CABELO GMK: 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 GMK
Largest movements
- Cash +€18,103
up €18,103 (+41.2%), from €43,953 to €62,056
mainly Net result for the year (+€53,454) and Depreciation (+€13,478)
- Intangible fixed assets -€10,000
down €10,000 (-12.5%), from €80,000 to €70,000
- Deferred charges and accrued income +€7,874
up €7,874 (+342%), from €2,299 to €10,173
- Receivables within one year -€3,087
down €3,087 (-58.8%), from €5,250 to €2,163
- Profit (loss) carried forward +€33,453
up €33,453 (+46.2%), from €72,434 to €105,887
- Tax, wage and social debts -€21,145
down €21,145 (-53.1%), from €39,829 to €18,684
of which Taxes: -€18,471
- Other debts +€7,896
up €7,896 (+39.1%), from €20,204 to €28,100
- Trade debts -€5,739
down €5,739 (-85.5%), from €6,715 to €976
- Staff costs -€31,165
down €31,165 (-37.9%), from €82,292 to €51,127
- Gross operating margin +€4,403
up €4,403 (+3.7%), from €119,372 to €123,775
- Turnover +€3,713
up €3,713 (+1.7%), from €212,774 to €216,487
- Taxes -€2,288
down €2,288 (-31.8%), from €7,204 to €4,916
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.
Derived cash bridge
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 | €145,193 | €159,647 | +€14,454 | +10.0% |
| Formation expenses | 20 | €537 | €358 | -€179 | -33.3% |
| Fixed assets | 21/28 | €91,865 | €83,027 | -€8,838 | -9.6% |
| Intangible fixed assets | 21 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Tangible fixed assets | 22/27 | €11,652 | €12,814 | +€1,162 | +10.0% |
| Plant, machinery and equipment | 23 | €2,727 | €1,878 | -€849 | -31.1% |
| Furniture and vehicles | 24 | €8,925 | €10,936 | +€2,011 | +22.5% |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €52,791 | €76,262 | +€23,471 | +44.5% |
| Stocks and contracts in progress | 3 | €1,289 | €1,870 | +€581 | +45.1% |
| Stocks | 30/36 | €1,289 | €1,870 | +€581 | +45.1% |
| Amounts receivable within one year | 40/41 | €5,250 | €2,163 | -€3,087 | -58.8% |
| Trade receivables | 40 | €5,250 | €2,163 | -€3,087 | -58.8% |
| Cash at bank and in hand | 54/58 | €43,953 | €62,056 | +€18,103 | +41.2% |
| Deferred charges and accrued income | 490/1 | €2,299 | €10,173 | +€7,874 | +342% |
| Total equity and liabilities | 10/49 | €145,193 | €159,647 | +€14,454 | +10.0% |
| Equity | 10/15 | €78,434 | €111,887 | +€33,453 | +42.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,434 | €105,887 | +€33,453 | +46.2% |
| Amounts payable | 17/49 | €66,759 | €47,760 | -€18,999 | -28.5% |
| Amounts payable within one year | 42/48 | €66,748 | €47,760 | -€18,988 | -28.4% |
| Trade debts | 44 | €6,715 | €976 | -€5,739 | -85.5% |
| Suppliers | 440/4 | €6,715 | €976 | -€5,739 | -85.5% |
| Taxes, remuneration and social security | 45 | €39,829 | €18,684 | -€21,145 | -53.1% |
| Taxes | 450/3 | €31,679 | €13,208 | -€18,471 | -58.3% |
| Remuneration and social security | 454/9 | €8,150 | €5,476 | -€2,674 | -32.8% |
| Other amounts payable | 47/48 | €20,204 | €28,100 | +€7,896 | +39.1% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Turnover | 70 | €212,774 | €216,487 | +€3,713 | +1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,402 | €92,712 | -€690 | -0.7% |
| Remuneration, social security and pensions | 62 | €82,292 | €51,127 | -€31,165 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,226 | €13,478 | +€252 | +1.9% |
| Other operating charges | 640/8 | €346 | €754 | +€408 | +118% |
| Gross operating margin | 9900 | €119,372 | €123,775 | +€4,403 | +3.7% |
| Operating profit (loss) | 9901 | €23,508 | €58,416 | +€34,908 | +148% |
| Financial income | 75/76B | €274 | €322 | +€48 | +17.5% |
| Recurring financial income | 75 | €274 | €322 | +€48 | +17.5% |
| Financial charges | 65/66B | €390 | €368 | -€22 | -5.6% |
| Recurring financial charges | 65 | €390 | €368 | -€22 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €23,392 | €58,370 | +€34,978 | +150% |
| Income taxes | 67/77 | €7,204 | €4,916 | -€2,288 | -31.8% |
| Profit (loss) for the period | 9904 | €16,188 | €53,454 | +€37,266 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €16,188 | €53,454 | +€37,266 | +230% |
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 20 October 2026 via checked.be.