CONAN-GROEP KADEE: 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.
CONAN-GROEP KADEE
Largest movements
- Tangible fixed assets -€3.9m
down €3.9m (-23.9%), from €16.4m to €12.5m
of which Land and buildings: -€3.9m
- Current investments +€2.2m
new in 2025: €2.2m
- Cash +€200,927
up €200,927 (+2,956%), from €6,796 to €207,723
mainly Investment in fixed assets (net) (+€3.4m) and Net result for the year (+€1.8m)
- Debts after one year -€3.2m
down €3.2m (-32.0%), from €9.9m to €6.7m
- Reserves +€1.7m
up €1.7m (+304%), from €561,807 to €2.3m
of which Tax-exempt reserves: +€1.7m
- Provisions +€569,882
up €569,882 (+348%), from €163,974 to €733,856
- Revaluation surpluses -€531,243
down €531,243 (-65.8%), from €807,243 to €276,000
- Gross operating margin +€2.4m
up €2.4m (+233%), from €1.0m to €3.5m
- Depreciation -€145,412
down €145,412 (-20.7%), from €700,830 to €555,418
- Other operating charges -€57,440
down €57,440 (-58.4%), from €98,278 to €40,837
- Financial charges +€37,168
up €37,168 (+8.1%), from €456,757 to €493,925
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 | €16,439,769 | €14,967,383 | -€1.5m | -9.0% |
| Fixed assets | 21/28 | €16,429,919 | €12,505,276 | -€3.9m | -23.9% |
| Tangible fixed assets | 22/27 | €16,429,882 | €12,505,239 | -€3.9m | -23.9% |
| Land and buildings | 22 | €16,416,782 | €12,496,828 | -€3.9m | -23.9% |
| Plant, machinery and equipment | 23 | €400 | €320 | -€80 | -20.0% |
| Furniture and vehicles | 24 | €12,700 | €8,091 | -€4,609 | -36.3% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €9,850 | €2,462,107 | +€2.5m | +24,896% |
| Amounts receivable within one year | 40/41 | €3,054 | €3,384 | +€330 | +10.8% |
| Trade receivables | 40 | €3,054 | €3,384 | +€330 | +10.8% |
| Current investments | 50/53 | - | €2,200,000 | +€2.2m | |
| Cash at bank and in hand | 54/58 | €6,796 | €207,723 | +€200,927 | +2,956% |
| Deferred charges and accrued income | 490/1 | - | €51,000 | +€51,000 | |
| Total equity and liabilities | 10/49 | €16,439,769 | €14,967,383 | -€1.5m | -9.0% |
| Equity | 10/15 | €3,873,854 | €5,172,823 | +€1.3m | +33.5% |
| Contributions | 10/11 | €3,343,682 | €3,343,682 | = | 0.0% |
| Revaluation surpluses | 12 | €807,243 | €276,000 | -€531,243 | -65.8% |
| Reserves | 13 | €561,807 | €2,271,453 | +€1.7m | +304% |
| Non-distributable reserves | 130/1 | €69,883 | €69,883 | = | 0.0% |
| Reserves not available under the articles | 1311 | €69,883 | €69,883 | = | 0.0% |
| Tax-exempt reserves | 132 | €491,923 | €2,201,569 | +€1.7m | +348% |
| Profit (loss) carried forward | 14 | -€838,878 | -€718,312 | +€120,566 | +14.4% |
| Provisions and deferred taxes | 16 | €163,974 | €733,856 | +€569,882 | +348% |
| Deferred taxes | 168 | €163,974 | €733,856 | +€569,882 | +348% |
| Amounts payable | 17/49 | €12,401,941 | €9,060,704 | -€3.3m | -26.9% |
| Amounts payable after more than one year | 17 | €9,920,503 | €6,746,819 | -€3.2m | -32.0% |
| Financial debts | 170/4 | €9,920,503 | €6,746,819 | -€3.2m | -32.0% |
| Amounts payable within one year | 42/48 | €2,475,123 | €2,310,977 | -€164,146 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €489,396 | €330,489 | -€158,907 | -32.5% |
| Financial debts | 43 | €4,550 | - | -€4,550 | |
| Credit institutions | 430/8 | €4,550 | - | -€4,550 | |
| Trade debts | 44 | €2,525 | €4,390 | +€1,865 | +73.8% |
| Suppliers | 440/4 | €2,525 | €4,390 | +€1,865 | +73.8% |
| Taxes, remuneration and social security | 45 | €796 | €801 | +€5 | +0.6% |
| Taxes | 450/3 | €796 | €801 | +€5 | +0.6% |
| Other amounts payable | 47/48 | €1,977,856 | €1,975,297 | -€2,559 | -0.1% |
| Accrued charges and deferred income | 492/3 | €6,314 | €2,907 | -€3,407 | -54.0% |
| Non-recurring operating income | 76A | €239,144 | €2,744,903 | +€2.5m | +1,048% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700,830 | €555,418 | -€145,412 | -20.7% |
| Other operating charges | 640/8 | €98,278 | €40,837 | -€57,440 | -58.4% |
| Gross operating margin | 9900 | €1,047,728 | €3,491,073 | +€2.4m | +233% |
| Operating profit (loss) | 9901 | €248,620 | €2,894,818 | +€2.6m | +1,064% |
| Financial income | 75/76B | €2,565 | €2 | -€2,563 | -99.9% |
| Recurring financial income | 75 | €2,565 | €2 | -€2,563 | -99.9% |
| Financial charges | 65/66B | €456,757 | €493,925 | +€37,168 | +8.1% |
| Recurring financial charges | 65 | €456,757 | €493,925 | +€37,168 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€205,572 | €2,400,895 | +€2.6m | |
| Transfer from deferred taxes | 780 | €440,880 | €21,044 | -€419,835 | -95.2% |
| Transfer to deferred taxes | 680 | €59,786 | €590,926 | +€531,140 | +888% |
| Income taxes | 67/77 | €796 | €801 | +€5 | +0.6% |
| Profit (loss) for the period | 9904 | €174,726 | €1,830,212 | +€1.7m | +947% |
| Transfer from tax-exempt reserves | 789 | €37,454 | €63,133 | +€25,679 | +68.6% |
| Transfer to tax-exempt reserves | 689 | €179,358 | €1,772,779 | +€1.6m | +888% |
| Profit (loss) for the period to be appropriated | 9905 | €32,821 | €120,566 | +€87,745 | +267% |
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 24 October 2026 via checked.be.