CARTIRIK: 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.
CARTIRIK
Largest movements
- Cash +€599,929
up €599,929 (+100.0%), from €600,198 to €1.2m
mainly Investment in fixed assets (net) (+€291,527) and Net result for the year (+€175,848)
- Tangible fixed assets -€292,212
down €292,212 (-63.1%), from €463,400 to €171,187
of which Land and buildings: -€298,400
- Receivables within one year -€21,523
down €21,523 (-100%), from €21,523 to €0
- Reserves +€175,848
up €175,848 (+27.7%), from €634,579 to €810,427
of which Tax-exempt reserves: +€151,200
- Other debts +€78,475
up €78,475, from €0 to €78,475
- Provisions +€50,400
up €50,400 (+28.4%), from €177,442 to €227,843
- Gross operating margin +€193,654
up €193,654 (+522%), from €37,082 to €230,735
- Depreciation -€22,123
down €22,123 (-97.0%), from €22,808 to €685
- Financial income +€8,290
up €8,290 (+122%), from €6,780 to €15,070
- Taxes +€7,445
up €7,445 (+166%), from €4,473 to €11,918
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 | €1,085,251 | €1,371,444 | +€286,193 | +26.4% |
| Fixed assets | 21/28 | €463,530 | €171,317 | -€292,212 | -63.0% |
| Tangible fixed assets | 22/27 | €463,400 | €171,187 | -€292,212 | -63.1% |
| Land and buildings | 22 | €463,400 | €165,000 | -€298,400 | -64.4% |
| Furniture and vehicles | 24 | - | €6,187 | +€6,187 | |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €621,721 | €1,200,126 | +€578,405 | +93.0% |
| Amounts receivable within one year | 40/41 | €21,523 | €0 | -€21,523 | -100% |
| Other amounts receivable | 41 | €21,523 | €0 | -€21,523 | -100% |
| Cash at bank and in hand | 54/58 | €600,198 | €1,200,126 | +€599,929 | +100.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,085,251 | €1,371,444 | +€286,193 | +26.4% |
| Equity | 10/15 | €756,451 | €932,299 | +€175,848 | +23.2% |
| Contributions | 10/11 | €62,023 | €62,023 | = | 0.0% |
| Capital | 10 | €62,023 | €62,023 | = | 0.0% |
| Issued capital | 100 | €62,023 | €62,023 | = | 0.0% |
| Reserves | 13 | €634,579 | €810,427 | +€175,848 | +27.7% |
| Non-distributable reserves | 130/1 | €6,202 | €6,202 | = | 0.0% |
| Legal reserve | 130 | €6,202 | €6,202 | = | 0.0% |
| Tax-exempt reserves | 132 | €532,327 | €683,528 | +€151,200 | +28.4% |
| Distributable reserves | 133 | €96,049 | €120,697 | +€24,648 | +25.7% |
| Profit (loss) carried forward | 14 | €59,849 | €59,849 | = | 0.0% |
| Provisions and deferred taxes | 16 | €177,442 | €227,843 | +€50,400 | +28.4% |
| Deferred taxes | 168 | €177,442 | €227,843 | +€50,400 | +28.4% |
| Amounts payable | 17/49 | €151,358 | €211,303 | +€59,945 | +39.6% |
| Amounts payable after more than one year | 17 | €120,958 | €107,826 | -€13,131 | -10.9% |
| Financial debts | 170/4 | €120,958 | €107,826 | -€13,131 | -10.9% |
| Amounts payable within one year | 42/48 | €17,295 | €103,476 | +€86,182 | +498% |
| Current portion of amounts payable after more than one year | 42 | €12,821 | €13,131 | +€310 | +2.4% |
| Taxes, remuneration and social security | 45 | €4,473 | €11,870 | +€7,397 | +165% |
| Taxes | 450/3 | €4,473 | €11,870 | +€7,397 | +165% |
| Other amounts payable | 47/48 | €0 | €78,475 | +€78,475 | |
| Accrued charges and deferred income | 492/3 | €13,105 | €0 | -€13,105 | -100% |
| Non-recurring operating income | 76A | €0 | €201,600 | +€201,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,808 | €685 | -€22,123 | -97.0% |
| Other operating charges | 640/8 | €3,987 | €3,472 | -€515 | -12.9% |
| Gross operating margin | 9900 | €37,082 | €230,735 | +€193,654 | +522% |
| Operating profit (loss) | 9901 | €10,287 | €226,578 | +€216,291 | +2,103% |
| Financial income | 75/76B | €6,780 | €15,070 | +€8,290 | +122% |
| Recurring financial income | 75 | €6,780 | €15,070 | +€8,290 | +122% |
| Financial charges | 65/66B | €3,468 | €3,482 | +€14 | +0.4% |
| Recurring financial charges | 65 | €3,468 | €3,482 | +€14 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €13,598 | €238,166 | +€224,568 | +1,651% |
| Transfer to deferred taxes | 680 | €0 | €50,400 | +€50,400 | |
| Income taxes | 67/77 | €4,473 | €11,918 | +€7,445 | +166% |
| Profit (loss) for the period | 9904 | €9,125 | €175,848 | +€166,723 | +1,827% |
| Transfer to tax-exempt reserves | 689 | €0 | €151,200 | +€151,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,125 | €24,648 | +€15,522 | +170% |
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 14 October 2026 via checked.be.