Verzekeringen Cardous: 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.
Verzekeringen Cardous
Largest movements
- Intangible fixed assets -€166,610
down €166,610 (-96.2%), from €173,131 to €6,521
- Current investments -€85,000
down €85,000 (-22.1%), from €385,000 to €300,000
- Cash -€34,811
down €34,811 (-55.4%), from €62,843 to €28,033
mainly Other debts (-€176,071) and Contributions, distributions and other (-€164,372)
- Receivables within one year +€15,963
up €15,963 (+18.2%), from €87,667 to €103,630
of which Trade receivables: +€18,013
- Tangible fixed assets -€11,615
down €11,615 (-14.9%), from €78,107 to €66,492
of which Other tangible fixed assets: -€10,805
- Other debts -€176,071
down €176,071 (-51.7%), from €340,443 to €164,372
- Debts after one year -€122,536
down €122,536 (-47.9%), from €255,627 to €133,092
- Tax, wage and social debts +€15,225
up €15,225 (+37.0%), from €41,178 to €56,403
of which Remuneration and social security: +€11,660
- Staff costs +€51,841
up €51,841 (+16.6%), from €313,178 to €365,019
- Gross operating margin +€48,443
up €48,443 (+6.7%), from €721,340 to €769,783
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 | €791,563 | €509,556 | -€282,006 | -35.6% |
| Fixed assets | 21/28 | €251,489 | €73,263 | -€178,225 | -70.9% |
| Intangible fixed assets | 21 | €173,131 | €6,521 | -€166,610 | -96.2% |
| Tangible fixed assets | 22/27 | €78,107 | €66,492 | -€11,615 | -14.9% |
| Furniture and vehicles | 24 | €1,794 | €983 | -€811 | -45.2% |
| Other tangible fixed assets | 26 | €76,314 | €65,509 | -€10,805 | -14.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €540,074 | €436,293 | -€103,781 | -19.2% |
| Amounts receivable within one year | 40/41 | €87,667 | €103,630 | +€15,963 | +18.2% |
| Trade receivables | 40 | €2,682 | €20,695 | +€18,013 | +672% |
| Other amounts receivable | 41 | €84,985 | €82,935 | -€2,050 | -2.4% |
| Current investments | 50/53 | €385,000 | €300,000 | -€85,000 | -22.1% |
| Cash at bank and in hand | 54/58 | €62,843 | €28,033 | -€34,811 | -55.4% |
| Deferred charges and accrued income | 490/1 | €4,564 | €4,630 | +€66 | +1.5% |
| Total equity and liabilities | 10/49 | €791,563 | €509,556 | -€282,006 | -35.6% |
| Equity | 10/15 | €30,000 | €30,000 | = | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €761,563 | €479,556 | -€282,006 | -37.0% |
| Amounts payable after more than one year | 17 | €255,627 | €133,092 | -€122,536 | -47.9% |
| Financial debts | 170/4 | €255,627 | €133,092 | -€122,536 | -47.9% |
| Amounts payable within one year | 42/48 | €505,935 | €346,465 | -€159,471 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €122,232 | €122,536 | +€304 | +0.2% |
| Trade debts | 44 | €2,082 | €3,154 | +€1,071 | +51.5% |
| Suppliers | 440/4 | €2,082 | €3,154 | +€1,071 | +51.5% |
| Taxes, remuneration and social security | 45 | €41,178 | €56,403 | +€15,225 | +37.0% |
| Taxes | 450/3 | €8,124 | €11,689 | +€3,566 | +43.9% |
| Remuneration and social security | 454/9 | €33,054 | €44,714 | +€11,660 | +35.3% |
| Other amounts payable | 47/48 | €340,443 | €164,372 | -€176,071 | -51.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €313,178 | €365,019 | +€51,841 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,346 | €178,225 | +€879 | +0.5% |
| Other operating charges | 640/8 | €9,996 | €9,872 | -€124 | -1.2% |
| Gross operating margin | 9900 | €721,340 | €769,783 | +€48,443 | +6.7% |
| Operating profit (loss) | 9901 | €220,820 | €216,667 | -€4,153 | -1.9% |
| Financial income | 75/76B | €9,577 | €10,229 | +€652 | +6.8% |
| Recurring financial income | 75 | €9,577 | €10,229 | +€652 | +6.8% |
| Financial charges | 65/66B | €1,564 | €2,402 | +€838 | +53.5% |
| Recurring financial charges | 65 | €1,564 | €2,402 | +€838 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €228,833 | €224,494 | -€4,339 | -1.9% |
| Income taxes | 67/77 | €60,214 | €60,122 | -€92 | -0.2% |
| Profit (loss) for the period | 9904 | €168,619 | €164,372 | -€4,247 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €168,619 | €164,372 | -€4,247 | -2.5% |
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 31 October 2026 via checked.be.