CADIS: 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.
CADIS
Largest movements
- Financial fixed assets +€290,619
new in 2025: €290,619
- Receivables within one year +€137,386
up €137,386 (+16.4%), from €836,057 to €973,443
of which Trade receivables: +€138,602
- Tangible fixed assets -€92,063
down €92,063 (-45.1%), from €204,086 to €112,024
of which Furniture and vehicles: -€86,308
- Stocks and contracts -€39,217
down €39,217 (-12.5%), from €313,545 to €274,328
- Other debts +€709,232
up €709,232 (+1599530.1%), from €44 to €709,276
- Reserves -€439,489
down €439,489 (-77.3%), from €568,647 to €129,158
- Short-term financial debts +€200,000
new in 2025: €200,000
- Trade debts -€190,329
down €190,329 (-47.0%), from €404,655 to €214,326
- Debts after one year +€69,589
up €69,589 (+108.4%), from €64,174 to €133,763
- Staff costs -€85,016
down €85,016 (-13.1%), from €649,691 to €564,675
- Gross operating margin +€41,763
up €41,763 (+4.4%), from €944,962 to €986,725
- Taxes +€27,449
up €27,449 (+97.3%), from €28,198 to €55,646
- Financial charges +€10,483
up €10,483 (+80.4%), from €13,033 to €23,517
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 | €1,522,493 | €1,826,992 | +€304,499 | +20.0% |
| Fixed assets | 21/28 | €211,932 | €408,790 | +€196,858 | +92.9% |
| Intangible fixed assets | 21 | €7,846 | €6,148 | -€1,698 | -21.6% |
| Tangible fixed assets | 22/27 | €204,086 | €112,024 | -€92,063 | -45.1% |
| Plant, machinery and equipment | 23 | €16,895 | €12,803 | -€4,092 | -24.2% |
| Furniture and vehicles | 24 | €172,557 | €86,250 | -€86,308 | -50.0% |
| Other tangible fixed assets | 26 | €14,634 | €12,971 | -€1,662 | -11.4% |
| Financial fixed assets | 28 | - | €290,619 | +€290,619 | |
| Current assets | 29/58 | €1,310,561 | €1,418,202 | +€107,641 | +8.2% |
| Stocks and contracts in progress | 3 | €313,545 | €274,328 | -€39,217 | -12.5% |
| Stocks | 30/36 | €313,545 | €274,328 | -€39,217 | -12.5% |
| Amounts receivable within one year | 40/41 | €836,057 | €973,443 | +€137,386 | +16.4% |
| Trade receivables | 40 | €427,319 | €565,921 | +€138,602 | +32.4% |
| Other amounts receivable | 41 | €408,739 | €407,523 | -€1,216 | -0.3% |
| Cash at bank and in hand | 54/58 | €135,826 | €138,564 | +€2,738 | +2.0% |
| Deferred charges and accrued income | 490/1 | €25,133 | €31,866 | +€6,733 | +26.8% |
| Total equity and liabilities | 10/49 | €1,522,493 | €1,826,992 | +€304,499 | +20.0% |
| Equity | 10/15 | €944,877 | €439,438 | -€505,439 | -53.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €568,647 | €129,158 | -€439,489 | -77.3% |
| Distributable reserves | 133 | €568,647 | €129,158 | -€439,489 | -77.3% |
| Profit (loss) carried forward | 14 | €357,630 | €291,680 | -€65,950 | -18.4% |
| Amounts payable | 17/49 | €577,617 | €1,387,555 | +€809,938 | +140.2% |
| Amounts payable after more than one year | 17 | €64,174 | €133,763 | +€69,589 | +108.4% |
| Financial debts | 170/4 | €64,174 | €133,763 | +€69,589 | +108.4% |
| Amounts payable within one year | 42/48 | €513,443 | €1,253,682 | +€740,239 | +144.2% |
| Current portion of amounts payable after more than one year | 42 | €47,794 | €70,411 | +€22,617 | +47.3% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €404,655 | €214,326 | -€190,329 | -47.0% |
| Suppliers | 440/4 | €404,655 | €214,326 | -€190,329 | -47.0% |
| Taxes, remuneration and social security | 45 | €60,949 | €59,669 | -€1,281 | -2.1% |
| Taxes | 450/3 | €1,114 | €231 | -€883 | -79.2% |
| Remuneration and social security | 454/9 | €59,835 | €59,438 | -€397 | -0.7% |
| Other amounts payable | 47/48 | €44 | €709,276 | +€709,232 | +1599530.1% |
| Accrued charges and deferred income | 492/3 | - | €110 | +€110 | |
| Remuneration, social security and pensions | 62 | €649,691 | €564,675 | -€85,016 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,046 | €47,129 | -€6,917 | -12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €995 | €0 | -€995 | -100.0% |
| Other operating charges | 640/8 | €3,270 | €1,948 | -€1,322 | -40.4% |
| Non-recurring operating charges | 66A | - | €8,601 | +€8,601 | |
| Gross operating margin | 9900 | €944,962 | €986,725 | +€41,763 | +4.4% |
| Operating profit (loss) | 9901 | €236,959 | €364,371 | +€127,412 | +53.8% |
| Financial income | 75/76B | €4,598 | €6,472 | +€1,873 | +40.7% |
| Recurring financial income | 75 | €4,598 | €6,472 | +€1,873 | +40.7% |
| Financial charges | 65/66B | €13,033 | €23,517 | +€10,483 | +80.4% |
| Recurring financial charges | 65 | €13,033 | €23,517 | +€10,483 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €228,524 | €347,326 | +€118,802 | +52.0% |
| Income taxes | 67/77 | €28,198 | €55,646 | +€27,449 | +97.3% |
| Profit (loss) for the period | 9904 | €200,326 | €291,680 | +€91,353 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €200,326 | €291,680 | +€91,353 | +45.6% |
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.