Cartière: 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.
Cartière
Largest movements
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Tangible fixed assets -€67,352
down €67,352 (-7.0%), from €956,179 to €888,827
of which Land and buildings: -€42,474
- Cash +€46,225
up €46,225 (+22.5%), from €205,052 to €251,277
mainly Current investments (+€75,000) and Depreciation (+€69,391)
- Tax, wage and social debts -€102,891
down €102,891 (-63.7%), from €161,496 to €58,605
of which Taxes: -€118,312
- Debts after one year -€55,590
down €55,590 (-7.6%), from €728,255 to €672,665
- Reserves +€50,704
up €50,704 (+9.8%), from €516,579 to €567,284
- Staff costs +€92,796
up €92,796 (+22.1%), from €419,601 to €512,398
- Gross operating margin +€48,015
up €48,015 (+7.6%), from €635,052 to €683,067
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 | €1,917,729 | €1,814,951 | -€102,778 | -5.4% |
| Fixed assets | 21/28 | €956,629 | €889,277 | -€67,352 | -7.0% |
| Tangible fixed assets | 22/27 | €956,179 | €888,827 | -€67,352 | -7.0% |
| Land and buildings | 22 | €892,098 | €849,623 | -€42,474 | -4.8% |
| Plant, machinery and equipment | 23 | €4,264 | €3,172 | -€1,092 | -25.6% |
| Furniture and vehicles | 24 | €59,818 | €36,033 | -€23,785 | -39.8% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €961,100 | €925,674 | -€35,426 | -3.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €613,770 | €598,738 | -€15,031 | -2.4% |
| Trade receivables | 40 | €495,361 | €371,278 | -€124,083 | -25.0% |
| Other amounts receivable | 41 | €118,409 | €227,461 | +€109,052 | +92.1% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €205,052 | €251,277 | +€46,225 | +22.5% |
| Deferred charges and accrued income | 490/1 | €7,278 | €15,658 | +€8,380 | +115% |
| Total equity and liabilities | 10/49 | €1,917,729 | €1,814,951 | -€102,778 | -5.4% |
| Equity | 10/15 | €518,579 | €569,284 | +€50,704 | +9.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €516,579 | €567,284 | +€50,704 | +9.8% |
| Distributable reserves | 133 | €516,579 | €567,284 | +€50,704 | +9.8% |
| Amounts payable | 17/49 | €1,399,150 | €1,245,668 | -€153,482 | -11.0% |
| Amounts payable after more than one year | 17 | €728,255 | €672,665 | -€55,590 | -7.6% |
| Financial debts | 170/4 | €728,255 | €672,665 | -€55,590 | -7.6% |
| Amounts payable within one year | 42/48 | €670,895 | €573,003 | -€97,892 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €54,395 | €55,590 | +€1,195 | +2.2% |
| Trade debts | 44 | €449,628 | €439,422 | -€10,206 | -2.3% |
| Suppliers | 440/4 | €449,628 | €439,422 | -€10,206 | -2.3% |
| Taxes, remuneration and social security | 45 | €161,496 | €58,605 | -€102,891 | -63.7% |
| Taxes | 450/3 | €121,312 | €3,000 | -€118,312 | -97.5% |
| Remuneration and social security | 454/9 | €40,184 | €55,605 | +€15,421 | +38.4% |
| Other amounts payable | 47/48 | €5,376 | €19,386 | +€14,010 | +261% |
| Remuneration, social security and pensions | 62 | €419,601 | €512,398 | +€92,796 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,005 | €69,391 | -€5,613 | -7.5% |
| Other operating charges | 640/8 | €4,071 | €4,446 | +€375 | +9.2% |
| Non-recurring operating charges | 66A | €58 | €104 | +€46 | +79.3% |
| Gross operating margin | 9900 | €635,052 | €683,067 | +€48,015 | +7.6% |
| Operating profit (loss) | 9901 | €136,317 | €96,728 | -€39,589 | -29.0% |
| Financial income | 75/76B | €3,298 | €8,950 | +€5,653 | +171% |
| Recurring financial income | 75 | €3,298 | €8,950 | +€5,653 | +171% |
| Financial charges | 65/66B | €20,516 | €22,949 | +€2,432 | +11.9% |
| Recurring financial charges | 65 | €20,516 | €22,949 | +€2,432 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €119,098 | €82,730 | -€36,369 | -30.5% |
| Income taxes | 67/77 | €34,623 | €30,365 | -€4,258 | -12.3% |
| Profit (loss) for the period | 9904 | €84,475 | €52,364 | -€32,111 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,475 | €52,364 | -€32,111 | -38.0% |
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 17 October 2026 via checked.be.