CARDIONAM: 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.
What changed
CARDIONAM
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€364,187
2024 · €337,730+€26,457
Equity
€1.4m
2024 · €1.3m+€129,187
Cash
€735,642
2024 · €282,839+€452,803
Balance sheet total
€1.7m
2024 · €1.5m+€232,022
Largest movements
Assets
- Cash +€452,803
up €452,803 (+160%), from €282,839 to €735,642
mainly Net result for the year (+€364,187) and Current investments (+€201,500)
- Current investments -€201,500
down €201,500 (-21.2%), from €950,000 to €748,500
- Intangible fixed assets -€17,564
down €17,564 (-66.5%), from €26,396 to €8,831
Equity and liabilities
- Reserves +€129,185
up €129,185 (+10.2%), from €1.3m to €1.4m
- Other debts +€129,000
up €129,000 (+122%), from €106,000 to €235,000
- Debts after one year -€17,906
down €17,906 (-66.5%), from €26,911 to €9,004
Income statement
- Gross operating margin +€18,263
up €18,263 (+3.1%), from €590,162 to €608,425
- Financial charges -€8,708
down €8,708 (-46.4%), from €18,757 to €10,049
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.
Result 2024
€337,730
Gross operating margin
+€18,263
Staff costs
-€3,783
Depreciation
-€1,045
Other operating charges
-€555
Other operating items
-€74
Financial income
+€950
Financial charges
+€8,708
Taxes
+€3,992
Result 2025
€364,187
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€510,001
Investment
+€195,573
Financing
-€252,771
Cash 2024
€282,839
From operations (derived)
+€510,001
Net result for the year
+€364,187
Depreciation
+€39,379
Receivables within one year
-€14,604
Deferred charges and accrued income
+€433
Trade debts
+€1,162
Tax, wage and social debts
-€8,383
Other debts
+€129,000
Accrued charges and deferred income
-€1,173
Investment (derived)
+€195,573
Investment in fixed assets (net)
-€5,927
Current investments
+€201,500
Financing
-€252,771
Debts after one year
-€17,906
Current portion of long-term debt
+€136
Contributions, distributions and other
-€235,000
Cash 2025
€735,642
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,489,161 | €1,721,183 | +€232,022 | +15.6% |
| Fixed assets | 21/28 | €84,404 | €50,952 | -€33,452 | -39.6% |
| Intangible fixed assets | 21 | €26,396 | €8,831 | -€17,564 | -66.5% |
| Tangible fixed assets | 22/27 | €57,783 | €41,895 | -€15,888 | -27.5% |
| Plant, machinery and equipment | 23 | €15,394 | €8,922 | -€6,471 | -42.0% |
| Furniture and vehicles | 24 | €37,160 | €29,310 | -€7,850 | -21.1% |
| Other tangible fixed assets | 26 | €5,229 | €3,662 | -€1,567 | -30.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €1,404,757 | €1,670,231 | +€265,474 | +18.9% |
| Amounts receivable within one year | 40/41 | €163,403 | €178,007 | +€14,604 | +8.9% |
| Trade receivables | 40 | €134,497 | €154,309 | +€19,812 | +14.7% |
| Other amounts receivable | 41 | €28,906 | €23,698 | -€5,208 | -18.0% |
| Current investments | 50/53 | €950,000 | €748,500 | -€201,500 | -21.2% |
| Cash at bank and in hand | 54/58 | €282,839 | €735,642 | +€452,803 | +160% |
| Deferred charges and accrued income | 490/1 | €8,515 | €8,083 | -€433 | -5.1% |
| Total equity and liabilities | 10/49 | €1,489,161 | €1,721,183 | +€232,022 | +15.6% |
| Equity | 10/15 | €1,289,826 | €1,419,013 | +€129,187 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,271,225 | €1,400,410 | +€129,185 | +10.2% |
| Distributable reserves | 133 | €1,271,225 | €1,400,410 | +€129,185 | +10.2% |
| Profit (loss) carried forward | 14 | €1 | €3 | +€2 | +284% |
| Amounts payable | 17/49 | €199,335 | €302,170 | +€102,835 | +51.6% |
| Amounts payable after more than one year | 17 | €26,911 | €9,004 | -€17,906 | -66.5% |
| Financial debts | 170/4 | €26,911 | €9,004 | -€17,906 | -66.5% |
| Amounts payable within one year | 42/48 | €171,251 | €293,166 | +€121,915 | +71.2% |
| Current portion of amounts payable after more than one year | 42 | €17,771 | €17,906 | +€136 | +0.8% |
| Trade debts | 44 | €3,808 | €4,970 | +€1,162 | +30.5% |
| Suppliers | 440/4 | €3,808 | €4,970 | +€1,162 | +30.5% |
| Taxes, remuneration and social security | 45 | €43,672 | €35,289 | -€8,383 | -19.2% |
| Taxes | 450/3 | €31,582 | €26,103 | -€5,479 | -17.3% |
| Remuneration and social security | 454/9 | €12,090 | €9,186 | -€2,904 | -24.0% |
| Other amounts payable | 47/48 | €106,000 | €235,000 | +€129,000 | +122% |
| Accrued charges and deferred income | 492/3 | €1,173 | - | -€1,173 | |
| Non-recurring operating income | 76A | - | €2,024 | +€2,024 | |
| Remuneration, social security and pensions | 62 | €67,531 | €71,314 | +€3,783 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,334 | €39,379 | +€1,045 | +2.7% |
| Other operating charges | 640/8 | €3,426 | €3,981 | +€555 | +16.2% |
| Non-recurring operating charges | 66A | €549 | €622 | +€74 | +13.4% |
| Gross operating margin | 9900 | €590,162 | €608,425 | +€18,263 | +3.1% |
| Operating profit (loss) | 9901 | €480,322 | €493,128 | +€12,806 | +2.7% |
| Financial income | 75/76B | €17,446 | €18,397 | +€950 | +5.4% |
| Recurring financial income | 75 | €17,446 | €18,397 | +€950 | +5.4% |
| Financial charges | 65/66B | €18,757 | €10,049 | -€8,708 | -46.4% |
| Recurring financial charges | 65 | €18,757 | €10,049 | -€8,708 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €479,011 | €501,476 | +€22,465 | +4.7% |
| Income taxes | 67/77 | €141,281 | €137,289 | -€3,992 | -2.8% |
| Profit (loss) for the period | 9904 | €337,730 | €364,187 | +€26,457 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €337,730 | €364,187 | +€26,457 | +7.8% |
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 15 October 2026 via checked.be.