CARDIO KEMDEM: 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 KEMDEM
Largest movements
- Receivables within one year +€63,634
up €63,634 (+144%), from €44,252 to €107,885
- Cash -€53,514
down €53,514 (-38.9%), from €137,588 to €84,074
mainly Contributions, distributions and other (-€70,931) and Receivables within one year (-€63,634)
- Current investments -€47,076
down €47,076 (-43.5%), from €108,097 to €61,021
- Tangible fixed assets +€39,054
up €39,054 (+886%), from €4,408 to €43,462
of which Plant, machinery and equipment: +€39,655
- Deferred charges and accrued income -€18,245
down €18,245 (-26.8%), from €68,055 to €49,810
- Reserves -€57,579
down €57,579 (-25.7%), from €223,857 to €166,278
of which Distributable reserves: -€57,579
- Trade debts +€40,926
up €40,926 (+5,721%), from €715 to €41,641
- Gross operating margin -€155,661
down €155,661 (-56.4%), from €276,180 to €120,518
- Financial charges +€106,042
up €106,042, from -€601 to €105,441
- Other operating charges -€74,812
down €74,812 (-99.2%), from €75,449 to €637
- Taxes -€52,263
down €52,263 (-86.7%), from €60,299 to €8,036
- Financial income +€4,723
up €4,723 (+165%), from €2,859 to €7,582
of which Non-recurring financial income: +€3,081
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 | €362,400 | €346,252 | -€16,148 | -4.5% |
| Fixed assets | 21/28 | €4,408 | €43,462 | +€39,054 | +886% |
| Tangible fixed assets | 22/27 | €4,408 | €43,462 | +€39,054 | +886% |
| Plant, machinery and equipment | 23 | - | €39,655 | +€39,655 | |
| Furniture and vehicles | 24 | €391 | €11 | -€380 | -97.1% |
| Other tangible fixed assets | 26 | €4,017 | €3,795 | -€222 | -5.5% |
| Current assets | 29/58 | €357,992 | €302,790 | -€55,201 | -15.4% |
| Amounts receivable within one year | 40/41 | €44,252 | €107,885 | +€63,634 | +144% |
| Other amounts receivable | 41 | €44,252 | €107,885 | +€63,634 | +144% |
| Current investments | 50/53 | €108,097 | €61,021 | -€47,076 | -43.5% |
| Cash at bank and in hand | 54/58 | €137,588 | €84,074 | -€53,514 | -38.9% |
| Deferred charges and accrued income | 490/1 | €68,055 | €49,810 | -€18,245 | -26.8% |
| Total equity and liabilities | 10/49 | €362,400 | €346,252 | -€16,148 | -4.5% |
| Equity | 10/15 | €321,397 | €263,818 | -€57,579 | -17.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €223,857 | €166,278 | -€57,579 | -25.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €223,857 | €166,278 | -€57,579 | -25.7% |
| Profit (loss) carried forward | 14 | €85,040 | €85,040 | = | 0.0% |
| Amounts payable | 17/49 | €41,003 | €82,434 | +€41,432 | +101% |
| Amounts payable within one year | 42/48 | €41,003 | €82,434 | +€41,432 | +101% |
| Trade debts | 44 | €715 | €41,641 | +€40,926 | +5,721% |
| Suppliers | 440/4 | €715 | €41,641 | +€40,926 | +5,721% |
| Taxes, remuneration and social security | 45 | €40,287 | €40,793 | +€505 | +1.3% |
| Taxes | 450/3 | €40,287 | €40,793 | +€505 | +1.3% |
| Non-recurring operating income | 76A | €16,500 | €0 | -€16,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602 | €634 | +€33 | +5.4% |
| Other operating charges | 640/8 | €75,449 | €637 | -€74,812 | -99.2% |
| Gross operating margin | 9900 | €276,180 | €120,518 | -€155,661 | -56.4% |
| Operating profit (loss) | 9901 | €200,129 | €119,247 | -€80,882 | -40.4% |
| Financial income | 75/76B | €2,859 | €7,582 | +€4,723 | +165% |
| Recurring financial income | 75 | €2,859 | €4,501 | +€1,642 | +57.4% |
| Non-recurring financial income | 76B | - | €3,081 | +€3,081 | |
| Financial charges | 65/66B | -€601 | €105,441 | +€106,042 | |
| Recurring financial charges | 65 | -€601 | €105,441 | +€106,042 | |
| Profit (loss) for the period before taxes | 9903 | €203,589 | €21,388 | -€182,201 | -89.5% |
| Income taxes | 67/77 | €60,299 | €8,036 | -€52,263 | -86.7% |
| Profit (loss) for the period | 9904 | €143,290 | €13,352 | -€129,938 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €143,290 | €13,352 | -€129,938 | -90.7% |
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 25 October 2026 via checked.be.