MODES KADARIN: 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.
MODES KADARIN
Largest movements
- Tangible fixed assets -€18,984
down €18,984 (-9.6%), from €198,291 to €179,308
of which Land and buildings: -€16,946
- Stocks and contracts -€7,495
down €7,495 (-4.3%), from €174,192 to €166,696
- Debts after one year -€25,701
down €25,701 (-20.4%), from €126,017 to €100,315
- Other debts -€14,601
down €14,601 (-43.6%), from €33,518 to €18,917
- Trade debts +€7,395
up €7,395 (+49.4%), from €14,960 to €22,356
- Reserves +€4,234
up €4,234 (+6.9%), from €61,596 to €65,830
of which Distributable reserves: +€4,234
- Write-downs +€17,446
up €17,446, from -€8,116 to €9,330
- Taxes -€8,385
down €8,385 (-77.8%), from €10,778 to €2,393
- Staff costs -€5,361
down €5,361 (-77.6%), from €6,912 to €1,550
- Financial charges -€3,051
down €3,051 (-31.7%), from €9,626 to €6,575
- Other operating charges +€664
up €664 (+33.0%), from €2,012 to €2,676
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 | €378,763 | €354,383 | -€24,380 | -6.4% |
| Fixed assets | 21/28 | €198,291 | €179,308 | -€18,984 | -9.6% |
| Tangible fixed assets | 22/27 | €198,291 | €179,308 | -€18,984 | -9.6% |
| Land and buildings | 22 | €192,111 | €175,165 | -€16,946 | -8.8% |
| Furniture and vehicles | 24 | €6,180 | €4,142 | -€2,038 | -33.0% |
| Current assets | 29/58 | €180,472 | €175,075 | -€5,397 | -3.0% |
| Stocks and contracts in progress | 3 | €174,192 | €166,696 | -€7,495 | -4.3% |
| Stocks | 30/36 | €174,192 | €166,696 | -€7,495 | -4.3% |
| Amounts receivable within one year | 40/41 | €2,371 | €1,336 | -€1,035 | -43.7% |
| Other amounts receivable | 41 | €2,371 | €1,336 | -€1,035 | -43.7% |
| Cash at bank and in hand | 54/58 | - | €2,705 | +€2,705 | |
| Deferred charges and accrued income | 490/1 | €3,909 | €4,337 | +€429 | +11.0% |
| Total equity and liabilities | 10/49 | €378,763 | €354,383 | -€24,380 | -6.4% |
| Equity | 10/15 | €154,675 | €158,909 | +€4,234 | +2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,596 | €65,830 | +€4,234 | +6.9% |
| Tax-exempt reserves | 132 | €4,571 | €4,571 | = | 0.0% |
| Distributable reserves | 133 | €57,025 | €61,259 | +€4,234 | +7.4% |
| Profit (loss) carried forward | 14 | €74,487 | €74,487 | = | 0.0% |
| Amounts payable | 17/49 | €224,088 | €195,474 | -€28,614 | -12.8% |
| Amounts payable after more than one year | 17 | €126,017 | €100,315 | -€25,701 | -20.4% |
| Financial debts | 170/4 | €126,017 | €100,315 | -€25,701 | -20.4% |
| Amounts payable within one year | 42/48 | €98,072 | €94,742 | -€3,330 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €25,347 | €25,701 | +€354 | +1.4% |
| Financial debts | 43 | €2,772 | €6,331 | +€3,559 | +128.4% |
| Credit institutions | 430/8 | €2,772 | €6,331 | +€3,559 | +128.4% |
| Trade debts | 44 | €14,960 | €22,356 | +€7,395 | +49.4% |
| Suppliers | 440/4 | €14,960 | €22,356 | +€7,395 | +49.4% |
| Taxes, remuneration and social security | 45 | €21,474 | €21,437 | -€37 | -0.2% |
| Taxes | 450/3 | €21,258 | €21,437 | +€179 | +0.8% |
| Remuneration and social security | 454/9 | €215 | €0 | -€215 | -100.0% |
| Other amounts payable | 47/48 | €33,518 | €18,917 | -€14,601 | -43.6% |
| Accrued charges and deferred income | 492/3 | - | €416 | +€416 | |
| Remuneration, social security and pensions | 62 | €6,912 | €1,550 | -€5,361 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,267 | €21,658 | +€390 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,116 | €9,330 | +€17,446 | |
| Other operating charges | 640/8 | €2,012 | €2,676 | +€664 | +33.0% |
| Gross operating margin | 9900 | €48,554 | €48,260 | -€294 | -0.6% |
| Operating profit (loss) | 9901 | €26,479 | €13,047 | -€13,432 | -50.7% |
| Financial income | 75/76B | €17 | €156 | +€139 | +842.7% |
| Recurring financial income | 75 | €17 | €156 | +€139 | +842.7% |
| Financial charges | 65/66B | €9,626 | €6,575 | -€3,051 | -31.7% |
| Recurring financial charges | 65 | €9,626 | €6,575 | -€3,051 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €16,870 | €6,627 | -€10,243 | -60.7% |
| Income taxes | 67/77 | €10,778 | €2,393 | -€8,385 | -77.8% |
| Profit (loss) for the period | 9904 | €6,092 | €4,234 | -€1,858 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,092 | €4,234 | -€1,858 | -30.5% |
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 6 October 2026 via checked.be.