Cadice: 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.
Cadice
Largest movements
- Receivables within one year +€39,023
up €39,023 (+627372.7%), from €6 to €39,029
- Cash +€12,789
up €12,789 (+7208.9%), from €177 to €12,967
mainly Debts after one year (+€57,008) and Trade debts (+€400)
- Formation expenses +€5,400
new in 2025: €5,400
- Debts after one year +€57,008
up €57,008 (+2351.0%), from €2,425 to €59,433
- Other operating charges +€655
new in 2025: €655
- Gross operating margin +€503
new in 2025: €503
- Financial charges -€19
down €19 (-30.3%), from €62 to €43
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 | €184 | €57,395 | +€57,212 | +31156.1% |
| Formation expenses | 20 | - | €5,400 | +€5,400 | |
| Current assets | 29/58 | €184 | €51,995 | +€51,812 | +28215.4% |
| Amounts receivable within one year | 40/41 | €6 | €39,029 | +€39,023 | +627372.7% |
| Other amounts receivable | 41 | €6 | €39,029 | +€39,023 | +627372.7% |
| Cash at bank and in hand | 54/58 | €177 | €12,967 | +€12,789 | +7208.9% |
| Total equity and liabilities | 10/49 | €184 | €57,395 | +€57,212 | +31156.1% |
| Equity | 10/15 | -€2,241 | -€2,437 | -€196 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253 | €253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €253 | €253 | = | 0.0% |
| Reserves not available under the articles | 1311 | €253 | €253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,094 | -€21,290 | -€196 | -0.9% |
| Amounts payable | 17/49 | €2,425 | €59,833 | +€57,408 | +2367.5% |
| Amounts payable after more than one year | 17 | €2,425 | €59,433 | +€57,008 | +2351.0% |
| Other amounts payable | 178/9 | €2,425 | €59,433 | +€57,008 | +2351.0% |
| Amounts payable within one year | 42/48 | - | €400 | +€400 | |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other operating charges | 640/8 | - | €655 | +€655 | |
| Gross operating margin | 9900 | - | €503 | +€503 | |
| Operating profit (loss) | 9901 | - | -€153 | -€153 | |
| Financial charges | 65/66B | €62 | €43 | -€19 | -30.3% |
| Recurring financial charges | 65 | €62 | €43 | -€19 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€62 | -€196 | -€134 | -214.2% |
| Profit (loss) for the period | 9904 | -€62 | -€196 | -€134 | -214.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€62 | -€196 | -€134 | -214.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.