Cartouche: 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.
Cartouche
Largest movements
- Cash +€7,567
up €7,567 (+36.9%), from €20,528 to €28,096
mainly Net result for the year (+€5,409) and Depreciation (+€2,418)
- Tangible fixed assets -€2,418
down €2,418 (-8.1%), from €29,903 to €27,485
- Reserves +€5,409
up €5,409 (+20.5%), from €26,445 to €31,853
- Trade debts -€1,452
no longer reported in 2025 (was €1,452)
- Tax, wage and social debts +€1,193
up €1,193 (+78.8%), from €1,514 to €2,707
- Depreciation -€3,437
down €3,437 (-58.7%), from €5,855 to €2,418
- Taxes +€1,193
up €1,193 (+78.8%), from €1,514 to €2,707
- Gross operating margin +€386
up €386 (+3.2%), from €12,111 to €12,497
- Other operating charges +€195
up €195 (+11.4%), from €1,711 to €1,906
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.
Cash bridge derived
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 | €50,432 | €55,581 | +€5,149 | +10.2% |
| Fixed assets | 21/28 | €29,903 | €27,485 | -€2,418 | -8.1% |
| Tangible fixed assets | 22/27 | €29,903 | €27,485 | -€2,418 | -8.1% |
| Land and buildings | 22 | €29,903 | €27,485 | -€2,418 | -8.1% |
| Current assets | 29/58 | €20,528 | €28,096 | +€7,567 | +36.9% |
| Cash at bank and in hand | 54/58 | €20,528 | €28,096 | +€7,567 | +36.9% |
| Total equity and liabilities | 10/49 | €50,432 | €55,581 | +€5,149 | +10.2% |
| Equity | 10/15 | €32,642 | €38,051 | +€5,409 | +16.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €26,445 | €31,853 | +€5,409 | +20.5% |
| Distributable reserves | 133 | €26,445 | €31,853 | +€5,409 | +20.5% |
| Amounts payable | 17/49 | €17,790 | €17,530 | -€259 | -1.5% |
| Amounts payable within one year | 42/48 | €17,790 | €17,530 | -€259 | -1.5% |
| Trade debts | 44 | €1,452 | - | -€1,452 | |
| Suppliers | 440/4 | €1,452 | - | -€1,452 | |
| Taxes, remuneration and social security | 45 | €1,514 | €2,707 | +€1,193 | +78.8% |
| Taxes | 450/3 | €1,514 | €2,707 | +€1,193 | +78.8% |
| Other amounts payable | 47/48 | €14,824 | €14,824 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,855 | €2,418 | -€3,437 | -58.7% |
| Other operating charges | 640/8 | €1,711 | €1,906 | +€195 | +11.4% |
| Gross operating margin | 9900 | €12,111 | €12,497 | +€386 | +3.2% |
| Operating profit (loss) | 9901 | €4,545 | €8,173 | +€3,628 | +79.8% |
| Financial charges | 65/66B | €74 | €58 | -€16 | -21.8% |
| Recurring financial charges | 65 | €74 | €58 | -€16 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €4,471 | €8,115 | +€3,644 | +81.5% |
| Income taxes | 67/77 | €1,514 | €2,707 | +€1,193 | +78.8% |
| Profit (loss) for the period | 9904 | €2,957 | €5,409 | +€2,452 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,957 | €5,409 | +€2,452 | +82.9% |
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 12 October 2026 via checked.be.