KADAM MANAGEMENT: what changed
KADAM MANAGEMENT
Largest movements
- Receivables within one year -€1,799
down €1,799 (-89.9%), from €2,001 to €201
of which Trade receivables: -€1,953
- Deferred charges and accrued income -€96
down €96 (-85.0%), from €113 to €17
- Cash -€25
down €25 (-80.6%), from €31 to €6
mainly Net result for the year (-€7,854) and Tax, wage and social debts (-€3,106)
- Other debts +€9,360
new in 2025: €9,360
- Profit (loss) carried forward -€7,854
down €7,854 (-224%), from -€3,500 to -€11,354
- Tax, wage and social debts -€3,106
no longer reported in 2025 (was €3,106)
of which Remuneration and social security: -€2,300
- Trade debts -€320
down €320 (-59.5%), from €538 to €218
- Gross operating margin -€3,142
down €3,142 (-95.8%), from -€3,280 to -€6,421
- Write-downs +€1,324
new in 2025: €1,324
- Other operating charges -€85
down €85 (-56.4%), from €150 to €65
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 | €2,144 | €224 | -€1,920 | -89.5% |
| Current assets | 29/58 | €2,144 | €224 | -€1,920 | -89.5% |
| Amounts receivable within one year | 40/41 | €2,001 | €201 | -€1,799 | -89.9% |
| Trade receivables | 40 | €2,000 | €47 | -€1,953 | -97.7% |
| Other amounts receivable | 41 | €1 | €155 | +€154 | +20,800% |
| Cash at bank and in hand | 54/58 | €31 | €6 | -€25 | -80.6% |
| Deferred charges and accrued income | 490/1 | €113 | €17 | -€96 | -85.0% |
| Total equity and liabilities | 10/49 | €2,144 | €224 | -€1,920 | -89.5% |
| Equity | 10/15 | -€1,500 | -€9,354 | -€7,854 | -524% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,500 | -€11,354 | -€7,854 | -224% |
| Amounts payable | 17/49 | €3,644 | €9,578 | +€5,934 | +163% |
| Amounts payable within one year | 42/48 | €3,644 | €9,578 | +€5,934 | +163% |
| Trade debts | 44 | €538 | €218 | -€320 | -59.5% |
| Suppliers | 440/4 | €538 | €218 | -€320 | -59.5% |
| Taxes, remuneration and social security | 45 | €3,106 | - | -€3,106 | |
| Taxes | 450/3 | €806 | - | -€806 | |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | - | €9,360 | +€9,360 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,324 | +€1,324 | |
| Other operating charges | 640/8 | €150 | €65 | -€85 | -56.4% |
| Gross operating margin | 9900 | -€3,280 | -€6,421 | -€3,142 | -95.8% |
| Operating profit (loss) | 9901 | -€3,430 | -€7,811 | -€4,381 | -128% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €70 | €43 | -€27 | -39.0% |
| Recurring financial charges | 65 | €70 | €43 | -€27 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,500 | -€7,854 | -€4,354 | -124% |
| Profit (loss) for the period | 9904 | -€3,500 | -€7,854 | -€4,354 | -124% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,500 | -€7,854 | -€4,354 | -124% |
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 2 November 2026 via checked.be.