CAIRN: 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.
CAIRN
Largest movements
- Receivables within one year -€4,054
no longer reported in 2025 (was €4,054)
of which Other amounts receivable: -€4,000
- Cash +€830
up €830 (+62.8%), from €1,322 to €2,152
mainly Receivables within one year (+€4,054) and Net result for the year (+€3,624)
- Profit (loss) carried forward +€16,761
up €16,761 (+70.4%), from -€23,811 to -€7,050
- Reserves -€13,137
down €13,137 (-43.9%), from €29,926 to €16,789
of which Tax-exempt reserves: -€13,137
- Trade debts -€6,989
down €6,989 (-72.6%), from €9,622 to €2,633
- Gross operating margin +€5,824
up €5,824 (+292.4%), from €1,992 to €7,816
- Other operating charges -€1,013
down €1,013 (-20.2%), from €5,002 to €3,989
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 | €61,704 | €58,340 | -€3,365 | -5.5% |
| Fixed assets | 21/28 | €56,328 | €56,171 | -€158 | -0.3% |
| Tangible fixed assets | 22/27 | €56,328 | €56,171 | -€158 | -0.3% |
| Land and buildings | 22 | €55,776 | €55,776 | = | 0.0% |
| Plant, machinery and equipment | 23 | €552 | €395 | -€158 | -28.5% |
| Current assets | 29/58 | €5,376 | €2,169 | -€3,207 | -59.7% |
| Amounts receivable within one year | 40/41 | €4,054 | - | -€4,054 | |
| Trade receivables | 40 | €54 | - | -€54 | |
| Other amounts receivable | 41 | €4,000 | - | -€4,000 | |
| Cash at bank and in hand | 54/58 | €1,322 | €2,152 | +€830 | +62.8% |
| Deferred charges and accrued income | 490/1 | - | €17 | +€17 | |
| Total equity and liabilities | 10/49 | €61,704 | €58,340 | -€3,365 | -5.5% |
| Equity | 10/15 | €52,082 | €55,706 | +€3,624 | +7.0% |
| Contributions | 10/11 | €45,967 | €45,967 | = | 0.0% |
| Reserves | 13 | €29,926 | €16,789 | -€13,137 | -43.9% |
| Non-distributable reserves | 130/1 | €1,066 | €1,066 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,066 | €1,066 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,137 | - | -€13,137 | |
| Distributable reserves | 133 | €15,722 | €15,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,811 | -€7,050 | +€16,761 | +70.4% |
| Amounts payable | 17/49 | €9,622 | €2,633 | -€6,989 | -72.6% |
| Amounts payable within one year | 42/48 | €9,622 | €2,633 | -€6,989 | -72.6% |
| Trade debts | 44 | €9,622 | €2,633 | -€6,989 | -72.6% |
| Suppliers | 440/4 | €9,622 | €2,633 | -€6,989 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €158 | = | 0.0% |
| Other operating charges | 640/8 | €5,002 | €3,989 | -€1,013 | -20.2% |
| Gross operating margin | 9900 | €1,992 | €7,816 | +€5,824 | +292.4% |
| Operating profit (loss) | 9901 | -€3,168 | €3,669 | +€6,837 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,211 | €3,624 | +€6,836 | |
| Profit (loss) for the period | 9904 | -€3,211 | €3,624 | +€6,836 | |
| Transfer from tax-exempt reserves | 789 | - | €13,137 | +€13,137 | |
| Transfer to tax-exempt reserves | 689 | €13,137 | - | -€13,137 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,349 | €16,761 | +€33,110 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.