KADENTIS: 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.
KADENTIS
Largest movements
- Receivables within one year -€94,165
down €94,165 (-53.1%), from €177,302 to €83,137
of which Trade receivables: -€66,255
- Cash +€67,492
up €67,492 (+338%), from €19,952 to €87,444
mainly Debts after one year (+€277,359) and Receivables within one year (+€94,165)
- Current investments +€48,000
up €48,000 (+30.0%), from €160,039 to €208,039
- Tangible fixed assets -€24,716
down €24,716 (-6.1%), from €402,536 to €377,820
of which Land and buildings: -€13,129
- Trade debts -€378,903
down €378,903 (-99.9%), from €379,170 to €268
- Debts after one year +€277,359
new in 2025: €277,359
- Reserves +€83,406
up €83,406 (+22.6%), from €369,286 to €452,693
of which Distributable reserves: +€83,406
- Current portion of long-term debt +€11,488
new in 2025: €11,488
- Gross operating margin +€75,852
up €75,852 (+91.1%), from €83,226 to €159,078
- Other operating charges -€41,667
down €41,667 (-96.0%), from €43,398 to €1,731
- Taxes +€28,418
up €28,418 (+302%), from €9,405 to €37,822
- Depreciation +€20,056
up €20,056 (+170%), from €11,814 to €31,870
- Financial charges +€9,255
up €9,255 (+3,203%), from €289 to €9,544
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 | €760,856 | €756,860 | -€3,996 | -0.5% |
| Fixed assets | 21/28 | €402,536 | €377,820 | -€24,716 | -6.1% |
| Tangible fixed assets | 22/27 | €402,536 | €377,820 | -€24,716 | -6.1% |
| Land and buildings | 22 | €343,582 | €330,453 | -€13,129 | -3.8% |
| Furniture and vehicles | 24 | €58,953 | €47,366 | -€11,587 | -19.7% |
| Current assets | 29/58 | €358,321 | €379,041 | +€20,720 | +5.8% |
| Amounts receivable within one year | 40/41 | €177,302 | €83,137 | -€94,165 | -53.1% |
| Trade receivables | 40 | €85,288 | €19,033 | -€66,255 | -77.7% |
| Other amounts receivable | 41 | €92,014 | €64,105 | -€27,909 | -30.3% |
| Current investments | 50/53 | €160,039 | €208,039 | +€48,000 | +30.0% |
| Cash at bank and in hand | 54/58 | €19,952 | €87,444 | +€67,492 | +338% |
| Deferred charges and accrued income | 490/1 | €1,027 | €420 | -€607 | -59.1% |
| Total equity and liabilities | 10/49 | €760,856 | €756,860 | -€3,996 | -0.5% |
| Equity | 10/15 | €381,686 | €465,093 | +€83,406 | +21.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €369,286 | €452,693 | +€83,406 | +22.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €367,426 | €450,833 | +€83,406 | +22.7% |
| Amounts payable | 17/49 | €379,170 | €291,767 | -€87,403 | -23.1% |
| Amounts payable after more than one year | 17 | - | €277,359 | +€277,359 | |
| Financial debts | 170/4 | - | €277,359 | +€277,359 | |
| Amounts payable within one year | 42/48 | €379,170 | €14,408 | -€364,762 | -96.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,488 | +€11,488 | |
| Trade debts | 44 | €379,170 | €268 | -€378,903 | -99.9% |
| Suppliers | 440/4 | €379,170 | €268 | -€378,903 | -99.9% |
| Taxes, remuneration and social security | 45 | €0 | €2,652 | +€2,652 | |
| Taxes | 450/3 | €0 | €2,652 | +€2,652 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,814 | €31,870 | +€20,056 | +170% |
| Other operating charges | 640/8 | €43,398 | €1,731 | -€41,667 | -96.0% |
| Gross operating margin | 9900 | €83,226 | €159,078 | +€75,852 | +91.1% |
| Operating profit (loss) | 9901 | €28,013 | €125,477 | +€97,463 | +348% |
| Financial income | 75/76B | €2,495 | €5,296 | +€2,800 | +112% |
| Recurring financial income | 75 | €2,495 | €5,296 | +€2,800 | +112% |
| Financial charges | 65/66B | €289 | €9,544 | +€9,255 | +3,203% |
| Recurring financial charges | 65 | €289 | €9,544 | +€9,255 | +3,203% |
| Profit (loss) for the period before taxes | 9903 | €30,220 | €121,229 | +€91,009 | +301% |
| Income taxes | 67/77 | €9,405 | €37,822 | +€28,418 | +302% |
| Profit (loss) for the period | 9904 | €20,815 | €83,406 | +€62,591 | +301% |
| Profit (loss) for the period to be appropriated | 9905 | €20,815 | €83,406 | +€62,591 | +301% |
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 16 October 2026 via checked.be.