CZ CADO: what changed
What changed
CZ CADO
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
-€123,294
2024 · -€163,711+€40,416
Equity
€590,315
2024 · €713,610-€123,294
Cash
€138,522
2024 · €410,094-€271,572
Balance sheet total
€2.6m
2024 · €2.8m-€126,347
Largest movements
Assets
- Cash -€271,572
down €271,572 (-66.2%), from €410,094 to €138,522
mainly Receivables within one year (-€153,547) and Net result for the year (-€123,294)
- Receivables within one year +€153,547
up €153,547 (+53.7%), from €285,761 to €439,309
of which Trade receivables: +€177,684
- Stocks and contracts +€44,169
up €44,169 (+9.0%), from €491,591 to €535,760
- Intangible fixed assets -€36,819
down €36,819 (-13.0%), from €283,905 to €247,086
Equity and liabilities
- Profit (loss) carried forward -€123,294
down €123,294 (-48.7%), from €253,184 to €129,890
- Trade debts +€51,559
up €51,559 (+15.4%), from €335,833 to €387,392
- Other debts -€44,784
down €44,784 (-6.5%), from €689,829 to €645,045
Income statement
- Gross operating margin +€101,088
up €101,088 (+32.7%), from €309,250 to €410,338
- Other operating charges +€61,444
up €61,444 (+613%), from €10,023 to €71,467
- Write-downs -€58,132
down €58,132, from €5,704 to -€52,428
- Depreciation +€26,192
up €26,192 (+28.9%), from €90,739 to €116,931
- Financial charges +€20,912
up €20,912 (+55.4%), from €37,736 to €58,648
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€163,711
Gross operating margin
+€101,088
Staff costs
-€17,447
Depreciation
-€26,192
Write-downs
+€58,132
Other operating charges
-€61,444
Financial income
+€7,017
Financial charges
-€20,912
Taxes
+€174
Result 2025
-€123,294
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€201,404
Investment
-€63,953
Financing
-€6,215
Cash 2024
€410,094
From operations (derived)
-€201,404
Net result for the year
-€123,294
Depreciation
+€116,931
Stocks and contracts
-€44,169
Receivables within one year
-€153,547
Deferred charges and accrued income
-€488
Trade debts
+€51,559
Tax, wage and social debts
-€3,613
Other debts
-€44,784
Investment (derived)
-€63,953
Investment in fixed assets (net)
-€63,953
Financing
-€6,215
Debts after one year
-€17,663
Current portion of long-term debt
+€11,448
Cash 2025
€138,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,768,730 | €2,642,383 | -€126,347 | -4.6% |
| Fixed assets | 21/28 | €1,579,349 | €1,526,371 | -€52,978 | -3.4% |
| Intangible fixed assets | 21 | €283,905 | €247,086 | -€36,819 | -13.0% |
| Tangible fixed assets | 22/27 | €1,280,294 | €1,266,534 | -€13,759 | -1.1% |
| Land and buildings | 22 | €1,139,235 | €1,114,617 | -€24,619 | -2.2% |
| Plant, machinery and equipment | 23 | €65,902 | €54,931 | -€10,971 | -16.6% |
| Furniture and vehicles | 24 | €49,890 | €20,006 | -€29,884 | -59.9% |
| Leasing and similar rights | 25 | - | €57,146 | +€57,146 | |
| Other tangible fixed assets | 26 | €25,266 | €19,834 | -€5,432 | -21.5% |
| Financial fixed assets | 28 | €15,150 | €12,750 | -€2,400 | -15.8% |
| Current assets | 29/58 | €1,189,381 | €1,116,013 | -€73,369 | -6.2% |
| Stocks and contracts in progress | 3 | €491,591 | €535,760 | +€44,169 | +9.0% |
| Stocks | 30/36 | €491,591 | €535,760 | +€44,169 | +9.0% |
| Amounts receivable within one year | 40/41 | €285,761 | €439,309 | +€153,547 | +53.7% |
| Trade receivables | 40 | €206,772 | €384,457 | +€177,684 | +85.9% |
| Other amounts receivable | 41 | €78,989 | €54,852 | -€24,137 | -30.6% |
| Cash at bank and in hand | 54/58 | €410,094 | €138,522 | -€271,572 | -66.2% |
| Deferred charges and accrued income | 490/1 | €1,935 | €2,422 | +€488 | +25.2% |
| Total equity and liabilities | 10/49 | €2,768,730 | €2,642,383 | -€126,347 | -4.6% |
| Equity | 10/15 | €713,610 | €590,315 | -€123,294 | -17.3% |
| Contributions | 10/11 | €258,724 | €258,724 | = | 0.0% |
| Reserves | 13 | €201,702 | €201,702 | = | 0.0% |
| Distributable reserves | 133 | €201,702 | €201,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,184 | €129,890 | -€123,294 | -48.7% |
| Amounts payable | 17/49 | €2,055,120 | €2,052,068 | -€3,053 | -0.1% |
| Amounts payable after more than one year | 17 | €893,616 | €875,953 | -€17,663 | -2.0% |
| Financial debts | 170/4 | €893,616 | €875,953 | -€17,663 | -2.0% |
| Amounts payable within one year | 42/48 | €1,161,505 | €1,176,115 | +€14,610 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €66,564 | €78,012 | +€11,448 | +17.2% |
| Trade debts | 44 | €335,833 | €387,392 | +€51,559 | +15.4% |
| Suppliers | 440/4 | €335,833 | €387,392 | +€51,559 | +15.4% |
| Taxes, remuneration and social security | 45 | €69,278 | €65,666 | -€3,613 | -5.2% |
| Taxes | 450/3 | €21,053 | €20,282 | -€771 | -3.7% |
| Remuneration and social security | 454/9 | €48,226 | €45,384 | -€2,842 | -5.9% |
| Other amounts payable | 47/48 | €689,829 | €645,045 | -€44,784 | -6.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €329,786 | €347,232 | +€17,447 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,739 | €116,931 | +€26,192 | +28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,704 | -€52,428 | -€58,132 | |
| Other operating charges | 640/8 | €10,023 | €71,467 | +€61,444 | +613% |
| Gross operating margin | 9900 | €309,250 | €410,338 | +€101,088 | +32.7% |
| Operating profit (loss) | 9901 | -€127,001 | -€72,864 | +€54,137 | +42.6% |
| Financial income | 75/76B | €1,591 | €8,608 | +€7,017 | +441% |
| Recurring financial income | 75 | €1,591 | €8,608 | +€7,017 | +441% |
| Financial charges | 65/66B | €37,736 | €58,648 | +€20,912 | +55.4% |
| Recurring financial charges | 65 | €37,736 | €58,648 | +€20,912 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | -€163,147 | -€122,904 | +€40,243 | +24.7% |
| Income taxes | 67/77 | €564 | €390 | -€174 | -30.8% |
| Profit (loss) for the period | 9904 | -€163,711 | -€123,294 | +€40,416 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€163,711 | -€123,294 | +€40,416 | +24.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.