KADOLOG: 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.
KADOLOG
Largest movements
- Cash -€26,710
down €26,710 (-24.6%), from €108,438 to €81,727
mainly Trade debts (-€28,410) and Receivables within one year (-€14,348)
- Receivables within one year +€14,348
up €14,348 (+66.8%), from €21,472 to €35,819
of which Trade receivables: +€10,888
- Intangible fixed assets -€9,567
no longer reported in 2025 (was €9,567)
- Trade debts -€28,410
down €28,410 (-54.3%), from €52,340 to €23,930
- Profit (loss) carried forward +€7,430
up €7,430 (+15.0%), from €49,578 to €57,008
- Gross operating margin -€26,043
down €26,043 (-40.7%), from €64,063 to €38,021
- Financial charges -€9,759
down €9,759 (-33.4%), from €29,190 to €19,431
- Depreciation -€4,596
down €4,596 (-32.4%), from €14,163 to €9,567
- Taxes -€4,576
down €4,576 (-64.8%), from €7,059 to €2,483
- Financial income +€987
up €987 (+326.1%), from €303 to €1,290
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 | €140,152 | €118,207 | -€21,945 | -15.7% |
| Fixed assets | 21/28 | €9,567 | - | -€9,567 | |
| Intangible fixed assets | 21 | €9,567 | - | -€9,567 | |
| Current assets | 29/58 | €130,585 | €118,207 | -€12,378 | -9.5% |
| Amounts receivable within one year | 40/41 | €21,472 | €35,819 | +€14,348 | +66.8% |
| Trade receivables | 40 | €17,456 | €28,344 | +€10,888 | +62.4% |
| Other amounts receivable | 41 | €4,016 | €7,475 | +€3,460 | +86.2% |
| Cash at bank and in hand | 54/58 | €108,438 | €81,727 | -€26,710 | -24.6% |
| Deferred charges and accrued income | 490/1 | €676 | €661 | -€15 | -2.3% |
| Total equity and liabilities | 10/49 | €140,152 | €118,207 | -€21,945 | -15.7% |
| Equity | 10/15 | €76,404 | €83,834 | +€7,430 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,626 | €20,626 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €18,771 | €18,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,578 | €57,008 | +€7,430 | +15.0% |
| Amounts payable | 17/49 | €63,749 | €34,373 | -€29,375 | -46.1% |
| Amounts payable within one year | 42/48 | €63,749 | €34,373 | -€29,375 | -46.1% |
| Trade debts | 44 | €52,340 | €23,930 | -€28,410 | -54.3% |
| Suppliers | 440/4 | €52,340 | €23,930 | -€28,410 | -54.3% |
| Taxes, remuneration and social security | 45 | €10,623 | €10,328 | -€295 | -2.8% |
| Taxes | 450/3 | €10,623 | €10,328 | -€295 | -2.8% |
| Other amounts payable | 47/48 | €786 | €116 | -€670 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,163 | €9,567 | -€4,596 | -32.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €64,063 | €38,021 | -€26,043 | -40.7% |
| Operating profit (loss) | 9901 | €49,513 | €28,054 | -€21,459 | -43.3% |
| Financial income | 75/76B | €303 | €1,290 | +€987 | +326.1% |
| Recurring financial income | 75 | €303 | €1,290 | +€987 | +326.1% |
| Financial charges | 65/66B | €29,190 | €19,431 | -€9,759 | -33.4% |
| Recurring financial charges | 65 | €29,190 | €19,431 | -€9,759 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €20,626 | €9,913 | -€10,713 | -51.9% |
| Income taxes | 67/77 | €7,059 | €2,483 | -€4,576 | -64.8% |
| Profit (loss) for the period | 9904 | €13,567 | €7,430 | -€6,136 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,567 | €7,430 | -€6,136 | -45.2% |
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.