CABINE: 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.
CABINE
Largest movements
- Tangible fixed assets +€218,077
up €218,077 (+24.6%), from €885,153 to €1.1m
of which Other tangible fixed assets: +€308,857
- Stocks and contracts -€206,969
down €206,969 (-60.0%), from €344,811 to €137,842
- Cash -€78,741
down €78,741 (-87.2%), from €90,278 to €11,537
mainly Debts after one year (-€414,833) and Investment in fixed assets (net) (-€357,918)
- Receivables within one year +€21,593
up €21,593 (+107.0%), from €20,183 to €41,775
of which Trade receivables: +€20,194
- Deferred charges and accrued income +€14,799
up €14,799 (+357.0%), from €4,145 to €18,944
- Debts after one year -€414,833
down €414,833 (-38.7%), from €1.1m to €657,566
- Short-term financial debts +€375,000
new in 2025: €375,000
- Profit (loss) carried forward -€311,690
down €311,690 (-277.5%), from -€112,320 to -€424,010
- Other debts +€250,007
up €250,007 (+1973.1%), from €12,670 to €262,677
- Trade debts +€87,743
up €87,743 (+113.5%), from €77,280 to €165,024
- Gross operating margin -€288,672
down €288,672 (-87.8%), from €328,928 to €40,255
- Depreciation +€9,261
up €9,261 (+7.4%), from €124,839 to €134,099
- Staff costs +€9,123
up €9,123 (+5.6%), from €163,950 to €173,072
- Financial charges +€6,460
up €6,460 (+18.6%), from €34,784 to €41,244
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 | €1,345,100 | €1,319,600 | -€25,500 | -1.9% |
| Fixed assets | 21/28 | €885,683 | €1,109,502 | +€223,818 | +25.3% |
| Intangible fixed assets | 21 | - | €5,335 | +€5,335 | |
| Tangible fixed assets | 22/27 | €885,153 | €1,103,231 | +€218,077 | +24.6% |
| Plant, machinery and equipment | 23 | €747 | €20,157 | +€19,409 | +2596.9% |
| Furniture and vehicles | 24 | €148,977 | €95,360 | -€53,618 | -36.0% |
| Leasing and similar rights | 25 | €735,429 | €678,857 | -€56,571 | -7.7% |
| Other tangible fixed assets | 26 | - | €308,857 | +€308,857 | |
| Financial fixed assets | 28 | €530 | €936 | +€406 | +76.6% |
| Current assets | 29/58 | €459,417 | €210,099 | -€249,318 | -54.3% |
| Stocks and contracts in progress | 3 | €344,811 | €137,842 | -€206,969 | -60.0% |
| Stocks | 30/36 | €344,811 | €137,842 | -€206,969 | -60.0% |
| Amounts receivable within one year | 40/41 | €20,183 | €41,775 | +€21,593 | +107.0% |
| Trade receivables | 40 | €20,183 | €40,376 | +€20,194 | +100.1% |
| Other amounts receivable | 41 | - | €1,399 | +€1,399 | |
| Cash at bank and in hand | 54/58 | €90,278 | €11,537 | -€78,741 | -87.2% |
| Deferred charges and accrued income | 490/1 | €4,145 | €18,944 | +€14,799 | +357.0% |
| Total equity and liabilities | 10/49 | €1,345,100 | €1,319,600 | -€25,500 | -1.9% |
| Equity | 10/15 | €89,409 | -€222,281 | -€311,690 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,729 | €1,729 | = | 0.0% |
| Distributable reserves | 133 | €1,729 | €1,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,320 | -€424,010 | -€311,690 | -277.5% |
| Amounts payable | 17/49 | €1,255,691 | €1,541,881 | +€286,189 | +22.8% |
| Amounts payable after more than one year | 17 | €1,072,399 | €657,566 | -€414,833 | -38.7% |
| Financial debts | 170/4 | €1,072,399 | €657,566 | -€414,833 | -38.7% |
| Amounts payable within one year | 42/48 | €180,547 | €874,315 | +€693,768 | +384.3% |
| Current portion of amounts payable after more than one year | 42 | €38,191 | €39,833 | +€1,642 | +4.3% |
| Financial debts | 43 | - | €375,000 | +€375,000 | |
| Credit institutions | 430/8 | - | €375,000 | +€375,000 | |
| Trade debts | 44 | €77,280 | €165,024 | +€87,743 | +113.5% |
| Suppliers | 440/4 | €77,280 | €165,024 | +€87,743 | +113.5% |
| Taxes, remuneration and social security | 45 | €52,405 | €31,781 | -€20,624 | -39.4% |
| Taxes | 450/3 | €38,458 | €17,128 | -€21,330 | -55.5% |
| Remuneration and social security | 454/9 | €13,947 | €14,653 | +€706 | +5.1% |
| Other amounts payable | 47/48 | €12,670 | €262,677 | +€250,007 | +1973.1% |
| Accrued charges and deferred income | 492/3 | €2,745 | €10,000 | +€7,255 | +264.3% |
| Remuneration, social security and pensions | 62 | €163,950 | €173,072 | +€9,123 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,839 | €134,099 | +€9,261 | +7.4% |
| Other operating charges | 640/8 | €5,241 | €5,648 | +€407 | +7.8% |
| Non-recurring operating charges | 66A | - | €658 | +€658 | |
| Gross operating margin | 9900 | €328,928 | €40,255 | -€288,672 | -87.8% |
| Operating profit (loss) | 9901 | €34,898 | -€273,223 | -€308,121 | |
| Financial income | 75/76B | €5,625 | €2,936 | -€2,689 | -47.8% |
| Recurring financial income | 75 | €5,625 | €36 | -€5,589 | -99.4% |
| Non-recurring financial income | 76B | - | €2,900 | +€2,900 | |
| Financial charges | 65/66B | €34,784 | €41,244 | +€6,460 | +18.6% |
| Recurring financial charges | 65 | €34,784 | €41,244 | +€6,460 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €5,739 | -€311,531 | -€317,270 | |
| Income taxes | 67/77 | €127 | €159 | +€32 | +25.6% |
| Profit (loss) for the period | 9904 | €5,613 | -€311,690 | -€317,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,613 | -€311,690 | -€317,302 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.