CABCODE: 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.
CABCODE
Largest movements
- Current investments +€27,684
up €27,684 (+6.9%), from €398,646 to €426,330
- Receivables within one year +€7,775
up €7,775 (+29.3%), from €26,522 to €34,298
of which Other amounts receivable: +€5,947
- Tangible fixed assets -€7,680
down €7,680 (-31.4%), from €24,473 to €16,792
of which Furniture and vehicles: -€4,243
- Cash +€5,260
up €5,260 (+401.2%), from €1,311 to €6,571
mainly Net result for the year (+€21,990) and Depreciation (+€7,680)
- Reserves +€21,990
up €21,990 (+6.2%), from €355,922 to €377,911
of which Distributable reserves: +€21,990
- Gross operating margin -€24,295
down €24,295 (-37.2%), from €65,390 to €41,095
- Financial income -€23,965
down €23,965 (-92.2%), from €25,983 to €2,018
- Taxes -€13,761
down €13,761 (-51.7%), from €26,596 to €12,835
- Write-downs -€5,000
new in 2025: -€5,000
- Depreciation -€682
down €682 (-8.2%), from €8,362 to €7,680
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 | €451,536 | €484,406 | +€32,870 | +7.3% |
| Fixed assets | 21/28 | €24,473 | €16,792 | -€7,680 | -31.4% |
| Tangible fixed assets | 22/27 | €24,473 | €16,792 | -€7,680 | -31.4% |
| Furniture and vehicles | 24 | €8,575 | €4,332 | -€4,243 | -49.5% |
| Other tangible fixed assets | 26 | €15,898 | €12,460 | -€3,438 | -21.6% |
| Current assets | 29/58 | €427,063 | €467,614 | +€40,551 | +9.5% |
| Stocks and contracts in progress | 3 | €497 | €0 | -€497 | -100.0% |
| Stocks | 30/36 | €497 | €0 | -€497 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,522 | €34,298 | +€7,775 | +29.3% |
| Trade receivables | 40 | €22,698 | €24,526 | +€1,828 | +8.1% |
| Other amounts receivable | 41 | €3,825 | €9,772 | +€5,947 | +155.5% |
| Current investments | 50/53 | €398,646 | €426,330 | +€27,684 | +6.9% |
| Cash at bank and in hand | 54/58 | €1,311 | €6,571 | +€5,260 | +401.2% |
| Deferred charges and accrued income | 490/1 | €87 | €415 | +€328 | +376.8% |
| Total equity and liabilities | 10/49 | €451,536 | €484,406 | +€32,870 | +7.3% |
| Equity | 10/15 | €375,953 | €397,943 | +€21,990 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €355,922 | €377,911 | +€21,990 | +6.2% |
| Tax-exempt reserves | 132 | €378 | €378 | = | 0.0% |
| Distributable reserves | 133 | €355,544 | €377,533 | +€21,990 | +6.2% |
| Profit (loss) carried forward | 14 | €1,431 | €1,431 | = | 0.0% |
| Amounts payable | 17/49 | €75,583 | €86,463 | +€10,881 | +14.4% |
| Amounts payable within one year | 42/48 | €75,583 | €82,205 | +€6,622 | +8.8% |
| Financial debts | 43 | €8,496 | €11,631 | +€3,135 | +36.9% |
| Credit institutions | 430/8 | €8,496 | €11,631 | +€3,135 | +36.9% |
| Trade debts | 44 | €7,756 | €7,469 | -€287 | -3.7% |
| Suppliers | 440/4 | €7,756 | €7,469 | -€287 | -3.7% |
| Taxes, remuneration and social security | 45 | €1,297 | €835 | -€463 | -35.7% |
| Taxes | 450/3 | €1,297 | €835 | -€463 | -35.7% |
| Other amounts payable | 47/48 | €58,033 | €62,270 | +€4,237 | +7.3% |
| Accrued charges and deferred income | 492/3 | - | €4,259 | +€4,259 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,362 | €7,680 | -€682 | -8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,000 | -€5,000 | |
| Other operating charges | 640/8 | €882 | €1,257 | +€374 | +42.4% |
| Gross operating margin | 9900 | €65,390 | €41,095 | -€24,295 | -37.2% |
| Operating profit (loss) | 9901 | €56,146 | €37,158 | -€18,988 | -33.8% |
| Financial income | 75/76B | €25,983 | €2,018 | -€23,965 | -92.2% |
| Recurring financial income | 75 | €25,983 | €2,018 | -€23,965 | -92.2% |
| Financial charges | 65/66B | €4,547 | €4,352 | -€195 | -4.3% |
| Recurring financial charges | 65 | €4,547 | €4,352 | -€195 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €77,582 | €34,824 | -€42,758 | -55.1% |
| Income taxes | 67/77 | €26,596 | €12,835 | -€13,761 | -51.7% |
| Profit (loss) for the period | 9904 | €50,987 | €21,990 | -€28,997 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,987 | €21,990 | -€28,997 | -56.9% |
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 10 October 2026 via checked.be.