CADEM: what changed
Two financial 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.
CADEM
Largest movements
- Cash +€5,707
up €5,707 (+7.4%), from €77,051 to €82,758
mainly Net result for the year (+€6,753) and Depreciation (+€215)
- Receivables within one year +€997
new in 2025: €997
of which Other amounts receivable: +€974
- Reserves +€6,753
up €6,753 (+10.0%), from €67,236 to €73,989
of which Distributable reserves: +€6,753
- Gross operating margin -€2,363
down €2,363 (-21.5%), from €10,969 to €8,606
- Financial income +€1,353
new in 2025: €1,353
- Taxes -€1,303
down €1,303 (-38.0%), from €3,433 to €2,130
- Other operating charges +€178
up €178 (+34.6%), from €513 to €691
- Financial charges +€171
new in 2025: €171
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.
Derived cash bridge
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 | €77,468 | €83,958 | +€6,490 | +8.4% |
| Fixed assets | 21/28 | €418 | €203 | -€215 | -51.4% |
| Tangible fixed assets | 22/27 | €418 | €203 | -€215 | -51.4% |
| Plant, machinery and equipment | 23 | €418 | €0 | -€418 | -100% |
| Furniture and vehicles | 24 | - | €203 | +€203 | |
| Current assets | 29/58 | €77,051 | €83,755 | +€6,704 | +8.7% |
| Amounts receivable within one year | 40/41 | - | €997 | +€997 | |
| Trade receivables | 40 | - | €23 | +€23 | |
| Other amounts receivable | 41 | - | €974 | +€974 | |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €77,051 | €82,758 | +€5,707 | +7.4% |
| Total equity and liabilities | 10/49 | €77,468 | €83,958 | +€6,490 | +8.4% |
| Equity | 10/15 | €73,436 | €80,189 | +€6,753 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €67,236 | €73,989 | +€6,753 | +10.0% |
| Non-distributable reserves | 130/1 | €697 | €697 | = | 0.0% |
| Legal reserve | 130 | €697 | - | -€697 | |
| Reserves not available under the articles | 1311 | - | €697 | +€697 | |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €58,040 | €64,792 | +€6,753 | +11.6% |
| Amounts payable | 17/49 | €4,032 | €3,769 | -€263 | -6.5% |
| Amounts payable within one year | 42/48 | €4,032 | €3,769 | -€263 | -6.5% |
| Trade debts | 44 | €102 | €143 | +€42 | +41.0% |
| Suppliers | 440/4 | €102 | €143 | +€42 | +41.0% |
| Taxes, remuneration and social security | 45 | €3,248 | €2,837 | -€411 | -12.6% |
| Taxes | 450/3 | €3,248 | €2,837 | -€411 | -12.6% |
| Other amounts payable | 47/48 | €683 | €789 | +€106 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243 | €215 | -€28 | -11.6% |
| Other operating charges | 640/8 | €513 | €691 | +€178 | +34.6% |
| Gross operating margin | 9900 | €10,969 | €8,606 | -€2,363 | -21.5% |
| Operating profit (loss) | 9901 | €10,213 | €7,700 | -€2,513 | -24.6% |
| Financial income | 75/76B | - | €1,353 | +€1,353 | |
| Recurring financial income | 75 | - | €1,353 | +€1,353 | |
| Financial charges | 65/66B | - | €171 | +€171 | |
| Recurring financial charges | 65 | - | €171 | +€171 | |
| Profit (loss) for the period before taxes | 9903 | €10,213 | €8,882 | -€1,331 | -13.0% |
| Income taxes | 67/77 | €3,433 | €2,130 | -€1,303 | -38.0% |
| Profit (loss) for the period | 9904 | €6,780 | €6,753 | -€27 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,780 | €6,753 | -€27 | -0.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.