CARTRI: what changed
Two fiscal 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.
What changed
CARTRI
NACE 46.832, Wholesale of timber
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €908,478+€121,547
Equity
€4.0m
2024 · €4.0m
Cash
€39,856
2024 · €900+€38,955
Balance sheet total
€7.5m
2024 · €7.3m+€186,523
Largest movements
Assets
- Receivables within one year +€706,162
up €706,162 (+146.8%), from €480,888 to €1.2m
of which Trade receivables: +€718,895
- Tangible fixed assets -€357,007
down €357,007 (-11.9%), from €3.0m to €2.6m
of which Land and buildings: -€303,366
- Stocks and contracts -€201,273
down €201,273 (-5.2%), from €3.8m to €3.6m
Equity and liabilities
- Tax, wage and social debts +€154,478
up €154,478 (+50.8%), from €303,884 to €458,362
of which Taxes: +€156,829
- Trade debts +€99,349
up €99,349 (+77.8%), from €127,667 to €227,017
Income statement
- Goods and materials +€505,121
up €505,121 (+5.4%), from €9.4m to €9.9m
of which Change in stocks: decrease (increase): +€705,795
- Turnover +€386,797
up €386,797 (+3.0%), from €13.1m to €13.5m
- Depreciation -€186,143
down €186,143 (-32.2%), from €577,475 to €391,332
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.
Result 2024
€908,478
Turnover
+€386,797
Other operating income
-€70,886
Goods and materials
-€505,121
Services and other goods
+€105,348
Staff costs
+€51,661
Depreciation
+€186,143
Write-downs
+€3,946
Other operating charges
-€6,064
Other operating items
-€670
Financial income
+€11,191
Financial charges
-€14,469
Taxes
-€26,329
Result 2025
€1.0m
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.
From operations
+€1.1m
Investment
-€34,325
Financing
-€1.1m
Cash 2024
€900
From operations (derived)
+€1.1m
Net result for the year
+€1.0m
Depreciation
+€391,332
Stocks and contracts
+€201,273
Receivables within one year
-€706,162
Deferred charges and accrued income
+€314
Trade debts
+€99,349
Tax, wage and social debts
+€154,478
Other debts
-€54,038
Accrued charges and deferred income
+€11,733
Investment (derived)
-€34,325
Investment in fixed assets (net)
-€34,325
Financing
-€1.1m
Current portion of long-term debt
-€24,999
Contributions, distributions and other
-€1.0m
Cash 2025
€39,856
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,330,306 | €7,516,829 | +€186,523 | +2.5% |
| Fixed assets | 21/28 | €2,998,946 | €2,641,939 | -€357,007 | -11.9% |
| Tangible fixed assets | 22/27 | €2,996,141 | €2,639,134 | -€357,007 | -11.9% |
| Land and buildings | 22 | €2,853,485 | €2,550,119 | -€303,366 | -10.6% |
| Plant, machinery and equipment | 23 | €22,050 | €1,251 | -€20,799 | -94.3% |
| Furniture and vehicles | 24 | €120,606 | €87,764 | -€32,842 | -27.2% |
| Financial fixed assets | 28 | €2,805 | €2,805 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,805 | €2,805 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,805 | €2,805 | = | 0.0% |
| Current assets | 29/58 | €4,331,360 | €4,874,890 | +€543,530 | +12.5% |
| Stocks and contracts in progress | 3 | €3,845,126 | €3,643,853 | -€201,273 | -5.2% |
| Stocks | 30/36 | €3,845,126 | €3,643,853 | -€201,273 | -5.2% |
| Goods purchased for resale | 34 | €3,845,126 | €3,643,853 | -€201,273 | -5.2% |
| Amounts receivable within one year | 40/41 | €480,888 | €1,187,050 | +€706,162 | +146.8% |
| Trade receivables | 40 | €468,156 | €1,187,050 | +€718,895 | +153.6% |
| Other amounts receivable | 41 | €12,733 | €0 | -€12,733 | -100.0% |
