KARTOESJ: 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.
KARTOESJ
Largest movements
- Tangible fixed assets -€11,825
down €11,825 (-2.2%), from €538,280 to €526,455
of which Furniture and vehicles: -€20,309
- Debts after one year -€106,420
down €106,420 (-68.6%), from €155,119 to €48,699
of which Other amounts payable: -€80,000
- Other debts +€61,317
up €61,317 (+28.9%), from €211,993 to €273,309
- Reserves +€28,632
up €28,632 (+12.2%), from €235,331 to €263,963
of which Distributable reserves: +€28,632
- Trade debts +€19,170
up €19,170 (+806%), from €2,379 to €21,549
- Tax, wage and social debts -€7,176
down €7,176 (-24.6%), from €29,213 to €22,037
of which Taxes: -€10,293
- Gross operating margin -€14,401
down €14,401 (-6.4%), from €223,350 to €208,950
- Staff costs +€9,606
up €9,606 (+14.1%), from €67,947 to €77,553
- Taxes -€9,387
down €9,387 (-39.6%), from €23,725 to €14,338
- Depreciation +€4,913
up €4,913 (+8.5%), from €57,846 to €62,759
- Financial charges +€2,698
up €2,698 (+15.2%), from €17,714 to €20,412
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 | €693,177 | €681,923 | -€11,254 | -1.6% |
| Fixed assets | 21/28 | €538,280 | €526,455 | -€11,825 | -2.2% |
| Tangible fixed assets | 22/27 | €538,280 | €526,455 | -€11,825 | -2.2% |
| Land and buildings | 22 | €461,785 | €473,090 | +€11,305 | +2.4% |
| Plant, machinery and equipment | 23 | €15,570 | €12,749 | -€2,821 | -18.1% |
| Furniture and vehicles | 24 | €60,926 | €40,617 | -€20,309 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €154,897 | €155,468 | +€572 | +0.4% |
| Amounts receivable within one year | 40/41 | €18,838 | €23,696 | +€4,858 | +25.8% |
| Trade receivables | 40 | €18,343 | €12,232 | -€6,111 | -33.3% |
| Other amounts receivable | 41 | €495 | €11,464 | +€10,969 | +2,216% |
| Cash at bank and in hand | 54/58 | €132,774 | €128,958 | -€3,816 | -2.9% |
| Deferred charges and accrued income | 490/1 | €3,285 | €2,815 | -€470 | -14.3% |
| Total equity and liabilities | 10/49 | €693,177 | €681,923 | -€11,254 | -1.6% |
| Equity | 10/15 | €259,740 | €286,706 | +€26,966 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,331 | €263,963 | +€28,632 | +12.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €235,331 | €263,963 | +€28,632 | +12.2% |
| Profit (loss) carried forward | 14 | €5,809 | €4,143 | -€1,666 | -28.7% |
| Amounts payable | 17/49 | €433,437 | €395,218 | -€38,219 | -8.8% |
| Amounts payable after more than one year | 17 | €155,119 | €48,699 | -€106,420 | -68.6% |
| Financial debts | 170/4 | €75,119 | €48,699 | -€26,420 | -35.2% |
| Other amounts payable | 178/9 | €80,000 | €0 | -€80,000 | -100% |
| Amounts payable within one year | 42/48 | €276,065 | €346,363 | +€70,299 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €32,451 | €28,517 | -€3,934 | -12.1% |
| Financial debts | 43 | €30 | €951 | +€921 | +3,066% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €30 | €951 | +€921 | +3,066% |
| Trade debts | 44 | €2,379 | €21,549 | +€19,170 | +806% |
| Suppliers | 440/4 | €2,379 | €21,549 | +€19,170 | +806% |
| Taxes, remuneration and social security | 45 | €29,213 | €22,037 | -€7,176 | -24.6% |
| Taxes | 450/3 | €15,406 | €5,113 | -€10,293 | -66.8% |
| Remuneration and social security | 454/9 | €13,806 | €16,924 | +€3,118 | +22.6% |
| Other amounts payable | 47/48 | €211,993 | €273,309 | +€61,317 | +28.9% |
| Accrued charges and deferred income | 492/3 | €2,253 | €155 | -€2,098 | -93.1% |
| Non-recurring operating income | 76A | €14,466 | €0 | -€14,466 | -100% |
| Remuneration, social security and pensions | 62 | €67,947 | €77,553 | +€9,606 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,846 | €62,759 | +€4,913 | +8.5% |
| Other operating charges | 640/8 | €3,227 | €2,875 | -€353 | -10.9% |
| Gross operating margin | 9900 | €223,350 | €208,950 | -€14,401 | -6.4% |
| Operating profit (loss) | 9901 | €94,331 | €65,763 | -€28,568 | -30.3% |
| Financial income | 75/76B | €7 | €19 | +€13 | +188% |
| Recurring financial income | 75 | €7 | €19 | +€13 | +188% |
| Financial charges | 65/66B | €17,714 | €20,412 | +€2,698 | +15.2% |
| Recurring financial charges | 65 | €17,714 | €20,412 | +€2,698 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €76,624 | €45,370 | -€31,253 | -40.8% |
| Income taxes | 67/77 | €23,725 | €14,338 | -€9,387 | -39.6% |
| Profit (loss) for the period | 9904 | €52,898 | €31,032 | -€21,866 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,898 | €31,032 | -€21,866 | -41.3% |
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 30 October 2026 via checked.be.