La Cadrerie: 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.
La Cadrerie
Largest movements
- Cash -€12,830
down €12,830 (-17.6%), from €72,809 to €59,979
mainly Investment in fixed assets (net) (-€17,448) and Other debts (-€10,000)
- Stocks and contracts +€5,825
up €5,825 (+9.8%), from €59,714 to €65,538
- Tangible fixed assets +€4,868
up €4,868 (+15.1%), from €32,316 to €37,184
of which Plant, machinery and equipment: +€6,326
- Financial fixed assets +€3,600
new in 2025: €3,600
- Deferred charges and accrued income +€2,633
up €2,633 (+82.8%), from €3,181 to €5,814
- Reserves +€17,000
up €17,000 (+25.6%), from €66,410 to €83,410
of which Distributable reserves: +€17,000
- Other debts -€10,000
down €10,000 (-37.3%), from €26,774 to €16,774
- Debts after one year -€4,031
down €4,031 (-36.7%), from €10,972 to €6,941
- Trade debts +€2,391
up €2,391 (+29.4%), from €8,133 to €10,524
- Gross operating margin +€9,166
up €9,166 (+17.7%), from €51,925 to €61,091
- Depreciation +€1,529
up €1,529 (+20.5%), from €7,450 to €8,980
- Taxes +€1,476
up €1,476 (+27.7%), from €5,330 to €6,806
- Staff costs -€618
down €618 (-2.2%), from €28,313 to €27,694
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 | €168,629 | €173,554 | +€4,925 | +2.9% |
| Fixed assets | 21/28 | €32,316 | €40,784 | +€8,468 | +26.2% |
| Tangible fixed assets | 22/27 | €32,316 | €37,184 | +€4,868 | +15.1% |
| Plant, machinery and equipment | 23 | €2,605 | €8,931 | +€6,326 | +243% |
| Furniture and vehicles | 24 | €21,374 | €15,486 | -€5,888 | -27.5% |
| Other tangible fixed assets | 26 | €8,337 | €12,767 | +€4,431 | +53.1% |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €136,314 | €132,770 | -€3,543 | -2.6% |
| Stocks and contracts in progress | 3 | €59,714 | €65,538 | +€5,825 | +9.8% |
| Stocks | 30/36 | €59,714 | €65,538 | +€5,825 | +9.8% |
| Amounts receivable within one year | 40/41 | €610 | €1,439 | +€829 | +136% |
| Trade receivables | 40 | €610 | €1,439 | +€829 | +136% |
| Cash at bank and in hand | 54/58 | €72,809 | €59,979 | -€12,830 | -17.6% |
| Deferred charges and accrued income | 490/1 | €3,181 | €5,814 | +€2,633 | +82.8% |
| Total equity and liabilities | 10/49 | €168,629 | €173,554 | +€4,925 | +2.9% |
| Equity | 10/15 | €99,305 | €116,528 | +€17,223 | +17.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €66,410 | €83,410 | +€17,000 | +25.6% |
| Non-distributable reserves | 130/1 | €3,410 | €3,410 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,410 | €3,410 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €80,000 | +€17,000 | +27.0% |
| Profit (loss) carried forward | 14 | €1,895 | €2,118 | +€223 | +11.8% |
| Amounts payable | 17/49 | €69,324 | €57,026 | -€12,298 | -17.7% |
| Amounts payable after more than one year | 17 | €10,972 | €6,941 | -€4,031 | -36.7% |
| Financial debts | 170/4 | €10,972 | €6,941 | -€4,031 | -36.7% |
| Amounts payable within one year | 42/48 | €55,695 | €47,344 | -€8,351 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €3,933 | €4,031 | +€98 | +2.5% |
| Trade debts | 44 | €8,133 | €10,524 | +€2,391 | +29.4% |
| Suppliers | 440/4 | €8,133 | €10,524 | +€2,391 | +29.4% |
| Taxes, remuneration and social security | 45 | €16,855 | €16,015 | -€840 | -5.0% |
| Taxes | 450/3 | €9,369 | €9,987 | +€618 | +6.6% |
| Remuneration and social security | 454/9 | €7,486 | €6,028 | -€1,458 | -19.5% |
| Other amounts payable | 47/48 | €26,774 | €16,774 | -€10,000 | -37.3% |
| Accrued charges and deferred income | 492/3 | €2,658 | €2,741 | +€83 | +3.1% |
| Non-recurring operating income | 76A | - | €84 | +€84 | |
| Remuneration, social security and pensions | 62 | €28,313 | €27,694 | -€618 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,450 | €8,980 | +€1,529 | +20.5% |
| Other operating charges | 640/8 | €1,109 | €1,375 | +€266 | +24.0% |
| Non-recurring operating charges | 66A | €84 | - | -€84 | |
| Gross operating margin | 9900 | €51,925 | €61,091 | +€9,166 | +17.7% |
| Operating profit (loss) | 9901 | €14,969 | €23,041 | +€8,073 | +53.9% |
| Financial income | 75/76B | €2,108 | €1,983 | -€125 | -5.9% |
| Recurring financial income | 75 | €2,108 | €1,983 | -€125 | -5.9% |
| Financial charges | 65/66B | €820 | €995 | +€175 | +21.4% |
| Recurring financial charges | 65 | €820 | €995 | +€175 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €16,257 | €24,029 | +€7,772 | +47.8% |
| Income taxes | 67/77 | €5,330 | €6,806 | +€1,476 | +27.7% |
| Profit (loss) for the period | 9904 | €10,927 | €17,223 | +€6,296 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,927 | €17,223 | +€6,296 | +57.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.