Cadac Group: 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.
Cadac Group
Largest movements
- Receivables within one year +€566,659
up €566,659 (+79.1%), from €716,375 to €1.3m
of which Trade receivables: +€569,123
- Cash -€148,814
down €148,814 (-82.9%), from €179,583 to €30,770
mainly Receivables within one year (-€566,659) and Other debts (-€257,720)
- Trade debts +€577,334
up €577,334 (+5,689%), from €10,148 to €587,482
- Other debts -€257,720
down €257,720 (-99.8%), from €258,163 to €443
- Reserves +€54,836
up €54,836 (+40.2%), from €136,390 to €191,226
of which Distributable reserves: +€52,094
- Tax, wage and social debts +€29,298
up €29,298 (+22.6%), from €129,648 to €158,946
of which Taxes: +€25,166
- Staff costs +€28,811
up €28,811 (+5.1%), from €570,014 to €598,826
- Taxes +€13,876
up €13,876 (+119%), from €11,650 to €25,526
- Depreciation -€7,884
down €7,884 (-38.7%), from €20,374 to €12,490
- Gross operating margin -€7,494
down €7,494 (-1.1%), from €699,516 to €692,022
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 | €934,348 | €1,338,097 | +€403,749 | +43.2% |
| Fixed assets | 21/28 | €32,741 | €20,252 | -€12,490 | -38.1% |
| Intangible fixed assets | 21 | €125 | €0 | -€125 | -100% |
| Tangible fixed assets | 22/27 | €32,616 | €20,252 | -€12,365 | -37.9% |
| Furniture and vehicles | 24 | €32,616 | €20,252 | -€12,365 | -37.9% |
| Current assets | 29/58 | €901,607 | €1,317,846 | +€416,239 | +46.2% |
| Amounts receivable within one year | 40/41 | €716,375 | €1,283,034 | +€566,659 | +79.1% |
| Trade receivables | 40 | €711,627 | €1,280,751 | +€569,123 | +80.0% |
| Other amounts receivable | 41 | €4,748 | €2,283 | -€2,465 | -51.9% |
| Cash at bank and in hand | 54/58 | €179,583 | €30,770 | -€148,814 | -82.9% |
| Deferred charges and accrued income | 490/1 | €5,648 | €4,042 | -€1,606 | -28.4% |
| Total equity and liabilities | 10/49 | €934,348 | €1,338,097 | +€403,749 | +43.2% |
| Equity | 10/15 | €536,390 | €591,226 | +€54,836 | +10.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €136,390 | €191,226 | +€54,836 | +40.2% |
| Non-distributable reserves | 130/1 | €28,733 | €31,475 | +€2,742 | +9.5% |
| Legal reserve | 130 | €28,733 | €31,475 | +€2,742 | +9.5% |
| Distributable reserves | 133 | €107,657 | €159,751 | +€52,094 | +48.4% |
| Amounts payable | 17/49 | €397,958 | €746,871 | +€348,913 | +87.7% |
| Amounts payable within one year | 42/48 | €397,958 | €746,871 | +€348,913 | +87.7% |
| Trade debts | 44 | €10,148 | €587,482 | +€577,334 | +5,689% |
| Suppliers | 440/4 | €10,148 | €587,482 | +€577,334 | +5,689% |
| Taxes, remuneration and social security | 45 | €129,648 | €158,946 | +€29,298 | +22.6% |
| Taxes | 450/3 | €35,337 | €60,503 | +€25,166 | +71.2% |
| Remuneration and social security | 454/9 | €94,310 | €98,443 | +€4,133 | +4.4% |
| Other amounts payable | 47/48 | €258,163 | €443 | -€257,720 | -99.8% |
| Non-recurring operating income | 76A | €2,500 | €0 | -€2,500 | -100% |
| Remuneration, social security and pensions | 62 | €570,014 | €598,826 | +€28,811 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,374 | €12,490 | -€7,884 | -38.7% |
| Other operating charges | 640/8 | €0 | - | = | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €699,516 | €692,022 | -€7,494 | -1.1% |
| Operating profit (loss) | 9901 | €109,128 | €80,706 | -€28,422 | -26.0% |
| Financial charges | 65/66B | €339 | €344 | +€5 | +1.6% |
| Recurring financial charges | 65 | €339 | €344 | +€5 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €108,789 | €80,362 | -€28,427 | -26.1% |
| Income taxes | 67/77 | €11,650 | €25,526 | +€13,876 | +119% |
| Profit (loss) for the period | 9904 | €97,139 | €54,836 | -€42,303 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,139 | €54,836 | -€42,303 | -43.5% |
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.