Cardicted: 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.
Cardicted
Largest movements
- Receivables within one year +€75,515
up €75,515 (+408.2%), from €18,500 to €94,015
of which Trade receivables: +€75,298
- Stocks and contracts +€25,221
up €25,221 (+62.8%), from €40,155 to €65,375
- Cash +€7,060
up €7,060 (+41.8%), from €16,901 to €23,961
mainly Trade debts (+€67,573) and Other debts (+€38,888)
- Trade debts +€67,573
up €67,573 (+1128.6%), from €5,987 to €73,560
- Other debts +€38,888
up €38,888 (+202.6%), from €19,192 to €58,080
- Reserves +€19,082
new in 2025: €19,082
- Debts after one year -€14,257
no longer reported in 2025 (was €14,257)
- Current portion of long-term debt -€8,678
down €8,678 (-37.8%), from €22,935 to €14,257
- Gross operating margin +€61,778
up €61,778, from -€17,809 to €43,969
- Other operating charges +€7,937
up €7,937 (+269.8%), from €2,942 to €10,879
- Taxes +€1,541
up €1,541 (+365.7%), from €421 to €1,963
- Financial charges -€1,299
down €1,299 (-17.0%), from €7,619 to €6,321
- Write-downs +€1,032
new in 2025: €1,032
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 | €82,625 | €192,911 | +€110,286 | +133.5% |
| Fixed assets | 21/28 | €6,429 | €7,692 | +€1,264 | +19.7% |
| Tangible fixed assets | 22/27 | €5,929 | €7,192 | +€1,264 | +21.3% |
| Plant, machinery and equipment | 23 | €1,662 | €3,888 | +€2,226 | +133.9% |
| Furniture and vehicles | 24 | €3,008 | €2,361 | -€647 | -21.5% |
| Other tangible fixed assets | 26 | €1,259 | €944 | -€315 | -25.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €76,197 | €185,219 | +€109,023 | +143.1% |
| Stocks and contracts in progress | 3 | €40,155 | €65,375 | +€25,221 | +62.8% |
| Stocks | 30/36 | €40,155 | €65,375 | +€25,221 | +62.8% |
| Amounts receivable within one year | 40/41 | €18,500 | €94,015 | +€75,515 | +408.2% |
| Trade receivables | 40 | €18,500 | €93,798 | +€75,298 | +407.0% |
| Other amounts receivable | 41 | - | €217 | +€217 | |
| Cash at bank and in hand | 54/58 | €16,901 | €23,961 | +€7,060 | +41.8% |
| Deferred charges and accrued income | 490/1 | €641 | €1,868 | +€1,227 | +191.5% |
| Total equity and liabilities | 10/49 | €82,625 | €192,911 | +€110,286 | +133.5% |
| Equity | 10/15 | €16,822 | €37,632 | +€20,811 | +123.7% |
| Contributions | 10/11 | €18,200 | €18,550 | +€350 | +1.9% |
| Reserves | 13 | - | €19,082 | +€19,082 | |
| Distributable reserves | 133 | - | €19,082 | +€19,082 | |
| Profit (loss) carried forward | 14 | -€1,378 | - | +€1,378 | |
| Amounts payable | 17/49 | €65,804 | €155,279 | +€89,476 | +136.0% |
| Amounts payable after more than one year | 17 | €14,257 | - | -€14,257 | |
| Financial debts | 170/4 | €14,257 | - | -€14,257 | |
| Amounts payable within one year | 42/48 | €51,547 | €155,279 | +€103,732 | +201.2% |
| Current portion of amounts payable after more than one year | 42 | €22,935 | €14,257 | -€8,678 | -37.8% |
| Trade debts | 44 | €5,987 | €73,560 | +€67,573 | +1128.6% |
| Suppliers | 440/4 | €5,987 | €73,560 | +€67,573 | +1128.6% |
| Taxes, remuneration and social security | 45 | €3,432 | €9,383 | +€5,951 | +173.4% |
| Taxes | 450/3 | €3,432 | €9,383 | +€5,951 | +173.4% |
| Other amounts payable | 47/48 | €19,192 | €58,080 | +€38,888 | +202.6% |
| Non-recurring operating income | 76A | €35 | €26,015 | +€25,980 | +73701.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,434 | €3,319 | -€115 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,032 | +€1,032 | |
| Other operating charges | 640/8 | €2,942 | €10,879 | +€7,937 | +269.8% |
| Gross operating margin | 9900 | -€17,809 | €43,969 | +€61,778 | |
| Operating profit (loss) | 9901 | -€24,184 | €28,739 | +€52,924 | |
| Financial income | 75/76B | €34 | €5 | -€29 | -85.4% |
| Recurring financial income | 75 | €34 | €5 | -€29 | -85.4% |
| Financial charges | 65/66B | €7,619 | €6,321 | -€1,299 | -17.0% |
| Recurring financial charges | 65 | €7,619 | €6,321 | -€1,299 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,770 | €22,423 | +€54,193 | |
| Income taxes | 67/77 | €421 | €1,963 | +€1,541 | +365.7% |
| Profit (loss) for the period | 9904 | -€32,191 | €20,461 | +€52,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,191 | €20,461 | +€52,652 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.