KADIQUINE: 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.
KADIQUINE
Largest movements
- Cash -€31,130
down €31,130 (-66.5%), from €46,792 to €15,662
mainly Contributions, distributions and other (-€44,706) and Current investments (-€26,460)
- Current investments +€26,460
up €26,460 (+88.2%), from €30,000 to €56,460
- Receivables within one year +€25,414
up €25,414 (+350%), from €7,265 to €32,679
of which Trade receivables: +€32,528
- Tangible fixed assets -€4,498
down €4,498 (-50.3%), from €8,936 to €4,437
of which Furniture and vehicles: -€3,150
- Other debts +€10,503
new in 2025: €10,503
- Tax, wage and social debts +€8,255
up €8,255 (+210%), from €3,928 to €12,183
- Current portion of long-term debt -€3,175
down €3,175 (-100%), from €3,175 to €0
- Profit (loss) carried forward -€1,939
down €1,939 (-2.3%), from €83,929 to €81,990
- Trade debts +€1,705
up €1,705 (+253%), from €675 to €2,379
- Gross operating margin +€13,313
up €13,313 (+30.1%), from €44,244 to €57,557
- Depreciation -€3,237
down €3,237 (-66.7%), from €4,853 to €1,616
- Taxes +€3,066
up €3,066 (+33.0%), from €9,282 to €12,348
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 | €94,917 | €110,877 | +€15,960 | +16.8% |
| Fixed assets | 21/28 | €8,936 | €4,437 | -€4,498 | -50.3% |
| Tangible fixed assets | 22/27 | €8,936 | €4,437 | -€4,498 | -50.3% |
| Plant, machinery and equipment | 23 | €3,757 | €2,735 | -€1,022 | -27.2% |
| Furniture and vehicles | 24 | €3,936 | €786 | -€3,150 | -80.0% |
| Other tangible fixed assets | 26 | €1,243 | €916 | -€326 | -26.3% |
| Current assets | 29/58 | €85,981 | €106,439 | +€20,458 | +23.8% |
| Amounts receivable within one year | 40/41 | €7,265 | €32,679 | +€25,414 | +350% |
| Trade receivables | 40 | €143 | €32,671 | +€32,528 | +22,729% |
| Other amounts receivable | 41 | €7,122 | €7 | -€7,114 | -99.9% |
| Current investments | 50/53 | €30,000 | €56,460 | +€26,460 | +88.2% |
| Cash at bank and in hand | 54/58 | €46,792 | €15,662 | -€31,130 | -66.5% |
| Deferred charges and accrued income | 490/1 | €1,924 | €1,638 | -€286 | -14.9% |
| Total equity and liabilities | 10/49 | €94,917 | €110,877 | +€15,960 | +16.8% |
| Equity | 10/15 | €86,929 | €84,990 | -€1,939 | -2.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,929 | €81,990 | -€1,939 | -2.3% |
| Amounts payable | 17/49 | €7,988 | €25,886 | +€17,899 | +224% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,778 | €25,078 | +€17,300 | +222% |
| Current portion of amounts payable after more than one year | 42 | €3,175 | €0 | -€3,175 | -100% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €675 | €2,379 | +€1,705 | +253% |
| Suppliers | 440/4 | €675 | €2,379 | +€1,705 | +253% |
| Taxes, remuneration and social security | 45 | €3,928 | €12,183 | +€8,255 | +210% |
| Taxes | 450/3 | €3,928 | €12,183 | +€8,255 | +210% |
| Other amounts payable | 47/48 | - | €10,503 | +€10,503 | |
| Accrued charges and deferred income | 492/3 | €209 | €808 | +€599 | +286% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,853 | €1,616 | -€3,237 | -66.7% |
| Other operating charges | 640/8 | €1,463 | €1,281 | -€182 | -12.4% |
| Gross operating margin | 9900 | €44,244 | €57,557 | +€13,313 | +30.1% |
| Operating profit (loss) | 9901 | €37,928 | €54,660 | +€16,732 | +44.1% |
| Financial income | 75/76B | €1,343 | €1,424 | +€81 | +6.0% |
| Recurring financial income | 75 | €1,343 | €1,424 | +€81 | +6.0% |
| Financial charges | 65/66B | €493 | €968 | +€475 | +96.4% |
| Recurring financial charges | 65 | €493 | €968 | +€475 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €38,777 | €55,115 | +€16,338 | +42.1% |
| Income taxes | 67/77 | €9,282 | €12,348 | +€3,066 | +33.0% |
| Profit (loss) for the period | 9904 | €29,495 | €42,767 | +€13,272 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,495 | €42,767 | +€13,272 | +45.0% |
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.