CARTRANS: 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.
CARTRANS
Largest movements
- Receivables within one year +€59,575
up €59,575 (+950%), from €6,270 to €65,845
of which Trade receivables: +€59,038
- Tangible fixed assets +€40,216
up €40,216 (+66.5%), from €60,468 to €100,684
of which Furniture and vehicles: +€21,287
- Cash -€13,032
down €13,032 (-41.0%), from €31,753 to €18,721
mainly Investment in fixed assets (net) (-€62,940) and Receivables within one year (-€59,575)
- Reserves +€58,187
up €58,187 (+71.0%), from €81,912 to €140,098
- Tax, wage and social debts +€18,422
up €18,422 (+981%), from €1,878 to €20,299
- Contributions +€10,000
up €10,000 (+101%), from €9,916 to €19,916
- Advances received -€3,400
down €3,400 (-100%), from €3,400 to €0
- Trade debts +€3,381
up €3,381 (+104%), from €3,265 to €6,647
- Gross operating margin +€75,914
up €75,914 (+253%), from €29,960 to €105,874
- Taxes +€21,424
up €21,424, from €0 to €21,424
- Depreciation -€3,746
down €3,746 (-14.2%), from €26,471 to €22,725
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 | €105,609 | €193,840 | +€88,231 | +83.5% |
| Fixed assets | 21/28 | €60,468 | €100,684 | +€40,216 | +66.5% |
| Tangible fixed assets | 22/27 | €60,468 | €100,684 | +€40,216 | +66.5% |
| Land and buildings | 22 | €7,700 | €7,005 | -€695 | -9.0% |
| Plant, machinery and equipment | 23 | €31,490 | €51,113 | +€19,623 | +62.3% |
| Furniture and vehicles | 24 | €21,278 | €42,565 | +€21,287 | +100% |
| Current assets | 29/58 | €45,141 | €93,156 | +€48,015 | +106% |
| Stocks and contracts in progress | 3 | €2,200 | €2,200 | = | 0.0% |
| Stocks | 30/36 | €2,200 | €2,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,270 | €65,845 | +€59,575 | +950% |
| Trade receivables | 40 | €6,223 | €65,261 | +€59,038 | +949% |
| Other amounts receivable | 41 | €47 | €584 | +€537 | +1,154% |
| Cash at bank and in hand | 54/58 | €31,753 | €18,721 | -€13,032 | -41.0% |
| Deferred charges and accrued income | 490/1 | €4,918 | €6,390 | +€1,472 | +29.9% |
| Total equity and liabilities | 10/49 | €105,609 | €193,840 | +€88,231 | +83.5% |
| Equity | 10/15 | €91,828 | €160,014 | +€68,187 | +74.3% |
| Contributions | 10/11 | €9,916 | €19,916 | +€10,000 | +101% |
| Reserves | 13 | €81,912 | €140,098 | +€58,187 | +71.0% |
| Distributable reserves | 133 | €81,912 | €140,098 | +€58,187 | +71.0% |
| Amounts payable | 17/49 | €13,782 | €33,826 | +€20,044 | +145% |
| Amounts payable within one year | 42/48 | €13,782 | €33,826 | +€20,044 | +145% |
| Trade debts | 44 | €3,265 | €6,647 | +€3,381 | +104% |
| Suppliers | 440/4 | €3,265 | €6,647 | +€3,381 | +104% |
| Advances received on contracts in progress | 46 | €3,400 | €0 | -€3,400 | -100% |
| Taxes, remuneration and social security | 45 | €1,878 | €20,299 | +€18,422 | +981% |
| Taxes | 450/3 | €1,878 | €20,299 | +€18,422 | +981% |
| Other amounts payable | 47/48 | €5,239 | €6,880 | +€1,641 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,471 | €22,725 | -€3,746 | -14.2% |
| Other operating charges | 640/8 | €2,838 | €3,053 | +€215 | +7.6% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100% |
| Gross operating margin | 9900 | €29,960 | €105,874 | +€75,914 | +253% |
| Operating profit (loss) | 9901 | €651 | €80,097 | +€79,445 | +12,196% |
| Financial income | 75/76B | €29 | €30 | +€1 | +4.2% |
| Recurring financial income | 75 | €29 | €30 | +€1 | +4.2% |
| Financial charges | 65/66B | €366 | €516 | +€150 | +41.0% |
| Recurring financial charges | 65 | €366 | €516 | +€150 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €314 | €79,610 | +€79,296 | +25,265% |
| Income taxes | 67/77 | €0 | €21,424 | +€21,424 | |
| Profit (loss) for the period | 9904 | €314 | €58,187 | +€57,873 | +18,439% |
| Profit (loss) for the period to be appropriated | 9905 | €314 | €58,187 | +€57,873 | +18,439% |
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 17 October 2026 via checked.be.