Kaderke.be: 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.
Kaderke.be
Largest movements
- Tangible fixed assets -€42,805
down €42,805 (-5.9%), from €730,607 to €687,801
of which Furniture and vehicles: -€23,523
- Cash +€33,106
up €33,106 (+90.1%), from €36,726 to €69,832
mainly Depreciation (+€72,012) and Net result for the year (+€64,732)
- Receivables within one year -€14,406
down €14,406 (-49.8%), from €28,935 to €14,530
- Reserves +€54,732
up €54,732 (+22.0%), from €248,232 to €302,964
of which Distributable reserves: +€54,732
- Short-term financial debts -€42,155
down €42,155 (-90.2%), from €46,740 to €4,585
- Debts after one year -€25,720
down €25,720 (-6.3%), from €405,993 to €380,273
- Current portion of long-term debt -€14,018
down €14,018 (-25.7%), from €54,609 to €40,590
- Gross operating margin +€58,492
up €58,492 (+33.9%), from €172,361 to €230,853
- Depreciation +€12,989
up €12,989 (+22.0%), from €59,023 to €72,012
- Staff costs +€9,166
up €9,166 (+19.1%), from €48,023 to €57,190
- Taxes +€8,983
up €8,983 (+62.6%), from €14,356 to €23,339
- Financial charges -€4,052
down €4,052 (-28.4%), from €14,255 to €10,203
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 | €834,415 | €801,710 | -€32,705 | -3.9% |
| Fixed assets | 21/28 | €736,259 | €690,601 | -€45,657 | -6.2% |
| Intangible fixed assets | 21 | €2,852 | - | -€2,852 | |
| Tangible fixed assets | 22/27 | €730,607 | €687,801 | -€42,805 | -5.9% |
| Land and buildings | 22 | €683,334 | €669,941 | -€13,393 | -2.0% |
| Plant, machinery and equipment | 23 | €16,976 | €11,087 | -€5,889 | -34.7% |
| Furniture and vehicles | 24 | €30,297 | €6,773 | -€23,523 | -77.6% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €98,156 | €111,109 | +€12,952 | +13.2% |
| Stocks and contracts in progress | 3 | €28,411 | €20,681 | -€7,730 | -27.2% |
| Stocks | 30/36 | €28,411 | €20,681 | -€7,730 | -27.2% |
| Amounts receivable within one year | 40/41 | €28,935 | €14,530 | -€14,406 | -49.8% |
| Trade receivables | 40 | €28,935 | €14,530 | -€14,406 | -49.8% |
| Cash at bank and in hand | 54/58 | €36,726 | €69,832 | +€33,106 | +90.1% |
| Deferred charges and accrued income | 490/1 | €4,084 | €6,067 | +€1,983 | +48.5% |
| Total equity and liabilities | 10/49 | €834,415 | €801,710 | -€32,705 | -3.9% |
| Equity | 10/15 | €254,432 | €309,164 | +€54,732 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €248,232 | €302,964 | +€54,732 | +22.0% |
| Tax-exempt reserves | 132 | €7,150 | €7,150 | = | 0.0% |
| Distributable reserves | 133 | €241,082 | €295,814 | +€54,732 | +22.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €579,983 | €492,546 | -€87,437 | -15.1% |
| Amounts payable after more than one year | 17 | €405,993 | €380,273 | -€25,720 | -6.3% |
| Financial debts | 170/4 | €405,993 | €380,273 | -€25,720 | -6.3% |
| Amounts payable within one year | 42/48 | €172,185 | €112,273 | -€59,911 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €54,609 | €40,590 | -€14,018 | -25.7% |
| Financial debts | 43 | €46,740 | €4,585 | -€42,155 | -90.2% |
| Credit institutions | 430/8 | €46,740 | €4,585 | -€42,155 | -90.2% |
| Trade debts | 44 | €13,532 | €7,490 | -€6,041 | -44.6% |
| Suppliers | 440/4 | €13,532 | €7,490 | -€6,041 | -44.6% |
| Taxes, remuneration and social security | 45 | €13,920 | €22,206 | +€8,286 | +59.5% |
| Taxes | 450/3 | €13,920 | €17,926 | +€4,007 | +28.8% |
| Remuneration and social security | 454/9 | - | €4,279 | +€4,279 | |
| Other amounts payable | 47/48 | €43,385 | €37,402 | -€5,983 | -13.8% |
| Accrued charges and deferred income | 492/3 | €1,806 | €0 | -€1,806 | -100% |
| Remuneration, social security and pensions | 62 | €48,023 | €57,190 | +€9,166 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,023 | €72,012 | +€12,989 | +22.0% |
| Other operating charges | 640/8 | €1,473 | €4,408 | +€2,935 | +199% |
| Gross operating margin | 9900 | €172,361 | €230,853 | +€58,492 | +33.9% |
| Operating profit (loss) | 9901 | €63,842 | €97,244 | +€33,402 | +52.3% |
| Financial income | 75/76B | €1,279 | €1,031 | -€248 | -19.4% |
| Recurring financial income | 75 | €1,279 | €1,031 | -€248 | -19.4% |
| Financial charges | 65/66B | €14,255 | €10,203 | -€4,052 | -28.4% |
| Recurring financial charges | 65 | €14,255 | €10,203 | -€4,052 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €50,866 | €88,071 | +€37,206 | +73.1% |
| Income taxes | 67/77 | €14,356 | €23,339 | +€8,983 | +62.6% |
| Profit (loss) for the period | 9904 | €36,510 | €64,732 | +€28,222 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,510 | €64,732 | +€28,222 | +77.3% |
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.