KADEKO: 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.
KADEKO
Largest movements
- Cash +€24,518
up €24,518 (+20.1%), from €122,087 to €146,605
mainly Net result for the year (+€89,814) and Other debts (+€31,480)
- Other debts +€31,480
up €31,480 (+45.6%), from €69,000 to €100,480
- Trade debts -€10,144
down €10,144 (-66.8%), from €15,178 to €5,034
- Gross operating margin +€26,421
up €26,421 (+29.9%), from €88,510 to €114,931
- Taxes +€7,384
up €7,384 (+36.9%), from €19,988 to €27,372
- Financial income +€2,164
up €2,164 (+74.7%), from €2,898 to €5,061
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 | €235,603 | €257,063 | +€21,460 | +9.1% |
| Fixed assets | 21/28 | €6,469 | €4,711 | -€1,758 | -27.2% |
| Tangible fixed assets | 22/27 | €6,469 | €4,711 | -€1,758 | -27.2% |
| Plant, machinery and equipment | 23 | €3,195 | €2,533 | -€662 | -20.7% |
| Furniture and vehicles | 24 | €3,275 | €2,178 | -€1,096 | -33.5% |
| Current assets | 29/58 | €229,133 | €252,352 | +€23,219 | +10.1% |
| Amounts receivable within one year | 40/41 | €37,922 | €37,612 | -€310 | -0.8% |
| Trade receivables | 40 | €15,000 | €31,077 | +€16,077 | +107.2% |
| Other amounts receivable | 41 | €22,922 | €6,535 | -€16,387 | -71.5% |
| Current investments | 50/53 | €65,000 | €65,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,087 | €146,605 | +€24,518 | +20.1% |
| Deferred charges and accrued income | 490/1 | €4,125 | €3,135 | -€990 | -24.0% |
| Total equity and liabilities | 10/49 | €235,603 | €257,063 | +€21,460 | +9.1% |
| Equity | 10/15 | €151,425 | €151,239 | -€186 | -0.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €148,682 | €148,682 | = | 0.0% |
| Distributable reserves | 133 | €148,682 | €148,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243 | €57 | -€186 | -76.5% |
| Amounts payable | 17/49 | €84,178 | €105,824 | +€21,647 | +25.7% |
| Amounts payable within one year | 42/48 | €84,178 | €105,514 | +€21,336 | +25.3% |
| Trade debts | 44 | €15,178 | €5,034 | -€10,144 | -66.8% |
| Suppliers | 440/4 | €15,178 | €5,034 | -€10,144 | -66.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €69,000 | €100,480 | +€31,480 | +45.6% |
| Accrued charges and deferred income | 492/3 | - | €311 | +€311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,829 | €1,758 | -€70 | -3.8% |
| Other operating charges | 640/8 | €364 | €648 | +€284 | +78.1% |
| Gross operating margin | 9900 | €88,510 | €114,931 | +€26,421 | +29.9% |
| Operating profit (loss) | 9901 | €86,317 | €112,524 | +€26,207 | +30.4% |
| Financial income | 75/76B | €2,898 | €5,061 | +€2,164 | +74.7% |
| Recurring financial income | 75 | €2,898 | €5,061 | +€2,164 | +74.7% |
| Financial charges | 65/66B | €317 | €400 | +€83 | +26.2% |
| Recurring financial charges | 65 | €317 | €400 | +€83 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €88,898 | €117,186 | +€28,288 | +31.8% |
| Income taxes | 67/77 | €19,988 | €27,372 | +€7,384 | +36.9% |
| Profit (loss) for the period | 9904 | €68,909 | €89,814 | +€20,904 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,909 | €89,814 | +€20,904 | +30.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.