CARD-EP: 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.
CARD-EP
Largest movements
- Receivables within one year +€157,096
up €157,096 (+118.7%), from €132,342 to €289,437
of which Other amounts receivable: +€139,668
- Tangible fixed assets +€85,410
up €85,410 (+601.3%), from €14,203 to €99,613
of which Furniture and vehicles: +€44,714
- Deferred charges and accrued income -€15,929
down €15,929 (-15.0%), from €106,186 to €90,257
- Reserves +€165,516
up €165,516 (+129.0%), from €128,332 to €293,848
- Tax, wage and social debts +€30,440
up €30,440 (+64.7%), from €47,042 to €77,481
of which Taxes: +€16,355
- Trade debts +€24,353
up €24,353 (+66.4%), from €36,702 to €61,054
- Current portion of long-term debt +€7,943
up €7,943 (+16.7%), from €47,696 to €55,639
- Gross operating margin +€168,851
up €168,851 (+93.4%), from €180,793 to €349,644
- Staff costs +€79,714
new in 2024: €79,714
- Taxes +€25,335
up €25,335 (+42.9%), from €59,036 to €84,371
- Depreciation +€4,821
up €4,821 (+50.1%), from €9,621 to €14,442
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,271 | €492,387 | +€230,116 | +87.7% |
| Fixed assets | 21/28 | €14,503 | €99,913 | +€85,410 | +588.9% |
| Tangible fixed assets | 22/27 | €14,203 | €99,613 | +€85,410 | +601.3% |
| Plant, machinery and equipment | 23 | - | €40,697 | +€40,697 | |
| Furniture and vehicles | 24 | €14,203 | €58,917 | +€44,714 | +314.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €247,768 | €392,473 | +€144,705 | +58.4% |
| Amounts receivable within one year | 40/41 | €132,342 | €289,437 | +€157,096 | +118.7% |
| Trade receivables | 40 | €58,385 | €75,812 | +€17,427 | +29.8% |
| Other amounts receivable | 41 | €73,957 | €213,625 | +€139,668 | +188.9% |
| Cash at bank and in hand | 54/58 | €9,240 | €12,779 | +€3,539 | +38.3% |
| Deferred charges and accrued income | 490/1 | €106,186 | €90,257 | -€15,929 | -15.0% |
| Total equity and liabilities | 10/49 | €262,271 | €492,387 | +€230,116 | +87.7% |
| Equity | 10/15 | €130,832 | €296,348 | +€165,516 | +126.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €128,332 | €293,848 | +€165,516 | +129.0% |
| Distributable reserves | 133 | €128,332 | €293,848 | +€165,516 | +129.0% |
| Amounts payable | 17/49 | €131,439 | €196,039 | +€64,599 | +49.1% |
| Amounts payable within one year | 42/48 | €131,439 | €196,039 | +€64,599 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €47,696 | €55,639 | +€7,943 | +16.7% |
| Financial debts | 43 | - | €1,863 | +€1,863 | |
| Credit institutions | 430/8 | - | €1,863 | +€1,863 | |
| Trade debts | 44 | €36,702 | €61,054 | +€24,353 | +66.4% |
| Suppliers | 440/4 | €36,702 | €61,054 | +€24,353 | +66.4% |
| Taxes, remuneration and social security | 45 | €47,042 | €77,481 | +€30,440 | +64.7% |
| Taxes | 450/3 | €47,042 | €63,396 | +€16,355 | +34.8% |
| Remuneration and social security | 454/9 | - | €14,085 | +€14,085 | |
| Remuneration, social security and pensions | 62 | - | €79,714 | +€79,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,621 | €14,442 | +€4,821 | +50.1% |
| Other operating charges | 640/8 | €1,568 | €2,617 | +€1,050 | +66.9% |
| Gross operating margin | 9900 | €180,793 | €349,644 | +€168,851 | +93.4% |
| Operating profit (loss) | 9901 | €169,604 | €252,870 | +€83,266 | +49.1% |
| Financial income | 75/76B | €0 | €991 | +€990 | +1238112.5% |
| Recurring financial income | 75 | €0 | €991 | +€990 | +1238112.5% |
| Financial charges | 65/66B | €1,219 | €3,974 | +€2,755 | +226.0% |
| Recurring financial charges | 65 | €1,219 | €3,974 | +€2,755 | +226.0% |
| Profit (loss) for the period before taxes | 9903 | €168,385 | €249,887 | +€81,502 | +48.4% |
| Income taxes | 67/77 | €59,036 | €84,371 | +€25,335 | +42.9% |
| Profit (loss) for the period | 9904 | €109,350 | €165,516 | +€56,167 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,350 | €165,516 | +€56,167 | +51.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.