AS CABLING: 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.
AS CABLING
Largest movements
- Tangible fixed assets +€183,594
up €183,594 (+334.0%), from €54,976 to €238,570
of which Land and buildings: +€201,007
- Receivables within one year +€33,430
up €33,430 (+58.5%), from €57,100 to €90,531
of which Trade receivables: +€33,426
- Cash -€15,264
down €15,264 (-45.5%), from €33,548 to €18,284
mainly Investment in fixed assets (net) (-€211,772) and Receivables within one year (-€33,430)
- Debts after one year +€149,292
up €149,292 (+276.2%), from €54,054 to €203,346
- Current portion of long-term debt +€16,499
up €16,499 (+128.6%), from €12,833 to €29,332
- Tax, wage and social debts +€15,979
up €15,979 (+88.5%), from €18,058 to €34,037
of which Taxes: +€14,545
- Profit (loss) carried forward +€14,522
up €14,522 (+40.6%), from €35,742 to €50,264
- Trade debts +€9,518
up €9,518 (+122.5%), from €7,770 to €17,288
- Gross operating margin +€21,546
up €21,546 (+36.0%), from €59,905 to €81,451
- Depreciation +€19,780
up €19,780 (+241.6%), from €8,188 to €27,968
- Staff costs +€19,380
new in 2025: €19,380
- Financial charges +€10,845
up €10,845 (+815.7%), from €1,330 to €12,174
- Taxes -€6,609
down €6,609 (-55.3%), from €11,961 to €5,351
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 | €145,625 | €347,595 | +€201,970 | +138.7% |
| Fixed assets | 21/28 | €54,976 | €238,780 | +€183,804 | +334.3% |
| Tangible fixed assets | 22/27 | €54,976 | €238,570 | +€183,594 | +334.0% |
| Land and buildings | 22 | - | €201,007 | +€201,007 | |
| Plant, machinery and equipment | 23 | €12,655 | €11,539 | -€1,116 | -8.8% |
| Furniture and vehicles | 24 | €42,321 | €26,024 | -€16,297 | -38.5% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €90,649 | €108,815 | +€18,166 | +20.0% |
| Amounts receivable within one year | 40/41 | €57,100 | €90,531 | +€33,430 | +58.5% |
| Trade receivables | 40 | €57,100 | €90,526 | +€33,426 | +58.5% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €33,548 | €18,284 | -€15,264 | -45.5% |
| Total equity and liabilities | 10/49 | €145,625 | €347,595 | +€201,970 | +138.7% |
| Equity | 10/15 | €40,742 | €55,264 | +€14,522 | +35.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,742 | €50,264 | +€14,522 | +40.6% |
| Amounts payable | 17/49 | €104,883 | €292,331 | +€187,447 | +178.7% |
| Amounts payable after more than one year | 17 | €54,054 | €203,346 | +€149,292 | +276.2% |
| Financial debts | 170/4 | €54,054 | €203,346 | +€149,292 | +276.2% |
| Amounts payable within one year | 42/48 | €50,830 | €88,985 | +€38,155 | +75.1% |
| Current portion of amounts payable after more than one year | 42 | €12,833 | €29,332 | +€16,499 | +128.6% |
| Trade debts | 44 | €7,770 | €17,288 | +€9,518 | +122.5% |
| Suppliers | 440/4 | €7,770 | €17,288 | +€9,518 | +122.5% |
| Taxes, remuneration and social security | 45 | €18,058 | €34,037 | +€15,979 | +88.5% |
| Taxes | 450/3 | €18,058 | €32,602 | +€14,545 | +80.5% |
| Remuneration and social security | 454/9 | - | €1,435 | +€1,435 | |
| Other amounts payable | 47/48 | €12,169 | €8,328 | -€3,841 | -31.6% |
| Remuneration, social security and pensions | 62 | - | €19,380 | +€19,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,188 | €27,968 | +€19,780 | +241.6% |
| Other operating charges | 640/8 | €2,685 | €2,065 | -€620 | -23.1% |
| Gross operating margin | 9900 | €59,905 | €81,451 | +€21,546 | +36.0% |
| Operating profit (loss) | 9901 | €49,032 | €32,038 | -€16,994 | -34.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,330 | €12,174 | +€10,845 | +815.7% |
| Recurring financial charges | 65 | €1,330 | €12,174 | +€10,845 | +815.7% |
| Profit (loss) for the period before taxes | 9903 | €47,702 | €19,874 | -€27,829 | -58.3% |
| Income taxes | 67/77 | €11,961 | €5,351 | -€6,609 | -55.3% |
| Profit (loss) for the period | 9904 | €35,742 | €14,522 | -€21,219 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,742 | €14,522 | -€21,219 | -59.4% |
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 9 October 2026 via checked.be.