CARDIANEST: 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.
CARDIANEST
Largest movements
- Current investments -€800,000
no longer reported in 2025 (was €800,000)
- Cash -€130,951
down €130,951 (-93.2%), from €140,439 to €9,488
mainly Other debts (-€974,663) and Contributions, distributions and other (-€575,000)
- Intangible fixed assets -€93,500
down €93,500 (-14.3%), from €654,442 to €560,942
- Receivables within one year -€75,014
down €75,014 (-24.4%), from €307,078 to €232,064
of which Trade receivables: -€75,014
- Deferred charges and accrued income +€29,640
up €29,640 (+14.0%), from €212,327 to €241,967
- Other debts -€974,663
down €974,663 (-63.7%), from €1.5m to €554,696
- Debts after one year -€147,716
down €147,716 (-28.4%), from €519,796 to €372,080
- Tax, wage and social debts +€24,471
up €24,471 (+96.3%), from €25,417 to €49,888
- Financial income -€13,873
down €13,873 (-66.7%), from €20,808 to €6,936
- Gross operating margin -€9,652
down €9,652 (-1.1%), from €907,556 to €897,904
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 | €2,234,053 | €1,136,379 | -€1.1m | -49.1% |
| Fixed assets | 21/28 | €774,208 | €652,860 | -€121,348 | -15.7% |
| Intangible fixed assets | 21 | €654,442 | €560,942 | -€93,500 | -14.3% |
| Tangible fixed assets | 22/27 | €119,766 | €91,918 | -€27,848 | -23.3% |
| Plant, machinery and equipment | 23 | €7,921 | €5,667 | -€2,254 | -28.5% |
| Furniture and vehicles | 24 | €74,088 | €53,737 | -€20,351 | -27.5% |
| Other tangible fixed assets | 26 | €37,757 | €32,514 | -€5,243 | -13.9% |
| Current assets | 29/58 | €1,459,845 | €483,519 | -€976,326 | -66.9% |
| Amounts receivable within one year | 40/41 | €307,078 | €232,064 | -€75,014 | -24.4% |
| Trade receivables | 40 | €278,078 | €203,064 | -€75,014 | -27.0% |
| Other amounts receivable | 41 | €29,000 | €29,000 | = | 0.0% |
| Current investments | 50/53 | €800,000 | - | -€800,000 | |
| Cash at bank and in hand | 54/58 | €140,439 | €9,488 | -€130,951 | -93.2% |
| Deferred charges and accrued income | 490/1 | €212,327 | €241,967 | +€29,640 | +14.0% |
| Total equity and liabilities | 10/49 | €2,234,053 | €1,136,379 | -€1.1m | -49.1% |
| Equity | 10/15 | €5,708 | €6,636 | +€928 | +16.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €708 | €1,636 | +€928 | +131% |
| Amounts payable | 17/49 | €2,228,345 | €1,129,743 | -€1.1m | -49.3% |
| Amounts payable after more than one year | 17 | €519,796 | €372,080 | -€147,716 | -28.4% |
| Financial debts | 170/4 | €519,796 | €372,080 | -€147,716 | -28.4% |
| Amounts payable within one year | 42/48 | €1,705,221 | €757,663 | -€947,558 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €144,872 | €147,716 | +€2,844 | +2.0% |
| Trade debts | 44 | €5,573 | €5,363 | -€210 | -3.8% |
| Suppliers | 440/4 | €5,573 | €5,363 | -€210 | -3.8% |
| Taxes, remuneration and social security | 45 | €25,417 | €49,888 | +€24,471 | +96.3% |
| Taxes | 450/3 | €25,417 | €49,888 | +€24,471 | +96.3% |
| Other amounts payable | 47/48 | €1,529,360 | €554,696 | -€974,663 | -63.7% |
| Accrued charges and deferred income | 492/3 | €3,327 | - | -€3,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,907 | €122,801 | +€1,894 | +1.6% |
| Other operating charges | 640/8 | €1,745 | €1,556 | -€189 | -10.8% |
| Gross operating margin | 9900 | €907,556 | €897,904 | -€9,652 | -1.1% |
| Operating profit (loss) | 9901 | €784,904 | €773,547 | -€11,357 | -1.4% |
| Financial income | 75/76B | €20,808 | €6,936 | -€13,873 | -66.7% |
| Recurring financial income | 75 | €20,808 | €6,936 | -€13,873 | -66.7% |
| Financial charges | 65/66B | €15,899 | €15,094 | -€805 | -5.1% |
| Recurring financial charges | 65 | €15,899 | €15,094 | -€805 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €789,813 | €765,388 | -€24,425 | -3.1% |
| Income taxes | 67/77 | €195,798 | €189,461 | -€6,338 | -3.2% |
| Profit (loss) for the period | 9904 | €594,015 | €575,928 | -€18,087 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €594,015 | €575,928 | -€18,087 | -3.0% |
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 23 October 2026 via checked.be.