KADEE: 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.
KADEE
Largest movements
- Cash +€41,543
up €41,543 (+63.4%), from €65,551 to €107,094
mainly Depreciation (+€24,003) and Trade debts (+€10,352)
- Tangible fixed assets -€21,759
down €21,759 (-27.8%), from €78,208 to €56,449
of which Furniture and vehicles: -€12,809
- Receivables within one year -€4,099
down €4,099 (-60.9%), from €6,726 to €2,627
of which Trade receivables: -€2,748
- Trade debts +€10,352
up €10,352 (+25.7%), from €40,348 to €50,700
- Debts after one year -€6,337
down €6,337 (-67.4%), from €9,400 to €3,063
- Reserves +€4,500
up €4,500 (+12.3%), from €36,600 to €41,100
of which Distributable reserves: +€4,500
- Current portion of long-term debt +€3,218
new in 2025: €3,218
- Other debts +€2,823
up €2,823 (+40.7%), from €6,937 to €9,760
- Gross operating margin +€15,727
up €15,727 (+14.3%), from €109,824 to €125,551
- Taxes +€2,435
up €2,435 (+768.2%), from €317 to €2,752
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 | €163,114 | €179,832 | +€16,718 | +10.2% |
| Fixed assets | 21/28 | €86,863 | €65,104 | -€21,759 | -25.0% |
| Tangible fixed assets | 22/27 | €78,208 | €56,449 | -€21,759 | -27.8% |
| Plant, machinery and equipment | 23 | €5,028 | €1,118 | -€3,910 | -77.8% |
| Furniture and vehicles | 24 | €58,065 | €45,256 | -€12,809 | -22.1% |
| Other tangible fixed assets | 26 | €15,115 | €10,075 | -€5,040 | -33.3% |
| Financial fixed assets | 28 | €8,655 | €8,655 | = | 0.0% |
| Current assets | 29/58 | €76,251 | €114,728 | +€38,477 | +50.5% |
| Amounts receivable within one year | 40/41 | €6,726 | €2,627 | -€4,099 | -60.9% |
| Trade receivables | 40 | €5,375 | €2,627 | -€2,748 | -51.1% |
| Other amounts receivable | 41 | €1,351 | - | -€1,351 | |
| Cash at bank and in hand | 54/58 | €65,551 | €107,094 | +€41,543 | +63.4% |
| Deferred charges and accrued income | 490/1 | €3,974 | €5,007 | +€1,033 | +26.0% |
| Total equity and liabilities | 10/49 | €163,114 | €179,832 | +€16,718 | +10.2% |
| Equity | 10/15 | €85,623 | €90,197 | +€4,574 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,600 | €41,100 | +€4,500 | +12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,740 | €39,240 | +€4,500 | +13.0% |
| Profit (loss) carried forward | 14 | €30,423 | €30,497 | +€74 | +0.2% |
| Amounts payable | 17/49 | €77,491 | €89,635 | +€12,144 | +15.7% |
| Amounts payable after more than one year | 17 | €9,400 | €3,063 | -€6,337 | -67.4% |
| Financial debts | 170/4 | €9,400 | €3,063 | -€6,337 | -67.4% |
| Amounts payable within one year | 42/48 | €68,091 | €86,572 | +€18,481 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,218 | +€3,218 | |
| Trade debts | 44 | €40,348 | €50,700 | +€10,352 | +25.7% |
| Suppliers | 440/4 | €40,348 | €50,700 | +€10,352 | +25.7% |
| Taxes, remuneration and social security | 45 | €20,806 | €22,895 | +€2,089 | +10.0% |
| Taxes | 450/3 | €4,499 | €9,555 | +€5,056 | +112.4% |
| Remuneration and social security | 454/9 | €16,307 | €13,340 | -€2,967 | -18.2% |
| Other amounts payable | 47/48 | €6,937 | €9,760 | +€2,823 | +40.7% |
| Remuneration, social security and pensions | 62 | €90,788 | €91,687 | +€899 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,074 | €24,003 | -€71 | -0.3% |
| Other operating charges | 640/8 | €2,226 | €1,195 | -€1,031 | -46.3% |
| Non-recurring operating charges | 66A | - | €1,480 | +€1,480 | |
| Gross operating margin | 9900 | €109,824 | €125,551 | +€15,727 | +14.3% |
| Operating profit (loss) | 9901 | -€7,264 | €7,186 | +€14,450 | |
| Financial income | 75/76B | €87 | €278 | +€191 | +219.6% |
| Recurring financial income | 75 | €87 | €278 | +€191 | +219.6% |
| Financial charges | 65/66B | €675 | €138 | -€537 | -79.6% |
| Recurring financial charges | 65 | €675 | €138 | -€537 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,852 | €7,326 | +€15,178 | |
| Income taxes | 67/77 | €317 | €2,752 | +€2,435 | +768.2% |
| Profit (loss) for the period | 9904 | -€8,169 | €4,574 | +€12,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,169 | €4,574 | +€12,743 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.