CARTEX: 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.
CARTEX
Largest movements
- Tangible fixed assets -€100
no longer reported in 2021 (was €100)
- Debts within one year -€363
down €363 (-8.2%), from €4,432 to €4,069
of which Trade debts: -€363
- Profit (loss) carried forward +€326
up €326 (+2.0%), from -€16,215 to -€15,889
- Gross operating margin +€3,161
up €3,161, from -€2,026 to €1,135
- Other operating charges +€341
new in 2021: €341
- Depreciation -€234
down €234 (-70.1%), from €334 to €100
- Financial charges +€98
new in 2021: €98
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,580 | €8,543 | -€37 | -0.4% |
| Fixed assets | 21/28 | €100 | - | -€100 | |
| Tangible fixed assets | 22/27 | €100 | - | -€100 | |
| Current assets | 29/58 | €8,480 | €8,543 | +€63 | +0.7% |
| Amounts receivable within one year | 40/41 | €6,670 | €8,518 | +€1,848 | +27.7% |
| Trade receivables | 40 | - | €3,440 | +€3,440 | |
| Other amounts receivable | 41 | - | €5,078 | +€5,078 | |
| Cash at bank and in hand | 54/58 | €1,540 | €25 | -€1,515 | -98.4% |
| Total equity and liabilities | 10/49 | €8,580 | €8,543 | -€37 | -0.4% |
| Equity | 10/15 | €4,148 | €4,474 | +€326 | +7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | -€0 | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,771 | €1,771 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,771 | +€1,771 | |
| Legal reserve | 130 | - | €1,771 | +€1,771 | |
| Profit (loss) carried forward | 14 | -€16,215 | -€15,889 | +€326 | +2.0% |
| Amounts payable | 17/49 | €4,432 | €4,069 | -€363 | -8.2% |
| Amounts payable within one year | 42/48 | €4,432 | €4,069 | -€363 | -8.2% |
| Trade debts | 44 | €363 | - | -€363 | |
| Taxes, remuneration and social security | 45 | - | €3,333 | +€3,333 | |
| Taxes | 450/3 | - | €3,333 | +€3,333 | |
| Other amounts payable | 47/48 | - | €736 | +€736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | €100 | -€234 | -70.1% |
| Other operating charges | 640/8 | - | €341 | +€341 | |
| Non-recurring operating charges | 66A | - | €270 | +€270 | |
| Gross operating margin | 9900 | -€2,026 | €1,135 | +€3,161 | |
| Operating profit (loss) | 9901 | -€3,598 | €424 | +€4,022 | |
| Financial charges | 65/66B | - | €98 | +€98 | |
| Recurring financial charges | 65 | €92 | €98 | +€6 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,689 | €326 | +€4,015 | |
| Profit (loss) for the period | 9904 | -€3,689 | €326 | +€4,015 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,689 | €326 | +€4,015 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.