CEDACHA: 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.
CEDACHA
Largest movements
- Stocks and contracts -€247,768
down €247,768 (-100%), from €247,768 to €0
- Receivables within one year +€169,486
up €169,486 (+68.6%), from €247,015 to €416,502
of which Other amounts receivable: +€155,552
- Receivables after one year -€100,000
down €100,000 (-55.6%), from €180,000 to €80,000
- Cash -€57,413
down €57,413 (-67.5%), from €85,065 to €27,652
mainly Short-term financial debts (-€225,519) and Receivables within one year (-€169,486)
- Financial fixed assets +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Short-term financial debts -€225,519
down €225,519 (-100%), from €225,519 to €0
of which Other loans: -€225,000
- Reserves +€99,572
up €99,572 (+24.8%), from €401,787 to €501,359
- Other debts -€63,127
down €63,127 (-100%), from €63,127 to €0
- Tax, wage and social debts -€21,737
down €21,737 (-57.6%), from €37,710 to €15,973
- Debts after one year -€10,000
down €10,000 (-43.5%), from €23,000 to €13,000
- Gross operating margin +€26,536
up €26,536 (+24.4%), from €108,576 to €135,111
- Taxes +€6,852
up €6,852 (+19.7%), from €34,736 to €41,588
- Financial income +€5,691
up €5,691 (+225%), from €2,532 to €8,222
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.
Derived cash bridge
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 | €771,438 | €546,015 | -€225,423 | -29.2% |
| Fixed assets | 21/28 | €11,146 | €20,948 | +€9,802 | +87.9% |
| Tangible fixed assets | 22/27 | €1,146 | €948 | -€199 | -17.3% |
| Furniture and vehicles | 24 | €1,146 | €948 | -€199 | -17.3% |
| Financial fixed assets | 28 | €10,000 | €20,000 | +€10,000 | +100% |
| Current assets | 29/58 | €760,292 | €525,067 | -€235,225 | -30.9% |
| Amounts receivable after more than one year | 29 | €180,000 | €80,000 | -€100,000 | -55.6% |
| Other amounts receivable | 291 | €180,000 | €80,000 | -€100,000 | -55.6% |
| Stocks and contracts in progress | 3 | €247,768 | €0 | -€247,768 | -100% |
| Stocks | 30/36 | €247,768 | €0 | -€247,768 | -100% |
| Amounts receivable within one year | 40/41 | €247,015 | €416,502 | +€169,486 | +68.6% |
| Trade receivables | 40 | €5,000 | €18,934 | +€13,934 | +279% |
| Other amounts receivable | 41 | €242,015 | €397,567 | +€155,552 | +64.3% |
| Cash at bank and in hand | 54/58 | €85,065 | €27,652 | -€57,413 | -67.5% |
| Deferred charges and accrued income | 490/1 | €444 | €913 | +€470 | +106% |
| Total equity and liabilities | 10/49 | €771,438 | €546,015 | -€225,423 | -29.2% |
| Equity | 10/15 | €404,787 | €504,359 | +€99,572 | +24.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €401,787 | €501,359 | +€99,572 | +24.8% |
| Distributable reserves | 133 | €401,787 | €501,359 | +€99,572 | +24.8% |
| Amounts payable | 17/49 | €366,651 | €41,655 | -€324,996 | -88.6% |
| Amounts payable after more than one year | 17 | €23,000 | €13,000 | -€10,000 | -43.5% |
| Other amounts payable | 178/9 | €23,000 | €13,000 | -€10,000 | -43.5% |
| Amounts payable within one year | 42/48 | €343,651 | €28,655 | -€314,996 | -91.7% |
| Financial debts | 43 | €225,519 | €0 | -€225,519 | -100% |
| Credit institutions | 430/8 | €519 | €0 | -€519 | -100% |
| Other loans | 439 | €225,000 | €0 | -€225,000 | -100% |
| Trade debts | 44 | €17,295 | €12,682 | -€4,613 | -26.7% |
| Suppliers | 440/4 | €17,295 | €12,682 | -€4,613 | -26.7% |
| Taxes, remuneration and social security | 45 | €37,710 | €15,973 | -€21,737 | -57.6% |
| Taxes | 450/3 | €37,710 | €15,973 | -€21,737 | -57.6% |
| Other amounts payable | 47/48 | €63,127 | €0 | -€63,127 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €199 | -€72 | -26.5% |
| Other operating charges | 640/8 | €844 | €1,232 | +€389 | +46.1% |
| Gross operating margin | 9900 | €108,576 | €135,111 | +€26,536 | +24.4% |
| Operating profit (loss) | 9901 | €107,462 | €133,680 | +€26,219 | +24.4% |
| Financial income | 75/76B | €2,532 | €8,222 | +€5,691 | +225% |
| Recurring financial income | 75 | €2,532 | €8,222 | +€5,691 | +225% |
| Financial charges | 65/66B | €1,514 | €742 | -€772 | -51.0% |
| Recurring financial charges | 65 | €1,514 | €742 | -€772 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €108,479 | €141,161 | +€32,682 | +30.1% |
| Income taxes | 67/77 | €34,736 | €41,588 | +€6,852 | +19.7% |
| Profit (loss) for the period | 9904 | €73,743 | €99,572 | +€25,830 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,743 | €99,572 | +€25,830 | +35.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.