MD CARDIO: 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.
MD CARDIO
Largest movements
- Cash -€214,701
down €214,701 (-70.3%), from €305,613 to €90,912
mainly Contributions, distributions and other (-€491,852) and Trade debts (-€1,804)
- Tangible fixed assets -€6,255
down €6,255 (-31.7%), from €19,711 to €13,456
of which Furniture and vehicles: -€4,872
- Receivables within one year -€5,233
down €5,233 (-9.7%), from €53,950 to €48,717
- Profit (loss) carried forward -€404,747
down €404,747 (-98.3%), from €411,852 to €7,104
- Other debts +€167,256
up €167,256, from €0 to €167,256
- Tax, wage and social debts +€8,973
up €8,973 (+176%), from €5,100 to €14,073
of which Taxes: +€11,973
- Gross operating margin -€128,493
down €128,493 (-52.1%), from €246,861 to €118,368
- Purchases and services -€96,323
no longer reported in 2025 (was €96,323)
- Taxes -€32,396
down €32,396 (-57.4%), from €56,483 to €24,087
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 | €420,304 | €189,982 | -€230,322 | -54.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €20,753 | €14,498 | -€6,255 | -30.1% |
| Tangible fixed assets | 22/27 | €19,711 | €13,456 | -€6,255 | -31.7% |
| Plant, machinery and equipment | 23 | €4,906 | €3,524 | -€1,382 | -28.2% |
| Furniture and vehicles | 24 | €14,805 | €9,932 | -€4,872 | -32.9% |
| Financial fixed assets | 28 | €1,042 | €1,042 | = | 0.0% |
| Current assets | 29/58 | €399,551 | €175,483 | -€224,067 | -56.1% |
| Amounts receivable within one year | 40/41 | €53,950 | €48,717 | -€5,233 | -9.7% |
| Other amounts receivable | 41 | €53,950 | €48,717 | -€5,233 | -9.7% |
| Current investments | 50/53 | €38,107 | €34,468 | -€3,639 | -9.5% |
| Cash at bank and in hand | 54/58 | €305,613 | €90,912 | -€214,701 | -70.3% |
| Deferred charges and accrued income | 490/1 | €1,881 | €1,386 | -€494 | -26.3% |
| Total equity and liabilities | 10/49 | €420,304 | €189,982 | -€230,322 | -54.8% |
| Equity | 10/15 | €413,352 | €8,604 | -€404,747 | -97.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €411,852 | €7,104 | -€404,747 | -98.3% |
| Amounts payable | 17/49 | €6,952 | €181,378 | +€174,425 | +2,509% |
| Amounts payable within one year | 42/48 | €6,952 | €181,378 | +€174,425 | +2,509% |
| Trade debts | 44 | €1,852 | €48 | -€1,804 | -97.4% |
| Suppliers | 440/4 | €1,852 | €48 | -€1,804 | -97.4% |
| Taxes, remuneration and social security | 45 | €5,100 | €14,073 | +€8,973 | +176% |
| Taxes | 450/3 | €2,100 | €14,073 | +€11,973 | +570% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €0 | €167,256 | +€167,256 | |
| Goods, raw materials, services and sundry goods | 60/61 | €96,323 | - | -€96,323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,100 | €7,637 | -€2,464 | -24.4% |
| Other operating charges | 640/8 | €385 | €235 | -€150 | -39.0% |
| Gross operating margin | 9900 | €246,861 | €118,368 | -€128,493 | -52.1% |
| Operating profit (loss) | 9901 | €236,376 | €110,497 | -€125,879 | -53.3% |
| Financial income | 75/76B | €2,674 | €816 | -€1,857 | -69.5% |
| Recurring financial income | 75 | €2,674 | €816 | -€1,857 | -69.5% |
| Financial charges | 65/66B | €114 | €122 | +€7 | +6.5% |
| Recurring financial charges | 65 | €114 | €122 | +€7 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €238,935 | €111,191 | -€127,744 | -53.5% |
| Income taxes | 67/77 | €56,483 | €24,087 | -€32,396 | -57.4% |
| Profit (loss) for the period | 9904 | €182,452 | €87,104 | -€95,348 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €182,452 | €87,104 | -€95,348 | -52.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.