CARDIODYN: 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.
CARDIODYN
Largest movements
- Current investments -€163,110
down €163,110 (-70.3%), from €232,009 to €68,899
- Cash +€83,079
up €83,079 (+28.4%), from €292,430 to €375,508
mainly Net result for the year (+€229,695) and Current investments (+€163,110)
- Deferred charges and accrued income +€17,248
up €17,248 (+34.4%), from €50,086 to €67,333
- Other debts -€61,125
down €61,125 (-35.5%), from €172,360 to €111,235
- Gross operating margin +€78,373
up €78,373 (+36.3%), from €215,638 to €294,011
- Financial income -€14,202
down €14,202 (-76.2%), from €18,649 to €4,448
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 | €640,832 | €575,951 | -€64,882 | -10.1% |
| Fixed assets | 21/28 | €51,308 | €46,581 | -€4,727 | -9.2% |
| Tangible fixed assets | 22/27 | €51,308 | €46,581 | -€4,727 | -9.2% |
| Land and buildings | 22 | €1,913 | €1,716 | -€197 | -10.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €49,395 | €44,866 | -€4,530 | -9.2% |
| Current assets | 29/58 | €589,524 | €529,369 | -€60,155 | -10.2% |
| Amounts receivable within one year | 40/41 | €15,000 | €17,629 | +€2,629 | +17.5% |
| Trade receivables | 40 | - | €2,629 | +€2,629 | |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Current investments | 50/53 | €232,009 | €68,899 | -€163,110 | -70.3% |
| Cash at bank and in hand | 54/58 | €292,430 | €375,508 | +€83,079 | +28.4% |
| Deferred charges and accrued income | 490/1 | €50,086 | €67,333 | +€17,248 | +34.4% |
| Total equity and liabilities | 10/49 | €640,832 | €575,951 | -€64,882 | -10.1% |
| Equity | 10/15 | €459,756 | €462,451 | +€2,695 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €441,156 | €441,156 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,366 | €63,366 | = | 0.0% |
| Distributable reserves | 133 | €377,790 | €377,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €2,695 | +€2,695 | |
| Amounts payable | 17/49 | €181,076 | €113,500 | -€67,577 | -37.3% |
| Amounts payable within one year | 42/48 | €181,076 | €113,500 | -€67,577 | -37.3% |
| Trade debts | 44 | €2,995 | €2,265 | -€730 | -24.4% |
| Suppliers | 440/4 | €2,995 | €2,265 | -€730 | -24.4% |
| Taxes, remuneration and social security | 45 | €5,722 | €0 | -€5,722 | -100% |
| Taxes | 450/3 | €4,282 | €0 | -€4,282 | -100% |
| Remuneration and social security | 454/9 | €1,440 | €0 | -€1,440 | -100% |
| Other amounts payable | 47/48 | €172,360 | €111,235 | -€61,125 | -35.5% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,031 | €16,211 | +€1,181 | +7.9% |
| Other operating charges | 640/8 | €391 | €1,158 | +€767 | +196% |
| Gross operating margin | 9900 | €215,638 | €294,011 | +€78,373 | +36.3% |
| Operating profit (loss) | 9901 | €200,217 | €276,642 | +€76,425 | +38.2% |
| Financial income | 75/76B | €18,649 | €4,448 | -€14,202 | -76.2% |
| Recurring financial income | 75 | €18,649 | €4,448 | -€14,202 | -76.2% |
| Financial charges | 65/66B | €842 | €870 | +€29 | +3.4% |
| Recurring financial charges | 65 | €842 | €870 | +€29 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €218,024 | €280,219 | +€62,195 | +28.5% |
| Income taxes | 67/77 | €49,901 | €50,524 | +€623 | +1.2% |
| Profit (loss) for the period | 9904 | €168,123 | €229,695 | +€61,572 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €168,123 | €229,695 | +€61,572 | +36.6% |
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.