CARDIOMED: 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.
CARDIOMED
Largest movements
- Tangible fixed assets -€32,784
down €32,784 (-19.6%), from €166,875 to €134,091
of which Furniture and vehicles: -€30,129
- Receivables within one year -€32,434
down €32,434 (-65.7%), from €49,352 to €16,917
of which Other amounts receivable: -€29,095
- Cash +€13,641
up €13,641 (+36.7%), from €37,175 to €50,816
mainly Net result for the year (+€42,904) and Depreciation (+€32,784)
- Reserves -€50,900
down €50,900 (-25.4%), from €200,260 to €149,360
of which Distributable reserves: -€50,900
- Other debts +€19,428
new in 2025: €19,428
- Tax, wage and social debts -€12,784
down €12,784 (-68.5%), from €18,660 to €5,876
- Trade debts -€6,938
down €6,938 (-98.5%), from €7,046 to €107
- Depreciation +€21,067
up €21,067 (+179.8%), from €11,718 to €32,784
- Taxes -€9,797
down €9,797 (-31.0%), from €31,636 to €21,839
- Gross operating margin -€2,782
down €2,782 (-2.7%), from €103,787 to €101,005
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 | €259,582 | €208,391 | -€51,191 | -19.7% |
| Fixed assets | 21/28 | €166,875 | €134,091 | -€32,784 | -19.6% |
| Tangible fixed assets | 22/27 | €166,875 | €134,091 | -€32,784 | -19.6% |
| Furniture and vehicles | 24 | €143,522 | €113,394 | -€30,129 | -21.0% |
| Other tangible fixed assets | 26 | €23,353 | €20,697 | -€2,656 | -11.4% |
| Current assets | 29/58 | €92,706 | €74,300 | -€18,406 | -19.9% |
| Amounts receivable within one year | 40/41 | €49,352 | €16,917 | -€32,434 | -65.7% |
| Trade receivables | 40 | €17,547 | €14,207 | -€3,339 | -19.0% |
| Other amounts receivable | 41 | €31,805 | €2,710 | -€29,095 | -91.5% |
| Cash at bank and in hand | 54/58 | €37,175 | €50,816 | +€13,641 | +36.7% |
| Deferred charges and accrued income | 490/1 | €6,180 | €6,566 | +€387 | +6.3% |
| Total equity and liabilities | 10/49 | €259,582 | €208,391 | -€51,191 | -19.7% |
| Equity | 10/15 | €233,876 | €182,981 | -€50,896 | -21.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €200,260 | €149,360 | -€50,900 | -25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €198,400 | €147,500 | -€50,900 | -25.7% |
| Profit (loss) carried forward | 14 | €21,216 | €21,221 | +€4 | 0.0% |
| Amounts payable | 17/49 | €25,706 | €25,410 | -€295 | -1.1% |
| Amounts payable within one year | 42/48 | €25,706 | €25,410 | -€295 | -1.1% |
| Trade debts | 44 | €7,046 | €107 | -€6,938 | -98.5% |
| Suppliers | 440/4 | €7,046 | €107 | -€6,938 | -98.5% |
| Taxes, remuneration and social security | 45 | €18,660 | €5,876 | -€12,784 | -68.5% |
| Taxes | 450/3 | €18,660 | €5,876 | -€12,784 | -68.5% |
| Other amounts payable | 47/48 | - | €19,428 | +€19,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,718 | €32,784 | +€21,067 | +179.8% |
| Other operating charges | 640/8 | €2,203 | €2,633 | +€430 | +19.5% |
| Gross operating margin | 9900 | €103,787 | €101,005 | -€2,782 | -2.7% |
| Operating profit (loss) | 9901 | €89,866 | €65,587 | -€24,279 | -27.0% |
| Financial income | 75/76B | €728 | - | -€728 | |
| Recurring financial income | 75 | €728 | - | -€728 | |
| Financial charges | 65/66B | €310 | €844 | +€534 | +172.2% |
| Recurring financial charges | 65 | €310 | €844 | +€534 | +172.2% |
| Profit (loss) for the period before taxes | 9903 | €90,284 | €64,744 | -€25,541 | -28.3% |
| Income taxes | 67/77 | €31,636 | €21,839 | -€9,797 | -31.0% |
| Profit (loss) for the period | 9904 | €58,649 | €42,904 | -€15,744 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,649 | €42,904 | -€15,744 | -26.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.