CADINE & CO: what changed
CADINE & CO
Largest movements
- Receivables within one year +€201,136
up €201,136 (+151%), from €133,213 to €334,349
of which Other amounts receivable: +€181,304
- Cash +€24,885
up €24,885 (+13.8%), from €180,321 to €205,206
mainly Net result for the year (+€247,245) and Tax, wage and social debts (+€1,732)
- Tangible fixed assets +€21,776
new in 2025: €21,776
of which Other tangible fixed assets: +€17,246
- Profit (loss) carried forward +€243,995
up €243,995 (+122%), from €199,507 to €443,502
- Financial income -€120,000
no longer reported in 2025 (was €120,000)
of which Financial income: -€120,000
- Gross operating margin -€112,389
down €112,389 (-30.2%), from €371,898 to €259,509
- Staff costs +€10,597
new in 2025: €10,597
- Financial charges -€8,763
down €8,763 (-93.3%), from €9,394 to €632
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,535 | €561,331 | +€247,797 | +79.0% |
| Fixed assets | 21/28 | - | €21,776 | +€21,776 | |
| Tangible fixed assets | 22/27 | - | €21,776 | +€21,776 | |
| Furniture and vehicles | 24 | - | €4,531 | +€4,531 | |
| Other tangible fixed assets | 26 | - | €17,246 | +€17,246 | |
| Current assets | 29/58 | €313,535 | €539,555 | +€226,020 | +72.1% |
| Amounts receivable within one year | 40/41 | €133,213 | €334,349 | +€201,136 | +151% |
| Trade receivables | 40 | €103,588 | €123,420 | +€19,832 | +19.1% |
| Other amounts receivable | 41 | €29,625 | €210,929 | +€181,304 | +612% |
| Cash at bank and in hand | 54/58 | €180,321 | €205,206 | +€24,885 | +13.8% |
| Total equity and liabilities | 10/49 | €313,535 | €561,331 | +€247,797 | +79.0% |
| Equity | 10/15 | €267,757 | €515,002 | +€247,245 | +92.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €3,250 | €6,500 | +€3,250 | +100% |
| Non-distributable reserves | 130/1 | €3,250 | €6,500 | +€3,250 | +100% |
| Legal reserve | 130 | - | €6,500 | +€6,500 | |
| Reserves not available under the articles | 1311 | €3,250 | - | -€3,250 | |
| Profit (loss) carried forward | 14 | €199,507 | €443,502 | +€243,995 | +122% |
| Amounts payable | 17/49 | €45,777 | €46,329 | +€552 | +1.2% |
| Amounts payable within one year | 42/48 | €45,777 | €46,329 | +€552 | +1.2% |
| Trade debts | 44 | €1,900 | €720 | -€1,180 | -62.1% |
| Suppliers | 440/4 | €1,900 | €720 | -€1,180 | -62.1% |
| Taxes, remuneration and social security | 45 | €6,878 | €8,609 | +€1,732 | +25.2% |
| Taxes | 450/3 | €6,878 | €7,088 | +€210 | +3.1% |
| Remuneration and social security | 454/9 | - | €1,521 | +€1,521 | |
| Other amounts payable | 47/48 | €37,000 | €37,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €10,597 | +€10,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €877 | +€877 | |
| Other operating charges | 640/8 | €900 | €158 | -€742 | -82.4% |
| Gross operating margin | 9900 | €371,898 | €259,509 | -€112,389 | -30.2% |
| Operating profit (loss) | 9901 | €370,998 | €247,877 | -€123,121 | -33.2% |
| Financial income | 75/76B | €120,000 | - | -€120,000 | |
| Recurring financial income | 75 | €120,000 | - | -€120,000 | |
| Non-recurring financial income | 76B | €120,000 | - | -€120,000 | |
| Financial charges | 65/66B | €9,394 | €632 | -€8,763 | -93.3% |
| Recurring financial charges | 65 | €9,394 | €632 | -€8,763 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €481,604 | €247,245 | -€234,359 | -48.7% |
| Profit (loss) for the period | 9904 | €481,604 | €247,245 | -€234,359 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €481,604 | €247,245 | -€234,359 | -48.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.