CARDECUY: 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.
CARDECUY
Largest movements
- Tangible fixed assets -€32,650
down €32,650 (-8.6%), from €380,957 to €348,308
of which Land and buildings: -€23,982
- Intangible fixed assets -€8,951
down €8,951 (-100%), from €8,951 to €0
- Receivables within one year -€5,203
down €5,203 (-56.2%), from €9,250 to €4,047
of which Trade receivables: -€3,206
- Debts after one year -€49,735
down €49,735 (-16.5%), from €302,264 to €252,530
- Profit (loss) carried forward -€30,391
down €30,391 (-30.6%), from -€99,339 to -€129,731
- Tax, wage and social debts +€14,966
up €14,966 (+35.7%), from €41,936 to €56,902
of which Remuneration and social security: +€9,834
- Trade debts +€14,085
up €14,085 (+22.8%), from €61,869 to €75,953
- Gross operating margin +€24,660
up €24,660 (+12.1%), from €203,665 to €228,326
- Depreciation -€23,651
down €23,651 (-31.6%), from €74,809 to €51,157
- Staff costs +€16,759
up €16,759 (+10.0%), from €168,024 to €184,784
- Taxes +€3,928
up €3,928, from -€1,770 to €2,159
- Financial charges +€3,280
up €3,280 (+38.9%), from €8,435 to €11,715
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 | €440,157 | €395,675 | -€44,482 | -10.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €389,908 | €351,308 | -€38,601 | -9.9% |
| Intangible fixed assets | 21 | €8,951 | €0 | -€8,951 | -100% |
| Tangible fixed assets | 22/27 | €380,957 | €348,308 | -€32,650 | -8.6% |
| Land and buildings | 22 | €321,486 | €297,504 | -€23,982 | -7.5% |
| Plant, machinery and equipment | 23 | €35,123 | €29,249 | -€5,873 | -16.7% |
| Furniture and vehicles | 24 | €24,349 | €14,497 | -€9,852 | -40.5% |
| Other tangible fixed assets | 26 | - | €7,057 | +€7,057 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €50,249 | €44,367 | -€5,882 | -11.7% |
| Stocks and contracts in progress | 3 | €28,365 | €29,114 | +€749 | +2.6% |
| Stocks | 30/36 | €28,365 | €29,114 | +€749 | +2.6% |
| Amounts receivable within one year | 40/41 | €9,250 | €4,047 | -€5,203 | -56.2% |
| Trade receivables | 40 | €6,851 | €3,645 | -€3,206 | -46.8% |
| Other amounts receivable | 41 | €2,399 | €402 | -€1,997 | -83.2% |
| Cash at bank and in hand | 54/58 | €8,025 | €10,422 | +€2,397 | +29.9% |
| Deferred charges and accrued income | 490/1 | €4,609 | €784 | -€3,825 | -83.0% |
| Total equity and liabilities | 10/49 | €440,157 | €395,675 | -€44,482 | -10.1% |
| Equity | 10/15 | -€37,859 | -€69,142 | -€31,284 | -82.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €24,500 | €24,500 | = | 0.0% |
| Distributable reserves | 133 | €24,500 | €24,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,339 | -€129,731 | -€30,391 | -30.6% |
| Investment grants | 15 | €11,980 | €11,088 | -€892 | -7.4% |
| Amounts payable | 17/49 | €478,016 | €464,817 | -€13,199 | -2.8% |
| Amounts payable after more than one year | 17 | €302,264 | €252,530 | -€49,735 | -16.5% |
| Financial debts | 170/4 | €302,264 | €252,530 | -€49,735 | -16.5% |
| Amounts payable within one year | 42/48 | €175,604 | €212,287 | +€36,684 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €52,484 | €54,393 | +€1,909 | +3.6% |
| Financial debts | 43 | €490 | €2,500 | +€2,010 | +410% |
| Credit institutions | 430/8 | €490 | €2,500 | +€2,010 | +410% |
| Trade debts | 44 | €61,869 | €75,953 | +€14,085 | +22.8% |
| Suppliers | 440/4 | €61,869 | €75,953 | +€14,085 | +22.8% |
| Taxes, remuneration and social security | 45 | €41,936 | €56,902 | +€14,966 | +35.7% |
| Taxes | 450/3 | €4,191 | €9,323 | +€5,132 | +122% |
| Remuneration and social security | 454/9 | €37,745 | €47,579 | +€9,834 | +26.1% |
| Other amounts payable | 47/48 | €18,824 | €22,539 | +€3,715 | +19.7% |
| Accrued charges and deferred income | 492/3 | €148 | €0 | -€148 | -100% |
| Remuneration, social security and pensions | 62 | €168,024 | €184,784 | +€16,759 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,809 | €51,157 | -€23,651 | -31.6% |
| Other operating charges | 640/8 | €13,177 | €10,025 | -€3,152 | -23.9% |
| Gross operating margin | 9900 | €203,665 | €228,326 | +€24,660 | +12.1% |
| Operating profit (loss) | 9901 | -€52,344 | -€17,640 | +€34,704 | +66.3% |
| Financial income | 75/76B | €3,516 | €1,122 | -€2,394 | -68.1% |
| Recurring financial income | 75 | €3,516 | €1,122 | -€2,394 | -68.1% |
| Financial charges | 65/66B | €8,435 | €11,715 | +€3,280 | +38.9% |
| Recurring financial charges | 65 | €8,435 | €11,715 | +€3,280 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | -€57,264 | -€28,233 | +€29,031 | +50.7% |
| Income taxes | 67/77 | -€1,770 | €2,159 | +€3,928 | |
| Profit (loss) for the period | 9904 | -€55,494 | -€30,391 | +€25,103 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,494 | -€30,391 | +€25,103 | +45.2% |
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 17 October 2026 via checked.be.