CARTOPACK: 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.
CARTOPACK
Largest movements
- Current investments +€85,000
up €85,000 (+28.3%), from €300,000 to €385,000
- Tangible fixed assets -€58,589
down €58,589 (-5.5%), from €1.1m to €1.0m
- Reserves +€35,000
up €35,000 (+7.4%), from €473,370 to €508,370
of which Distributable reserves: +€35,000
- Tax, wage and social debts -€24,708
down €24,708 (-97.2%), from €25,410 to €703
- Gross operating margin +€7,286
up €7,286 (+6.6%), from €109,686 to €116,972
- Financial income -€3,257
down €3,257 (-33.6%), from €9,699 to €6,442
- Depreciation +€3,097
up €3,097 (+5.6%), from €55,492 to €58,589
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 | €1,467,248 | €1,484,601 | +€17,353 | +1.2% |
| Fixed assets | 21/28 | €1,072,987 | €1,014,398 | -€58,589 | -5.5% |
| Tangible fixed assets | 22/27 | €1,072,987 | €1,014,398 | -€58,589 | -5.5% |
| Land and buildings | 22 | €1,072,987 | €1,014,398 | -€58,589 | -5.5% |
| Current assets | 29/58 | €394,261 | €470,203 | +€75,942 | +19.3% |
| Amounts receivable within one year | 40/41 | €17,854 | €24,238 | +€6,384 | +35.8% |
| Trade receivables | 40 | €6,262 | €2,024 | -€4,238 | -67.7% |
| Other amounts receivable | 41 | €11,592 | €22,214 | +€10,622 | +91.6% |
| Current investments | 50/53 | €300,000 | €385,000 | +€85,000 | +28.3% |
| Cash at bank and in hand | 54/58 | €74,709 | €59,972 | -€14,737 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,698 | €993 | -€704 | -41.5% |
| Total equity and liabilities | 10/49 | €1,467,248 | €1,484,601 | +€17,353 | +1.2% |
| Equity | 10/15 | €1,085,525 | €1,123,430 | +€37,905 | +3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €473,370 | €508,370 | +€35,000 | +7.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,170 | €27,170 | = | 0.0% |
| Distributable reserves | 133 | €440,000 | €475,000 | +€35,000 | +8.0% |
| Profit (loss) carried forward | 14 | €155 | €3,060 | +€2,905 | +1,875% |
| Amounts payable | 17/49 | €381,723 | €361,172 | -€20,552 | -5.4% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,714 | €7,717 | -€20,997 | -73.1% |
| Trade debts | 44 | €3,304 | €4,177 | +€873 | +26.4% |
| Suppliers | 440/4 | €3,304 | €4,177 | +€873 | +26.4% |
| Taxes, remuneration and social security | 45 | €25,410 | €703 | -€24,708 | -97.2% |
| Taxes | 450/3 | €25,410 | €703 | -€24,708 | -97.2% |
| Other amounts payable | 47/48 | - | €2,838 | +€2,838 | |
| Accrued charges and deferred income | 492/3 | €3,009 | €3,454 | +€445 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,492 | €58,589 | +€3,097 | +5.6% |
| Other operating charges | 640/8 | €13,569 | €13,986 | +€417 | +3.1% |
| Gross operating margin | 9900 | €109,686 | €116,972 | +€7,286 | +6.6% |
| Operating profit (loss) | 9901 | €40,625 | €44,397 | +€3,772 | +9.3% |
| Financial income | 75/76B | €9,699 | €6,442 | -€3,257 | -33.6% |
| Recurring financial income | 75 | €9,699 | €6,442 | -€3,257 | -33.6% |
| Financial charges | 65/66B | €292 | €300 | +€8 | +2.9% |
| Recurring financial charges | 65 | €292 | €300 | +€8 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €50,032 | €50,540 | +€507 | +1.0% |
| Income taxes | 67/77 | €12,508 | €12,635 | +€127 | +1.0% |
| Profit (loss) for the period | 9904 | €37,524 | €37,905 | +€380 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,524 | €37,905 | +€380 | +1.0% |
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 16 October 2026 via checked.be.