CARDIOLAND: 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.
CARDIOLAND
Largest movements
- Receivables within one year -€53,024
down €53,024 (-34.6%), from €153,352 to €100,328
of which Other amounts receivable: -€40,819
- Cash -€8,581
down €8,581 (-27.0%), from €31,785 to €23,204
mainly Other debts (-€74,459) and Contributions, distributions and other (-€6,000)
- Tangible fixed assets -€4,620
down €4,620 (-26.2%), from €17,608 to €12,988
of which Plant, machinery and equipment: -€2,826
- Deferred charges and accrued income -€3,471
down €3,471 (-30.2%), from €11,496 to €8,025
- Other debts -€74,459
down €74,459 (-92.5%), from €80,459 to €6,000
- Reserves +€3,068
up €3,068 (+2.8%), from €109,945 to €113,013
- Gross operating margin -€25,706
down €25,706 (-65.1%), from €39,469 to €13,763
- Taxes -€7,135
down €7,135 (-53.0%), from €13,470 to €6,335
- Other operating charges -€4,235
down €4,235 (-81.7%), from €5,186 to €951
- Depreciation -€1,481
down €1,481 (-21.8%), from €6,796 to €5,316
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 | €214,241 | €144,545 | -€69,696 | -32.5% |
| Fixed assets | 21/28 | €17,608 | €12,988 | -€4,620 | -26.2% |
| Tangible fixed assets | 22/27 | €17,608 | €12,988 | -€4,620 | -26.2% |
| Plant, machinery and equipment | 23 | €8,010 | €5,185 | -€2,826 | -35.3% |
| Furniture and vehicles | 24 | €1,894 | €1,627 | -€267 | -14.1% |
| Other tangible fixed assets | 26 | €7,703 | €6,176 | -€1,527 | -19.8% |
| Current assets | 29/58 | €196,633 | €131,557 | -€65,076 | -33.1% |
| Amounts receivable within one year | 40/41 | €153,352 | €100,328 | -€53,024 | -34.6% |
| Trade receivables | 40 | €12,205 | - | -€12,205 | |
| Other amounts receivable | 41 | €141,147 | €100,328 | -€40,819 | -28.9% |
| Cash at bank and in hand | 54/58 | €31,785 | €23,204 | -€8,581 | -27.0% |
| Deferred charges and accrued income | 490/1 | €11,496 | €8,025 | -€3,471 | -30.2% |
| Total equity and liabilities | 10/49 | €214,241 | €144,545 | -€69,696 | -32.5% |
| Equity | 10/15 | €128,913 | €131,613 | +€2,700 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,945 | €113,013 | +€3,068 | +2.8% |
| Distributable reserves | 133 | €109,945 | €113,013 | +€3,068 | +2.8% |
| Profit (loss) carried forward | 14 | €368 | - | -€368 | |
| Amounts payable | 17/49 | €85,328 | €12,932 | -€72,396 | -84.8% |
| Amounts payable within one year | 42/48 | €85,328 | €12,932 | -€72,396 | -84.8% |
| Trade debts | 44 | €3,410 | €5,473 | +€2,063 | +60.5% |
| Suppliers | 440/4 | €3,410 | €5,473 | +€2,063 | +60.5% |
| Taxes, remuneration and social security | 45 | €1,459 | €1,459 | = | 0.0% |
| Taxes | 450/3 | €1,459 | €1,459 | = | 0.0% |
| Other amounts payable | 47/48 | €80,459 | €6,000 | -€74,459 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,796 | €5,316 | -€1,481 | -21.8% |
| Other operating charges | 640/8 | €5,186 | €951 | -€4,235 | -81.7% |
| Gross operating margin | 9900 | €39,469 | €13,763 | -€25,706 | -65.1% |
| Operating profit (loss) | 9901 | €27,487 | €7,496 | -€19,990 | -72.7% |
| Financial income | 75/76B | €8,363 | €8,048 | -€315 | -3.8% |
| Recurring financial income | 75 | €8,363 | €8,048 | -€315 | -3.8% |
| Financial charges | 65/66B | €655 | €510 | -€145 | -22.2% |
| Recurring financial charges | 65 | €655 | €510 | -€145 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €35,195 | €15,035 | -€20,160 | -57.3% |
| Income taxes | 67/77 | €13,470 | €6,335 | -€7,135 | -53.0% |
| Profit (loss) for the period | 9904 | €21,725 | €8,700 | -€13,025 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,725 | €8,700 | -€13,025 | -60.0% |
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 12 October 2026 via checked.be.