CARDIM: 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.
CARDIM
Largest movements
- Cash -€22,796
down €22,796 (-51.0%), from €44,677 to €21,881
mainly Other debts (-€36,920) and Investment in fixed assets (net) (-€12,856)
- Tangible fixed assets -€12,448
down €12,448 (-1.1%), from €1.2m to €1.2m
of which Land and buildings: -€13,936
- Other debts -€36,920
down €36,920 (-4.4%), from €831,627 to €794,708
- Profit (loss) carried forward +€12,512
up €12,512 (+5.2%), from €239,307 to €251,819
- Gross operating margin -€82,366
down €82,366 (-60.9%), from €135,186 to €52,820
- Taxes -€20,120
down €20,120 (-77.6%), from €25,943 to €5,822
- Other operating charges -€1,374
down €1,374 (-13.3%), from €10,342 to €8,968
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 | €1,226,814 | €1,195,747 | -€31,067 | -2.5% |
| Fixed assets | 21/28 | €1,182,137 | €1,169,688 | -€12,448 | -1.1% |
| Tangible fixed assets | 22/27 | €1,182,137 | €1,169,688 | -€12,448 | -1.1% |
| Land and buildings | 22 | €420,886 | €406,950 | -€13,936 | -3.3% |
| Furniture and vehicles | 24 | €14,182 | €9,316 | -€4,865 | -34.3% |
| Other tangible fixed assets | 26 | €747,069 | €753,422 | +€6,353 | +0.9% |
| Current assets | 29/58 | €44,677 | €26,058 | -€18,619 | -41.7% |
| Amounts receivable within one year | 40/41 | - | €4,178 | +€4,178 | |
| Other amounts receivable | 41 | - | €4,178 | +€4,178 | |
| Cash at bank and in hand | 54/58 | €44,677 | €21,881 | -€22,796 | -51.0% |
| Total equity and liabilities | 10/49 | €1,226,814 | €1,195,747 | -€31,067 | -2.5% |
| Equity | 10/15 | €384,311 | €396,823 | +€12,512 | +3.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €45,004 | €45,004 | = | 0.0% |
| Distributable reserves | 133 | €45,004 | €45,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,307 | €251,819 | +€12,512 | +5.2% |
| Amounts payable | 17/49 | €842,503 | €798,924 | -€43,579 | -5.2% |
| Amounts payable within one year | 42/48 | €841,521 | €798,924 | -€42,597 | -5.1% |
| Trade debts | 44 | €3,951 | €4,216 | +€265 | +6.7% |
| Suppliers | 440/4 | €3,951 | €4,216 | +€265 | +6.7% |
| Taxes, remuneration and social security | 45 | €5,943 | - | -€5,943 | |
| Taxes | 450/3 | €5,943 | - | -€5,943 | |
| Other amounts payable | 47/48 | €831,627 | €794,708 | -€36,920 | -4.4% |
| Accrued charges and deferred income | 492/3 | €982 | - | -€982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,167 | €25,304 | +€1,137 | +4.7% |
| Other operating charges | 640/8 | €10,342 | €8,968 | -€1,374 | -13.3% |
| Gross operating margin | 9900 | €135,186 | €52,820 | -€82,366 | -60.9% |
| Operating profit (loss) | 9901 | €100,677 | €18,548 | -€82,129 | -81.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7500.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7500.0% |
| Financial charges | 65/66B | €814 | €214 | -€599 | -73.7% |
| Recurring financial charges | 65 | €814 | €214 | -€599 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €99,863 | €18,334 | -€81,529 | -81.6% |
| Income taxes | 67/77 | €25,943 | €5,822 | -€20,120 | -77.6% |
| Profit (loss) for the period | 9904 | €73,921 | €12,512 | -€61,409 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,921 | €12,512 | -€61,409 | -83.1% |
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.