CADRATHA: 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.
CADRATHA
Largest movements
- Current investments +€218,313
up €218,313 (+51.0%), from €427,702 to €646,015
- Deferred charges and accrued income +€207,286
up €207,286 (+604.2%), from €34,306 to €241,592
- Cash -€193,119
down €193,119 (-62.6%), from €308,353 to €115,234
mainly Current investments (-€218,313) and Deferred charges and accrued income (-€207,286)
- Tangible fixed assets +€108,773
up €108,773 (+558.5%), from €19,477 to €128,250
of which Furniture and vehicles: +€108,445
- Receivables within one year -€12,516
down €12,516 (-99.6%), from €12,566 to €50
of which Other amounts receivable: -€11,887
- Reserves +€241,564
up €241,564 (+36.4%), from €664,163 to €905,727
- Tax, wage and social debts +€57,158
up €57,158 (+270.8%), from €21,105 to €78,264
of which Taxes: +€56,954
- Other debts +€30,164
up €30,164 (+31.1%), from €96,980 to €127,144
- Gross operating margin +€256,909
up €256,909 (+96.9%), from €265,083 to €521,992
- Taxes +€72,303
up €72,303 (+85.7%), from €84,405 to €156,707
- Depreciation +€20,620
up €20,620 (+277.0%), from €7,445 to €28,065
- Financial income -€7,223
down €7,223 (-35.7%), from €20,254 to €13,031
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 | €802,405 | €1,131,141 | +€328,736 | +41.0% |
| Fixed assets | 21/28 | €19,477 | €128,250 | +€108,773 | +558.5% |
| Tangible fixed assets | 22/27 | €19,477 | €128,250 | +€108,773 | +558.5% |
| Land and buildings | 22 | €11,687 | €14,132 | +€2,446 | +20.9% |
| Plant, machinery and equipment | 23 | €5,722 | €3,605 | -€2,117 | -37.0% |
| Furniture and vehicles | 24 | €2,069 | €110,513 | +€108,445 | +5242.6% |
| Current assets | 29/58 | €782,927 | €1,002,891 | +€219,963 | +28.1% |
| Amounts receivable within one year | 40/41 | €12,566 | €50 | -€12,516 | -99.6% |
| Trade receivables | 40 | €629 | - | -€629 | |
| Other amounts receivable | 41 | €11,937 | €50 | -€11,887 | -99.6% |
| Current investments | 50/53 | €427,702 | €646,015 | +€218,313 | +51.0% |
| Cash at bank and in hand | 54/58 | €308,353 | €115,234 | -€193,119 | -62.6% |
| Deferred charges and accrued income | 490/1 | €34,306 | €241,592 | +€207,286 | +604.2% |
| Total equity and liabilities | 10/49 | €802,405 | €1,131,141 | +€328,736 | +41.0% |
| Equity | 10/15 | €682,763 | €924,327 | +€241,564 | +35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €664,163 | €905,727 | +€241,564 | +36.4% |
| Distributable reserves | 133 | €664,163 | €905,727 | +€241,564 | +36.4% |
| Amounts payable | 17/49 | €119,642 | €206,814 | +€87,172 | +72.9% |
| Amounts payable within one year | 42/48 | €119,642 | €206,814 | +€87,172 | +72.9% |
| Trade debts | 44 | €1,556 | €1,406 | -€150 | -9.6% |
| Suppliers | 440/4 | €1,556 | €1,406 | -€150 | -9.6% |
| Taxes, remuneration and social security | 45 | €21,105 | €78,264 | +€57,158 | +270.8% |
| Taxes | 450/3 | €17,790 | €74,744 | +€56,954 | +320.1% |
| Remuneration and social security | 454/9 | €3,315 | €3,520 | +€205 | +6.2% |
| Other amounts payable | 47/48 | €96,980 | €127,144 | +€30,164 | +31.1% |
| Non-recurring operating income | 76A | €4,717 | - | -€4,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,445 | €28,065 | +€20,620 | +277.0% |
| Other operating charges | 640/8 | €1,816 | €1,323 | -€493 | -27.2% |
| Gross operating margin | 9900 | €265,083 | €521,992 | +€256,909 | +96.9% |
| Operating profit (loss) | 9901 | €255,823 | €492,604 | +€236,781 | +92.6% |
| Financial income | 75/76B | €20,254 | €13,031 | -€7,223 | -35.7% |
| Recurring financial income | 75 | €20,254 | €13,031 | -€7,223 | -35.7% |
| Financial charges | 65/66B | €4,968 | €3,736 | -€1,232 | -24.8% |
| Recurring financial charges | 65 | €4,968 | €3,736 | -€1,232 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €271,108 | €501,899 | +€230,791 | +85.1% |
| Income taxes | 67/77 | €84,405 | €156,707 | +€72,303 | +85.7% |
| Profit (loss) for the period | 9904 | €186,704 | €345,192 | +€158,488 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €186,704 | €345,192 | +€158,488 | +84.9% |
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 6 October 2026 via checked.be.