CADANS: 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.
CADANS
Largest movements
- Deferred charges and accrued income +€28,786
up €28,786 (+2853.4%), from €1,009 to €29,795
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Cash +€8,114
up €8,114 (+76.4%), from €10,627 to €18,740
mainly Net result for the year (+€53,629) and Receivables after one year (+€20,000)
- Receivables within one year +€4,548
up €4,548 (+21.1%), from €21,516 to €26,064
of which Other amounts receivable: +€5,103
- Tangible fixed assets -€1,297
down €1,297 (-52.2%), from €2,485 to €1,188
of which Other tangible fixed assets: -€707
- Reserves +€53,629
up €53,629 (+323.1%), from €16,597 to €70,226
- Other debts -€25,875
no longer reported in 2025 (was €25,875)
- Tax, wage and social debts -€6,708
down €6,708 (-73.3%), from €9,155 to €2,447
- Trade debts -€867
down €867 (-93.7%), from €925 to €58
- Gross operating margin +€47,570
up €47,570 (+200.0%), from €23,781 to €71,351
- Taxes +€10,121
up €10,121 (+210.6%), from €4,805 to €14,926
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 | €55,637 | €75,787 | +€20,150 | +36.2% |
| Fixed assets | 21/28 | €2,485 | €1,188 | -€1,297 | -52.2% |
| Tangible fixed assets | 22/27 | €2,485 | €1,188 | -€1,297 | -52.2% |
| Furniture and vehicles | 24 | €1,253 | €662 | -€591 | -47.2% |
| Other tangible fixed assets | 26 | €1,233 | €526 | -€707 | -57.3% |
| Current assets | 29/58 | €53,152 | €74,599 | +€21,447 | +40.4% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €21,516 | €26,064 | +€4,548 | +21.1% |
| Trade receivables | 40 | €18,321 | €17,766 | -€556 | -3.0% |
| Other amounts receivable | 41 | €3,195 | €8,298 | +€5,103 | +159.7% |
| Cash at bank and in hand | 54/58 | €10,627 | €18,740 | +€8,114 | +76.4% |
| Deferred charges and accrued income | 490/1 | €1,009 | €29,795 | +€28,786 | +2853.4% |
| Total equity and liabilities | 10/49 | €55,637 | €75,787 | +€20,150 | +36.2% |
| Equity | 10/15 | €19,597 | €73,226 | +€53,629 | +273.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,597 | €70,226 | +€53,629 | +323.1% |
| Distributable reserves | 133 | €16,597 | €70,226 | +€53,629 | +323.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €36,040 | €2,560 | -€33,479 | -92.9% |
| Amounts payable within one year | 42/48 | €36,040 | €2,560 | -€33,479 | -92.9% |
| Financial debts | 43 | €85 | €56 | -€30 | -34.9% |
| Credit institutions | 430/8 | €85 | €56 | -€30 | -34.9% |
| Trade debts | 44 | €925 | €58 | -€867 | -93.7% |
| Suppliers | 440/4 | €925 | €58 | -€867 | -93.7% |
| Taxes, remuneration and social security | 45 | €9,155 | €2,447 | -€6,708 | -73.3% |
| Taxes | 450/3 | €9,155 | €2,447 | -€6,708 | -73.3% |
| Other amounts payable | 47/48 | €25,875 | - | -€25,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,686 | €1,297 | -€388 | -23.0% |
| Other operating charges | 640/8 | €340 | €561 | +€221 | +65.1% |
| Gross operating margin | 9900 | €23,781 | €71,351 | +€47,570 | +200.0% |
| Operating profit (loss) | 9901 | €21,755 | €69,493 | +€47,738 | +219.4% |
| Financial income | 75/76B | €565 | €584 | +€19 | +3.3% |
| Recurring financial income | 75 | €565 | €584 | +€19 | +3.3% |
| Financial charges | 65/66B | €1,738 | €1,521 | -€217 | -12.5% |
| Recurring financial charges | 65 | €1,738 | €1,521 | -€217 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €20,583 | €68,556 | +€47,973 | +233.1% |
| Income taxes | 67/77 | €4,805 | €14,926 | +€10,121 | +210.6% |
| Profit (loss) for the period | 9904 | €15,777 | €53,629 | +€37,852 | +239.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,777 | €53,629 | +€37,852 | +239.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.