Kadams: 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.
Kadams
Largest movements
- Cash +€38,594
up €38,594 (+106%), from €36,536 to €75,131
mainly Net result for the year (+€39,821) and Depreciation (+€3,837)
- Receivables within one year +€3,999
up €3,999 (+64.8%), from €6,168 to €10,167
- Tangible fixed assets -€3,837
down €3,837 (-49.8%), from €7,710 to €3,873
- Reserves +€68,706
new in 2025: €68,706
- Profit (loss) carried forward -€28,885
no longer reported in 2025 (was €28,885)
- Trade debts -€3,162
down €3,162 (-40.5%), from €7,813 to €4,651
- Tax, wage and social debts +€1,532
up €1,532 (+13.6%), from €11,280 to €12,812
- Gross operating margin +€12,758
up €12,758 (+29.7%), from €42,891 to €55,649
- Taxes +€2,654
up €2,654 (+30.7%), from €8,657 to €11,311
- Other operating charges -€692
down €692 (-52.3%), from €1,323 to €631
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.
Derived cash bridge
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 | €50,979 | €89,170 | +€38,191 | +74.9% |
| Fixed assets | 21/28 | €7,710 | €3,873 | -€3,837 | -49.8% |
| Tangible fixed assets | 22/27 | €7,710 | €3,873 | -€3,837 | -49.8% |
| Plant, machinery and equipment | 23 | €7,710 | €3,873 | -€3,837 | -49.8% |
| Current assets | 29/58 | €43,269 | €85,297 | +€42,028 | +97.1% |
| Amounts receivable within one year | 40/41 | €6,168 | €10,167 | +€3,999 | +64.8% |
| Other amounts receivable | 41 | €6,168 | €10,167 | +€3,999 | +64.8% |
| Cash at bank and in hand | 54/58 | €36,536 | €75,131 | +€38,594 | +106% |
| Deferred charges and accrued income | 490/1 | €565 | - | -€565 | |
| Total equity and liabilities | 10/49 | €50,979 | €89,170 | +€38,191 | +74.9% |
| Equity | 10/15 | €31,885 | €71,706 | +€39,821 | +125% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €68,706 | +€68,706 | |
| Distributable reserves | 133 | - | €68,706 | +€68,706 | |
| Profit (loss) carried forward | 14 | €28,885 | - | -€28,885 | |
| Amounts payable | 17/49 | €19,093 | €17,464 | -€1,630 | -8.5% |
| Amounts payable within one year | 42/48 | €19,093 | €17,464 | -€1,630 | -8.5% |
| Trade debts | 44 | €7,813 | €4,651 | -€3,162 | -40.5% |
| Suppliers | 440/4 | €7,813 | €4,651 | -€3,162 | -40.5% |
| Taxes, remuneration and social security | 45 | €11,280 | €12,812 | +€1,532 | +13.6% |
| Taxes | 450/3 | €11,280 | €12,812 | +€1,532 | +13.6% |
| Non-recurring operating income | 76A | €6,226 | - | -€6,226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,802 | €3,837 | +€36 | +0.9% |
| Other operating charges | 640/8 | €1,323 | €631 | -€692 | -52.3% |
| Gross operating margin | 9900 | €42,891 | €55,649 | +€12,758 | +29.7% |
| Operating profit (loss) | 9901 | €37,766 | €51,181 | +€13,415 | +35.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -71.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -71.7% |
| Financial charges | 65/66B | €225 | €50 | -€175 | -77.9% |
| Recurring financial charges | 65 | €225 | €50 | -€175 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €37,542 | €51,131 | +€13,589 | +36.2% |
| Income taxes | 67/77 | €8,657 | €11,311 | +€2,654 | +30.7% |
| Profit (loss) for the period | 9904 | €28,885 | €39,821 | +€10,935 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,885 | €39,821 | +€10,935 | +37.9% |
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 15 October 2026 via checked.be.