ABDIJ-KADO: 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.
ABDIJ-KADO
Largest movements
- Deferred charges and accrued income -€171,071
down €171,071 (-98.8%), from €173,171 to €2,100
- Receivables within one year -€32,204
down €32,204 (-56.7%), from €56,777 to €24,573
- Cash +€18,935
up €18,935 (+5,140%), from €368 to €19,304
mainly Deferred charges and accrued income (+€171,071) and Receivables within one year (+€32,204)
- Tangible fixed assets -€10,926
down €10,926 (-12.3%), from €89,098 to €78,172
of which Other tangible fixed assets: -€8,680
- Trade debts -€173,027
down €173,027 (-92.0%), from €187,975 to €14,947
- Profit (loss) carried forward -€33,963
new in 2025: -€33,963
- Tax, wage and social debts +€23,824
up €23,824 (+56.5%), from €42,178 to €66,002
of which Taxes: +€25,824
- Current portion of long-term debt -€10,000
down €10,000 (-74.7%), from €13,392 to €3,392
- Debts after one year -€5,615
down €5,615 (-2.3%), from €240,906 to €235,291
- Gross operating margin +€41,912
up €41,912, from -€19,647 to €22,265
- Other operating charges -€36,229
down €36,229 (-83.8%), from €43,244 to €7,015
- Financial charges +€15,030
up €15,030 (+58.7%), from €25,592 to €40,622
of which Financial charges: +€12,887
- Financial income -€1,401
down €1,401 (-36.8%), from €3,805 to €2,403
- Staff costs +€620
new in 2025: €620
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 | €506,119 | €310,854 | -€195,265 | -38.6% |
| Fixed assets | 21/28 | €125,803 | €114,877 | -€10,926 | -8.7% |
| Tangible fixed assets | 22/27 | €89,098 | €78,172 | -€10,926 | -12.3% |
| Plant, machinery and equipment | 23 | €3,484 | €2,734 | -€750 | -21.5% |
| Furniture and vehicles | 24 | €5,845 | €4,350 | -€1,495 | -25.6% |
| Other tangible fixed assets | 26 | €79,769 | €71,088 | -€8,680 | -10.9% |
| Financial fixed assets | 28 | €36,705 | €36,705 | = | 0.0% |
| Current assets | 29/58 | €380,316 | €195,976 | -€184,339 | -48.5% |
| Stocks and contracts in progress | 3 | €150,000 | €150,000 | = | 0.0% |
| Stocks | 30/36 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,777 | €24,573 | -€32,204 | -56.7% |
| Other amounts receivable | 41 | €56,777 | €24,573 | -€32,204 | -56.7% |
| Cash at bank and in hand | 54/58 | €368 | €19,304 | +€18,935 | +5,140% |
| Deferred charges and accrued income | 490/1 | €173,171 | €2,100 | -€171,071 | -98.8% |
| Total equity and liabilities | 10/49 | €506,119 | €310,854 | -€195,265 | -38.6% |
| Equity | 10/15 | €21,668 | -€13,503 | -€35,172 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,068 | €1,860 | -€1,208 | -39.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,208 | - | -€1,208 | |
| Profit (loss) carried forward | 14 | - | -€33,963 | -€33,963 | |
| Amounts payable | 17/49 | €484,451 | €324,357 | -€160,094 | -33.0% |
| Amounts payable after more than one year | 17 | €240,906 | €235,291 | -€5,615 | -2.3% |
| Financial debts | 170/4 | €240,906 | €235,291 | -€5,615 | -2.3% |
| Amounts payable within one year | 42/48 | €243,545 | €89,066 | -€154,479 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €13,392 | €3,392 | -€10,000 | -74.7% |
| Financial debts | 43 | - | €4,724 | +€4,724 | |
| Credit institutions | 430/8 | - | €4,724 | +€4,724 | |
| Trade debts | 44 | €187,975 | €14,947 | -€173,027 | -92.0% |
| Suppliers | 440/4 | €187,975 | €14,947 | -€173,027 | -92.0% |
| Taxes, remuneration and social security | 45 | €42,178 | €66,002 | +€23,824 | +56.5% |
| Taxes | 450/3 | €40,178 | €66,002 | +€25,824 | +64.3% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €620 | +€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,442 | €10,926 | +€483 | +4.6% |
| Other operating charges | 640/8 | €43,244 | €7,015 | -€36,229 | -83.8% |
| Gross operating margin | 9900 | -€19,647 | €22,265 | +€41,912 | |
| Operating profit (loss) | 9901 | -€73,333 | €3,705 | +€77,038 | |
| Financial income | 75/76B | €3,805 | €2,403 | -€1,401 | -36.8% |
| Recurring financial income | 75 | €3,805 | €2,403 | -€1,401 | -36.8% |
| Financial charges | 65/66B | €25,592 | €40,622 | +€15,030 | +58.7% |
| Recurring financial charges | 65 | €25,566 | €38,453 | +€12,887 | +50.4% |
| Non-recurring financial charges | 66B | €26 | €2,170 | +€2,143 | +8,149% |
| Profit (loss) for the period before taxes | 9903 | -€95,121 | -€34,514 | +€60,606 | +63.7% |
| Income taxes | 67/77 | €450 | €657 | +€208 | +46.1% |
| Profit (loss) for the period | 9904 | -€95,570 | -€35,172 | +€60,399 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,570 | -€35,172 | +€60,399 | +63.2% |
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 19 October 2026 via checked.be.