CARDIO VLIEKENS: what changed
CARDIO VLIEKENS
Largest movements
- Tangible fixed assets -€13,648
down €13,648 (-33.3%), from €41,009 to €27,361
of which Plant, machinery and equipment: -€11,048
- Cash -€12,588
down €12,588 (-26.4%), from €47,663 to €35,075
mainly Contributions, distributions and other (-€77,900) and Deferred charges and accrued income (-€2,923)
- Deferred charges and accrued income +€2,923
up €2,923, from €0 to €2,923
- Profit (loss) carried forward -€45,800
down €45,800 (-100.0%), from €45,818 to €17
- Other debts +€14,236
up €14,236 (+29.6%), from €48,116 to €62,351
- Tax, wage and social debts +€6,722
up €6,722 (+239%), from €2,810 to €9,532
of which Taxes: +€6,722
- Trade debts +€1,339
up €1,339, from €0 to €1,339
- Accrued charges and deferred income -€1,038
down €1,038 (-100%), from €1,038 to €0
- Gross operating margin +€13,861
up €13,861 (+33.6%), from €41,209 to €55,069
- Taxes +€2,691
up €2,691 (+48.7%), from €5,525 to €8,216
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,476 | €76,663 | -€23,814 | -23.7% |
| Fixed assets | 21/28 | €41,320 | €27,361 | -€13,959 | -33.8% |
| Intangible fixed assets | 21 | €311 | €0 | -€311 | -100% |
| Tangible fixed assets | 22/27 | €41,009 | €27,361 | -€13,648 | -33.3% |
| Plant, machinery and equipment | 23 | €33,209 | €22,161 | -€11,048 | -33.3% |
| Furniture and vehicles | 24 | €7,800 | €5,200 | -€2,600 | -33.3% |
| Current assets | 29/58 | €59,156 | €49,302 | -€9,854 | -16.7% |
| Stocks and contracts in progress | 3 | €1,097 | €1,179 | +€82 | +7.5% |
| Stocks | 30/36 | €1,097 | €1,179 | +€82 | +7.5% |
| Amounts receivable within one year | 40/41 | €10,396 | €10,124 | -€271 | -2.6% |
| Trade receivables | 40 | €1,685 | €4,866 | +€3,181 | +189% |
| Other amounts receivable | 41 | €8,711 | €5,258 | -€3,453 | -39.6% |
| Cash at bank and in hand | 54/58 | €47,663 | €35,075 | -€12,588 | -26.4% |
| Deferred charges and accrued income | 490/1 | €0 | €2,923 | +€2,923 | |
| Total equity and liabilities | 10/49 | €100,476 | €76,663 | -€23,814 | -23.7% |
| Equity | 10/15 | €48,318 | €2,517 | -€45,800 | -94.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,818 | €17 | -€45,800 | -100.0% |
| Amounts payable | 17/49 | €52,159 | €74,146 | +€21,987 | +42.2% |
| Amounts payable within one year | 42/48 | €51,121 | €74,146 | +€23,025 | +45.0% |
| Trade debts | 44 | €0 | €1,339 | +€1,339 | |
| Suppliers | 440/4 | €0 | €1,339 | +€1,339 | |
| Advances received on contracts in progress | 46 | €195 | €923 | +€728 | +373% |
| Taxes, remuneration and social security | 45 | €2,810 | €9,532 | +€6,722 | +239% |
| Taxes | 450/3 | €610 | €7,332 | +€6,722 | +1,102% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €48,116 | €62,351 | +€14,236 | +29.6% |
| Accrued charges and deferred income | 492/3 | €1,038 | €0 | -€1,038 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,981 | €13,959 | -€22 | -0.2% |
| Other operating charges | 640/8 | €1,029 | €724 | -€305 | -29.7% |
| Gross operating margin | 9900 | €41,209 | €55,069 | +€13,861 | +33.6% |
| Operating profit (loss) | 9901 | €26,199 | €40,386 | +€14,188 | +54.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +660% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +660% |
| Financial charges | 65/66B | €63 | €71 | +€7 | +11.8% |
| Recurring financial charges | 65 | €63 | €71 | +€7 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €26,136 | €40,316 | +€14,180 | +54.3% |
| Income taxes | 67/77 | €5,525 | €8,216 | +€2,691 | +48.7% |
| Profit (loss) for the period | 9904 | €20,610 | €32,100 | +€11,489 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,610 | €32,100 | +€11,489 | +55.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.