EB Cardio: 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.
EB Cardio
Largest movements
- Cash +€249,243
up €249,243 (+166.6%), from €149,589 to €398,832
mainly Net result for the year (+€275,457) and Tax, wage and social debts (+€24,986)
- Current investments +€20,000
up €20,000 (+14.3%), from €140,000 to €160,000
- Receivables within one year -€5,820
down €5,820 (-92.1%), from €6,320 to €500
of which Other amounts receivable: -€5,520
- Reserves +€240,457
up €240,457 (+96.8%), from €248,291 to €488,748
- Tax, wage and social debts +€24,986
up €24,986 (+42.3%), from €59,005 to €83,990
- Gross operating margin +€101,729
up €101,729 (+39.4%), from €258,462 to €360,191
- Taxes +€26,073
up €26,073 (+44.0%), from €59,305 to €85,378
- Financial income +€3,858
up €3,858 (+385.8%), from €1,000 to €4,858
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 | €312,539 | €581,661 | +€269,122 | +86.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,293 | €19,168 | +€2,875 | +17.6% |
| Tangible fixed assets | 22/27 | €15,293 | €18,168 | +€2,875 | +18.8% |
| Plant, machinery and equipment | 23 | €5,717 | €5,105 | -€612 | -10.7% |
| Furniture and vehicles | 24 | €9,575 | €13,063 | +€3,487 | +36.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €296,246 | €562,493 | +€266,247 | +89.9% |
| Amounts receivable within one year | 40/41 | €6,320 | €500 | -€5,820 | -92.1% |
| Trade receivables | 40 | €800 | €500 | -€300 | -37.5% |
| Other amounts receivable | 41 | €5,520 | €0 | -€5,520 | -100.0% |
| Current investments | 50/53 | €140,000 | €160,000 | +€20,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €149,589 | €398,832 | +€249,243 | +166.6% |
| Deferred charges and accrued income | 490/1 | €337 | €3,161 | +€2,824 | +838.4% |
| Total equity and liabilities | 10/49 | €312,539 | €581,661 | +€269,122 | +86.1% |
| Equity | 10/15 | €252,291 | €492,748 | +€240,457 | +95.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €248,291 | €488,748 | +€240,457 | +96.8% |
| Distributable reserves | 133 | €248,291 | €488,748 | +€240,457 | +96.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,248 | €88,913 | +€28,665 | +47.6% |
| Amounts payable after more than one year | 17 | €0 | €2,730 | +€2,730 | |
| Other amounts payable | 178/9 | €0 | €2,730 | +€2,730 | |
| Amounts payable within one year | 42/48 | €60,248 | €86,184 | +€25,935 | +43.0% |
| Trade debts | 44 | €1,243 | €2,193 | +€950 | +76.4% |
| Suppliers | 440/4 | €1,243 | €2,193 | +€950 | +76.4% |
| Taxes, remuneration and social security | 45 | €59,005 | €83,990 | +€24,986 | +42.3% |
| Taxes | 450/3 | €59,005 | €83,990 | +€24,986 | +42.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,917 | €4,165 | +€1,248 | +42.8% |
| Gross operating margin | 9900 | €258,462 | €360,191 | +€101,729 | +39.4% |
| Operating profit (loss) | 9901 | €255,545 | €356,026 | +€100,481 | +39.3% |
| Financial income | 75/76B | €1,000 | €4,858 | +€3,858 | +385.8% |
| Recurring financial income | 75 | €1,000 | €4,858 | +€3,858 | +385.8% |
| Financial charges | 65/66B | €99 | €49 | -€50 | -50.5% |
| Recurring financial charges | 65 | €99 | €49 | -€50 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €256,446 | €360,835 | +€104,389 | +40.7% |
| Income taxes | 67/77 | €59,305 | €85,378 | +€26,073 | +44.0% |
| Profit (loss) for the period | 9904 | €197,141 | €275,457 | +€78,316 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €197,141 | €275,457 | +€78,316 | +39.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.