CAIRA: 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.
CAIRA
Largest movements
- Cash -€63,501
down €63,501 (-46.9%), from €135,517 to €72,016
mainly Net result for the year (-€57,646) and Trade debts (-€30,352)
- Deferred charges and accrued income +€20,504
up €20,504 (+978%), from €2,097 to €22,601
- Stocks and contracts -€14,666
down €14,666 (-21.8%), from €67,371 to €52,705
- Profit (loss) carried forward -€57,646
down €57,646, from €36,858 to -€20,787
- Trade debts -€30,352
down €30,352 (-54.6%), from €55,635 to €25,283
- Tax, wage and social debts +€28,648
up €28,648 (+24.5%), from €116,839 to €145,486
of which Taxes: +€40,946
- Gross operating margin -€55,524
down €55,524 (-25.1%), from €221,646 to €166,122
- Turnover -€37,481
down €37,481 (-7.8%), from €482,638 to €445,156
- Taxes +€18,305
new in 2025: €18,305
- Staff costs -€15,445
down €15,445 (-6.9%), from €224,508 to €209,063
- Purchases and services -€13,693
down €13,693 (-4.7%), from €292,727 to €279,034
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 | €429,332 | €369,982 | -€59,350 | -13.8% |
| Fixed assets | 21/28 | €11,716 | €9,138 | -€2,578 | -22.0% |
| Tangible fixed assets | 22/27 | €7,168 | €7,748 | +€580 | +8.1% |
| Furniture and vehicles | 24 | €7,168 | €7,748 | +€580 | +8.1% |
| Financial fixed assets | 28 | €4,548 | €1,390 | -€3,158 | -69.4% |
| Current assets | 29/58 | €417,616 | €360,844 | -€56,772 | -13.6% |
| Stocks and contracts in progress | 3 | €67,371 | €52,705 | -€14,666 | -21.8% |
| Stocks | 30/36 | €67,371 | €52,705 | -€14,666 | -21.8% |
| Amounts receivable within one year | 40/41 | €212,631 | €213,522 | +€891 | +0.4% |
| Trade receivables | 40 | €81,912 | €49,157 | -€32,755 | -40.0% |
| Other amounts receivable | 41 | €130,719 | €164,365 | +€33,646 | +25.7% |
| Cash at bank and in hand | 54/58 | €135,517 | €72,016 | -€63,501 | -46.9% |
| Deferred charges and accrued income | 490/1 | €2,097 | €22,601 | +€20,504 | +978% |
| Total equity and liabilities | 10/49 | €429,332 | €369,982 | -€59,350 | -13.8% |
| Equity | 10/15 | €256,858 | €199,213 | -€57,646 | -22.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €200,000 | +€200,000 | |
| Other | 1109/19 | - | €200,000 | +€200,000 | |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,858 | -€20,787 | -€57,646 | |
| Amounts payable | 17/49 | €172,473 | €170,769 | -€1,704 | -1.0% |
| Amounts payable within one year | 42/48 | €172,473 | €170,769 | -€1,704 | -1.0% |
| Trade debts | 44 | €55,635 | €25,283 | -€30,352 | -54.6% |
| Suppliers | 440/4 | €55,635 | €25,283 | -€30,352 | -54.6% |
| Taxes, remuneration and social security | 45 | €116,839 | €145,486 | +€28,648 | +24.5% |
| Taxes | 450/3 | €82,914 | €123,859 | +€40,946 | +49.4% |
| Remuneration and social security | 454/9 | €33,925 | €21,627 | -€12,298 | -36.3% |
| Turnover | 70 | €482,638 | €445,156 | -€37,481 | -7.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €292,727 | €279,034 | -€13,693 | -4.7% |
| Remuneration, social security and pensions | 62 | €224,508 | €209,063 | -€15,445 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,114 | €1,212 | -€5,901 | -83.0% |
| Other operating charges | 640/8 | €1,028 | €4,248 | +€3,221 | +313% |
| Gross operating margin | 9900 | €221,646 | €166,122 | -€55,524 | -25.1% |
| Operating profit (loss) | 9901 | -€11,003 | -€48,401 | -€37,398 | -340% |
| Financial income | 75/76B | €5,956 | €9,774 | +€3,817 | +64.1% |
| Recurring financial income | 75 | €5,956 | €9,774 | +€3,817 | +64.1% |
| Financial charges | 65/66B | €7,145 | €714 | -€6,431 | -90.0% |
| Recurring financial charges | 65 | €7,145 | €714 | -€6,431 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,192 | -€39,341 | -€27,149 | -223% |
| Income taxes | 67/77 | - | €18,305 | +€18,305 | |
| Profit (loss) for the period | 9904 | -€12,192 | -€57,646 | -€45,454 | -373% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,192 | -€57,646 | -€45,454 | -373% |
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 29 October 2026 via checked.be.