CABEO: 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.
CABEO
Largest movements
- Cash +€91,362
up €91,362 (+32.6%), from €280,154 to €371,516
mainly Other debts (+€435,673) and Net result for the year (+€383,710)
- Tangible fixed assets -€23,703
down €23,703 (-13.3%), from €178,453 to €154,750
of which Plant, machinery and equipment: -€16,613
- Other debts +€435,673
up €435,673 (+198.7%), from €219,258 to €654,931
- Profit (loss) carried forward -€320,216
no longer reported in 2025 (was €320,216)
- Debts after one year -€22,538
down €22,538 (-16.9%), from €133,711 to €111,173
- Tax, wage and social debts -€13,939
down €13,939 (-61.0%), from €22,862 to €8,923
- Gross operating margin +€69,663
up €69,663 (+14.7%), from €474,115 to €543,777
- Taxes +€19,523
up €19,523 (+18.8%), from €103,958 to €123,480
- Financial charges -€8,130
down €8,130 (-40.3%), from €20,164 to €12,034
- Depreciation -€7,608
down €7,608 (-23.6%), from €32,269 to €24,661
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 | €724,963 | €803,772 | +€78,809 | +10.9% |
| Fixed assets | 21/28 | €178,453 | €154,750 | -€23,703 | -13.3% |
| Tangible fixed assets | 22/27 | €178,453 | €154,750 | -€23,703 | -13.3% |
| Land and buildings | 22 | €112,066 | €109,248 | -€2,817 | -2.5% |
| Plant, machinery and equipment | 23 | €51,203 | €34,590 | -€16,613 | -32.4% |
| Furniture and vehicles | 24 | €5,642 | €1,678 | -€3,964 | -70.3% |
| Other tangible fixed assets | 26 | €9,543 | €9,234 | -€309 | -3.2% |
| Current assets | 29/58 | €546,510 | €649,022 | +€102,512 | +18.8% |
| Amounts receivable within one year | 40/41 | €156,087 | €164,021 | +€7,934 | +5.1% |
| Trade receivables | 40 | €155,429 | €162,816 | +€7,387 | +4.8% |
| Other amounts receivable | 41 | €659 | €1,206 | +€547 | +83.0% |
| Current investments | 50/53 | €99,000 | €99,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €280,154 | €371,516 | +€91,362 | +32.6% |
| Deferred charges and accrued income | 490/1 | €11,268 | €14,485 | +€3,216 | +28.5% |
| Total equity and liabilities | 10/49 | €724,963 | €803,772 | +€78,809 | +10.9% |
| Equity | 10/15 | €322,216 | €2,000 | -€320,216 | -99.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,216 | - | -€320,216 | |
| Amounts payable | 17/49 | €402,747 | €801,772 | +€399,025 | +99.1% |
| Amounts payable after more than one year | 17 | €133,711 | €111,173 | -€22,538 | -16.9% |
| Financial debts | 170/4 | €133,711 | €111,173 | -€22,538 | -16.9% |
| Amounts payable within one year | 42/48 | €268,518 | €690,315 | +€421,798 | +157.1% |
| Current portion of amounts payable after more than one year | 42 | €23,849 | €24,689 | +€840 | +3.5% |
| Financial debts | 43 | €1,588 | €1,044 | -€544 | -34.3% |
| Credit institutions | 430/8 | €1,588 | €1,044 | -€544 | -34.3% |
| Trade debts | 44 | €961 | €729 | -€232 | -24.2% |
| Suppliers | 440/4 | €961 | €729 | -€232 | -24.2% |
| Taxes, remuneration and social security | 45 | €22,862 | €8,923 | -€13,939 | -61.0% |
| Taxes | 450/3 | €22,862 | €8,923 | -€13,939 | -61.0% |
| Other amounts payable | 47/48 | €219,258 | €654,931 | +€435,673 | +198.7% |
| Accrued charges and deferred income | 492/3 | €518 | €284 | -€235 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,269 | €24,661 | -€7,608 | -23.6% |
| Other operating charges | 640/8 | €1,189 | €4,185 | +€2,996 | +252.0% |
| Non-recurring operating charges | 66A | €584 | €254 | -€331 | -56.6% |
| Gross operating margin | 9900 | €474,115 | €543,777 | +€69,663 | +14.7% |
| Operating profit (loss) | 9901 | €440,073 | €514,678 | +€74,605 | +17.0% |
| Financial income | 75/76B | €5,983 | €4,547 | -€1,436 | -24.0% |
| Recurring financial income | 75 | €5,983 | €4,547 | -€1,436 | -24.0% |
| Financial charges | 65/66B | €20,164 | €12,034 | -€8,130 | -40.3% |
| Recurring financial charges | 65 | €20,164 | €12,034 | -€8,130 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €425,891 | €507,190 | +€81,299 | +19.1% |
| Income taxes | 67/77 | €103,958 | €123,480 | +€19,523 | +18.8% |
| Profit (loss) for the period | 9904 | €321,934 | €383,710 | +€61,776 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €321,934 | €383,710 | +€61,776 | +19.2% |
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 9 October 2026 via checked.be.