Cartechnic: 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.
Cartechnic
Largest movements
- Tangible fixed assets -€49,228
down €49,228 (-3.4%), from €1.5m to €1.4m
of which Land and buildings: -€30,879
- Cash +€34,722
up €34,722 (+51.1%), from €67,919 to €102,641
mainly Depreciation (+€86,817) and Net result for the year (+€82,983)
- Stocks and contracts +€26,110
up €26,110 (+71.7%), from €36,410 to €62,520
- Profit (loss) carried forward +€82,983
up €82,983 (+25.6%), from €324,468 to €407,451
- Debts after one year -€55,149
down €55,149 (-5.7%), from €973,522 to €918,373
- Gross operating margin +€86,286
up €86,286 (+28.2%), from €306,386 to €392,672
- Staff costs +€30,513
up €30,513 (+25.2%), from €120,896 to €151,409
- Taxes +€21,085
up €21,085 (+509.5%), from €4,138 to €25,223
- Depreciation +€16,758
up €16,758 (+23.9%), from €70,059 to €86,817
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 | €1,612,898 | €1,630,724 | +€17,826 | +1.1% |
| Fixed assets | 21/28 | €1,463,861 | €1,414,633 | -€49,228 | -3.4% |
| Tangible fixed assets | 22/27 | €1,463,861 | €1,414,633 | -€49,228 | -3.4% |
| Land and buildings | 22 | €1,381,757 | €1,350,878 | -€30,879 | -2.2% |
| Plant, machinery and equipment | 23 | €22,188 | €17,894 | -€4,294 | -19.4% |
| Furniture and vehicles | 24 | €59,916 | €45,861 | -€14,055 | -23.5% |
| Current assets | 29/58 | €149,037 | €216,091 | +€67,054 | +45.0% |
| Stocks and contracts in progress | 3 | €36,410 | €62,520 | +€26,110 | +71.7% |
| Stocks | 30/36 | €36,410 | €62,520 | +€26,110 | +71.7% |
| Amounts receivable within one year | 40/41 | €44,708 | €48,261 | +€3,553 | +7.9% |
| Trade receivables | 40 | €33,845 | €37,399 | +€3,554 | +10.5% |
| Other amounts receivable | 41 | €10,863 | €10,862 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €67,919 | €102,641 | +€34,722 | +51.1% |
| Deferred charges and accrued income | 490/1 | - | €2,669 | +€2,669 | |
| Total equity and liabilities | 10/49 | €1,612,898 | €1,630,724 | +€17,826 | +1.1% |
| Equity | 10/15 | €396,267 | €479,250 | +€82,983 | +20.9% |
| Contributions | 10/11 | €6,448 | €6,448 | = | 0.0% |
| Reserves | 13 | €65,351 | €65,351 | = | 0.0% |
| Distributable reserves | 133 | €65,351 | €65,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | €324,468 | €407,451 | +€82,983 | +25.6% |
| Amounts payable | 17/49 | €1,216,631 | €1,151,474 | -€65,157 | -5.4% |
| Amounts payable after more than one year | 17 | €973,522 | €918,373 | -€55,149 | -5.7% |
| Financial debts | 170/4 | €973,522 | €918,373 | -€55,149 | -5.7% |
| Amounts payable within one year | 42/48 | €243,109 | €233,101 | -€10,008 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €57,997 | €60,067 | +€2,070 | +3.6% |
| Trade debts | 44 | €61,699 | €51,681 | -€10,018 | -16.2% |
| Suppliers | 440/4 | €61,699 | €51,681 | -€10,018 | -16.2% |
| Taxes, remuneration and social security | 45 | €26,061 | €35,434 | +€9,373 | +36.0% |
| Taxes | 450/3 | €20,339 | €12,567 | -€7,772 | -38.2% |
| Remuneration and social security | 454/9 | €5,722 | €22,867 | +€17,145 | +299.6% |
| Other amounts payable | 47/48 | €97,352 | €85,919 | -€11,433 | -11.7% |
| Remuneration, social security and pensions | 62 | €120,896 | €151,409 | +€30,513 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,059 | €86,817 | +€16,758 | +23.9% |
| Other operating charges | 640/8 | €6,454 | €6,551 | +€97 | +1.5% |
| Gross operating margin | 9900 | €306,386 | €392,672 | +€86,286 | +28.2% |
| Operating profit (loss) | 9901 | €108,977 | €147,895 | +€38,918 | +35.7% |
| Financial income | 75/76B | €6 | €2 | -€4 | -66.7% |
| Recurring financial income | 75 | €6 | €2 | -€4 | -66.7% |
| Financial charges | 65/66B | €41,110 | €39,691 | -€1,419 | -3.5% |
| Recurring financial charges | 65 | €41,110 | €39,691 | -€1,419 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €67,873 | €108,206 | +€40,333 | +59.4% |
| Income taxes | 67/77 | €4,138 | €25,223 | +€21,085 | +509.5% |
| Profit (loss) for the period | 9904 | €63,735 | €82,983 | +€19,248 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,735 | €82,983 | +€19,248 | +30.2% |
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 3 October 2026 via checked.be.