CARDIS CONSTRUCT: 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.
CARDIS CONSTRUCT
Largest movements
- Receivables within one year +€7,506
up €7,506 (+190.6%), from €3,939 to €11,445
- Cash -€7,450
down €7,450 (-63.6%), from €11,715 to €4,266
mainly Debts after one year (-€25,056) and Investment in fixed assets (net) (-€8,588)
- Debts after one year -€25,056
down €25,056 (-27.8%), from €89,982 to €64,926
- Profit (loss) carried forward +€14,563
up €14,563 (+4.9%), from -€295,690 to -€281,126
- Tax, wage and social debts +€7,267
up €7,267 (+91.0%), from €7,990 to €15,257
- Gross operating margin -€8,787
down €8,787 (-20.1%), from €43,732 to €34,944
- Financial charges +€1,107
up €1,107 (+56.7%), from €1,952 to €3,058
- Depreciation +€868
up €868 (+31.7%), from €2,739 to €3,607
- Taxes -€723
down €723 (-9.0%), from €7,990 to €7,267
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 | €539,190 | €544,232 | +€5,043 | +0.9% |
| Fixed assets | 21/28 | €523,355 | €528,336 | +€4,981 | +1.0% |
| Tangible fixed assets | 22/27 | €523,231 | €528,212 | +€4,981 | +1.0% |
| Land and buildings | 22 | €520,391 | €520,391 | = | 0.0% |
| Furniture and vehicles | 24 | €1,264 | €6,591 | +€5,327 | +421.4% |
| Other tangible fixed assets | 26 | €1,576 | €1,230 | -€346 | -22.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €15,835 | €15,897 | +€62 | +0.4% |
| Amounts receivable within one year | 40/41 | €3,939 | €11,445 | +€7,506 | +190.6% |
| Other amounts receivable | 41 | €3,939 | €11,445 | +€7,506 | +190.6% |
| Cash at bank and in hand | 54/58 | €11,715 | €4,266 | -€7,450 | -63.6% |
| Deferred charges and accrued income | 490/1 | €181 | €187 | +€6 | +3.2% |
| Total equity and liabilities | 10/49 | €539,190 | €544,232 | +€5,043 | +0.9% |
| Equity | 10/15 | €371,843 | €386,406 | +€14,563 | +3.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Revaluation surpluses | 12 | €574,459 | €574,459 | = | 0.0% |
| Reserves | 13 | €68,284 | €68,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,805 | €65,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,690 | -€281,126 | +€14,563 | +4.9% |
| Amounts payable | 17/49 | €167,347 | €157,826 | -€9,520 | -5.7% |
| Amounts payable after more than one year | 17 | €89,982 | €64,926 | -€25,056 | -27.8% |
| Financial debts | 170/4 | €89,982 | €64,926 | -€25,056 | -27.8% |
| Amounts payable within one year | 42/48 | €77,364 | €92,900 | +€15,536 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €21,920 | €23,279 | +€1,360 | +6.2% |
| Trade debts | 44 | €26,404 | €31,804 | +€5,401 | +20.5% |
| Suppliers | 440/4 | €26,404 | €31,804 | +€5,401 | +20.5% |
| Taxes, remuneration and social security | 45 | €7,990 | €15,257 | +€7,267 | +91.0% |
| Taxes | 450/3 | €7,990 | €15,257 | +€7,267 | +91.0% |
| Other amounts payable | 47/48 | €21,051 | €22,560 | +€1,509 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,739 | €3,607 | +€868 | +31.7% |
| Other operating charges | 640/8 | €6,671 | €6,449 | -€222 | -3.3% |
| Gross operating margin | 9900 | €43,732 | €34,944 | -€8,787 | -20.1% |
| Operating profit (loss) | 9901 | €34,322 | €24,888 | -€9,434 | -27.5% |
| Financial charges | 65/66B | €1,952 | €3,058 | +€1,107 | +56.7% |
| Recurring financial charges | 65 | €1,952 | €3,058 | +€1,107 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €32,370 | €21,830 | -€10,540 | -32.6% |
| Income taxes | 67/77 | €7,990 | €7,267 | -€723 | -9.0% |
| Profit (loss) for the period | 9904 | €24,380 | €14,563 | -€9,817 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,380 | €14,563 | -€9,817 | -40.3% |
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 29 September 2026 via checked.be.