KADIPACK: 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.
What changed
KADIPACK
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -€11,907+€1.6m
Equity
€935,247
2024 · €934,341+€906
Cash
€1.1m
2024 · €238,011+€832,693
Balance sheet total
€10.0m
2024 · €10.0m+€30,492
Largest movements
Assets
- Cash +€832,693
up €832,693 (+349.9%), from €238,011 to €1.1m
mainly Net result for the year (+€1.6m) and Trade debts (+€1.1m)
- Receivables within one year -€719,278
down €719,278 (-15.2%), from €4.7m to €4.0m
of which Other amounts receivable: -€869,043
- Tangible fixed assets -€118,367
down €118,367 (-18.5%), from €640,805 to €522,437
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+56.4%), from €1.9m to €3.0m
- Debts after one year -€866,376
down €866,376 (-15.6%), from €5.5m to €4.7m
- Current portion of long-term debt -€405,679
down €405,679 (-77.6%), from €523,055 to €117,376
- Other debts +€182,630
up €182,630 (+20.9%), from €874,391 to €1.1m
Income statement
- Financial income +€1.6m
up €1.6m (+397498922.5%), from €0 to €1.6m
- Goods and materials +€969,244
up €969,244 (+18.0%), from €5.4m to €6.4m
- Turnover +€883,520
up €883,520 (+15.5%), from €5.7m to €6.6m
- Financial charges -€112,228
down €112,228 (-35.4%), from €316,936 to €204,708
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.
Result 2024
-€11,907
Turnover
+€883,520
Goods and materials
-€969,244
Services and other goods
-€3,502
Other operating charges
-€184
Financial income
+€1.6m
Financial charges
+€112,228
Result 2025
€1.6m
Cash bridge derived
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.
From operations
+€3.7m
Investment
€0
Financing
-€2.9m
Cash 2024
€238,011
From operations (derived)
+€3.7m
Net result for the year
+€1.6m
Depreciation
+€118,367
Receivables within one year
+€719,278
Deferred charges and accrued income
-€35,444
Provisions
-€17,409
Trade debts
+€1.1m
Tax, wage and social debts
-€479
Other debts
+€182,630
Accrued charges and deferred income
+€66,372
Financing
-€2.9m
Debts after one year
-€866,376
Current portion of long-term debt
-€405,679
Contributions, distributions and other
-€1.6m
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,983,712 | €10,014,204 | +€30,492 | +0.3% |
| Fixed assets | 21/28 | €4,981,668 | €4,863,301 | -€118,367 | -2.4% |
| Tangible fixed assets | 22/27 | €640,805 | €522,437 | -€118,367 | -18.5% |
| Leasing and similar rights | 25 | €640,805 | €522,437 | -€118,367 | -18.5% |
| Financial fixed assets | 28 | €4,340,864 | €4,340,864 | = | 0.0% |
| Affiliated companies | 280/1 | €4,340,864 | €4,340,864 | = | 0.0% |
| Participating interests | 280 | €4,340,864 | €4,340,864 | = | 0.0% |
| Current assets | 29/58 | €5,002,044 | €5,150,903 | +€148,859 | +3.0% |
| Amounts receivable within one year | 40/41 | €4,719,249 | €3,999,971 | -€719,278 | -15.2% |
| Trade receivables | 40 | €188,755 | €338,521 | +€149,766 | +79.3% |
| Other amounts receivable | 41 | €4,530,493 | €3,661,450 | -€869,043 | -19.2% |
| Cash at bank and in hand | 54/58 | €238,011 | €1,070,703 | +€832,693 | +349.9% |
| Deferred charges and accrued income | 490/1 | €44,784 | €80,229 | +€35,444 | +79.1% |
| Total equity and liabilities | 10/49 | €9,983,712 | €10,014,204 | +€30,492 | +0.3% |
| Equity | 10/15 | €934,341 | €935,247 | +€906 | +0.1% |
| Contributions | 10/11 | €329,203 | €329,203 | = | 0.0% |
