CADERMA: 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.
CADERMA
Largest movements
- Cash +€130,404
up €130,404 (+110.6%), from €117,912 to €248,316
mainly Other debts (+€199,152) and Net result for the year (+€144,659)
- Intangible fixed assets -€33,643
down €33,643 (-20.6%), from €163,369 to €129,726
- Tangible fixed assets -€15,888
down €15,888 (-61.7%), from €25,764 to €9,876
- Deferred charges and accrued income -€9,239
down €9,239 (-7.5%), from €123,636 to €114,396
- Other debts +€199,152
up €199,152 (+1253.2%), from €15,891 to €215,043
- Profit (loss) carried forward -€132,072
down €132,072 (-100.0%), from €132,072 to €0
- Tax, wage and social debts +€7,491
up €7,491 (+24.3%), from €30,801 to €38,293
- Gross operating margin +€14,625
up €14,625 (+6.3%), from €231,153 to €245,778
- Taxes +€4,390
up €4,390 (+10.2%), from €42,851 to €47,241
- Financial charges -€3,371
down €3,371 (-51.9%), from €6,497 to €3,126
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 | €430,680 | €502,314 | +€71,634 | +16.6% |
| Fixed assets | 21/28 | €189,133 | €139,602 | -€49,530 | -26.2% |
| Intangible fixed assets | 21 | €163,369 | €129,726 | -€33,643 | -20.6% |
| Tangible fixed assets | 22/27 | €25,764 | €9,876 | -€15,888 | -61.7% |
| Furniture and vehicles | 24 | €25,764 | €9,876 | -€15,888 | -61.7% |
| Current assets | 29/58 | €241,548 | €362,712 | +€121,164 | +50.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €117,912 | €248,316 | +€130,404 | +110.6% |
| Deferred charges and accrued income | 490/1 | €123,636 | €114,396 | -€9,239 | -7.5% |
| Total equity and liabilities | 10/49 | €430,680 | €502,314 | +€71,634 | +16.6% |
| Equity | 10/15 | €371,093 | €239,021 | -€132,072 | -35.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €234,021 | €234,021 | = | 0.0% |
| Distributable reserves | 133 | €234,021 | €234,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,072 | €0 | -€132,072 | -100.0% |
| Amounts payable | 17/49 | €59,587 | €263,293 | +€203,706 | +341.9% |
| Amounts payable within one year | 42/48 | €53,130 | €260,239 | +€207,109 | +389.8% |
| Trade debts | 44 | €6,437 | €6,904 | +€466 | +7.2% |
| Suppliers | 440/4 | €6,437 | €6,904 | +€466 | +7.2% |
| Taxes, remuneration and social security | 45 | €30,801 | €38,293 | +€7,491 | +24.3% |
| Taxes | 450/3 | €30,801 | €38,293 | +€7,491 | +24.3% |
| Other amounts payable | 47/48 | €15,891 | €215,043 | +€199,152 | +1253.2% |
| Accrued charges and deferred income | 492/3 | €6,458 | €3,054 | -€3,403 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,510 | €49,530 | +€1,020 | +2.1% |
| Other operating charges | 640/8 | €1,222 | €1,221 | -€1 | -0.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €231,153 | €245,778 | +€14,625 | +6.3% |
| Operating profit (loss) | 9901 | €181,421 | €195,027 | +€13,606 | +7.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,497 | €3,126 | -€3,371 | -51.9% |
| Recurring financial charges | 65 | €6,497 | €3,126 | -€3,371 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €174,923 | €191,901 | +€16,977 | +9.7% |
| Income taxes | 67/77 | €42,851 | €47,241 | +€4,390 | +10.2% |
| Profit (loss) for the period | 9904 | €132,072 | €144,659 | +€12,587 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,072 | €144,659 | +€12,587 | +9.5% |
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 29 September 2026 via checked.be.