KEDAKE: 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.
KEDAKE
Largest movements
- Stocks and contracts -€14,441
down €14,441 (-34.4%), from €41,943 to €27,502
- Tangible fixed assets +€4,817
up €4,817 (+89.6%), from €5,379 to €10,196
- Cash -€1,639
down €1,639 (-77.1%), from €2,125 to €486
mainly Net result for the year (-€13,395) and Investment in fixed assets (net) (-€7,558)
- Profit (loss) carried forward -€13,395
down €13,395, from €6,663 to -€6,732
- Accrued charges and deferred income +€6,300
up €6,300 (+300%), from €2,100 to €8,400
- Trade debts -€4,193
down €4,193 (-95.8%), from €4,374 to €182
- Short-term financial debts +€754
new in 2025: €754
- Tax, wage and social debts -€730
down €730 (-59.8%), from €1,220 to €490
- Gross operating margin -€6,249
down €6,249 (-123%), from -€5,065 to -€11,314
- Financial income +€1,415
up €1,415 (+456,368%), from €0 to €1,415
- Depreciation +€1,356
up €1,356 (+97.9%), from €1,385 to €2,741
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 | €50,955 | €39,692 | -€11,263 | -22.1% |
| Fixed assets | 21/28 | €5,379 | €10,196 | +€4,817 | +89.6% |
| Tangible fixed assets | 22/27 | €5,379 | €10,196 | +€4,817 | +89.6% |
| Plant, machinery and equipment | 23 | €5,379 | €10,196 | +€4,817 | +89.6% |
| Current assets | 29/58 | €45,576 | €29,496 | -€16,080 | -35.3% |
| Stocks and contracts in progress | 3 | €41,943 | €27,502 | -€14,441 | -34.4% |
| Stocks | 30/36 | €41,943 | €27,502 | -€14,441 | -34.4% |
| Amounts receivable within one year | 40/41 | €1,508 | €1,508 | = | 0.0% |
| Trade receivables | 40 | €379 | €379 | = | 0.0% |
| Other amounts receivable | 41 | €1,129 | €1,129 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,125 | €486 | -€1,639 | -77.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €50,955 | €39,692 | -€11,263 | -22.1% |
| Equity | 10/15 | €12,863 | -€532 | -€13,395 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,663 | -€6,732 | -€13,395 | |
| Amounts payable | 17/49 | €38,092 | €40,224 | +€2,132 | +5.6% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,992 | €6,824 | -€4,168 | -37.9% |
| Financial debts | 43 | - | €754 | +€754 | |
| Credit institutions | 430/8 | - | €754 | +€754 | |
| Trade debts | 44 | €4,374 | €182 | -€4,193 | -95.8% |
| Suppliers | 440/4 | €4,374 | €182 | -€4,193 | -95.8% |
| Taxes, remuneration and social security | 45 | €1,220 | €490 | -€730 | -59.8% |
| Taxes | 450/3 | €1,220 | €490 | -€730 | -59.8% |
| Other amounts payable | 47/48 | €5,397 | €5,397 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,100 | €8,400 | +€6,300 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,385 | €2,741 | +€1,356 | +97.9% |
| Other operating charges | 640/8 | €534 | €462 | -€73 | -13.6% |
| Gross operating margin | 9900 | -€5,065 | -€11,314 | -€6,249 | -123% |
| Operating profit (loss) | 9901 | -€6,985 | -€14,517 | -€7,532 | -108% |
| Financial income | 75/76B | €0 | €1,415 | +€1,415 | +456,368% |
| Recurring financial income | 75 | €0 | €1,415 | +€1,415 | +456,368% |
| Financial charges | 65/66B | €362 | €293 | -€69 | -19.0% |
| Recurring financial charges | 65 | €362 | €293 | -€69 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,346 | -€13,395 | -€6,048 | -82.3% |
| Profit (loss) for the period | 9904 | -€7,346 | -€13,395 | -€6,048 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,346 | -€13,395 | -€6,048 | -82.3% |
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 15 October 2026 via checked.be.