Cardiodavid: what changed
Two fiscal 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.
Cardiodavid
Largest movements
- Cash +€49,357
up €49,357 (+201.2%), from €24,536 to €73,893
mainly Net result for the year (+€147,747) and Depreciation (+€7,905)
- Financial fixed assets +€45,000
up €45,000 (+20.0%), from €225,000 to €270,000
- Deferred charges and accrued income +€9,109
up €9,109 (+23.2%), from €39,320 to €48,429
- Profit (loss) carried forward +€147,747
up €147,747 (+66657.8%), from €222 to €147,969
- Tax, wage and social debts -€37,275
down €37,275 (-86.8%), from €42,936 to €5,661
- Other debts -€8,768
down €8,768 (-69.2%), from €12,674 to €3,906
- Gross operating margin +€13,020
up €13,020 (+7.2%), from €180,091 to €193,111
- Taxes +€4,312
up €4,312 (+10.4%), from €41,270 to €45,582
- Financial income +€4,251
up €4,251 (+108.6%), from €3,916 to €8,168
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.
Cash bridge derived
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 | €299,365 | €400,926 | +€101,561 | +33.9% |
| Fixed assets | 21/28 | €235,509 | €278,604 | +€43,095 | +18.3% |
| Tangible fixed assets | 22/27 | €10,509 | €8,604 | -€1,905 | -18.1% |
| Plant, machinery and equipment | 23 | €2,474 | €141 | -€2,333 | -94.3% |
| Furniture and vehicles | 24 | €8,035 | €8,464 | +€429 | +5.3% |
| Financial fixed assets | 28 | €225,000 | €270,000 | +€45,000 | +20.0% |
| Current assets | 29/58 | €63,856 | €122,322 | +€58,466 | +91.6% |
| Cash at bank and in hand | 54/58 | €24,536 | €73,893 | +€49,357 | +201.2% |
| Deferred charges and accrued income | 490/1 | €39,320 | €48,429 | +€9,109 | +23.2% |
| Total equity and liabilities | 10/49 | €299,365 | €400,926 | +€101,561 | +33.9% |
| Equity | 10/15 | €243,222 | €390,969 | +€147,747 | +60.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €241,000 | €241,000 | = | 0.0% |
| Distributable reserves | 133 | €241,000 | €241,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222 | €147,969 | +€147,747 | +66657.8% |
| Amounts payable | 17/49 | €56,143 | €9,957 | -€46,186 | -82.3% |
| Amounts payable within one year | 42/48 | €56,143 | €9,957 | -€46,186 | -82.3% |
| Trade debts | 44 | €532 | €390 | -€142 | -26.8% |
| Suppliers | 440/4 | €532 | €390 | -€142 | -26.8% |
| Taxes, remuneration and social security | 45 | €42,936 | €5,661 | -€37,275 | -86.8% |
| Taxes | 450/3 | €42,936 | €5,661 | -€37,275 | -86.8% |
| Other amounts payable | 47/48 | €12,674 | €3,906 | -€8,768 | -69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,233 | €7,905 | +€1,671 | +26.8% |
| Gross operating margin | 9900 | €180,091 | €193,111 | +€13,020 | +7.2% |
| Operating profit (loss) | 9901 | €173,858 | €185,207 | +€11,349 | +6.5% |
| Financial income | 75/76B | €3,916 | €8,168 | +€4,251 | +108.6% |
| Recurring financial income | 75 | €3,916 | €8,168 | +€4,251 | +108.6% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +1.8% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €177,730 | €193,329 | +€15,599 | +8.8% |
| Income taxes | 67/77 | €41,270 | €45,582 | +€4,312 | +10.4% |
| Profit (loss) for the period | 9904 | €136,460 | €147,747 | +€11,287 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,460 | €147,747 | +€11,287 | +8.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.