CADIXA: 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.
CADIXA
Largest movements
- Stocks and contracts -€20.9m
down €20.9m (-100.0%), from €20.9m to €0
- Cash -€499,405
down €499,405 (-73.4%), from €680,772 to €181,367
mainly Advances received (-€22.8m) and Contributions, distributions and other (-€700,000)
- Receivables within one year -€428,554
down €428,554 (-30.9%), from €1.4m to €957,325
of which Other amounts receivable: -€409,154
- Advances received -€22.8m
down €22.8m (-100.0%), from €22.8m to €0
- Profit (loss) carried forward +€738,988
up €738,988, from -€16,438 to €722,550
- Gross operating margin +€2.0m
up €2.0m, from -€2,455 to €2.0m
- Taxes +€500,903
new in 2025: €500,903
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 | €22,936,003 | €1,138,691 | -€21.8m | -95.0% |
| Current assets | 29/58 | €22,936,003 | €1,138,691 | -€21.8m | -95.0% |
| Stocks and contracts in progress | 3 | €20,869,352 | €0 | -€20.9m | -100.0% |
| Stocks | 30/36 | €20,869,352 | €0 | -€20.9m | -100.0% |
| Amounts receivable within one year | 40/41 | €1,385,879 | €957,325 | -€428,554 | -30.9% |
| Trade receivables | 40 | €25,138 | €5,737 | -€19,401 | -77.2% |
| Other amounts receivable | 41 | €1,360,741 | €951,588 | -€409,154 | -30.1% |
| Cash at bank and in hand | 54/58 | €680,772 | €181,367 | -€499,405 | -73.4% |
| Total equity and liabilities | 10/49 | €22,936,003 | €1,138,691 | -€21.8m | -95.0% |
| Equity | 10/15 | €183,562 | €997,421 | +€813,860 | +443.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Uncalled capital | 101 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | - | €74,871 | +€74,871 | |
| Non-distributable reserves | 130/1 | - | €74,871 | +€74,871 | |
| Legal reserve | 130 | - | €74,871 | +€74,871 | |
| Profit (loss) carried forward | 14 | -€16,438 | €722,550 | +€738,988 | |
| Amounts payable | 17/49 | €22,752,441 | €141,270 | -€22.6m | -99.4% |
| Amounts payable within one year | 42/48 | €22,752,441 | €141,270 | -€22.6m | -99.4% |
| Trade debts | 44 | €363 | €367 | +€4 | +1.2% |
| Suppliers | 440/4 | €363 | €367 | +€4 | +1.2% |
| Advances received on contracts in progress | 46 | €22,752,078 | €0 | -€22.8m | -100.0% |
| Taxes, remuneration and social security | 45 | - | €140,903 | +€140,903 | |
| Taxes | 450/3 | - | €140,903 | +€140,903 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€2,455 | €2,015,881 | +€2.0m | |
| Operating profit (loss) | 9901 | -€3,541 | €2,014,762 | +€2.0m | |
| Profit (loss) for the period before taxes | 9903 | -€3,541 | €2,014,762 | +€2.0m | |
| Income taxes | 67/77 | - | €500,903 | +€500,903 | |
| Profit (loss) for the period | 9904 | -€3,541 | €1,513,860 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,541 | €1,513,860 | +€1.5m |
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 12 October 2026 via checked.be.