CADANPSY: 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.
CADANPSY
Largest movements
- Cash -€68,616
down €68,616 (-83.0%), from €82,688 to €14,073
mainly Contributions, distributions and other (-€76,188) and Investment in fixed assets (net) (-€24,439)
- Tangible fixed assets +€14,382
up €14,382 (+41.2%), from €34,907 to €49,289
of which Plant, machinery and equipment: +€19,136
- Receivables within one year -€5,606
down €5,606 (-53.9%), from €10,406 to €4,800
of which Trade receivables: -€4,486
- Current investments -€4,574
no longer reported in 2025 (was €4,574)
- Reserves -€66,188
down €66,188 (-68.7%), from €96,402 to €30,214
of which Distributable reserves: -€66,188
- Other debts +€5,669
up €5,669 (+255.0%), from €2,223 to €7,893
- Profit (loss) carried forward -€4,608
down €4,608 (-39.8%), from €11,586 to €6,978
- Gross operating margin -€38,076
down €38,076 (-60.1%), from €63,377 to €25,301
- Depreciation +€8,884
up €8,884 (+757.1%), from €1,173 to €10,057
- Taxes +€4,088
up €4,088 (+1534.9%), from €266 to €4,354
- Other operating charges -€2,416
down €2,416 (-49.4%), from €4,886 to €2,470
- Financial income +€1,526
up €1,526 (+691.2%), from €221 to €1,747
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 | €136,768 | €72,382 | -€64,386 | -47.1% |
| Fixed assets | 21/28 | €38,907 | €53,289 | +€14,382 | +37.0% |
| Tangible fixed assets | 22/27 | €34,907 | €49,289 | +€14,382 | +41.2% |
| Plant, machinery and equipment | 23 | - | €19,136 | +€19,136 | |
| Furniture and vehicles | 24 | €34,907 | €30,153 | -€4,754 | -13.6% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €97,861 | €19,093 | -€78,767 | -80.5% |
| Amounts receivable within one year | 40/41 | €10,406 | €4,800 | -€5,606 | -53.9% |
| Trade receivables | 40 | €4,486 | - | -€4,486 | |
| Other amounts receivable | 41 | €5,920 | €4,800 | -€1,120 | -18.9% |
| Current investments | 50/53 | €4,574 | - | -€4,574 | |
| Cash at bank and in hand | 54/58 | €82,688 | €14,073 | -€68,616 | -83.0% |
| Deferred charges and accrued income | 490/1 | €192 | €221 | +€29 | +15.0% |
| Total equity and liabilities | 10/49 | €136,768 | €72,382 | -€64,386 | -47.1% |
| Equity | 10/15 | €120,394 | €49,597 | -€70,797 | -58.8% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €96,402 | €30,214 | -€66,188 | -68.7% |
| 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 | €5,213 | €5,213 | = | 0.0% |
| Distributable reserves | 133 | €89,329 | €23,141 | -€66,188 | -74.1% |
| Profit (loss) carried forward | 14 | €11,586 | €6,978 | -€4,608 | -39.8% |
| Amounts payable | 17/49 | €16,374 | €22,785 | +€6,411 | +39.2% |
| Amounts payable within one year | 42/48 | €16,374 | €22,785 | +€6,411 | +39.2% |
| Trade debts | 44 | - | €983 | +€983 | |
| Suppliers | 440/4 | - | €983 | +€983 | |
| Taxes, remuneration and social security | 45 | €14,151 | €13,909 | -€241 | -1.7% |
| Taxes | 450/3 | €14,151 | €13,909 | -€241 | -1.7% |
| Other amounts payable | 47/48 | €2,223 | €7,893 | +€5,669 | +255.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,173 | €10,057 | +€8,884 | +757.1% |
| Other operating charges | 640/8 | €4,886 | €2,470 | -€2,416 | -49.4% |
| Non-recurring operating charges | 66A | - | €4,486 | +€4,486 | |
| Gross operating margin | 9900 | €63,377 | €25,301 | -€38,076 | -60.1% |
| Operating profit (loss) | 9901 | €57,318 | €8,288 | -€49,030 | -85.5% |
| Financial income | 75/76B | €221 | €1,747 | +€1,526 | +691.2% |
| Recurring financial income | 75 | €221 | €1,747 | +€1,526 | +691.2% |
| Financial charges | 65/66B | €291 | €288 | -€3 | -1.1% |
| Recurring financial charges | 65 | €291 | €288 | -€3 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €57,247 | €9,746 | -€47,501 | -83.0% |
| Income taxes | 67/77 | €266 | €4,354 | +€4,088 | +1534.9% |
| Profit (loss) for the period | 9904 | €56,981 | €5,392 | -€51,589 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,981 | €5,392 | -€51,589 | -90.5% |
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 12 October 2026 via checked.be.