KADI FINANCE: what changed
What changed
KADI FINANCE
filed annual accounts (NBB)
Net result for the year
€3.1m
2023 · €82,253+€3.0m
Equity
€12.6m
2023 · €9.5m+€3.1m
Cash
€4,589
2023 · €54+€4,535
Balance sheet total
€12.7m
2023 · €9.6m+€3.1m
Largest movements
Assets
- Current investments +€4.0m
new in 2024: €4.0m
- Financial fixed assets -€2.5m
down €2.5m (-99.9%), from €2.5m to €3,644
- Receivables after one year +€1.6m
up €1.6m (+22.4%), from €7.1m to €8.6m
Equity and liabilities
- Profit (loss) carried forward +€3.0m
up €3.0m (+36.8%), from €8.2m to €11.2m
Income statement
- Financial income +€3.1m
up €3.1m (+3,432%), from €89,209 to €3.2m
of which Non-recurring financial income: +€3.0m
- Taxes +€12,037
new in 2024: €12,037
- Gross operating margin -€11,954
down €11,954 (-234%), from -€5,101 to -€17,055
- Other operating charges +€876
up €876 (+90.2%), from €971 to €1,847
- Financial charges -€620
down €620 (-70.1%), from €884 to €264
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€82,253
Gross operating margin
-€11,954
Other operating charges
-€876
Financial income
+€3.1m
Financial charges
+€620
Taxes
-€12,037
Result 2024
€3.1m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
-€1.5m
Financing
€0
Cash 2023
€54
From operations (derived)
+€1.5m
Net result for the year
+€3.1m
Receivables after one year
-€1.6m
Receivables within one year
-€20,038
Deferred charges and accrued income
-€16,259
Smaller working-capital items
-€6,385
Investment (derived)
-€1.5m
Investment in fixed assets (net)
+€2.5m
Current investments
-€4.0m
Cash 2024
€4,589
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,601,639 | €12,715,335 | +€3.1m | +32.4% |
| Fixed assets | 21/28 | €2,510,781 | €3,644 | -€2.5m | -99.9% |
| Financial fixed assets | 28 | €2,510,781 | €3,644 | -€2.5m | -99.9% |
| Current assets | 29/58 | €7,090,858 | €12,711,691 | +€5.6m | +79.3% |
| Amounts receivable after more than one year | 29 | €7,051,163 | €8,631,163 | +€1.6m | +22.4% |
| Other amounts receivable | 291 | €7,051,163 | €8,631,163 | +€1.6m | +22.4% |
| Amounts receivable within one year | 40/41 | €39,641 | €59,679 | +€20,038 | +50.5% |
| Trade receivables | 40 | €2,754 | - | -€2,754 | |
| Other amounts receivable | 41 | €36,887 | €59,679 | +€22,792 | +61.8% |
| Current investments | 50/53 | - | €4,000,000 | +€4.0m | |
| Cash at bank and in hand | 54/58 | €54 | €4,589 | +€4,535 | +8,333% |
| Deferred charges and accrued income | 490/1 | - | €16,259 | +€16,259 | |
| Total equity and liabilities | 10/49 | €9,601,639 | €12,715,335 | +€3.1m | +32.4% |
| Equity | 10/15 | €9,511,610 | €12,631,691 | +€3.1m | +32.8% |
| Contributions | 10/11 | €1,312,000 | €1,312,000 | = | 0.0% |
| Capital | 10 | €1,312,000 | €1,312,000 | = | 0.0% |
| Issued capital | 100 | €1,312,000 | €1,312,000 | = | 0.0% |
| Reserves | 13 | €21,638 | €131,200 | +€109,562 | +506% |
| Non-distributable reserves | 130/1 | €21,638 | €131,200 | +€109,562 | +506% |
| Legal reserve | 130 | €21,638 | €131,200 | +€109,562 | +506% |
| Profit (loss) carried forward | 14 | €8,177,973 | €11,188,491 | +€3.0m | +36.8% |
| Amounts payable | 17/49 | €90,029 | €83,644 | -€6,385 | -7.1% |
| Amounts payable within one year | 42/48 | €89,068 | €83,644 | -€5,424 | -6.1% |
| Trade debts | 44 | €5,354 | - | -€5,354 | |
| Suppliers | 440/4 | €5,354 | - | -€5,354 | |
| Taxes, remuneration and social security | 45 | €70 | - | -€70 | |
| Taxes | 450/3 | €70 | - | -€70 | |
| Other amounts payable | 47/48 | €83,644 | €83,644 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €960 | - | -€960 | |
| Other operating charges | 640/8 | €971 | €1,847 | +€876 | +90.2% |
| Gross operating margin | 9900 | -€5,101 | -€17,055 | -€11,954 | -234% |
| Operating profit (loss) | 9901 | -€6,072 | -€18,903 | -€12,830 | -211% |
| Financial income | 75/76B | €89,209 | €3,151,283 | +€3.1m | +3,432% |
| Recurring financial income | 75 | €89,209 | €185,947 | +€96,738 | +108% |
| Non-recurring financial income | 76B | - | €2,965,337 | +€3.0m | |
| Financial charges | 65/66B | €884 | €264 | -€620 | -70.1% |
| Recurring financial charges | 65 | €884 | €264 | -€620 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €82,253 | €3,132,117 | +€3.0m | +3,708% |
| Income taxes | 67/77 | - | €12,037 | +€12,037 | |
| Profit (loss) for the period | 9904 | €82,253 | €3,120,080 | +€3.0m | +3,693% |
| Profit (loss) for the period to be appropriated | 9905 | €82,253 | €3,120,080 | +€3.0m | +3,693% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.