Cardrona: 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.
Cardrona
Largest movements
- Cash +€31,731
up €31,731 (+231.9%), from €13,685 to €45,416
mainly Net result for the year (+€45,436) and Other debts (+€38,166)
- Tangible fixed assets -€6,372
down €6,372 (-24.1%), from €26,393 to €20,022
of which Furniture and vehicles: -€5,800
- Receivables within one year -€2,983
down €2,983 (-26.8%), from €11,126 to €8,143
of which Trade receivables: -€10,000
- Deferred charges and accrued income +€2,547
up €2,547 (+617.7%), from €412 to €2,960
- Other debts +€38,166
up €38,166 (+261.8%), from €14,579 to €52,745
- Current portion of long-term debt -€9,587
down €9,587 (-65.6%), from €14,608 to €5,020
- Debts after one year -€5,020
no longer reported in 2025 (was €5,020)
- Trade debts +€810
up €810 (+30.9%), from €2,620 to €3,430
- Gross operating margin +€31,791
up €31,791 (+129.1%), from €24,633 to €56,425
- Financial income +€1,245
new in 2025: €1,245
- Depreciation -€1,192
down €1,192 (-15.8%), from €7,563 to €6,372
- Financial charges +€654
up €654 (+84.7%), from €772 to €1,427
- Taxes -€642
down €642 (-17.7%), from €3,624 to €2,983
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 | €51,616 | €76,540 | +€24,924 | +48.3% |
| Fixed assets | 21/28 | €26,393 | €20,022 | -€6,372 | -24.1% |
| Tangible fixed assets | 22/27 | €26,393 | €20,022 | -€6,372 | -24.1% |
| Plant, machinery and equipment | 23 | €1,382 | €810 | -€572 | -41.4% |
| Furniture and vehicles | 24 | €25,012 | €19,212 | -€5,800 | -23.2% |
| Current assets | 29/58 | €25,223 | €56,519 | +€31,296 | +124.1% |
| Amounts receivable within one year | 40/41 | €11,126 | €8,143 | -€2,983 | -26.8% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €1,126 | €8,143 | +€7,017 | +623.3% |
| Cash at bank and in hand | 54/58 | €13,685 | €45,416 | +€31,731 | +231.9% |
| Deferred charges and accrued income | 490/1 | €412 | €2,960 | +€2,547 | +617.7% |
| Total equity and liabilities | 10/49 | €51,616 | €76,540 | +€24,924 | +48.3% |
| Equity | 10/15 | €12,390 | €12,293 | -€97 | -0.8% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €11,190 | €11,093 | -€97 | -0.9% |
| Distributable reserves | 133 | €11,190 | €11,093 | -€97 | -0.9% |
| Amounts payable | 17/49 | €39,226 | €64,248 | +€25,021 | +63.8% |
| Amounts payable after more than one year | 17 | €5,020 | - | -€5,020 | |
| Financial debts | 170/4 | €5,020 | - | -€5,020 | |
| Amounts payable within one year | 42/48 | €34,206 | €63,495 | +€29,289 | +85.6% |
| Current portion of amounts payable after more than one year | 42 | €14,608 | €5,020 | -€9,587 | -65.6% |
| Trade debts | 44 | €2,620 | €3,430 | +€810 | +30.9% |
| Suppliers | 440/4 | €2,620 | €3,430 | +€810 | +30.9% |
| Taxes, remuneration and social security | 45 | €2,400 | €2,300 | -€100 | -4.2% |
| Taxes | 450/3 | €2,400 | €2,300 | -€100 | -4.2% |
| Other amounts payable | 47/48 | €14,579 | €52,745 | +€38,166 | +261.8% |
| Accrued charges and deferred income | 492/3 | - | €753 | +€753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,563 | €6,372 | -€1,192 | -15.8% |
| Other operating charges | 640/8 | €951 | €1,452 | +€502 | +52.8% |
| Gross operating margin | 9900 | €24,633 | €56,425 | +€31,791 | +129.1% |
| Operating profit (loss) | 9901 | €16,119 | €48,600 | +€32,481 | +201.5% |
| Financial income | 75/76B | - | €1,245 | +€1,245 | |
| Recurring financial income | 75 | - | €1,245 | +€1,245 | |
| Financial charges | 65/66B | €772 | €1,427 | +€654 | +84.7% |
| Recurring financial charges | 65 | €772 | €1,427 | +€654 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €15,347 | €48,419 | +€33,072 | +215.5% |
| Income taxes | 67/77 | €3,624 | €2,983 | -€642 | -17.7% |
| Profit (loss) for the period | 9904 | €11,723 | €45,436 | +€33,713 | +287.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,723 | €45,436 | +€33,713 | +287.6% |
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 12 October 2026 via checked.be.