KADEES: 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.
KADEES
Largest movements
- Receivables within one year -€6,597
down €6,597 (-68.0%), from €9,695 to €3,098
of which Other amounts receivable: -€8,780
- Stocks and contracts +€4,414
up €4,414 (+18.9%), from €23,302 to €27,716
- Tangible fixed assets +€1,546
up €1,546 (+4.6%), from €33,456 to €35,002
of which Plant, machinery and equipment: +€3,925
- Tax, wage and social debts +€29,237
up €29,237 (+314.9%), from €9,285 to €38,522
of which Remuneration and social security: +€27,689
- Profit (loss) carried forward -€27,238
down €27,238 (-47.6%), from -€57,163 to -€84,401
- Trade debts +€14,053
up €14,053 (+48.3%), from €29,095 to €43,149
- Other debts -€12,500
down €12,500 (-27.7%), from €45,100 to €32,600
- Debts after one year -€4,871
down €4,871 (-28.3%), from €17,225 to €12,354
- Gross operating margin +€14,441
up €14,441, from -€6,564 to €7,878
- Financial income -€1,984
down €1,984 (-28.5%), from €6,967 to €4,983
of which Financial income: -€1,880
- Staff costs +€1,891
up €1,891 (+6.4%), from €29,716 to €31,607
- Depreciation +€1,253
up €1,253 (+30.9%), from €4,060 to €5,313
- Other operating charges -€1,078
down €1,078 (-60.0%), from €1,797 to €719
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 | €67,963 | €67,111 | -€852 | -1.3% |
| Fixed assets | 21/28 | €33,935 | €35,481 | +€1,546 | +4.6% |
| Tangible fixed assets | 22/27 | €33,456 | €35,002 | +€1,546 | +4.6% |
| Land and buildings | 22 | €11,649 | €10,287 | -€1,362 | -11.7% |
| Plant, machinery and equipment | 23 | €10,702 | €14,627 | +€3,925 | +36.7% |
| Furniture and vehicles | 24 | €11,105 | €10,088 | -€1,017 | -9.2% |
| Financial fixed assets | 28 | €479 | €478 | -€1 | -0.1% |
| Current assets | 29/58 | €34,028 | €31,630 | -€2,398 | -7.0% |
| Stocks and contracts in progress | 3 | €23,302 | €27,716 | +€4,414 | +18.9% |
| Contracts in progress | 37 | €23,302 | €27,716 | +€4,414 | +18.9% |
| Amounts receivable within one year | 40/41 | €9,695 | €3,098 | -€6,597 | -68.0% |
| Trade receivables | 40 | - | €2,183 | +€2,183 | |
| Other amounts receivable | 41 | €9,695 | €915 | -€8,780 | -90.6% |
| Cash at bank and in hand | 54/58 | €178 | €7 | -€171 | -96.1% |
| Deferred charges and accrued income | 490/1 | €853 | €809 | -€44 | -5.1% |
| Total equity and liabilities | 10/49 | €67,963 | €67,111 | -€852 | -1.3% |
| Equity | 10/15 | -€37,163 | -€64,401 | -€27,238 | -73.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,163 | -€84,401 | -€27,238 | -47.6% |
| Amounts payable | 17/49 | €105,126 | €131,512 | +€26,386 | +25.1% |
| Amounts payable after more than one year | 17 | €17,225 | €12,354 | -€4,871 | -28.3% |
| Financial debts | 170/4 | €17,225 | €12,354 | -€4,871 | -28.3% |
| Amounts payable within one year | 42/48 | €87,901 | €119,158 | +€31,257 | +35.6% |
| Financial debts | 43 | €4,421 | €4,888 | +€467 | +10.6% |
| Credit institutions | 430/8 | €4,421 | €4,888 | +€467 | +10.6% |
| Trade debts | 44 | €29,095 | €43,149 | +€14,053 | +48.3% |
| Suppliers | 440/4 | €29,095 | €43,149 | +€14,053 | +48.3% |
| Taxes, remuneration and social security | 45 | €9,285 | €38,522 | +€29,237 | +314.9% |
| Taxes | 450/3 | €1,265 | €2,813 | +€1,548 | +122.4% |
| Remuneration and social security | 454/9 | €8,020 | €35,709 | +€27,689 | +345.2% |
| Other amounts payable | 47/48 | €45,100 | €32,600 | -€12,500 | -27.7% |
| Remuneration, social security and pensions | 62 | €29,716 | €31,607 | +€1,891 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,060 | €5,313 | +€1,253 | +30.9% |
| Other operating charges | 640/8 | €1,797 | €719 | -€1,078 | -60.0% |
| Gross operating margin | 9900 | -€6,564 | €7,878 | +€14,441 | |
| Operating profit (loss) | 9901 | -€42,136 | -€29,762 | +€12,375 | +29.4% |
| Financial income | 75/76B | €6,967 | €4,983 | -€1,984 | -28.5% |
| Recurring financial income | 75 | €6,863 | €4,983 | -€1,880 | -27.4% |
| Non-recurring financial income | 76B | €104 | - | -€104 | |
| Financial charges | 65/66B | €1,350 | €1,916 | +€565 | +41.8% |
| Recurring financial charges | 65 | €1,350 | €1,916 | +€565 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,520 | -€26,695 | +€9,826 | +26.9% |
| Income taxes | 67/77 | €340 | €543 | +€203 | +59.6% |
| Profit (loss) for the period | 9904 | -€36,860 | -€27,238 | +€9,623 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,860 | -€27,238 | +€9,623 | +26.1% |
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 3 October 2026 via checked.be.