CADRUS: 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.
CADRUS
Largest movements
- Receivables within one year +€8,993
up €8,993 (+1015.0%), from €886 to €9,879
- Cash -€5,856
down €5,856 (-15.1%), from €38,664 to €32,808
mainly Receivables within one year (-€8,993) and Net result for the year (-€7,892)
- Tangible fixed assets -€2,887
down €2,887 (-32.0%), from €9,021 to €6,134
- Other debts +€12,537
up €12,537 (+1882.4%), from €666 to €13,203
- Profit (loss) carried forward -€7,892
down €7,892 (-19.9%), from €39,589 to €31,697
- Trade debts -€4,548
down €4,548 (-23.2%), from €19,578 to €15,030
- Gross operating margin +€3,017
up €3,017 (+8.3%), from €36,395 to €39,412
- Staff costs +€2,287
up €2,287 (+5.8%), from €39,504 to €41,791
- Financial charges -€682
down €682 (-26.8%), from €2,546 to €1,864
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 | €94,464 | €94,410 | -€54 | -0.1% |
| Fixed assets | 21/28 | €9,086 | €6,199 | -€2,887 | -31.8% |
| Tangible fixed assets | 22/27 | €9,021 | €6,134 | -€2,887 | -32.0% |
| Furniture and vehicles | 24 | €9,021 | €6,134 | -€2,887 | -32.0% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €85,378 | €88,211 | +€2,833 | +3.3% |
| Stocks and contracts in progress | 3 | €45,543 | €45,237 | -€306 | -0.7% |
| Stocks | 30/36 | €17,287 | €16,690 | -€597 | -3.5% |
| Contracts in progress | 37 | €28,256 | €28,547 | +€291 | +1.0% |
| Amounts receivable within one year | 40/41 | €886 | €9,879 | +€8,993 | +1015.0% |
| Trade receivables | 40 | €886 | €9,879 | +€8,993 | +1015.0% |
| Current investments | 50/53 | €285 | €287 | +€2 | +0.7% |
| Cash at bank and in hand | 54/58 | €38,664 | €32,808 | -€5,856 | -15.1% |
| Total equity and liabilities | 10/49 | €94,464 | €94,410 | -€54 | -0.1% |
| Equity | 10/15 | €65,540 | €57,648 | -€7,892 | -12.0% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Distributable reserves | 133 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,589 | €31,697 | -€7,892 | -19.9% |
| Amounts payable | 17/49 | €28,924 | €36,762 | +€7,838 | +27.1% |
| Amounts payable within one year | 42/48 | €28,924 | €36,762 | +€7,838 | +27.1% |
| Trade debts | 44 | €19,578 | €15,030 | -€4,548 | -23.2% |
| Suppliers | 440/4 | €19,578 | €15,030 | -€4,548 | -23.2% |
| Taxes, remuneration and social security | 45 | €8,680 | €8,529 | -€151 | -1.7% |
| Taxes | 450/3 | €6,230 | €4,583 | -€1,647 | -26.4% |
| Remuneration and social security | 454/9 | €2,450 | €3,946 | +€1,496 | +61.1% |
| Other amounts payable | 47/48 | €666 | €13,203 | +€12,537 | +1882.4% |
| Remuneration, social security and pensions | 62 | €39,504 | €41,791 | +€2,287 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,207 | €2,887 | -€320 | -10.0% |
| Other operating charges | 640/8 | €392 | €765 | +€373 | +95.2% |
| Gross operating margin | 9900 | €36,395 | €39,412 | +€3,017 | +8.3% |
| Operating profit (loss) | 9901 | -€6,708 | -€6,031 | +€677 | +10.1% |
| Financial income | 75/76B | €2 | €3 | +€1 | +50.0% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +50.0% |
| Financial charges | 65/66B | €2,546 | €1,864 | -€682 | -26.8% |
| Recurring financial charges | 65 | €2,546 | €1,864 | -€682 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,252 | -€7,892 | +€1,360 | +14.7% |
| Income taxes | 67/77 | €8 | - | -€8 | |
| Profit (loss) for the period | 9904 | -€9,260 | -€7,892 | +€1,368 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,260 | -€7,892 | +€1,368 | +14.8% |
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 2 October 2026 via checked.be.