Cadesco: 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.
Cadesco
Largest movements
- Cash -€21,884
down €21,884 (-47.7%), from €45,837 to €23,953
mainly Other debts (-€23,290) and Trade debts (-€1,740)
- Receivables within one year -€1,723
down €1,723 (-79.8%), from €2,158 to €435
of which Trade receivables: -€1,335
- Other debts -€23,290
down €23,290 (-100.0%), from €23,290 to €0
- Trade debts -€1,740
down €1,740 (-95.8%), from €1,816 to €76
- Profit (loss) carried forward +€1,250
up €1,250, from -€1,250 to €0
- Gross operating margin +€1,654
up €1,654 (+543.9%), from €304 to €1,959
- Financial income -€1,240
down €1,240 (-100.0%), from €1,240 to €0
- Taxes +€24
new in 2025: €24
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 | €47,995 | €24,388 | -€23,606 | -49.2% |
| Current assets | 29/58 | €47,995 | €24,388 | -€23,606 | -49.2% |
| Amounts receivable within one year | 40/41 | €2,158 | €435 | -€1,723 | -79.8% |
| Trade receivables | 40 | €1,770 | €435 | -€1,335 | -75.4% |
| Other amounts receivable | 41 | €388 | €0 | -€388 | -100.0% |
| Cash at bank and in hand | 54/58 | €45,837 | €23,953 | -€21,884 | -47.7% |
| Total equity and liabilities | 10/49 | €47,995 | €24,388 | -€23,606 | -49.2% |
| Equity | 10/15 | €19,488 | €20,978 | +€1,490 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,538 | €14,778 | +€240 | +1.7% |
| Distributable reserves | 133 | €14,538 | €14,778 | +€240 | +1.7% |
| Profit (loss) carried forward | 14 | -€1,250 | €0 | +€1,250 | |
| Amounts payable | 17/49 | €28,507 | €3,410 | -€25,096 | -88.0% |
| Amounts payable within one year | 42/48 | €28,507 | €3,410 | -€25,096 | -88.0% |
| Current portion of amounts payable after more than one year | 42 | €3,401 | €3,311 | -€90 | -2.6% |
| Trade debts | 44 | €1,816 | €76 | -€1,740 | -95.8% |
| Suppliers | 440/4 | €1,816 | €76 | -€1,740 | -95.8% |
| Taxes, remuneration and social security | 45 | - | €24 | +€24 | |
| Taxes | 450/3 | - | €24 | +€24 | |
| Other amounts payable | 47/48 | €23,290 | €0 | -€23,290 | -100.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €304 | €1,959 | +€1,654 | +543.9% |
| Operating profit (loss) | 9901 | -€83 | €1,559 | +€1,642 | |
| Financial income | 75/76B | €1,240 | €0 | -€1,240 | -100.0% |
| Recurring financial income | 75 | €1,240 | €0 | -€1,240 | -100.0% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €1,113 | €1,514 | +€401 | +36.0% |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | €1,113 | €1,490 | +€377 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,113 | €1,490 | +€377 | +33.8% |
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 2 October 2026 via checked.be.