Cabelo: 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.
Cabelo
Largest movements
- Stocks and contracts -€12,823
down €12,823 (-100.0%), from €12,823 to €0
- Cash +€5,270
up €5,270 (+11.5%), from €45,738 to €51,008
mainly Net result for the year (+€32,396) and Stocks and contracts (+€12,823)
- Debts after one year -€19,464
down €19,464 (-14.9%), from €130,988 to €111,524
- Reserves +€19,396
up €19,396 (+16.2%), from €119,647 to €139,043
- Other debts -€6,925
down €6,925 (-8.9%), from €77,798 to €70,874
- Financial charges -€3,180
down €3,180 (-22.5%), from €14,165 to €10,985
- Gross operating margin -€1,391
down €1,391 (-2.2%), from €64,621 to €63,229
- Taxes +€971
up €971 (+6.0%), from €16,064 to €17,035
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 | €439,618 | €427,855 | -€11,763 | -2.7% |
| Fixed assets | 21/28 | €360,895 | €360,060 | -€835 | -0.2% |
| Intangible fixed assets | 21 | €42,200 | €42,200 | = | 0.0% |
| Tangible fixed assets | 22/27 | €77,562 | €76,727 | -€835 | -1.1% |
| Land and buildings | 22 | €71,503 | €69,868 | -€1,636 | -2.3% |
| Plant, machinery and equipment | 23 | €5,260 | €5,260 | = | 0.0% |
| Furniture and vehicles | 24 | €798 | €1,599 | +€801 | +100.3% |
| Financial fixed assets | 28 | €241,133 | €241,133 | = | 0.0% |
| Current assets | 29/58 | €78,723 | €67,795 | -€10,928 | -13.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €12,823 | €0 | -€12,823 | -100.0% |
| Stocks | 30/36 | €12,823 | €0 | -€12,823 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,865 | €3,862 | -€3 | -0.1% |
| Trade receivables | 40 | €240 | €86 | -€154 | -64.2% |
| Other amounts receivable | 41 | €3,625 | €3,776 | +€151 | +4.2% |
| Cash at bank and in hand | 54/58 | €45,738 | €51,008 | +€5,270 | +11.5% |
| Deferred charges and accrued income | 490/1 | €16,297 | €12,925 | -€3,372 | -20.7% |
| Total equity and liabilities | 10/49 | €439,618 | €427,855 | -€11,763 | -2.7% |
| Equity | 10/15 | €190,447 | €209,843 | +€19,396 | +10.2% |
| Contributions | 10/11 | €70,800 | €70,800 | = | 0.0% |
| Reserves | 13 | €119,647 | €139,043 | +€19,396 | +16.2% |
| Distributable reserves | 133 | €119,647 | €139,043 | +€19,396 | +16.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €249,170 | €218,012 | -€31,159 | -12.5% |
| Amounts payable after more than one year | 17 | €130,988 | €111,524 | -€19,464 | -14.9% |
| Financial debts | 170/4 | €130,988 | €111,524 | -€19,464 | -14.9% |
| Amounts payable within one year | 42/48 | €108,940 | €101,564 | -€7,375 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €19,556 | €20,138 | +€582 | +3.0% |
| Trade debts | 44 | €648 | €826 | +€178 | +27.5% |
| Suppliers | 440/4 | €648 | €826 | +€178 | +27.5% |
| Taxes, remuneration and social security | 45 | €10,938 | €9,727 | -€1,211 | -11.1% |
| Taxes | 450/3 | €10,938 | €9,727 | -€1,211 | -11.1% |
| Other amounts payable | 47/48 | €77,798 | €70,874 | -€6,925 | -8.9% |
| Accrued charges and deferred income | 492/3 | €9,243 | €4,924 | -€4,319 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,289 | €1,876 | -€412 | -18.0% |
| Other operating charges | 640/8 | €1,041 | €1,175 | +€134 | +12.9% |
| Non-recurring operating charges | 66A | €1,711 | €0 | -€1,711 | -100.0% |
| Gross operating margin | 9900 | €64,621 | €63,229 | -€1,391 | -2.2% |
| Operating profit (loss) | 9901 | €59,579 | €60,177 | +€598 | +1.0% |
| Financial income | 75/76B | €393 | €238 | -€155 | -39.4% |
| Recurring financial income | 75 | €393 | €238 | -€155 | -39.4% |
| Financial charges | 65/66B | €14,165 | €10,985 | -€3,180 | -22.5% |
| Recurring financial charges | 65 | €14,165 | €10,985 | -€3,180 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €45,807 | €49,431 | +€3,623 | +7.9% |
| Income taxes | 67/77 | €16,064 | €17,035 | +€971 | +6.0% |
| Profit (loss) for the period | 9904 | €29,744 | €32,396 | +€2,652 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,744 | €32,396 | +€2,652 | +8.9% |
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 11 October 2026 via checked.be.