KADIBUILD: 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.
KADIBUILD
Largest movements
- Tangible fixed assets +€65,394
up €65,394 (+55.4%), from €118,071 to €183,464
of which Assets under construction and advance payments: +€65,394
- Cash -€9,493
down €9,493 (-74.5%), from €12,741 to €3,248
mainly Investment in fixed assets (net) (-€65,394) and Net result for the year (-€4,150)
- Receivables within one year -€3,653
down €3,653 (-99.6%), from €3,667 to €13
- Other debts +€60,000
up €60,000 (+28.7%), from €209,349 to €269,349
- Profit (loss) carried forward -€4,150
down €4,150 (-1.9%), from -€218,725 to -€222,876
- Trade debts -€3,601
down €3,601 (-92.5%), from €3,891 to €290
- Depreciation -€204,180
down €204,180 (-100%), from €204,180 to €0
- Gross operating margin +€9,643
up €9,643 (+77.5%), from -€12,436 to -€2,793
- Other operating charges -€696
down €696 (-35.2%), from €1,978 to €1,282
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 | €134,515 | €186,764 | +€52,249 | +38.8% |
| Fixed assets | 21/28 | €118,071 | €183,464 | +€65,394 | +55.4% |
| Tangible fixed assets | 22/27 | €118,071 | €183,464 | +€65,394 | +55.4% |
| Land and buildings | 22 | €74,700 | €74,700 | = | 0.0% |
| Assets under construction and advance payments | 27 | €43,371 | €108,764 | +€65,394 | +151% |
| Current assets | 29/58 | €16,444 | €3,300 | -€13,145 | -79.9% |
| Amounts receivable within one year | 40/41 | €3,667 | €13 | -€3,653 | -99.6% |
| Trade receivables | 40 | €3,667 | €13 | -€3,653 | -99.6% |
| Cash at bank and in hand | 54/58 | €12,741 | €3,248 | -€9,493 | -74.5% |
| Deferred charges and accrued income | 490/1 | €37 | €38 | +€2 | +4.1% |
| Total equity and liabilities | 10/49 | €134,515 | €186,764 | +€52,249 | +38.8% |
| Equity | 10/15 | -€78,725 | -€82,876 | -€4,150 | -5.3% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,725 | -€222,876 | -€4,150 | -1.9% |
| Amounts payable | 17/49 | €213,241 | €269,640 | +€56,399 | +26.4% |
| Amounts payable within one year | 42/48 | €213,241 | €269,640 | +€56,399 | +26.4% |
| Trade debts | 44 | €3,891 | €290 | -€3,601 | -92.5% |
| Suppliers | 440/4 | €3,891 | €290 | -€3,601 | -92.5% |
| Other amounts payable | 47/48 | €209,349 | €269,349 | +€60,000 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,180 | €0 | -€204,180 | -100% |
| Other operating charges | 640/8 | €1,978 | €1,282 | -€696 | -35.2% |
| Gross operating margin | 9900 | -€12,436 | -€2,793 | +€9,643 | +77.5% |
| Operating profit (loss) | 9901 | -€218,594 | -€4,075 | +€214,519 | +98.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €131 | €75 | -€56 | -42.7% |
| Recurring financial charges | 65 | €131 | €75 | -€56 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | -€218,725 | -€4,150 | +€214,575 | +98.1% |
| Profit (loss) for the period | 9904 | -€218,725 | -€4,150 | +€214,575 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€218,725 | -€4,150 | +€214,575 | +98.1% |
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 21 October 2026 via checked.be.