CARDIO DM: 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.
CARDIO DM
Largest movements
- Tangible fixed assets -€37,827
down €37,827 (-9.1%), from €417,633 to €379,806
of which Furniture and vehicles: -€29,344
- Cash +€35,333
up €35,333 (+136%), from €26,002 to €61,336
mainly Other debts (+€111,823) and Net result for the year (+€109,976)
- Receivables within one year +€13,628
up €13,628 (+19.1%), from €71,407 to €85,034
of which Other amounts receivable: +€11,650
- Other debts +€111,823
new in 2025: €111,823
- Profit (loss) carried forward -€59,032
down €59,032 (-47.6%), from €123,970 to €64,938
- Debts after one year -€42,209
down €42,209 (-12.0%), from €350,690 to €308,481
- Gross operating margin +€63,039
up €63,039 (+45.7%), from €138,065 to €201,104
- Taxes +€20,648
up €20,648 (+122%), from €16,970 to €37,618
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 | €521,462 | €533,229 | +€11,767 | +2.3% |
| Fixed assets | 21/28 | €417,633 | €379,806 | -€37,827 | -9.1% |
| Tangible fixed assets | 22/27 | €417,633 | €379,806 | -€37,827 | -9.1% |
| Land and buildings | 22 | €310,182 | €301,699 | -€8,483 | -2.7% |
| Furniture and vehicles | 24 | €107,451 | €78,108 | -€29,344 | -27.3% |
| Current assets | 29/58 | €103,828 | €153,423 | +€49,594 | +47.8% |
| Amounts receivable within one year | 40/41 | €71,407 | €85,034 | +€13,628 | +19.1% |
| Trade receivables | 40 | €8,054 | €10,032 | +€1,977 | +24.5% |
| Other amounts receivable | 41 | €63,352 | €75,003 | +€11,650 | +18.4% |
| Cash at bank and in hand | 54/58 | €26,002 | €61,336 | +€35,333 | +136% |
| Deferred charges and accrued income | 490/1 | €6,419 | €7,053 | +€634 | +9.9% |
| Total equity and liabilities | 10/49 | €521,462 | €533,229 | +€11,767 | +2.3% |
| Equity | 10/15 | €127,970 | €68,938 | -€59,032 | -46.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,970 | €64,938 | -€59,032 | -47.6% |
| Amounts payable | 17/49 | €393,491 | €464,291 | +€70,800 | +18.0% |
| Amounts payable after more than one year | 17 | €350,690 | €308,481 | -€42,209 | -12.0% |
| Financial debts | 170/4 | €350,690 | €308,481 | -€42,209 | -12.0% |
| Amounts payable within one year | 42/48 | €42,738 | €155,310 | +€112,573 | +263% |
| Current portion of amounts payable after more than one year | 42 | €40,506 | €42,209 | +€1,704 | +4.2% |
| Trade debts | 44 | €2,232 | €1,278 | -€954 | -42.7% |
| Suppliers | 440/4 | €2,232 | €1,278 | -€954 | -42.7% |
| Other amounts payable | 47/48 | - | €111,823 | +€111,823 | |
| Accrued charges and deferred income | 492/3 | €64 | €500 | +€436 | +684% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,353 | €38,910 | +€557 | +1.5% |
| Other operating charges | 640/8 | €2,460 | €2,321 | -€139 | -5.7% |
| Gross operating margin | 9900 | €138,065 | €201,104 | +€63,039 | +45.7% |
| Operating profit (loss) | 9901 | €97,251 | €159,873 | +€62,621 | +64.4% |
| Financial income | 75/76B | €1,622 | €3,263 | +€1,641 | +101% |
| Recurring financial income | 75 | €1,622 | €3,263 | +€1,641 | +101% |
| Financial charges | 65/66B | €16,965 | €15,542 | -€1,423 | -8.4% |
| Recurring financial charges | 65 | €16,965 | €15,542 | -€1,423 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €81,908 | €147,594 | +€65,685 | +80.2% |
| Income taxes | 67/77 | €16,970 | €37,618 | +€20,648 | +122% |
| Profit (loss) for the period | 9904 | €64,938 | €109,976 | +€45,037 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,938 | €109,976 | +€45,037 | +69.4% |
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 17 October 2026 via checked.be.