CABA: 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.
CABA
Largest movements
- Stocks and contracts -€84,888
down €84,888 (-17.5%), from €484,888 to €400,000
- Cash +€81,658
up €81,658 (+50.2%), from €162,545 to €244,204
mainly Net result for the year (+€89,508) and Stocks and contracts (+€84,888)
- Receivables within one year +€37,420
up €37,420 (+166%), from €22,588 to €60,008
of which Trade receivables: +€33,160
- Tangible fixed assets +€15,395
up €15,395 (+25.3%), from €60,815 to €76,211
of which Furniture and vehicles: +€19,316
- Reserves +€89,508
up €89,508 (+64.6%), from €138,499 to €228,007
of which Distributable reserves: +€89,508
- Trade debts -€59,863
down €59,863 (-54.7%), from €109,514 to €49,651
- Other debts -€29,116
down €29,116 (-70.5%), from €41,303 to €12,188
- Debts after one year +€19,992
up €19,992 (+5.6%), from €358,753 to €378,745
- Tax, wage and social debts +€10,133
up €10,133 (+33.0%), from €30,715 to €40,848
of which Taxes: +€14,498
- Gross operating margin -€56,862
down €56,862 (-16.2%), from €350,875 to €294,013
- Staff costs -€56,273
down €56,273 (-35.4%), from €158,833 to €102,560
- Depreciation +€5,148
up €5,148 (+16.9%), from €30,421 to €35,569
- Taxes -€5,006
down €5,006 (-11.4%), from €44,091 to €39,085
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 | €757,098 | €801,192 | +€44,094 | +5.8% |
| Fixed assets | 21/28 | €72,860 | €88,756 | +€15,895 | +21.8% |
| Tangible fixed assets | 22/27 | €60,815 | €76,211 | +€15,395 | +25.3% |
| Plant, machinery and equipment | 23 | €15,683 | €12,551 | -€3,132 | -20.0% |
| Furniture and vehicles | 24 | €42,203 | €61,519 | +€19,316 | +45.8% |
| Other tangible fixed assets | 26 | €2,929 | €2,142 | -€788 | -26.9% |
| Financial fixed assets | 28 | €12,045 | €12,545 | +€500 | +4.2% |
| Current assets | 29/58 | €684,237 | €712,436 | +€28,199 | +4.1% |
| Stocks and contracts in progress | 3 | €484,888 | €400,000 | -€84,888 | -17.5% |
| Contracts in progress | 37 | €484,888 | €400,000 | -€84,888 | -17.5% |
| Amounts receivable within one year | 40/41 | €22,588 | €60,008 | +€37,420 | +166% |
| Trade receivables | 40 | €13,687 | €46,847 | +€33,160 | +242% |
| Other amounts receivable | 41 | €8,901 | €13,161 | +€4,259 | +47.9% |
| Cash at bank and in hand | 54/58 | €162,545 | €244,204 | +€81,658 | +50.2% |
| Deferred charges and accrued income | 490/1 | €14,216 | €8,224 | -€5,991 | -42.1% |
| Total equity and liabilities | 10/49 | €757,098 | €801,192 | +€44,094 | +5.8% |
| Equity | 10/15 | €206,731 | €296,239 | +€89,508 | +43.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,499 | €228,007 | +€89,508 | +64.6% |
| Non-distributable reserves | 130/1 | €10,860 | €10,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,860 | €10,860 | = | 0.0% |
| Distributable reserves | 133 | €127,639 | €217,147 | +€89,508 | +70.1% |
| Profit (loss) carried forward | 14 | €49,633 | €49,633 | = | 0.0% |
| Amounts payable | 17/49 | €550,366 | €504,953 | -€45,414 | -8.3% |
| Amounts payable after more than one year | 17 | €358,753 | €378,745 | +€19,992 | +5.6% |
| Financial debts | 170/4 | €358,753 | €378,745 | +€19,992 | +5.6% |
| Amounts payable within one year | 42/48 | €191,603 | €122,297 | -€69,305 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €10,070 | €19,611 | +€9,541 | +94.7% |
| Trade debts | 44 | €109,514 | €49,651 | -€59,863 | -54.7% |
| Suppliers | 440/4 | €109,514 | €49,651 | -€59,863 | -54.7% |
| Taxes, remuneration and social security | 45 | €30,715 | €40,848 | +€10,133 | +33.0% |
| Taxes | 450/3 | €21,125 | €35,623 | +€14,498 | +68.6% |
| Remuneration and social security | 454/9 | €9,590 | €5,225 | -€4,366 | -45.5% |
| Other amounts payable | 47/48 | €41,303 | €12,188 | -€29,116 | -70.5% |
| Accrued charges and deferred income | 492/3 | €11 | €3,911 | +€3,900 | +36,689% |
| Remuneration, social security and pensions | 62 | €158,833 | €102,560 | -€56,273 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,421 | €35,569 | +€5,148 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,235 | - | -€1,235 | |
| Other operating charges | 640/8 | €3,829 | €3,864 | +€35 | +0.9% |
| Gross operating margin | 9900 | €350,875 | €294,013 | -€56,862 | -16.2% |
| Operating profit (loss) | 9901 | €156,558 | €152,021 | -€4,537 | -2.9% |
| Financial income | 75/76B | €108 | €123 | +€15 | +14.2% |
| Recurring financial income | 75 | €108 | €123 | +€15 | +14.2% |
| Financial charges | 65/66B | €22,902 | €23,551 | +€649 | +2.8% |
| Recurring financial charges | 65 | €22,902 | €23,551 | +€649 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €133,763 | €128,593 | -€5,170 | -3.9% |
| Income taxes | 67/77 | €44,091 | €39,085 | -€5,006 | -11.4% |
| Profit (loss) for the period | 9904 | €89,672 | €89,508 | -€164 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,672 | €89,508 | -€164 | -0.2% |
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 17 October 2026 via checked.be.