CABERGHS: 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.
CABERGHS
Largest movements
- Tangible fixed assets -€29,484
down €29,484 (-25.2%), from €116,906 to €87,422
of which Furniture and vehicles: -€25,322
- Stocks and contracts -€26,932
down €26,932 (-54.4%), from €49,486 to €22,554
of which Contracts in progress: -€19,070
- Receivables within one year +€15,418
up €15,418 (+63.7%), from €24,191 to €39,609
of which Trade receivables: +€11,927
- Cash -€5,331
down €5,331 (-22.5%), from €23,720 to €18,389
mainly Debts after one year (-€15,433) and Receivables within one year (-€15,418)
- Debts after one year -€15,433
down €15,433 (-56.3%), from €27,412 to €11,979
- Current portion of long-term debt -€12,574
down €12,574 (-44.9%), from €28,007 to €15,433
- Trade debts -€11,768
down €11,768 (-50.6%), from €23,267 to €11,499
- Reserves -€3,674
down €3,674 (-3.9%), from €94,410 to €90,736
- Gross operating margin +€11,851
up €11,851 (+59.5%), from €19,905 to €31,755
- Depreciation -€1,216
down €1,216 (-3.8%), from €32,328 to €31,112
- Financial charges -€642
down €642 (-25.5%), from €2,516 to €1,873
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,304 | €167,975 | -€46,329 | -21.6% |
| Fixed assets | 21/28 | €116,906 | €87,422 | -€29,484 | -25.2% |
| Tangible fixed assets | 22/27 | €116,906 | €87,422 | -€29,484 | -25.2% |
| Land and buildings | 22 | €35,718 | €32,310 | -€3,408 | -9.5% |
| Plant, machinery and equipment | 23 | €1,316 | €562 | -€754 | -57.3% |
| Furniture and vehicles | 24 | €79,871 | €54,550 | -€25,322 | -31.7% |
| Current assets | 29/58 | €97,398 | €80,553 | -€16,845 | -17.3% |
| Stocks and contracts in progress | 3 | €49,486 | €22,554 | -€26,932 | -54.4% |
| Stocks | 30/36 | €19,016 | €11,154 | -€7,862 | -41.3% |
| Contracts in progress | 37 | €30,470 | €11,400 | -€19,070 | -62.6% |
| Amounts receivable within one year | 40/41 | €24,191 | €39,609 | +€15,418 | +63.7% |
| Trade receivables | 40 | €15,962 | €27,889 | +€11,927 | +74.7% |
| Other amounts receivable | 41 | €8,230 | €11,720 | +€3,491 | +42.4% |
| Cash at bank and in hand | 54/58 | €23,720 | €18,389 | -€5,331 | -22.5% |
| Total equity and liabilities | 10/49 | €214,304 | €167,975 | -€46,329 | -21.6% |
| Equity | 10/15 | €113,010 | €109,336 | -€3,674 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,410 | €90,736 | -€3,674 | -3.9% |
| Distributable reserves | 133 | €94,410 | €90,736 | -€3,674 | -3.9% |
| Amounts payable | 17/49 | €101,294 | €58,639 | -€42,655 | -42.1% |
| Amounts payable after more than one year | 17 | €27,412 | €11,979 | -€15,433 | -56.3% |
| Financial debts | 170/4 | €27,412 | €11,979 | -€15,433 | -56.3% |
| Amounts payable within one year | 42/48 | €72,803 | €46,661 | -€26,142 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €28,007 | €15,433 | -€12,574 | -44.9% |
| Trade debts | 44 | €23,267 | €11,499 | -€11,768 | -50.6% |
| Suppliers | 440/4 | €23,267 | €11,499 | -€11,768 | -50.6% |
| Other amounts payable | 47/48 | €21,529 | €19,728 | -€1,801 | -8.4% |
| Accrued charges and deferred income | 492/3 | €1,080 | - | -€1,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,328 | €31,112 | -€1,216 | -3.8% |
| Other operating charges | 640/8 | €2,018 | €1,978 | -€39 | -1.9% |
| Gross operating margin | 9900 | €19,905 | €31,755 | +€11,851 | +59.5% |
| Operating profit (loss) | 9901 | -€14,440 | -€1,334 | +€13,106 | +90.8% |
| Financial charges | 65/66B | €2,516 | €1,873 | -€642 | -25.5% |
| Recurring financial charges | 65 | €2,516 | €1,873 | -€642 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,956 | -€3,208 | +€13,748 | +81.1% |
| Income taxes | 67/77 | €469 | €466 | -€2 | -0.5% |
| Profit (loss) for the period | 9904 | -€17,425 | -€3,674 | +€13,751 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,425 | -€3,674 | +€13,751 | +78.9% |
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.