CARDIOPHIE: what changed
CARDIOPHIE
Largest movements
- Cash +€9,996
up €9,996 (+157%), from €6,350 to €16,346
mainly Net result for the year (+€30,954) and Other debts (+€23,102)
- Tangible fixed assets -€7,774
down €7,774 (-31.1%), from €25,003 to €17,230
- Receivables within one year +€1,692
up €1,692 (+5.2%), from €32,259 to €33,952
of which Trade receivables: +€3,547
- Reserves -€26,453
down €26,453 (-100%), from €26,453 to €0
- Other debts +€23,102
new in 2025: €23,102
- Profit (loss) carried forward +€10,852
up €10,852 (+119%), from €9,102 to €19,954
- Debts after one year -€7,924
down €7,924 (-66.5%), from €11,916 to €3,992
- Tax, wage and social debts +€3,464
up €3,464 (+59.7%), from €5,804 to €9,268
- Gross operating margin +€19,547
up €19,547 (+62.9%), from €31,077 to €50,624
- Taxes +€3,809
up €3,809 (+56.9%), from €6,694 to €10,503
- Financial charges +€737
up €737 (+239%), from €309 to €1,045
- Financial income -€637
down €637 (-92.5%), from €689 to €52
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,121 | €68,075 | +€3,954 | +6.2% |
| Fixed assets | 21/28 | €25,003 | €17,230 | -€7,774 | -31.1% |
| Tangible fixed assets | 22/27 | €25,003 | €17,230 | -€7,774 | -31.1% |
| Furniture and vehicles | 24 | €25,003 | €17,230 | -€7,774 | -31.1% |
| Current assets | 29/58 | €39,118 | €50,846 | +€11,727 | +30.0% |
| Amounts receivable within one year | 40/41 | €32,259 | €33,952 | +€1,692 | +5.2% |
| Trade receivables | 40 | €29,599 | €33,146 | +€3,547 | +12.0% |
| Other amounts receivable | 41 | €2,661 | €806 | -€1,855 | -69.7% |
| Cash at bank and in hand | 54/58 | €6,350 | €16,346 | +€9,996 | +157% |
| Deferred charges and accrued income | 490/1 | €509 | €548 | +€39 | +7.7% |
| Total equity and liabilities | 10/49 | €64,121 | €68,075 | +€3,954 | +6.2% |
| Equity | 10/15 | €38,556 | €22,954 | -€15,601 | -40.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,453 | €0 | -€26,453 | -100% |
| Distributable reserves | 133 | €26,453 | €0 | -€26,453 | -100% |
| Profit (loss) carried forward | 14 | €9,102 | €19,954 | +€10,852 | +119% |
| Amounts payable | 17/49 | €25,566 | €45,121 | +€19,555 | +76.5% |
| Amounts payable after more than one year | 17 | €11,916 | €3,992 | -€7,924 | -66.5% |
| Financial debts | 170/4 | €11,916 | €3,992 | -€7,924 | -66.5% |
| Amounts payable within one year | 42/48 | €13,650 | €40,311 | +€26,661 | +195% |
| Current portion of amounts payable after more than one year | 42 | €7,846 | €7,924 | +€78 | +1.0% |
| Trade debts | 44 | €0 | €17 | +€17 | |
| Suppliers | 440/4 | €0 | €17 | +€17 | |
| Taxes, remuneration and social security | 45 | €5,804 | €9,268 | +€3,464 | +59.7% |
| Taxes | 450/3 | €5,804 | €9,268 | +€3,464 | +59.7% |
| Other amounts payable | 47/48 | - | €23,102 | +€23,102 | |
| Accrued charges and deferred income | 492/3 | - | €818 | +€818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,774 | €7,774 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €31,077 | €50,624 | +€19,547 | +62.9% |
| Operating profit (loss) | 9901 | €22,916 | €42,451 | +€19,535 | +85.2% |
| Financial income | 75/76B | €689 | €52 | -€637 | -92.5% |
| Recurring financial income | 75 | €689 | €52 | -€637 | -92.5% |
| Financial charges | 65/66B | €309 | €1,045 | +€737 | +239% |
| Recurring financial charges | 65 | €309 | €1,045 | +€737 | +239% |
| Profit (loss) for the period before taxes | 9903 | €23,296 | €41,457 | +€18,161 | +78.0% |
| Income taxes | 67/77 | €6,694 | €10,503 | +€3,809 | +56.9% |
| Profit (loss) for the period | 9904 | €16,602 | €30,954 | +€14,352 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,602 | €30,954 | +€14,352 | +86.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.