CARDIOCAS: 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.
CARDIOCAS
Largest movements
- Tangible fixed assets +€30,633
up €30,633 (+222%), from €13,816 to €44,449
of which Furniture and vehicles: +€29,037
- Receivables within one year -€8,405
down €8,405 (-65.5%), from €12,824 to €4,420
of which Trade receivables: -€6,645
- Cash +€7,003
up €7,003 (+5.5%), from €128,031 to €135,034
mainly Net result for the year (+€27,224) and Depreciation (+€9,593)
- Reserves +€27,224
up €27,224 (+13.6%), from €199,825 to €227,049
- Gross operating margin +€20,006
up €20,006 (+61.2%), from €32,697 to €52,703
- Depreciation +€5,595
up €5,595 (+140%), from €3,997 to €9,593
- Taxes +€4,058
up €4,058 (+38.0%), from €10,676 to €14,734
- Other operating charges +€849
up €849 (+219%), from €387 to €1,236
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 | €268,434 | €297,916 | +€29,482 | +11.0% |
| Fixed assets | 21/28 | €16,655 | €47,288 | +€30,633 | +184% |
| Tangible fixed assets | 22/27 | €13,816 | €44,449 | +€30,633 | +222% |
| Land and buildings | 22 | €1,819 | €909 | -€910 | -50.0% |
| Plant, machinery and equipment | 23 | - | €2,507 | +€2,507 | |
| Furniture and vehicles | 24 | €11,997 | €41,034 | +€29,037 | +242% |
| Financial fixed assets | 28 | €2,839 | €2,839 | = | 0.0% |
| Current assets | 29/58 | €251,780 | €250,628 | -€1,151 | -0.5% |
| Amounts receivable within one year | 40/41 | €12,824 | €4,420 | -€8,405 | -65.5% |
| Trade receivables | 40 | €6,645 | €0 | -€6,645 | -100% |
| Other amounts receivable | 41 | €6,179 | €4,420 | -€1,759 | -28.5% |
| Current investments | 50/53 | €110,546 | €110,740 | +€194 | +0.2% |
| Cash at bank and in hand | 54/58 | €128,031 | €135,034 | +€7,003 | +5.5% |
| Deferred charges and accrued income | 490/1 | €378 | €434 | +€56 | +14.9% |
| Total equity and liabilities | 10/49 | €268,434 | €297,916 | +€29,482 | +11.0% |
| Equity | 10/15 | €264,852 | €292,076 | +€27,224 | +10.3% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €199,825 | €227,049 | +€27,224 | +13.6% |
| Distributable reserves | 133 | €199,825 | €227,049 | +€27,224 | +13.6% |
| Profit (loss) carried forward | 14 | €56,971 | €56,971 | = | 0.0% |
| Amounts payable | 17/49 | €3,582 | €5,840 | +€2,258 | +63.0% |
| Amounts payable within one year | 42/48 | €3,582 | €5,840 | +€2,258 | +63.0% |
| Trade debts | 44 | €1,490 | €1,050 | -€439 | -29.5% |
| Suppliers | 440/4 | €1,490 | €1,050 | -€439 | -29.5% |
| Taxes, remuneration and social security | 45 | €1,759 | €4,477 | +€2,717 | +154% |
| Taxes | 450/3 | €1,759 | €4,477 | +€2,717 | +154% |
| Other amounts payable | 47/48 | €333 | €313 | -€20 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,997 | €9,593 | +€5,595 | +140% |
| Other operating charges | 640/8 | €387 | €1,236 | +€849 | +219% |
| Non-recurring operating charges | 66A | - | €222 | +€222 | |
| Gross operating margin | 9900 | €32,697 | €52,703 | +€20,006 | +61.2% |
| Operating profit (loss) | 9901 | €28,312 | €41,652 | +€13,340 | +47.1% |
| Financial income | 75/76B | €414 | €857 | +€443 | +107% |
| Recurring financial income | 75 | €414 | €857 | +€443 | +107% |
| Financial charges | 65/66B | €457 | €551 | +€94 | +20.7% |
| Recurring financial charges | 65 | €457 | €551 | +€94 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €28,270 | €41,958 | +€13,688 | +48.4% |
| Income taxes | 67/77 | €10,676 | €14,734 | +€4,058 | +38.0% |
| Profit (loss) for the period | 9904 | €17,594 | €27,224 | +€9,629 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,594 | €27,224 | +€9,629 | +54.7% |
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 23 October 2026 via checked.be.