KADSYS: 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.
KADSYS
Largest movements
- Receivables within one year -€33,232
down €33,232 (-11.2%), from €297,120 to €263,887
of which Trade receivables: -€33,232
- Cash +€8,604
new in 2024: €8,604
mainly Net result for the year (+€47,819) and Receivables within one year (+€33,232)
- Tax, wage and social debts -€59,026
down €59,026 (-50.5%), from €116,951 to €57,924
- Reserves +€47,819
up €47,819 (+25.3%), from €188,921 to €236,741
of which Distributable reserves: +€47,819
- Short-term financial debts -€12,527
no longer reported in 2024 (was €12,527)
- Gross operating margin +€28,962
up €28,962 (+90.6%), from €31,959 to €60,921
- Taxes +€11,139
up €11,139 (+80.8%), from €13,782 to €24,921
- Financial charges -€4,407
down €4,407 (-86.1%), from €5,117 to €709
- Other operating charges -€2,620
down €2,620 (-69.2%), from €3,785 to €1,165
- Financial income -€1,099
down €1,099 (-7.4%), from €14,792 to €13,693
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,309 | €505,780 | -€22,529 | -4.3% |
| Current assets | 29/58 | €528,309 | €505,780 | -€22,529 | -4.3% |
| Amounts receivable after more than one year | 29 | €231,189 | €233,289 | +€2,100 | +0.9% |
| Other amounts receivable | 291 | €231,189 | €233,289 | +€2,100 | +0.9% |
| Amounts receivable within one year | 40/41 | €297,120 | €263,887 | -€33,232 | -11.2% |
| Trade receivables | 40 | €55,898 | €22,666 | -€33,232 | -59.5% |
| Other amounts receivable | 41 | €241,222 | €241,221 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | - | €8,604 | +€8,604 | |
| Total equity and liabilities | 10/49 | €528,309 | €505,780 | -€22,529 | -4.3% |
| Equity | 10/15 | €385,196 | €433,015 | +€47,819 | +12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €188,921 | €236,741 | +€47,819 | +25.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €187,061 | €234,881 | +€47,819 | +25.6% |
| Profit (loss) carried forward | 14 | €183,874 | €183,874 | = | 0.0% |
| Amounts payable | 17/49 | €143,113 | €72,765 | -€70,348 | -49.2% |
| Amounts payable within one year | 42/48 | €143,113 | €72,765 | -€70,348 | -49.2% |
| Financial debts | 43 | €12,527 | - | -€12,527 | |
| Credit institutions | 430/8 | €12,527 | - | -€12,527 | |
| Trade debts | 44 | €13,635 | €14,841 | +€1,206 | +8.8% |
| Suppliers | 440/4 | €13,635 | €14,841 | +€1,206 | +8.8% |
| Taxes, remuneration and social security | 45 | €116,951 | €57,924 | -€59,026 | -50.5% |
| Taxes | 450/3 | €116,951 | €57,924 | -€59,026 | -50.5% |
| Other operating charges | 640/8 | €3,785 | €1,165 | -€2,620 | -69.2% |
| Gross operating margin | 9900 | €31,959 | €60,921 | +€28,962 | +90.6% |
| Operating profit (loss) | 9901 | €28,175 | €59,756 | +€31,582 | +112.1% |
| Financial income | 75/76B | €14,792 | €13,693 | -€1,099 | -7.4% |
| Recurring financial income | 75 | €14,792 | €13,693 | -€1,099 | -7.4% |
| Financial charges | 65/66B | €5,117 | €709 | -€4,407 | -86.1% |
| Recurring financial charges | 65 | €5,117 | €709 | -€4,407 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €37,850 | €72,740 | +€34,890 | +92.2% |
| Income taxes | 67/77 | €13,782 | €24,921 | +€11,139 | +80.8% |
| Profit (loss) for the period | 9904 | €24,067 | €47,819 | +€23,752 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,067 | €47,819 | +€23,752 | +98.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.