CADEAU: 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.
CADEAU
Largest movements
- Receivables within one year +€39,901
up €39,901 (+185.2%), from €21,543 to €61,444
of which Trade receivables: +€34,384
- Cash +€19,500
up €19,500 (+10.8%), from €181,306 to €200,806
mainly Net result for the year (+€67,410) and Depreciation (+€7,081)
- Tangible fixed assets -€7,081
down €7,081 (-34.0%), from €20,807 to €13,726
of which Furniture and vehicles: -€6,502
- Reserves +€67,400
up €67,400 (+22.3%), from €302,150 to €369,550
- Tax, wage and social debts -€16,226
down €16,226 (-86.9%), from €18,664 to €2,438
- Gross operating margin -€18,638
down €18,638 (-15.6%), from €119,408 to €100,771
- Financial income +€6,807
up €6,807 (+1084.1%), from €628 to €7,435
- Taxes -€3,813
down €3,813 (-10.8%), from €35,340 to €31,526
- Financial charges -€1,223
down €1,223 (-56.3%), from €2,171 to €948
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 | €326,452 | €378,032 | +€51,580 | +15.8% |
| Fixed assets | 21/28 | €20,807 | €13,726 | -€7,081 | -34.0% |
| Tangible fixed assets | 22/27 | €20,807 | €13,726 | -€7,081 | -34.0% |
| Plant, machinery and equipment | 23 | €624 | €46 | -€578 | -92.6% |
| Furniture and vehicles | 24 | €20,183 | €13,680 | -€6,502 | -32.2% |
| Current assets | 29/58 | €305,646 | €364,306 | +€58,660 | +19.2% |
| Amounts receivable within one year | 40/41 | €21,543 | €61,444 | +€39,901 | +185.2% |
| Trade receivables | 40 | €14,047 | €48,431 | +€34,384 | +244.8% |
| Other amounts receivable | 41 | €7,496 | €13,013 | +€5,517 | +73.6% |
| Current investments | 50/53 | €100,623 | €101,571 | +€948 | +0.9% |
| Cash at bank and in hand | 54/58 | €181,306 | €200,806 | +€19,500 | +10.8% |
| Deferred charges and accrued income | 490/1 | €2,174 | €484 | -€1,689 | -77.7% |
| Total equity and liabilities | 10/49 | €326,452 | €378,032 | +€51,580 | +15.8% |
| Equity | 10/15 | €307,517 | €374,927 | +€67,410 | +21.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €302,150 | €369,550 | +€67,400 | +22.3% |
| Distributable reserves | 133 | €302,150 | €369,550 | +€67,400 | +22.3% |
| Profit (loss) carried forward | 14 | €367 | €377 | +€10 | +2.7% |
| Amounts payable | 17/49 | €18,935 | €3,105 | -€15,830 | -83.6% |
| Amounts payable within one year | 42/48 | €18,913 | €3,105 | -€15,808 | -83.6% |
| Trade debts | 44 | €249 | €667 | +€418 | +167.5% |
| Suppliers | 440/4 | €249 | €667 | +€418 | +167.5% |
| Taxes, remuneration and social security | 45 | €18,664 | €2,438 | -€16,226 | -86.9% |
| Taxes | 450/3 | €18,664 | €2,438 | -€16,226 | -86.9% |
| Accrued charges and deferred income | 492/3 | €22 | - | -€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,847 | €7,081 | +€233 | +3.4% |
| Other operating charges | 640/8 | €698 | €1,241 | +€543 | +77.8% |
| Gross operating margin | 9900 | €119,408 | €100,771 | -€18,638 | -15.6% |
| Operating profit (loss) | 9901 | €111,863 | €92,449 | -€19,414 | -17.4% |
| Financial income | 75/76B | €628 | €7,435 | +€6,807 | +1084.1% |
| Recurring financial income | 75 | €628 | €7,435 | +€6,807 | +1084.1% |
| Financial charges | 65/66B | €2,171 | €948 | -€1,223 | -56.3% |
| Recurring financial charges | 65 | €2,171 | €948 | -€1,223 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €110,320 | €98,936 | -€11,384 | -10.3% |
| Income taxes | 67/77 | €35,340 | €31,526 | -€3,813 | -10.8% |
| Profit (loss) for the period | 9904 | €74,981 | €67,410 | -€7,571 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,981 | €67,410 | -€7,571 | -10.1% |
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 3 October 2026 via checked.be.