CADRON: 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.
CADRON
Largest movements
- Cash -€101,011
down €101,011 (-92.3%), from €109,389 to €8,378
mainly Current investments (-€81,581) and Net result for the year (-€10,444)
- Current investments +€81,581
up €81,581 (+17.5%), from €465,943 to €547,524
- Profit (loss) carried forward -€10,444
down €10,444 (-11.0%), from €94,661 to €84,217
- Current portion of long-term debt -€8,986
down €8,986 (-95.4%), from €9,422 to €436
- Gross operating margin -€15,729
down €15,729, from €5,096 to -€10,633
- Financial charges -€6,240
down €6,240 (-89.9%), from €6,943 to €703
- Financial income -€5,562
down €5,562 (-57.6%), from €9,657 to €4,095
- Depreciation -€574
no longer reported in 2025 (was €574)
- Other operating charges +€317
up €317 (+21.3%), from €1,487 to €1,804
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 | €582,292 | €562,862 | -€19,430 | -3.3% |
| Fixed assets | 21/28 | €6,960 | €6,960 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,160 | €2,160 | = | 0.0% |
| Furniture and vehicles | 24 | €111 | €112 | +€1 | +0.9% |
| Leasing and similar rights | 25 | €2,049 | €2,048 | -€1 | 0.0% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €575,332 | €555,902 | -€19,430 | -3.4% |
| Current investments | 50/53 | €465,943 | €547,524 | +€81,581 | +17.5% |
| Cash at bank and in hand | 54/58 | €109,389 | €8,378 | -€101,011 | -92.3% |
| Total equity and liabilities | 10/49 | €582,292 | €562,862 | -€19,430 | -3.3% |
| Equity | 10/15 | €572,870 | €562,426 | -€10,444 | -1.8% |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Capital | 10 | €198,600 | €198,600 | = | 0.0% |
| Issued capital | 100 | €198,600 | €198,600 | = | 0.0% |
| Reserves | 13 | €279,609 | €279,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €279,609 | €279,609 | = | 0.0% |
| Legal reserve | 130 | €10,020 | €10,020 | = | 0.0% |
| Reserves not available under the articles | 1311 | €269,589 | €269,589 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,661 | €84,217 | -€10,444 | -11.0% |
| Amounts payable | 17/49 | €9,422 | €436 | -€8,986 | -95.4% |
| Amounts payable within one year | 42/48 | €9,422 | €436 | -€8,986 | -95.4% |
| Current portion of amounts payable after more than one year | 42 | €9,422 | €436 | -€8,986 | -95.4% |
| Non-recurring operating income | 76A | - | €15,153 | +€15,153 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €574 | - | -€574 | |
| Other operating charges | 640/8 | €1,487 | €1,804 | +€317 | +21.3% |
| Gross operating margin | 9900 | €5,096 | -€10,633 | -€15,729 | |
| Operating profit (loss) | 9901 | €3,035 | -€12,437 | -€15,472 | |
| Financial income | 75/76B | €9,657 | €4,095 | -€5,562 | -57.6% |
| Recurring financial income | 75 | €9,657 | €4,095 | -€5,562 | -57.6% |
| Financial charges | 65/66B | €6,943 | €703 | -€6,240 | -89.9% |
| Recurring financial charges | 65 | €6,943 | €703 | -€6,240 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €5,749 | -€9,045 | -€14,794 | |
| Income taxes | 67/77 | €1,351 | €1,399 | +€48 | +3.6% |
| Profit (loss) for the period | 9904 | €4,398 | -€10,444 | -€14,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,398 | -€10,444 | -€14,842 |
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 11 October 2026 via checked.be.