CARDIFF GROUP: 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.
CARDIFF GROUP
Largest movements
- Deferred charges and accrued income -€92,464
down €92,464 (-100%), from €92,464 to €0
- Cash +€8,288
up €8,288 (+444%), from €1,868 to €10,156
mainly Deferred charges and accrued income (+€92,464) and Debts after one year (+€9,690)
- Receivables within one year -€3,060
down €3,060 (-87.8%), from €3,486 to €426
of which Trade receivables: -€3,285
- Profit (loss) carried forward -€95,409
down €95,409 (-1.6%), from -€6.2m to -€6.2m
- Debts after one year +€9,690
up €9,690 (+0.8%), from €1.2m to €1.3m
- Trade debts -€1,917
down €1,917 (-91.8%), from €2,088 to €171
- Depreciation -€1.8m
down €1.8m (-100%), from €1.8m to €0
- Write-downs -€699,631
down €699,631 (-100%), from €699,631 to €0
- Gross operating margin +€259,616
up €259,616 (+95.8%), from -€271,062 to -€11,445
- Other operating charges +€67,521
up €67,521 (+444%), from €15,193 to €82,714
- Staff costs -€9,283
down €9,283 (-96.1%), from €9,660 to €377
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,217 | €10,582 | -€87,636 | -89.2% |
| Fixed assets | 21/28 | €400 | €0 | -€400 | -100% |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100% |
| Current assets | 29/58 | €97,817 | €10,582 | -€87,236 | -89.2% |
| Amounts receivable within one year | 40/41 | €3,486 | €426 | -€3,060 | -87.8% |
| Trade receivables | 40 | €3,285 | €0 | -€3,285 | -100% |
| Other amounts receivable | 41 | €201 | €426 | +€225 | +112% |
| Cash at bank and in hand | 54/58 | €1,868 | €10,156 | +€8,288 | +444% |
| Deferred charges and accrued income | 490/1 | €92,464 | €0 | -€92,464 | -100% |
| Total equity and liabilities | 10/49 | €98,217 | €10,582 | -€87,636 | -89.2% |
| Equity | 10/15 | -€1,148,624 | -€1,244,033 | -€95,409 | -8.3% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €3,064 | €3,064 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,064 | €1,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,151,688 | -€6,247,097 | -€95,409 | -1.6% |
| Amounts payable | 17/49 | €1,246,842 | €1,254,615 | +€7,773 | +0.6% |
| Amounts payable after more than one year | 17 | €1,244,754 | €1,254,444 | +€9,690 | +0.8% |
| Financial debts | 170/4 | €1,244,754 | €1,254,444 | +€9,690 | +0.8% |
| Amounts payable within one year | 42/48 | €2,088 | €171 | -€1,917 | -91.8% |
| Trade debts | 44 | €2,088 | €171 | -€1,917 | -91.8% |
| Suppliers | 440/4 | €2,088 | €171 | -€1,917 | -91.8% |
| Remuneration, social security and pensions | 62 | €9,660 | €377 | -€9,283 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,811,242 | €0 | -€1.8m | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €699,631 | €0 | -€699,631 | -100% |
| Other operating charges | 640/8 | €15,193 | €82,714 | +€67,521 | +444% |
| Gross operating margin | 9900 | -€271,062 | -€11,445 | +€259,616 | +95.8% |
| Operating profit (loss) | 9901 | -€2,806,787 | -€94,536 | +€2.7m | +96.6% |
| Financial income | 75/76B | €20 | €62 | +€42 | +204% |
| Recurring financial income | 75 | €20 | €62 | +€42 | +204% |
| Financial charges | 65/66B | €3,774 | €592 | -€3,182 | -84.3% |
| Recurring financial charges | 65 | €3,774 | €592 | -€3,182 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,810,540 | -€95,066 | +€2.7m | +96.6% |
| Income taxes | 67/77 | €787 | €343 | -€445 | -56.5% |
| Profit (loss) for the period | 9904 | -€2,811,328 | -€95,409 | +€2.7m | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,811,328 | -€95,409 | +€2.7m | +96.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.