CADY: 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.
CADY
Largest movements
- Tangible fixed assets -€13,654
down €13,654 (-6.1%), from €224,478 to €210,824
of which Land and buildings: -€13,535
- Cash +€3,372
up €3,372 (+16.2%), from €20,819 to €24,191
mainly Net result for the year (+€13,735) and Depreciation (+€13,654)
- Debts after one year -€23,315
down €23,315 (-23.7%), from €98,177 to €74,862
- Reserves +€13,000
up €13,000 (+29.4%), from €44,150 to €57,150
- Other debts -€3,860
down €3,860 (-7.2%), from €53,279 to €49,419
- Tax, wage and social debts +€3,354
up €3,354 (+92.1%), from €3,640 to €6,994
- Gross operating margin -€1,711
down €1,711 (-3.5%), from €48,959 to €47,247
- Financial charges -€1,492
down €1,492 (-16.4%), from €9,115 to €7,622
- Taxes +€733
up €733 (+13.0%), from €5,631 to €6,364
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 | €245,984 | €235,730 | -€10,254 | -4.2% |
| Fixed assets | 21/28 | €224,478 | €210,824 | -€13,654 | -6.1% |
| Tangible fixed assets | 22/27 | €224,478 | €210,824 | -€13,654 | -6.1% |
| Land and buildings | 22 | €224,360 | €210,824 | -€13,535 | -6.0% |
| Furniture and vehicles | 24 | €119 | - | -€119 | |
| Current assets | 29/58 | €21,506 | €24,905 | +€3,400 | +15.8% |
| Cash at bank and in hand | 54/58 | €20,819 | €24,191 | +€3,372 | +16.2% |
| Deferred charges and accrued income | 490/1 | €686 | €714 | +€28 | +4.1% |
| Total equity and liabilities | 10/49 | €245,984 | €235,730 | -€10,254 | -4.2% |
| Equity | 10/15 | €62,615 | €76,350 | +€13,735 | +21.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €44,150 | €57,150 | +€13,000 | +29.4% |
| Distributable reserves | 133 | €44,150 | €57,150 | +€13,000 | +29.4% |
| Profit (loss) carried forward | 14 | -€43,035 | -€42,300 | +€735 | +1.7% |
| Amounts payable | 17/49 | €183,369 | €159,380 | -€23,989 | -13.1% |
| Amounts payable after more than one year | 17 | €98,177 | €74,862 | -€23,315 | -23.7% |
| Financial debts | 170/4 | €98,177 | €74,862 | -€23,315 | -23.7% |
| Amounts payable within one year | 42/48 | €79,788 | €79,874 | +€86 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €22,548 | €23,315 | +€767 | +3.4% |
| Trade debts | 44 | €320 | €145 | -€175 | -54.7% |
| Suppliers | 440/4 | €320 | €145 | -€175 | -54.7% |
| Taxes, remuneration and social security | 45 | €3,640 | €6,994 | +€3,354 | +92.1% |
| Taxes | 450/3 | €3,640 | €6,994 | +€3,354 | +92.1% |
| Other amounts payable | 47/48 | €53,279 | €49,419 | -€3,860 | -7.2% |
| Accrued charges and deferred income | 492/3 | €5,404 | €4,645 | -€759 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,568 | €13,654 | +€86 | +0.6% |
| Other operating charges | 640/8 | €5,694 | €5,872 | +€179 | +3.1% |
| Gross operating margin | 9900 | €48,959 | €47,247 | -€1,711 | -3.5% |
| Operating profit (loss) | 9901 | €29,698 | €27,721 | -€1,977 | -6.7% |
| Financial charges | 65/66B | €9,115 | €7,622 | -€1,492 | -16.4% |
| Recurring financial charges | 65 | €9,115 | €7,622 | -€1,492 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €20,583 | €20,099 | -€484 | -2.4% |
| Income taxes | 67/77 | €5,631 | €6,364 | +€733 | +13.0% |
| Profit (loss) for the period | 9904 | €14,952 | €13,735 | -€1,217 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,952 | €13,735 | -€1,217 | -8.1% |
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 12 October 2026 via checked.be.