CARDIOSKIN: 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.
CARDIOSKIN
Largest movements
- Receivables within one year +€58,013
up €58,013 (+339%), from €17,107 to €75,120
of which Trade receivables: +€31,644
- Cash -€27,201
down €27,201 (-46.8%), from €58,081 to €30,880
mainly Receivables within one year (-€58,013) and Investment in fixed assets (net) (-€32,206)
- Tangible fixed assets -€19,694
down €19,694 (-12.0%), from €163,543 to €143,848
of which Leasing and similar rights: -€13,966
- Reserves +€68,000
up €68,000 (+56.3%), from €120,845 to €188,845
of which Distributable reserves: +€68,000
- Tax, wage and social debts -€23,095
down €23,095 (-82.0%), from €28,181 to €5,085
- Debts after one year -€20,795
down €20,795 (-27.7%), from €75,100 to €54,305
- Current portion of long-term debt -€16,154
down €16,154 (-41.2%), from €39,213 to €23,059
- Trade debts +€4,093
up €4,093 (+137%), from €2,977 to €7,069
- Gross operating margin -€29,217
down €29,217 (-14.4%), from €202,866 to €173,649
- Staff costs -€21,623
down €21,623 (-81.2%), from €26,618 to €4,995
- Depreciation -€6,348
down €6,348 (-10.9%), from €58,248 to €51,900
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,512 | €298,186 | +€12,674 | +4.4% |
| Fixed assets | 21/28 | €164,840 | €145,146 | -€19,694 | -11.9% |
| Tangible fixed assets | 22/27 | €163,543 | €143,848 | -€19,694 | -12.0% |
| Land and buildings | 22 | €53,091 | €44,242 | -€8,848 | -16.7% |
| Plant, machinery and equipment | 23 | €73,832 | €76,544 | +€2,712 | +3.7% |
| Furniture and vehicles | 24 | €12,602 | €15,215 | +€2,612 | +20.7% |
| Leasing and similar rights | 25 | €16,221 | €2,255 | -€13,966 | -86.1% |
| Other tangible fixed assets | 26 | €7,797 | €5,593 | -€2,203 | -28.3% |
| Financial fixed assets | 28 | €1,297 | €1,297 | = | 0.0% |
| Current assets | 29/58 | €120,672 | €153,040 | +€32,368 | +26.8% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,107 | €75,120 | +€58,013 | +339% |
| Trade receivables | 40 | €6,487 | €38,131 | +€31,644 | +488% |
| Other amounts receivable | 41 | €10,620 | €36,989 | +€26,369 | +248% |
| Cash at bank and in hand | 54/58 | €58,081 | €30,880 | -€27,201 | -46.8% |
| Deferred charges and accrued income | 490/1 | €10,484 | €12,040 | +€1,556 | +14.8% |
| Total equity and liabilities | 10/49 | €285,512 | €298,186 | +€12,674 | +4.4% |
| Equity | 10/15 | €140,041 | €208,367 | +€68,325 | +48.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €120,845 | €188,845 | +€68,000 | +56.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,575 | €23,575 | = | 0.0% |
| Distributable reserves | 133 | €95,411 | €163,411 | +€68,000 | +71.3% |
| Profit (loss) carried forward | 14 | €604 | €930 | +€325 | +53.8% |
| Amounts payable | 17/49 | €145,470 | €89,819 | -€55,651 | -38.3% |
| Amounts payable after more than one year | 17 | €75,100 | €54,305 | -€20,795 | -27.7% |
| Financial debts | 170/4 | €75,100 | €54,305 | -€20,795 | -27.7% |
| Amounts payable within one year | 42/48 | €70,370 | €35,214 | -€35,156 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €39,213 | €23,059 | -€16,154 | -41.2% |
| Trade debts | 44 | €2,977 | €7,069 | +€4,093 | +137% |
| Suppliers | 440/4 | €2,977 | €7,069 | +€4,093 | +137% |
| Taxes, remuneration and social security | 45 | €28,181 | €5,085 | -€23,095 | -82.0% |
| Taxes | 450/3 | €28,181 | €5,085 | -€23,095 | -82.0% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €26,618 | €4,995 | -€21,623 | -81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,248 | €51,900 | -€6,348 | -10.9% |
| Other operating charges | 640/8 | €5,104 | €7,129 | +€2,025 | +39.7% |
| Gross operating margin | 9900 | €202,866 | €173,649 | -€29,217 | -14.4% |
| Operating profit (loss) | 9901 | €112,896 | €109,624 | -€3,271 | -2.9% |
| Financial income | 75/76B | €1,654 | €2,009 | +€355 | +21.5% |
| Recurring financial income | 75 | €1,654 | €2,009 | +€355 | +21.5% |
| Financial charges | 65/66B | €3,880 | €3,223 | -€657 | -16.9% |
| Recurring financial charges | 65 | €3,880 | €3,223 | -€657 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €110,670 | €108,411 | -€2,260 | -2.0% |
| Income taxes | 67/77 | €39,122 | €40,085 | +€964 | +2.5% |
| Profit (loss) for the period | 9904 | €71,549 | €68,325 | -€3,223 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,549 | €68,325 | -€3,223 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.