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
- Cash +€9,570
up €9,570 (+192.7%), from €4,967 to €14,537
mainly Net result for the year (+€13,597) and Depreciation (+€8,812)
- Tangible fixed assets -€8,812
down €8,812 (-34.5%), from €25,531 to €16,719
of which Leasing and similar rights: -€7,415
- Receivables within one year +€1,909
up €1,909 (+20.7%), from €9,231 to €11,140
- Reserves +€9,597
up €9,597 (+207.7%), from €4,622 to €14,219
- Debts after one year -€7,686
down €7,686 (-43.0%), from €17,867 to €10,181
- Other debts -€671
down €671 (-98.6%), from €680 to €10
- Trade debts +€629
up €629 (+44.1%), from €1,426 to €2,055
- Gross operating margin +€9,683
up €9,683 (+47.6%), from €20,362 to €30,045
- Taxes +€2,210
up €2,210 (+63.2%), from €3,499 to €5,710
- Financial charges -€408
down €408 (-21.4%), from €1,906 to €1,498
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 | €40,170 | €42,510 | +€2,341 | +5.8% |
| Fixed assets | 21/28 | €25,531 | €16,719 | -€8,812 | -34.5% |
| Tangible fixed assets | 22/27 | €25,531 | €16,719 | -€8,812 | -34.5% |
| Plant, machinery and equipment | 23 | €975 | - | -€975 | |
| Furniture and vehicles | 24 | €458 | €35 | -€422 | -92.3% |
| Leasing and similar rights | 25 | €24,098 | €16,683 | -€7,415 | -30.8% |
| Current assets | 29/58 | €14,639 | €25,792 | +€11,153 | +76.2% |
| Amounts receivable within one year | 40/41 | €9,231 | €11,140 | +€1,909 | +20.7% |
| Trade receivables | 40 | €9,231 | €11,140 | +€1,909 | +20.7% |
| Cash at bank and in hand | 54/58 | €4,967 | €14,537 | +€9,570 | +192.7% |
| Deferred charges and accrued income | 490/1 | €442 | €115 | -€327 | -74.0% |
| Total equity and liabilities | 10/49 | €40,170 | €42,510 | +€2,341 | +5.8% |
| Equity | 10/15 | €5,122 | €14,719 | +€9,597 | +187.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €4,622 | €14,219 | +€9,597 | +207.7% |
| Distributable reserves | 133 | €4,622 | €14,219 | +€9,597 | +207.7% |
| Amounts payable | 17/49 | €35,048 | €27,792 | -€7,257 | -20.7% |
| Amounts payable after more than one year | 17 | €17,867 | €10,181 | -€7,686 | -43.0% |
| Financial debts | 170/4 | €17,867 | €10,181 | -€7,686 | -43.0% |
| Amounts payable within one year | 42/48 | €17,181 | €17,611 | +€430 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €7,301 | €7,686 | +€385 | +5.3% |
| Trade debts | 44 | €1,426 | €2,055 | +€629 | +44.1% |
| Suppliers | 440/4 | €1,426 | €2,055 | +€629 | +44.1% |
| Taxes, remuneration and social security | 45 | €7,774 | €7,860 | +€86 | +1.1% |
| Taxes | 450/3 | €7,774 | €7,860 | +€86 | +1.1% |
| Other amounts payable | 47/48 | €680 | €10 | -€671 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,007 | €8,812 | -€195 | -2.2% |
| Other operating charges | 640/8 | €396 | €428 | +€32 | +8.0% |
| Gross operating margin | 9900 | €20,362 | €30,045 | +€9,683 | +47.6% |
| Operating profit (loss) | 9901 | €10,958 | €20,805 | +€9,846 | +89.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,906 | €1,498 | -€408 | -21.4% |
| Recurring financial charges | 65 | €1,906 | €1,498 | -€408 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €9,052 | €19,307 | +€10,255 | +113.3% |
| Income taxes | 67/77 | €3,499 | €5,710 | +€2,210 | +63.2% |
| Profit (loss) for the period | 9904 | €5,553 | €13,597 | +€8,044 | +144.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,553 | €13,597 | +€8,044 | +144.9% |
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 6 October 2026 via checked.be.