CARRETEX: what changed
Two fiscal 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.
CARRETEX
Largest movements
- Cash -€92,750
down €92,750 (-28.0%), from €331,005 to €238,256
mainly Other debts (-€93,307) and Tax, wage and social debts (-€84,022)
- Tangible fixed assets -€37,288
down €37,288 (-11.0%), from €338,887 to €301,599
of which Land and buildings: -€31,483
- Stocks and contracts -€13,396
down €13,396 (-14.7%), from €91,404 to €78,008
- Other debts -€93,307
down €93,307 (-31.6%), from €295,698 to €202,391
- Tax, wage and social debts -€84,022
down €84,022 (-81.2%), from €103,534 to €19,512
of which Taxes: -€83,481
- Profit (loss) carried forward +€73,871
up €73,871 (+42.5%), from €173,964 to €247,835
- Debts after one year -€22,215
down €22,215 (-19.6%), from €113,473 to €91,258
- Current portion of long-term debt -€12,514
down €12,514 (-36.0%), from €34,729 to €22,215
- Depreciation -€33,490
down €33,490 (-40.8%), from €81,993 to €48,503
- Gross operating margin +€17,687
up €17,687 (+7.2%), from €244,279 to €261,966
- Financial income -€16,655
down €16,655 (-91.4%), from €18,217 to €1,563
- Taxes +€8,763
up €8,763 (+51.4%), from €17,038 to €25,801
- Staff costs +€3,483
up €3,483 (+3.7%), from €94,656 to €98,139
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.
Cash bridge derived
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 | €765,723 | €624,013 | -€141,710 | -18.5% |
| Fixed assets | 21/28 | €338,887 | €301,599 | -€37,288 | -11.0% |
| Tangible fixed assets | 22/27 | €338,887 | €301,599 | -€37,288 | -11.0% |
| Land and buildings | 22 | €285,568 | €254,085 | -€31,483 | -11.0% |
| Plant, machinery and equipment | 23 | €50,981 | €39,488 | -€11,493 | -22.5% |
| Furniture and vehicles | 24 | €2,338 | €8,026 | +€5,688 | +243.3% |
| Current assets | 29/58 | €426,836 | €322,413 | -€104,422 | -24.5% |
| Stocks and contracts in progress | 3 | €91,404 | €78,008 | -€13,396 | -14.7% |
| Stocks | 30/36 | €91,404 | €78,008 | -€13,396 | -14.7% |
| Amounts receivable within one year | 40/41 | €2,673 | €1,541 | -€1,132 | -42.4% |
| Trade receivables | 40 | - | €1,037 | +€1,037 | |
| Other amounts receivable | 41 | €2,673 | €503 | -€2,169 | -81.2% |
| Cash at bank and in hand | 54/58 | €331,005 | €238,256 | -€92,750 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,754 | €4,609 | +€2,855 | +162.8% |
| Total equity and liabilities | 10/49 | €765,723 | €624,013 | -€141,710 | -18.5% |
| Equity | 10/15 | €195,964 | €269,835 | +€73,871 | +37.7% |
| Contributions | 10/11 | €20,000 | €22,000 | +€2,000 | +10.0% |
| Reserves | 13 | €2,000 | €0 | -€2,000 | -100.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Own shares acquired | 1312 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €173,964 | €247,835 | +€73,871 | +42.5% |
| Amounts payable | 17/49 | €569,759 | €354,178 | -€215,581 | -37.8% |
| Amounts payable after more than one year | 17 | €113,473 | €91,258 | -€22,215 | -19.6% |
| Financial debts | 170/4 | €113,473 | €91,258 | -€22,215 | -19.6% |
| Amounts payable within one year | 42/48 | €456,286 | €262,919 | -€193,366 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €34,729 | €22,215 | -€12,514 | -36.0% |
| Trade debts | 44 | €22,325 | €18,801 | -€3,523 | -15.8% |
| Suppliers | 440/4 | €22,325 | €18,801 | -€3,523 | -15.8% |
| Taxes, remuneration and social security | 45 | €103,534 | €19,512 | -€84,022 | -81.2% |
| Taxes | 450/3 | €96,767 | €13,286 | -€83,481 | -86.3% |
| Remuneration and social security | 454/9 | €6,768 | €6,226 | -€541 | -8.0% |
| Other amounts payable | 47/48 | €295,698 | €202,391 | -€93,307 | -31.6% |
| Remuneration, social security and pensions | 62 | €94,656 | €98,139 | +€3,483 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,993 | €48,503 | -€33,490 | -40.8% |
| Other operating charges | 640/8 | €13,152 | €13,409 | +€257 | +2.0% |
| Gross operating margin | 9900 | €244,279 | €261,966 | +€17,687 | +7.2% |
| Operating profit (loss) | 9901 | €54,478 | €101,916 | +€47,438 | +87.1% |
| Financial income | 75/76B | €18,217 | €1,563 | -€16,655 | -91.4% |
| Recurring financial income | 75 | €18,217 | €1,563 | -€16,655 | -91.4% |
| Financial charges | 65/66B | €5,990 | €3,807 | -€2,184 | -36.5% |
| Recurring financial charges | 65 | €5,990 | €3,807 | -€2,184 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €66,705 | €99,671 | +€32,966 | +49.4% |
| Income taxes | 67/77 | €17,038 | €25,801 | +€8,763 | +51.4% |
| Profit (loss) for the period | 9904 | €49,667 | €73,871 | +€24,204 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,667 | €73,871 | +€24,204 | +48.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.