KADEEM: 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.
KADEEM
Largest movements
- Receivables within one year +€40,140
up €40,140 (+20.7%), from €193,776 to €233,917
of which Trade receivables: +€40,591
- Tangible fixed assets -€2,928
down €2,928 (-55.4%), from €5,289 to €2,361
of which Plant, machinery and equipment: -€2,694
- Profit (loss) carried forward -€63,133
down €63,133 (-677.9%), from -€9,313 to -€72,446
- Advances received +€44,468
new in 2024: €44,468
- Other debts +€38,664
up €38,664 (+37.0%), from €104,427 to €143,091
- Trade debts +€21,650
up €21,650 (+264.2%), from €8,195 to €29,846
- Gross operating margin -€81,322
down €81,322, from €34,497 to -€46,825
- Financial charges +€1,872
up €1,872 (+237.6%), from €788 to €2,660
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,836 | €238,163 | +€38,328 | +19.2% |
| Fixed assets | 21/28 | €5,289 | €2,361 | -€2,928 | -55.4% |
| Tangible fixed assets | 22/27 | €5,289 | €2,361 | -€2,928 | -55.4% |
| Plant, machinery and equipment | 23 | €4,840 | €2,146 | -€2,694 | -55.7% |
| Furniture and vehicles | 24 | €449 | €215 | -€234 | -52.1% |
| Current assets | 29/58 | €194,547 | €235,802 | +€41,256 | +21.2% |
| Amounts receivable within one year | 40/41 | €193,776 | €233,917 | +€40,140 | +20.7% |
| Trade receivables | 40 | €147,681 | €188,272 | +€40,591 | +27.5% |
| Other amounts receivable | 41 | €46,095 | €45,645 | -€450 | -1.0% |
| Cash at bank and in hand | 54/58 | €15 | €1,137 | +€1,122 | +7684.9% |
| Deferred charges and accrued income | 490/1 | €756 | €749 | -€7 | -0.9% |
| Total equity and liabilities | 10/49 | €199,836 | €238,163 | +€38,328 | +19.2% |
| Equity | 10/15 | €47,847 | -€15,286 | -€63,133 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,760 | €44,760 | = | 0.0% |
| Distributable reserves | 133 | €44,760 | €44,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,313 | -€72,446 | -€63,133 | -677.9% |
| Amounts payable | 17/49 | €151,988 | €253,449 | +€101,461 | +66.8% |
| Amounts payable within one year | 42/48 | €151,988 | €253,449 | +€101,461 | +66.8% |
| Current portion of amounts payable after more than one year | 42 | €15,567 | €15,562 | -€5 | 0.0% |
| Financial debts | 43 | €1,685 | - | -€1,685 | |
| Credit institutions | 430/8 | €1,685 | - | -€1,685 | |
| Trade debts | 44 | €8,195 | €29,846 | +€21,650 | +264.2% |
| Suppliers | 440/4 | €8,195 | €29,846 | +€21,650 | +264.2% |
| Advances received on contracts in progress | 46 | - | €44,468 | +€44,468 | |
| Taxes, remuneration and social security | 45 | €22,114 | €20,483 | -€1,631 | -7.4% |
| Taxes | 450/3 | €10,864 | €11,483 | +€619 | +5.7% |
| Remuneration and social security | 454/9 | €11,250 | €9,000 | -€2,250 | -20.0% |
| Other amounts payable | 47/48 | €104,427 | €143,091 | +€38,664 | +37.0% |
| Non-recurring operating income | 76A | - | €42,290 | +€42,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €2,928 | = | 0.0% |
| Other operating charges | 640/8 | €893 | €1,305 | +€412 | +46.1% |
| Non-recurring operating charges | 66A | - | €9,131 | +€9,131 | |
| Gross operating margin | 9900 | €34,497 | -€46,825 | -€81,322 | |
| Operating profit (loss) | 9901 | €30,676 | -€60,189 | -€90,865 | |
| Financial charges | 65/66B | €788 | €2,660 | +€1,872 | +237.6% |
| Recurring financial charges | 65 | €788 | €2,660 | +€1,872 | +237.6% |
| Profit (loss) for the period before taxes | 9903 | €29,888 | -€62,848 | -€92,737 | |
| Income taxes | 67/77 | €224 | €285 | +€60 | +27.0% |
| Profit (loss) for the period | 9904 | €29,664 | -€63,133 | -€92,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,664 | -€63,133 | -€92,797 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.