CARDENAS CONSULTING: 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.
CARDENAS CONSULTING
Largest movements
- Cash -€73,906
down €73,906 (-94.9%), from €77,860 to €3,954
mainly Current investments (-€47,826) and Receivables within one year (-€20,536)
- Current investments +€47,826
new in 2025: €47,826
- Receivables within one year +€20,536
up €20,536 (+87.8%), from €23,381 to €43,916
of which Other amounts receivable: +€27,736
- Contributions -€12,400
no longer reported in 2025 (was €12,400)
- Reserves +€9,385
up €9,385 (+14.8%), from €63,278 to €72,663
of which Distributable reserves: +€11,245
- Other debts -€8,085
down €8,085 (-88.7%), from €9,117 to €1,032
- Tax, wage and social debts +€5,564
up €5,564 (+38.7%), from €14,379 to €19,943
- Gross operating margin +€6,979
up €6,979 (+45.1%), from €15,472 to €22,451
- Taxes +€5,951
up €5,951 (+85.0%), from €7,000 to €12,950
- Financial income +€5,674
up €5,674 (+148,149%), from €4 to €5,678
- Financial charges +€1,960
up €1,960 (+373%), from €526 to €2,486
- Depreciation +€228
up €228 (+71.0%), from €321 to €550
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 | €102,718 | €96,625 | -€6,093 | -5.9% |
| Fixed assets | 21/28 | €1,478 | €928 | -€550 | -37.2% |
| Tangible fixed assets | 22/27 | €1,328 | €778 | -€550 | -41.4% |
| Furniture and vehicles | 24 | €1,328 | €778 | -€550 | -41.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €101,241 | €95,697 | -€5,544 | -5.5% |
| Amounts receivable within one year | 40/41 | €23,381 | €43,916 | +€20,536 | +87.8% |
| Trade receivables | 40 | €23,381 | €16,181 | -€7,200 | -30.8% |
| Other amounts receivable | 41 | - | €27,736 | +€27,736 | |
| Current investments | 50/53 | - | €47,826 | +€47,826 | |
| Cash at bank and in hand | 54/58 | €77,860 | €3,954 | -€73,906 | -94.9% |
| Total equity and liabilities | 10/49 | €102,718 | €96,625 | -€6,093 | -5.9% |
| Equity | 10/15 | €75,678 | €72,663 | -€3,015 | -4.0% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €63,278 | €72,663 | +€9,385 | +14.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €61,418 | €72,663 | +€11,245 | +18.3% |
| Amounts payable | 17/49 | €27,040 | €23,962 | -€3,078 | -11.4% |
| Amounts payable within one year | 42/48 | €27,040 | €23,962 | -€3,078 | -11.4% |
| Trade debts | 44 | €3,544 | €2,987 | -€557 | -15.7% |
| Suppliers | 440/4 | €3,544 | €2,987 | -€557 | -15.7% |
| Taxes, remuneration and social security | 45 | €14,379 | €19,943 | +€5,564 | +38.7% |
| Taxes | 450/3 | €14,379 | €19,943 | +€5,564 | +38.7% |
| Other amounts payable | 47/48 | €9,117 | €1,032 | -€8,085 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €550 | +€228 | +71.0% |
| Other operating charges | 640/8 | €870 | €899 | +€28 | +3.2% |
| Gross operating margin | 9900 | €15,472 | €22,451 | +€6,979 | +45.1% |
| Operating profit (loss) | 9901 | €14,281 | €21,003 | +€6,723 | +47.1% |
| Financial income | 75/76B | €4 | €5,678 | +€5,674 | +148,149% |
| Recurring financial income | 75 | €4 | €5,678 | +€5,674 | +148,149% |
| Financial charges | 65/66B | €526 | €2,486 | +€1,960 | +373% |
| Recurring financial charges | 65 | €526 | €2,486 | +€1,960 | +373% |
| Profit (loss) for the period before taxes | 9903 | €13,759 | €24,195 | +€10,436 | +75.9% |
| Income taxes | 67/77 | €7,000 | €12,950 | +€5,951 | +85.0% |
| Profit (loss) for the period | 9904 | €6,759 | €11,245 | +€4,486 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,759 | €11,245 | +€4,486 | +66.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.