CADI: 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.
CADI
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year +€102,377
up €102,377 (+5395.1%), from €1,898 to €104,274
of which Trade receivables: +€102,738
- Cash +€41,279
up €41,279 (+52.5%), from €78,639 to €119,917
mainly Current investments (+€250,000) and Depreciation (+€30,300)
- Tangible fixed assets -€19,404
down €19,404 (-2.5%), from €778,698 to €759,294
of which Furniture and vehicles: -€11,262
- Reserves -€117,167
down €117,167 (-14.8%), from €790,723 to €673,556
of which Distributable reserves: -€117,167
- Gross operating margin -€109,238
down €109,238, from €23,592 to -€85,646
- Depreciation -€21,174
down €21,174 (-41.1%), from €51,474 to €30,300
- Financial income -€1,158
down €1,158 (-19.0%), from €6,102 to €4,944
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 | €1,110,984 | €991,565 | -€119,419 | -10.7% |
| Fixed assets | 21/28 | €778,698 | €759,294 | -€19,404 | -2.5% |
| Tangible fixed assets | 22/27 | €778,698 | €759,294 | -€19,404 | -2.5% |
| Land and buildings | 22 | €763,050 | €754,908 | -€8,142 | -1.1% |
| Furniture and vehicles | 24 | €15,648 | €4,387 | -€11,262 | -72.0% |
| Current assets | 29/58 | €332,286 | €232,271 | -€100,015 | -30.1% |
| Amounts receivable after more than one year | 29 | - | €233 | +€233 | |
| Other amounts receivable | 291 | - | €233 | +€233 | |
| Amounts receivable within one year | 40/41 | €1,898 | €104,274 | +€102,377 | +5395.1% |
| Trade receivables | 40 | - | €102,738 | +€102,738 | |
| Other amounts receivable | 41 | €1,898 | €1,536 | -€361 | -19.0% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €78,639 | €119,917 | +€41,279 | +52.5% |
| Deferred charges and accrued income | 490/1 | €1,750 | €7,847 | +€6,097 | +348.5% |
| Total equity and liabilities | 10/49 | €1,110,984 | €991,565 | -€119,419 | -10.7% |
| Equity | 10/15 | €1,107,142 | €989,975 | -€117,167 | -10.6% |
| Contributions | 10/11 | €316,419 | €316,419 | = | 0.0% |
| Capital | 10 | €316,419 | €316,419 | = | 0.0% |
| Issued capital | 100 | €316,419 | €316,419 | = | 0.0% |
| Reserves | 13 | €790,723 | €673,556 | -€117,167 | -14.8% |
| Non-distributable reserves | 130/1 | €66,931 | €66,931 | = | 0.0% |
| Legal reserve | 130 | €66,931 | €66,931 | = | 0.0% |
| Distributable reserves | 133 | €723,792 | €606,624 | -€117,167 | -16.2% |
| Amounts payable | 17/49 | €3,842 | €1,590 | -€2,251 | -58.6% |
| Amounts payable after more than one year | 17 | €35 | €35 | = | 0.0% |
| Other amounts payable | 178/9 | €35 | €35 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,000 | €724 | -€2,277 | -75.9% |
| Trade debts | 44 | €1,490 | €724 | -€767 | -51.4% |
| Suppliers | 440/4 | €1,490 | €724 | -€767 | -51.4% |
| Other amounts payable | 47/48 | €1,510 | - | -€1,510 | |
| Accrued charges and deferred income | 492/3 | €806 | €832 | +€25 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,474 | €30,300 | -€21,174 | -41.1% |
| Other operating charges | 640/8 | €5,119 | €5,357 | +€238 | +4.7% |
| Gross operating margin | 9900 | €23,592 | -€85,646 | -€109,238 | |
| Operating profit (loss) | 9901 | -€33,000 | -€121,302 | -€88,302 | -267.6% |
| Financial income | 75/76B | €6,102 | €4,944 | -€1,158 | -19.0% |
| Recurring financial income | 75 | €6,102 | €4,944 | -€1,158 | -19.0% |
| Financial charges | 65/66B | €389 | €364 | -€25 | -6.5% |
| Recurring financial charges | 65 | €389 | €364 | -€25 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,287 | -€116,722 | -€89,435 | -327.8% |
| Income taxes | 67/77 | €433 | €446 | +€13 | +2.9% |
| Profit (loss) for the period | 9904 | -€27,719 | -€117,167 | -€89,448 | -322.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,719 | -€117,167 | -€89,448 | -322.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.