CADENCIO: 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.
CADENCIO
Largest movements
- Cash +€76,548
up €76,548 (+125.9%), from €60,787 to €137,335
mainly Net result for the year (+€56,340) and Receivables within one year (+€14,876)
- Receivables within one year -€14,876
no longer reported in 2025 (was €14,876)
- Profit (loss) carried forward +€56,340
up €56,340 (+143.3%), from €39,305 to €95,645
- Tax, wage and social debts +€4,039
up €4,039 (+17.1%), from €23,578 to €27,617
of which Taxes: +€4,039
- Gross operating margin +€21,197
up €21,197 (+41.7%), from €50,797 to €71,993
- Taxes +€4,543
up €4,543 (+44.4%), from €10,221 to €14,764
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
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 | €76,628 | €137,961 | +€61,334 | +80.0% |
| Fixed assets | 21/28 | €965 | €626 | -€339 | -35.1% |
| Tangible fixed assets | 22/27 | €965 | €626 | -€339 | -35.1% |
| Furniture and vehicles | 24 | €965 | €626 | -€339 | -35.1% |
| Current assets | 29/58 | €75,663 | €137,335 | +€61,672 | +81.5% |
| Amounts receivable within one year | 40/41 | €14,876 | - | -€14,876 | |
| Trade receivables | 40 | €14,876 | - | -€14,876 | |
| Cash at bank and in hand | 54/58 | €60,787 | €137,335 | +€76,548 | +125.9% |
| Total equity and liabilities | 10/49 | €76,628 | €137,961 | +€61,334 | +80.0% |
| Equity | 10/15 | €46,805 | €103,145 | +€56,340 | +120.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,305 | €95,645 | +€56,340 | +143.3% |
| Amounts payable | 17/49 | €29,822 | €34,816 | +€4,994 | +16.7% |
| Amounts payable within one year | 42/48 | €29,822 | €34,816 | +€4,994 | +16.7% |
| Trade debts | 44 | €1,607 | €2,562 | +€955 | +59.4% |
| Suppliers | 440/4 | €1,607 | €2,562 | +€955 | +59.4% |
| Taxes, remuneration and social security | 45 | €23,578 | €27,617 | +€4,039 | +17.1% |
| Taxes | 450/3 | €21,078 | €25,117 | +€4,039 | +19.2% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €4,637 | €4,637 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51 | €339 | +€288 | +565.5% |
| Other operating charges | 640/8 | €658 | - | -€658 | |
| Gross operating margin | 9900 | €50,797 | €71,993 | +€21,197 | +41.7% |
| Operating profit (loss) | 9901 | €50,088 | €71,655 | +€21,567 | +43.1% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €561 | €567 | +€7 | +1.2% |
| Recurring financial charges | 65 | €561 | €168 | -€393 | -70.1% |
| Non-recurring financial charges | 66B | - | €400 | +€400 | |
| Profit (loss) for the period before taxes | 9903 | €49,527 | €71,104 | +€21,577 | +43.6% |
| Income taxes | 67/77 | €10,221 | €14,764 | +€4,543 | +44.4% |
| Profit (loss) for the period | 9904 | €39,305 | €56,340 | +€17,034 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,305 | €56,340 | +€17,034 | +43.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.