KADER EN LICHT: what changed
KADER EN LICHT
Largest movements
- Cash +€140,535
up €140,535 (+105%), from €133,602 to €274,137
mainly Other debts (+€146,408) and Net result for the year (+€128,337)
- Receivables within one year +€64,481
up €64,481 (+292%), from €22,118 to €86,599
of which Trade receivables: +€64,429
- Tangible fixed assets -€60,006
down €60,006 (-27.4%), from €218,645 to €158,639
of which Plant, machinery and equipment: -€37,094
- Current investments +€13,133
up €13,133 (+3.3%), from €400,097 to €413,230
- Other debts +€146,408
up €146,408 (+260%), from €56,302 to €202,710
- Tax, wage and social debts +€11,691
up €11,691 (+198%), from €5,895 to €17,586
of which Taxes: +€10,564
- Turnover +€138,093
up €138,093 (+55.5%), from €248,879 to €386,972
- Gross operating margin +€124,275
up €124,275 (+84.7%), from €146,780 to €271,055
- Taxes +€31,702
up €31,702 (+177%), from €17,888 to €49,590
- Purchases and services +€13,818
up €13,818 (+13.5%), from €102,099 to €115,917
- Depreciation +€9,747
up €9,747 (+15.7%), from €62,188 to €71,935
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €777,660 | €937,116 | +€159,456 | +20.5% |
| Fixed assets | 21/28 | €218,925 | €158,919 | -€60,006 | -27.4% |
| Tangible fixed assets | 22/27 | €218,645 | €158,639 | -€60,006 | -27.4% |
| Land and buildings | 22 | €17,072 | €12,658 | -€4,414 | -25.9% |
| Plant, machinery and equipment | 23 | €143,891 | €106,797 | -€37,094 | -25.8% |
| Furniture and vehicles | 24 | €57,682 | €39,184 | -€18,498 | -32.1% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €558,735 | €778,197 | +€219,462 | +39.3% |
| Amounts receivable within one year | 40/41 | €22,118 | €86,599 | +€64,481 | +292% |
| Trade receivables | 40 | €2,696 | €67,125 | +€64,429 | +2,390% |
| Other amounts receivable | 41 | €19,422 | €19,474 | +€52 | +0.3% |
| Current investments | 50/53 | €400,097 | €413,230 | +€13,133 | +3.3% |
| Cash at bank and in hand | 54/58 | €133,602 | €274,137 | +€140,535 | +105% |
| Deferred charges and accrued income | 490/1 | €2,918 | €4,231 | +€1,313 | +45.0% |
| Total equity and liabilities | 10/49 | €777,660 | €937,116 | +€159,456 | +20.5% |
| Equity | 10/15 | €709,650 | €712,154 | +€2,504 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €691,050 | €693,554 | +€2,504 | +0.4% |
| Non-distributable reserves | 130/1 | €338,000 | €313,000 | -€25,000 | -7.4% |
| Other | 1319 | €338,000 | €313,000 | -€25,000 | -7.4% |
| Tax-exempt reserves | 132 | €35,655 | €35,655 | = | 0.0% |
| Distributable reserves | 133 | €317,395 | €344,899 | +€27,504 | +8.7% |
| Amounts payable | 17/49 | €68,010 | €224,962 | +€156,952 | +231% |
| Amounts payable within one year | 42/48 | €68,010 | €224,962 | +€156,952 | +231% |
| Trade debts | 44 | €5,813 | €4,666 | -€1,147 | -19.7% |
| Suppliers | 440/4 | €5,813 | €4,666 | -€1,147 | -19.7% |
| Taxes, remuneration and social security | 45 | €5,895 | €17,586 | +€11,691 | +198% |
| Taxes | 450/3 | €4,713 | €15,277 | +€10,564 | +224% |
| Remuneration and social security | 454/9 | €1,182 | €2,309 | +€1,127 | +95.3% |
| Other amounts payable | 47/48 | €56,302 | €202,710 | +€146,408 | +260% |
| Turnover | 70 | €248,879 | €386,972 | +€138,093 | +55.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €102,099 | €115,917 | +€13,818 | +13.5% |
| Remuneration, social security and pensions | 62 | €9,490 | €17,906 | +€8,416 | +88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,188 | €71,935 | +€9,747 | +15.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €460 | +€460 | |
| Other operating charges | 640/8 | €455 | - | -€455 | |
| Gross operating margin | 9900 | €146,780 | €271,055 | +€124,275 | +84.7% |
| Operating profit (loss) | 9901 | €74,647 | €180,754 | +€106,107 | +142% |
| Financial income | 75/76B | €666 | €2,058 | +€1,392 | +209% |
| Recurring financial income | 75 | €666 | €2,058 | +€1,392 | +209% |
| Financial charges | 65/66B | €3,733 | €4,885 | +€1,152 | +30.9% |
| Recurring financial charges | 65 | €3,733 | €4,885 | +€1,152 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €71,580 | €177,927 | +€106,347 | +149% |
| Income taxes | 67/77 | €17,888 | €49,590 | +€31,702 | +177% |
| Profit (loss) for the period | 9904 | €53,692 | €128,337 | +€74,645 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €53,692 | €128,337 | +€74,645 | +139% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.