CARD10: 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.
CARD10
Largest movements
- Cash +€75,928
up €75,928 (+67.1%), from €113,160 to €189,088
mainly Net result for the year (+€426,337) and Depreciation (+€36,921)
- Tangible fixed assets -€36,921
down €36,921 (-31.2%), from €118,215 to €81,294
of which Furniture and vehicles: -€35,940
- Receivables within one year -€23,614
down €23,614 (-32.5%), from €72,736 to €49,122
of which Other amounts receivable: -€20,864
- Deferred charges and accrued income +€22,054
up €22,054 (+8.8%), from €251,549 to €273,603
- Profit (loss) carried forward +€399,967
up €399,967 (+1152973.5%), from €35 to €400,001
- Reserves -€373,630
down €373,630 (-70.0%), from €533,860 to €160,230
of which Distributable reserves: -€373,630
- Tax, wage and social debts +€10,960
up €10,960 (+85.2%), from €12,865 to €23,825
of which Taxes: +€10,917
- Gross operating margin +€107,656
up €107,656 (+21.9%), from €490,978 to €598,634
- Taxes +€27,444
up €27,444 (+24.9%), from €110,000 to €137,444
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 | €570,090 | €607,537 | +€37,446 | +6.6% |
| Fixed assets | 21/28 | €132,645 | €95,724 | -€36,921 | -27.8% |
| Tangible fixed assets | 22/27 | €118,215 | €81,294 | -€36,921 | -31.2% |
| Plant, machinery and equipment | 23 | €1,979 | €1,727 | -€252 | -12.7% |
| Furniture and vehicles | 24 | €109,809 | €73,869 | -€35,940 | -32.7% |
| Other tangible fixed assets | 26 | €6,427 | €5,698 | -€729 | -11.3% |
| Financial fixed assets | 28 | €14,430 | €14,430 | = | 0.0% |
| Current assets | 29/58 | €437,445 | €511,813 | +€74,367 | +17.0% |
| Amounts receivable within one year | 40/41 | €72,736 | €49,122 | -€23,614 | -32.5% |
| Trade receivables | 40 | €2,750 | €0 | -€2,750 | -100.0% |
| Other amounts receivable | 41 | €69,986 | €49,122 | -€20,864 | -29.8% |
| Cash at bank and in hand | 54/58 | €113,160 | €189,088 | +€75,928 | +67.1% |
| Deferred charges and accrued income | 490/1 | €251,549 | €273,603 | +€22,054 | +8.8% |
| Total equity and liabilities | 10/49 | €570,090 | €607,537 | +€37,446 | +6.6% |
| Equity | 10/15 | €552,495 | €578,831 | +€26,337 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €533,860 | €160,230 | -€373,630 | -70.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €532,000 | €158,370 | -€373,630 | -70.2% |
| Profit (loss) carried forward | 14 | €35 | €400,001 | +€399,967 | +1152973.5% |
| Amounts payable | 17/49 | €17,596 | €28,705 | +€11,110 | +63.1% |
| Amounts payable within one year | 42/48 | €17,596 | €28,705 | +€11,110 | +63.1% |
| Trade debts | 44 | €4,731 | €4,881 | +€150 | +3.2% |
| Suppliers | 440/4 | €4,731 | €4,881 | +€150 | +3.2% |
| Taxes, remuneration and social security | 45 | €12,865 | €23,825 | +€10,960 | +85.2% |
| Taxes | 450/3 | €6,513 | €17,430 | +€10,917 | +167.6% |
| Remuneration and social security | 454/9 | €6,352 | €6,395 | +€42 | +0.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,262 | €36,921 | -€341 | -0.9% |
| Other operating charges | 640/8 | €2,155 | €614 | -€1,541 | -71.5% |
| Gross operating margin | 9900 | €490,978 | €598,634 | +€107,656 | +21.9% |
| Operating profit (loss) | 9901 | €451,562 | €561,099 | +€109,537 | +24.3% |
| Financial income | 75/76B | €1,818 | €2,956 | +€1,139 | +62.6% |
| Recurring financial income | 75 | €1,818 | €2,956 | +€1,139 | +62.6% |
| Financial charges | 65/66B | €389 | €275 | -€114 | -29.2% |
| Recurring financial charges | 65 | €389 | €275 | -€114 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €452,991 | €563,781 | +€110,790 | +24.5% |
| Income taxes | 67/77 | €110,000 | €137,444 | +€27,444 | +24.9% |
| Profit (loss) for the period | 9904 | €342,991 | €426,337 | +€83,346 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €342,991 | €426,337 | +€83,346 | +24.3% |
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 9 October 2026 via checked.be.