CARDON-ISOCONSTRUCT: what changed
CARDON-ISOCONSTRUCT
Largest movements
- Receivables within one year +€27,010
up €27,010 (+88.4%), from €30,555 to €57,565
of which Trade receivables: +€15,822
- Cash -€18,470
down €18,470 (-91.3%), from €20,232 to €1,762
mainly Receivables within one year (-€27,010) and Tax, wage and social debts (-€1,085)
- Tangible fixed assets -€10,011
down €10,011 (-56.4%), from €17,752 to €7,741
of which Furniture and vehicles: -€8,246
- Tax, wage and social debts -€1,085
down €1,085 (-13.0%), from €8,373 to €7,287
of which Taxes: -€3,036
- Other operating charges -€5,673
down €5,673 (-55.9%), from €10,144 to €4,471
- Gross operating margin -€3,438
down €3,438 (-17.7%), from €19,473 to €16,034
- Depreciation +€1,495
up €1,495 (+17.6%), from €8,516 to €10,011
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,840 | €67,577 | -€1,263 | -1.8% |
| Fixed assets | 21/28 | €18,052 | €8,041 | -€10,011 | -55.5% |
| Tangible fixed assets | 22/27 | €17,752 | €7,741 | -€10,011 | -56.4% |
| Plant, machinery and equipment | 23 | €2,340 | €1,174 | -€1,166 | -49.8% |
| Furniture and vehicles | 24 | €13,266 | €5,020 | -€8,246 | -62.2% |
| Other tangible fixed assets | 26 | €2,147 | €1,548 | -€599 | -27.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €50,788 | €59,535 | +€8,748 | +17.2% |
| Amounts receivable within one year | 40/41 | €30,555 | €57,565 | +€27,010 | +88.4% |
| Trade receivables | 40 | €17,852 | €33,674 | +€15,822 | +88.6% |
| Other amounts receivable | 41 | €12,703 | €23,890 | +€11,187 | +88.1% |
| Cash at bank and in hand | 54/58 | €20,232 | €1,762 | -€18,470 | -91.3% |
| Deferred charges and accrued income | 490/1 | - | €208 | +€208 | |
| Total equity and liabilities | 10/49 | €68,840 | €67,577 | -€1,263 | -1.8% |
| Equity | 10/15 | €45,604 | €45,966 | +€362 | +0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,204 | €33,566 | +€362 | +1.1% |
| Non-distributable reserves | 130/1 | €956 | €956 | = | 0.0% |
| Reserves not available under the articles | 1311 | €956 | €956 | = | 0.0% |
| Distributable reserves | 133 | €32,248 | €32,610 | +€362 | +1.1% |
| Amounts payable | 17/49 | €23,236 | €21,611 | -€1,625 | -7.0% |
| Amounts payable within one year | 42/48 | €23,236 | €21,611 | -€1,625 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €14,863 | €14,324 | -€540 | -3.6% |
| Suppliers | 440/4 | €14,863 | €14,324 | -€540 | -3.6% |
| Taxes, remuneration and social security | 45 | €8,373 | €7,287 | -€1,085 | -13.0% |
| Taxes | 450/3 | €4,687 | €1,652 | -€3,036 | -64.8% |
| Remuneration and social security | 454/9 | €3,686 | €5,636 | +€1,950 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,516 | €10,011 | +€1,495 | +17.6% |
| Other operating charges | 640/8 | €10,144 | €4,471 | -€5,673 | -55.9% |
| Gross operating margin | 9900 | €19,473 | €16,034 | -€3,438 | -17.7% |
| Operating profit (loss) | 9901 | €813 | €1,553 | +€739 | +90.9% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €597 | €772 | +€175 | +29.3% |
| Recurring financial charges | 65 | €597 | €772 | +€175 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €216 | €803 | +€588 | +272% |
| Income taxes | 67/77 | €551 | €442 | -€109 | -19.8% |
| Profit (loss) for the period | 9904 | -€335 | €362 | +€697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€335 | €362 | +€697 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.