704 (-49.3%), from €41,973 to €21,268
- Short-term financial debts +€20,674
new in 2025: €20,674
- Advances received +€17,300
new in 2025: €17,300
- Trade debts +€11,400
up €11,400 (+72.2%), from €15,783 to €27,183
- Tax, wage and social debts -€9,549
down €9,549 (-30.8%), from €31,034 to €21,485
of which Taxes: -€8,374
- Gross operating margin -€27,029
down €27,029 (-29.9%), from €90,477 to €63,448
- Taxes -€3,833
down €3,833 (-53.0%), from €7,231 to €3,398
- Staff costs -€1,644
down €1,644 (-13.8%), from €11,913 to €10,269
- Financial income +€1,449
up €1,449 (+34,413%), from €4 to €1,453
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 | €186,095 | €207,662 | +€21,568 | +11.6% |
| Fixed assets | 21/28 | €91,498 | €95,997 | +€4,498 | +4.9% |
| Intangible fixed assets | 21 | €2,706 | €1,293 | -€1,413 | -52.2% |
| Tangible fixed assets | 22/27 | €88,792 | €94,704 | +€5,911 | +6.7% |
| Furniture and vehicles | 24 | €88,792 | €94,704 | +€5,911 | +6.7% |
| Current assets | 29/58 | €94,596 | €111,666 | +€17,069 | +18.0% |
| Stocks and contracts in progress | 3 | €35,506 | €65,096 | +€29,590 | +83.3% |
| Stocks | 30/36 | €35,506 | €65,096 | +€29,590 | +83.3% |
| Amounts receivable within one year | 40/41 | €35,237 | €46,320 | +€11,083 | +31.5% |
| Trade receivables | 40 | €25,194 | €46,320 | +€21,126 | +83.9% |
| Other amounts receivable | 41 | €10,043 | - | -€10,043 | |
| Cash at bank and in hand | 54/58 | €22,661 | - | -€22,661 | |
| Deferred charges and accrued income | 490/1 | €1,192 | €250 | -€942 | -79.0% |
| Total equity and liabilities | 10/49 | €186,095 | €207,662 | +€21,568 | +11.6% |
| Equity | 10/15 | €74,250 | €82,540 | +€8,290 | +11.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,250 | €72,540 | +€8,290 | +12.9% |
| Amounts payable | 17/49 | €111,845 | €125,122 | +€13,277 | +11.9% |
| Amounts payable after more than one year | 17 | €41,973 | €21,268 | -€20,704 | -49.3% |
| Financial debts | 170/4 | €41,973 | €21,268 | -€20,704 | -49.3% |
| Amounts payable within one year | 42/48 | €69,872 | €103,854 | +€33,982 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €23,056 | €17,212 | -€5,844 | -25.3% |
| Financial debts | 43 | - | €20,674 | +€20,674 | |
| Credit institutions | 430/8 | - | €20,674 | +€20,674 | |
| Trade debts | 44 | €15,783 | €27,183 | +€11,400 | +72.2% |
| Suppliers | 440/4 | €15,783 | €27,183 | +€11,400 | +72.2% |
| Advances received on contracts in progress | 46 | - | €17,300 | +€17,300 | |
| Taxes, remuneration and social security | 45 | €31,034 | €21,485 | -€9,549 | -30.8% |
| Taxes | 450/3 | €27,581 | €19,206 | -€8,374 | -30.4% |
| Remuneration and social security | 454/9 | €3,453 | €2,279 | -€1,175 | -34.0% |
| Remuneration, social security and pensions | 62 | €11,913 | €10,269 | -€1,644 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,568 | €37,809 | +€241 | +0.6% |
| Other operating charges | 640/8 | €1,380 | €851 | -€529 | -38.3% |
| Gross operating margin | 9900 | €90,477 | €63,448 | -€27,029 | -29.9% |
| Operating profit (loss) | 9901 | €39,616 | €14,520 | -€25,096 | -63.3% |
| Financial income | 75/76B | €4 | €1,453 | +€1,449 | +34,413% |
| Recurring financial income | 75 | €4 | €1,453 | +€1,449 | +34,413% |
| Financial charges | 65/66B | €3,975 | €4,285 | +€310 | +7.8% |
| Recurring financial charges | 65 | €3,975 | €4,285 | +€310 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €35,646 | €11,688 | -€23,957 | -67.2% |
| Income taxes | 67/77 | €7,231 | €3,398 | -€3,833 | -53.0% |
| Profit (loss) for the period | 9904 | €28,415 | €8,290 | -€20,125 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,415 | €8,290 | -€20,125 | -70.8% |
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.