CADIMMAIR: 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.
CADIMMAIR
Largest movements
- Cash +€134,335
up €134,335 (+8,535%), from €1,574 to €135,909
mainly Net result for the year (+€504,893) and Provisions (+€156,250)
- Receivables within one year +€47,255
up €47,255 (+54.8%), from €86,289 to €133,543
of which Trade receivables: +€46,504
- Other debts -€549,209
down €549,209 (-66.6%), from €824,440 to €275,230
- Reserves +€468,750
up €468,750 (+25,202%), from €1,860 to €470,610
of which Tax-exempt reserves: +€468,750
- Provisions +€156,250
new in 2025: €156,250
- Tax, wage and social debts +€134,518
up €134,518 (+6,477%), from €2,077 to €136,594
- Advances received -€55,000
no longer reported in 2025 (was €55,000)
- Gross operating margin +€661,187
up €661,187 (+14,172%), from €4,666 to €665,853
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 | €865,105 | €1,044,635 | +€179,530 | +20.8% |
| Fixed assets | 21/28 | €777,242 | €775,183 | -€2,059 | -0.3% |
| Tangible fixed assets | 22/27 | €30,552 | €28,493 | -€2,059 | -6.7% |
| Plant, machinery and equipment | 23 | €2,067 | €2,067 | = | 0.0% |
| Furniture and vehicles | 24 | €24,180 | €22,122 | -€2,059 | -8.5% |
| Other tangible fixed assets | 26 | €4,305 | €4,305 | = | 0.0% |
| Financial fixed assets | 28 | €746,690 | €746,690 | = | 0.0% |
| Current assets | 29/58 | €87,863 | €269,452 | +€181,589 | +207% |
| Amounts receivable within one year | 40/41 | €86,289 | €133,543 | +€47,255 | +54.8% |
| Trade receivables | 40 | €75,718 | €122,222 | +€46,504 | +61.4% |
| Other amounts receivable | 41 | €10,571 | €11,321 | +€750 | +7.1% |
| Cash at bank and in hand | 54/58 | €1,574 | €135,909 | +€134,335 | +8,535% |
| Total equity and liabilities | 10/49 | €865,105 | €1,044,635 | +€179,530 | +20.8% |
| Equity | 10/15 | -€30,759 | €474,134 | +€504,893 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €470,610 | +€468,750 | +25,202% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €468,750 | +€468,750 | |
| Profit (loss) carried forward | 14 | -€45,019 | -€8,876 | +€36,143 | +80.3% |
| Provisions and deferred taxes | 16 | - | €156,250 | +€156,250 | |
| Deferred taxes | 168 | - | €156,250 | +€156,250 | |
| Amounts payable | 17/49 | €895,864 | €414,251 | -€481,613 | -53.8% |
| Amounts payable within one year | 42/48 | €895,864 | €414,251 | -€481,613 | -53.8% |
| Trade debts | 44 | €14,348 | €2,427 | -€11,921 | -83.1% |
| Suppliers | 440/4 | €14,348 | €2,427 | -€11,921 | -83.1% |
| Advances received on contracts in progress | 46 | €55,000 | - | -€55,000 | |
| Taxes, remuneration and social security | 45 | €2,077 | €136,594 | +€134,518 | +6,477% |
| Taxes | 450/3 | €2,077 | €136,594 | +€134,518 | +6,477% |
| Other amounts payable | 47/48 | €824,440 | €275,230 | -€549,209 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €2,059 | -€103 | -4.8% |
| Other operating charges | 640/8 | €680 | €485 | -€195 | -28.7% |
| Gross operating margin | 9900 | €4,666 | €665,853 | +€661,187 | +14,172% |
| Operating profit (loss) | 9901 | €1,823 | €663,309 | +€661,485 | +36,278% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €5,149 | €1,814 | -€3,335 | -64.8% |
| Recurring financial charges | 65 | €5,149 | €1,814 | -€3,335 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,326 | €661,498 | +€664,824 | |
| Transfer to deferred taxes | 680 | - | €156,250 | +€156,250 | |
| Income taxes | 67/77 | €362 | €354 | -€8 | -2.1% |
| Profit (loss) for the period | 9904 | -€3,688 | €504,893 | +€508,581 | |
| Transfer to tax-exempt reserves | 689 | - | €468,750 | +€468,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,688 | €36,143 | +€39,831 |
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 26 October 2026 via checked.be.