CARDIALI: 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.
CARDIALI
Largest movements
- Cash +€86,022
up €86,022 (+190.1%), from €45,245 to €131,267
mainly Net result for the year (+€201,019) and Receivables within one year (+€79,245)
- Receivables within one year -€79,245
down €79,245 (-98.5%), from €80,459 to €1,214
of which Other amounts receivable: -€80,245
- Deferred charges and accrued income +€44,254
up €44,254 (+60.0%), from €73,803 to €118,057
- Tangible fixed assets -€7,965
down €7,965 (-2.2%), from €360,853 to €352,888
of which Land and buildings: -€9,445
- Other debts +€58,961
up €58,961 (+38.8%), from €152,125 to €211,086
- Debts after one year -€28,790
down €28,790 (-7.6%), from €377,323 to €348,533
- Tax, wage and social debts +€11,417
new in 2025: €11,417
of which Taxes: +€8,917
- Gross operating margin +€69,645
up €69,645 (+30.7%), from €226,903 to €296,548
- Taxes +€16,132
up €16,132 (+33.8%), from €47,786 to €63,917
- Financial income -€3,779
no longer reported in 2025 (was €3,779)
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 | €560,359 | €603,426 | +€43,067 | +7.7% |
| Fixed assets | 21/28 | €360,853 | €352,888 | -€7,965 | -2.2% |
| Tangible fixed assets | 22/27 | €360,853 | €352,888 | -€7,965 | -2.2% |
| Land and buildings | 22 | €357,343 | €347,898 | -€9,445 | -2.6% |
| Furniture and vehicles | 24 | €3,510 | €4,990 | +€1,480 | +42.2% |
| Current assets | 29/58 | €199,506 | €250,538 | +€51,032 | +25.6% |
| Amounts receivable within one year | 40/41 | €80,459 | €1,214 | -€79,245 | -98.5% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €80,459 | €214 | -€80,245 | -99.7% |
| Cash at bank and in hand | 54/58 | €45,245 | €131,267 | +€86,022 | +190.1% |
| Deferred charges and accrued income | 490/1 | €73,803 | €118,057 | +€44,254 | +60.0% |
| Total equity and liabilities | 10/49 | €560,359 | €603,426 | +€43,067 | +7.7% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €557,359 | €600,426 | +€43,067 | +7.7% |
| Amounts payable after more than one year | 17 | €377,323 | €348,533 | -€28,790 | -7.6% |
| Financial debts | 170/4 | €377,323 | €348,533 | -€28,790 | -7.6% |
| Amounts payable within one year | 42/48 | €180,037 | €251,893 | +€71,857 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €27,820 | €28,790 | +€970 | +3.5% |
| Trade debts | 44 | €91 | €600 | +€509 | +560.1% |
| Suppliers | 440/4 | €91 | €600 | +€509 | +560.1% |
| Taxes, remuneration and social security | 45 | - | €11,417 | +€11,417 | |
| Taxes | 450/3 | - | €8,917 | +€8,917 | |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €152,125 | €211,086 | +€58,961 | +38.8% |
| Remuneration, social security and pensions | 62 | €1,850 | €1,850 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,566 | €12,568 | +€2 | 0.0% |
| Other operating charges | 640/8 | €3,600 | €3,149 | -€452 | -12.5% |
| Gross operating margin | 9900 | €226,903 | €296,548 | +€69,645 | +30.7% |
| Operating profit (loss) | 9901 | €208,887 | €278,981 | +€70,094 | +33.6% |
| Financial income | 75/76B | €3,779 | - | -€3,779 | |
| Recurring financial income | 75 | €3,779 | - | -€3,779 | |
| Financial charges | 65/66B | €12,755 | €14,044 | +€1,289 | +10.1% |
| Recurring financial charges | 65 | €12,755 | €14,044 | +€1,289 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €199,911 | €264,937 | +€65,026 | +32.5% |
| Income taxes | 67/77 | €47,786 | €63,917 | +€16,132 | +33.8% |
| Profit (loss) for the period | 9904 | €152,125 | €201,019 | +€48,894 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €152,125 | €201,019 | +€48,894 | +32.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.