CARDIOVIC: what changed
Two fiscal 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.
CARDIOVIC
Largest movements
- Cash +€80,074
up €80,074 (+167.1%), from €47,931 to €128,005
mainly Net result for the year (+€82,361) and Depreciation (+€20,219)
- Tangible fixed assets -€16,266
down €16,266 (-31.8%), from €51,112 to €34,846
of which Other tangible fixed assets: -€15,933
- Deferred charges and accrued income -€5,392
down €5,392 (-17.3%), from €31,103 to €25,711
- Profit (loss) carried forward +€82,361
up €82,361 (+83.4%), from -€98,810 to -€16,449
- Current portion of long-term debt -€11,554
no longer reported in 2025 (was €11,554)
- Other debts -€10,778
down €10,778 (-7.3%), from €147,900 to €137,122
- Gross operating margin +€32,143
up €32,143 (+41.6%), from €77,334 to €109,477
- Other operating charges -€1,621
down €1,621 (-28.2%), from €5,759 to €4,137
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 | €130,146 | €188,562 | +€58,415 | +44.9% |
| Fixed assets | 21/28 | €51,112 | €34,846 | -€16,266 | -31.8% |
| Tangible fixed assets | 22/27 | €51,112 | €34,846 | -€16,266 | -31.8% |
| Plant, machinery and equipment | 23 | €4,774 | €6,784 | +€2,011 | +42.1% |
| Furniture and vehicles | 24 | €4,860 | €2,516 | -€2,344 | -48.2% |
| Other tangible fixed assets | 26 | €41,479 | €25,545 | -€15,933 | -38.4% |
| Current assets | 29/58 | €79,034 | €153,716 | +€74,682 | +94.5% |
| Cash at bank and in hand | 54/58 | €47,931 | €128,005 | +€80,074 | +167.1% |
| Deferred charges and accrued income | 490/1 | €31,103 | €25,711 | -€5,392 | -17.3% |
| Total equity and liabilities | 10/49 | €130,146 | €188,562 | +€58,415 | +44.9% |
| Equity | 10/15 | -€43,376 | €38,986 | +€82,361 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €43,034 | €43,034 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,305 | €28,305 | = | 0.0% |
| Distributable reserves | 133 | €12,870 | €12,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,810 | -€16,449 | +€82,361 | +83.4% |
| Amounts payable | 17/49 | €173,522 | €149,576 | -€23,946 | -13.8% |
| Amounts payable within one year | 42/48 | €173,522 | €149,576 | -€23,946 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €11,554 | - | -€11,554 | |
| Trade debts | 44 | €13,679 | €12,198 | -€1,481 | -10.8% |
| Suppliers | 440/4 | €13,679 | €12,198 | -€1,481 | -10.8% |
| Taxes, remuneration and social security | 45 | €388 | €255 | -€133 | -34.2% |
| Taxes | 450/3 | €388 | €255 | -€133 | -34.2% |
| Other amounts payable | 47/48 | €147,900 | €137,122 | -€10,778 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,308 | €20,219 | +€910 | +4.7% |
| Other operating charges | 640/8 | €5,759 | €4,137 | -€1,621 | -28.2% |
| Gross operating margin | 9900 | €77,334 | €109,477 | +€32,143 | +41.6% |
| Operating profit (loss) | 9901 | €52,267 | €85,122 | +€32,855 | +62.9% |
| Financial income | 75/76B | €252 | €83 | -€169 | -67.0% |
| Recurring financial income | 75 | €252 | €83 | -€169 | -67.0% |
| Financial charges | 65/66B | €3,331 | €2,783 | -€548 | -16.4% |
| Recurring financial charges | 65 | €3,331 | €2,783 | -€548 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €49,188 | €82,422 | +€33,234 | +67.6% |
| Income taxes | 67/77 | €193 | €60 | -€133 | -68.7% |
| Profit (loss) for the period | 9904 | €48,995 | €82,361 | +€33,366 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,995 | €82,361 | +€33,366 | +68.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.