CADRIEN: 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.
CADRIEN
Largest movements
- Receivables within one year +€526,217
up €526,217 (+73.6%), from €714,950 to €1.2m
of which Other amounts receivable: +€526,181
- Receivables after one year -€495,000
down €495,000 (-100.0%), from €495,000 to €0
- Other debts +€1.6m
up €1.6m (+1512.6%), from €107,264 to €1.7m
- Reserves -€1.6m
down €1.6m (-12.6%), from €12.5m to €11.0m
of which Distributable reserves: -€1.4m
- Gross operating margin +€161,373
up €161,373 (+129.5%), from €124,567 to €285,940
- Financial income +€99,299
up €99,299 (+82.6%), from €120,255 to €219,554
- Financial charges +€38,037
up €38,037, from -€7,623 to €30,414
- Taxes +€25,609
up €25,609 (+354.7%), from €7,220 to €32,829
- Depreciation -€6,250
down €6,250 (-2.0%), from €306,011 to €299,761
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 | €13,626,797 | €13,580,870 | -€45,927 | -0.3% |
| Fixed assets | 21/28 | €8,210,563 | €8,150,119 | -€60,444 | -0.7% |
| Tangible fixed assets | 22/27 | €8,210,513 | €8,150,069 | -€60,444 | -0.7% |
| Land and buildings | 22 | €8,194,807 | €8,139,182 | -€55,625 | -0.7% |
| Plant, machinery and equipment | 23 | €5,182 | €3,787 | -€1,395 | -26.9% |
| Furniture and vehicles | 24 | €10,524 | €7,100 | -€3,424 | -32.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €5,416,234 | €5,430,751 | +€14,517 | +0.3% |
| Amounts receivable after more than one year | 29 | €495,000 | €0 | -€495,000 | -100.0% |
| Other amounts receivable | 291 | €495,000 | €0 | -€495,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €714,950 | €1,241,166 | +€526,217 | +73.6% |
| Trade receivables | 40 | €1,763 | €1,799 | +€36 | +2.0% |
| Other amounts receivable | 41 | €713,187 | €1,239,367 | +€526,181 | +73.8% |
| Current investments | 50/53 | €3,874,657 | €3,853,420 | -€21,236 | -0.5% |
| Cash at bank and in hand | 54/58 | €272,283 | €280,924 | +€8,641 | +3.2% |
| Deferred charges and accrued income | 490/1 | €59,344 | €55,240 | -€4,105 | -6.9% |
| Total equity and liabilities | 10/49 | €13,626,797 | €13,580,870 | -€45,927 | -0.3% |
| Equity | 10/15 | €12,545,119 | €10,972,415 | -€1.6m | -12.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €12,526,569 | €10,953,865 | -€1.6m | -12.6% |
| Tax-exempt reserves | 132 | €2,697,654 | €2,526,387 | -€171,267 | -6.3% |
| Distributable reserves | 133 | €9,828,915 | €8,427,478 | -€1.4m | -14.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €892,968 | €835,879 | -€57,089 | -6.4% |
| Deferred taxes | 168 | €892,968 | €835,879 | -€57,089 | -6.4% |
| Amounts payable | 17/49 | €188,710 | €1,772,576 | +€1.6m | +839.3% |
| Amounts payable within one year | 42/48 | €186,947 | €1,767,378 | +€1.6m | +845.4% |
| Trade debts | 44 | €78,878 | €36,884 | -€41,994 | -53.2% |
| Suppliers | 440/4 | €78,878 | €36,884 | -€41,994 | -53.2% |
| Taxes, remuneration and social security | 45 | €805 | €765 | -€41 | -5.0% |
| Taxes | 450/3 | €805 | €765 | -€41 | -5.0% |
| Other amounts payable | 47/48 | €107,264 | €1,729,729 | +€1.6m | +1512.6% |
| Accrued charges and deferred income | 492/3 | €1,763 | €5,198 | +€3,435 | +194.8% |
| Non-recurring operating income | 76A | €0 | €143,645 | +€143,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,011 | €299,761 | -€6,250 | -2.0% |
| Other operating charges | 640/8 | €40,413 | €42,552 | +€2,139 | +5.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €124,567 | €285,940 | +€161,373 | +129.5% |
| Operating profit (loss) | 9901 | -€221,857 | -€56,374 | +€165,483 | +74.6% |
| Financial income | 75/76B | €120,255 | €219,554 | +€99,299 | +82.6% |
| Recurring financial income | 75 | €120,255 | €219,554 | +€99,299 | +82.6% |
| Financial charges | 65/66B | -€7,623 | €30,414 | +€38,037 | |
| Recurring financial charges | 65 | -€7,623 | €30,414 | +€38,037 | |
| Profit (loss) for the period before taxes | 9903 | -€93,979 | €132,766 | +€226,745 | |
| Transfer from deferred taxes | 780 | €43,351 | €57,089 | +€13,738 | +31.7% |
| Income taxes | 67/77 | €7,220 | €32,829 | +€25,609 | +354.7% |
| Profit (loss) for the period | 9904 | -€57,849 | €157,026 | +€214,874 | |
| Transfer from tax-exempt reserves | 789 | €130,052 | €171,267 | +€41,215 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,204 | €328,293 | +€256,089 | +354.7% |
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 5 October 2026 via checked.be.