De Kartuizer: 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.
De Kartuizer
Largest movements
- Current investments +€220,000
up €220,000 (+57.9%), from €380,000 to €600,000
- Receivables within one year -€97,054
down €97,054 (-39.8%), from €243,633 to €146,579
of which Trade receivables: -€99,047
- Tangible fixed assets -€43,259
down €43,259 (-7.6%), from €566,043 to €522,784
- Reserves +€49,146
up €49,146 (+12.4%), from €397,607 to €446,752
- Financial income -€19,542
down €19,542 (-62.0%), from €31,536 to €11,994
- Gross operating margin -€5,622
down €5,622 (-3.6%), from €155,354 to €149,732
- Financial charges +€5,385
up €5,385 (+14.9%), from €36,127 to €41,512
- Taxes -€3,780
down €3,780 (-13.4%), from €28,217 to €24,437
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 | €1,846,484 | €1,908,783 | +€62,300 | +3.4% |
| Fixed assets | 21/28 | €566,043 | €522,784 | -€43,259 | -7.6% |
| Tangible fixed assets | 22/27 | €566,043 | €522,784 | -€43,259 | -7.6% |
| Land and buildings | 22 | €566,043 | €522,784 | -€43,259 | -7.6% |
| Current assets | 29/58 | €1,280,440 | €1,385,999 | +€105,559 | +8.2% |
| Amounts receivable within one year | 40/41 | €243,633 | €146,579 | -€97,054 | -39.8% |
| Trade receivables | 40 | €216,000 | €116,953 | -€99,047 | -45.9% |
| Other amounts receivable | 41 | €27,633 | €29,627 | +€1,994 | +7.2% |
| Current investments | 50/53 | €380,000 | €600,000 | +€220,000 | +57.9% |
| Cash at bank and in hand | 54/58 | €651,978 | €636,618 | -€15,360 | -2.4% |
| Deferred charges and accrued income | 490/1 | €4,830 | €2,802 | -€2,027 | -42.0% |
| Total equity and liabilities | 10/49 | €1,846,484 | €1,908,783 | +€62,300 | +3.4% |
| Equity | 10/15 | €1,198,030 | €1,247,176 | +€49,146 | +4.1% |
| Contributions | 10/11 | €800,424 | €800,424 | = | 0.0% |
| Reserves | 13 | €397,607 | €446,752 | +€49,146 | +12.4% |
| Distributable reserves | 133 | €397,607 | €446,752 | +€49,146 | +12.4% |
| Amounts payable | 17/49 | €648,453 | €661,608 | +€13,154 | +2.0% |
| Amounts payable within one year | 42/48 | €613,135 | €620,880 | +€7,746 | +1.3% |
| Trade debts | 44 | €3,260 | €3,311 | +€52 | +1.6% |
| Suppliers | 440/4 | €3,260 | €3,311 | +€52 | +1.6% |
| Advances received on contracts in progress | 46 | €375 | €375 | = | 0.0% |
| Other amounts payable | 47/48 | €609,500 | €617,194 | +€7,694 | +1.3% |
| Accrued charges and deferred income | 492/3 | €35,319 | €40,727 | +€5,409 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,259 | €43,259 | = | 0.0% |
| Other operating charges | 640/8 | €3,875 | €3,372 | -€503 | -13.0% |
| Gross operating margin | 9900 | €155,354 | €149,732 | -€5,622 | -3.6% |
| Operating profit (loss) | 9901 | €108,220 | €103,101 | -€5,119 | -4.7% |
| Financial income | 75/76B | €31,536 | €11,994 | -€19,542 | -62.0% |
| Recurring financial income | 75 | €31,536 | €11,994 | -€19,542 | -62.0% |
| Financial charges | 65/66B | €36,127 | €41,512 | +€5,385 | +14.9% |
| Recurring financial charges | 65 | €36,127 | €41,512 | +€5,385 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €103,629 | €73,582 | -€30,046 | -29.0% |
| Income taxes | 67/77 | €28,217 | €24,437 | -€3,780 | -13.4% |
| Profit (loss) for the period | 9904 | €75,412 | €49,146 | -€26,266 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,412 | €49,146 | -€26,266 | -34.8% |
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.