Cademo: 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.
Cademo
Largest movements
- Receivables within one year -€7,470
down €7,470 (-45.0%), from €16,585 to €9,115
of which Trade receivables: -€7,470
- Intangible fixed assets -€4,500
down €4,500 (-16.4%), from €27,400 to €22,900
- Stocks and contracts +€4,431
up €4,431 (+22.2%), from €19,991 to €24,422
- Tangible fixed assets +€1,164
up €1,164 (+19.2%), from €6,048 to €7,212
of which Plant, machinery and equipment: +€1,525
- Reserves +€16,373
up €16,373 (+129%), from €12,685 to €29,059
- Trade debts -€12,258
down €12,258 (-72.2%), from €16,976 to €4,718
- Debts after one year -€8,813
down €8,813 (-41.6%), from €21,182 to €12,370
- Other debts -€7,741
down €7,741 (-24.2%), from €31,953 to €24,212
- Tax, wage and social debts +€6,371
up €6,371 (+179%), from €3,568 to €9,939
- Gross operating margin +€27,353
up €27,353 (+475%), from €5,756 to €33,109
- Taxes +€4,533
up €4,533 (+1,349%), from €336 to €4,869
- Other operating charges +€1,853
up €1,853 (+304%), from €610 to €2,463
- Staff costs +€1,197
new in 2025: €1,197
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 | €100,025 | €94,109 | -€5,916 | -5.9% |
| Fixed assets | 21/28 | €33,448 | €30,112 | -€3,336 | -10.0% |
| Intangible fixed assets | 21 | €27,400 | €22,900 | -€4,500 | -16.4% |
| Tangible fixed assets | 22/27 | €6,048 | €7,212 | +€1,164 | +19.2% |
| Plant, machinery and equipment | 23 | €5,687 | €7,212 | +€1,525 | +26.8% |
| Furniture and vehicles | 24 | €361 | €0 | -€361 | -100% |
| Current assets | 29/58 | €66,577 | €63,998 | -€2,579 | -3.9% |
| Stocks and contracts in progress | 3 | €19,991 | €24,422 | +€4,431 | +22.2% |
| Stocks | 30/36 | €19,991 | €24,422 | +€4,431 | +22.2% |
| Amounts receivable within one year | 40/41 | €16,585 | €9,115 | -€7,470 | -45.0% |
| Trade receivables | 40 | €12,879 | €5,410 | -€7,470 | -58.0% |
| Other amounts receivable | 41 | €3,706 | €3,706 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,000 | €30,460 | +€460 | +1.5% |
| Total equity and liabilities | 10/49 | €100,025 | €94,109 | -€5,916 | -5.9% |
| Equity | 10/15 | €17,685 | €34,059 | +€16,373 | +92.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,685 | €29,059 | +€16,373 | +129% |
| Distributable reserves | 133 | €12,685 | €29,059 | +€16,373 | +129% |
| Amounts payable | 17/49 | €82,339 | €60,051 | -€22,289 | -27.1% |
| Amounts payable after more than one year | 17 | €21,182 | €12,370 | -€8,813 | -41.6% |
| Financial debts | 170/4 | €21,182 | €12,370 | -€8,813 | -41.6% |
| Amounts payable within one year | 42/48 | €61,157 | €47,681 | -€13,476 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €8,660 | €8,813 | +€152 | +1.8% |
| Trade debts | 44 | €16,976 | €4,718 | -€12,258 | -72.2% |
| Suppliers | 440/4 | €16,976 | €4,718 | -€12,258 | -72.2% |
| Taxes, remuneration and social security | 45 | €3,568 | €9,939 | +€6,371 | +179% |
| Taxes | 450/3 | €3,568 | €9,939 | +€6,371 | +179% |
| Other amounts payable | 47/48 | €31,953 | €24,212 | -€7,741 | -24.2% |
| Remuneration, social security and pensions | 62 | - | €1,197 | +€1,197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,129 | €6,978 | -€151 | -2.1% |
| Other operating charges | 640/8 | €610 | €2,463 | +€1,853 | +304% |
| Gross operating margin | 9900 | €5,756 | €33,109 | +€27,353 | +475% |
| Operating profit (loss) | 9901 | -€1,983 | €22,471 | +€24,454 | |
| Financial income | 75/76B | €319 | €156 | -€163 | -51.2% |
| Recurring financial income | 75 | €319 | €156 | -€163 | -51.2% |
| Financial charges | 65/66B | €1,703 | €1,385 | -€319 | -18.7% |
| Recurring financial charges | 65 | €1,703 | €1,385 | -€319 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,367 | €21,242 | +€24,610 | |
| Income taxes | 67/77 | €336 | €4,869 | +€4,533 | +1,349% |
| Profit (loss) for the period | 9904 | -€3,703 | €16,373 | +€20,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,703 | €16,373 | +€20,077 |
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 14 October 2026 via checked.be.