CARDIOSTER: 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.
CARDIOSTER
Largest movements
- Cash +€137,311
up €137,311 (+31.1%), from €440,923 to €578,233
mainly Net result for the year (+€257,753) and Current portion of long-term debt (+€16,844)
- Deferred charges and accrued income +€23,924
up €23,924 (+29.8%), from €80,260 to €104,183
- Tangible fixed assets -€12,967
down €12,967 (-23.6%), from €54,963 to €41,996
of which Furniture and vehicles: -€12,967
- Receivables within one year -€9,162
down €9,162 (-61.0%), from €15,007 to €5,845
- Reserves +€157,753
up €157,753 (+42.7%), from €369,733 to €527,486
- Tax, wage and social debts -€37,309
down €37,309 (-58.1%), from €64,166 to €26,858
- Current portion of long-term debt +€16,844
new in 2025: €16,844
- Gross operating margin +€40,194
up €40,194 (+12.0%), from €334,308 to €374,502
- Taxes +€13,396
up €13,396 (+15.1%), from €88,752 to €102,148
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €591,222 | €730,327 | +€139,106 | +23.5% |
| Fixed assets | 21/28 | €55,032 | €42,065 | -€12,967 | -23.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €54,963 | €41,996 | -€12,967 | -23.6% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €54,963 | €41,996 | -€12,967 | -23.6% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €536,189 | €688,262 | +€152,073 | +28.4% |
| Amounts receivable within one year | 40/41 | €15,007 | €5,845 | -€9,162 | -61.0% |
| Other amounts receivable | 41 | €15,007 | €5,845 | -€9,162 | -61.0% |
| Cash at bank and in hand | 54/58 | €440,923 | €578,233 | +€137,311 | +31.1% |
| Deferred charges and accrued income | 490/1 | €80,260 | €104,183 | +€23,924 | +29.8% |
| Total equity and liabilities | 10/49 | €591,222 | €730,327 | +€139,106 | +23.5% |
| Equity | 10/15 | €425,533 | €583,286 | +€157,753 | +37.1% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €369,733 | €527,486 | +€157,753 | +42.7% |
| Distributable reserves | 133 | €369,733 | €527,486 | +€157,753 | +42.7% |
| Amounts payable | 17/49 | €165,689 | €147,042 | -€18,647 | -11.3% |
| Amounts payable within one year | 42/48 | €165,689 | €147,042 | -€18,647 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | - | €16,844 | +€16,844 | |
| Trade debts | 44 | €1,522 | €3,340 | +€1,817 | +119% |
| Suppliers | 440/4 | €1,522 | €3,340 | +€1,817 | +119% |
| Taxes, remuneration and social security | 45 | €64,166 | €26,858 | -€37,309 | -58.1% |
| Taxes | 450/3 | €64,166 | €26,858 | -€37,309 | -58.1% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,052 | €12,967 | +€915 | +7.6% |
| Other operating charges | 640/8 | €2,696 | €1,578 | -€1,119 | -41.5% |
| Gross operating margin | 9900 | €334,308 | €374,502 | +€40,194 | +12.0% |
| Operating profit (loss) | 9901 | €319,560 | €359,957 | +€40,397 | +12.6% |
| Financial income | 75/76B | €1,135 | €969 | -€166 | -14.6% |
| Recurring financial income | 75 | €1,135 | €969 | -€166 | -14.6% |
| Financial charges | 65/66B | €799 | €1,025 | +€226 | +28.3% |
| Recurring financial charges | 65 | €799 | €1,025 | +€226 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €319,896 | €359,901 | +€40,005 | +12.5% |
| Income taxes | 67/77 | €88,752 | €102,148 | +€13,396 | +15.1% |
| Profit (loss) for the period | 9904 | €231,144 | €257,753 | +€26,609 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €231,144 | €257,753 | +€26,609 | +11.5% |
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 15 October 2026 via checked.be.