CardioZen: 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.
CardioZen
Largest movements
- Cash +€78,506
up €78,506 (+854%), from €9,194 to €87,700
mainly Net result for the year (+€114,150) and Other debts (+€56,338)
- Intangible fixed assets -€36,500
down €36,500 (-25.0%), from €146,000 to €109,500
- Receivables within one year +€8,663
up €8,663 (+11.9%), from €72,531 to €81,193
of which Other amounts receivable: +€11,511
- Other debts +€56,338
up €56,338 (+61.3%), from €91,848 to €148,185
- Debts after one year -€4,799
down €4,799 (-19.6%), from €24,431 to €19,632
- Trade debts -€3,946
down €3,946 (-27.6%), from €14,287 to €10,342
- Gross operating margin -€30,118
down €30,118 (-11.6%), from €260,713 to €230,594
- Provisions -€27,959
down €27,959 (-96.9%), from €28,846 to €887
- Financial charges +€26,582
up €26,582 (+388%), from €6,858 to €33,440
- Taxes -€16,637
down €16,637 (-32.7%), from €50,908 to €34,271
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 | €277,654 | €329,632 | +€51,978 | +18.7% |
| Fixed assets | 21/28 | €194,986 | €159,719 | -€35,267 | -18.1% |
| Intangible fixed assets | 21 | €146,000 | €109,500 | -€36,500 | -25.0% |
| Tangible fixed assets | 22/27 | €48,978 | €50,211 | +€1,233 | +2.5% |
| Plant, machinery and equipment | 23 | €38,782 | €33,342 | -€5,440 | -14.0% |
| Furniture and vehicles | 24 | €3,704 | €10,562 | +€6,858 | +185% |
| Other tangible fixed assets | 26 | €6,492 | €6,307 | -€185 | -2.9% |
| Financial fixed assets | 28 | €8 | €8 | = | 0.0% |
| Current assets | 29/58 | €82,668 | €169,913 | +€87,245 | +106% |
| Amounts receivable within one year | 40/41 | €72,531 | €81,193 | +€8,663 | +11.9% |
| Trade receivables | 40 | €69,313 | €66,464 | -€2,848 | -4.1% |
| Other amounts receivable | 41 | €3,218 | €14,729 | +€11,511 | +358% |
| Cash at bank and in hand | 54/58 | €9,194 | €87,700 | +€78,506 | +854% |
| Deferred charges and accrued income | 490/1 | €943 | €1,019 | +€76 | +8.0% |
| Total equity and liabilities | 10/49 | €277,654 | €329,632 | +€51,978 | +18.7% |
| Equity | 10/15 | €95,536 | €95,536 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,936 | €76,936 | = | 0.0% |
| Distributable reserves | 133 | €76,936 | €76,936 | = | 0.0% |
| Provisions and deferred taxes | 16 | €28,846 | €29,734 | +€887 | +3.1% |
| Provisions for liabilities and charges | 160/5 | €28,846 | €29,734 | +€887 | +3.1% |
| Other liabilities and charges | 164/5 | €28,846 | €29,734 | +€887 | +3.1% |
| Amounts payable | 17/49 | €153,272 | €204,362 | +€51,091 | +33.3% |
| Amounts payable after more than one year | 17 | €24,431 | €19,632 | -€4,799 | -19.6% |
| Financial debts | 170/4 | €24,431 | €19,632 | -€4,799 | -19.6% |
| Amounts payable within one year | 42/48 | €128,841 | €184,731 | +€55,890 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €4,582 | €4,799 | +€218 | +4.8% |
| Financial debts | 43 | - | €3,024 | +€3,024 | |
| Credit institutions | 430/8 | - | €3,024 | +€3,024 | |
| Trade debts | 44 | €14,287 | €10,342 | -€3,946 | -27.6% |
| Suppliers | 440/4 | €14,287 | €10,342 | -€3,946 | -27.6% |
| Taxes, remuneration and social security | 45 | €18,124 | €18,381 | +€257 | +1.4% |
| Taxes | 450/3 | €18,124 | €18,381 | +€257 | +1.4% |
| Other amounts payable | 47/48 | €91,848 | €148,185 | +€56,338 | +61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,923 | €44,661 | -€1,262 | -2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €28,846 | €887 | -€27,959 | -96.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €21,190 | €2,786 | -€18,404 | -86.9% |
| Gross operating margin | 9900 | €260,713 | €230,594 | -€30,118 | -11.6% |
| Operating profit (loss) | 9901 | €164,366 | €181,861 | +€17,495 | +10.6% |
| Financial income | 75/76B | €1,457 | - | -€1,457 | |
| Recurring financial income | 75 | €1,457 | - | -€1,457 | |
| Financial charges | 65/66B | €6,858 | €33,440 | +€26,582 | +388% |
| Recurring financial charges | 65 | €6,858 | €33,440 | +€26,582 | +388% |
| Profit (loss) for the period before taxes | 9903 | €158,964 | €148,420 | -€10,544 | -6.6% |
| Income taxes | 67/77 | €50,908 | €34,271 | -€16,637 | -32.7% |
| Profit (loss) for the period | 9904 | €108,056 | €114,150 | +€6,093 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,056 | €114,150 | +€6,093 | +5.6% |
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 13 October 2026 via checked.be.