CARTIM: what changed
What changed
CARTIM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€106,955
2024 · -€180,154+€73,199
Equity
€243,162
2024 · €350,117-€106,955
Cash
€17,711
2024 · €43,178-€25,468
Balance sheet total
€5.2m
2024 · €5.3m-€115,736
Largest movements
Assets
- Tangible fixed assets -€100,543
down €100,543 (-2.1%), from €4.9m to €4.8m
of which Land and buildings: -€96,459
Equity and liabilities
- Debts after one year -€182,255
down €182,255 (-4.7%), from €3.9m to €3.7m
- Trade debts +€166,752
up €166,752 (+27.1%), from €615,876 to €782,628
- Profit (loss) carried forward -€106,955
down €106,955 (-41.0%), from -€260,968 to -€367,923
Income statement
- Other operating charges -€198,545
down €198,545 (-64.5%), from €307,599 to €109,054
- Gross operating margin -€81,114
down €81,114 (-18.5%), from €438,857 to €357,744
- Financial charges -€44,006
down €44,006 (-64.0%), from €68,808 to €24,801
- Write-downs -€42,630
no longer reported in 2025 (was €42,630)
- Depreciation +€21,446
up €21,446 (+8.9%), from €240,419 to €261,865
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€180,154
Gross operating margin
-€81,114
Staff costs
+€2,371
Depreciation
-€21,446
Write-downs
+€42,630
Other operating charges
+€198,545
Other operating items
+€16,250
Financial income
-€77
Financial charges
+€44,006
Taxes
-€7,714
Deferred taxes and other
-€120,251
Result 2025
-€106,955
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€310,820
Investment
-€161,322
Financing
-€174,965
Cash 2024
€43,178
From operations (derived)
+€310,820
Net result for the year
-€106,955
Depreciation
+€261,865
Receivables within one year
-€10,859
Deferred charges and accrued income
+€585
Trade debts
+€166,752
Tax, wage and social debts
+€831
Other debts
+€15,735
Accrued charges and deferred income
-€17,133
Investment (derived)
-€161,322
Investment in fixed assets (net)
-€161,322
Financing
-€174,965
Debts after one year
-€182,255
Current portion of long-term debt
+€7,290
Cash 2025
€17,711
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,322,611 | €5,206,875 | -€115,736 | -2.2% |
| Fixed assets | 21/28 | €4,856,690 | €4,756,147 | -€100,543 | -2.1% |
| Tangible fixed assets | 22/27 | €4,852,940 | €4,752,397 | -€100,543 | -2.1% |
| Land and buildings | 22 | €4,842,675 | €4,746,216 | -€96,459 | -2.0% |
| Plant, machinery and equipment | 23 | €319 | €160 | -€160 | -49.9% |
| Furniture and vehicles | 24 | €349 | €101 | -€248 | -71.1% |
| Other tangible fixed assets | 26 | €9,596 | €5,920 | -€3,676 | -38.3% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €465,921 | €450,728 | -€15,194 | -3.3% |
| Amounts receivable within one year | 40/41 | €422,158 | €433,017 | +€10,859 | +2.6% |
| Trade receivables | 40 | €19,260 | €36,416 | +€17,156 | +89.1% |
| Other amounts receivable | 41 | €402,899 | €396,601 | -€6,297 | -1.6% |
| Cash at bank and in hand | 54/58 | €43,178 | €17,711 | -€25,468 | -59.0% |
| Deferred charges and accrued income | 490/1 | €585 | - | -€585 | |
| Total equity and liabilities | 10/49 | €5,322,611 | €5,206,875 | -€115,736 | -2.2% |
| Equity | 10/15 | €350,117 | €243,162 | -€106,955 | -30.5% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €11,085 | €11,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,085 | €1,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,968 | -€367,923 | -€106,955 | -41.0% |
| Amounts payable | 17/49 | €4,972,494 | €4,963,713 | -€8,781 | -0.2% |
| Amounts payable after more than one year | 17 | €3,876,207 | €3,693,952 | -€182,255 | -4.7% |
| Financial debts | 170/4 | €3,876,207 | €3,693,952 | -€182,255 | -4.7% |
| Amounts payable within one year | 42/48 | €1,075,012 | €1,265,619 | +€190,607 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €309,817 | €317,107 | +€7,290 | +2.4% |
| Trade debts | 44 | €615,876 | €782,628 | +€166,752 | +27.1% |
| Suppliers | 440/4 | €615,876 | €782,628 | +€166,752 | +27.1% |
| Taxes, remuneration and social security | 45 | €24,557 | €25,388 | +€831 | +3.4% |
| Taxes | 450/3 | €23,101 | €23,098 | -€3 | 0.0% |
| Remuneration and social security | 454/9 | €1,456 | €2,290 | +€834 | +57.2% |
| Other amounts payable | 47/48 | €124,761 | €140,496 | +€15,735 | +12.6% |
| Accrued charges and deferred income | 492/3 | €21,275 | €4,142 | -€17,133 | -80.5% |
| Remuneration, social security and pensions | 62 | €40,534 | €38,163 | -€2,371 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,419 | €261,865 | +€21,446 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,630 | - | -€42,630 | |
| Other operating charges | 640/8 | €307,599 | €109,054 | -€198,545 | -64.5% |
| Non-recurring operating charges | 66A | €16,250 | - | -€16,250 | |
| Gross operating margin | 9900 | €438,857 | €357,744 | -€81,114 | -18.5% |
| Operating profit (loss) | 9901 | -€208,575 | -€51,339 | +€157,236 | +75.4% |
| Financial income | 75/76B | €77 | - | -€77 | |
| Recurring financial income | 75 | €77 | - | -€77 | |
| Financial charges | 65/66B | €68,808 | €24,801 | -€44,006 | -64.0% |
| Recurring financial charges | 65 | €68,808 | €24,801 | -€44,006 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | -€277,305 | -€76,140 | +€201,165 | +72.5% |
| Transfer from deferred taxes | 780 | €120,251 | - | -€120,251 | |
| Income taxes | 67/77 | €23,101 | €30,815 | +€7,714 | +33.4% |
| Profit (loss) for the period | 9904 | -€180,154 | -€106,955 | +€73,199 | +40.6% |
| Transfer from tax-exempt reserves | 789 | €360,754 | - | -€360,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €180,600 | -€106,955 | -€287,555 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.