’t K@DEEKE: 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.
’t K@DEEKE
Largest movements
- Tangible fixed assets -€119,650
down €119,650 (-71.8%), from €166,596 to €46,946
of which Leasing and similar rights: -€123,386
- Cash +€36,514
up €36,514 (+54.1%), from €67,529 to €104,043
mainly Investment in fixed assets (net) (+€107,948) and Net result for the year (+€35,930)
- Debts after one year -€110,029
down €110,029 (-94.5%), from €116,411 to €6,382
- Reserves +€36,483
up €36,483 (+100%), from €36,313 to €72,797
- Tax, wage and social debts +€22,832
up €22,832 (+108%), from €21,186 to €44,018
of which Taxes: +€21,827
- Current portion of long-term debt -€17,120
down €17,120 (-73.6%), from €23,270 to €6,150
- Trade debts -€11,633
down €11,633 (-63.4%), from €18,358 to €6,725
- Gross operating margin +€9,198
up €9,198 (+7.9%), from €116,052 to €125,250
- Taxes +€4,743
up €4,743 (+30.2%), from €15,701 to €20,444
- Staff costs +€4,552
up €4,552 (+10.9%), from €41,773 to €46,326
- Financial charges +€2,917
up €2,917 (+68.2%), from €4,276 to €7,193
- Depreciation -€2,700
down €2,700 (-19.6%), from €13,806 to €11,106
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 | €235,875 | €154,796 | -€81,080 | -34.4% |
| Fixed assets | 21/28 | €166,746 | €47,693 | -€119,054 | -71.4% |
| Tangible fixed assets | 22/27 | €166,596 | €46,946 | -€119,650 | -71.8% |
| Plant, machinery and equipment | 23 | €17,949 | €23,764 | +€5,815 | +32.4% |
| Furniture and vehicles | 24 | €25,261 | €23,182 | -€2,079 | -8.2% |
| Leasing and similar rights | 25 | €123,386 | - | -€123,386 | |
| Financial fixed assets | 28 | €150 | €746 | +€596 | +397% |
| Current assets | 29/58 | €69,129 | €107,103 | +€37,974 | +54.9% |
| Amounts receivable within one year | 40/41 | €1,183 | €894 | -€289 | -24.5% |
| Trade receivables | 40 | €1,183 | €894 | -€289 | -24.5% |
| Cash at bank and in hand | 54/58 | €67,529 | €104,043 | +€36,514 | +54.1% |
| Deferred charges and accrued income | 490/1 | €417 | €2,166 | +€1,749 | +420% |
| Total equity and liabilities | 10/49 | €235,875 | €154,796 | -€81,080 | -34.4% |
| Equity | 10/15 | €39,313 | €75,797 | +€36,483 | +92.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,313 | €72,797 | +€36,483 | +100% |
| Distributable reserves | 133 | €36,313 | €72,797 | +€36,483 | +100% |
| Amounts payable | 17/49 | €196,562 | €78,999 | -€117,563 | -59.8% |
| Amounts payable after more than one year | 17 | €116,411 | €6,382 | -€110,029 | -94.5% |
| Financial debts | 170/4 | €116,411 | €6,382 | -€110,029 | -94.5% |
| Amounts payable within one year | 42/48 | €80,151 | €72,617 | -€7,534 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €23,270 | €6,150 | -€17,120 | -73.6% |
| Trade debts | 44 | €18,358 | €6,725 | -€11,633 | -63.4% |
| Suppliers | 440/4 | €18,358 | €6,725 | -€11,633 | -63.4% |
| Taxes, remuneration and social security | 45 | €21,186 | €44,018 | +€22,832 | +108% |
| Taxes | 450/3 | €15,701 | €37,529 | +€21,827 | +139% |
| Remuneration and social security | 454/9 | €5,485 | €6,489 | +€1,005 | +18.3% |
| Other amounts payable | 47/48 | €17,336 | €15,724 | -€1,613 | -9.3% |
| Remuneration, social security and pensions | 62 | €41,773 | €46,326 | +€4,552 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,806 | €11,106 | -€2,700 | -19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €166 | +€166 | |
| Other operating charges | 640/8 | €4,185 | €4,875 | +€690 | +16.5% |
| Gross operating margin | 9900 | €116,052 | €125,250 | +€9,198 | +7.9% |
| Operating profit (loss) | 9901 | €56,288 | €62,777 | +€6,489 | +11.5% |
| Financial income | 75/76B | €3 | €790 | +€787 | +25,802% |
| Recurring financial income | 75 | €3 | €790 | +€787 | +25,802% |
| Financial charges | 65/66B | €4,276 | €7,193 | +€2,917 | +68.2% |
| Recurring financial charges | 65 | €4,276 | €7,193 | +€2,917 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €52,015 | €56,374 | +€4,359 | +8.4% |
| Income taxes | 67/77 | €15,701 | €20,444 | +€4,743 | +30.2% |
| Profit (loss) for the period | 9904 | €36,313 | €35,930 | -€384 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,313 | €35,930 | -€384 | -1.1% |
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 24 October 2026 via checked.be.