CABALEURS: 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.
CABALEURS
Largest movements
- Cash -€23,214
down €23,214 (-66.3%), from €34,996 to €11,782
mainly Net result for the year (-€34,592) and Investment in fixed assets (net) (-€13,756)
- Stocks and contracts -€3,740
down €3,740 (-20.2%), from €18,509 to €14,769
- Receivables within one year -€2,354
down €2,354 (-7.7%), from €30,518 to €28,164
of which Other amounts receivable: -€7,172
- Profit (loss) carried forward -€34,592
down €34,592, from €31,468 to -€3,125
- Tax, wage and social debts +€10,286
up €10,286 (+39.1%), from €26,305 to €36,591
of which Remuneration and social security: +€9,285
- Current portion of long-term debt -€6,810
down €6,810 (-92.5%), from €7,360 to €550
- Other debts -€1,951
down €1,951 (-100%), from €1,951 to €0
- Gross operating margin -€69,253
down €69,253 (-37.8%), from €183,242 to €113,990
- Staff costs -€25,280
down €25,280 (-16.6%), from €151,943 to €126,664
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 | €143,241 | €111,469 | -€31,772 | -22.2% |
| Fixed assets | 21/28 | €53,858 | €51,891 | -€1,967 | -3.7% |
| Intangible fixed assets | 21 | €6,000 | €5,000 | -€1,000 | -16.7% |
| Tangible fixed assets | 22/27 | €45,187 | €44,922 | -€265 | -0.6% |
| Plant, machinery and equipment | 23 | €11,415 | €9,089 | -€2,326 | -20.4% |
| Furniture and vehicles | 24 | €21,226 | €15,421 | -€5,805 | -27.3% |
| Other tangible fixed assets | 26 | €12,546 | €20,412 | +€7,866 | +62.7% |
| Financial fixed assets | 28 | €2,671 | €1,969 | -€702 | -26.3% |
| Current assets | 29/58 | €89,383 | €59,578 | -€29,805 | -33.3% |
| Stocks and contracts in progress | 3 | €18,509 | €14,769 | -€3,740 | -20.2% |
| Stocks | 30/36 | €18,509 | €14,769 | -€3,740 | -20.2% |
| Amounts receivable within one year | 40/41 | €30,518 | €28,164 | -€2,354 | -7.7% |
| Trade receivables | 40 | €2,467 | €7,285 | +€4,818 | +195% |
| Other amounts receivable | 41 | €28,051 | €20,879 | -€7,172 | -25.6% |
| Cash at bank and in hand | 54/58 | €34,996 | €11,782 | -€23,214 | -66.3% |
| Deferred charges and accrued income | 490/1 | €5,360 | €4,862 | -€497 | -9.3% |
| Total equity and liabilities | 10/49 | €143,241 | €111,469 | -€31,772 | -22.2% |
| Equity | 10/15 | €65,968 | €31,375 | -€34,592 | -52.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €19,500 | €19,500 | = | 0.0% |
| Distributable reserves | 133 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,468 | -€3,125 | -€34,592 | |
| Amounts payable | 17/49 | €77,273 | €80,093 | +€2,820 | +3.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €77,273 | €80,093 | +€2,820 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €7,360 | €550 | -€6,810 | -92.5% |
| Trade debts | 44 | €41,657 | €42,952 | +€1,295 | +3.1% |
| Suppliers | 440/4 | €41,657 | €42,952 | +€1,295 | +3.1% |
| Taxes, remuneration and social security | 45 | €26,305 | €36,591 | +€10,286 | +39.1% |
| Taxes | 450/3 | €9,519 | €10,520 | +€1,001 | +10.5% |
| Remuneration and social security | 454/9 | €16,786 | €26,071 | +€9,285 | +55.3% |
| Other amounts payable | 47/48 | €1,951 | €0 | -€1,951 | -100% |
| Remuneration, social security and pensions | 62 | €151,943 | €126,664 | -€25,280 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,033 | €15,723 | +€1,691 | +12.0% |
| Other operating charges | 640/8 | €2,258 | €1,775 | -€483 | -21.4% |
| Gross operating margin | 9900 | €183,242 | €113,990 | -€69,253 | -37.8% |
| Operating profit (loss) | 9901 | €15,008 | -€30,173 | -€45,181 | |
| Financial income | 75/76B | €61 | €4 | -€57 | -93.6% |
| Recurring financial income | 75 | €61 | €4 | -€57 | -93.6% |
| Financial charges | 65/66B | €3,946 | €4,423 | +€478 | +12.1% |
| Recurring financial charges | 65 | €3,946 | €4,423 | +€478 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €11,123 | -€34,592 | -€45,715 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €11,123 | -€34,592 | -€45,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,123 | -€34,592 | -€45,715 |
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 18 October 2026 via checked.be.