| Reserves | 13 | €697,247 | €645,019 | -€52,227 | -7.5% |
| Non-distributable reserves | 130/1 | €32,920 | €32,920 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,920 | €32,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €282,744 | €230,516 | -€52,227 | -18.5% |
| Distributable reserves | 133 | €381,583 | €381,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,109 | -€38,975 | +€53,134 | +57.7% |
| Provisions and deferred taxes | 16 | €94,248 | €76,839 | -€17,409 | -18.5% |
| Deferred taxes | 168 | €94,248 | €76,839 | -€17,409 | -18.5% |
| Amounts payable | 17/49 | €8,955,123 | €9,002,119 | +€46,995 | +0.5% |
| Amounts payable after more than one year | 17 | €5,546,067 | €4,679,691 | -€866,376 | -15.6% |
| Financial debts | 170/4 | €5,546,067 | €4,679,691 | -€866,376 | -15.6% |
| Leasing and similar obligations | 172 | €546,067 | €429,691 | -€116,376 | -21.3% |
| Credit institutions | 173 | €5,000,000 | €4,250,000 | -€750,000 | -15.0% |
| Amounts payable within one year | 42/48 | €3,397,299 | €4,244,298 | +€846,999 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €523,055 | €117,376 | -€405,679 | -77.6% |
| Trade debts | 44 | €1,898,702 | €2,969,229 | +€1.1m | +56.4% |
| Suppliers | 440/4 | €1,898,702 | €2,969,229 | +€1.1m | +56.4% |
| Taxes, remuneration and social security | 45 | €101,151 | €100,672 | -€479 | -0.5% |
| Taxes | 450/3 | €101,151 | €100,672 | -€479 | -0.5% |
| Other amounts payable | 47/48 | €874,391 | €1,057,021 | +€182,630 | +20.9% |
| Accrued charges and deferred income | 492/3 | €11,757 | €78,129 | +€66,372 | +564.5% |
| Operating income | 70/76A | €5,840,836 | €6,724,357 | +€883,520 | +15.1% |
| Turnover | 70 | €5,707,336 | €6,590,857 | +€883,520 | +15.5% |
| Other operating income | 74 | €133,500 | €133,500 | = | 0.0% |
| Operating charges | 60/66A | €5,553,217 | €6,526,147 | +€972,930 | +17.5% |
| Goods for resale, raw materials and consumables | 60 | €5,394,752 | €6,363,996 | +€969,244 | +18.0% |
| Purchases | 600/8 | €5,394,752 | €6,363,996 | +€969,244 | +18.0% |
| Services and other goods | 61 | €37,398 | €40,900 | +€3,502 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,367 | €118,367 | = | 0.0% |
| Other operating charges | 640/8 | €2,700 | €2,885 | +€184 | +6.8% |
| Operating profit (loss) | 9901 | €287,619 | €198,209 | -€89,410 | -31.1% |
| Financial income | 75/76B | €0 | €1,589,996 | +€1.6m | +397498922.5% |
| Recurring financial income | 75 | €0 | €1,589,996 | +€1.6m | +397498922.5% |
| Income from financial fixed assets | 750 | - | €1,589,994 | +€1.6m | |
| Other financial income | 752/9 | €0 | €2 | +€2 | +422.5% |
| Financial charges | 65/66B | €316,936 | €204,708 | -€112,228 | -35.4% |
| Recurring financial charges | 65 | €316,936 | €204,708 | -€112,228 | -35.4% |
| Debt charges | 650 | €309,582 | €201,969 | -€107,612 | -34.8% |
| Other financial charges | 652/9 | €7,355 | €2,739 | -€4,616 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,317 | €1,583,497 | +€1.6m | |
| Transfer from deferred taxes | 780 | €17,409 | €17,409 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€11,907 | €1,600,906 | +€1.6m | |
| Transfer from tax-exempt reserves | 789 | €52,227 | €52,227 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,320 | €1,653,134 | +€1.6m | +4000.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.