NUTTIN & CARRETTE MANAGEMENT: 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.
NUTTIN & CARRETTE MANAGEMENT
Largest movements
- Current investments +€100,000
up €100,000 (+6.9%), from €1.5m to €1.6m
- Tangible fixed assets -€42,172
down €42,172 (-5.7%), from €737,292 to €695,120
of which Land and buildings: -€37,638
- Deferred charges and accrued income -€26,500
down €26,500 (-65.0%), from €40,786 to €14,286
- Reserves +€61,943
up €61,943 (+3.4%), from €1.8m to €1.9m
of which Distributable reserves: +€61,943
- Financial income -€11,521
down €11,521 (-27.5%), from €41,923 to €30,403
- Gross operating margin +€8,280
up €8,280 (+7.1%), from €117,326 to €125,605
- Other operating charges -€3,487
down €3,487 (-21.6%), from €16,161 to €12,674
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 | €2,238,402 | €2,283,584 | +€45,182 | +2.0% |
| Fixed assets | 21/28 | €738,042 | €695,870 | -€42,172 | -5.7% |
| Tangible fixed assets | 22/27 | €737,292 | €695,120 | -€42,172 | -5.7% |
| Land and buildings | 22 | €715,045 | €677,407 | -€37,638 | -5.3% |
| Plant, machinery and equipment | 23 | €8,883 | €6,852 | -€2,031 | -22.9% |
| Furniture and vehicles | 24 | €13,364 | €10,861 | -€2,503 | -18.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €1,500,360 | €1,587,714 | +€87,354 | +5.8% |
| Current investments | 50/53 | €1,450,000 | €1,550,000 | +€100,000 | +6.9% |
| Cash at bank and in hand | 54/58 | €9,574 | €23,428 | +€13,854 | +145% |
| Deferred charges and accrued income | 490/1 | €40,786 | €14,286 | -€26,500 | -65.0% |
| Total equity and liabilities | 10/49 | €2,238,402 | €2,283,584 | +€45,182 | +2.0% |
| Equity | 10/15 | €2,204,082 | €2,266,026 | +€61,943 | +2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €344,266 | €344,266 | = | 0.0% |
| Reserves | 13 | €1,797,816 | €1,859,760 | +€61,943 | +3.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,791,616 | €1,853,560 | +€61,943 | +3.5% |
| Amounts payable | 17/49 | €34,320 | €17,558 | -€16,761 | -48.8% |
| Amounts payable within one year | 42/48 | €17,572 | €15,521 | -€2,051 | -11.7% |
| Trade debts | 44 | €2,302 | €1,123 | -€1,179 | -51.2% |
| Suppliers | 440/4 | €2,302 | €1,123 | -€1,179 | -51.2% |
| Taxes, remuneration and social security | 45 | €10,800 | €9,364 | -€1,436 | -13.3% |
| Taxes | 450/3 | €10,800 | €9,364 | -€1,436 | -13.3% |
| Other amounts payable | 47/48 | €4,470 | €5,033 | +€563 | +12.6% |
| Accrued charges and deferred income | 492/3 | €16,748 | €2,038 | -€14,710 | -87.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,137 | €45,566 | +€430 | +1.0% |
| Other operating charges | 640/8 | €16,161 | €12,674 | -€3,487 | -21.6% |
| Gross operating margin | 9900 | €117,326 | €125,605 | +€8,280 | +7.1% |
| Operating profit (loss) | 9901 | €56,027 | €67,365 | +€11,337 | +20.2% |
| Financial income | 75/76B | €41,923 | €30,403 | -€11,521 | -27.5% |
| Recurring financial income | 75 | €41,923 | €30,403 | -€11,521 | -27.5% |
| Financial charges | 65/66B | €1,355 | €1,330 | -€24 | -1.8% |
| Recurring financial charges | 65 | €1,355 | €1,330 | -€24 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €96,596 | €96,437 | -€159 | -0.2% |
| Income taxes | 67/77 | €34,377 | €34,494 | +€117 | +0.3% |
| Profit (loss) for the period | 9904 | €62,219 | €61,943 | -€276 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,219 | €61,943 | -€276 | -0.4% |
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 31 October 2026 via checked.be.