CDP Cardon: 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.
CDP Cardon
Largest movements
- Cash -€13,378
down €13,378 (-18.4%), from €72,693 to €59,315
mainly Contributions, distributions and other (-€30,000) and Trade debts (-€6,118)
- Tangible fixed assets -€12,901
down €12,901 (-19.3%), from €66,881 to €53,980
of which Furniture and vehicles: -€12,901
- Receivables within one year -€5,834
down €5,834 (-10.0%), from €58,082 to €52,249
of which Other amounts receivable: -€7,778
- Profit (loss) carried forward -€24,118
down €24,118 (-50.4%), from €47,859 to €23,741
- Trade debts -€6,118
down €6,118 (-87.6%), from €6,988 to €870
- Gross operating margin -€15,704
down €15,704 (-31.9%), from €49,225 to €33,520
- Taxes +€5,631
up €5,631, from -€1,131 to €4,500
- Staff costs +€2,551
up €2,551 (+51.9%), from €4,911 to €7,463
- Depreciation -€2,056
down €2,056 (-12.0%), from €17,098 to €15,041
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 | €197,809 | €165,697 | -€32,112 | -16.2% |
| Fixed assets | 21/28 | €67,034 | €54,133 | -€12,901 | -19.2% |
| Tangible fixed assets | 22/27 | €66,881 | €53,980 | -€12,901 | -19.3% |
| Land and buildings | 22 | €2,216 | €2,216 | = | 0.0% |
| Furniture and vehicles | 24 | €64,665 | €51,764 | -€12,901 | -20.0% |
| Financial fixed assets | 28 | €153 | €153 | = | 0.0% |
| Current assets | 29/58 | €130,776 | €111,564 | -€19,211 | -14.7% |
| Amounts receivable within one year | 40/41 | €58,082 | €52,249 | -€5,834 | -10.0% |
| Trade receivables | 40 | €21,925 | €23,869 | +€1,945 | +8.9% |
| Other amounts receivable | 41 | €36,158 | €28,380 | -€7,778 | -21.5% |
| Cash at bank and in hand | 54/58 | €72,693 | €59,315 | -€13,378 | -18.4% |
| Total equity and liabilities | 10/49 | €197,809 | €165,697 | -€32,112 | -16.2% |
| Equity | 10/15 | €72,856 | €48,738 | -€24,118 | -33.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,405 | €6,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,546 | €4,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,859 | €23,741 | -€24,118 | -50.4% |
| Provisions and deferred taxes | 16 | €79,705 | €79,705 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €79,705 | €79,705 | = | 0.0% |
| Pensions and similar obligations | 160 | €79,705 | €79,705 | = | 0.0% |
| Amounts payable | 17/49 | €45,248 | €37,254 | -€7,994 | -17.7% |
| Amounts payable within one year | 42/48 | €45,248 | €37,254 | -€7,994 | -17.7% |
| Trade debts | 44 | €6,988 | €870 | -€6,118 | -87.6% |
| Suppliers | 440/4 | €6,988 | €870 | -€6,118 | -87.6% |
| Taxes, remuneration and social security | 45 | €8,261 | €6,385 | -€1,876 | -22.7% |
| Taxes | 450/3 | €8,261 | €6,385 | -€1,876 | -22.7% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,911 | €7,463 | +€2,551 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,098 | €15,041 | -€2,056 | -12.0% |
| Other operating charges | 640/8 | - | €388 | +€388 | |
| Gross operating margin | 9900 | €49,225 | €33,520 | -€15,704 | -31.9% |
| Operating profit (loss) | 9901 | €27,216 | €10,628 | -€16,587 | -60.9% |
| Financial income | 75/76B | €442 | €0 | -€442 | -100.0% |
| Recurring financial income | 75 | €442 | €0 | -€442 | -100.0% |
| Financial charges | 65/66B | €51 | €247 | +€196 | +386.8% |
| Recurring financial charges | 65 | €51 | €247 | +€196 | +386.8% |
| Profit (loss) for the period before taxes | 9903 | €27,607 | €10,382 | -€17,226 | -62.4% |
| Income taxes | 67/77 | -€1,131 | €4,500 | +€5,631 | |
| Profit (loss) for the period | 9904 | €28,739 | €5,882 | -€22,857 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,739 | €5,882 | -€22,857 | -79.5% |
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 9 October 2026 via checked.be.