Cadexi: 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.
Cadexi
Largest movements
- Receivables within one year +€7,387
up €7,387 (+6.0%), from €122,519 to €129,907
- Reserves +€8,846
up €8,846 (+20.4%), from €43,328 to €52,175
of which Distributable reserves: +€8,846
- Trade debts +€6,369
up €6,369 (+122%), from €5,240 to €11,609
- Debts after one year -€6,279
no longer reported in 2025 (was €6,279)
- Tax, wage and social debts -€1,721
down €1,721 (-14.1%), from €12,193 to €10,471
- Gross operating margin +€12,340
up €12,340, from -€4,885 to €7,455
- Taxes +€412
up €412 (+10.2%), from €4,029 to €4,442
- Financial income -€383
down €383 (-5.3%), from €7,207 to €6,824
- Other operating charges -€344
no longer reported in 2025 (was €344)
- Financial charges -€82
down €82 (-7.6%), from €1,073 to €991
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 | €122,519 | €130,348 | +€7,829 | +6.4% |
| Current assets | 29/58 | €122,519 | €130,348 | +€7,829 | +6.4% |
| Amounts receivable within one year | 40/41 | €122,519 | €129,907 | +€7,387 | +6.0% |
| Other amounts receivable | 41 | €122,519 | €129,907 | +€7,387 | +6.0% |
| Cash at bank and in hand | 54/58 | - | €442 | +€442 | |
| Total equity and liabilities | 10/49 | €122,519 | €130,348 | +€7,829 | +6.4% |
| Equity | 10/15 | €85,678 | €94,524 | +€8,846 | +10.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €43,328 | €52,175 | +€8,846 | +20.4% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €40,328 | €49,175 | +€8,846 | +21.9% |
| Profit (loss) carried forward | 14 | €12,349 | €12,349 | = | 0.0% |
| Amounts payable | 17/49 | €36,842 | €35,824 | -€1,017 | -2.8% |
| Amounts payable after more than one year | 17 | €6,279 | - | -€6,279 | |
| Other amounts payable | 178/9 | €6,279 | - | -€6,279 | |
| Amounts payable within one year | 42/48 | €30,563 | €35,824 | +€5,262 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €6,433 | €6,279 | -€154 | -2.4% |
| Trade debts | 44 | €5,240 | €11,609 | +€6,369 | +122% |
| Suppliers | 440/4 | €5,240 | €11,609 | +€6,369 | +122% |
| Taxes, remuneration and social security | 45 | €12,193 | €10,471 | -€1,721 | -14.1% |
| Taxes | 450/3 | €12,193 | €10,471 | -€1,721 | -14.1% |
| Other amounts payable | 47/48 | €6,697 | €7,465 | +€768 | +11.5% |
| Other operating charges | 640/8 | €344 | - | -€344 | |
| Gross operating margin | 9900 | -€4,885 | €7,455 | +€12,340 | |
| Operating profit (loss) | 9901 | -€5,229 | €7,455 | +€12,684 | |
| Financial income | 75/76B | €7,207 | €6,824 | -€383 | -5.3% |
| Recurring financial income | 75 | €7,207 | €6,824 | -€383 | -5.3% |
| Financial charges | 65/66B | €1,073 | €991 | -€82 | -7.6% |
| Recurring financial charges | 65 | €1,073 | €991 | -€82 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €905 | €13,288 | +€12,383 | +1,368% |
| Income taxes | 67/77 | €4,029 | €4,442 | +€412 | +10.2% |
| Profit (loss) for the period | 9904 | -€3,125 | €8,846 | +€11,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,125 | €8,846 | +€11,971 |
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 13 October 2026 via checked.be.