KADUCK: 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.
KADUCK
Largest movements
- Financial fixed assets +€32,068
up €32,068 (+21.4%), from €150,019 to €182,086
- Other debts +€83,781
up €83,781 (+13,940%), from €601 to €84,382
- Debts after one year -€42,819
down €42,819 (-23.3%), from €184,133 to €141,314
- Profit (loss) carried forward -€12,779
down €12,779 (-121%), from -€10,549 to -€23,328
- Trade debts +€4,126
new in 2025: €4,126
- Gross operating margin -€3,969
down €3,969 (-1,497%), from -€265 to -€4,234
- Financial charges +€1,841
up €1,841 (+31.4%), from €5,865 to €7,706
of which Non-recurring financial charges: +€2,519
- Other operating charges +€52
up €52 (+6.6%), from €787 to €838
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 | €175,185 | €207,494 | +€32,310 | +18.4% |
| Fixed assets | 21/28 | €150,019 | €182,086 | +€32,068 | +21.4% |
| Financial fixed assets | 28 | €150,019 | €182,086 | +€32,068 | +21.4% |
| Current assets | 29/58 | €25,166 | €25,408 | +€242 | +1.0% |
| Current investments | 50/53 | €24,996 | €24,996 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €170 | €411 | +€242 | +143% |
| Total equity and liabilities | 10/49 | €175,185 | €207,494 | +€32,310 | +18.4% |
| Equity | 10/15 | -€9,549 | -€22,328 | -€12,779 | -134% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,549 | -€23,328 | -€12,779 | -121% |
| Amounts payable | 17/49 | €184,734 | €229,822 | +€45,088 | +24.4% |
| Amounts payable after more than one year | 17 | €184,133 | €141,314 | -€42,819 | -23.3% |
| Financial debts | 170/4 | €184,133 | €141,314 | -€42,819 | -23.3% |
| Amounts payable within one year | 42/48 | €601 | €88,508 | +€87,907 | +14,627% |
| Trade debts | 44 | - | €4,126 | +€4,126 | |
| Suppliers | 440/4 | - | €4,126 | +€4,126 | |
| Other amounts payable | 47/48 | €601 | €84,382 | +€83,781 | +13,940% |
| Other operating charges | 640/8 | €787 | €838 | +€52 | +6.6% |
| Gross operating margin | 9900 | -€265 | -€4,234 | -€3,969 | -1,497% |
| Operating profit (loss) | 9901 | -€1,052 | -€5,073 | -€4,021 | -382% |
| Financial charges | 65/66B | €5,865 | €7,706 | +€1,841 | +31.4% |
| Recurring financial charges | 65 | €5,865 | €5,187 | -€678 | -11.6% |
| Non-recurring financial charges | 66B | - | €2,519 | +€2,519 | |
| Profit (loss) for the period before taxes | 9903 | -€6,917 | -€12,779 | -€5,862 | -84.7% |
| Profit (loss) for the period | 9904 | -€6,917 | -€12,779 | -€5,862 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,917 | -€12,779 | -€5,862 | -84.7% |
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 17 October 2026 via checked.be.