CAB.D.G.: 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.
CAB.D.G.
Largest movements
- Current investments +€85,492
up €85,492 (+6.7%), from €1.3m to €1.4m
- Reserves +€73,060
up €73,060 (+5.5%), from €1.3m to €1.4m
of which Distributable reserves: +€132,000
- Financial income -€182,100
down €182,100 (-87.7%), from €207,753 to €25,653
- Gross operating margin -€106,042
down €106,042 (-55.1%), from €192,538 to €86,496
- Taxes -€42,251
down €42,251 (-56.2%), from €75,183 to €32,932
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 | €1,362,202 | €1,428,560 | +€66,358 | +4.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,215 | €1,287 | -€1,928 | -60.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,215 | €1,287 | -€1,928 | -60.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,215 | €1,287 | -€1,928 | -60.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,358,987 | €1,427,273 | +€68,286 | +5.0% |
| Current investments | 50/53 | €1,270,032 | €1,355,524 | +€85,492 | +6.7% |
| Cash at bank and in hand | 54/58 | €69,241 | €65,803 | -€3,438 | -5.0% |
| Deferred charges and accrued income | 490/1 | €19,714 | €5,946 | -€13,768 | -69.8% |
| Total equity and liabilities | 10/49 | €1,362,202 | €1,428,560 | +€66,358 | +4.9% |
| Equity | 10/15 | €1,342,786 | €1,416,799 | +€74,013 | +5.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,317,223 | €1,390,283 | +€73,060 | +5.5% |
| Tax-exempt reserves | 132 | €173,223 | €114,283 | -€58,940 | -34.0% |
| Distributable reserves | 133 | €1,144,000 | €1,276,000 | +€132,000 | +11.5% |
| Profit (loss) carried forward | 14 | €5,102 | €6,055 | +€953 | +18.7% |
| Amounts payable | 17/49 | €19,416 | €11,761 | -€7,655 | -39.4% |
| Amounts payable within one year | 42/48 | €19,416 | €11,761 | -€7,655 | -39.4% |
| Trade debts | 44 | €2,003 | €1,062 | -€941 | -47.0% |
| Suppliers | 440/4 | €2,003 | €1,062 | -€941 | -47.0% |
| Taxes, remuneration and social security | 45 | €5,630 | €6,795 | +€1,165 | +20.7% |
| Taxes | 450/3 | €5,630 | €6,795 | +€1,165 | +20.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,783 | €3,904 | -€7,879 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,938 | €1,928 | -€10 | -0.5% |
| Other operating charges | 640/8 | €2,734 | €3,014 | +€280 | +10.2% |
| Non-recurring operating charges | 66A | €2,195 | - | -€2,195 | |
| Gross operating margin | 9900 | €192,538 | €86,496 | -€106,042 | -55.1% |
| Operating profit (loss) | 9901 | €185,671 | €81,554 | -€104,117 | -56.1% |
| Financial income | 75/76B | €207,753 | €25,653 | -€182,100 | -87.7% |
| Recurring financial income | 75 | €207,753 | €25,653 | -€182,100 | -87.7% |
| Financial charges | 65/66B | -€623 | €262 | +€885 | |
| Recurring financial charges | 65 | -€623 | €262 | +€885 | |
| Profit (loss) for the period before taxes | 9903 | €394,046 | €106,945 | -€287,101 | -72.9% |
| Income taxes | 67/77 | €75,183 | €32,932 | -€42,251 | -56.2% |
| Profit (loss) for the period | 9904 | €318,863 | €74,013 | -€244,850 | -76.8% |
| Transfer from tax-exempt reserves | 789 | €25,260 | €79,990 | +€54,730 | +216.7% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €21,050 | -€21,050 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €302,023 | €132,953 | -€169,070 | -56.0% |
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 9 October 2026 via checked.be.