CARDIGUE: 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.
CARDIGUE
Largest movements
- Cash -€45,929
down €45,929 (-79.3%), from €57,883 to €11,954
mainly Other debts (-€50,417) and Investment in fixed assets (net) (-€45,753)
- Tangible fixed assets +€30,092
up €30,092 (+10.0%), from €300,079 to €330,171
- Current investments -€20,000
down €20,000 (-16.7%), from €120,000 to €100,000
- Other debts -€50,417
down €50,417 (-13.7%), from €368,389 to €317,972
- Debts after one year +€14,315
up €14,315 (+68.3%), from €20,951 to €35,266
- Trade debts -€7,777
down €7,777 (-64.2%), from €12,110 to €4,333
- Profit (loss) carried forward +€6,012
up €6,012 (+21.3%), from -€28,257 to -€22,245
- Gross operating margin +€6,095
up €6,095 (+38.1%), from €16,017 to €22,112
- Depreciation +€4,448
up €4,448 (+39.7%), from €11,212 to €15,660
- Financial charges +€1,631
up €1,631 (+264.3%), from €617 to €2,249
- Financial income -€1,496
down €1,496 (-48.5%), from €3,087 to €1,591
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 | €481,245 | €444,959 | -€36,286 | -7.5% |
| Fixed assets | 21/28 | €300,079 | €330,171 | +€30,092 | +10.0% |
| Tangible fixed assets | 22/27 | €300,079 | €330,171 | +€30,092 | +10.0% |
| Land and buildings | 22 | €300,079 | €330,171 | +€30,092 | +10.0% |
| Current assets | 29/58 | €181,166 | €114,788 | -€66,378 | -36.6% |
| Amounts receivable within one year | 40/41 | €926 | €477 | -€449 | -48.5% |
| Other amounts receivable | 41 | €926 | €477 | -€449 | -48.5% |
| Current investments | 50/53 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €57,883 | €11,954 | -€45,929 | -79.3% |
| Deferred charges and accrued income | 490/1 | €2,357 | €2,357 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €481,245 | €444,959 | -€36,286 | -7.5% |
| Equity | 10/15 | €61,845 | €65,040 | +€3,195 | +5.2% |
| Contributions | 10/11 | €63,987 | €63,987 | = | 0.0% |
| Capital | 10 | €63,987 | €63,987 | = | 0.0% |
| Issued capital | 100 | €63,987 | €63,987 | = | 0.0% |
| Reserves | 13 | €26,115 | €23,298 | -€2,817 | -10.8% |
| Non-distributable reserves | 130/1 | €6,399 | €6,399 | = | 0.0% |
| Legal reserve | 130 | €6,399 | €6,399 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,716 | €16,900 | -€2,817 | -14.3% |
| Profit (loss) carried forward | 14 | -€28,257 | -€22,245 | +€6,012 | +21.3% |
| Provisions and deferred taxes | 16 | €12,606 | €10,805 | -€1,801 | -14.3% |
| Deferred taxes | 168 | €12,606 | €10,805 | -€1,801 | -14.3% |
| Amounts payable | 17/49 | €406,795 | €369,114 | -€37,680 | -9.3% |
| Amounts payable after more than one year | 17 | €20,951 | €35,266 | +€14,315 | +68.3% |
| Financial debts | 170/4 | €20,951 | €35,266 | +€14,315 | +68.3% |
| Amounts payable within one year | 42/48 | €385,816 | €331,722 | -€54,093 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €5,317 | €9,417 | +€4,100 | +77.1% |
| Trade debts | 44 | €12,110 | €4,333 | -€7,777 | -64.2% |
| Suppliers | 440/4 | €12,110 | €4,333 | -€7,777 | -64.2% |
| Other amounts payable | 47/48 | €368,389 | €317,972 | -€50,417 | -13.7% |
| Accrued charges and deferred income | 492/3 | €28 | €2,126 | +€2,098 | +7402.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,212 | €15,660 | +€4,448 | +39.7% |
| Other operating charges | 640/8 | €4,258 | €4,400 | +€142 | +3.3% |
| Gross operating margin | 9900 | €16,017 | €22,112 | +€6,095 | +38.1% |
| Operating profit (loss) | 9901 | €547 | €2,052 | +€1,505 | +275.2% |
| Financial income | 75/76B | €3,087 | €1,591 | -€1,496 | -48.5% |
| Recurring financial income | 75 | €3,087 | €1,591 | -€1,496 | -48.5% |
| Financial charges | 65/66B | €617 | €2,249 | +€1,631 | +264.3% |
| Recurring financial charges | 65 | €617 | €2,249 | +€1,631 | +264.3% |
| Profit (loss) for the period before taxes | 9903 | €3,017 | €1,394 | -€1,622 | -53.8% |
| Transfer from deferred taxes | 780 | €1,801 | €1,801 | = | 0.0% |
| Profit (loss) for the period | 9904 | €4,817 | €3,195 | -€1,622 | -33.7% |
| Transfer from tax-exempt reserves | 789 | €2,817 | €2,817 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,634 | €6,012 | -€1,622 | -21.2% |
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 8 October 2026 via checked.be.