RIC-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.
RIC-CARDIO
Largest movements
- Cash +€102,027
up €102,027 (+174%), from €58,640 to €160,667
mainly Net result for the year (+€142,050) and Depreciation (+€10,336)
- Receivables within one year +€42,742
up €42,742 (+52.6%), from €81,274 to €124,016
of which Trade receivables: +€48,676
- Tangible fixed assets -€10,236
down €10,236 (-24.1%), from €42,554 to €32,318
of which Furniture and vehicles: -€7,126
- Profit (loss) carried forward +€142,050
up €142,050 (+164%), from €86,605 to €228,655
- Tax, wage and social debts -€6,082
down €6,082 (-16.2%), from €37,616 to €31,534
of which Taxes: -€6,082
- Gross operating margin +€69,531
up €69,531 (+51.3%), from €135,435 to €204,966
- Taxes +€18,664
up €18,664 (+71.2%), from €26,214 to €44,877
- Other operating charges -€5,365
down €5,365 (-79.3%), from €6,767 to €1,402
- Financial charges +€3,321
up €3,321 (+111%), from €2,983 to €6,304
- Depreciation -€2,561
down €2,561 (-19.9%), from €12,896 to €10,336
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 | €187,979 | €323,646 | +€135,667 | +72.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €43,420 | €33,084 | -€10,336 | -23.8% |
| Intangible fixed assets | 21 | €867 | €767 | -€100 | -11.5% |
| Tangible fixed assets | 22/27 | €42,554 | €32,318 | -€10,236 | -24.1% |
| Plant, machinery and equipment | 23 | €26,951 | €23,841 | -€3,110 | -11.5% |
| Furniture and vehicles | 24 | €15,603 | €8,477 | -€7,126 | -45.7% |
| Current assets | 29/58 | €144,559 | €290,561 | +€146,002 | +101% |
| Amounts receivable within one year | 40/41 | €81,274 | €124,016 | +€42,742 | +52.6% |
| Trade receivables | 40 | €71,322 | €119,997 | +€48,676 | +68.2% |
| Other amounts receivable | 41 | €9,952 | €4,018 | -€5,934 | -59.6% |
| Cash at bank and in hand | 54/58 | €58,640 | €160,667 | +€102,027 | +174% |
| Deferred charges and accrued income | 490/1 | €4,645 | €5,878 | +€1,234 | +26.6% |
| Total equity and liabilities | 10/49 | €187,979 | €323,646 | +€135,667 | +72.2% |
| Equity | 10/15 | €148,119 | €290,169 | +€142,050 | +95.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,514 | €56,514 | = | 0.0% |
| Distributable reserves | 133 | €56,514 | €56,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,605 | €228,655 | +€142,050 | +164% |
| Amounts payable | 17/49 | €39,860 | €33,476 | -€6,383 | -16.0% |
| Amounts payable within one year | 42/48 | €39,860 | €33,476 | -€6,383 | -16.0% |
| Trade debts | 44 | €2,243 | €1,942 | -€301 | -13.4% |
| Suppliers | 440/4 | €2,243 | €1,942 | -€301 | -13.4% |
| Taxes, remuneration and social security | 45 | €37,616 | €31,534 | -€6,082 | -16.2% |
| Taxes | 450/3 | €37,616 | €31,534 | -€6,082 | -16.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,896 | €10,336 | -€2,561 | -19.9% |
| Other operating charges | 640/8 | €6,767 | €1,402 | -€5,365 | -79.3% |
| Gross operating margin | 9900 | €135,435 | €204,966 | +€69,531 | +51.3% |
| Operating profit (loss) | 9901 | €115,772 | €193,229 | +€77,456 | +66.9% |
| Financial income | 75/76B | €30 | €3 | -€27 | -89.7% |
| Recurring financial income | 75 | €30 | €3 | -€27 | -89.7% |
| Financial charges | 65/66B | €2,983 | €6,304 | +€3,321 | +111% |
| Recurring financial charges | 65 | €2,983 | €6,304 | +€3,321 | +111% |
| Profit (loss) for the period before taxes | 9903 | €112,819 | €186,927 | +€74,108 | +65.7% |
| Income taxes | 67/77 | €26,214 | €44,877 | +€18,664 | +71.2% |
| Profit (loss) for the period | 9904 | €86,605 | €142,050 | +€55,444 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,605 | €142,050 | +€55,444 | +64.0% |
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 22 October 2026 via checked.be.