CABEXCOBEL: 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.
CABEXCOBEL
Largest movements
- Receivables within one year +€18,624
up €18,624 (+65.4%), from €28,492 to €47,116
of which Other amounts receivable: +€19,700
- Tangible fixed assets -€5,341
down €5,341 (-27.3%), from €19,543 to €14,201
of which Furniture and vehicles: -€5,016
- Cash +€1,950
up €1,950 (+15.6%), from €12,526 to €14,476
mainly Advances received (+€9,922) and Depreciation (+€5,341)
- Advances received +€9,922
new in 2025: €9,922
- Debts after one year -€2,333
down €2,333 (-15.5%), from €15,050 to €12,718
- Trade debts +€2,215
up €2,215 (+67.3%), from €3,293 to €5,508
- Reserves +€2,141
up €2,141 (+8.4%), from €25,359 to €27,500
of which Distributable reserves: +€4,000
- Contributions +€1,859
up €1,859 (+15.0%), from €12,400 to €14,259
- Taxes -€3,180
down €3,180 (-88.8%), from €3,580 to €400
- Gross operating margin -€1,018
down €1,018 (-7.6%), from €13,474 to €12,456
- Other operating charges -€211
down €211 (-16.5%), from €1,282 to €1,071
- Financial charges -€141
down €141 (-8.1%), from €1,740 to €1,599
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 | €61,442 | €76,602 | +€15,160 | +24.7% |
| Fixed assets | 21/28 | €19,543 | €14,201 | -€5,341 | -27.3% |
| Tangible fixed assets | 22/27 | €19,543 | €14,201 | -€5,341 | -27.3% |
| Land and buildings | 22 | €2,862 | €2,537 | -€325 | -11.4% |
| Furniture and vehicles | 24 | €16,681 | €11,665 | -€5,016 | -30.1% |
| Current assets | 29/58 | €41,899 | €62,401 | +€20,502 | +48.9% |
| Amounts receivable within one year | 40/41 | €28,492 | €47,116 | +€18,624 | +65.4% |
| Trade receivables | 40 | €9,513 | €8,437 | -€1,076 | -11.3% |
| Other amounts receivable | 41 | €18,979 | €38,679 | +€19,700 | +104% |
| Cash at bank and in hand | 54/58 | €12,526 | €14,476 | +€1,950 | +15.6% |
| Deferred charges and accrued income | 490/1 | €881 | €809 | -€72 | -8.2% |
| Total equity and liabilities | 10/49 | €61,442 | €76,602 | +€15,160 | +24.7% |
| Equity | 10/15 | €37,818 | €41,884 | +€4,066 | +10.8% |
| Contributions | 10/11 | €12,400 | €14,259 | +€1,859 | +15.0% |
| Reserves | 13 | €25,359 | €27,500 | +€2,141 | +8.4% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €23,500 | €27,500 | +€4,000 | +17.0% |
| Profit (loss) carried forward | 14 | €59 | €125 | +€66 | +111% |
| Amounts payable | 17/49 | €23,623 | €34,718 | +€11,094 | +47.0% |
| Amounts payable after more than one year | 17 | €15,050 | €12,718 | -€2,333 | -15.5% |
| Financial debts | 170/4 | €15,050 | €12,718 | -€2,333 | -15.5% |
| Amounts payable within one year | 42/48 | €8,573 | €22,000 | +€13,427 | +157% |
| Current portion of amounts payable after more than one year | 42 | €2,160 | €2,333 | +€173 | +8.0% |
| Trade debts | 44 | €3,293 | €5,508 | +€2,215 | +67.3% |
| Suppliers | 440/4 | €3,293 | €5,508 | +€2,215 | +67.3% |
| Advances received on contracts in progress | 46 | - | €9,922 | +€9,922 | |
| Taxes, remuneration and social security | 45 | €3,120 | €4,238 | +€1,118 | +35.8% |
| Taxes | 450/3 | €3,120 | €4,238 | +€1,118 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,341 | €5,341 | = | 0.0% |
| Other operating charges | 640/8 | €1,282 | €1,071 | -€211 | -16.5% |
| Gross operating margin | 9900 | €13,474 | €12,456 | -€1,018 | -7.6% |
| Operating profit (loss) | 9901 | €6,851 | €6,044 | -€807 | -11.8% |
| Financial income | 75/76B | €11 | €21 | +€10 | +96.5% |
| Recurring financial income | 75 | €11 | €21 | +€10 | +96.5% |
| Financial charges | 65/66B | €1,740 | €1,599 | -€141 | -8.1% |
| Recurring financial charges | 65 | €1,740 | €1,599 | -€141 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €5,122 | €4,466 | -€656 | -12.8% |
| Income taxes | 67/77 | €3,580 | €400 | -€3,180 | -88.8% |
| Profit (loss) for the period | 9904 | €1,541 | €4,066 | +€2,524 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €1,541 | €4,066 | +€2,524 | +164% |
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 14 October 2026 via checked.be.