CARDINAELS JACKY: 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.
CARDINAELS JACKY
Largest movements
- Tangible fixed assets +€68,079
up €68,079 (+5.6%), from €1.2m to €1.3m
of which Leasing and similar rights: +€93,737
- Stocks and contracts +€34,717
up €34,717 (+48.7%), from €71,251 to €105,969
- Cash +€19,284
up €19,284 (+38.3%), from €50,306 to €69,591
mainly Depreciation (+€135,090) and Current portion of long-term debt (+€65,706)
- Current portion of long-term debt +€65,706
up €65,706 (+28.3%), from €232,032 to €297,738
- Reserves +€54,664
up €54,664 (+14.3%), from €383,544 to €438,208
- Trade debts +€18,414
up €18,414 (+26.2%), from €70,182 to €88,596
- Debts after one year -€17,410
down €17,410 (-2.4%), from €721,962 to €704,552
- Other operating charges -€41,574
down €41,574 (-72.3%), from €57,527 to €15,953
- Staff costs +€40,234
up €40,234 (+28.9%), from €139,184 to €179,418
- Gross operating margin +€36,624
up €36,624 (+8.8%), from €416,458 to €453,082
- Depreciation -€15,092
down €15,092 (-10.0%), from €150,182 to €135,090
- Taxes +€12,860
up €12,860 (+171%), from €7,540 to €20,400
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.
Derived cash bridge
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 | €1,527,023 | €1,634,794 | +€107,772 | +7.1% |
| Fixed assets | 21/28 | €1,211,897 | €1,279,977 | +€68,079 | +5.6% |
| Tangible fixed assets | 22/27 | €1,211,897 | €1,279,977 | +€68,079 | +5.6% |
| Land and buildings | 22 | €1,058,674 | €1,010,085 | -€48,589 | -4.6% |
| Plant, machinery and equipment | 23 | €26,261 | €48,559 | +€22,298 | +84.9% |
| Furniture and vehicles | 24 | €4,574 | €5,208 | +€634 | +13.9% |
| Leasing and similar rights | 25 | €122,388 | €216,125 | +€93,737 | +76.6% |
| Current assets | 29/58 | €315,125 | €354,818 | +€39,692 | +12.6% |
| Stocks and contracts in progress | 3 | €71,251 | €105,969 | +€34,717 | +48.7% |
| Stocks | 30/36 | €71,251 | €105,969 | +€34,717 | +48.7% |
| Amounts receivable within one year | 40/41 | €149,602 | €138,093 | -€11,509 | -7.7% |
| Trade receivables | 40 | €142,141 | €135,611 | -€6,531 | -4.6% |
| Other amounts receivable | 41 | €7,460 | €2,482 | -€4,978 | -66.7% |
| Cash at bank and in hand | 54/58 | €50,306 | €69,591 | +€19,284 | +38.3% |
| Deferred charges and accrued income | 490/1 | €43,966 | €41,165 | -€2,800 | -6.4% |
| Total equity and liabilities | 10/49 | €1,527,023 | €1,634,794 | +€107,772 | +7.1% |
| Equity | 10/15 | €427,144 | €481,808 | +€54,664 | +12.8% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €383,544 | €438,208 | +€54,664 | +14.3% |
| Distributable reserves | 133 | €383,544 | €438,208 | +€54,664 | +14.3% |
| Amounts payable | 17/49 | €1,099,879 | €1,152,987 | +€53,108 | +4.8% |
| Amounts payable after more than one year | 17 | €721,962 | €704,552 | -€17,410 | -2.4% |
| Financial debts | 170/4 | €721,962 | €704,552 | -€17,410 | -2.4% |
| Amounts payable within one year | 42/48 | €377,046 | €447,187 | +€70,141 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €232,032 | €297,738 | +€65,706 | +28.3% |
| Financial debts | 43 | €5,071 | €5,046 | -€25 | -0.5% |
| Credit institutions | 430/8 | €5,071 | €5,046 | -€25 | -0.5% |
| Trade debts | 44 | €70,182 | €88,596 | +€18,414 | +26.2% |
| Suppliers | 440/4 | €70,182 | €88,596 | +€18,414 | +26.2% |
| Taxes, remuneration and social security | 45 | €24,691 | €25,178 | +€486 | +2.0% |
| Taxes | 450/3 | €9,774 | €6,490 | -€3,284 | -33.6% |
| Remuneration and social security | 454/9 | €14,917 | €18,687 | +€3,770 | +25.3% |
| Other amounts payable | 47/48 | €45,069 | €30,628 | -€14,441 | -32.0% |
| Accrued charges and deferred income | 492/3 | €871 | €1,248 | +€377 | +43.3% |
| Remuneration, social security and pensions | 62 | €139,184 | €179,418 | +€40,234 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,182 | €135,090 | -€15,092 | -10.0% |
| Other operating charges | 640/8 | €57,527 | €15,953 | -€41,574 | -72.3% |
| Gross operating margin | 9900 | €416,458 | €453,082 | +€36,624 | +8.8% |
| Operating profit (loss) | 9901 | €69,565 | €122,620 | +€53,055 | +76.3% |
| Financial income | 75/76B | €39 | €850 | +€811 | +2,093% |
| Recurring financial income | 75 | €39 | €850 | +€811 | +2,093% |
| Financial charges | 65/66B | €49,992 | €48,406 | -€1,585 | -3.2% |
| Recurring financial charges | 65 | €49,992 | €48,406 | -€1,585 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €19,612 | €75,064 | +€55,452 | +283% |
| Income taxes | 67/77 | €7,540 | €20,400 | +€12,860 | +171% |
| Profit (loss) for the period | 9904 | €12,072 | €54,664 | +€42,592 | +353% |
| Profit (loss) for the period to be appropriated | 9905 | €12,072 | €54,664 | +€42,592 | +353% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.