KADAM ENGINEERING: 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.
KADAM ENGINEERING
Largest movements
- Cash -€28,270
down €28,270 (-20.4%), from €138,468 to €110,198
mainly Receivables within one year (-€25,143) and Net result for the year (-€8,221)
- Receivables within one year +€25,143
up €25,143 (+190.1%), from €13,227 to €38,370
of which Other amounts receivable: +€37,632
- Tangible fixed assets -€5,789
down €5,789 (-46.6%), from €12,419 to €6,630
- Profit (loss) carried forward -€8,221
new in 2025: -€8,221
- Other debts -€8,211
no longer reported in 2025 (was €8,211)
- Reserves +€7,465
up €7,465 (+5.6%), from €133,787 to €141,252
- Gross operating margin -€19,658
down €19,658, from €18,642 to -€1,015
- Taxes -€4,001
down €4,001 (-92.2%), from €4,340 to €339
- Depreciation +€1,066
up €1,066 (+22.6%), from €4,723 to €5,789
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 | €164,114 | €155,198 | -€8,916 | -5.4% |
| Fixed assets | 21/28 | €12,419 | €6,630 | -€5,789 | -46.6% |
| Tangible fixed assets | 22/27 | €12,419 | €6,630 | -€5,789 | -46.6% |
| Furniture and vehicles | 24 | €12,419 | €6,630 | -€5,789 | -46.6% |
| Current assets | 29/58 | €151,695 | €148,568 | -€3,127 | -2.1% |
| Amounts receivable within one year | 40/41 | €13,227 | €38,370 | +€25,143 | +190.1% |
| Trade receivables | 40 | €12,489 | - | -€12,489 | |
| Other amounts receivable | 41 | €738 | €38,370 | +€37,632 | +5099.9% |
| Cash at bank and in hand | 54/58 | €138,468 | €110,198 | -€28,270 | -20.4% |
| Total equity and liabilities | 10/49 | €164,114 | €155,198 | -€8,916 | -5.4% |
| Equity | 10/15 | €152,387 | €151,631 | -€756 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,787 | €141,252 | +€7,465 | +5.6% |
| Distributable reserves | 133 | €133,787 | €141,252 | +€7,465 | +5.6% |
| Profit (loss) carried forward | 14 | - | -€8,221 | -€8,221 | |
| Amounts payable | 17/49 | €11,727 | €3,567 | -€8,160 | -69.6% |
| Amounts payable within one year | 42/48 | €11,727 | €3,567 | -€8,160 | -69.6% |
| Trade debts | 44 | €204 | €141 | -€64 | -31.2% |
| Suppliers | 440/4 | €204 | €141 | -€64 | -31.2% |
| Taxes, remuneration and social security | 45 | €3,311 | €3,426 | +€115 | +3.5% |
| Taxes | 450/3 | €3,311 | €3,426 | +€115 | +3.5% |
| Other amounts payable | 47/48 | €8,211 | - | -€8,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,723 | €5,789 | +€1,066 | +22.6% |
| Other operating charges | 640/8 | €962 | €928 | -€34 | -3.5% |
| Gross operating margin | 9900 | €18,642 | -€1,015 | -€19,658 | |
| Operating profit (loss) | 9901 | €12,957 | -€7,733 | -€20,690 | |
| Financial income | 75/76B | €22 | €110 | +€88 | +391.7% |
| Recurring financial income | 75 | €22 | €110 | +€88 | +391.7% |
| Financial charges | 65/66B | €428 | €259 | -€169 | -39.5% |
| Recurring financial charges | 65 | €428 | €259 | -€169 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €12,552 | -€7,882 | -€20,434 | |
| Income taxes | 67/77 | €4,340 | €339 | -€4,001 | -92.2% |
| Profit (loss) for the period | 9904 | €8,211 | -€8,221 | -€16,432 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,211 | -€8,221 | -€16,432 |
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 7 October 2026 via checked.be.