| Cash at bank and in hand | 54/58 | €900 | €39,856 | +€38,955 | +4326.6% |
| Deferred charges and accrued income | 490/1 | €4,445 | €4,131 | -€314 | -7.1% |
| Total equity and liabilities | 10/49 | €7,330,306 | €7,516,829 | +€186,523 | +2.5% |
| Equity | 10/15 | €4,000,000 | €4,000,000 | = | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,981,408 | €3,981,408 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,258 | €50,258 | = | 0.0% |
| Distributable reserves | 133 | €3,931,150 | €3,931,150 | = | 0.0% |
| Amounts payable | 17/49 | €3,330,306 | €3,516,829 | +€186,523 | +5.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,326,599 | €3,501,389 | +€174,790 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €24,999 | €0 | -€24,999 | -100.0% |
| Trade debts | 44 | €127,667 | €227,017 | +€99,349 | +77.8% |
| Suppliers | 440/4 | €127,667 | €227,017 | +€99,349 | +77.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €303,884 | €458,362 | +€154,478 | +50.8% |
| Taxes | 450/3 | €247,774 | €404,603 | +€156,829 | +63.3% |
| Remuneration and social security | 454/9 | €56,110 | €53,760 | -€2,351 | -4.2% |
| Other amounts payable | 47/48 | €2,870,048 | €2,816,010 | -€54,038 | -1.9% |
| Accrued charges and deferred income | 492/3 | €3,706 | €15,440 | +€11,733 | +316.6% |
| Operating income | 70/76A | €13,257,262 | €13,567,371 | +€310,108 | +2.3% |
| Turnover | 70 | €13,076,201 | €13,462,997 | +€386,797 | +3.0% |
| Other operating income | 74 | €175,041 | €104,155 | -€70,886 | -40.5% |
| Non-recurring operating income | 76A | €6,021 | €219 | -€5,802 | -96.4% |
| Operating charges | 60/66A | €11,937,088 | €12,096,042 | +€158,954 | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €9,357,663 | €9,862,784 | +€505,121 | +5.4% |
| Purchases | 600/8 | €9,862,185 | €9,661,511 | -€200,674 | -2.0% |
| Change in stocks: decrease (increase) | 609 | -€504,522 | €201,273 | +€705,795 | |
| Services and other goods | 61 | €1,257,930 | €1,152,582 | -€105,348 | -8.4% |
| Remuneration, social security and pensions | 62 | €671,353 | €619,692 | -€51,661 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577,475 | €391,332 | -€186,143 | -32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,946 | -€3,946 | |
| Other operating charges | 640/8 | €67,387 | €73,452 | +€6,064 | +9.0% |
| Non-recurring operating charges | 66A | €5,279 | €147 | -€5,132 | -97.2% |
| Operating profit (loss) | 9901 | €1,320,175 | €1,471,329 | +€151,154 | +11.4% |
| Financial income | 75/76B | €90,522 | €101,713 | +€11,191 | +12.4% |
| Recurring financial income | 75 | €90,522 | €101,713 | +€11,191 | +12.4% |
| Other financial income | 752/9 | €90,522 | €101,713 | +€11,191 | +12.4% |
| Financial charges | 65/66B | €182,051 | €196,520 | +€14,469 | +7.9% |
| Recurring financial charges | 65 | €182,051 | €196,520 | +€14,469 | +7.9% |
| Debt charges | 650 | €3,430 | €15,508 | +€12,078 | +352.1% |
| Other financial charges | 652/9 | €178,621 | €181,011 | +€2,391 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €1,228,646 | €1,376,522 | +€147,876 | +12.0% |
| Income taxes | 67/77 | €320,167 | €346,496 | +€26,329 | +8.2% |
| Taxes | 670/3 | €320,167 | €346,496 | +€26,329 | +8.2% |
| Profit (loss) for the period | 9904 | €908,478 | €1,030,026 | +€121,547 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €908,478 | €1,030,026 | +€121,547 | +13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.