CADart: 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.
CADart
Largest movements
- Tangible fixed assets -€6,562
down €6,562 (-4.8%), from €136,035 to €129,472
of which Other tangible fixed assets: -€5,773
- Debts after one year -€7,127
down €7,127 (-8.1%), from €88,329 to €81,202
- Other debts +€6,768
up €6,768 (+44.6%), from €15,176 to €21,944
- Profit (loss) carried forward -€4,580
down €4,580 (-100%), from €4,580 to €0
- Trade debts +€2,405
up €2,405 (+94.2%), from €2,552 to €4,957
- Tax, wage and social debts -€1,624
down €1,624 (-65.2%), from €2,491 to €866
- Gross operating margin -€7,825
down €7,825 (-35.6%), from €21,963 to €14,138
- Financial charges -€2,227
down €2,227 (-39.0%), from €5,703 to €3,476
- Taxes -€1,417
down €1,417 (-73.3%), from €1,934 to €517
- Other operating charges +€384
up €384 (+32.6%), from €1,178 to €1,562
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 | €141,956 | €136,292 | -€5,664 | -4.0% |
| Fixed assets | 21/28 | €136,035 | €129,472 | -€6,562 | -4.8% |
| Tangible fixed assets | 22/27 | €136,035 | €129,472 | -€6,562 | -4.8% |
| Plant, machinery and equipment | 23 | €2,348 | €1,881 | -€466 | -19.9% |
| Furniture and vehicles | 24 | €1,063 | €739 | -€323 | -30.4% |
| Other tangible fixed assets | 26 | €132,624 | €126,852 | -€5,773 | -4.4% |
| Current assets | 29/58 | €5,922 | €6,820 | +€898 | +15.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €5,579 | €5,369 | -€210 | -3.8% |
| Trade receivables | 40 | €5,264 | €4,086 | -€1,177 | -22.4% |
| Other amounts receivable | 41 | €316 | €1,283 | +€967 | +306% |
| Cash at bank and in hand | 54/58 | €342 | €1,450 | +€1,108 | +324% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €141,956 | €136,292 | -€5,664 | -4.0% |
| Equity | 10/15 | €23,876 | €19,296 | -€4,580 | -19.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,296 | €16,296 | = | 0.0% |
| Distributable reserves | 133 | €16,296 | €16,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,580 | €0 | -€4,580 | -100% |
| Amounts payable | 17/49 | €118,081 | €116,996 | -€1,085 | -0.9% |
| Amounts payable after more than one year | 17 | €88,329 | €81,202 | -€7,127 | -8.1% |
| Financial debts | 170/4 | €88,329 | €81,202 | -€7,127 | -8.1% |
| Amounts payable within one year | 42/48 | €27,246 | €34,894 | +€7,648 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €7,028 | €7,127 | +€99 | +1.4% |
| Trade debts | 44 | €2,552 | €4,957 | +€2,405 | +94.2% |
| Suppliers | 440/4 | €2,552 | €4,957 | +€2,405 | +94.2% |
| Taxes, remuneration and social security | 45 | €2,491 | €866 | -€1,624 | -65.2% |
| Taxes | 450/3 | €2,491 | €866 | -€1,624 | -65.2% |
| Other amounts payable | 47/48 | €15,176 | €21,944 | +€6,768 | +44.6% |
| Accrued charges and deferred income | 492/3 | €2,506 | €900 | -€1,606 | -64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,569 | €8,652 | +€83 | +1.0% |
| Other operating charges | 640/8 | €1,178 | €1,562 | +€384 | +32.6% |
| Gross operating margin | 9900 | €21,963 | €14,138 | -€7,825 | -35.6% |
| Operating profit (loss) | 9901 | €12,217 | €3,925 | -€8,292 | -67.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €5,703 | €3,476 | -€2,227 | -39.0% |
| Recurring financial charges | 65 | €5,703 | €3,476 | -€2,227 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €6,514 | €449 | -€6,065 | -93.1% |
| Income taxes | 67/77 | €1,934 | €517 | -€1,417 | -73.3% |
| Profit (loss) for the period | 9904 | €4,580 | -€68 | -€4,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,580 | -€68 | -€4,648 |
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 15 October 2026 via checked.be.