Cadelstor: 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.
Cadelstor
Largest movements
- Cash +€468,856
up €468,856 (+2577.8%), from €18,189 to €487,044
- Receivables within one year +€350,533
up €350,533 (+39.9%), from €878,134 to €1.2m
of which Other amounts receivable: +€341,464
- Tangible fixed assets -€161,857
down €161,857 (-7.0%), from €2.3m to €2.2m
- Reserves +€695,232
up €695,232 (+25.9%), from €2.7m to €3.4m
of which Tax-exempt reserves: +€404,519
- Other debts -€80,926
down €80,926 (-65.3%), from €123,926 to €43,000
- Gross operating margin +€878,290
up €878,290 (+1443.0%), from €60,867 to €939,158
- Taxes +€57,106
up €57,106 (+36.3%), from €157,116 to €214,222
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,226,877 | €3,890,379 | +€663,501 | +20.6% |
| Fixed assets | 21/28 | €2,328,362 | €2,166,504 | -€161,857 | -7.0% |
| Tangible fixed assets | 22/27 | €2,328,362 | €2,166,504 | -€161,857 | -7.0% |
| Land and buildings | 22 | €2,328,362 | €2,166,504 | -€161,857 | -7.0% |
| Current assets | 29/58 | €898,516 | €1,723,874 | +€825,359 | +91.9% |
| Amounts receivable within one year | 40/41 | €878,134 | €1,228,666 | +€350,533 | +39.9% |
| Trade receivables | 40 | €3,330 | €12,398 | +€9,068 | +272.3% |
| Other amounts receivable | 41 | €874,804 | €1,216,268 | +€341,464 | +39.0% |
| Cash at bank and in hand | 54/58 | €18,189 | €487,044 | +€468,856 | +2577.8% |
| Deferred charges and accrued income | 490/1 | €2,194 | €8,164 | +€5,970 | +272.2% |
| Total equity and liabilities | 10/49 | €3,226,877 | €3,890,379 | +€663,501 | +20.6% |
| Equity | 10/15 | €2,910,262 | €3,605,494 | +€695,232 | +23.9% |
| Contributions | 10/11 | €224,935 | €224,935 | = | 0.0% |
| Reserves | 13 | €2,685,327 | €3,380,559 | +€695,232 | +25.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €384,901 | €789,419 | +€404,519 | +105.1% |
| Distributable reserves | 133 | €2,300,426 | €2,591,140 | +€290,714 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €128,300 | €143,856 | +€15,556 | +12.1% |
| Deferred taxes | 168 | €128,300 | €143,856 | +€15,556 | +12.1% |
| Amounts payable | 17/49 | €188,315 | €141,028 | -€47,287 | -25.1% |
| Amounts payable within one year | 42/48 | €169,331 | €126,255 | -€43,076 | -25.4% |
| Trade debts | 44 | €45,405 | €83,255 | +€37,849 | +83.4% |
| Suppliers | 440/4 | €45,405 | €83,255 | +€37,849 | +83.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €123,926 | €43,000 | -€80,926 | -65.3% |
| Accrued charges and deferred income | 492/3 | €18,985 | €14,774 | -€4,211 | -22.2% |
| Non-recurring operating income | 76A | - | €825,426 | +€825,426 | |
| Other operating charges | 640/8 | €34,937 | €39,993 | +€5,056 | +14.5% |
| Gross operating margin | 9900 | €60,867 | €939,158 | +€878,290 | +1443.0% |
| Operating profit (loss) | 9901 | €25,930 | €899,165 | +€873,235 | +3367.7% |
| Financial income | 75/76B | €25,315 | €26,020 | +€705 | +2.8% |
| Recurring financial income | 75 | €25,315 | €26,020 | +€705 | +2.8% |
| Financial charges | 65/66B | €164 | €175 | +€11 | +6.7% |
| Recurring financial charges | 65 | €164 | €175 | +€11 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €51,081 | €925,010 | +€873,929 | +1710.9% |
| Transfer from deferred taxes | 780 | €141,149 | €128,300 | -€12,849 | -9.1% |
| Transfer to deferred taxes | 680 | - | €143,856 | +€143,856 | |
| Income taxes | 67/77 | €157,116 | €214,222 | +€57,106 | +36.3% |
| Profit (loss) for the period | 9904 | €35,114 | €695,232 | +€660,118 | +1879.9% |
| Transfer from tax-exempt reserves | 789 | €423,447 | €384,901 | -€38,546 | -9.1% |
| Transfer to tax-exempt reserves | 689 | - | €789,419 | +€789,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €458,561 | €290,714 | -€167,847 | -36.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 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.