Cabka: 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.
What changed
Cabka
NACE 22.220, Manufacture of rubber and plastic products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · €3.1m+€1.4m
Equity
€46.0m
2024 · €41.3m+€4.7m
Cash
€108,539
2024 · €1.7m-€1.5m
Balance sheet total
€57.3m
2024 · €56.3m+€987,431
Largest movements
Assets
- Receivables within one year +€5.7m
up €5.7m (+22.5%), from €25.5m to €31.2m
of which Other amounts receivable: +€10.5m
- Stocks and contracts -€1.8m
down €1.8m (-15.0%), from €11.8m to €10.0m
- Cash -€1.5m
down €1.5m (-93.4%), from €1.7m to €108,539
mainly Trade debts (-€6.7m) and Receivables within one year (-€5.7m)
- Tangible fixed assets -€1.2m
down €1.2m (-7.8%), from €15.4m to €14.2m
of which Plant, machinery and equipment: -€1.8m
Equity and liabilities
- Trade debts -€6.7m
down €6.7m (-51.8%), from €12.9m to €6.2m
- Profit (loss) carried forward +€4.5m
new in 2025: €4.5m
- Debts after one year +€1.6m
up €1.6m (+1114.1%), from €139,886 to €1.7m
- Tax, wage and social debts +€1.1m
up €1.1m (+73.7%), from €1.4m to €2.5m
of which Taxes: +€1.1m
Income statement
- Turnover -€3.5m
down €3.5m (-4.9%), from €73.0m to €69.5m
- Goods and materials -€3.3m
down €3.3m (-9.8%), from €33.5m to €30.2m
of which Purchases: -€3.0m
- Services and other goods -€2.4m
down €2.4m (-11.7%), from €20.9m to €18.4m
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.
Result 2024
€3.1m
Turnover
-€3.5m
Other operating income
-€33,540
Goods and materials
+€3.3m
Services and other goods
+€2.4m
Staff costs
+€542,358
Depreciation
+€116,978
Provisions
-€1,905
Other operating charges
-€16,892
Other operating items
-€855,481
Financial income
+€95,430
Financial charges
-€113,361
Taxes
-€506,463
Result 2025
€4.5m
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.
From operations
-€1.1m
Investment
-€2.0m
Financing
+€1.6m
Cash 2024
€1.7m
From operations (derived)
-€1.1m
Net result for the year
+€4.5m
Depreciation
+€3.4m
Stocks and contracts
+€1.8m
Receivables within one year
-€5.7m
Deferred charges and accrued income
+€28,707
Trade debts
-€6.7m
Tax, wage and social debts
+€1.1m
Accrued charges and deferred income
+€519,744
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.6m
Debts after one year
+€1.6m
Current portion of long-term debt
-€162,853
Contributions, distributions and other
+€164,822
Cash 2025
€108,539
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,327,383 | €57,314,814 | +€987,431 | +1.8% |
| Fixed assets | 21/28 | €17,334,161 | €15,954,134 | -€1.4m | -8.0% |
| Intangible fixed assets | 21 | €700,390 | €523,534 | -€176,856 | -25.3% |
| Tangible fixed assets | 22/27 | €15,448,918 | €14,245,747 | -€1.2m | -7.8% |
| Land and buildings | 22 | €2,357,675 | €2,230,314 | -€127,361 | -5.4% |
| Plant, machinery and equipment | 23 | €10,933,089 | €9,083,903 | -€1.8m | -16.9% |
| Furniture and vehicles | 24 | €49,164 | €39,647 | -€9,517 | -19.4% |
| Leasing and similar rights | 25 | €1,277,892 | €2,067,376 | +€789,484 | +61.8% |
| Other tangible fixed assets | 26 | €831,098 | €824,507 | -€6,591 | -0.8% |
| Financial fixed assets | 28 | €1,184,853 | €1,184,853 | = | 0.0% |
| Affiliated companies | 280/1 | €1,184,853 | €1,184,853 | = | 0.0% |
| Participating interests | 280 | €1,184,853 | €1,184,853 | = | 0.0% |
| Current assets | 29/58 | €38,993,222 | €41,360,680 | +€2.4m | +6.1% |
| Stocks and contracts in progress | 3 | €11,822,848 | €10,048,943 | -€1.8m | -15.0% |
| Stocks | 30/36 | €11,822,848 | €10,048,943 | -€1.8m | -15.0% |
| Raw materials and consumables | 30/31 | €3,816,192 | €3,773,593 | -€42,599 | -1.1% |
| Work in progress | 32 | €2,830,981 | €1,917,407 | -€913,574 | -32.3% |
| Finished goods | 33 | €4,861,247 | €4,163,105 | -€698,142 | -14.4% |
| Goods purchased for resale | 34 | €314,428 | €194,838 | -€119,589 | -38.0% |
| Amounts receivable within one year | 40/41 | €25,462,939 | €31,179,876 | +€5.7m | +22.5% |
| Trade receivables | 40 | €7,443,771 | €2,707,072 | -€4.7m | -63.6% |
| Other amounts receivable | 41 | €18,019,169 | €28,472,804 | +€10.5m | +58.0% |
| Cash at bank and in hand | 54/58 | €1,655,407 | €108,539 | -€1.5m | -93.4% |
| Deferred charges and accrued income | 490/1 | €52,028 | €23,321 | -€28,707 | -55.2% |
