CADAK: 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.
CADAK
Largest movements
- Cash -€14,406
down €14,406 (-33.7%), from €42,744 to €28,337
mainly Other debts (-€15,028) and Current portion of long-term debt (-€6,451)
- Tangible fixed assets -€5,403
down €5,403 (-3.2%), from €171,216 to €165,814
- Current investments -€5,183
no longer reported in 2025 (was €5,183)
- Other debts -€15,028
down €15,028 (-12.0%), from €124,807 to €109,780
- Current portion of long-term debt -€6,451
down €6,451 (-57.1%), from €11,291 to €4,840
- Debts after one year -€4,840
no longer reported in 2025 (was €4,840)
- Financial income +€7,206
new in 2025: €7,206
- Gross operating margin +€2,239
up €2,239 (+45.3%), from €4,940 to €7,179
- Other operating charges +€964
up €964 (+38.5%), from €2,502 to €3,466
- Financial charges -€481
down €481 (-6.2%), from €7,781 to €7,300
- Staff costs +€90
no longer reported in 2025 (was -€90)
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 | €237,192 | €209,597 | -€27,594 | -11.6% |
| Fixed assets | 21/28 | €171,216 | €165,814 | -€5,403 | -3.2% |
| Tangible fixed assets | 22/27 | €171,216 | €165,814 | -€5,403 | -3.2% |
| Land and buildings | 22 | €171,216 | €165,814 | -€5,403 | -3.2% |
| Current assets | 29/58 | €65,975 | €43,784 | -€22,192 | -33.6% |
| Amounts receivable within one year | 40/41 | €17,746 | €15,446 | -€2,299 | -13.0% |
| Trade receivables | 40 | €17,746 | €15,446 | -€2,299 | -13.0% |
| Current investments | 50/53 | €5,183 | - | -€5,183 | |
| Cash at bank and in hand | 54/58 | €42,744 | €28,337 | -€14,406 | -33.7% |
| Deferred charges and accrued income | 490/1 | €303 | - | -€303 | |
| Total equity and liabilities | 10/49 | €237,192 | €209,597 | -€27,594 | -11.6% |
| Equity | 10/15 | €94,544 | €92,760 | -€1,784 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,944 | €74,160 | -€1,784 | -2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €66,584 | €64,800 | -€1,784 | -2.7% |
| Amounts payable | 17/49 | €142,648 | €116,837 | -€25,811 | -18.1% |
| Amounts payable after more than one year | 17 | €4,840 | - | -€4,840 | |
| Financial debts | 170/4 | €4,840 | - | -€4,840 | |
| Amounts payable within one year | 42/48 | €137,808 | €116,837 | -€20,971 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €11,291 | €4,840 | -€6,451 | -57.1% |
| Trade debts | 44 | - | €144 | +€144 | |
| Suppliers | 440/4 | - | €144 | +€144 | |
| Taxes, remuneration and social security | 45 | €1,710 | €2,073 | +€364 | +21.3% |
| Taxes | 450/3 | €1,710 | €2,073 | +€364 | +21.3% |
| Other amounts payable | 47/48 | €124,807 | €109,780 | -€15,028 | -12.0% |
| Remuneration, social security and pensions | 62 | -€90 | - | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,403 | €5,403 | = | 0.0% |
| Other operating charges | 640/8 | €2,502 | €3,466 | +€964 | +38.5% |
| Gross operating margin | 9900 | €4,940 | €7,179 | +€2,239 | +45.3% |
| Operating profit (loss) | 9901 | -€2,875 | -€1,689 | +€1,186 | +41.2% |
| Financial income | 75/76B | - | €7,206 | +€7,206 | |
| Recurring financial income | 75 | - | €7,206 | +€7,206 | |
| Financial charges | 65/66B | €7,781 | €7,300 | -€481 | -6.2% |
| Recurring financial charges | 65 | €7,781 | €7,300 | -€481 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,656 | -€1,784 | +€8,872 | +83.3% |
| Profit (loss) for the period | 9904 | -€10,656 | -€1,784 | +€8,872 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,656 | -€1,784 | +€8,872 | +83.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.