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 -€381,063
down €381,063 (-92.6%), from €411,325 to €30,261
mainly Accrued charges and deferred income (-€312,500) and Trade debts (-€71,060)
- Deferred charges and accrued income +€60,012
up €60,012 (+17,802%), from €337 to €60,349
- Receivables within one year -€11,243
down €11,243 (-25.6%), from €43,923 to €32,680
of which Other amounts receivable: -€16,833
- Accrued charges and deferred income -€312,500
no longer reported in 2025 (was €312,500)
- Trade debts -€71,060
down €71,060 (-54.1%), from €131,312 to €60,252
- Other debts +€45,175
up €45,175 (+2,343%), from €1,928 to €47,102
- Financial charges -€381
down €381 (-39.8%), from €957 to €576
- Gross operating margin -€330
down €330 (-4.3%), from €7,678 to €7,349
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 | €462,808 | €128,544 | -€334,264 | -72.2% |
| Fixed assets | 21/28 | €7,223 | €5,253 | -€1,970 | -27.3% |
| Intangible fixed assets | 21 | €7,223 | €5,253 | -€1,970 | -27.3% |
| Current assets | 29/58 | €455,585 | €123,291 | -€332,294 | -72.9% |
| Amounts receivable within one year | 40/41 | €43,923 | €32,680 | -€11,243 | -25.6% |
| Trade receivables | 40 | - | €5,591 | +€5,591 | |
| Other amounts receivable | 41 | €43,923 | €27,090 | -€16,833 | -38.3% |
| Cash at bank and in hand | 54/58 | €411,325 | €30,261 | -€381,063 | -92.6% |
| Deferred charges and accrued income | 490/1 | €337 | €60,349 | +€60,012 | +17,802% |
| Total equity and liabilities | 10/49 | €462,808 | €128,544 | -€334,264 | -72.2% |
| Equity | 10/15 | €17,068 | €21,158 | +€4,089 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €2,558 | +€2,558 | |
| Distributable reserves | 133 | - | €2,558 | +€2,558 | |
| Profit (loss) carried forward | 14 | -€1,532 | - | +€1,532 | |
| Amounts payable | 17/49 | €445,740 | €107,386 | -€338,354 | -75.9% |
| Amounts payable within one year | 42/48 | €133,240 | €107,386 | -€25,854 | -19.4% |
| Trade debts | 44 | €131,312 | €60,252 | -€71,060 | -54.1% |
| Suppliers | 440/4 | €131,312 | €60,252 | -€71,060 | -54.1% |
| Taxes, remuneration and social security | 45 | - | €32 | +€32 | |
| Taxes | 450/3 | - | €32 | +€32 | |
| Other amounts payable | 47/48 | €1,928 | €47,102 | +€45,175 | +2,343% |
| Accrued charges and deferred income | 492/3 | €312,500 | - | -€312,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,970 | €1,970 | = | 0.0% |
| Other operating charges | 640/8 | €722 | €682 | -€41 | -5.6% |
| Gross operating margin | 9900 | €7,678 | €7,349 | -€330 | -4.3% |
| Operating profit (loss) | 9901 | €4,986 | €4,697 | -€289 | -5.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €957 | €576 | -€381 | -39.8% |
| Recurring financial charges | 65 | €957 | €576 | -€381 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €4,029 | €4,121 | +€92 | +2.3% |
| Income taxes | 67/77 | - | €32 | +€32 | |
| Profit (loss) for the period | 9904 | €4,029 | €4,089 | +€60 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,029 | €4,089 | +€60 | +1.5% |
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 14 October 2026 via checked.be.