CARTRONICS: 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.
CARTRONICS
Largest movements
- Receivables within one year -€131,829
down €131,829 (-28.4%), from €463,464 to €331,635
of which Trade receivables: -€114,458
- Stocks and contracts -€101,276
down €101,276 (-27.6%), from €367,475 to €266,199
- Cash +€58,945
up €58,945 (+19.1%), from €308,719 to €367,664
mainly Receivables within one year (+€131,829) and Stocks and contracts (+€101,276)
- Tangible fixed assets -€32,955
down €32,955 (-36.8%), from €89,654 to €56,699
of which Furniture and vehicles: -€22,966
- Trade debts -€188,105
down €188,105 (-55.7%), from €337,494 to €149,389
- Profit (loss) carried forward -€59,177
down €59,177 (-8.6%), from €685,902 to €626,725
- Other debts +€50,000
new in 2025: €50,000
- Staff costs -€58,463
down €58,463 (-7.0%), from €838,570 to €780,107
- Gross operating margin -€49,385
down €49,385 (-5.5%), from €902,847 to €853,462
- Other operating charges -€26,425
down €26,425 (-41.9%), from €63,023 to €36,598
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 | €1,246,060 | €1,032,777 | -€213,283 | -17.1% |
| Fixed assets | 21/28 | €92,919 | €57,785 | -€35,134 | -37.8% |
| Intangible fixed assets | 21 | €3,265 | €1,086 | -€2,179 | -66.7% |
| Tangible fixed assets | 22/27 | €89,654 | €56,699 | -€32,955 | -36.8% |
| Plant, machinery and equipment | 23 | €101 | €32 | -€69 | -68.4% |
| Furniture and vehicles | 24 | €67,005 | €44,039 | -€22,966 | -34.3% |
| Other tangible fixed assets | 26 | €22,548 | €12,628 | -€9,920 | -44.0% |
| Current assets | 29/58 | €1,153,141 | €974,992 | -€178,149 | -15.4% |
| Stocks and contracts in progress | 3 | €367,475 | €266,199 | -€101,276 | -27.6% |
| Stocks | 30/36 | €367,475 | €266,199 | -€101,276 | -27.6% |
| Amounts receivable within one year | 40/41 | €463,464 | €331,635 | -€131,829 | -28.4% |
| Trade receivables | 40 | €443,626 | €329,168 | -€114,458 | -25.8% |
| Other amounts receivable | 41 | €19,838 | €2,467 | -€17,371 | -87.6% |
| Cash at bank and in hand | 54/58 | €308,719 | €367,664 | +€58,945 | +19.1% |
| Deferred charges and accrued income | 490/1 | €13,482 | €9,493 | -€3,989 | -29.6% |
| Total equity and liabilities | 10/49 | €1,246,060 | €1,032,777 | -€213,283 | -17.1% |
| Equity | 10/15 | €754,115 | €694,937 | -€59,177 | -7.8% |
| Contributions | 10/11 | €62,011 | €62,011 | = | 0.0% |
| Capital | 10 | €62,011 | €62,011 | = | 0.0% |
| Issued capital | 100 | €62,011 | €62,011 | = | 0.0% |
| Reserves | 13 | €6,201 | €6,201 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,201 | €6,201 | = | 0.0% |
| Legal reserve | 130 | €6,201 | €6,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €685,902 | €626,725 | -€59,177 | -8.6% |
| Amounts payable | 17/49 | €491,945 | €337,839 | -€154,106 | -31.3% |
| Amounts payable within one year | 42/48 | €484,445 | €337,839 | -€146,606 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €46,316 | €42,813 | -€3,503 | -7.6% |
| Trade debts | 44 | €337,494 | €149,389 | -€188,105 | -55.7% |
| Suppliers | 440/4 | €337,494 | €149,389 | -€188,105 | -55.7% |
| Taxes, remuneration and social security | 45 | €100,635 | €95,637 | -€4,998 | -5.0% |
| Taxes | 450/3 | €1,123 | €1,169 | +€45 | +4.0% |
| Remuneration and social security | 454/9 | €99,512 | €94,469 | -€5,043 | -5.1% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €7,500 | - | -€7,500 | |
| Non-recurring operating income | 76A | €10,191 | €5,758 | -€4,432 | -43.5% |
| Remuneration, social security and pensions | 62 | €838,570 | €780,107 | -€58,463 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,717 | €38,471 | +€1,755 | +4.8% |
| Other operating charges | 640/8 | €63,023 | €36,598 | -€26,425 | -41.9% |
| Non-recurring operating charges | 66A | €1,961 | €1,120 | -€842 | -42.9% |
| Gross operating margin | 9900 | €902,847 | €853,462 | -€49,385 | -5.5% |
| Operating profit (loss) | 9901 | -€37,424 | -€2,834 | +€34,589 | +92.4% |
| Financial income | 75/76B | €122 | €180 | +€59 | +48.0% |
| Recurring financial income | 75 | €122 | €180 | +€59 | +48.0% |
| Financial charges | 65/66B | €8,192 | €5,449 | -€2,743 | -33.5% |
| Recurring financial charges | 65 | €8,192 | €5,449 | -€2,743 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,494 | -€8,103 | +€37,391 | +82.2% |
| Income taxes | 67/77 | €1,187 | €1,074 | -€113 | -9.5% |
| Profit (loss) for the period | 9904 | -€46,682 | -€9,177 | +€37,504 | +80.3% |
| Transfer from tax-exempt reserves | 789 | €52,474 | - | -€52,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,792 | -€9,177 | -€14,970 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.