KADIL: what changed
KADIL
Largest movements
- Receivables within one year +€524,259
up €524,259 (+1,195%), from €43,855 to €568,114
of which Other amounts receivable: +€530,732
- Tangible fixed assets -€306,823
down €306,823 (-15.5%), from €2.0m to €1.7m
of which Land and buildings: -€292,532
- Stocks and contracts +€88,963
up €88,963 (+6.5%), from €1.4m to €1.5m
- Cash -€66,931
down €66,931 (-20.0%), from €334,983 to €268,052
mainly Contributions, distributions and other (-€776,459) and Receivables within one year (-€524,259)
- Other debts +€794,528
up €794,528 (+397%), from €199,931 to €994,460
- Reserves -€260,391
down €260,391 (-12.1%), from €2.2m to €1.9m
of which Distributable reserves: -€420,371
- Debts after one year -€256,666
down €256,666 (-34.7%), from €738,887 to €482,221
- Trade debts +€94,253
up €94,253 (+59.8%), from €157,598 to €251,851
- Tax, wage and social debts -€62,644
down €62,644 (-45.7%), from €137,135 to €74,492
of which Taxes: -€48,751
- Financial charges -€34,026
down €34,026 (-41.8%), from €81,461 to €47,435
- Other operating charges +€25,717
up €25,717 (+87.5%), from €29,381 to €55,099
- Gross operating margin -€22,414
down €22,414 (-1.4%), from €1.6m to €1.6m
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 | €3,758,902 | €4,007,894 | +€248,993 | +6.6% |
| Fixed assets | 21/28 | €1,985,931 | €1,679,108 | -€306,823 | -15.4% |
| Tangible fixed assets | 22/27 | €1,985,509 | €1,678,686 | -€306,823 | -15.5% |
| Land and buildings | 22 | €1,949,720 | €1,657,189 | -€292,532 | -15.0% |
| Plant, machinery and equipment | 23 | €12,908 | €8,819 | -€4,089 | -31.7% |
| Furniture and vehicles | 24 | €22,881 | €12,679 | -€10,202 | -44.6% |
| Financial fixed assets | 28 | €422 | €422 | = | 0.0% |
| Current assets | 29/58 | €1,772,971 | €2,328,786 | +€555,816 | +31.3% |
| Stocks and contracts in progress | 3 | €1,374,954 | €1,463,917 | +€88,963 | +6.5% |
| Stocks | 30/36 | €1,374,954 | €1,463,917 | +€88,963 | +6.5% |
| Amounts receivable within one year | 40/41 | €43,855 | €568,114 | +€524,259 | +1,195% |
| Trade receivables | 40 | €43,855 | €37,383 | -€6,472 | -14.8% |
| Other amounts receivable | 41 | €0 | €530,732 | +€530,732 | |
| Cash at bank and in hand | 54/58 | €334,983 | €268,052 | -€66,931 | -20.0% |
| Deferred charges and accrued income | 490/1 | €19,179 | €28,703 | +€9,524 | +49.7% |
| Total equity and liabilities | 10/49 | €3,758,902 | €4,007,894 | +€248,993 | +6.6% |
| Equity | 10/15 | €2,172,254 | €1,911,863 | -€260,391 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,153,654 | €1,893,263 | -€260,391 | -12.1% |
| Tax-exempt reserves | 132 | - | €159,980 | +€159,980 | |
| Distributable reserves | 133 | €2,153,654 | €1,733,283 | -€420,371 | -19.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,586,648 | €2,096,031 | +€509,384 | +32.1% |
| Amounts payable after more than one year | 17 | €738,887 | €482,221 | -€256,666 | -34.7% |
| Financial debts | 170/4 | €738,887 | €482,221 | -€256,666 | -34.7% |
| Amounts payable within one year | 42/48 | €808,799 | €1,587,600 | +€778,801 | +96.3% |
| Current portion of amounts payable after more than one year | 42 | €306,667 | €256,666 | -€50,001 | -16.3% |
| Trade debts | 44 | €157,598 | €251,851 | +€94,253 | +59.8% |
| Suppliers | 440/4 | €157,598 | €251,851 | +€94,253 | +59.8% |
| Advances received on contracts in progress | 46 | €7,467 | €10,132 | +€2,665 | +35.7% |
| Taxes, remuneration and social security | 45 | €137,135 | €74,492 | -€62,644 | -45.7% |
| Taxes | 450/3 | €66,882 | €18,131 | -€48,751 | -72.9% |
| Remuneration and social security | 454/9 | €70,253 | €56,361 | -€13,892 | -19.8% |
| Other amounts payable | 47/48 | €199,931 | €994,460 | +€794,528 | +397% |
| Accrued charges and deferred income | 492/3 | €38,961 | €26,210 | -€12,752 | -32.7% |
| Remuneration, social security and pensions | 62 | €479,009 | €489,812 | +€10,803 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,622 | €313,767 | +€145 | 0.0% |
| Other operating charges | 640/8 | €29,381 | €55,099 | +€25,717 | +87.5% |
| Gross operating margin | 9900 | €1,574,492 | €1,552,078 | -€22,414 | -1.4% |
| Operating profit (loss) | 9901 | €752,480 | €693,400 | -€59,080 | -7.9% |
| Financial income | 75/76B | €35,287 | €43,831 | +€8,543 | +24.2% |
| Recurring financial income | 75 | €35,287 | €43,831 | +€8,543 | +24.2% |
| Financial charges | 65/66B | €81,461 | €47,435 | -€34,026 | -41.8% |
| Recurring financial charges | 65 | €81,461 | €47,435 | -€34,026 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €706,306 | €689,796 | -€16,511 | -2.3% |
| Income taxes | 67/77 | €178,305 | €173,727 | -€4,577 | -2.6% |
| Profit (loss) for the period | 9904 | €528,001 | €516,068 | -€11,933 | -2.3% |
| Transfer to tax-exempt reserves | 689 | - | €159,980 | +€159,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €528,001 | €356,088 | -€171,913 | -32.6% |
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 2 November 2026 via checked.be.