FB CADRO: 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.
FB CADRO
Largest movements
- Receivables within one year +€24,853
up €24,853 (+149.6%), from €16,614 to €41,467
of which Trade receivables: +€24,686
- Cash +€10,663
up €10,663 (+516.1%), from €2,066 to €12,729
mainly Trade debts (+€27,925) and Net result for the year (+€27,514)
- Tangible fixed assets -€8,596
down €8,596 (-4.3%), from €200,017 to €191,421
of which Land and buildings: -€7,400
- Other debts -€28,349
down €28,349 (-61.5%), from €46,114 to €17,766
- Trade debts +€27,925
up €27,925 (+418.8%), from €6,667 to €34,592
- Profit (loss) carried forward +€27,514
up €27,514, from -€3,778 to €23,736
- Debts after one year -€11,711
down €11,711 (-7.1%), from €164,185 to €152,474
- Accrued charges and deferred income +€8,757
new in 2025: €8,757
- Gross operating margin +€29,443
up €29,443 (+89.7%), from €32,838 to €62,281
- Taxes +€7,687
up €7,687 (+1097.5%), from €700 to €8,387
- Staff costs -€2,858
down €2,858 (-84.5%), from €3,384 to €526
- Financial charges -€740
down €740 (-5.8%), from €12,797 to €12,058
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 | €258,929 | €289,031 | +€30,102 | +11.6% |
| Fixed assets | 21/28 | €205,845 | €199,745 | -€6,100 | -3.0% |
| Intangible fixed assets | 21 | €5,828 | €8,324 | +€2,496 | +42.8% |
| Tangible fixed assets | 22/27 | €200,017 | €191,421 | -€8,596 | -4.3% |
| Land and buildings | 22 | €198,472 | €191,072 | -€7,400 | -3.7% |
| Plant, machinery and equipment | 23 | €549 | €349 | -€200 | -36.4% |
| Furniture and vehicles | 24 | €996 | - | -€996 | |
| Current assets | 29/58 | €53,084 | €89,286 | +€36,201 | +68.2% |
| Stocks and contracts in progress | 3 | €32,787 | €32,787 | = | 0.0% |
| Stocks | 30/36 | €32,787 | €32,787 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,614 | €41,467 | +€24,853 | +149.6% |
| Trade receivables | 40 | €9,719 | €34,405 | +€24,686 | +254.0% |
| Other amounts receivable | 41 | €6,895 | €7,062 | +€167 | +2.4% |
| Cash at bank and in hand | 54/58 | €2,066 | €12,729 | +€10,663 | +516.1% |
| Deferred charges and accrued income | 490/1 | €1,617 | €2,302 | +€685 | +42.3% |
| Total equity and liabilities | 10/49 | €258,929 | €289,031 | +€30,102 | +11.6% |
| Equity | 10/15 | €21,222 | €48,736 | +€27,514 | +129.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,778 | €23,736 | +€27,514 | |
| Amounts payable | 17/49 | €237,708 | €240,295 | +€2,588 | +1.1% |
| Amounts payable after more than one year | 17 | €164,185 | €152,474 | -€11,711 | -7.1% |
| Financial debts | 170/4 | €164,185 | €152,474 | -€11,711 | -7.1% |
| Amounts payable within one year | 42/48 | €73,523 | €79,064 | +€5,542 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €16,680 | €21,363 | +€4,683 | +28.1% |
| Trade debts | 44 | €6,667 | €34,592 | +€27,925 | +418.8% |
| Suppliers | 440/4 | €6,667 | €34,592 | +€27,925 | +418.8% |
| Taxes, remuneration and social security | 45 | €4,061 | €5,343 | +€1,282 | +31.6% |
| Taxes | 450/3 | €4,061 | €5,343 | +€1,282 | +31.6% |
| Other amounts payable | 47/48 | €46,114 | €17,766 | -€28,349 | -61.5% |
| Accrued charges and deferred income | 492/3 | - | €8,757 | +€8,757 | |
| Remuneration, social security and pensions | 62 | €3,384 | €526 | -€2,858 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,855 | €10,434 | +€578 | +5.9% |
| Other operating charges | 640/8 | €3,214 | €3,398 | +€185 | +5.7% |
| Gross operating margin | 9900 | €32,838 | €62,281 | +€29,443 | +89.7% |
| Operating profit (loss) | 9901 | €16,385 | €47,923 | +€31,538 | +192.5% |
| Financial income | 75/76B | €24 | €36 | +€12 | +51.3% |
| Recurring financial income | 75 | €24 | €36 | +€12 | +51.3% |
| Financial charges | 65/66B | €12,797 | €12,058 | -€740 | -5.8% |
| Recurring financial charges | 65 | €12,797 | €12,058 | -€740 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €3,611 | €35,901 | +€32,290 | +894.2% |
| Income taxes | 67/77 | €700 | €8,387 | +€7,687 | +1097.5% |
| Profit (loss) for the period | 9904 | €2,911 | €27,514 | +€24,603 | +845.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,911 | €27,514 | +€24,603 | +845.3% |
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 11 October 2026 via checked.be.