KADRAL: 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.
KADRAL
Largest movements
- Cash -€41,299
down €41,299 (-64.5%), from €64,004 to €22,705
mainly Receivables within one year (-€39,466) and Net result for the year (-€1,159)
- Receivables within one year +€39,466
up €39,466 (+3954.2%), from €998 to €40,464
of which Other amounts receivable: +€39,419
- Profit (loss) carried forward -€1,159
down €1,159 (-0.3%), from -€334,350 to -€335,510
- Financial income -€3,472
no longer reported in 2025 (was €3,472)
- Gross operating margin +€1,989
up €1,989 (+76.6%), from -€2,596 to -€607
- Write-downs -€1,861
no longer reported in 2025 (was €1,861)
- Other operating charges -€115
down €115 (-22.3%), from €514 to €400
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 | €71,233 | €69,400 | -€1,833 | -2.6% |
| Fixed assets | 21/28 | €3,720 | €3,720 | = | 0.0% |
| Financial fixed assets | 28 | €3,720 | €3,720 | = | 0.0% |
| Current assets | 29/58 | €67,513 | €65,680 | -€1,833 | -2.7% |
| Stocks and contracts in progress | 3 | €2,511 | €2,511 | = | 0.0% |
| Stocks | 30/36 | €2,511 | €2,511 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €998 | €40,464 | +€39,466 | +3954.2% |
| Trade receivables | 40 | - | €47 | +€47 | |
| Other amounts receivable | 41 | €998 | €40,417 | +€39,419 | +3949.5% |
| Cash at bank and in hand | 54/58 | €64,004 | €22,705 | -€41,299 | -64.5% |
| Total equity and liabilities | 10/49 | €71,233 | €69,400 | -€1,833 | -2.6% |
| Equity | 10/15 | €70,560 | €69,400 | -€1,159 | -1.6% |
| Contributions | 10/11 | €404,786 | €404,786 | = | 0.0% |
| Capital | 10 | €404,786 | €404,786 | = | 0.0% |
| Issued capital | 100 | €404,786 | €404,786 | = | 0.0% |
| Reserves | 13 | €124 | €124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €124 | €124 | = | 0.0% |
| Legal reserve | 130 | €124 | €124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,350 | -€335,510 | -€1,159 | -0.3% |
| Amounts payable | 17/49 | €674 | - | -€674 | |
| Amounts payable within one year | 42/48 | €674 | - | -€674 | |
| Trade debts | 44 | €674 | - | -€674 | |
| Suppliers | 440/4 | €674 | - | -€674 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,861 | - | -€1,861 | |
| Other operating charges | 640/8 | €514 | €400 | -€115 | -22.3% |
| Gross operating margin | 9900 | -€2,596 | -€607 | +€1,989 | +76.6% |
| Operating profit (loss) | 9901 | -€4,972 | -€1,006 | +€3,965 | +79.8% |
| Financial income | 75/76B | €3,472 | - | -€3,472 | |
| Recurring financial income | 75 | €3,472 | - | -€3,472 | |
| Financial charges | 65/66B | €152 | €153 | +€2 | +1.0% |
| Recurring financial charges | 65 | €152 | €153 | +€2 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,651 | -€1,159 | +€492 | +29.8% |
| Profit (loss) for the period | 9904 | -€1,651 | -€1,159 | +€492 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,651 | -€1,159 | +€492 | +29.8% |
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 3 October 2026 via checked.be.