CABAU: 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.
CABAU
Largest movements
- Cash +€945,052
up €945,052 (+345.4%), from €273,613 to €1.2m
mainly Current investments (+€550,000) and Receivables within one year (+€538,948)
- Current investments -€550,000
down €550,000 (-25.0%), from €2.2m to €1.7m
- Receivables within one year -€538,948
down €538,948 (-90.7%), from €594,027 to €55,079
of which Trade receivables: -€554,843
- Tangible fixed assets -€163,582
down €163,582 (-6.0%), from €2.7m to €2.5m
of which Land and buildings: -€154,727
- Receivables after one year +€156,031
new in 2025: €156,031
- Other debts -€221,764
down €221,764 (-100.0%), from €221,764 to €0
- Trade debts +€106,374
up €106,374 (+3916.3%), from €2,716 to €109,090
- Reserves +€99,224
up €99,224 (+1.9%), from €5.2m to €5.3m
of which Distributable reserves: +€99,224
- Gross operating margin -€93,075
down €93,075 (-23.7%), from €393,191 to €300,116
- Taxes -€30,987
down €30,987 (-43.4%), from €71,369 to €40,382
- Financial income -€26,785
down €26,785 (-36.1%), from €74,216 to €47,431
- Staff costs -€24,339
down €24,339 (-39.3%), from €61,855 to €37,516
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 | €5,777,889 | €5,729,645 | -€48,244 | -0.8% |
| Fixed assets | 21/28 | €2,709,338 | €2,557,291 | -€152,048 | -5.6% |
| Intangible fixed assets | 21 | - | €11,534 | +€11,534 | |
| Tangible fixed assets | 22/27 | €2,709,338 | €2,545,757 | -€163,582 | -6.0% |
| Land and buildings | 22 | €2,637,004 | €2,482,278 | -€154,727 | -5.9% |
| Plant, machinery and equipment | 23 | €54,536 | €49,299 | -€5,237 | -9.6% |
| Furniture and vehicles | 24 | €17,798 | €14,180 | -€3,618 | -20.3% |
| Current assets | 29/58 | €3,068,551 | €3,172,355 | +€103,804 | +3.4% |
| Amounts receivable after more than one year | 29 | - | €156,031 | +€156,031 | |
| Other amounts receivable | 291 | - | €156,031 | +€156,031 | |
| Amounts receivable within one year | 40/41 | €594,027 | €55,079 | -€538,948 | -90.7% |
| Trade receivables | 40 | €558,715 | €3,872 | -€554,843 | -99.3% |
| Other amounts receivable | 41 | €35,312 | €51,207 | +€15,895 | +45.0% |
| Current investments | 50/53 | €2,200,000 | €1,650,000 | -€550,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €273,613 | €1,218,666 | +€945,052 | +345.4% |
| Deferred charges and accrued income | 490/1 | €910 | €92,579 | +€91,669 | +10071.8% |
| Total equity and liabilities | 10/49 | €5,777,889 | €5,729,645 | -€48,244 | -0.8% |
| Equity | 10/15 | €5,518,867 | €5,618,091 | +€99,224 | +1.8% |
| Contributions | 10/11 | €293,159 | €293,159 | = | 0.0% |
| Capital | 10 | €293,159 | €293,159 | = | 0.0% |
| Issued capital | 100 | €293,159 | €293,159 | = | 0.0% |
| Reserves | 13 | €5,225,708 | €5,324,932 | +€99,224 | +1.9% |
| Non-distributable reserves | 130/1 | €29,316 | €29,316 | = | 0.0% |
| Legal reserve | 130 | €29,316 | €29,316 | = | 0.0% |
| Distributable reserves | 133 | €5,196,392 | €5,295,616 | +€99,224 | +1.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €259,022 | €111,555 | -€147,468 | -56.9% |
| Amounts payable within one year | 42/48 | €259,022 | €111,555 | -€147,468 | -56.9% |
| Trade debts | 44 | €2,716 | €109,090 | +€106,374 | +3916.3% |
| Suppliers | 440/4 | €2,716 | €109,090 | +€106,374 | +3916.3% |
| Taxes, remuneration and social security | 45 | €34,543 | €2,465 | -€32,078 | -92.9% |
| Taxes | 450/3 | €18,116 | €2,465 | -€15,651 | -86.4% |
| Remuneration and social security | 454/9 | €16,427 | €0 | -€16,427 | -100.0% |
| Other amounts payable | 47/48 | €221,764 | €0 | -€221,764 | -100.0% |
| Remuneration, social security and pensions | 62 | €61,855 | €37,516 | -€24,339 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,022 | €167,795 | +€773 | +0.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,680 | €0 | +€1,680 | |
| Other operating charges | 640/8 | €2,504 | €2,360 | -€144 | -5.7% |
| Gross operating margin | 9900 | €393,191 | €300,116 | -€93,075 | -23.7% |
| Operating profit (loss) | 9901 | €163,490 | €92,444 | -€71,046 | -43.5% |
| Financial income | 75/76B | €74,216 | €47,431 | -€26,785 | -36.1% |
| Recurring financial income | 75 | €74,216 | €47,431 | -€26,785 | -36.1% |
| Financial charges | 65/66B | €125 | €269 | +€144 | +114.8% |
| Recurring financial charges | 65 | €125 | €269 | +€144 | +114.8% |
| Profit (loss) for the period before taxes | 9903 | €237,581 | €139,606 | -€97,975 | -41.2% |
| Income taxes | 67/77 | €71,369 | €40,382 | -€30,987 | -43.4% |
| Profit (loss) for the period | 9904 | €166,212 | €99,224 | -€66,988 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €166,212 | €99,224 | -€66,988 | -40.3% |
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 8 October 2026 via checked.be.