KADRAGROUPE: 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.
KADRAGROUPE
Largest movements
- Intangible fixed assets -€31,505
down €31,505 (-33.3%), from €94,515 to €63,010
- Tangible fixed assets -€20,711
no longer reported in 2025 (was €20,711)
- Cash +€16,416
up €16,416 (+15.5%), from €106,040 to €122,456
mainly Depreciation (+€31,505) and Investment in fixed assets (net) (+€20,711)
- Profit (loss) carried forward -€28,903
down €28,903 (-11.2%), from -€259,164 to -€288,068
- Tax, wage and social debts -€5,252
down €5,252 (-99.6%), from €5,271 to €19
- Other operating charges -€159,425
down €159,425 (-99.8%), from €159,770 to €344
- Depreciation -€11,196
down €11,196 (-26.2%), from €42,701 to €31,505
- Gross operating margin +€6,360
up €6,360 (+158%), from €4,014 to €10,374
- Financial charges -€5,419
down €5,419 (-99.2%), from €5,464 to €45
- Financial income -€1,673
down €1,673 (-80.4%), from €2,081 to €408
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 | €223,808 | €189,266 | -€34,542 | -15.4% |
| Fixed assets | 21/28 | €115,226 | €63,010 | -€52,216 | -45.3% |
| Intangible fixed assets | 21 | €94,515 | €63,010 | -€31,505 | -33.3% |
| Tangible fixed assets | 22/27 | €20,711 | - | -€20,711 | |
| Furniture and vehicles | 24 | €20,711 | - | -€20,711 | |
| Current assets | 29/58 | €108,581 | €126,256 | +€17,674 | +16.3% |
| Amounts receivable within one year | 40/41 | €2,541 | €3,800 | +€1,259 | +49.5% |
| Other amounts receivable | 41 | €2,541 | €3,800 | +€1,259 | +49.5% |
| Cash at bank and in hand | 54/58 | €106,040 | €122,456 | +€16,416 | +15.5% |
| Total equity and liabilities | 10/49 | €223,808 | €189,266 | -€34,542 | -15.4% |
| Equity | 10/15 | €217,795 | €188,892 | -€28,903 | -13.3% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €26,959 | €26,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,959 | €26,959 | = | 0.0% |
| Legal reserve | 130 | €26,959 | €26,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,164 | -€288,068 | -€28,903 | -11.2% |
| Amounts payable | 17/49 | €6,013 | €374 | -€5,639 | -93.8% |
| Amounts payable within one year | 42/48 | €6,013 | €374 | -€5,639 | -93.8% |
| Trade debts | 44 | €460 | €355 | -€105 | -22.9% |
| Suppliers | 440/4 | €460 | €355 | -€105 | -22.9% |
| Advances received on contracts in progress | 46 | €282 | - | -€282 | |
| Taxes, remuneration and social security | 45 | €5,271 | €19 | -€5,252 | -99.6% |
| Taxes | 450/3 | €5,271 | €19 | -€5,252 | -99.6% |
| Non-recurring operating income | 76A | - | €9,033 | +€9,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,701 | €31,505 | -€11,196 | -26.2% |
| Other operating charges | 640/8 | €159,770 | €344 | -€159,425 | -99.8% |
| Non-recurring operating charges | 66A | - | €7,773 | +€7,773 | |
| Gross operating margin | 9900 | €4,014 | €10,374 | +€6,360 | +158% |
| Operating profit (loss) | 9901 | -€198,456 | -€29,248 | +€169,208 | +85.3% |
| Financial income | 75/76B | €2,081 | €408 | -€1,673 | -80.4% |
| Recurring financial income | 75 | €2,081 | €408 | -€1,673 | -80.4% |
| Financial charges | 65/66B | €5,464 | €45 | -€5,419 | -99.2% |
| Recurring financial charges | 65 | €5,464 | €45 | -€5,419 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€201,839 | -€28,884 | +€172,955 | +85.7% |
| Income taxes | 67/77 | €128 | €19 | -€109 | -85.0% |
| Profit (loss) for the period | 9904 | -€201,967 | -€28,903 | +€173,064 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€201,967 | -€28,903 | +€173,064 | +85.7% |
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 18 October 2026 via checked.be.