ALL CABLING PROJECTS: 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.
ALL CABLING PROJECTS
Largest movements
- Cash +€135,073
up €135,073 (+72.6%), from €186,051 to €321,124
mainly Net result for the year (+€150,191) and Depreciation (+€31,634)
- Tangible fixed assets -€19,723
down €19,723 (-20.4%), from €96,815 to €77,092
of which Leasing and similar rights: -€28,400
- Reserves +€120,000
up €120,000 (+63.6%), from €188,775 to €308,775
of which Distributable reserves: +€120,000
- Debts after one year -€18,502
down €18,502 (-32.3%), from €57,344 to €38,842
- Trade debts +€10,112
up €10,112 (+821.5%), from €1,231 to €11,343
- Tax, wage and social debts +€5,442
up €5,442 (+117.7%), from €4,625 to €10,067
- Gross operating margin +€161,099
up €161,099 (+177.2%), from €90,913 to €252,012
- Taxes +€49,728
up €49,728 (+343.5%), from €14,476 to €64,204
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 | €300,481 | €414,954 | +€114,473 | +38.1% |
| Fixed assets | 21/28 | €96,815 | €77,092 | -€19,723 | -20.4% |
| Tangible fixed assets | 22/27 | €96,815 | €77,092 | -€19,723 | -20.4% |
| Plant, machinery and equipment | 23 | €2,052 | €10,208 | +€8,157 | +397.5% |
| Furniture and vehicles | 24 | €737 | €1,849 | +€1,112 | +150.9% |
| Leasing and similar rights | 25 | €93,256 | €64,856 | -€28,400 | -30.5% |
| Other tangible fixed assets | 26 | €770 | €178 | -€592 | -76.8% |
| Current assets | 29/58 | €203,665 | €337,862 | +€134,197 | +65.9% |
| Amounts receivable within one year | 40/41 | €15,941 | €15,024 | -€918 | -5.8% |
| Trade receivables | 40 | €15,019 | €12,628 | -€2,392 | -15.9% |
| Other amounts receivable | 41 | €922 | €2,396 | +€1,474 | +159.9% |
| Cash at bank and in hand | 54/58 | €186,051 | €321,124 | +€135,073 | +72.6% |
| Deferred charges and accrued income | 490/1 | €1,673 | €1,714 | +€41 | +2.5% |
| Total equity and liabilities | 10/49 | €300,481 | €414,954 | +€114,473 | +38.1% |
| Equity | 10/15 | €215,054 | €335,246 | +€120,191 | +55.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,775 | €308,775 | +€120,000 | +63.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,415 | €7,415 | = | 0.0% |
| Distributable reserves | 133 | €179,500 | €299,500 | +€120,000 | +66.9% |
| Profit (loss) carried forward | 14 | €7,679 | €7,870 | +€191 | +2.5% |
| Amounts payable | 17/49 | €85,427 | €79,709 | -€5,718 | -6.7% |
| Amounts payable after more than one year | 17 | €57,344 | €38,842 | -€18,502 | -32.3% |
| Financial debts | 170/4 | €57,344 | €38,842 | -€18,502 | -32.3% |
| Amounts payable within one year | 42/48 | €27,686 | €40,866 | +€13,180 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €19,414 | €18,502 | -€912 | -4.7% |
| Trade debts | 44 | €1,231 | €11,343 | +€10,112 | +821.5% |
| Suppliers | 440/4 | €1,231 | €11,343 | +€10,112 | +821.5% |
| Taxes, remuneration and social security | 45 | €4,625 | €10,067 | +€5,442 | +117.7% |
| Taxes | 450/3 | €4,625 | €10,067 | +€5,442 | +117.7% |
| Other amounts payable | 47/48 | €2,417 | €954 | -€1,463 | -60.5% |
| Accrued charges and deferred income | 492/3 | €396 | - | -€396 | |
| Non-recurring operating income | 76A | €18,000 | - | -€18,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,681 | €31,634 | +€953 | +3.1% |
| Other operating charges | 640/8 | €2,506 | €2,596 | +€90 | +3.6% |
| Gross operating margin | 9900 | €90,913 | €252,012 | +€161,099 | +177.2% |
| Operating profit (loss) | 9901 | €57,726 | €217,782 | +€160,056 | +277.3% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €4,187 | €3,387 | -€801 | -19.1% |
| Recurring financial charges | 65 | €4,187 | €3,387 | -€801 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €53,552 | €214,395 | +€160,844 | +300.4% |
| Income taxes | 67/77 | €14,476 | €64,204 | +€49,728 | +343.5% |
| Profit (loss) for the period | 9904 | €39,076 | €150,191 | +€111,116 | +284.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,076 | €150,191 | +€111,116 | +284.4% |
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 10 October 2026 via checked.be.