CADECO: 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.
CADECO
Largest movements
- Receivables within one year +€32,987
up €32,987 (+311.9%), from €10,575 to €43,562
- Cash -€2,672
down €2,672 (-78.3%), from €3,414 to €742
mainly Receivables within one year (-€32,987) and Contributions, distributions and other (-€24,000)
- Other debts +€24,000
up €24,000 (+2526.3%), from €950 to €24,950
- Profit (loss) carried forward +€4,731
up €4,731 (+15.3%), from -€30,854 to -€26,123
- Tax, wage and social debts +€1,653
new in 2023: €1,653
- Gross operating margin +€4,691
up €4,691 (+15.3%), from €30,561 to €35,252
- Depreciation +€3,400
new in 2023: €3,400
- Taxes +€1,653
new in 2023: €1,653
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,989 | €44,306 | +€30,317 | +216.7% |
| Current assets | 29/58 | €13,989 | €44,306 | +€30,317 | +216.7% |
| Amounts receivable within one year | 40/41 | €10,575 | €43,562 | +€32,987 | +311.9% |
| Trade receivables | 40 | €10,575 | €43,562 | +€32,987 | +311.9% |
| Cash at bank and in hand | 54/58 | €3,414 | €742 | -€2,672 | -78.3% |
| Deferred charges and accrued income | 490/1 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €13,989 | €44,306 | +€30,317 | +216.7% |
| Equity | 10/15 | -€10,403 | -€5,672 | +€4,731 | +45.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,854 | -€26,123 | +€4,731 | +15.3% |
| Amounts payable | 17/49 | €24,392 | €49,978 | +€25,586 | +104.9% |
| Amounts payable within one year | 42/48 | €24,392 | €49,978 | +€25,586 | +104.9% |
| Trade debts | 44 | €23,442 | €23,375 | -€67 | -0.3% |
| Suppliers | 440/4 | €23,442 | €23,375 | -€67 | -0.3% |
| Taxes, remuneration and social security | 45 | - | €1,653 | +€1,653 | |
| Taxes | 450/3 | - | €1,653 | +€1,653 | |
| Other amounts payable | 47/48 | €950 | €24,950 | +€24,000 | +2526.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,400 | +€3,400 | |
| Other operating charges | 640/8 | €633 | €604 | -€29 | -4.6% |
| Non-recurring operating charges | 66A | €5,261 | €417 | -€4,844 | -92.1% |
| Gross operating margin | 9900 | €30,561 | €35,252 | +€4,691 | +15.3% |
| Operating profit (loss) | 9901 | €24,667 | €30,831 | +€6,164 | +25.0% |
| Financial charges | 65/66B | €454 | €447 | -€7 | -1.5% |
| Recurring financial charges | 65 | €454 | €447 | -€7 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €24,213 | €30,384 | +€6,171 | +25.5% |
| Income taxes | 67/77 | - | €1,653 | +€1,653 | |
| Profit (loss) for the period | 9904 | €24,213 | €28,731 | +€4,518 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,213 | €28,731 | +€4,518 | +18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.