KADEXIS: what changed
Two fiscal 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.
KADEXIS
Largest movements
- Receivables within one year +€10,771
new in 2026: €10,771
- Cash +€5,827
up €5,827 (+21.8%), from €26,685 to €32,512
mainly Net result for the year (+€15,144) and Tax, wage and social debts (+€2,708)
- Tangible fixed assets -€1,036
down €1,036 (-28.0%), from €3,702 to €2,666
of which Plant, machinery and equipment: -€616
- Reserves +€14,311
up €14,311 (+108.4%), from €13,202 to €27,514
- Tax, wage and social debts +€2,708
up €2,708 (+20.2%), from €13,390 to €16,098
- Other debts -€1,665
down €1,665 (-74.1%), from €2,248 to €583
- Taxes +€2,013
up €2,013 (+46.0%), from €4,379 to €6,392
- Other operating charges -€1,144
down €1,144 (-86.2%), from €1,327 to €183
- Gross operating margin +€1,055
up €1,055 (+4.5%), from €23,684 to €24,739
- Financial charges -€1,014
down €1,014 (-30.9%), from €3,277 to €2,263
of which Non-recurring financial charges: -€1,319
- Depreciation +€397
up €397 (+62.0%), from €640 to €1,036
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,462 | €47,041 | +€15,579 | +49.5% |
| Fixed assets | 21/28 | €3,702 | €2,666 | -€1,036 | -28.0% |
| Tangible fixed assets | 22/27 | €3,702 | €2,666 | -€1,036 | -28.0% |
| Plant, machinery and equipment | 23 | €2,641 | €2,025 | -€616 | -23.3% |
| Furniture and vehicles | 24 | €1,061 | €641 | -€420 | -39.6% |
| Current assets | 29/58 | €27,760 | €44,375 | +€16,615 | +59.9% |
| Amounts receivable within one year | 40/41 | - | €10,771 | +€10,771 | |
| Other amounts receivable | 41 | - | €10,771 | +€10,771 | |
| Cash at bank and in hand | 54/58 | €26,685 | €32,512 | +€5,827 | +21.8% |
| Deferred charges and accrued income | 490/1 | €1,075 | €1,093 | +€18 | +1.7% |
| Total equity and liabilities | 10/49 | €31,462 | €47,041 | +€15,579 | +49.5% |
| Equity | 10/15 | €14,202 | €28,514 | +€14,311 | +100.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €13,202 | €27,514 | +€14,311 | +108.4% |
| Distributable reserves | 133 | €13,202 | €27,514 | +€14,311 | +108.4% |
| Amounts payable | 17/49 | €17,259 | €18,527 | +€1,268 | +7.3% |
| Amounts payable within one year | 42/48 | €17,259 | €18,527 | +€1,268 | +7.3% |
| Trade debts | 44 | €1,621 | €1,846 | +€225 | +13.9% |
| Suppliers | 440/4 | €1,621 | €1,846 | +€225 | +13.9% |
| Taxes, remuneration and social security | 45 | €13,390 | €16,098 | +€2,708 | +20.2% |
| Taxes | 450/3 | €13,390 | €16,098 | +€2,708 | +20.2% |
| Other amounts payable | 47/48 | €2,248 | €583 | -€1,665 | -74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €1,036 | +€397 | +62.0% |
| Other operating charges | 640/8 | €1,327 | €183 | -€1,144 | -86.2% |
| Gross operating margin | 9900 | €23,684 | €24,739 | +€1,055 | +4.5% |
| Operating profit (loss) | 9901 | €21,717 | €23,519 | +€1,802 | +8.3% |
| Financial income | 75/76B | - | €280 | +€280 | |
| Recurring financial income | 75 | - | €280 | +€280 | |
| Financial charges | 65/66B | €3,277 | €2,263 | -€1,014 | -30.9% |
| Recurring financial charges | 65 | €1,957 | €2,263 | +€306 | +15.6% |
| Non-recurring financial charges | 66B | €1,319 | - | -€1,319 | |
| Profit (loss) for the period before taxes | 9903 | €18,440 | €21,536 | +€3,096 | +16.8% |
| Income taxes | 67/77 | €4,379 | €6,392 | +€2,013 | +46.0% |
| Profit (loss) for the period | 9904 | €14,061 | €15,144 | +€1,083 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,061 | €15,144 | +€1,083 | +7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.