CARDIO WATAL: 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 WATAL
Largest movements
- Tangible fixed assets -€9,816
down €9,816 (-70.2%), from €13,977 to €4,161
of which Furniture and vehicles: -€9,429
- Cash +€4,075
up €4,075 (+5.2%), from €79,012 to €83,087
mainly Net result for the year (+€97,268) and Depreciation (+€9,815)
- Receivables within one year +€2,256
new in 2025: €2,256
- Tax, wage and social debts -€5,752
no longer reported in 2025 (was €5,752)
- Other debts +€2,224
up €2,224 (+2.3%), from €95,000 to €97,224
- Gross operating margin -€13,185
down €13,185 (-8.8%), from €150,070 to €136,885
- Taxes -€9,028
down €9,028 (-21.8%), from €41,377 to €32,349
- Financial income +€1,945
up €1,945 (+156%), from €1,245 to €3,190
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 | €193,069 | €189,584 | -€3,485 | -1.8% |
| Fixed assets | 21/28 | €14,057 | €4,241 | -€9,816 | -69.8% |
| Tangible fixed assets | 22/27 | €13,977 | €4,161 | -€9,816 | -70.2% |
| Plant, machinery and equipment | 23 | €776 | €389 | -€387 | -49.9% |
| Furniture and vehicles | 24 | €13,201 | €3,772 | -€9,429 | -71.4% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €179,012 | €185,343 | +€6,331 | +3.5% |
| Amounts receivable within one year | 40/41 | - | €2,256 | +€2,256 | |
| Other amounts receivable | 41 | - | €2,256 | +€2,256 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,012 | €83,087 | +€4,075 | +5.2% |
| Total equity and liabilities | 10/49 | €193,069 | €189,584 | -€3,485 | -1.8% |
| Equity | 10/15 | €92,092 | €92,360 | +€268 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Legal reserve | 130 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,692 | €71,960 | +€268 | +0.4% |
| Amounts payable | 17/49 | €100,977 | €97,224 | -€3,753 | -3.7% |
| Amounts payable within one year | 42/48 | €100,752 | €97,224 | -€3,528 | -3.5% |
| Taxes, remuneration and social security | 45 | €5,752 | - | -€5,752 | |
| Taxes | 450/3 | €5,752 | - | -€5,752 | |
| Other amounts payable | 47/48 | €95,000 | €97,224 | +€2,224 | +2.3% |
| Accrued charges and deferred income | 492/3 | €225 | - | -€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,811 | €9,815 | +€4 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €583 | - | -€583 | |
| Other operating charges | 640/8 | - | €598 | +€598 | |
| Gross operating margin | 9900 | €150,070 | €136,885 | -€13,185 | -8.8% |
| Operating profit (loss) | 9901 | €139,676 | €126,472 | -€13,204 | -9.5% |
| Financial income | 75/76B | €1,245 | €3,190 | +€1,945 | +156% |
| Recurring financial income | 75 | €1,245 | €3,190 | +€1,945 | +156% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €140,876 | €129,617 | -€11,259 | -8.0% |
| Income taxes | 67/77 | €41,377 | €32,349 | -€9,028 | -21.8% |
| Profit (loss) for the period | 9904 | €99,499 | €97,268 | -€2,231 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,499 | €97,268 | -€2,231 | -2.2% |
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 24 October 2026 via checked.be.