CADIZ: 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.
CADIZ
Largest movements
- Stocks and contracts +€89,215
new in 2025: €89,215
- Receivables within one year -€4,656
down €4,656 (-11.5%), from €40,382 to €35,726
of which Other amounts receivable: -€5,347
- Cash +€2,381
up €2,381 (+51.6%), from €4,617 to €6,998
mainly Net result for the year (+€86,763) and Receivables within one year (+€4,656)
- Profit (loss) carried forward +€86,763
up €86,763, from -€53,068 to €33,695
- Gross operating margin +€13,612
up €13,612 (+18.6%), from €73,265 to €86,877
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 | €44,999 | €131,939 | +€86,940 | +193% |
| Current assets | 29/58 | €44,999 | €131,939 | +€86,940 | +193% |
| Stocks and contracts in progress | 3 | - | €89,215 | +€89,215 | |
| Stocks | 30/36 | - | €89,215 | +€89,215 | |
| Amounts receivable within one year | 40/41 | €40,382 | €35,726 | -€4,656 | -11.5% |
| Trade receivables | 40 | €1,425 | €2,116 | +€691 | +48.5% |
| Other amounts receivable | 41 | €38,957 | €33,610 | -€5,347 | -13.7% |
| Cash at bank and in hand | 54/58 | €4,617 | €6,998 | +€2,381 | +51.6% |
| Total equity and liabilities | 10/49 | €44,999 | €131,939 | +€86,940 | +193% |
| Equity | 10/15 | €44,438 | €131,201 | +€86,763 | +195% |
| Contributions | 10/11 | €93,592 | €93,592 | -€0 | 0.0% |
| Reserves | 13 | €3,915 | €3,914 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | -€0 | 0.0% |
| Distributable reserves | 133 | €2,055 | €2,055 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€53,068 | €33,695 | +€86,763 | |
| Amounts payable | 17/49 | €561 | €738 | +€177 | +31.7% |
| Amounts payable within one year | 42/48 | €561 | €738 | +€177 | +31.7% |
| Trade debts | 44 | €561 | €738 | +€177 | +31.7% |
| Suppliers | 440/4 | €561 | €738 | +€177 | +31.7% |
| Gross operating margin | 9900 | €73,265 | €86,877 | +€13,612 | +18.6% |
| Operating profit (loss) | 9901 | €73,265 | €86,877 | +€13,612 | +18.6% |
| Financial charges | 65/66B | €83 | €114 | +€31 | +36.6% |
| Recurring financial charges | 65 | €83 | €114 | +€31 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €73,182 | €86,763 | +€13,581 | +18.6% |
| Profit (loss) for the period | 9904 | €73,182 | €86,763 | +€13,581 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,182 | €86,763 | +€13,581 | +18.6% |
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 14 October 2026 via checked.be.