KADDOURI: 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.
KADDOURI
Largest movements
- Tangible fixed assets -€24,656
down €24,656 (-19.4%), from €127,340 to €102,684
of which Furniture and vehicles: -€17,450
- Cash -€8,814
down €8,814 (-23.6%), from €37,335 to €28,521
mainly Debts after one year (-€28,757) and Tax, wage and social debts (-€12,933)
- Receivables within one year +€4,819
up €4,819 (+2.2%), from €219,337 to €224,156
of which Trade receivables: +€11,754
- Debts after one year -€28,757
down €28,757 (-28.4%), from €101,308 to €72,551
- Current portion of long-term debt +€16,806
up €16,806 (+425%), from €3,953 to €20,759
- Tax, wage and social debts -€12,933
down €12,933 (-61.0%), from €21,191 to €8,258
of which Remuneration and social security: -€12,190
- Other debts +€4,505
new in 2024: €4,505
- Gross operating margin +€27,820
up €27,820 (+44.0%), from €63,240 to €91,059
- Staff costs +€15,788
up €15,788 (+44.5%), from €35,487 to €51,274
- Financial charges +€10,357
up €10,357 (+1,508%), from €687 to €11,044
- Depreciation +€4,442
up €4,442 (+22.0%), from €20,214 to €24,656
- Other operating charges -€3,865
down €3,865 (-57.9%), from €6,669 to €2,805
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,376 | €423,831 | -€26,545 | -5.9% |
| Fixed assets | 21/28 | €129,540 | €104,884 | -€24,656 | -19.0% |
| Tangible fixed assets | 22/27 | €127,340 | €102,684 | -€24,656 | -19.4% |
| Land and buildings | 22 | €63,725 | €56,519 | -€7,206 | -11.3% |
| Furniture and vehicles | 24 | €63,615 | €46,165 | -€17,450 | -27.4% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €320,836 | €318,946 | -€1,889 | -0.6% |
| Stocks and contracts in progress | 3 | €63,250 | €63,250 | = | 0.0% |
| Stocks | 30/36 | €63,250 | €63,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €219,337 | €224,156 | +€4,819 | +2.2% |
| Trade receivables | 40 | €207,245 | €218,999 | +€11,754 | +5.7% |
| Other amounts receivable | 41 | €12,092 | €5,157 | -€6,935 | -57.4% |
| Cash at bank and in hand | 54/58 | €37,335 | €28,521 | -€8,814 | -23.6% |
| Deferred charges and accrued income | 490/1 | €914 | €3,019 | +€2,105 | +230% |
| Total equity and liabilities | 10/49 | €450,376 | €423,831 | -€26,545 | -5.9% |
| Equity | 10/15 | €234,107 | €231,480 | -€2,627 | -1.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €231,860 | €231,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,003 | -€6,630 | -€2,627 | -65.6% |
| Amounts payable | 17/49 | €216,269 | €192,350 | -€23,918 | -11.1% |
| Amounts payable after more than one year | 17 | €101,308 | €72,551 | -€28,757 | -28.4% |
| Financial debts | 170/4 | €101,308 | €72,551 | -€28,757 | -28.4% |
| Amounts payable within one year | 42/48 | €114,960 | €119,799 | +€4,839 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €3,953 | €20,759 | +€16,806 | +425% |
| Trade debts | 44 | €89,816 | €86,277 | -€3,540 | -3.9% |
| Suppliers | 440/4 | €89,816 | €86,277 | -€3,540 | -3.9% |
| Taxes, remuneration and social security | 45 | €21,191 | €8,258 | -€12,933 | -61.0% |
| Taxes | 450/3 | €3,779 | €3,036 | -€744 | -19.7% |
| Remuneration and social security | 454/9 | €17,412 | €5,222 | -€12,190 | -70.0% |
| Other amounts payable | 47/48 | - | €4,505 | +€4,505 | |
| Remuneration, social security and pensions | 62 | €35,487 | €51,274 | +€15,788 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,214 | €24,656 | +€4,442 | +22.0% |
| Other operating charges | 640/8 | €6,669 | €2,805 | -€3,865 | -57.9% |
| Gross operating margin | 9900 | €63,240 | €91,059 | +€27,820 | +44.0% |
| Operating profit (loss) | 9901 | €870 | €12,324 | +€11,454 | +1,316% |
| Financial income | 75/76B | €9 | €118 | +€109 | +1,242% |
| Recurring financial income | 75 | €9 | €118 | +€109 | +1,242% |
| Financial charges | 65/66B | €687 | €11,044 | +€10,357 | +1,508% |
| Recurring financial charges | 65 | €687 | €11,044 | +€10,357 | +1,508% |
| Profit (loss) for the period before taxes | 9903 | €192 | €1,398 | +€1,206 | +628% |
| Income taxes | 67/77 | €2,053 | €4,025 | +€1,972 | +96.0% |
| Profit (loss) for the period | 9904 | -€1,861 | -€2,627 | -€766 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,861 | -€2,627 | -€766 | -41.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.