KADAHERA: what changed
KADAHERA
Largest movements
- Receivables within one year +€22,027
up €22,027 (+192%), from €11,447 to €33,474
of which Trade receivables: +€22,027
- Tangible fixed assets -€1,182
down €1,182 (-10.7%), from €11,084 to €9,901
of which Furniture and vehicles: -€5,252
- Cash +€780
up €780 (+3.0%), from €26,380 to €27,160
mainly Other debts (+€20,540) and Trade debts (+€9,166)
- Other debts +€20,540
up €20,540 (+38.4%), from €53,454 to €73,993
- Trade debts +€9,166
up €9,166 (+462%), from €1,986 to €11,152
- Tax, wage and social debts -€6,758
down €6,758 (-45.8%), from €14,770 to €8,012
of which Taxes: -€3,526
- Profit (loss) carried forward -€1,563
down €1,563 (-6.5%), from -€24,058 to -€25,622
- Financial charges -€57,738
down €57,738 (-99.5%), from €58,053 to €315
- Gross operating margin -€14,423
down €14,423 (-39.6%), from €36,425 to €22,002
- Staff costs +€6,737
up €6,737 (+70.4%), from €9,567 to €16,304
- Depreciation +€590
up €590 (+11.2%), from €5,252 to €5,842
- Other operating charges +€469
up €469 (+126%), from €371 to €840
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,151 | €70,536 | +€21,384 | +43.5% |
| Fixed assets | 21/28 | €11,084 | €9,901 | -€1,182 | -10.7% |
| Tangible fixed assets | 22/27 | €11,084 | €9,901 | -€1,182 | -10.7% |
| Furniture and vehicles | 24 | €9,242 | €3,989 | -€5,252 | -56.8% |
| Other tangible fixed assets | 26 | - | €5,912 | +€5,912 | |
| Assets under construction and advance payments | 27 | €1,842 | - | -€1,842 | |
| Current assets | 29/58 | €38,068 | €60,634 | +€22,566 | +59.3% |
| Amounts receivable within one year | 40/41 | €11,447 | €33,474 | +€22,027 | +192% |
| Trade receivables | 40 | €11,250 | €33,277 | +€22,027 | +196% |
| Other amounts receivable | 41 | €197 | €197 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,380 | €27,160 | +€780 | +3.0% |
| Deferred charges and accrued income | 490/1 | €241 | - | -€241 | |
| Total equity and liabilities | 10/49 | €49,151 | €70,536 | +€21,384 | +43.5% |
| Equity | 10/15 | -€21,058 | -€22,622 | -€1,563 | -7.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,058 | -€25,622 | -€1,563 | -6.5% |
| Amounts payable | 17/49 | €70,210 | €93,157 | +€22,948 | +32.7% |
| Amounts payable within one year | 42/48 | €70,210 | €93,157 | +€22,948 | +32.7% |
| Trade debts | 44 | €1,986 | €11,152 | +€9,166 | +462% |
| Suppliers | 440/4 | €1,986 | €11,152 | +€9,166 | +462% |
| Taxes, remuneration and social security | 45 | €14,770 | €8,012 | -€6,758 | -45.8% |
| Taxes | 450/3 | €9,305 | €5,779 | -€3,526 | -37.9% |
| Remuneration and social security | 454/9 | €5,465 | €2,233 | -€3,232 | -59.1% |
| Other amounts payable | 47/48 | €53,454 | €73,993 | +€20,540 | +38.4% |
| Remuneration, social security and pensions | 62 | €9,567 | €16,304 | +€6,737 | +70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,252 | €5,842 | +€590 | +11.2% |
| Other operating charges | 640/8 | €371 | €840 | +€469 | +126% |
| Gross operating margin | 9900 | €36,425 | €22,002 | -€14,423 | -39.6% |
| Operating profit (loss) | 9901 | €21,234 | -€984 | -€22,219 | |
| Financial charges | 65/66B | €58,053 | €315 | -€57,738 | -99.5% |
| Recurring financial charges | 65 | €58,053 | €315 | -€57,738 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,818 | -€1,299 | +€35,519 | +96.5% |
| Income taxes | 67/77 | €303 | €264 | -€39 | -12.9% |
| Profit (loss) for the period | 9904 | -€37,122 | -€1,563 | +€35,558 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,122 | -€1,563 | +€35,558 | +95.8% |
Next steps
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.