Cabelly: 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.
Cabelly
Largest movements
- Tangible fixed assets +€8,466
up €8,466 (+10.1%), from €83,804 to €92,271
of which Plant, machinery and equipment: +€16,474
- Receivables within one year -€3,820
down €3,820 (-100.0%), from €3,820 to €0
- Cash +€3,654
up €3,654 (+26.6%), from €13,731 to €17,384
mainly Depreciation (+€11,007) and Current portion of long-term debt (+€6,954)
- Current investments -€2,390
no longer reported in 2025 (was €2,390)
- Debts after one year -€7,982
down €7,982 (-12.0%), from €66,347 to €58,364
- Current portion of long-term debt +€6,954
up €6,954 (+83.8%), from €8,303 to €15,258
- Tax, wage and social debts -€6,431
down €6,431 (-22.6%), from €28,469 to €22,037
of which Remuneration and social security: -€4,929
- Trade debts +€5,465
up €5,465 (+807.1%), from €677 to €6,142
- Advances received +€4,850
new in 2025: €4,850
- Staff costs +€4,204
up €4,204 (+5.7%), from €73,785 to €77,989
- Taxes -€4,075
down €4,075 (-86.6%), from €4,706 to €632
- Gross operating margin -€3,734
down €3,734 (-3.7%), from €100,960 to €97,226
- Other operating charges +€1,064
up €1,064 (+757.2%), from €141 to €1,204
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 | €127,481 | €133,406 | +€5,925 | +4.6% |
| Fixed assets | 21/28 | €83,805 | €92,272 | +€8,466 | +10.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €83,804 | €92,271 | +€8,466 | +10.1% |
| Land and buildings | 22 | €61,294 | €57,403 | -€3,891 | -6.3% |
| Plant, machinery and equipment | 23 | €7,440 | €23,914 | +€16,474 | +221.4% |
| Furniture and vehicles | 24 | €15,071 | €10,954 | -€4,117 | -27.3% |
| Current assets | 29/58 | €43,676 | €41,135 | -€2,541 | -5.8% |
| Stocks and contracts in progress | 3 | €23,735 | €22,717 | -€1,018 | -4.3% |
| Stocks | 30/36 | €23,735 | €22,717 | -€1,018 | -4.3% |
| Amounts receivable within one year | 40/41 | €3,820 | €0 | -€3,820 | -100.0% |
| Trade receivables | 40 | €3,820 | €0 | -€3,820 | -100.0% |
| Current investments | 50/53 | €2,390 | - | -€2,390 | |
| Cash at bank and in hand | 54/58 | €13,731 | €17,384 | +€3,654 | +26.6% |
| Deferred charges and accrued income | 490/1 | - | €1,034 | +€1,034 | |
| Total equity and liabilities | 10/49 | €127,481 | €133,406 | +€5,925 | +4.6% |
| Equity | 10/15 | €13,842 | €16,701 | +€2,858 | +20.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,842 | €13,701 | +€2,858 | +26.4% |
| Distributable reserves | 133 | €10,842 | €13,701 | +€2,858 | +26.4% |
| Amounts payable | 17/49 | €113,639 | €116,706 | +€3,066 | +2.7% |
| Amounts payable after more than one year | 17 | €66,347 | €58,364 | -€7,982 | -12.0% |
| Financial debts | 170/4 | €66,347 | €58,364 | -€7,982 | -12.0% |
| Amounts payable within one year | 42/48 | €47,163 | €57,665 | +€10,502 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €8,303 | €15,258 | +€6,954 | +83.8% |
| Trade debts | 44 | €677 | €6,142 | +€5,465 | +807.1% |
| Suppliers | 440/4 | €677 | €6,142 | +€5,465 | +807.1% |
| Advances received on contracts in progress | 46 | - | €4,850 | +€4,850 | |
| Taxes, remuneration and social security | 45 | €28,469 | €22,037 | -€6,431 | -22.6% |
| Taxes | 450/3 | €14,552 | €13,049 | -€1,502 | -10.3% |
| Remuneration and social security | 454/9 | €13,917 | €8,988 | -€4,929 | -35.4% |
| Other amounts payable | 47/48 | €9,714 | €9,379 | -€335 | -3.5% |
| Accrued charges and deferred income | 492/3 | €129 | €676 | +€547 | +422.9% |
| Remuneration, social security and pensions | 62 | €73,785 | €77,989 | +€4,204 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,576 | €11,007 | +€431 | +4.1% |
| Other operating charges | 640/8 | €141 | €1,204 | +€1,064 | +757.2% |
| Gross operating margin | 9900 | €100,960 | €97,226 | -€3,734 | -3.7% |
| Operating profit (loss) | 9901 | €16,458 | €7,025 | -€9,433 | -57.3% |
| Financial income | 75/76B | €51 | €41 | -€10 | -19.4% |
| Recurring financial income | 75 | €51 | €41 | -€10 | -19.4% |
| Financial charges | 65/66B | €2,732 | €3,576 | +€844 | +30.9% |
| Recurring financial charges | 65 | €2,732 | €3,576 | +€844 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €13,777 | €3,490 | -€10,287 | -74.7% |
| Income taxes | 67/77 | €4,706 | €632 | -€4,075 | -86.6% |
| Profit (loss) for the period | 9904 | €9,071 | €2,858 | -€6,213 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,071 | €2,858 | -€6,213 | -68.5% |
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 11 October 2026 via checked.be.