CABEST: 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.
CABEST
Largest movements
- Current investments +€1.6m
up €1.6m (+326.0%), from €500,000 to €2.1m
- Tangible fixed assets -€918,137
down €918,137 (-46.7%), from €2.0m to €1.0m
of which Land and buildings: -€878,137
- Cash -€39,297
down €39,297 (-61.5%), from €63,851 to €24,553
mainly Current investments (-€1.6m) and Current portion of long-term debt (-€320,000)
- Reserves +€668,212
up €668,212 (+153.6%), from €434,986 to €1.1m
of which Tax-exempt reserves: +€522,192
- Current portion of long-term debt -€320,000
down €320,000 (-100.0%), from €320,000 to €0
- Provisions +€180,733
up €180,733 (+151.6%), from €119,212 to €299,945
- Accrued charges and deferred income +€108,445
up €108,445 (+92.3%), from €117,436 to €225,881
- Trade debts +€42,855
up €42,855 (+957.4%), from €4,476 to €47,331
- Gross operating margin +€939,388
up €939,388 (+2313.5%), from €40,604 to €979,991
- Depreciation -€35,580
down €35,580 (-63.5%), from €55,994 to €20,414
- Financial income +€12,379
up €12,379 (+129.1%), from €9,590 to €21,969
- Taxes +€10,895
up €10,895 (+2282.9%), from €477 to €11,372
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 | €3,039,903 | €3,717,237 | +€677,335 | +22.3% |
| Fixed assets | 21/28 | €1,964,355 | €1,046,218 | -€918,137 | -46.7% |
| Tangible fixed assets | 22/27 | €1,964,355 | €1,046,218 | -€918,137 | -46.7% |
| Land and buildings | 22 | €1,909,840 | €1,031,703 | -€878,137 | -46.0% |
| Plant, machinery and equipment | 23 | €44,941 | €12,638 | -€32,303 | -71.9% |
| Furniture and vehicles | 24 | €9,574 | €1,877 | -€7,697 | -80.4% |
| Current assets | 29/58 | €1,075,548 | €2,671,019 | +€1.6m | +148.3% |
| Amounts receivable after more than one year | 29 | €495,524 | €495,524 | = | 0.0% |
| Other amounts receivable | 291 | €495,524 | €495,524 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,530 | €15,266 | +€2,736 | +21.8% |
| Trade receivables | 40 | - | €784 | +€784 | |
| Other amounts receivable | 41 | €12,530 | €14,482 | +€1,952 | +15.6% |
| Current investments | 50/53 | €500,000 | €2,130,000 | +€1.6m | +326.0% |
| Cash at bank and in hand | 54/58 | €63,851 | €24,553 | -€39,297 | -61.5% |
| Deferred charges and accrued income | 490/1 | €3,643 | €5,676 | +€2,033 | +55.8% |
| Total equity and liabilities | 10/49 | €3,039,903 | €3,717,237 | +€677,335 | +22.3% |
| Equity | 10/15 | €944,986 | €1,613,198 | +€668,212 | +70.7% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Capital | 10 | €510,000 | €510,000 | = | 0.0% |
| Issued capital | 100 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | €434,986 | €1,103,198 | +€668,212 | +153.6% |
| Non-distributable reserves | 130/1 | €51,000 | €51,000 | = | 0.0% |
| Legal reserve | 130 | €51,000 | €51,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €375,719 | €897,912 | +€522,192 | +139.0% |
| Distributable reserves | 133 | €8,267 | €154,286 | +€146,019 | +1766.3% |
| Provisions and deferred taxes | 16 | €119,212 | €299,945 | +€180,733 | +151.6% |
| Deferred taxes | 168 | €119,212 | €299,945 | +€180,733 | +151.6% |
| Amounts payable | 17/49 | €1,975,704 | €1,804,094 | -€171,610 | -8.7% |
| Amounts payable after more than one year | 17 | €1,530,316 | €1,530,049 | -€267 | 0.0% |
| Other amounts payable | 178/9 | €1,530,316 | €1,530,049 | -€267 | 0.0% |
| Amounts payable within one year | 42/48 | €327,952 | €48,164 | -€279,788 | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €320,000 | €0 | -€320,000 | -100.0% |
| Trade debts | 44 | €4,476 | €47,331 | +€42,855 | +957.4% |
| Suppliers | 440/4 | €4,476 | €47,331 | +€42,855 | +957.4% |
| Taxes, remuneration and social security | 45 | €3,476 | €833 | -€2,643 | -76.0% |
| Taxes | 450/3 | €3,476 | €833 | -€2,643 | -76.0% |
| Accrued charges and deferred income | 492/3 | €117,436 | €225,881 | +€108,445 | +92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,994 | €20,414 | -€35,580 | -63.5% |
| Other operating charges | 640/8 | €11,399 | €8,564 | -€2,835 | -24.9% |
| Gross operating margin | 9900 | €40,604 | €979,991 | +€939,388 | +2313.5% |
| Operating profit (loss) | 9901 | -€26,790 | €951,014 | +€977,803 | |
| Financial income | 75/76B | €9,590 | €21,969 | +€12,379 | +129.1% |
| Recurring financial income | 75 | €9,590 | €21,969 | +€12,379 | +129.1% |
| Financial charges | 65/66B | €116,821 | €112,666 | -€4,155 | -3.6% |
| Recurring financial charges | 65 | €116,821 | €112,666 | -€4,155 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€134,020 | €860,317 | +€994,337 | |
| Transfer from deferred taxes | 780 | €5,087 | €63,052 | +€57,965 | +1139.5% |
| Transfer to deferred taxes | 680 | - | €243,785 | +€243,785 | |
| Income taxes | 67/77 | €477 | €11,372 | +€10,895 | +2282.9% |
| Profit (loss) for the period | 9904 | -€129,411 | €668,212 | +€797,623 | |
| Transfer from tax-exempt reserves | 789 | €16,934 | €209,161 | +€192,227 | +1135.2% |
| Transfer to tax-exempt reserves | 689 | - | €731,354 | +€731,354 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,477 | €146,019 | +€258,497 |
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 12 October 2026 via checked.be.