CADENCE MANAGEMENT: 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.
CADENCE MANAGEMENT
Largest movements
- Receivables within one year -€3,453
down €3,453 (-46.5%), from €7,433 to €3,980
of which Trade receivables: -€3,132
- Cash -€2,413
down €2,413 (-6.0%), from €40,036 to €37,622
mainly Tax, wage and social debts (-€3,985) and Net result for the year (-€2,075)
- Tax, wage and social debts -€3,985
down €3,985 (-51.5%), from €7,738 to €3,752
- Reserves -€2,075
down €2,075 (-5.6%), from €37,149 to €35,073
- Other debts -€779
down €779 (-90.7%), from €859 to €80
- Trade debts +€648
up €648 (+44.1%), from €1,470 to €2,118
- Gross operating margin -€19,393
down €19,393, from €17,918 to -€1,475
- Taxes -€3,752
no longer reported in 2025 (was €3,752)
- Other operating charges +€230
new in 2025: €230
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 | €48,215 | €42,023 | -€6,192 | -12.8% |
| Fixed assets | 21/28 | €747 | €421 | -€326 | -43.7% |
| Tangible fixed assets | 22/27 | €747 | €421 | -€326 | -43.7% |
| Furniture and vehicles | 24 | €747 | €421 | -€326 | -43.7% |
| Current assets | 29/58 | €47,469 | €41,602 | -€5,866 | -12.4% |
| Amounts receivable within one year | 40/41 | €7,433 | €3,980 | -€3,453 | -46.5% |
| Trade receivables | 40 | €5,433 | €2,301 | -€3,132 | -57.7% |
| Other amounts receivable | 41 | €2,000 | €1,679 | -€321 | -16.0% |
| Cash at bank and in hand | 54/58 | €40,036 | €37,622 | -€2,413 | -6.0% |
| Total equity and liabilities | 10/49 | €48,215 | €42,023 | -€6,192 | -12.8% |
| Equity | 10/15 | €38,149 | €36,073 | -€2,075 | -5.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €37,149 | €35,073 | -€2,075 | -5.6% |
| Distributable reserves | 133 | €37,149 | €35,073 | -€2,075 | -5.6% |
| Amounts payable | 17/49 | €10,067 | €5,950 | -€4,117 | -40.9% |
| Amounts payable within one year | 42/48 | €10,067 | €5,950 | -€4,117 | -40.9% |
| Trade debts | 44 | €1,470 | €2,118 | +€648 | +44.1% |
| Suppliers | 440/4 | €1,470 | €2,118 | +€648 | +44.1% |
| Taxes, remuneration and social security | 45 | €7,738 | €3,752 | -€3,985 | -51.5% |
| Taxes | 450/3 | €7,738 | €3,752 | -€3,985 | -51.5% |
| Other amounts payable | 47/48 | €859 | €80 | -€779 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €326 | = | 0.0% |
| Other operating charges | 640/8 | - | €230 | +€230 | |
| Gross operating margin | 9900 | €17,918 | -€1,475 | -€19,393 | |
| Operating profit (loss) | 9901 | €17,592 | -€2,031 | -€19,623 | |
| Financial income | 75/76B | €26 | €82 | +€56 | +215% |
| Recurring financial income | 75 | €26 | €82 | +€56 | +215% |
| Financial charges | 65/66B | €239 | €126 | -€113 | -47.2% |
| Recurring financial charges | 65 | €239 | €126 | -€113 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €17,379 | -€2,075 | -€19,454 | |
| Income taxes | 67/77 | €3,752 | - | -€3,752 | |
| Profit (loss) for the period | 9904 | €13,626 | -€2,075 | -€15,701 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,626 | -€2,075 | -€15,701 |
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 25 October 2026 via checked.be.