SAINTE - CAROLE: what changed
What changed
SAINTE - CAROLE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · -€117,997+€1.3m
Equity
€22.9m
2024 · €23.1m-€202,142
Cash
€295,525
2024 · €613,532-€318,008
Balance sheet total
€26.9m
2024 · €25.9m+€973,714
Largest movements
Assets
- Current investments +€1.2m
up €1.2m (+6.8%), from €17.1m to €18.3m
- Cash -€318,008
down €318,008 (-51.8%), from €613,532 to €295,525
mainly Contributions, distributions and other (-€1.4m) and Current investments (-€1.2m)
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+358%), from €317,151 to €1.5m
Income statement
- Financial income +€1.5m
up €1.5m (+476%), from €312,455 to €1.8m
- Provisions +€140,828
up €140,828 (+5,402%), from €2,607 to €143,435
- Gross operating margin +€65,907
up €65,907 (+85.6%), from -€77,028 to -€11,121
- Taxes +€64,795
up €64,795 (+798%), from €8,117 to €72,913
- Financial charges +€56,144
up €56,144 (+38.2%), from €146,843 to €202,987
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
-€117,997
Gross operating margin
+€65,907
Depreciation
-€20,505
Provisions
-€140,828
Other operating charges
+€2,580
Financial income
+€1.5m
Financial charges
-€56,144
Taxes
-€64,795
Result 2025
€1.2m
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
+€2.8m
Investment
-€1.6m
Financing
-€1.5m
Cash 2024
€613,532
From operations (derived)
+€2.8m
Net result for the year
+€1.2m
Depreciation
+€177,621
Receivables within one year
+€81,766
Deferred charges and accrued income
+€8,543
Provisions
+€207,066
Trade debts
+€18,839
Other debts
+€1.1m
Accrued charges and deferred income
-€11,713
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€398,756
Current investments
-€1.2m
Financing
-€1.5m
Debts after one year
-€103,178
Current portion of long-term debt
-€71,670
Contributions, distributions and other
-€1.4m
Cash 2025
€295,525
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,925,234 | €26,898,948 | +€973,714 | +3.8% |
| Fixed assets | 21/28 | €6,437,992 | €6,659,127 | +€221,135 | +3.4% |
| Intangible fixed assets | 21 | €9,237 | €6,804 | -€2,433 | -26.3% |
| Tangible fixed assets | 22/27 | €5,639,347 | €5,862,915 | +€223,568 | +4.0% |
| Furniture and vehicles | 24 | €29,823 | €194,185 | +€164,362 | +551% |
| Other tangible fixed assets | 26 | €5,609,524 | €5,668,730 | +€59,206 | +1.1% |
| Financial fixed assets | 28 | €789,408 | €789,408 | = | 0.0% |
| Current assets | 29/58 | €19,487,242 | €20,239,821 | +€752,579 | +3.9% |
| Amounts receivable within one year | 40/41 | €1,734,706 | €1,652,940 | -€81,766 | -4.7% |
| Trade receivables | 40 | €5,439 | €9,999 | +€4,560 | +83.8% |
| Other amounts receivable | 41 | €1,729,267 | €1,642,941 | -€86,326 | -5.0% |
| Current investments | 50/53 | €17,102,596 | €18,263,493 | +€1.2m | +6.8% |
| Cash at bank and in hand | 54/58 | €613,532 | €295,525 | -€318,008 | -51.8% |
| Deferred charges and accrued income | 490/1 | €36,407 | €27,864 | -€8,543 | -23.5% |
| Total equity and liabilities | 10/49 | €25,925,234 | €26,898,948 | +€973,714 | +3.8% |
| Equity | 10/15 | €23,145,195 | €22,943,053 | -€202,142 | -0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €157,200 | €157,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €157,200 | €157,200 | = | 0.0% |
| Legal reserve | 130 | €157,200 | €157,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,925,995 | €22,723,853 | -€202,142 | -0.9% |
| Provisions and deferred taxes | 16 | €2,607 | €209,673 | +€207,066 | +7,943% |
| Provisions for liabilities and charges | 160/5 | €2,607 | €209,673 | +€207,066 | +7,943% |
| Taxes | 161 | - | €63,631 | +€63,631 | |
| Other liabilities and charges | 164/5 | €2,607 | €146,042 | +€143,435 | +5,502% |
| Amounts payable | 17/49 | €2,777,431 | €3,746,222 | +€968,791 | +34.9% |
| Amounts payable after more than one year | 17 | €1,645,224 | €1,542,047 | -€103,178 | -6.3% |
| Financial debts | 170/4 | €1,645,224 | €1,542,047 | -€103,178 | -6.3% |
| Amounts payable within one year | 42/48 | €1,116,472 | €2,200,154 | +€1.1m | +97.1% |
| Current portion of amounts payable after more than one year | 42 | €770,525 | €698,855 | -€71,670 | -9.3% |
| Trade debts | 44 | €28,796 | €47,635 | +€18,839 | +65.4% |
| Suppliers | 440/4 | €28,796 | €47,635 | +€18,839 | +65.4% |
| Other amounts payable | 47/48 | €317,151 | €1,453,664 | +€1.1m | +358% |
| Accrued charges and deferred income | 492/3 | €15,735 | €4,021 | -€11,713 | -74.4% |
| Non-recurring operating income | 76A | €8,485 | €15,000 | +€6,515 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,116 | €177,621 | +€20,505 | +13.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,607 | €143,435 | +€140,828 | +5,402% |
| Other operating charges | 640/8 | €38,740 | €36,161 | -€2,580 | -6.7% |
| Gross operating margin | 9900 | -€77,028 | -€11,121 | +€65,907 | +85.6% |
| Operating profit (loss) | 9901 | -€275,492 | -€368,338 | -€92,847 | -33.7% |
| Financial income | 75/76B | €312,455 | €1,799,096 | +€1.5m | +476% |
| Recurring financial income | 75 | €312,455 | €1,799,096 | +€1.5m | +476% |
| Financial charges | 65/66B | €146,843 | €202,987 | +€56,144 | +38.2% |
| Recurring financial charges | 65 | €146,843 | €202,987 | +€56,144 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | -€109,880 | €1,227,771 | +€1.3m | |
| Income taxes | 67/77 | €8,117 | €72,913 | +€64,795 | +798% |
| Profit (loss) for the period | 9904 | -€117,997 | €1,154,858 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€117,997 | €1,154,858 | +€1.3m |
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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 1 November 2026 via checked.be.