CARDIEM: 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.
CARDIEM
Largest movements
- Receivables within one year -€25,379
down €25,379 (-57.6%), from €44,071 to €18,693
of which Other amounts receivable: -€25,483
- Tangible fixed assets -€18,280
down €18,280 (-7.0%), from €261,695 to €243,414
of which Land and buildings: -€12,582
- Other debts -€37,659
down €37,659 (-32.0%), from €117,727 to €80,069
- Debts after one year -€5,036
down €5,036 (-41.0%), from €12,289 to €7,253
- Reserves +€4,460
up €4,460 (+4.5%), from €99,155 to €103,614
of which Distributable reserves: +€10,380
- Taxes -€3,494
down €3,494 (-48.0%), from €7,273 to €3,779
- Gross operating margin -€1,054
down €1,054 (-3.5%), from €29,727 to €28,673
- Depreciation +€498
up €498 (+2.8%), from €17,782 to €18,280
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,242 | €265,134 | -€44,109 | -14.3% |
| Fixed assets | 21/28 | €263,322 | €245,041 | -€18,280 | -6.9% |
| Tangible fixed assets | 22/27 | €261,695 | €243,414 | -€18,280 | -7.0% |
| Land and buildings | 22 | €218,846 | €206,264 | -€12,582 | -5.7% |
| Plant, machinery and equipment | 23 | €42,849 | €37,150 | -€5,698 | -13.3% |
| Financial fixed assets | 28 | €1,627 | €1,627 | = | 0.0% |
| Current assets | 29/58 | €45,921 | €20,093 | -€25,828 | -56.2% |
| Amounts receivable within one year | 40/41 | €44,071 | €18,693 | -€25,379 | -57.6% |
| Trade receivables | 40 | - | €104 | +€104 | |
| Other amounts receivable | 41 | €44,071 | €18,589 | -€25,483 | -57.8% |
| Deferred charges and accrued income | 490/1 | €1,849 | €1,400 | -€450 | -24.3% |
| Total equity and liabilities | 10/49 | €309,242 | €265,134 | -€44,109 | -14.3% |
| Equity | 10/15 | €111,555 | €116,014 | +€4,460 | +4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €99,155 | €103,614 | +€4,460 | +4.5% |
| Tax-exempt reserves | 132 | €99,155 | €93,234 | -€5,920 | -6.0% |
| Distributable reserves | 133 | - | €10,380 | +€10,380 | |
| Provisions and deferred taxes | 16 | €33,052 | €31,078 | -€1,973 | -6.0% |
| Deferred taxes | 168 | €33,052 | €31,078 | -€1,973 | -6.0% |
| Amounts payable | 17/49 | €164,636 | €118,041 | -€46,595 | -28.3% |
| Amounts payable after more than one year | 17 | €12,289 | €7,253 | -€5,036 | -41.0% |
| Financial debts | 170/4 | €12,289 | €7,253 | -€5,036 | -41.0% |
| Amounts payable within one year | 42/48 | €152,345 | €110,789 | -€41,556 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €7,060 | €5,036 | -€2,024 | -28.7% |
| Financial debts | 43 | €9,986 | €9,680 | -€306 | -3.1% |
| Credit institutions | 430/8 | €9,986 | €9,680 | -€306 | -3.1% |
| Trade debts | 44 | €2,700 | €400 | -€2,301 | -85.2% |
| Suppliers | 440/4 | €2,700 | €400 | -€2,301 | -85.2% |
| Taxes, remuneration and social security | 45 | €14,871 | €15,604 | +€733 | +4.9% |
| Taxes | 450/3 | €14,871 | €15,604 | +€733 | +4.9% |
| Other amounts payable | 47/48 | €117,727 | €80,069 | -€37,659 | -32.0% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,782 | €18,280 | +€498 | +2.8% |
| Other operating charges | 640/8 | €3,086 | €3,183 | +€97 | +3.1% |
| Gross operating margin | 9900 | €29,727 | €28,673 | -€1,054 | -3.5% |
| Operating profit (loss) | 9901 | €8,858 | €7,209 | -€1,649 | -18.6% |
| Financial income | 75/76B | €1,086 | €1,004 | -€82 | -7.6% |
| Recurring financial income | 75 | €1,086 | €1,004 | -€82 | -7.6% |
| Financial charges | 65/66B | €1,967 | €1,949 | -€19 | -0.9% |
| Recurring financial charges | 65 | €1,967 | €1,923 | -€44 | -2.3% |
| Non-recurring financial charges | 66B | - | €26 | +€26 | |
| Profit (loss) for the period before taxes | 9903 | €7,977 | €6,265 | -€1,713 | -21.5% |
| Transfer from deferred taxes | 780 | - | €1,973 | +€1,973 | |
| Income taxes | 67/77 | €7,273 | €3,779 | -€3,494 | -48.0% |
| Profit (loss) for the period | 9904 | €704 | €4,460 | +€3,755 | +533% |
| Transfer from tax-exempt reserves | 789 | €7,894 | €5,920 | -€1,973 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,598 | €10,380 | +€1,782 | +20.7% |
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 16 October 2026 via checked.be.