CARTH & CO: 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.
CARTH & CO
Largest movements
- Tangible fixed assets +€81,903
up €81,903 (+15.2%), from €538,099 to €620,002
of which Land and buildings: +€89,518
- Reserves +€98,231
up €98,231 (+85.6%), from €114,793 to €213,024
- Debts after one year -€32,317
down €32,317 (-8.7%), from €370,169 to €337,852
- Other debts +€16,509
up €16,509 (+10.4%), from €158,699 to €175,208
- Gross operating margin +€43,363
up €43,363 (+21.7%), from €199,540 to €242,903
- Taxes +€13,065
up €13,065 (+39.0%), from €33,480 to €46,545
- Financial charges +€12,829
up €12,829 (+72.5%), from €17,693 to €30,522
- Other operating charges -€12,253
down €12,253 (-28.7%), from €42,675 to €30,422
- Depreciation +€6,206
up €6,206 (+15.0%), from €41,267 to €47,473
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 | €801,692 | €897,055 | +€95,363 | +11.9% |
| Fixed assets | 21/28 | €626,735 | €712,187 | +€85,452 | +13.6% |
| Tangible fixed assets | 22/27 | €538,099 | €620,002 | +€81,903 | +15.2% |
| Land and buildings | 22 | €505,622 | €595,140 | +€89,518 | +17.7% |
| Plant, machinery and equipment | 23 | - | €1,229 | +€1,229 | |
| Furniture and vehicles | 24 | €32,477 | €23,633 | -€8,844 | -27.2% |
| Financial fixed assets | 28 | €88,636 | €92,185 | +€3,549 | +4.0% |
| Current assets | 29/58 | €174,957 | €184,868 | +€9,911 | +5.7% |
| Amounts receivable within one year | 40/41 | €114,352 | €122,643 | +€8,291 | +7.3% |
| Trade receivables | 40 | €889 | - | -€889 | |
| Other amounts receivable | 41 | €113,463 | €122,643 | +€9,180 | +8.1% |
| Cash at bank and in hand | 54/58 | €56,897 | €58,451 | +€1,554 | +2.7% |
| Deferred charges and accrued income | 490/1 | €3,708 | €3,774 | +€66 | +1.8% |
| Total equity and liabilities | 10/49 | €801,692 | €897,055 | +€95,363 | +11.9% |
| Equity | 10/15 | €219,450 | €317,681 | +€98,231 | +44.8% |
| Contributions | 10/11 | €94,031 | €94,031 | = | 0.0% |
| Reserves | 13 | €114,793 | €213,024 | +€98,231 | +85.6% |
| Distributable reserves | 133 | €114,793 | €213,024 | +€98,231 | +85.6% |
| Profit (loss) carried forward | 14 | €10,626 | €10,626 | = | 0.0% |
| Amounts payable | 17/49 | €582,242 | €579,374 | -€2,868 | -0.5% |
| Amounts payable after more than one year | 17 | €370,169 | €337,852 | -€32,317 | -8.7% |
| Financial debts | 170/4 | €370,169 | €337,852 | -€32,317 | -8.7% |
| Amounts payable within one year | 42/48 | €206,715 | €228,846 | +€22,131 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €30,884 | €32,317 | +€1,433 | +4.6% |
| Trade debts | 44 | €5,197 | €13,850 | +€8,653 | +166% |
| Suppliers | 440/4 | €5,197 | €13,850 | +€8,653 | +166% |
| Taxes, remuneration and social security | 45 | €11,935 | €7,471 | -€4,464 | -37.4% |
| Taxes | 450/3 | €11,935 | €7,471 | -€4,464 | -37.4% |
| Other amounts payable | 47/48 | €158,699 | €175,208 | +€16,509 | +10.4% |
| Accrued charges and deferred income | 492/3 | €5,358 | €12,676 | +€7,318 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,267 | €47,473 | +€6,206 | +15.0% |
| Other operating charges | 640/8 | €42,675 | €30,422 | -€12,253 | -28.7% |
| Gross operating margin | 9900 | €199,540 | €242,903 | +€43,363 | +21.7% |
| Operating profit (loss) | 9901 | €115,598 | €165,008 | +€49,410 | +42.7% |
| Financial income | 75/76B | €6,080 | €10,290 | +€4,210 | +69.2% |
| Recurring financial income | 75 | €6,080 | €10,290 | +€4,210 | +69.2% |
| Financial charges | 65/66B | €17,693 | €30,522 | +€12,829 | +72.5% |
| Recurring financial charges | 65 | €17,693 | €30,522 | +€12,829 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €103,985 | €144,776 | +€40,791 | +39.2% |
| Income taxes | 67/77 | €33,480 | €46,545 | +€13,065 | +39.0% |
| Profit (loss) for the period | 9904 | €70,505 | €98,231 | +€27,726 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,505 | €98,231 | +€27,726 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.