Kadiseja: 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.
Kadiseja
Largest movements
- Tangible fixed assets -€10,547
down €10,547 (-26.2%), from €40,194 to €29,647
- Cash -€2,262
down €2,262 (-43.0%), from €5,255 to €2,993
mainly Debts after one year (-€8,027) and Other debts (-€7,871)
- Stocks and contracts +€715
new in 2025: €715
- Receivables within one year +€629
up €629 (+127.6%), from €493 to €1,122
of which Other amounts receivable: +€595
- Debts after one year -€8,027
down €8,027 (-33.4%), from €24,061 to €16,034
- Other debts -€7,871
down €7,871 (-42.4%), from €18,580 to €10,709
- Trade debts +€2,940
new in 2025: €2,940
- Current portion of long-term debt +€732
up €732 (+8.8%), from €8,337 to €9,070
- Accrued charges and deferred income +€650
new in 2025: €650
- Gross operating margin +€11,476
up €11,476 (+315.3%), from €3,640 to €15,115
- Depreciation -€1,994
down €1,994 (-15.9%), from €12,541 to €10,547
- Other operating charges +€725
up €725 (+516.2%), from €141 to €866
- Financial charges -€452
down €452 (-12.3%), from €3,672 to €3,220
- Staff costs +€195
up €195, from €0 to €195
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,942 | €34,477 | -€11,465 | -25.0% |
| Fixed assets | 21/28 | €40,194 | €29,647 | -€10,547 | -26.2% |
| Tangible fixed assets | 22/27 | €40,194 | €29,647 | -€10,547 | -26.2% |
| Leasing and similar rights | 25 | €40,194 | €29,647 | -€10,547 | -26.2% |
| Current assets | 29/58 | €5,748 | €4,830 | -€918 | -16.0% |
| Stocks and contracts in progress | 3 | - | €715 | +€715 | |
| Stocks | 30/36 | - | €715 | +€715 | |
| Amounts receivable within one year | 40/41 | €493 | €1,122 | +€629 | +127.6% |
| Trade receivables | 40 | - | €34 | +€34 | |
| Other amounts receivable | 41 | €493 | €1,087 | +€595 | +120.7% |
| Cash at bank and in hand | 54/58 | €5,255 | €2,993 | -€2,262 | -43.0% |
| Total equity and liabilities | 10/49 | €45,942 | €34,477 | -€11,465 | -25.0% |
| Equity | 10/15 | -€5,213 | -€4,926 | +€288 | +5.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,713 | -€12,426 | +€288 | +2.3% |
| Amounts payable | 17/49 | €51,156 | €39,403 | -€11,753 | -23.0% |
| Amounts payable after more than one year | 17 | €24,061 | €16,034 | -€8,027 | -33.4% |
| Financial debts | 170/4 | €24,061 | €16,034 | -€8,027 | -33.4% |
| Amounts payable within one year | 42/48 | €27,095 | €22,719 | -€4,376 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €8,337 | €9,070 | +€732 | +8.8% |
| Trade debts | 44 | - | €2,940 | +€2,940 | |
| Suppliers | 440/4 | - | €2,940 | +€2,940 | |
| Taxes, remuneration and social security | 45 | €177 | €0 | -€177 | -100.0% |
| Taxes | 450/3 | €177 | €0 | -€177 | -100.0% |
| Other amounts payable | 47/48 | €18,580 | €10,709 | -€7,871 | -42.4% |
| Accrued charges and deferred income | 492/3 | - | €650 | +€650 | |
| Remuneration, social security and pensions | 62 | €0 | €195 | +€195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,541 | €10,547 | -€1,994 | -15.9% |
| Other operating charges | 640/8 | €141 | €866 | +€725 | +516.2% |
| Gross operating margin | 9900 | €3,640 | €15,115 | +€11,476 | +315.3% |
| Operating profit (loss) | 9901 | -€9,042 | €3,508 | +€12,549 | |
| Financial charges | 65/66B | €3,672 | €3,220 | -€452 | -12.3% |
| Recurring financial charges | 65 | €3,672 | €3,220 | -€452 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,713 | €288 | +€13,001 | |
| Profit (loss) for the period | 9904 | -€12,713 | €288 | +€13,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,713 | €288 | +€13,001 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.