CADSKILLS: 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.
CADSKILLS
Largest movements
- Intangible fixed assets +€275,796
up €275,796 (+117.3%), from €235,115 to €510,911
- Receivables within one year -€106,638
down €106,638 (-35.1%), from €304,017 to €197,378
of which Trade receivables: -€107,971
- Cash -€49,667
down €49,667 (-42.9%), from €115,710 to €66,043
mainly Net result for the year (-€459,431) and Investment in fixed assets (net) (-€398,265)
- Tangible fixed assets -€21,214
down €21,214 (-8.6%), from €248,059 to €226,845
of which Other tangible fixed assets: -€29,312
- Profit (loss) carried forward -€445,039
new in 2025: -€445,039
- Short-term financial debts +€356,633
up €356,633 (+1434.9%), from €24,854 to €381,488
- Trade debts -€172,055
down €172,055 (-60.9%), from €282,357 to €110,302
- Other debts +€170,818
up €170,818 (+307.6%), from €55,542 to €226,360
- Debts after one year +€146,066
up €146,066 (+85.5%), from €170,761 to €316,826
of which Financial debts: +€146,066
- Gross operating margin -€381,632
down €381,632 (-63.8%), from €598,274 to €216,643
- Depreciation +€63,979
up €63,979 (+78.1%), from €81,927 to €145,906
- Write-downs +€20,070
new in 2025: €20,070
- Financial charges +€19,055
up €19,055 (+126.9%), from €15,011 to €34,066
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 | €1,054,549 | €1,153,915 | +€99,366 | +9.4% |
| Formation expenses | 20 | €6,179 | €3,941 | -€2,238 | -36.2% |
| Fixed assets | 21/28 | €485,489 | €740,086 | +€254,597 | +52.4% |
| Intangible fixed assets | 21 | €235,115 | €510,911 | +€275,796 | +117.3% |
| Tangible fixed assets | 22/27 | €248,059 | €226,845 | -€21,214 | -8.6% |
| Plant, machinery and equipment | 23 | €32,347 | €38,417 | +€6,070 | +18.8% |
| Furniture and vehicles | 24 | €27,379 | €29,407 | +€2,028 | +7.4% |
| Other tangible fixed assets | 26 | €188,333 | €159,021 | -€29,312 | -15.6% |
| Financial fixed assets | 28 | €2,314 | €2,329 | +€15 | +0.6% |
| Current assets | 29/58 | €562,881 | €409,888 | -€152,993 | -27.2% |
| Stocks and contracts in progress | 3 | €116,038 | €120,104 | +€4,066 | +3.5% |
| Stocks | 30/36 | €52,485 | €47,750 | -€4,735 | -9.0% |
| Contracts in progress | 37 | €63,553 | €72,353 | +€8,801 | +13.8% |
| Amounts receivable within one year | 40/41 | €304,017 | €197,378 | -€106,638 | -35.1% |
| Trade receivables | 40 | €277,387 | €169,417 | -€107,971 | -38.9% |
| Other amounts receivable | 41 | €26,629 | €27,962 | +€1,333 | +5.0% |
| Cash at bank and in hand | 54/58 | €115,710 | €66,043 | -€49,667 | -42.9% |
| Deferred charges and accrued income | 490/1 | €27,116 | €26,363 | -€753 | -2.8% |
| Total equity and liabilities | 10/49 | €1,054,549 | €1,153,915 | +€99,366 | +9.4% |
| Equity | 10/15 | €427,621 | -€31,810 | -€459,431 | |
| Contributions | 10/11 | €413,229 | €413,229 | = | 0.0% |
| Reserves | 13 | €14,393 | €0 | -€14,393 | -100.0% |
| Distributable reserves | 133 | €14,393 | €0 | -€14,393 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€445,039 | -€445,039 | |
| Amounts payable | 17/49 | €626,927 | €1,185,725 | +€558,798 | +89.1% |
| Amounts payable after more than one year | 17 | €170,761 | €316,826 | +€146,066 | +85.5% |
| Financial debts | 170/4 | €170,761 | €316,826 | +€146,066 | +85.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €450,939 | €863,337 | +€412,399 | +91.5% |
| Current portion of amounts payable after more than one year | 42 | €19,095 | €70,091 | +€50,997 | +267.1% |
| Financial debts | 43 | €24,854 | €381,488 | +€356,633 | +1434.9% |
| Credit institutions | 430/8 | €24,854 | €381,488 | +€356,633 | +1434.9% |
| Trade debts | 44 | €282,357 | €110,302 | -€172,055 | -60.9% |
| Suppliers | 440/4 | €282,357 | €110,302 | -€172,055 | -60.9% |
| Taxes, remuneration and social security | 45 | €69,091 | €75,096 | +€6,005 | +8.7% |
| Taxes | 450/3 | €12,376 | €19,451 | +€7,075 | +57.2% |
| Remuneration and social security | 454/9 | €56,714 | €55,645 | -€1,070 | -1.9% |
| Other amounts payable | 47/48 | €55,542 | €226,360 | +€170,818 | +307.6% |
| Accrued charges and deferred income | 492/3 | €5,228 | €5,562 | +€333 | +6.4% |
| Non-recurring operating income | 76A | €3,670 | €0 | -€3,670 | -100.0% |
| Remuneration, social security and pensions | 62 | €476,555 | €473,707 | -€2,848 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,927 | €145,906 | +€63,979 | +78.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,070 | +€20,070 | |
| Other operating charges | 640/8 | €2,094 | €1,951 | -€143 | -6.8% |
| Non-recurring operating charges | 66A | €87,119 | €0 | -€87,119 | -100.0% |
| Gross operating margin | 9900 | €598,274 | €216,643 | -€381,632 | -63.8% |
| Operating profit (loss) | 9901 | -€49,420 | -€424,991 | -€375,571 | -760.0% |
| Financial income | 75/76B | €2,269 | €155 | -€2,114 | -93.2% |
| Recurring financial income | 75 | €2,269 | €155 | -€2,114 | -93.2% |
| Financial charges | 65/66B | €15,011 | €34,066 | +€19,055 | +126.9% |
| Recurring financial charges | 65 | €15,011 | €34,066 | +€19,055 | +126.9% |
| Profit (loss) for the period before taxes | 9903 | -€62,162 | -€458,902 | -€396,740 | -638.2% |
| Income taxes | 67/77 | -€645 | €529 | +€1,175 | |
| Profit (loss) for the period | 9904 | -€61,517 | -€459,431 | -€397,915 | -646.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,517 | -€459,431 | -€397,915 | -646.8% |
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 6 October 2026 via checked.be.