| Total equity and liabilities | 10/49 | €56,327,383 | €57,314,814 | +€987,431 | +1.8% |
| Equity | 10/15 | €41,337,755 | €46,039,502 | +€4.7m | +11.4% |
| Contributions | 10/11 | €11,950,000 | €11,950,000 | = | 0.0% |
| Capital | 10 | €11,950,000 | €11,950,000 | = | 0.0% |
| Issued capital | 100 | €11,950,000 | €11,950,000 | = | 0.0% |
| Revaluation surpluses | 12 | €177,867 | €192,689 | +€14,822 | +8.3% |
| Reserves | 13 | €29,209,889 | €29,209,889 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,195,000 | €1,195,000 | = | 0.0% |
| Legal reserve | 130 | €1,195,000 | €1,195,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €28,014,889 | €28,014,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,536,925 | +€4.5m | |
| Investment grants | 15 | - | €150,000 | +€150,000 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €14,989,627 | €11,275,311 | -€3.7m | -24.8% |
| Amounts payable after more than one year | 17 | €139,886 | €1,698,426 | +€1.6m | +1114.1% |
| Financial debts | 170/4 | €139,886 | €1,698,426 | +€1.6m | +1114.1% |
| Leasing and similar obligations | 172 | €139,886 | €1,698,426 | +€1.6m | +1114.1% |
| Amounts payable within one year | 42/48 | €14,849,741 | €9,057,142 | -€5.8m | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €479,960 | €317,108 | -€162,853 | -33.9% |
| Trade debts | 44 | €12,927,596 | €6,235,147 | -€6.7m | -51.8% |
| Suppliers | 440/4 | €12,927,596 | €6,235,147 | -€6.7m | -51.8% |
| Taxes, remuneration and social security | 45 | €1,442,185 | €2,504,887 | +€1.1m | +73.7% |
| Taxes | 450/3 | €176,630 | €1,325,966 | +€1.1m | +650.7% |
| Remuneration and social security | 454/9 | €1,265,554 | €1,178,920 | -€86,634 | -6.8% |
| Accrued charges and deferred income | 492/3 | - | €519,744 | +€519,744 | |
| Operating income | 70/76A | €73,819,253 | €69,384,062 | -€4.4m | -6.0% |
| Turnover | 70 | €73,000,748 | €69,454,577 | -€3.5m | -4.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €178,012 | -€1,611,716 | -€1.8m | |
| Other operating income | 74 | €637,260 | €603,720 | -€33,540 | -5.3% |
| Non-recurring operating income | 76A | €3,233 | €937,481 | +€934,247 | +28894.3% |
| Operating charges | 60/66A | €69,596,707 | €63,213,234 | -€6.4m | -9.2% |
| Goods for resale, raw materials and consumables | 60 | €33,524,372 | €30,225,655 | -€3.3m | -9.8% |
| Purchases | 600/8 | €33,080,301 | €30,063,467 | -€3.0m | -9.1% |
| Change in stocks: decrease (increase) | 609 | €444,071 | €162,188 | -€281,883 | -63.5% |
| Services and other goods | 61 | €20,888,810 | €18,444,593 | -€2.4m | -11.7% |
| Remuneration, social security and pensions | 62 | €11,565,102 | €11,022,744 | -€542,358 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,521,056 | €3,404,078 | -€116,978 | -3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,905 | €0 | +€1,905 | |
| Other operating charges | 640/8 | €99,272 | €116,165 | +€16,892 | +17.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €4,222,546 | €6,170,828 | +€1.9m | +46.1% |
| Financial income | 75/76B | €236,128 | €331,558 | +€95,430 | +40.4% |
| Recurring financial income | 75 | €236,128 | €331,558 | +€95,430 | +40.4% |
| Income from current assets | 751 | €215,548 | €326,201 | +€110,653 | +51.3% |
| Other financial income | 752/9 | €20,581 | €5,357 | -€15,223 | -74.0% |
| Financial charges | 65/66B | €217,726 | €331,086 | +€113,361 | +52.1% |
| Recurring financial charges | 65 | €217,726 | €331,086 | +€113,361 | +52.1% |
| Debt charges | 650 | €38,710 | €65,967 | +€27,257 | +70.4% |
| Other financial charges | 652/9 | €179,015 | €265,119 | +€86,104 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €4,240,949 | €6,171,300 | +€1.9m | +45.5% |
| Income taxes | 67/77 | €1,127,912 | €1,634,375 | +€506,463 | +44.9% |
| Taxes | 670/3 | €1,188,308 | €1,635,000 | +€446,692 | +37.6% |
| Tax adjustments and reversals of tax provisions | 77 | €60,395 | €625 | -€59,770 | -99.0% |
| Profit (loss) for the period | 9904 | €3,113,036 | €4,536,925 | +€1.4m | +45.7% |
| Transfer from tax-exempt reserves | 789 | €842,000 | €0 | -€842,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,955,036 | €4,536,925 | +€581,889 | +14.7% |
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 10 October 2026 via checked.be.