CARDETAIL: 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.
CARDETAIL
Largest movements
- Tangible fixed assets +€43,818
up €43,818 (+4.1%), from €1.1m to €1.1m
of which Land and buildings: +€63,045
- Cash +€38,493
up €38,493 (+27.7%), from €138,990 to €177,483
mainly Net result for the year (+€169,600) and Depreciation (+€90,292)
- Stocks and contracts +€36,954
up €36,954 (+31.7%), from €116,617 to €153,571
- Reserves +€169,600
up €169,600 (+52.2%), from €325,198 to €494,798
- Debts after one year -€41,671
down €41,671 (-5.8%), from €722,389 to €680,719
- Trade debts -€21,082
down €21,082 (-31.1%), from €67,779 to €46,697
- Tax, wage and social debts -€14,798
down €14,798 (-18.0%), from €82,137 to €67,339
of which Taxes: -€17,494
- Gross operating margin +€119,434
up €119,434 (+41.6%), from €287,118 to €406,551
- Taxes +€34,426
up €34,426 (+92.4%), from €37,247 to €71,673
- Depreciation +€34,034
up €34,034 (+60.5%), from €56,258 to €90,292
- Staff costs +€19,796
up €19,796 (+182.8%), from €10,829 to €30,625
- Financial charges +€7,360
up €7,360 (+22.7%), from €32,492 to €39,851
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 | €1,366,231 | €1,474,991 | +€108,759 | +8.0% |
| Fixed assets | 21/28 | €1,087,225 | €1,127,666 | +€40,441 | +3.7% |
| Tangible fixed assets | 22/27 | €1,080,550 | €1,124,368 | +€43,818 | +4.1% |
| Land and buildings | 22 | €955,424 | €1,018,469 | +€63,045 | +6.6% |
| Plant, machinery and equipment | 23 | €14,014 | €32,597 | +€18,583 | +132.6% |
| Furniture and vehicles | 24 | €108,825 | €73,302 | -€35,522 | -32.6% |
| Other tangible fixed assets | 26 | €2,288 | - | -€2,288 | |
| Financial fixed assets | 28 | €6,675 | €3,298 | -€3,377 | -50.6% |
| Current assets | 29/58 | €279,006 | €347,325 | +€68,319 | +24.5% |
| Stocks and contracts in progress | 3 | €116,617 | €153,571 | +€36,954 | +31.7% |
| Stocks | 30/36 | €116,617 | €153,571 | +€36,954 | +31.7% |
| Amounts receivable within one year | 40/41 | €23,399 | €16,270 | -€7,129 | -30.5% |
| Trade receivables | 40 | €23,399 | €15,142 | -€8,257 | -35.3% |
| Other amounts receivable | 41 | - | €1,128 | +€1,128 | |
| Cash at bank and in hand | 54/58 | €138,990 | €177,483 | +€38,493 | +27.7% |
| Total equity and liabilities | 10/49 | €1,366,231 | €1,474,991 | +€108,759 | +8.0% |
| Equity | 10/15 | €325,698 | €495,298 | +€169,600 | +52.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €325,198 | €494,798 | +€169,600 | +52.2% |
| Distributable reserves | 133 | €325,198 | €494,798 | +€169,600 | +52.2% |
| Amounts payable | 17/49 | €1,040,533 | €979,693 | -€60,841 | -5.8% |
| Amounts payable after more than one year | 17 | €722,389 | €680,719 | -€41,671 | -5.8% |
| Financial debts | 170/4 | €722,389 | €680,719 | -€41,671 | -5.8% |
| Amounts payable within one year | 42/48 | €318,144 | €298,974 | -€19,170 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €50,350 | €61,671 | +€11,320 | +22.5% |
| Trade debts | 44 | €67,779 | €46,697 | -€21,082 | -31.1% |
| Suppliers | 440/4 | €67,779 | €46,697 | -€21,082 | -31.1% |
| Taxes, remuneration and social security | 45 | €82,137 | €67,339 | -€14,798 | -18.0% |
| Taxes | 450/3 | €78,327 | €60,833 | -€17,494 | -22.3% |
| Remuneration and social security | 454/9 | €3,810 | €6,506 | +€2,696 | +70.8% |
| Other amounts payable | 47/48 | €117,877 | €123,267 | +€5,390 | +4.6% |
| Remuneration, social security and pensions | 62 | €10,829 | €30,625 | +€19,796 | +182.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,258 | €90,292 | +€34,034 | +60.5% |
| Other operating charges | 640/8 | €2,946 | €4,903 | +€1,956 | +66.4% |
| Gross operating margin | 9900 | €287,118 | €406,551 | +€119,434 | +41.6% |
| Operating profit (loss) | 9901 | €217,084 | €280,732 | +€63,648 | +29.3% |
| Financial income | 75/76B | €181 | €393 | +€212 | +117.1% |
| Recurring financial income | 75 | €181 | €393 | +€212 | +117.1% |
| Financial charges | 65/66B | €32,492 | €39,851 | +€7,360 | +22.7% |
| Recurring financial charges | 65 | €32,492 | €39,851 | +€7,360 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €184,774 | €241,273 | +€56,500 | +30.6% |
| Income taxes | 67/77 | €37,247 | €71,673 | +€34,426 | +92.4% |
| Profit (loss) for the period | 9904 | €147,527 | €169,600 | +€22,074 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €147,527 | €169,600 | +€22,074 | +15.0% |
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 10 October 2026 via checked.be.