CADOU: 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.
CADOU
Largest movements
- Cash +€48,534
up €48,534 (+108.1%), from €44,887 to €93,421
mainly Net result for the year (+€121,129) and Depreciation (+€18,797)
- Receivables within one year +€37,469
up €37,469 (+39136.1%), from €96 to €37,565
of which Trade receivables: +€36,508
- Tangible fixed assets -€11,941
down €11,941 (-3.9%), from €307,117 to €295,176
of which Land and buildings: -€12,148
- Profit (loss) carried forward +€121,129
up €121,129 (+248.2%), from €48,804 to €169,933
- Other debts -€35,460
down €35,460 (-50.5%), from €70,186 to €34,726
- Debts after one year -€13,049
down €13,049 (-6.2%), from €211,897 to €198,848
- Gross operating margin +€107,549
up €107,549 (+127.4%), from €84,443 to €191,993
- Taxes +€24,864
up €24,864 (+235.2%), from €10,572 to €35,437
- Depreciation +€6,914
up €6,914 (+58.2%), from €11,883 to €18,797
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 | €360,803 | €436,935 | +€76,132 | +21.1% |
| Fixed assets | 21/28 | €307,451 | €295,325 | -€12,126 | -3.9% |
| Tangible fixed assets | 22/27 | €307,117 | €295,176 | -€11,941 | -3.9% |
| Land and buildings | 22 | €282,296 | €270,149 | -€12,148 | -4.3% |
| Plant, machinery and equipment | 23 | €21,896 | €20,571 | -€1,325 | -6.1% |
| Furniture and vehicles | 24 | €2,924 | €4,457 | +€1,532 | +52.4% |
| Financial fixed assets | 28 | €334 | €149 | -€186 | -55.5% |
| Current assets | 29/58 | €53,352 | €141,610 | +€88,259 | +165.4% |
| Stocks and contracts in progress | 3 | €8,369 | €10,625 | +€2,256 | +27.0% |
| Stocks | 30/36 | €8,369 | €10,625 | +€2,256 | +27.0% |
| Amounts receivable within one year | 40/41 | €96 | €37,565 | +€37,469 | +39136.1% |
| Trade receivables | 40 | - | €36,508 | +€36,508 | |
| Other amounts receivable | 41 | €96 | €1,057 | +€961 | +1003.6% |
| Cash at bank and in hand | 54/58 | €44,887 | €93,421 | +€48,534 | +108.1% |
| Total equity and liabilities | 10/49 | €360,803 | €436,935 | +€76,132 | +21.1% |
| Equity | 10/15 | €58,804 | €179,933 | +€121,129 | +206.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,804 | €169,933 | +€121,129 | +248.2% |
| Amounts payable | 17/49 | €301,999 | €257,002 | -€44,997 | -14.9% |
| Amounts payable after more than one year | 17 | €211,897 | €198,848 | -€13,049 | -6.2% |
| Financial debts | 170/4 | €211,897 | €198,848 | -€13,049 | -6.2% |
| Amounts payable within one year | 42/48 | €88,740 | €56,792 | -€31,947 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €12,729 | €13,049 | +€320 | +2.5% |
| Trade debts | 44 | €4,994 | €6,195 | +€1,200 | +24.0% |
| Suppliers | 440/4 | €4,994 | €6,195 | +€1,200 | +24.0% |
| Taxes, remuneration and social security | 45 | €831 | €2,823 | +€1,993 | +239.9% |
| Taxes | 450/3 | €831 | €2,823 | +€1,993 | +239.9% |
| Other amounts payable | 47/48 | €70,186 | €34,726 | -€35,460 | -50.5% |
| Accrued charges and deferred income | 492/3 | €1,362 | €1,361 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,883 | €18,797 | +€6,914 | +58.2% |
| Other operating charges | 640/8 | €2,664 | €4,174 | +€1,510 | +56.7% |
| Gross operating margin | 9900 | €84,443 | €191,993 | +€107,549 | +127.4% |
| Operating profit (loss) | 9901 | €69,896 | €169,021 | +€99,125 | +141.8% |
| Financial income | 75/76B | €248 | €89 | -€160 | -64.3% |
| Recurring financial income | 75 | €248 | €89 | -€160 | -64.3% |
| Financial charges | 65/66B | €10,768 | €12,544 | +€1,776 | +16.5% |
| Recurring financial charges | 65 | €10,768 | €12,544 | +€1,776 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €59,376 | €156,566 | +€97,190 | +163.7% |
| Income taxes | 67/77 | €10,572 | €35,437 | +€24,864 | +235.2% |
| Profit (loss) for the period | 9904 | €48,804 | €121,129 | +€72,325 | +148.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,804 | €121,129 | +€72,325 | +148.2% |
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 7 October 2026 via checked.be.