CABALLUX: 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.
What changed
CABALLUX
NACE 93.110, Operation of sports facilities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€51,951
2024 · €41,413+€10,538
Equity
€2.3m
2024 · €2.2m+€51,951
Cash
€318,623
2024 · €196,289+€122,334
Balance sheet total
€4.7m
2024 · €4.6m+€24,000
Largest movements
Assets
- Tangible fixed assets -€133,690
down €133,690 (-4.4%), from €3.0m to €2.9m
of which Land and buildings: -€137,014
- Cash +€122,334
up €122,334 (+62.3%), from €196,289 to €318,623
mainly Depreciation (+€176,537) and Net result for the year (+€51,951)
Equity and liabilities
- Reserves +€51,951
up €51,951 (+2.5%), from €2.1m to €2.2m
of which Distributable reserves: +€51,951
Income statement
- Gross operating margin +€52,284
up €52,284 (+18.8%), from €277,781 to €330,065
- Depreciation +€42,682
up €42,682 (+31.9%), from €133,856 to €176,537
- Staff costs +€11,593
up €11,593 (+25.2%), from €45,929 to €57,523
- Other operating charges -€7,248
down €7,248 (-22.8%), from €31,738 to €24,489
- Financial income +€4,829
up €4,829 (+229.1%), from €2,108 to €6,937
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.
Result 2024
€41,413
Gross operating margin
+€52,284
Staff costs
-€11,593
Depreciation
-€42,682
Other operating charges
+€7,248
Financial income
+€4,829
Financial charges
+€1,093
Taxes
-€641
Result 2025
€51,951
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.
From operations
+€253,739
Investment
-€87,690
Financing
-€43,715
Cash 2024
€196,289
From operations (derived)
+€253,739
Net result for the year
+€51,951
Depreciation
+€176,537
Receivables within one year
+€9,190
Deferred charges and accrued income
+€297
Trade debts
-€2,713
Tax, wage and social debts
+€17,312
Advances received
-€775
Other debts
+€1,940
Investment (derived)
-€87,690
Investment in fixed assets (net)
-€42,848
Current investments
-€44,842
Financing
-€43,715
Debts after one year
-€44,414
Current portion of long-term debt
+€576
Short-term financial debts
+€122
Cash 2025
€318,623
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,638,701 | €4,662,701 | +€24,000 | +0.5% |
| Fixed assets | 21/28 | €3,555,365 | €3,421,675 | -€133,690 | -3.8% |
| Tangible fixed assets | 22/27 | €3,040,444 | €2,906,755 | -€133,690 | -4.4% |
| Land and buildings | 22 | €2,839,504 | €2,702,490 | -€137,014 | -4.8% |
| Plant, machinery and equipment | 23 | €188,113 | €202,204 | +€14,091 | +7.5% |
| Furniture and vehicles | 24 | €12,828 | €2,061 | -€10,767 | -83.9% |
| Financial fixed assets | 28 | €514,920 | €514,920 | = | 0.0% |
| Current assets | 29/58 | €1,083,337 | €1,241,026 | +€157,690 | +14.6% |
| Amounts receivable within one year | 40/41 | €23,024 | €13,834 | -€9,190 | -39.9% |
| Trade receivables | 40 | €6,683 | €2,338 | -€4,346 | -65.0% |
| Other amounts receivable | 41 | €16,341 | €11,496 | -€4,844 | -29.6% |
| Current investments | 50/53 | €859,070 | €903,912 | +€44,842 | +5.2% |
| Cash at bank and in hand | 54/58 | €196,289 | €318,623 | +€122,334 | +62.3% |
| Deferred charges and accrued income | 490/1 | €4,954 | €4,657 | -€297 | -6.0% |
| Total equity and liabilities | 10/49 | €4,638,701 | €4,662,701 | +€24,000 | +0.5% |
| Equity | 10/15 | €2,212,106 | €2,264,056 | +€51,951 | +2.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,112,106 | €2,164,056 | +€51,951 | +2.5% |
| Non-distributable reserves | 130/1 | €68,286 | €68,286 | = | 0.0% |
| Legal reserve | 130 | €67,669 | €67,669 | = | 0.0% |
| Reserves not available under the articles | 1311 | €618 | €618 | = | 0.0% |
| Distributable reserves | 133 | €2,043,819 | €2,095,770 | +€51,951 | +2.5% |
| Amounts payable | 17/49 | €2,426,596 | €2,398,645 | -€27,951 | -1.2% |
| Amounts payable after more than one year | 17 | €2,225,536 | €2,181,122 | -€44,414 | -2.0% |
| Financial debts | 170/4 | €556,075 | €511,661 | -€44,414 | -8.0% |
| Other amounts payable | 178/9 | €1,669,461 | €1,669,461 | = | 0.0% |
| Amounts payable within one year | 42/48 | €201,060 | €217,523 | +€16,463 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €43,837 | €44,414 | +€576 | +1.3% |
| Financial debts | 43 | - | €122 | +€122 | |
| Credit institutions | 430/8 | - | €122 | +€122 | |
| Trade debts | 44 | €16,636 | €13,923 | -€2,713 | -16.3% |
| Suppliers | 440/4 | €16,636 | €13,923 | -€2,713 | -16.3% |
| Advances received on contracts in progress | 46 | €775 | - | -€775 | |
| Taxes, remuneration and social security | 45 | €26,818 | €44,130 | +€17,312 | +64.6% |
| Taxes | 450/3 | €17,072 | €33,327 | +€16,255 | +95.2% |
| Remuneration and social security | 454/9 | €9,746 | €10,803 | +€1,057 | +10.8% |
| Other amounts payable | 47/48 | €112,993 | €114,933 | +€1,940 | +1.7% |
| Remuneration, social security and pensions | 62 | €45,929 | €57,523 | +€11,593 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,856 | €176,537 | +€42,682 | +31.9% |
| Other operating charges | 640/8 | €31,738 | €24,489 | -€7,248 | -22.8% |
| Gross operating margin | 9900 | €277,781 | €330,065 | +€52,284 | +18.8% |
| Operating profit (loss) | 9901 | €66,259 | €71,516 | +€5,257 | +7.9% |
| Financial income | 75/76B | €2,108 | €6,937 | +€4,829 | +229.1% |
| Recurring financial income | 75 | €2,108 | €6,937 | +€4,829 | +229.1% |
| Financial charges | 65/66B | €9,265 | €8,171 | -€1,093 | -11.8% |
| Recurring financial charges | 65 | €9,265 | €8,171 | -€1,093 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €59,102 | €70,281 | +€11,179 | +18.9% |
| Income taxes | 67/77 | €17,689 | €18,330 | +€641 | +3.6% |
| Profit (loss) for the period | 9904 | €41,413 | €51,951 | +€10,538 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,413 | €51,951 | +€10,538 | +25.4% |
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 5 October 2026 via checked.be.