KADACO: what changed
Two fiscal 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.
KADACO
Largest movements
- Tangible fixed assets +€8,411
up €8,411 (+412.7%), from €2,038 to €10,449
of which Furniture and vehicles: +€8,878
- Intangible fixed assets +€1,995
up €1,995 (+7.5%), from €26,667 to €28,661
- Cash -€1,415
down €1,415 (-4.5%), from €31,286 to €29,870
mainly Investment in fixed assets (net) (-€24,000) and Other debts (-€11,601)
- Receivables within one year -€1,251
down €1,251 (-46.0%), from €2,721 to €1,470
- Tax, wage and social debts +€19,791
up €19,791 (+148.2%), from €13,355 to €33,147
of which Remuneration and social security: +€15,000
- Other debts -€11,601
down €11,601 (-25.7%), from €45,083 to €33,482
- Trade debts -€7,614
down €7,614 (-78.0%), from €9,756 to €2,142
- Profit (loss) carried forward +€7,162
up €7,162 (+1954.3%), from €366 to €7,529
- Gross operating margin +€11,469
up €11,469 (+52.7%), from €21,762 to €33,232
- Financial charges +€5,728
up €5,728 (+3991.9%), from €144 to €5,872
- Other operating charges +€2,528
up €2,528 (+187.2%), from €1,351 to €3,879
- Taxes +€2,303
up €2,303 (+547.5%), from €421 to €2,724
- Depreciation +€672
up €672 (+5.2%), from €12,923 to €13,594
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 | €70,561 | €78,300 | +€7,740 | +11.0% |
| Fixed assets | 21/28 | €34,305 | €44,710 | +€10,406 | +30.3% |
| Intangible fixed assets | 21 | €26,667 | €28,661 | +€1,995 | +7.5% |
| Tangible fixed assets | 22/27 | €2,038 | €10,449 | +€8,411 | +412.7% |
| Plant, machinery and equipment | 23 | €670 | €203 | -€467 | -69.6% |
| Furniture and vehicles | 24 | €1,368 | €10,246 | +€8,878 | +649.0% |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €36,256 | €33,590 | -€2,666 | -7.4% |
| Stocks and contracts in progress | 3 | €2,250 | €2,250 | = | 0.0% |
| Stocks | 30/36 | €2,250 | €2,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,721 | €1,470 | -€1,251 | -46.0% |
| Trade receivables | 40 | €2,721 | €1,470 | -€1,251 | -46.0% |
| Cash at bank and in hand | 54/58 | €31,286 | €29,870 | -€1,415 | -4.5% |
| Total equity and liabilities | 10/49 | €70,561 | €78,300 | +€7,740 | +11.0% |
| Equity | 10/15 | €2,366 | €9,529 | +€7,162 | +302.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €366 | €7,529 | +€7,162 | +1954.3% |
| Amounts payable | 17/49 | €68,194 | €68,771 | +€577 | +0.8% |
| Amounts payable within one year | 42/48 | €68,194 | €68,771 | +€577 | +0.8% |
| Trade debts | 44 | €9,756 | €2,142 | -€7,614 | -78.0% |
| Suppliers | 440/4 | €9,756 | €2,142 | -€7,614 | -78.0% |
| Taxes, remuneration and social security | 45 | €13,355 | €33,147 | +€19,791 | +148.2% |
| Taxes | 450/3 | €8,355 | €13,147 | +€4,791 | +57.3% |
| Remuneration and social security | 454/9 | €5,000 | €20,000 | +€15,000 | +300.0% |
| Other amounts payable | 47/48 | €45,083 | €33,482 | -€11,601 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,923 | €13,594 | +€672 | +5.2% |
| Other operating charges | 640/8 | €1,351 | €3,879 | +€2,528 | +187.2% |
| Gross operating margin | 9900 | €21,762 | €33,232 | +€11,469 | +52.7% |
| Operating profit (loss) | 9901 | €7,489 | €15,758 | +€8,269 | +110.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €144 | €5,872 | +€5,728 | +3991.9% |
| Recurring financial charges | 65 | €144 | €5,872 | +€5,728 | +3991.9% |
| Profit (loss) for the period before taxes | 9903 | €7,345 | €9,886 | +€2,541 | +34.6% |
| Income taxes | 67/77 | €421 | €2,724 | +€2,303 | +547.5% |
| Profit (loss) for the period | 9904 | €6,925 | €7,162 | +€238 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,925 | €7,162 | +€238 | +3.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.