CADANS: 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.
CADANS
Largest movements
- Cash +€49,699
up €49,699 (+40.2%), from €123,602 to €173,301
mainly Other debts (+€206,268) and Net result for the year (+€42,384)
- Tangible fixed assets -€17,022
down €17,022 (-10.5%), from €161,414 to €144,392
of which Land and buildings: -€17,414
- Other debts +€206,268
up €206,268 (+655%), from €31,511 to €237,779
- Reserves -€189,195
down €189,195 (-14.0%), from €1.4m to €1.2m
of which Distributable reserves: -€189,195
- Gross operating margin +€27,325
up €27,325 (+84.8%), from €32,216 to €59,541
- Financial income +€16,519
up €16,519 (+443%), from €3,730 to €20,249
of which Financial income: +€17,893
- Taxes +€12,431
up €12,431 (+587%), from €2,118 to €14,549
- Financial charges +€763
up €763 (+182%), from €420 to €1,182
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 | €1,654,658 | €1,674,120 | +€19,462 | +1.2% |
| Fixed assets | 21/28 | €1,516,414 | €1,499,392 | -€17,022 | -1.1% |
| Tangible fixed assets | 22/27 | €161,414 | €144,392 | -€17,022 | -10.5% |
| Land and buildings | 22 | €115,082 | €97,668 | -€17,414 | -15.1% |
| Plant, machinery and equipment | 23 | €1,143 | €1,663 | +€520 | +45.5% |
| Furniture and vehicles | 24 | €45,188 | €45,060 | -€128 | -0.3% |
| Financial fixed assets | 28 | €1,355,000 | €1,355,000 | = | 0.0% |
| Current assets | 29/58 | €138,244 | €174,728 | +€36,484 | +26.4% |
| Amounts receivable within one year | 40/41 | €13,107 | €0 | -€13,107 | -100% |
| Other amounts receivable | 41 | €13,107 | €0 | -€13,107 | -100% |
| Current investments | 50/53 | €1,250 | €1,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,602 | €173,301 | +€49,699 | +40.2% |
| Deferred charges and accrued income | 490/1 | €286 | €177 | -€108 | -37.9% |
| Total equity and liabilities | 10/49 | €1,654,658 | €1,674,120 | +€19,462 | +1.2% |
| Equity | 10/15 | €1,622,189 | €1,432,994 | -€189,195 | -11.7% |
| Contributions | 10/11 | €267,300 | €267,300 | = | 0.0% |
| Capital | 10 | €267,300 | €267,300 | = | 0.0% |
| Issued capital | 100 | €267,300 | €267,300 | = | 0.0% |
| Reserves | 13 | €1,354,889 | €1,165,694 | -€189,195 | -14.0% |
| Non-distributable reserves | 130/1 | €33,000 | €33,000 | = | 0.0% |
| Legal reserve | 130 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €1,321,889 | €1,132,694 | -€189,195 | -14.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,469 | €241,126 | +€208,657 | +643% |
| Amounts payable within one year | 42/48 | €32,469 | €241,114 | +€208,645 | +643% |
| Trade debts | 44 | €958 | €497 | -€461 | -48.1% |
| Suppliers | 440/4 | €958 | €497 | -€461 | -48.1% |
| Taxes, remuneration and social security | 45 | €0 | €2,838 | +€2,838 | |
| Taxes | 450/3 | €0 | €2,838 | +€2,838 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,511 | €237,779 | +€206,268 | +655% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Non-recurring operating income | 76A | - | €268 | +€268 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,615 | €18,071 | -€544 | -2.9% |
| Other operating charges | 640/8 | €3,428 | €3,540 | +€112 | +3.3% |
| Non-recurring operating charges | 66A | €432 | €63 | -€369 | -85.3% |
| Gross operating margin | 9900 | €32,216 | €59,541 | +€27,325 | +84.8% |
| Operating profit (loss) | 9901 | €9,741 | €37,866 | +€28,126 | +289% |
| Financial income | 75/76B | €3,730 | €20,249 | +€16,519 | +443% |
| Recurring financial income | 75 | €2,356 | €20,249 | +€17,893 | +760% |
| Non-recurring financial income | 76B | €1,375 | €0 | -€1,375 | -100% |
| Financial charges | 65/66B | €420 | €1,182 | +€763 | +182% |
| Recurring financial charges | 65 | €420 | €1,182 | +€763 | +182% |
| Profit (loss) for the period before taxes | 9903 | €13,051 | €56,933 | +€43,882 | +336% |
| Income taxes | 67/77 | €2,118 | €14,549 | +€12,431 | +587% |
| Profit (loss) for the period | 9904 | €10,933 | €42,384 | +€31,451 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €10,933 | €42,384 | +€31,451 | +288% |
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 17 October 2026 via checked.be.