KADelek: 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.
KADelek
Largest movements
- Cash +€17,621
up €17,621 (+95.0%), from €18,549 to €36,170
mainly Net result for the year (+€13,518) and Depreciation (+€6,497)
- Tangible fixed assets -€6,497
down €6,497 (-36.9%), from €17,630 to €11,133
- Receivables within one year +€2,359
up €2,359 (+23.1%), from €10,201 to €12,560
of which Trade receivables: +€2,732
- Reserves +€13,518
up €13,518 (+52.7%), from €25,644 to €39,162
- Trade debts -€2,653
down €2,653 (-19.7%), from €13,454 to €10,802
- Tax, wage and social debts +€2,469
up €2,469 (+140%), from €1,759 to €4,228
- Gross operating margin +€12,327
up €12,327 (+92.2%), from €13,376 to €25,703
- Taxes +€2,469
up €2,469 (+140%), from €1,759 to €4,228
- Depreciation +€1,156
up €1,156 (+21.6%), from €5,341 to €6,497
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 | €46,380 | €59,863 | +€13,484 | +29.1% |
| Fixed assets | 21/28 | €17,630 | €11,133 | -€6,497 | -36.9% |
| Tangible fixed assets | 22/27 | €17,630 | €11,133 | -€6,497 | -36.9% |
| Furniture and vehicles | 24 | €17,630 | €11,133 | -€6,497 | -36.9% |
| Current assets | 29/58 | €28,750 | €48,730 | +€19,980 | +69.5% |
| Amounts receivable within one year | 40/41 | €10,201 | €12,560 | +€2,359 | +23.1% |
| Trade receivables | 40 | €9,243 | €11,975 | +€2,732 | +29.6% |
| Other amounts receivable | 41 | €958 | €585 | -€373 | -38.9% |
| Cash at bank and in hand | 54/58 | €18,549 | €36,170 | +€17,621 | +95.0% |
| Total equity and liabilities | 10/49 | €46,380 | €59,863 | +€13,484 | +29.1% |
| Equity | 10/15 | €28,144 | €41,662 | +€13,518 | +48.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,644 | €39,162 | +€13,518 | +52.7% |
| Distributable reserves | 133 | €25,644 | €39,162 | +€13,518 | +52.7% |
| Amounts payable | 17/49 | €18,236 | €18,202 | -€34 | -0.2% |
| Amounts payable within one year | 42/48 | €18,236 | €18,202 | -€34 | -0.2% |
| Trade debts | 44 | €13,454 | €10,802 | -€2,653 | -19.7% |
| Suppliers | 440/4 | €13,454 | €10,802 | -€2,653 | -19.7% |
| Taxes, remuneration and social security | 45 | €1,759 | €4,228 | +€2,469 | +140% |
| Taxes | 450/3 | €1,759 | €4,228 | +€2,469 | +140% |
| Other amounts payable | 47/48 | €3,023 | €3,172 | +€149 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,341 | €6,497 | +€1,156 | +21.6% |
| Other operating charges | 640/8 | €1,071 | €1,271 | +€200 | +18.7% |
| Gross operating margin | 9900 | €13,376 | €25,703 | +€12,327 | +92.2% |
| Operating profit (loss) | 9901 | €6,964 | €17,935 | +€10,971 | +158% |
| Financial income | 75/76B | €49 | €18 | -€31 | -63.3% |
| Recurring financial income | 75 | €49 | €18 | -€31 | -63.3% |
| Financial charges | 65/66B | €129 | €207 | +€77 | +59.8% |
| Recurring financial charges | 65 | €129 | €207 | +€77 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €6,884 | €17,746 | +€10,862 | +158% |
| Income taxes | 67/77 | €1,759 | €4,228 | +€2,469 | +140% |
| Profit (loss) for the period | 9904 | €5,125 | €13,518 | +€8,393 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €5,125 | €13,518 | +€8,393 | +164% |
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 13 October 2026 via checked.be.