KADEJEE: 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.
KADEJEE
Largest movements
- Cash +€25,154
up €25,154 (+84.8%), from €29,677 to €54,830
mainly Net result for the year (+€22,369) and Depreciation (+€7,439)
- Tangible fixed assets -€10,858
down €10,858 (-26.5%), from €40,916 to €30,058
of which Furniture and vehicles: -€9,212
- Receivables within one year +€4,645
up €4,645 (+31.8%), from €14,622 to €19,268
of which Trade receivables: +€3,158
- Reserves +€22,369
up €22,369 (+89.3%), from €25,038 to €47,407
of which Distributable reserves: +€22,369
- Other debts -€4,197
down €4,197 (-16.3%), from €25,783 to €21,586
- Tax, wage and social debts +€1,101
up €1,101 (+21.0%), from €5,238 to €6,339
- Gross operating margin +€16,751
up €16,751 (+84.0%), from €19,944 to €36,694
- Depreciation -€11,351
down €11,351 (-60.4%), from €18,791 to €7,439
- Taxes +€9,269
up €9,269, from -€2,930 to €6,339
- Financial charges -€2,704
down €2,704 (-96.3%), from €2,807 to €103
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 | €85,215 | €104,156 | +€18,940 | +22.2% |
| Fixed assets | 21/28 | €40,916 | €30,058 | -€10,858 | -26.5% |
| Tangible fixed assets | 22/27 | €40,916 | €30,058 | -€10,858 | -26.5% |
| Land and buildings | 22 | €6,427 | €4,780 | -€1,646 | -25.6% |
| Furniture and vehicles | 24 | €34,490 | €25,277 | -€9,212 | -26.7% |
| Current assets | 29/58 | €44,299 | €74,098 | +€29,799 | +67.3% |
| Amounts receivable within one year | 40/41 | €14,622 | €19,268 | +€4,645 | +31.8% |
| Trade receivables | 40 | €9,680 | €12,838 | +€3,158 | +32.6% |
| Other amounts receivable | 41 | €4,942 | €6,429 | +€1,487 | +30.1% |
| Cash at bank and in hand | 54/58 | €29,677 | €54,830 | +€25,154 | +84.8% |
| Total equity and liabilities | 10/49 | €85,215 | €104,156 | +€18,940 | +22.2% |
| Equity | 10/15 | €43,638 | €66,007 | +€22,369 | +51.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €25,038 | €47,407 | +€22,369 | +89.3% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Legal reserve | 130 | €1,500 | - | -€1,500 | |
| Reserves not available under the articles | 1311 | - | €1,500 | +€1,500 | |
| Distributable reserves | 133 | €23,538 | €45,907 | +€22,369 | +95.0% |
| Amounts payable | 17/49 | €41,578 | €38,149 | -€3,429 | -8.2% |
| Amounts payable within one year | 42/48 | €31,353 | €27,924 | -€3,429 | -10.9% |
| Trade debts | 44 | €333 | - | -€333 | |
| Suppliers | 440/4 | €333 | - | -€333 | |
| Taxes, remuneration and social security | 45 | €5,238 | €6,339 | +€1,101 | +21.0% |
| Taxes | 450/3 | €5,238 | €6,339 | +€1,101 | +21.0% |
| Other amounts payable | 47/48 | €25,783 | €21,586 | -€4,197 | -16.3% |
| Accrued charges and deferred income | 492/3 | €10,224 | €10,224 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,581 | +€1,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,791 | €7,439 | -€11,351 | -60.4% |
| Other operating charges | 640/8 | €327 | €466 | +€139 | +42.6% |
| Gross operating margin | 9900 | €19,944 | €36,694 | +€16,751 | +84.0% |
| Operating profit (loss) | 9901 | €826 | €28,790 | +€27,963 | +3384.8% |
| Financial income | 75/76B | €67 | €21 | -€45 | -67.9% |
| Recurring financial income | 75 | €67 | €21 | -€45 | -67.9% |
| Financial charges | 65/66B | €2,807 | €103 | -€2,704 | -96.3% |
| Recurring financial charges | 65 | €2,807 | €103 | -€2,704 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,914 | €28,708 | +€30,622 | |
| Income taxes | 67/77 | -€2,930 | €6,339 | +€9,269 | |
| Profit (loss) for the period | 9904 | €1,017 | €22,369 | +€21,353 | +2099.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,017 | €22,369 | +€21,353 | +2099.9% |
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 12 October 2026 via checked.be.