CAIRN.CONSEIL: 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.
CAIRN.CONSEIL
Largest movements
- Receivables within one year +€37,092
up €37,092 (+155%), from €23,894 to €60,985
of which Other amounts receivable: +€39,858
- Current investments +€25,952
up €25,952 (+9.2%), from €280,953 to €306,905
- Cash +€5,260
up €5,260 (+89.6%), from €5,873 to €11,132
mainly Net result for the year (+€70,723) and Depreciation (+€3,641)
- Reserves +€70,000
up €70,000 (+17.9%), from €390,800 to €460,800
of which Non-distributable reserves: +€70,000
- Gross operating margin -€67,959
down €67,959 (-39.1%), from €173,815 to €105,856
- Taxes -€18,427
down €18,427 (-33.5%), from €55,003 to €36,576
- Depreciation -€3,861
down €3,861 (-51.5%), from €7,502 to €3,641
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 | €448,990 | €517,963 | +€68,974 | +15.4% |
| Fixed assets | 21/28 | €6,551 | €4,147 | -€2,404 | -36.7% |
| Tangible fixed assets | 22/27 | €6,344 | €3,940 | -€2,404 | -37.9% |
| Furniture and vehicles | 24 | €6,344 | €3,940 | -€2,404 | -37.9% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €442,439 | €513,816 | +€71,378 | +16.1% |
| Amounts receivable after more than one year | 29 | €131,000 | €131,000 | = | 0.0% |
| Other amounts receivable | 291 | €131,000 | €131,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,894 | €60,985 | +€37,092 | +155% |
| Trade receivables | 40 | €20,475 | €17,709 | -€2,766 | -13.5% |
| Other amounts receivable | 41 | €3,418 | €43,276 | +€39,858 | +1,166% |
| Current investments | 50/53 | €280,953 | €306,905 | +€25,952 | +9.2% |
| Cash at bank and in hand | 54/58 | €5,873 | €11,132 | +€5,260 | +89.6% |
| Deferred charges and accrued income | 490/1 | €719 | €3,794 | +€3,075 | +428% |
| Total equity and liabilities | 10/49 | €448,990 | €517,963 | +€68,974 | +15.4% |
| Equity | 10/15 | €416,258 | €486,982 | +€70,723 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €390,800 | €460,800 | +€70,000 | +17.9% |
| Non-distributable reserves | 130/1 | €389,000 | €459,000 | +€70,000 | +18.0% |
| Other | 1319 | €389,000 | €459,000 | +€70,000 | +18.0% |
| Distributable reserves | 133 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,258 | €19,982 | +€723 | +3.8% |
| Amounts payable | 17/49 | €32,731 | €30,981 | -€1,750 | -5.3% |
| Amounts payable within one year | 42/48 | €30,980 | €30,792 | -€188 | -0.6% |
| Financial debts | 43 | €17,099 | €17,071 | -€27 | -0.2% |
| Credit institutions | 430/8 | €17,099 | €17,071 | -€27 | -0.2% |
| Trade debts | 44 | €1,852 | €4,313 | +€2,462 | +133% |
| Suppliers | 440/4 | €1,852 | €4,313 | +€2,462 | +133% |
| Taxes, remuneration and social security | 45 | €11,927 | €9,408 | -€2,519 | -21.1% |
| Taxes | 450/3 | €11,927 | €9,408 | -€2,519 | -21.1% |
| Other amounts payable | 47/48 | €103 | - | -€103 | |
| Accrued charges and deferred income | 492/3 | €1,751 | €189 | -€1,562 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,502 | €3,641 | -€3,861 | -51.5% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €173,815 | €105,856 | -€67,959 | -39.1% |
| Operating profit (loss) | 9901 | €165,928 | €101,828 | -€64,101 | -38.6% |
| Financial income | 75/76B | €9,533 | €9,654 | +€122 | +1.3% |
| Recurring financial income | 75 | €9,533 | €9,654 | +€122 | +1.3% |
| Financial charges | 65/66B | €4,252 | €4,183 | -€69 | -1.6% |
| Recurring financial charges | 65 | €4,252 | €4,183 | -€69 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €171,209 | €107,299 | -€63,910 | -37.3% |
| Income taxes | 67/77 | €55,003 | €36,576 | -€18,427 | -33.5% |
| Profit (loss) for the period | 9904 | €116,206 | €70,723 | -€45,482 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,206 | €70,723 | -€45,482 | -39.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.