KADOBI: 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.
KADOBI
Largest movements
- Cash -€57,518
down €57,518 (-79.3%), from €72,505 to €14,986
mainly Other debts (-€62,737) and Debts after one year (-€33,546)
- Receivables within one year +€16,252
up €16,252 (+28.2%), from €57,567 to €73,819
of which Other amounts receivable: +€19,056
- Other debts -€62,737
down €62,737 (-69.6%), from €90,172 to €27,435
- Reserves +€42,476
up €42,476 (+177%), from €23,949 to €66,424
- Debts after one year -€33,546
down €33,546 (-17.3%), from €194,057 to €160,512
- Tax, wage and social debts +€12,005
up €12,005 (+78.7%), from €15,245 to €27,250
of which Taxes: +€10,879
- Gross operating margin +€36,717
up €36,717 (+118%), from €31,169 to €67,887
- Taxes +€6,742
up €6,742 (+150%), from €4,506 to €11,248
- Financial charges +€3,113
up €3,113 (+36.4%), from €8,554 to €11,667
- Depreciation +€1,658
up €1,658 (+227%), from €729 to €2,388
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 | €367,356 | €325,213 | -€42,142 | -11.5% |
| Fixed assets | 21/28 | €230,929 | €231,444 | +€516 | +0.2% |
| Tangible fixed assets | 22/27 | €8,571 | €9,086 | +€516 | +6.0% |
| Furniture and vehicles | 24 | €8,571 | €9,086 | +€516 | +6.0% |
| Financial fixed assets | 28 | €222,358 | €222,358 | = | 0.0% |
| Current assets | 29/58 | €136,427 | €93,769 | -€42,658 | -31.3% |
| Amounts receivable within one year | 40/41 | €57,567 | €73,819 | +€16,252 | +28.2% |
| Trade receivables | 40 | €34,379 | €31,575 | -€2,804 | -8.2% |
| Other amounts receivable | 41 | €23,188 | €42,244 | +€19,056 | +82.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €72,505 | €14,986 | -€57,518 | -79.3% |
| Deferred charges and accrued income | 490/1 | €6,355 | €4,964 | -€1,392 | -21.9% |
| Total equity and liabilities | 10/49 | €367,356 | €325,213 | -€42,142 | -11.5% |
| Equity | 10/15 | €28,949 | €71,424 | +€42,476 | +147% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,949 | €66,424 | +€42,476 | +177% |
| Distributable reserves | 133 | €23,949 | €66,424 | +€42,476 | +177% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €338,407 | €253,789 | -€84,618 | -25.0% |
| Amounts payable after more than one year | 17 | €194,057 | €160,512 | -€33,546 | -17.3% |
| Financial debts | 170/4 | €194,057 | €160,512 | -€33,546 | -17.3% |
| Amounts payable within one year | 42/48 | €144,166 | €93,093 | -€51,073 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €35,527 | €35,206 | -€321 | -0.9% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,222 | €3,202 | -€19 | -0.6% |
| Suppliers | 440/4 | €3,222 | €3,202 | -€19 | -0.6% |
| Taxes, remuneration and social security | 45 | €15,245 | €27,250 | +€12,005 | +78.7% |
| Taxes | 450/3 | €11,745 | €22,624 | +€10,879 | +92.6% |
| Remuneration and social security | 454/9 | €3,500 | €4,626 | +€1,126 | +32.2% |
| Other amounts payable | 47/48 | €90,172 | €27,435 | -€62,737 | -69.6% |
| Accrued charges and deferred income | 492/3 | €184 | €184 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | €2,388 | +€1,658 | +227% |
| Other operating charges | 640/8 | €758 | €1,077 | +€319 | +42.1% |
| Gross operating margin | 9900 | €31,169 | €67,887 | +€36,717 | +118% |
| Operating profit (loss) | 9901 | €29,682 | €64,422 | +€34,740 | +117% |
| Financial income | 75/76B | €321 | €968 | +€647 | +202% |
| Recurring financial income | 75 | €321 | €968 | +€647 | +202% |
| Financial charges | 65/66B | €8,554 | €11,667 | +€3,113 | +36.4% |
| Recurring financial charges | 65 | €8,554 | €11,667 | +€3,113 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €21,450 | €53,724 | +€32,274 | +150% |
| Income taxes | 67/77 | €4,506 | €11,248 | +€6,742 | +150% |
| Profit (loss) for the period | 9904 | €16,943 | €42,476 | +€25,532 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €16,943 | €42,476 | +€25,532 | +151% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.