Kadrive: 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.
Kadrive
Largest movements
- Receivables within one year +€58,924
up €58,924 (+64.2%), from €91,833 to €150,757
of which Trade receivables: +€56,407
- Cash +€45,851
up €45,851 (+101.5%), from €45,156 to €91,007
mainly Net result for the year (+€178,997) and Depreciation (+€12,732)
- Tangible fixed assets +€30,926
up €30,926 (+386.6%), from €8,000 to €38,926
of which Plant, machinery and equipment: +€16,522
- Receivables after one year +€18,600
new in 2025: €18,600
- Stocks and contracts +€13,618
up €13,618 (+53.8%), from €25,315 to €38,933
- Profit (loss) carried forward +€178,997
up €178,997 (+140.9%), from €127,078 to €306,075
- Tax, wage and social debts -€4,369
down €4,369 (-13.8%), from €31,618 to €27,249
- Turnover +€137,184
up €137,184 (+24.1%), from €568,650 to €705,834
- Gross operating margin +€76,756
up €76,756 (+43.5%), from €176,266 to €253,022
- Purchases and services +€64,428
up €64,428 (+16.5%), from €390,384 to €454,812
- Taxes +€15,362
up €15,362 (+35.2%), from €43,637 to €58,999
- Depreciation +€10,732
up €10,732 (+536.6%), from €2,000 to €12,732
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 | €175,237 | €347,143 | +€171,906 | +98.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,000 | €38,926 | +€30,926 | +386.6% |
| Tangible fixed assets | 22/27 | €8,000 | €38,926 | +€30,926 | +386.6% |
| Plant, machinery and equipment | 23 | €8,000 | €24,522 | +€16,522 | +206.5% |
| Furniture and vehicles | 24 | - | €14,404 | +€14,404 | |
| Current assets | 29/58 | €167,237 | €308,217 | +€140,980 | +84.3% |
| Amounts receivable after more than one year | 29 | - | €18,600 | +€18,600 | |
| Trade receivables | 290 | - | €18,600 | +€18,600 | |
| Stocks and contracts in progress | 3 | €25,315 | €38,933 | +€13,618 | +53.8% |
| Stocks | 30/36 | €25,315 | €38,933 | +€13,618 | +53.8% |
| Amounts receivable within one year | 40/41 | €91,833 | €150,757 | +€58,924 | +64.2% |
| Trade receivables | 40 | €89,770 | €146,177 | +€56,407 | +62.8% |
| Other amounts receivable | 41 | €2,063 | €4,580 | +€2,517 | +122.0% |
| Cash at bank and in hand | 54/58 | €45,156 | €91,007 | +€45,851 | +101.5% |
| Deferred charges and accrued income | 490/1 | €4,933 | €8,920 | +€3,987 | +80.8% |
| Total equity and liabilities | 10/49 | €175,237 | €347,143 | +€171,906 | +98.1% |
| Equity | 10/15 | €131,078 | €310,075 | +€178,997 | +136.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,078 | €306,075 | +€178,997 | +140.9% |
| Amounts payable | 17/49 | €44,159 | €37,068 | -€7,091 | -16.1% |
| Amounts payable within one year | 42/48 | €44,159 | €37,068 | -€7,091 | -16.1% |
| Trade debts | 44 | €12,541 | €9,819 | -€2,722 | -21.7% |
| Suppliers | 440/4 | €12,541 | €9,819 | -€2,722 | -21.7% |
| Taxes, remuneration and social security | 45 | €31,618 | €27,249 | -€4,369 | -13.8% |
| Taxes | 450/3 | €31,618 | €27,249 | -€4,369 | -13.8% |
| Turnover | 70 | €568,650 | €705,834 | +€137,184 | +24.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €390,384 | €454,812 | +€64,428 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €12,732 | +€10,732 | +536.6% |
| Other operating charges | 640/8 | €389 | €735 | +€346 | +88.9% |
| Gross operating margin | 9900 | €176,266 | €253,022 | +€76,756 | +43.5% |
| Operating profit (loss) | 9901 | €173,877 | €239,555 | +€65,678 | +37.8% |
| Financial charges | 65/66B | €1,329 | €1,559 | +€230 | +17.3% |
| Recurring financial charges | 65 | €1,329 | €1,559 | +€230 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €172,548 | €237,996 | +€65,448 | +37.9% |
| Income taxes | 67/77 | €43,637 | €58,999 | +€15,362 | +35.2% |
| Profit (loss) for the period | 9904 | €128,911 | €178,997 | +€50,086 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €128,911 | €178,997 | +€50,086 | +38.9% |
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 29 September 2026 via checked.be.