CADERONNE: 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.
CADERONNE
Largest movements
- Cash -€2,617
down €2,617 (-30.2%), from €8,676 to €6,058
mainly Net result for the year (-€23,724) and Trade debts (-€189)
- Receivables within one year -€2,223
down €2,223 (-17.9%), from €12,396 to €10,173
- Tangible fixed assets -€1,000
down €1,000 (-66.7%), from €1,500 to €500
- Profit (loss) carried forward -€23,724
down €23,724 (-0.7%), from -€3.5m to -€3.5m
- Other debts +€18,073
up €18,073 (+10.0%), from €181,355 to €199,428
- Financial charges -€58,865
down €58,865 (-99.9%), from €58,940 to €76
- Other operating charges -€1,215
down €1,215 (-56.4%), from €2,154 to €939
- Gross operating margin -€983
down €983 (-4.7%), from -€20,729 to -€21,712
- Financial income -€312
down €312 (-99.0%), from €315 to €3
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 | €22,572 | €16,732 | -€5,840 | -25.9% |
| Fixed assets | 21/28 | €1,500 | €500 | -€1,000 | -66.7% |
| Tangible fixed assets | 22/27 | €1,500 | €500 | -€1,000 | -66.7% |
| Plant, machinery and equipment | 23 | €1,500 | €500 | -€1,000 | -66.7% |
| Current assets | 29/58 | €21,072 | €16,232 | -€4,840 | -23.0% |
| Amounts receivable within one year | 40/41 | €12,396 | €10,173 | -€2,223 | -17.9% |
| Other amounts receivable | 41 | €12,396 | €10,173 | -€2,223 | -17.9% |
| Cash at bank and in hand | 54/58 | €8,676 | €6,058 | -€2,617 | -30.2% |
| Total equity and liabilities | 10/49 | €22,572 | €16,732 | -€5,840 | -25.9% |
| Equity | 10/15 | -€1,992,362 | -€2,016,086 | -€23,724 | -1.2% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,492,362 | -€3,516,086 | -€23,724 | -0.7% |
| Amounts payable | 17/49 | €2,014,934 | €2,032,818 | +€17,884 | +0.9% |
| Amounts payable after more than one year | 17 | €1,833,347 | €1,833,347 | = | 0.0% |
| Financial debts | 170/4 | €182,069 | €182,069 | = | 0.0% |
| Other amounts payable | 178/9 | €1,651,278 | €1,651,278 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,587 | €199,471 | +€17,884 | +9.8% |
| Trade debts | 44 | €231 | €42 | -€189 | -81.7% |
| Suppliers | 440/4 | €231 | €42 | -€189 | -81.7% |
| Other amounts payable | 47/48 | €181,355 | €199,428 | +€18,073 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,036 | €1,000 | -€36 | -3.5% |
| Other operating charges | 640/8 | €2,154 | €939 | -€1,215 | -56.4% |
| Non-recurring operating charges | 66A | €2,303,756 | - | -€2.3m | |
| Gross operating margin | 9900 | -€20,729 | -€21,712 | -€983 | -4.7% |
| Operating profit (loss) | 9901 | -€2,327,675 | -€23,651 | +€2.3m | +99.0% |
| Financial income | 75/76B | €315 | €3 | -€312 | -99.0% |
| Recurring financial income | 75 | €315 | €3 | -€312 | -99.0% |
| Financial charges | 65/66B | €58,940 | €76 | -€58,865 | -99.9% |
| Recurring financial charges | 65 | €58,940 | €76 | -€58,865 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,386,300 | -€23,723 | +€2.4m | +99.0% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€2,386,300 | -€23,724 | +€2.4m | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,386,300 | -€23,724 | +€2.4m | +99.0% |
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 18 October 2026 via checked.be.