KADEE Management: 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 Management
Largest movements
- Receivables within one year +€348,251
up €348,251 (+384%), from €90,750 to €439,001
of which Other amounts receivable: +€214,363
- Cash +€88,950
up €88,950 (+51.9%), from €171,301 to €260,251
mainly Net result for the year (+€297,566) and Tax, wage and social debts (+€142,757)
- Reserves +€297,566
up €297,566 (+156%), from €190,747 to €488,313
- Tax, wage and social debts +€142,757
up €142,757 (+221%), from €64,628 to €207,385
- Gross operating margin +€211,401
up €211,401 (+111%), from €190,655 to €402,056
- Taxes +€66,906
up €66,906 (+157%), from €42,593 to €109,499
- Financial income +€5,835
new in 2025: €5,835
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 | €262,051 | €699,494 | +€437,443 | +167% |
| Current assets | 29/58 | €262,051 | €699,494 | +€437,443 | +167% |
| Amounts receivable within one year | 40/41 | €90,750 | €439,001 | +€348,251 | +384% |
| Trade receivables | 40 | €90,750 | €224,639 | +€133,889 | +148% |
| Other amounts receivable | 41 | - | €214,363 | +€214,363 | |
| Cash at bank and in hand | 54/58 | €171,301 | €260,251 | +€88,950 | +51.9% |
| Deferred charges and accrued income | 490/1 | - | €242 | +€242 | |
| Total equity and liabilities | 10/49 | €262,051 | €699,494 | +€437,443 | +167% |
| Equity | 10/15 | €191,247 | €488,813 | +€297,566 | +156% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €190,747 | €488,313 | +€297,566 | +156% |
| Distributable reserves | 133 | €190,747 | €488,313 | +€297,566 | +156% |
| Amounts payable | 17/49 | €70,804 | €210,681 | +€139,877 | +198% |
| Amounts payable within one year | 42/48 | €70,804 | €210,681 | +€139,877 | +198% |
| Trade debts | 44 | €33 | €2,548 | +€2,515 | +7,557% |
| Suppliers | 440/4 | €33 | €2,548 | +€2,515 | +7,557% |
| Taxes, remuneration and social security | 45 | €64,628 | €207,385 | +€142,757 | +221% |
| Taxes | 450/3 | €64,628 | €207,385 | +€142,757 | +221% |
| Other amounts payable | 47/48 | €6,142 | €747 | -€5,395 | -87.8% |
| Other operating charges | 640/8 | €62 | €462 | +€400 | +645% |
| Gross operating margin | 9900 | €190,655 | €402,056 | +€211,401 | +111% |
| Operating profit (loss) | 9901 | €190,593 | €401,595 | +€211,001 | +111% |
| Financial income | 75/76B | - | €5,835 | +€5,835 | |
| Recurring financial income | 75 | - | €5,835 | +€5,835 | |
| Financial charges | 65/66B | €223 | €365 | +€143 | +64.1% |
| Recurring financial charges | 65 | €223 | €365 | +€143 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €190,371 | €407,064 | +€216,694 | +114% |
| Income taxes | 67/77 | €42,593 | €109,499 | +€66,906 | +157% |
| Profit (loss) for the period | 9904 | €147,778 | €297,566 | +€149,788 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €147,778 | €297,566 | +€149,788 | +101% |
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 17 October 2026 via checked.be.