CARDIOBEL: 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.
CARDIOBEL
Largest movements
- Cash +€117,973
up €117,973 (+11,797%), from €1,000 to €118,973
mainly Other debts (+€137,441)
- Other debts +€137,441
new in 2025: €137,441
- Trade debts -€12,999
down €12,999 (-100%), from €12,999 to €0
- Profit (loss) carried forward -€6,469
down €6,469 (-49.8%), from -€12,999 to -€19,468
- Gross operating margin +€842
up €842 (+11.7%), from -€7,195 to -€6,353
- Other operating charges -€443
down €443 (-87.7%), from €505 to €62
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 | €1,000 | €118,973 | +€117,973 | +11,797% |
| Current assets | 29/58 | €1,000 | €118,973 | +€117,973 | +11,797% |
| Cash at bank and in hand | 54/58 | €1,000 | €118,973 | +€117,973 | +11,797% |
| Total equity and liabilities | 10/49 | €1,000 | €118,973 | +€117,973 | +11,797% |
| Equity | 10/15 | -€11,999 | -€18,468 | -€6,469 | -53.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,999 | -€19,468 | -€6,469 | -49.8% |
| Amounts payable | 17/49 | €12,999 | €137,441 | +€124,443 | +957% |
| Amounts payable within one year | 42/48 | €12,999 | €137,441 | +€124,443 | +957% |
| Trade debts | 44 | €12,999 | €0 | -€12,999 | -100% |
| Suppliers | 440/4 | €12,999 | €0 | -€12,999 | -100% |
| Other amounts payable | 47/48 | - | €137,441 | +€137,441 | |
| Other operating charges | 640/8 | €505 | €62 | -€443 | -87.7% |
| Gross operating margin | 9900 | -€7,195 | -€6,353 | +€842 | +11.7% |
| Operating profit (loss) | 9901 | -€7,700 | -€6,415 | +€1,285 | +16.7% |
| Financial charges | 65/66B | - | €54 | +€54 | |
| Recurring financial charges | 65 | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | -€7,700 | -€6,469 | +€1,231 | +16.0% |
| Profit (loss) for the period | 9904 | -€7,700 | -€6,469 | +€1,231 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,700 | -€6,469 | +€1,231 | +16.0% |
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 18 October 2026 via checked.be.