CARDUS: 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.
CARDUS
Largest movements
- Cash +€297,204
up €297,204 (+50.4%), from €589,118 to €886,322
mainly Net result for the year (+€418,374) and Tax, wage and social debts (+€124,609)
- Receivables within one year -€45,407
down €45,407 (-19.5%), from €232,582 to €187,175
- Tangible fixed assets -€37,725
down €37,725 (-32.5%), from €115,926 to €78,201
of which Plant, machinery and equipment: -€28,012
- Stocks and contracts +€18,349
new in 2024: €18,349
- Profit (loss) carried forward +€418,374
up €418,374 (+482.0%), from €86,793 to €505,168
- Debts after one year -€225,000
down €225,000 (-60.1%), from €374,600 to €149,600
- Trade debts -€131,439
down €131,439 (-42.2%), from €311,426 to €179,987
- Tax, wage and social debts +€124,609
up €124,609 (+167.3%), from €74,471 to €199,080
of which Taxes: +€121,698
- Other debts +€35,679
up €35,679 (+17.6%), from €203,066 to €238,744
- Gross operating margin +€399,472
up €399,472 (+58.7%), from €680,196 to €1.1m
- Taxes +€124,375
up €124,375 (+397.0%), from €31,325 to €155,699
- Staff costs +€36,260
up €36,260 (+11.1%), from €325,392 to €361,652
- Financial charges +€27,572
up €27,572 (+104.3%), from €26,425 to €53,997
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,083,856 | €1,308,388 | +€224,532 | +20.7% |
| Fixed assets | 21/28 | €239,185 | €195,010 | -€44,175 | -18.5% |
| Intangible fixed assets | 21 | €33,787 | €28,787 | -€5,000 | -14.8% |
| Tangible fixed assets | 22/27 | €115,926 | €78,201 | -€37,725 | -32.5% |
| Plant, machinery and equipment | 23 | €86,131 | €58,120 | -€28,012 | -32.5% |
| Furniture and vehicles | 24 | €6,161 | €3,354 | -€2,806 | -45.6% |
| Other tangible fixed assets | 26 | €23,634 | €16,726 | -€6,907 | -29.2% |
| Financial fixed assets | 28 | €89,472 | €88,022 | -€1,450 | -1.6% |
| Current assets | 29/58 | €844,671 | €1,113,378 | +€268,708 | +31.8% |
| Stocks and contracts in progress | 3 | - | €18,349 | +€18,349 | |
| Stocks | 30/36 | - | €18,349 | +€18,349 | |
| Amounts receivable within one year | 40/41 | €232,582 | €187,175 | -€45,407 | -19.5% |
| Trade receivables | 40 | €232,582 | €187,175 | -€45,407 | -19.5% |
| Cash at bank and in hand | 54/58 | €589,118 | €886,322 | +€297,204 | +50.4% |
| Deferred charges and accrued income | 490/1 | €22,971 | €21,532 | -€1,439 | -6.3% |
| Total equity and liabilities | 10/49 | €1,083,856 | €1,308,388 | +€224,532 | +20.7% |
| Equity | 10/15 | €106,793 | €525,168 | +€418,374 | +391.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,793 | €505,168 | +€418,374 | +482.0% |
| Amounts payable | 17/49 | €977,063 | €783,221 | -€193,842 | -19.8% |
| Amounts payable after more than one year | 17 | €374,600 | €149,600 | -€225,000 | -60.1% |
| Financial debts | 170/4 | €374,600 | €149,600 | -€225,000 | -60.1% |
| Amounts payable within one year | 42/48 | €588,963 | €617,811 | +€28,849 | +4.9% |
| Trade debts | 44 | €311,426 | €179,987 | -€131,439 | -42.2% |
| Suppliers | 440/4 | €311,426 | €179,987 | -€131,439 | -42.2% |
| Taxes, remuneration and social security | 45 | €74,471 | €199,080 | +€124,609 | +167.3% |
| Taxes | 450/3 | €45,007 | €166,705 | +€121,698 | +270.4% |
| Remuneration and social security | 454/9 | €29,464 | €32,375 | +€2,911 | +9.9% |
| Other amounts payable | 47/48 | €203,066 | €238,744 | +€35,679 | +17.6% |
| Accrued charges and deferred income | 492/3 | €13,500 | €15,809 | +€2,309 | +17.1% |
| Remuneration, social security and pensions | 62 | €325,392 | €361,652 | +€36,260 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,763 | €46,204 | +€5,442 | +13.3% |
| Other operating charges | 640/8 | €42,573 | €44,150 | +€1,578 | +3.7% |
| Gross operating margin | 9900 | €680,196 | €1,079,668 | +€399,472 | +58.7% |
| Operating profit (loss) | 9901 | €271,469 | €627,661 | +€356,192 | +131.2% |
| Financial income | 75/76B | €242 | €409 | +€167 | +68.9% |
| Recurring financial income | 75 | €242 | €409 | +€167 | +68.9% |
| Financial charges | 65/66B | €26,425 | €53,997 | +€27,572 | +104.3% |
| Recurring financial charges | 65 | €26,425 | €53,997 | +€27,572 | +104.3% |
| Profit (loss) for the period before taxes | 9903 | €245,286 | €574,074 | +€328,787 | +134.0% |
| Income taxes | 67/77 | €31,325 | €155,699 | +€124,375 | +397.0% |
| Profit (loss) for the period | 9904 | €213,962 | €418,374 | +€204,413 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €213,962 | €418,374 | +€204,413 | +95.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.