CARTENSTAT ACCOUNTANCY: 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.
CARTENSTAT ACCOUNTANCY
Largest movements
- Current investments +€24,541
up €24,541 (+32.9%), from €74,585 to €99,126
- Cash +€16,290
up €16,290 (+5.1%), from €321,324 to €337,615
mainly Net result for the year (+€94,890) and Depreciation (+€11,173)
- Receivables within one year -€9,042
down €9,042 (-6.4%), from €142,223 to €133,181
of which Trade receivables: -€9,075
- Reserves +€94,890
up €94,890 (+19.4%), from €489,416 to €584,306
- Other debts -€70,510
down €70,510 (-93.1%), from €75,698 to €5,188
- Gross operating margin -€4,942
down €4,942 (-3.4%), from €146,611 to €141,669
- Depreciation +€2,831
up €2,831 (+33.9%), from €8,342 to €11,173
- Taxes -€2,388
down €2,388 (-5.8%), from €41,086 to €38,697
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 | €637,471 | €666,778 | +€29,307 | +4.6% |
| Fixed assets | 21/28 | €96,294 | €90,829 | -€5,465 | -5.7% |
| Tangible fixed assets | 22/27 | €96,294 | €90,829 | -€5,465 | -5.7% |
| Land and buildings | 22 | €87,755 | €82,211 | -€5,543 | -6.3% |
| Plant, machinery and equipment | 23 | - | €5,487 | +€5,487 | |
| Furniture and vehicles | 24 | €8,539 | €3,131 | -€5,408 | -63.3% |
| Current assets | 29/58 | €541,177 | €575,948 | +€34,772 | +6.4% |
| Amounts receivable within one year | 40/41 | €142,223 | €133,181 | -€9,042 | -6.4% |
| Trade receivables | 40 | €142,175 | €133,100 | -€9,075 | -6.4% |
| Other amounts receivable | 41 | €48 | €81 | +€33 | +69.7% |
| Current investments | 50/53 | €74,585 | €99,126 | +€24,541 | +32.9% |
| Cash at bank and in hand | 54/58 | €321,324 | €337,615 | +€16,290 | +5.1% |
| Deferred charges and accrued income | 490/1 | €3,045 | €6,026 | +€2,981 | +97.9% |
| Total equity and liabilities | 10/49 | €637,471 | €666,778 | +€29,307 | +4.6% |
| Equity | 10/15 | €508,016 | €602,906 | +€94,890 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €489,416 | €584,306 | +€94,890 | +19.4% |
| Distributable reserves | 133 | €489,416 | €584,306 | +€94,890 | +19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €9,000 | €9,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,000 | €9,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable | 17/49 | €120,455 | €54,872 | -€65,583 | -54.4% |
| Amounts payable within one year | 42/48 | €119,541 | €53,950 | -€65,591 | -54.9% |
| Trade debts | 44 | €170 | €3,138 | +€2,968 | +1,750% |
| Suppliers | 440/4 | €170 | €3,138 | +€2,968 | +1,750% |
| Taxes, remuneration and social security | 45 | €43,674 | €45,625 | +€1,951 | +4.5% |
| Taxes | 450/3 | €43,674 | €45,625 | +€1,951 | +4.5% |
| Other amounts payable | 47/48 | €75,698 | €5,188 | -€70,510 | -93.1% |
| Accrued charges and deferred income | 492/3 | €914 | €922 | +€8 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,342 | €11,173 | +€2,831 | +33.9% |
| Other operating charges | 640/8 | €1,536 | €1,526 | -€10 | -0.7% |
| Gross operating margin | 9900 | €146,611 | €141,669 | -€4,942 | -3.4% |
| Operating profit (loss) | 9901 | €136,733 | €128,970 | -€7,762 | -5.7% |
| Financial income | 75/76B | €5,506 | €4,772 | -€735 | -13.3% |
| Recurring financial income | 75 | €5,506 | €4,772 | -€735 | -13.3% |
| Financial charges | 65/66B | €186 | €155 | -€31 | -16.5% |
| Recurring financial charges | 65 | €186 | €155 | -€31 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €142,053 | €133,587 | -€8,466 | -6.0% |
| Income taxes | 67/77 | €41,086 | €38,697 | -€2,388 | -5.8% |
| Profit (loss) for the period | 9904 | €100,968 | €94,890 | -€6,078 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,968 | €94,890 | -€6,078 | -6.0% |
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 24 October 2026 via checked.be.