CADUCEE: 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.
CADUCEE
Largest movements
- Tangible fixed assets +€7,598
up €7,598 (+172.6%), from €4,402 to €12,000
- Receivables within one year +€5,550
up €5,550 (+22.4%), from €24,800 to €30,350
of which Trade receivables: +€5,315
- Cash -€1,669
down €1,669 (-71.1%), from €2,348 to €679
mainly Investment in fixed assets (net) (-€9,112) and Receivables within one year (-€5,550)
- Reserves +€7,067
up €7,067 (+53.8%), from €13,137 to €20,204
of which Distributable reserves: +€7,067
- Trade debts +€3,429
up €3,429 (+58.9%), from €5,819 to €9,248
- Tax, wage and social debts +€854
up €854 (+30.8%), from €2,772 to €3,626
- Gross operating margin +€4,545
up €4,545 (+53.6%), from €8,475 to €13,021
- Taxes +€1,235
up €1,235 (+51.7%), from €2,391 to €3,626
- Depreciation +€544
up €544 (+56.1%), from €970 to €1,514
- Financial charges +€323
up €323 (+330.0%), from €98 to €421
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 | €31,550 | €43,030 | +€11,479 | +36.4% |
| Fixed assets | 21/28 | €4,402 | €12,000 | +€7,598 | +172.6% |
| Tangible fixed assets | 22/27 | €4,402 | €12,000 | +€7,598 | +172.6% |
| Furniture and vehicles | 24 | €4,402 | €12,000 | +€7,598 | +172.6% |
| Current assets | 29/58 | €27,148 | €31,029 | +€3,882 | +14.3% |
| Amounts receivable within one year | 40/41 | €24,800 | €30,350 | +€5,550 | +22.4% |
| Trade receivables | 40 | €22,145 | €27,459 | +€5,315 | +24.0% |
| Other amounts receivable | 41 | €2,655 | €2,891 | +€236 | +8.9% |
| Cash at bank and in hand | 54/58 | €2,348 | €679 | -€1,669 | -71.1% |
| Total equity and liabilities | 10/49 | €31,550 | €43,030 | +€11,479 | +36.4% |
| Equity | 10/15 | €21,616 | €28,683 | +€7,067 | +32.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €13,137 | €20,204 | +€7,067 | +53.8% |
| Non-distributable reserves | 130/1 | €872 | €872 | = | 0.0% |
| Reserves not available under the articles | 1311 | €872 | €872 | = | 0.0% |
| Distributable reserves | 133 | €12,265 | €19,332 | +€7,067 | +57.6% |
| Profit (loss) carried forward | 14 | €2,274 | €2,274 | = | 0.0% |
| Amounts payable | 17/49 | €9,934 | €14,347 | +€4,413 | +44.4% |
| Amounts payable within one year | 42/48 | €9,741 | €14,148 | +€4,407 | +45.2% |
| Trade debts | 44 | €5,819 | €9,248 | +€3,429 | +58.9% |
| Suppliers | 440/4 | €5,819 | €9,248 | +€3,429 | +58.9% |
| Taxes, remuneration and social security | 45 | €2,772 | €3,626 | +€854 | +30.8% |
| Taxes | 450/3 | €2,772 | €3,626 | +€854 | +30.8% |
| Other amounts payable | 47/48 | €1,150 | €1,274 | +€124 | +10.8% |
| Accrued charges and deferred income | 492/3 | €193 | €198 | +€6 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €1,514 | +€544 | +56.1% |
| Other operating charges | 640/8 | €403 | €393 | -€10 | -2.6% |
| Gross operating margin | 9900 | €8,475 | €13,021 | +€4,545 | +53.6% |
| Operating profit (loss) | 9901 | €7,103 | €11,114 | +€4,012 | +56.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €98 | €421 | +€323 | +330.0% |
| Recurring financial charges | 65 | €98 | €421 | +€323 | +330.0% |
| Profit (loss) for the period before taxes | 9903 | €7,005 | €10,693 | +€3,688 | +52.7% |
| Income taxes | 67/77 | €2,391 | €3,626 | +€1,235 | +51.7% |
| Profit (loss) for the period | 9904 | €4,614 | €7,067 | +€2,453 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,614 | €7,067 | +€2,453 | +53.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.