CARDIATROS: 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.
CARDIATROS
Largest movements
- Financial fixed assets -€18,201
down €18,201 (-99.7%), from €18,251 to €50
- Cash +€13,271
up €13,271 (+4.0%), from €333,809 to €347,080
mainly Net result for the year (+€34,959) and Investment in fixed assets (net) (+€13,559)
- Tangible fixed assets -€7,649
down €7,649 (-16.6%), from €46,142 to €38,493
of which Plant, machinery and equipment: -€4,798
- Reserves +€33,500
up €33,500 (+15.8%), from €211,772 to €245,272
of which Distributable reserves: +€33,500
- Profit (loss) carried forward -€33,275
down €33,275 (-28.1%), from €118,610 to €85,335
- Other debts -€8,531
down €8,531 (-16.2%), from €52,641 to €44,110
- Gross operating margin -€10,248
down €10,248 (-7.8%), from €131,666 to €121,418
- Taxes -€2,932
down €2,932 (-16.7%), from €17,522 to €14,590
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 | €422,474 | €410,376 | -€12,098 | -2.9% |
| Fixed assets | 21/28 | €64,393 | €38,543 | -€25,850 | -40.1% |
| Tangible fixed assets | 22/27 | €46,142 | €38,493 | -€7,649 | -16.6% |
| Plant, machinery and equipment | 23 | €33,541 | €28,743 | -€4,798 | -14.3% |
| Furniture and vehicles | 24 | €8,689 | €8,012 | -€677 | -7.8% |
| Other tangible fixed assets | 26 | €3,912 | €1,738 | -€2,174 | -55.6% |
| Financial fixed assets | 28 | €18,251 | €50 | -€18,201 | -99.7% |
| Current assets | 29/58 | €358,081 | €371,833 | +€13,752 | +3.8% |
| Amounts receivable within one year | 40/41 | €5,925 | €9,951 | +€4,026 | +67.9% |
| Trade receivables | 40 | - | €115 | +€115 | |
| Other amounts receivable | 41 | €5,925 | €9,836 | +€3,911 | +66.0% |
| Cash at bank and in hand | 54/58 | €333,809 | €347,080 | +€13,271 | +4.0% |
| Deferred charges and accrued income | 490/1 | €18,347 | €14,803 | -€3,544 | -19.3% |
| Total equity and liabilities | 10/49 | €422,474 | €410,376 | -€12,098 | -2.9% |
| Equity | 10/15 | €349,382 | €349,607 | +€225 | +0.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €211,772 | €245,272 | +€33,500 | +15.8% |
| Non-distributable reserves | 130/1 | €8,272 | €8,272 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,272 | €8,272 | = | 0.0% |
| Distributable reserves | 133 | €203,500 | €237,000 | +€33,500 | +16.5% |
| Profit (loss) carried forward | 14 | €118,610 | €85,335 | -€33,275 | -28.1% |
| Amounts payable | 17/49 | €73,091 | €60,769 | -€12,323 | -16.9% |
| Amounts payable within one year | 42/48 | €73,091 | €60,417 | -€12,675 | -17.3% |
| Trade debts | 44 | €4,279 | €4,224 | -€54 | -1.3% |
| Suppliers | 440/4 | €4,279 | €4,224 | -€54 | -1.3% |
| Taxes, remuneration and social security | 45 | €16,172 | €12,083 | -€4,089 | -25.3% |
| Taxes | 450/3 | €7,685 | €3,395 | -€4,290 | -55.8% |
| Remuneration and social security | 454/9 | €8,487 | €8,688 | +€200 | +2.4% |
| Other amounts payable | 47/48 | €52,641 | €44,110 | -€8,531 | -16.2% |
| Accrued charges and deferred income | 492/3 | - | €352 | +€352 | |
| Remuneration, social security and pensions | 62 | €58,708 | €59,786 | +€1,079 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,844 | €12,291 | -€552 | -4.3% |
| Other operating charges | 640/8 | €1,455 | €1,496 | +€41 | +2.8% |
| Gross operating margin | 9900 | €131,666 | €121,418 | -€10,248 | -7.8% |
| Operating profit (loss) | 9901 | €58,660 | €47,845 | -€10,815 | -18.4% |
| Financial income | 75/76B | €1,592 | €1,774 | +€181 | +11.4% |
| Recurring financial income | 75 | €1,592 | €1,774 | +€181 | +11.4% |
| Financial charges | 65/66B | €65 | €69 | +€4 | +6.2% |
| Recurring financial charges | 65 | €65 | €69 | +€4 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €60,187 | €49,549 | -€10,638 | -17.7% |
| Income taxes | 67/77 | €17,522 | €14,590 | -€2,932 | -16.7% |
| Profit (loss) for the period | 9904 | €42,665 | €34,959 | -€7,706 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,665 | €34,959 | -€7,706 | -18.1% |
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 18 October 2026 via checked.be.