CARDON OPTICS: 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.
CARDON OPTICS
Largest movements
- Tangible fixed assets -€15,675
down €15,675 (-42.1%), from €37,222 to €21,547
of which Furniture and vehicles: -€14,538
- Cash -€3,625
down €3,625 (-26.7%), from €13,569 to €9,944
mainly Net result for the year (-€11,553) and Current portion of long-term debt (-€6,865)
- Receivables within one year +€3,264
up €3,264 (+3.1%), from €106,666 to €109,930
of which Other amounts receivable: +€2,897
- Profit (loss) carried forward -€11,553
down €11,553 (-18.2%), from €63,447 to €51,894
- Current portion of long-term debt -€6,865
down €6,865 (-100%), from €6,865 to €0
- Trade debts +€1,781
up €1,781 (+40.3%), from €4,421 to €6,202
- Other operating charges +€13,151
up €13,151 (+864%), from €1,523 to €14,674
- Gross operating margin +€5,766
up €5,766 (+12.4%), from €46,686 to €52,452
- Staff costs +€5,623
up €5,623 (+21.5%), from €26,099 to €31,721
- Financial charges +€1,110
up €1,110 (+173%), from €642 to €1,752
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 | €157,457 | €141,421 | -€16,036 | -10.2% |
| Fixed assets | 21/28 | €37,222 | €21,547 | -€15,675 | -42.1% |
| Tangible fixed assets | 22/27 | €37,222 | €21,547 | -€15,675 | -42.1% |
| Plant, machinery and equipment | 23 | €1,220 | €83 | -€1,137 | -93.2% |
| Furniture and vehicles | 24 | €36,002 | €21,464 | -€14,538 | -40.4% |
| Current assets | 29/58 | €120,235 | €119,874 | -€361 | -0.3% |
| Amounts receivable within one year | 40/41 | €106,666 | €109,930 | +€3,264 | +3.1% |
| Trade receivables | 40 | €16,722 | €17,089 | +€367 | +2.2% |
| Other amounts receivable | 41 | €89,944 | €92,841 | +€2,897 | +3.2% |
| Cash at bank and in hand | 54/58 | €13,569 | €9,944 | -€3,625 | -26.7% |
| Total equity and liabilities | 10/49 | €157,457 | €141,421 | -€16,036 | -10.2% |
| Equity | 10/15 | €133,298 | €121,745 | -€11,553 | -8.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €8,351 | €8,351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €0 | -€6,150 | -100% |
| Other | 1319 | - | €6,150 | +€6,150 | |
| Distributable reserves | 133 | €2,201 | €2,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,447 | €51,894 | -€11,553 | -18.2% |
| Amounts payable | 17/49 | €24,159 | €19,676 | -€4,483 | -18.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €24,159 | €19,676 | -€4,483 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €6,865 | €0 | -€6,865 | -100% |
| Trade debts | 44 | €4,421 | €6,202 | +€1,781 | +40.3% |
| Suppliers | 440/4 | €4,421 | €6,202 | +€1,781 | +40.3% |
| Taxes, remuneration and social security | 45 | €12,872 | €13,474 | +€601 | +4.7% |
| Taxes | 450/3 | €12,872 | €13,474 | +€601 | +4.7% |
| Remuneration, social security and pensions | 62 | €26,099 | €31,721 | +€5,623 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,800 | €15,675 | -€126 | -0.8% |
| Other operating charges | 640/8 | €1,523 | €14,674 | +€13,151 | +864% |
| Gross operating margin | 9900 | €46,686 | €52,452 | +€5,766 | +12.4% |
| Operating profit (loss) | 9901 | €3,264 | -€9,618 | -€12,882 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +14.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +14.3% |
| Financial charges | 65/66B | €642 | €1,752 | +€1,110 | +173% |
| Recurring financial charges | 65 | €642 | €1,752 | +€1,110 | +173% |
| Profit (loss) for the period before taxes | 9903 | €2,622 | -€11,370 | -€13,992 | |
| Income taxes | 67/77 | €421 | €184 | -€237 | -56.4% |
| Profit (loss) for the period | 9904 | €2,201 | -€11,553 | -€13,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,201 | -€11,553 | -€13,755 |
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 19 October 2026 via checked.be.