CARDIO OV: 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 OV
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-98.1%), from €2.0m to €37,437
of which Trade receivables: -€2.0m
- Cash +€142,548
up €142,548 (+152%), from €93,612 to €236,160
mainly Receivables within one year (+€2.0m) and Investment in fixed assets (net) (+€59,838)
- Tangible fixed assets -€55,908
no longer reported in 2025 (was €55,908)
- Accrued charges and deferred income -€1.8m
down €1.8m (-94.3%), from €1.9m to €108,919
- Debts after one year -€34,670
no longer reported in 2025 (was €34,670)
- Gross operating margin -€101,728
down €101,728, from €86,721 to -€15,007
- Staff costs -€49,714
no longer reported in 2025 (was €49,714)
- Depreciation -€26,636
no longer reported in 2025 (was €26,636)
- Taxes -€6,458
down €6,458 (-98.5%), from €6,555 to €97
- Other operating charges +€1,315
new in 2025: €1,315
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 | €2,173,986 | €273,597 | -€1.9m | -87.4% |
| Fixed assets | 21/28 | €59,838 | - | -€59,838 | |
| Tangible fixed assets | 22/27 | €55,908 | - | -€55,908 | |
| Plant, machinery and equipment | 23 | €55,908 | - | -€55,908 | |
| Financial fixed assets | 28 | €3,930 | - | -€3,930 | |
| Current assets | 29/58 | €2,114,148 | €273,597 | -€1.8m | -87.1% |
| Amounts receivable within one year | 40/41 | €2,020,536 | €37,437 | -€2.0m | -98.1% |
| Trade receivables | 40 | €2,020,536 | €23,274 | -€2.0m | -98.8% |
| Other amounts receivable | 41 | - | €14,163 | +€14,163 | |
| Cash at bank and in hand | 54/58 | €93,612 | €236,160 | +€142,548 | +152% |
| Total equity and liabilities | 10/49 | €2,173,986 | €273,597 | -€1.9m | -87.4% |
| Equity | 10/15 | €184,499 | €164,678 | -€19,821 | -10.7% |
| Contributions | 10/11 | €62,500 | €60,000 | -€2,500 | -4.0% |
| Reserves | 13 | €121,999 | €104,678 | -€17,321 | -14.2% |
| Distributable reserves | 133 | €121,999 | €104,678 | -€17,321 | -14.2% |
| Amounts payable | 17/49 | €1,989,487 | €108,919 | -€1.9m | -94.5% |
| Amounts payable after more than one year | 17 | €34,670 | - | -€34,670 | |
| Financial debts | 170/4 | €34,670 | - | -€34,670 | |
| Amounts payable within one year | 42/48 | €28,486 | - | -€28,486 | |
| Current portion of amounts payable after more than one year | 42 | €10,912 | - | -€10,912 | |
| Trade debts | 44 | €13,550 | - | -€13,550 | |
| Suppliers | 440/4 | €13,550 | - | -€13,550 | |
| Taxes, remuneration and social security | 45 | €3,920 | - | -€3,920 | |
| Taxes | 450/3 | €3,920 | - | -€3,920 | |
| Other amounts payable | 47/48 | €104 | - | -€104 | |
| Accrued charges and deferred income | 492/3 | €1,926,331 | €108,919 | -€1.8m | -94.3% |
| Remuneration, social security and pensions | 62 | €49,714 | - | -€49,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,636 | - | -€26,636 | |
| Other operating charges | 640/8 | - | €1,315 | +€1,315 | |
| Gross operating margin | 9900 | €86,721 | -€15,007 | -€101,728 | |
| Operating profit (loss) | 9901 | €10,371 | -€16,322 | -€26,693 | |
| Financial income | 75/76B | - | €1,001 | +€1,001 | |
| Recurring financial income | 75 | - | €1,001 | +€1,001 | |
| Financial charges | 65/66B | €2,128 | €1,903 | -€225 | -10.6% |
| Recurring financial charges | 65 | €2,128 | €1,903 | -€225 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €8,243 | -€17,224 | -€25,467 | |
| Income taxes | 67/77 | €6,555 | €97 | -€6,458 | -98.5% |
| Profit (loss) for the period | 9904 | €1,688 | -€17,321 | -€19,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,688 | -€17,321 | -€19,009 |
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 21 October 2026 via checked.be.