CADAIM: 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.
CADAIM
Largest movements
- Current investments -€34,518
down €34,518 (-31.1%), from €111,093 to €76,575
- Cash -€23,771
down €23,771 (-45.9%), from €51,772 to €28,002
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€14,410)
- Tangible fixed assets -€14,473
down €14,473 (-34.1%), from €42,407 to €27,934
of which Furniture and vehicles: -€14,288
- Receivables within one year +€14,410
up €14,410 (+67.6%), from €21,323 to €35,733
of which Trade receivables: +€15,585
- Profit (loss) carried forward -€54,691
down €54,691 (-57.5%), from €95,146 to €40,454
- Debts after one year -€9,965
no longer reported in 2025 (was €9,965)
- Other debts +€7,648
up €7,648 (+9.3%), from €82,620 to €90,268
- Financial income +€6,169
up €6,169 (+543.4%), from €1,135 to €7,304
- Depreciation +€3,952
up €3,952 (+37.2%), from €10,615 to €14,567
- Gross operating margin +€2,665
up €2,665 (+5.3%), from €50,707 to €53,372
- Taxes +€1,021
up €1,021 (+12.6%), from €8,096 to €9,117
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 | €226,685 | €168,334 | -€58,351 | -25.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €42,497 | €28,024 | -€14,473 | -34.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €42,407 | €27,934 | -€14,473 | -34.1% |
| Land and buildings | 22 | €1,514 | €1,329 | -€186 | -12.3% |
| Furniture and vehicles | 24 | €40,893 | €26,606 | -€14,288 | -34.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €184,188 | €140,310 | -€43,878 | -23.8% |
| Amounts receivable within one year | 40/41 | €21,323 | €35,733 | +€14,410 | +67.6% |
| Trade receivables | 40 | €18,900 | €34,485 | +€15,585 | +82.5% |
| Other amounts receivable | 41 | €2,422 | €1,248 | -€1,175 | -48.5% |
| Current investments | 50/53 | €111,093 | €76,575 | -€34,518 | -31.1% |
| Cash at bank and in hand | 54/58 | €51,772 | €28,002 | -€23,771 | -45.9% |
| Total equity and liabilities | 10/49 | €226,685 | €168,334 | -€58,351 | -25.7% |
| Equity | 10/15 | €115,606 | €60,914 | -€54,691 | -47.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,146 | €40,454 | -€54,691 | -57.5% |
| Amounts payable | 17/49 | €111,079 | €107,419 | -€3,660 | -3.3% |
| Amounts payable after more than one year | 17 | €9,965 | - | -€9,965 | |
| Financial debts | 170/4 | €9,965 | - | -€9,965 | |
| Amounts payable within one year | 42/48 | €101,114 | €107,419 | +€6,305 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €11,537 | €9,965 | -€1,571 | -13.6% |
| Trade debts | 44 | €673 | €1,712 | +€1,039 | +154.3% |
| Suppliers | 440/4 | €673 | €1,712 | +€1,039 | +154.3% |
| Taxes, remuneration and social security | 45 | €6,284 | €5,474 | -€810 | -12.9% |
| Taxes | 450/3 | €6,284 | €5,474 | -€810 | -12.9% |
| Other amounts payable | 47/48 | €82,620 | €90,268 | +€7,648 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,615 | €14,567 | +€3,952 | +37.2% |
| Other operating charges | 640/8 | €612 | €566 | -€45 | -7.4% |
| Gross operating margin | 9900 | €50,707 | €53,372 | +€2,665 | +5.3% |
| Operating profit (loss) | 9901 | €39,480 | €38,239 | -€1,242 | -3.1% |
| Financial income | 75/76B | €1,135 | €7,304 | +€6,169 | +543.4% |
| Recurring financial income | 75 | €1,135 | €7,304 | +€6,169 | +543.4% |
| Financial charges | 65/66B | €1,560 | €1,117 | -€443 | -28.4% |
| Recurring financial charges | 65 | €1,560 | €1,117 | -€443 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €39,056 | €44,426 | +€5,370 | +13.8% |
| Income taxes | 67/77 | €8,096 | €9,117 | +€1,021 | +12.6% |
| Profit (loss) for the period | 9904 | €30,959 | €35,309 | +€4,349 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,959 | €35,309 | +€4,349 | +14.0% |
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 3 October 2026 via checked.be.