CARTIST: 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.
CARTIST
Largest movements
- Cash +€43,151
up €43,151 (+731%), from €5,907 to €49,058
mainly Debts after one year (+€65,821) and Net result for the year (+€41,688)
- Stocks and contracts +€23,031
up €23,031 (+38.4%), from €60,030 to €83,061
- Tangible fixed assets +€10,646
up €10,646 (+51.3%), from €20,737 to €31,383
of which Plant, machinery and equipment: +€6,704
- Receivables within one year +€4,089
up €4,089 (+4.5%), from €90,765 to €94,853
of which Other amounts receivable: +€13,453
- Deferred charges and accrued income -€2,628
down €2,628 (-48.4%), from €5,427 to €2,799
- Debts after one year +€65,821
new in 2024: €65,821
- Profit (loss) carried forward +€27,938
no longer reported in 2024 (was -€27,938)
- Trade debts -€19,461
down €19,461 (-15.6%), from €125,007 to €105,546
- Reserves +€13,750
new in 2024: €13,750
- Short-term financial debts -€9,434
down €9,434 (-31.2%), from €30,220 to €20,786
- Gross operating margin +€28,944
up €28,944 (+36.2%), from €79,941 to €108,885
- Taxes +€12,153
up €12,153 (+678%), from €1,792 to €13,945
- Staff costs +€2,862
up €2,862 (+9.6%), from €29,901 to €32,763
- Depreciation +€2,324
up €2,324 (+38.8%), from €5,995 to €8,319
- Other operating charges +€1,727
up €1,727 (+41.4%), from €4,170 to €5,897
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,866 | €261,154 | +€78,288 | +42.8% |
| Fixed assets | 21/28 | €20,737 | €31,383 | +€10,646 | +51.3% |
| Tangible fixed assets | 22/27 | €20,737 | €31,383 | +€10,646 | +51.3% |
| Plant, machinery and equipment | 23 | €19,323 | €26,027 | +€6,704 | +34.7% |
| Furniture and vehicles | 24 | €1,414 | €5,356 | +€3,942 | +279% |
| Current assets | 29/58 | €162,129 | €229,771 | +€67,643 | +41.7% |
| Stocks and contracts in progress | 3 | €60,030 | €83,061 | +€23,031 | +38.4% |
| Stocks | 30/36 | €60,030 | €83,061 | +€23,031 | +38.4% |
| Amounts receivable within one year | 40/41 | €90,765 | €94,853 | +€4,089 | +4.5% |
| Trade receivables | 40 | €62,308 | €52,944 | -€9,364 | -15.0% |
| Other amounts receivable | 41 | €28,457 | €41,910 | +€13,453 | +47.3% |
| Cash at bank and in hand | 54/58 | €5,907 | €49,058 | +€43,151 | +731% |
| Deferred charges and accrued income | 490/1 | €5,427 | €2,799 | -€2,628 | -48.4% |
| Total equity and liabilities | 10/49 | €182,866 | €261,154 | +€78,288 | +42.8% |
| Equity | 10/15 | €2,062 | €43,750 | +€41,688 | +2,022% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €13,750 | +€13,750 | |
| Distributable reserves | 133 | - | €13,750 | +€13,750 | |
| Profit (loss) carried forward | 14 | -€27,938 | - | +€27,938 | |
| Amounts payable | 17/49 | €180,805 | €217,404 | +€36,600 | +20.2% |
| Amounts payable after more than one year | 17 | - | €65,821 | +€65,821 | |
| Financial debts | 170/4 | - | €65,821 | +€65,821 | |
| Amounts payable within one year | 42/48 | €179,697 | €150,908 | -€28,789 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €7,100 | - | -€7,100 | |
| Financial debts | 43 | €30,220 | €20,786 | -€9,434 | -31.2% |
| Credit institutions | 430/8 | €30,220 | €20,786 | -€9,434 | -31.2% |
| Trade debts | 44 | €125,007 | €105,546 | -€19,461 | -15.6% |
| Suppliers | 440/4 | €125,007 | €105,546 | -€19,461 | -15.6% |
| Taxes, remuneration and social security | 45 | €17,371 | €24,576 | +€7,206 | +41.5% |
| Taxes | 450/3 | €11,725 | €19,932 | +€8,207 | +70.0% |
| Remuneration and social security | 454/9 | €5,646 | €4,644 | -€1,002 | -17.7% |
| Accrued charges and deferred income | 492/3 | €1,107 | €675 | -€432 | -39.1% |
| Non-recurring operating income | 76A | €556 | - | -€556 | |
| Remuneration, social security and pensions | 62 | €29,901 | €32,763 | +€2,862 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,995 | €8,319 | +€2,324 | +38.8% |
| Other operating charges | 640/8 | €4,170 | €5,897 | +€1,727 | +41.4% |
| Gross operating margin | 9900 | €79,941 | €108,885 | +€28,944 | +36.2% |
| Operating profit (loss) | 9901 | €39,875 | €61,906 | +€22,031 | +55.2% |
| Financial income | 75/76B | €1,150 | €2,714 | +€1,564 | +136% |
| Recurring financial income | 75 | €1,150 | €2,714 | +€1,564 | +136% |
| Financial charges | 65/66B | €8,842 | €8,987 | +€145 | +1.6% |
| Recurring financial charges | 65 | €8,842 | €8,987 | +€145 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €32,183 | €55,633 | +€23,450 | +72.9% |
| Income taxes | 67/77 | €1,792 | €13,945 | +€12,153 | +678% |
| Profit (loss) for the period | 9904 | €30,391 | €41,688 | +€11,297 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,391 | €41,688 | +€11,297 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.