CARTO: 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.
CARTO
Largest movements
- Tangible fixed assets +€1,157
up €1,157 (+639%), from €181 to €1,338
- Cash -€1,133
down €1,133 (-8.5%), from €13,314 to €12,181
mainly Trade debts (-€2,048) and Other debts (-€1,846)
- Receivables within one year +€225
new in 2025: €225
- Profit (loss) carried forward +€3,755
no longer reported in 2025 (was -€3,755)
- Trade debts -€2,048
down €2,048 (-87.2%), from €2,348 to €300
- Other debts -€1,846
down €1,846 (-19.7%), from €9,356 to €7,510
- Reserves +€226
new in 2025: €226
- Tax, wage and social debts +€173
up €173 (+47.8%), from €362 to €535
- Gross operating margin +€5,083
up €5,083 (+213%), from €2,392 to €7,475
- Financial charges -€987
down €987 (-27.1%), from €3,644 to €2,657
- Depreciation -€652
down €652 (-77.6%), from €840 to €188
- Other operating charges -€149
down €149 (-17.8%), from €836 to €687
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 | €14,511 | €14,771 | +€260 | +1.8% |
| Fixed assets | 21/28 | €181 | €1,338 | +€1,157 | +639% |
| Tangible fixed assets | 22/27 | €181 | €1,338 | +€1,157 | +639% |
| Furniture and vehicles | 24 | €181 | €1,338 | +€1,157 | +639% |
| Current assets | 29/58 | €14,330 | €13,433 | -€897 | -6.3% |
| Amounts receivable within one year | 40/41 | - | €225 | +€225 | |
| Trade receivables | 40 | - | €225 | +€225 | |
| Cash at bank and in hand | 54/58 | €13,314 | €12,181 | -€1,133 | -8.5% |
| Deferred charges and accrued income | 490/1 | €1,016 | €1,027 | +€11 | +1.1% |
| Total equity and liabilities | 10/49 | €14,511 | €14,771 | +€260 | +1.8% |
| Equity | 10/15 | €2,445 | €6,426 | +€3,981 | +163% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €226 | +€226 | |
| Distributable reserves | 133 | - | €226 | +€226 | |
| Profit (loss) carried forward | 14 | -€3,755 | - | +€3,755 | |
| Amounts payable | 17/49 | €12,066 | €8,345 | -€3,721 | -30.8% |
| Amounts payable within one year | 42/48 | €12,066 | €8,345 | -€3,721 | -30.8% |
| Trade debts | 44 | €2,348 | €300 | -€2,048 | -87.2% |
| Suppliers | 440/4 | €2,348 | €300 | -€2,048 | -87.2% |
| Taxes, remuneration and social security | 45 | €362 | €535 | +€173 | +47.8% |
| Taxes | 450/3 | €362 | €535 | +€173 | +47.8% |
| Other amounts payable | 47/48 | €9,356 | €7,510 | -€1,846 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840 | €188 | -€652 | -77.6% |
| Other operating charges | 640/8 | €836 | €687 | -€149 | -17.8% |
| Gross operating margin | 9900 | €2,392 | €7,475 | +€5,083 | +213% |
| Operating profit (loss) | 9901 | €716 | €6,600 | +€5,884 | +822% |
| Financial income | 75/76B | €20 | €63 | +€43 | +215% |
| Recurring financial income | 75 | €20 | €63 | +€43 | +215% |
| Financial charges | 65/66B | €3,644 | €2,657 | -€987 | -27.1% |
| Recurring financial charges | 65 | €3,644 | €2,657 | -€987 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,908 | €4,006 | +€6,914 | |
| Income taxes | 67/77 | - | €25 | +€25 | |
| Profit (loss) for the period | 9904 | -€2,908 | €3,981 | +€6,889 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,908 | €3,981 | +€6,889 |
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 13 October 2026 via checked.be.