CARTANA: 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.
CARTANA
Largest movements
- Receivables within one year +€103,153
up €103,153 (+118%), from €87,490 to €190,643
of which Trade receivables: +€100,073
- Cash -€26,458
down €26,458 (-52.9%), from €49,979 to €23,521
mainly Receivables within one year (-€103,153) and Stocks and contracts (-€19,432)
- Stocks and contracts +€19,432
up €19,432 (+10.0%), from €193,658 to €213,090
- Trade debts +€81,093
up €81,093 (+113%), from €71,766 to €152,859
- Profit (loss) carried forward +€34,349
up €34,349 (+123%), from €28,030 to €62,379
- Debts after one year -€17,012
down €17,012 (-30.7%), from €55,381 to €38,369
- Accrued charges and deferred income -€10,500
down €10,500 (-28.8%), from €36,481 to €25,981
- Advances received +€8,350
up €8,350 (+19.3%), from €43,200 to €51,550
- Financial charges -€55,482
down €55,482 (-96.3%), from €57,593 to €2,111
of which Non-recurring financial charges: -€54,481
- Write-downs -€22,500
no longer reported in 2024 (was €22,500)
- Other operating charges -€2,121
down €2,121 (-60.9%), from €3,484 to €1,363
- Staff costs +€1,317
new in 2024: €1,317
- Gross operating margin +€1,136
up €1,136 (+2.8%), from €40,486 to €41,622
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,773 | €431,405 | +€93,632 | +27.7% |
| Fixed assets | 21/28 | €6,646 | €4,152 | -€2,494 | -37.5% |
| Tangible fixed assets | 22/27 | €6,378 | €3,884 | -€2,494 | -39.1% |
| Furniture and vehicles | 24 | €6,378 | €3,884 | -€2,494 | -39.1% |
| Financial fixed assets | 28 | €268 | €268 | +€0 | 0.0% |
| Current assets | 29/58 | €331,127 | €427,254 | +€96,127 | +29.0% |
| Stocks and contracts in progress | 3 | €193,658 | €213,090 | +€19,432 | +10.0% |
| Stocks | 30/36 | €193,658 | €213,090 | +€19,432 | +10.0% |
| Amounts receivable within one year | 40/41 | €87,490 | €190,643 | +€103,153 | +118% |
| Trade receivables | 40 | €82,113 | €182,186 | +€100,073 | +122% |
| Other amounts receivable | 41 | €5,377 | €8,457 | +€3,080 | +57.3% |
| Cash at bank and in hand | 54/58 | €49,979 | €23,521 | -€26,458 | -52.9% |
| Total equity and liabilities | 10/49 | €337,773 | €431,405 | +€93,632 | +27.7% |
| Equity | 10/15 | €42,390 | €76,739 | +€34,349 | +81.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,030 | €62,379 | +€34,349 | +123% |
| Amounts payable | 17/49 | €295,383 | €354,666 | +€59,283 | +20.1% |
| Amounts payable after more than one year | 17 | €55,381 | €38,369 | -€17,012 | -30.7% |
| Financial debts | 170/4 | €55,381 | €38,369 | -€17,012 | -30.7% |
| Amounts payable within one year | 42/48 | €203,521 | €290,316 | +€86,795 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €16,674 | €17,012 | +€338 | +2.0% |
| Trade debts | 44 | €71,766 | €152,859 | +€81,093 | +113% |
| Suppliers | 440/4 | €71,766 | €152,859 | +€81,093 | +113% |
| Advances received on contracts in progress | 46 | €43,200 | €51,550 | +€8,350 | +19.3% |
| Taxes, remuneration and social security | 45 | €2,275 | €83 | -€2,192 | -96.3% |
| Taxes | 450/3 | €2,275 | €83 | -€2,192 | -96.3% |
| Other amounts payable | 47/48 | €69,606 | €68,811 | -€795 | -1.1% |
| Accrued charges and deferred income | 492/3 | €36,481 | €25,981 | -€10,500 | -28.8% |
| Non-recurring operating income | 76A | - | €1,339 | +€1,339 | |
| Remuneration, social security and pensions | 62 | - | €1,317 | +€1,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,901 | €2,494 | -€407 | -14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,500 | - | -€22,500 | |
| Other operating charges | 640/8 | €3,484 | €1,363 | -€2,121 | -60.9% |
| Gross operating margin | 9900 | €40,486 | €41,622 | +€1,136 | +2.8% |
| Operating profit (loss) | 9901 | €11,601 | €36,448 | +€24,847 | +214% |
| Financial income | 75/76B | €570 | €13 | -€557 | -97.8% |
| Recurring financial income | 75 | €570 | €13 | -€557 | -97.8% |
| Financial charges | 65/66B | €57,593 | €2,111 | -€55,482 | -96.3% |
| Recurring financial charges | 65 | €3,112 | €2,111 | -€1,001 | -32.2% |
| Non-recurring financial charges | 66B | €54,481 | - | -€54,481 | |
| Profit (loss) for the period before taxes | 9903 | -€45,422 | €34,349 | +€79,771 | |
| Profit (loss) for the period | 9904 | -€45,422 | €34,349 | +€79,771 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,422 | €34,349 | +€79,771 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.