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
- Receivables within one year +€1.4m
up €1.4m (+8118.5%), from €17,289 to €1.4m
of which Other amounts receivable: +€1.4m
- Financial fixed assets -€1.1m
no longer reported in 2025 (was €1.1m)
- Receivables after one year +€507,974
new in 2025: €507,974
- Deferred charges and accrued income -€301,034
no longer reported in 2025 (was €301,034)
- Cash +€273,824
up €273,824 (+245.4%), from €111,600 to €385,424
mainly Investment in fixed assets (net) (+€1.1m) and Net result for the year (+€790,786)
- Reserves +€756,786
up €756,786 (+122.5%), from €617,880 to €1.4m
of which Distributable reserves: +€756,786
- Financial income +€683,838
up €683,838 (+683.8%), from €100,000 to €783,838
- Gross operating margin -€32,940
down €32,940 (-61.4%), from €53,648 to €20,709
- Taxes -€1,668
down €1,668 (-12.4%), from €13,441 to €11,773
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 | €1,568,922 | €2,314,300 | +€745,377 | +47.5% |
| Fixed assets | 21/28 | €1,139,000 | - | -€1.1m | |
| Financial fixed assets | 28 | €1,139,000 | - | -€1.1m | |
| Current assets | 29/58 | €429,922 | €2,314,300 | +€1.9m | +438.3% |
| Amounts receivable after more than one year | 29 | - | €507,974 | +€507,974 | |
| Other amounts receivable | 291 | - | €507,974 | +€507,974 | |
| Amounts receivable within one year | 40/41 | €17,289 | €1,420,901 | +€1.4m | +8118.5% |
| Trade receivables | 40 | €15,730 | €1,205 | -€14,525 | -92.3% |
| Other amounts receivable | 41 | €1,559 | €1,419,696 | +€1.4m | +90966.3% |
| Cash at bank and in hand | 54/58 | €111,600 | €385,424 | +€273,824 | +245.4% |
| Deferred charges and accrued income | 490/1 | €301,034 | - | -€301,034 | |
| Total equity and liabilities | 10/49 | €1,568,922 | €2,314,300 | +€745,377 | +47.5% |
| Equity | 10/15 | €1,556,880 | €2,313,666 | +€756,786 | +48.6% |
| Contributions | 10/11 | €939,000 | €939,000 | = | 0.0% |
| Reserves | 13 | €617,880 | €1,374,666 | +€756,786 | +122.5% |
| Non-distributable reserves | 130/1 | €12,542 | €12,542 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,542 | €12,542 | = | 0.0% |
| Distributable reserves | 133 | €605,338 | €1,362,124 | +€756,786 | +125.0% |
| Amounts payable | 17/49 | €12,043 | €634 | -€11,409 | -94.7% |
| Amounts payable within one year | 42/48 | €12,043 | €634 | -€11,409 | -94.7% |
| Trade debts | 44 | €3,201 | €634 | -€2,567 | -80.2% |
| Suppliers | 440/4 | €3,201 | €634 | -€2,567 | -80.2% |
| Taxes, remuneration and social security | 45 | €8,842 | - | -€8,842 | |
| Taxes | 450/3 | €3,833 | - | -€3,833 | |
| Remuneration and social security | 454/9 | €5,009 | - | -€5,009 | |
| Other operating charges | 640/8 | €1,419 | €1,653 | +€234 | +16.5% |
| Gross operating margin | 9900 | €53,648 | €20,709 | -€32,940 | -61.4% |
| Operating profit (loss) | 9901 | €52,229 | €19,056 | -€33,174 | -63.5% |
| Financial income | 75/76B | €100,000 | €783,838 | +€683,838 | +683.8% |
| Recurring financial income | 75 | €100,000 | €783,838 | +€683,838 | +683.8% |
| Financial charges | 65/66B | €585 | €335 | -€250 | -42.7% |
| Recurring financial charges | 65 | €585 | €335 | -€250 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €151,644 | €802,559 | +€650,914 | +429.2% |
| Income taxes | 67/77 | €13,441 | €11,773 | -€1,668 | -12.4% |
| Profit (loss) for the period | 9904 | €138,203 | €790,786 | +€652,583 | +472.2% |
| Profit (loss) for the period to be appropriated | 9905 | €138,203 | €790,786 | +€652,583 | +472.2% |
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 4 October 2026 via checked.be.