CABEGER: 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.
CABEGER
Largest movements
- Cash +€23,403
up €23,403 (+153.8%), from €15,213 to €38,616
mainly Net result for the year (+€42,580) and Receivables within one year (+€2,775)
- Receivables within one year -€2,775
down €2,775 (-15.8%), from €17,525 to €14,751
of which Trade receivables: -€15,934
- Reserves +€42,580
up €42,580 (+184.8%), from €23,046 to €65,625
- Other debts -€21,760
down €21,760 (-99.8%), from €21,810 to €50
- Current portion of long-term debt -€1,173
no longer reported in 2025 (was €1,173)
- Gross operating margin -€35,299
down €35,299 (-35.0%), from €100,905 to €65,606
- Taxes +€14,300
up €14,300 (+277.3%), from €5,157 to €19,457
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 | €65,752 | €85,989 | +€20,237 | +30.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €33,014 | €32,622 | -€391 | -1.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €33,014 | €32,622 | -€391 | -1.2% |
| Land and buildings | 22 | €12,682 | €12,395 | -€287 | -2.3% |
| Plant, machinery and equipment | 23 | €532 | €428 | -€105 | -19.6% |
| Furniture and vehicles | 24 | €19,800 | €19,800 | = | 0.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €32,738 | €53,367 | +€20,629 | +63.0% |
| Amounts receivable within one year | 40/41 | €17,525 | €14,751 | -€2,775 | -15.8% |
| Trade receivables | 40 | €15,934 | - | -€15,934 | |
| Other amounts receivable | 41 | €1,591 | €14,751 | +€13,159 | +826.9% |
| Cash at bank and in hand | 54/58 | €15,213 | €38,616 | +€23,403 | +153.8% |
| Total equity and liabilities | 10/49 | €65,752 | €85,989 | +€20,237 | +30.8% |
| Equity | 10/15 | €41,638 | €84,217 | +€42,580 | +102.3% |
| Contributions | 10/11 | €18,592 | €18,592 | -€0 | 0.0% |
| Reserves | 13 | €23,046 | €65,625 | +€42,580 | +184.8% |
| Distributable reserves | 133 | €23,046 | €65,625 | +€42,580 | +184.8% |
| Amounts payable | 17/49 | €24,114 | €1,772 | -€22,342 | -92.7% |
| Amounts payable within one year | 42/48 | €24,112 | €1,772 | -€22,340 | -92.7% |
| Current portion of amounts payable after more than one year | 42 | €1,173 | - | -€1,173 | |
| Financial debts | 43 | €9 | €21 | +€12 | +135.4% |
| Credit institutions | 430/8 | €9 | €21 | +€12 | +135.4% |
| Trade debts | 44 | €1,121 | €1,701 | +€580 | +51.7% |
| Suppliers | 440/4 | €1,121 | €1,701 | +€580 | +51.7% |
| Other amounts payable | 47/48 | €21,810 | €50 | -€21,760 | -99.8% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Non-recurring operating income | 76A | - | €4,250 | +€4,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437 | €391 | -€45 | -10.4% |
| Other operating charges | 640/8 | €3,550 | €2,963 | -€586 | -16.5% |
| Gross operating margin | 9900 | €100,905 | €65,606 | -€35,299 | -35.0% |
| Operating profit (loss) | 9901 | €96,919 | €62,251 | -€34,667 | -35.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €438 | €215 | -€223 | -51.0% |
| Recurring financial charges | 65 | €438 | €215 | -€223 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €96,480 | €62,037 | -€34,444 | -35.7% |
| Income taxes | 67/77 | €5,157 | €19,457 | +€14,300 | +277.3% |
| Profit (loss) for the period | 9904 | €91,323 | €42,580 | -€48,744 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,323 | €42,580 | -€48,744 | -53.4% |
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 7 October 2026 via checked.be.