KADENO: 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.
KADENO
Largest movements
- Cash +€130,753
up €130,753 (+136%), from €96,002 to €226,755
mainly Net result for the year (+€122,486) and Other debts (+€71,000)
- Other debts +€71,000
up €71,000 (+507%), from €14,000 to €85,000
- Tax, wage and social debts +€55,120
up €55,120 (+688%), from €8,015 to €63,135
- Profit (loss) carried forward +€22,486
up €22,486 (+25.9%), from €86,788 to €109,274
- Debts after one year -€20,709
down €20,709 (-8.8%), from €234,432 to €213,723
- Turnover +€241,943
new in 2025: €241,943
- Purchases and services +€97,189
new in 2025: €97,189
- Gross operating margin +€60,053
up €60,053 (+49.7%), from €120,918 to €180,971
- Taxes +€15,610
up €15,610 (+71.3%), from €21,905 to €37,515
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 | €368,236 | €497,227 | +€128,991 | +35.0% |
| Fixed assets | 21/28 | €251,209 | €247,484 | -€3,725 | -1.5% |
| Tangible fixed assets | 22/27 | €251,123 | €247,397 | -€3,725 | -1.5% |
| Land and buildings | 22 | €240,831 | €234,164 | -€6,667 | -2.8% |
| Furniture and vehicles | 24 | €7,933 | €11,229 | +€3,295 | +41.5% |
| Other tangible fixed assets | 26 | €2,358 | €2,004 | -€354 | -15.0% |
| Financial fixed assets | 28 | €86 | €86 | = | 0.0% |
| Current assets | 29/58 | €117,027 | €249,744 | +€132,716 | +113% |
| Amounts receivable after more than one year | 29 | €15,300 | €15,300 | = | 0.0% |
| Other amounts receivable | 291 | €15,300 | €15,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,380 | €5,792 | +€2,412 | +71.3% |
| Trade receivables | 40 | €174 | €751 | +€577 | +331% |
| Other amounts receivable | 41 | €3,206 | €5,041 | +€1,835 | +57.2% |
| Cash at bank and in hand | 54/58 | €96,002 | €226,755 | +€130,753 | +136% |
| Deferred charges and accrued income | 490/1 | €2,345 | €1,897 | -€448 | -19.1% |
| Total equity and liabilities | 10/49 | €368,236 | €497,227 | +€128,991 | +35.0% |
| Equity | 10/15 | €89,788 | €112,274 | +€22,486 | +25.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,788 | €109,274 | +€22,486 | +25.9% |
| Amounts payable | 17/49 | €278,448 | €384,953 | +€106,505 | +38.2% |
| Amounts payable after more than one year | 17 | €234,432 | €213,723 | -€20,709 | -8.8% |
| Financial debts | 170/4 | €234,432 | €213,723 | -€20,709 | -8.8% |
| Amounts payable within one year | 42/48 | €44,016 | €171,230 | +€127,214 | +289% |
| Current portion of amounts payable after more than one year | 42 | €19,990 | €20,709 | +€719 | +3.6% |
| Trade debts | 44 | €2,012 | €2,386 | +€375 | +18.6% |
| Suppliers | 440/4 | €2,012 | €2,386 | +€375 | +18.6% |
| Taxes, remuneration and social security | 45 | €8,015 | €63,135 | +€55,120 | +688% |
| Taxes | 450/3 | €8,015 | €63,135 | +€55,120 | +688% |
| Other amounts payable | 47/48 | €14,000 | €85,000 | +€71,000 | +507% |
| Turnover | 70 | - | €241,943 | +€241,943 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €97,189 | +€97,189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,322 | €11,037 | +€715 | +6.9% |
| Other operating charges | 640/8 | €797 | €1,027 | +€230 | +28.8% |
| Gross operating margin | 9900 | €120,918 | €180,971 | +€60,053 | +49.7% |
| Operating profit (loss) | 9901 | €109,799 | €168,907 | +€59,109 | +53.8% |
| Financial income | 75/76B | €402 | €1,241 | +€838 | +208% |
| Recurring financial income | 75 | €402 | €1,241 | +€838 | +208% |
| Financial charges | 65/66B | €11,348 | €10,146 | -€1,202 | -10.6% |
| Recurring financial charges | 65 | €11,348 | €10,146 | -€1,202 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €98,853 | €160,002 | +€61,149 | +61.9% |
| Income taxes | 67/77 | €21,905 | €37,515 | +€15,610 | +71.3% |
| Profit (loss) for the period | 9904 | €76,948 | €122,486 | +€45,539 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,948 | €122,486 | +€45,539 | +59.2% |
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 25 October 2026 via checked.be.