Cartojet: 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.
Cartojet
Largest movements
- Stocks and contracts -€167,844
down €167,844 (-47.5%), from €353,500 to €185,656
- Cash -€159,783
down €159,783 (-68.1%), from €234,544 to €74,761
mainly Net result for the year (-€202,719) and Other debts (-€78,224)
- Reserves -€104,910
down €104,910 (-100%), from €104,910 to €0
of which Distributable reserves: -€104,910
- Profit (loss) carried forward -€97,809
down €97,809, from €0 to -€97,809
- Other debts -€78,224
down €78,224 (-78.2%), from €100,000 to €21,776
- Trade debts -€25,751
down €25,751 (-9.1%), from €284,457 to €258,706
- Debts after one year +€14,350
up €14,350, from €0 to €14,350
- Gross operating margin -€398,508
down €398,508 (-76.4%), from €521,826 to €123,317
- Taxes -€45,188
down €45,188 (-100%), from €45,188 to €0
- Depreciation -€25,635
down €25,635 (-47.4%), from €54,057 to €28,422
- Financial charges -€13,007
down €13,007 (-37.4%), from €34,777 to €21,770
- Staff costs +€12,600
up €12,600 (+4.8%), from €264,835 to €277,435
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 | €662,253 | €339,853 | -€322,400 | -48.7% |
| Fixed assets | 21/28 | €41,548 | €42,182 | +€634 | +1.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €41,548 | €42,182 | +€634 | +1.5% |
| Land and buildings | 22 | €2,086 | €72 | -€2,014 | -96.6% |
| Plant, machinery and equipment | 23 | €38,782 | €32,145 | -€6,637 | -17.1% |
| Furniture and vehicles | 24 | €680 | €9,965 | +€9,285 | +1,365% |
| Current assets | 29/58 | €620,704 | €297,670 | -€323,034 | -52.0% |
| Stocks and contracts in progress | 3 | €353,500 | €185,656 | -€167,844 | -47.5% |
| Stocks | 30/36 | €353,500 | €185,656 | -€167,844 | -47.5% |
| Amounts receivable within one year | 40/41 | €32,660 | €37,253 | +€4,593 | +14.1% |
| Trade receivables | 40 | €25,324 | €28,863 | +€3,539 | +14.0% |
| Other amounts receivable | 41 | €7,336 | €8,390 | +€1,054 | +14.4% |
| Cash at bank and in hand | 54/58 | €234,544 | €74,761 | -€159,783 | -68.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €662,253 | €339,853 | -€322,400 | -48.7% |
| Equity | 10/15 | €204,910 | €2,191 | -€202,719 | -98.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €104,910 | €0 | -€104,910 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €104,910 | €0 | -€104,910 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€97,809 | -€97,809 | |
| Provisions and deferred taxes | 16 | €5,660 | €0 | -€5,660 | -100% |
| Provisions for liabilities and charges | 160/5 | €5,660 | €0 | -€5,660 | -100% |
| Other liabilities and charges | 164/5 | €5,660 | €0 | -€5,660 | -100% |
| Amounts payable | 17/49 | €451,683 | €337,662 | -€114,022 | -25.2% |
| Amounts payable after more than one year | 17 | €0 | €14,350 | +€14,350 | |
| Financial debts | 170/4 | €0 | €14,350 | +€14,350 | |
| Amounts payable within one year | 42/48 | €451,683 | €323,302 | -€128,381 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €7,072 | -€10,928 | -60.7% |
| Trade debts | 44 | €284,457 | €258,706 | -€25,751 | -9.1% |
| Suppliers | 440/4 | €284,457 | €258,706 | -€25,751 | -9.1% |
| Taxes, remuneration and social security | 45 | €49,226 | €35,748 | -€13,478 | -27.4% |
| Taxes | 450/3 | €24,446 | €6,933 | -€17,513 | -71.6% |
| Remuneration and social security | 454/9 | €24,780 | €28,815 | +€4,035 | +16.3% |
| Other amounts payable | 47/48 | €100,000 | €21,776 | -€78,224 | -78.2% |
| Accrued charges and deferred income | 492/3 | €0 | €9 | +€9 | |
| Non-recurring operating income | 76A | €0 | €5,660 | +€5,660 | |
| Remuneration, social security and pensions | 62 | €264,835 | €277,435 | +€12,600 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,057 | €28,422 | -€25,635 | -47.4% |
| Other operating charges | 640/8 | €2,948 | €10,782 | +€7,833 | +266% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €521,826 | €123,317 | -€398,508 | -76.4% |
| Operating profit (loss) | 9901 | €199,986 | -€193,321 | -€393,307 | |
| Financial income | 75/76B | €1,583 | €12,372 | +€10,790 | +682% |
| Recurring financial income | 75 | €1,583 | €12,372 | +€10,790 | +682% |
| Financial charges | 65/66B | €34,777 | €21,770 | -€13,007 | -37.4% |
| Recurring financial charges | 65 | €34,777 | €21,770 | -€13,007 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €166,791 | -€202,719 | -€369,510 | |
| Income taxes | 67/77 | €45,188 | €0 | -€45,188 | -100% |
| Profit (loss) for the period | 9904 | €121,603 | -€202,719 | -€324,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €121,603 | -€202,719 | -€324,322 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.