CABLE TRADING: 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.
CABLE TRADING
Largest movements
- Tangible fixed assets -€127,035
down €127,035 (-61.6%), from €206,379 to €79,344
of which Land and buildings: -€108,255
- Receivables within one year +€61,697
up €61,697 (+13.6%), from €454,360 to €516,057
of which Other amounts receivable: +€197,341
- Stocks and contracts +€33,619
up €33,619 (+128%), from €26,350 to €59,969
- Cash +€32,485
up €32,485 (+19.6%), from €165,338 to €197,823
mainly Net result for the year (+€343,049) and Other debts (+€299,785)
- Other debts +€299,785
up €299,785 (+287%), from €104,483 to €404,268
- Debts after one year -€200,876
down €200,876 (-84.4%), from €238,090 to €37,214
- Profit (loss) carried forward -€134,996
down €134,996 (-100%), from €134,996 to €0
- Reserves +€74,087
up €74,087 (+85.5%), from €86,700 to €160,787
of which Tax-exempt reserves: +€76,587
- Tax, wage and social debts -€18,312
down €18,312 (-66.6%), from €27,488 to €9,176
of which Taxes: -€18,312
- Gross operating margin +€240,759
up €240,759 (+113%), from €213,213 to €453,972
- Taxes +€64,756
up €64,756 (+115%), from €56,470 to €121,226
- Depreciation -€9,783
down €9,783 (-34.7%), from €28,165 to €18,382
- Staff costs -€9,384
down €9,384 (-99.5%), from €9,435 to €51
- Financial income +€5,008
up €5,008 (+11.9%), from €41,962 to €46,970
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 | €853,709 | €862,593 | +€8,885 | +1.0% |
| Fixed assets | 21/28 | €206,379 | €79,344 | -€127,035 | -61.6% |
| Tangible fixed assets | 22/27 | €206,379 | €79,344 | -€127,035 | -61.6% |
| Land and buildings | 22 | €108,255 | €0 | -€108,255 | -100% |
| Furniture and vehicles | 24 | €6,289 | €3,640 | -€2,649 | -42.1% |
| Other tangible fixed assets | 26 | €91,835 | €75,704 | -€16,130 | -17.6% |
| Current assets | 29/58 | €647,330 | €783,249 | +€135,919 | +21.0% |
| Stocks and contracts in progress | 3 | €26,350 | €59,969 | +€33,619 | +128% |
| Stocks | 30/36 | €26,350 | €59,969 | +€33,619 | +128% |
| Amounts receivable within one year | 40/41 | €454,360 | €516,057 | +€61,697 | +13.6% |
| Trade receivables | 40 | €430,506 | €294,862 | -€135,643 | -31.5% |
| Other amounts receivable | 41 | €23,854 | €221,195 | +€197,341 | +827% |
| Cash at bank and in hand | 54/58 | €165,338 | €197,823 | +€32,485 | +19.6% |
| Deferred charges and accrued income | 490/1 | €1,282 | €9,401 | +€8,119 | +633% |
| Total equity and liabilities | 10/49 | €853,709 | €862,593 | +€8,885 | +1.0% |
| Equity | 10/15 | €246,696 | €185,787 | -€60,909 | -24.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €86,700 | €160,787 | +€74,087 | +85.5% |
| Tax-exempt reserves | 132 | €84,200 | €160,787 | +€76,587 | +91.0% |
| Distributable reserves | 133 | €2,500 | €0 | -€2,500 | -100% |
| Profit (loss) carried forward | 14 | €134,996 | €0 | -€134,996 | -100% |
| Amounts payable | 17/49 | €607,013 | €676,806 | +€69,794 | +11.5% |
| Amounts payable after more than one year | 17 | €238,090 | €37,214 | -€200,876 | -84.4% |
| Financial debts | 170/4 | €238,090 | €37,214 | -€200,876 | -84.4% |
| Amounts payable within one year | 42/48 | €368,002 | €638,245 | +€270,244 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €21,245 | €9,594 | -€11,652 | -54.8% |
| Financial debts | 43 | €187,931 | €187,836 | -€95 | -0.1% |
| Credit institutions | 430/8 | €37,931 | €37,836 | -€95 | -0.2% |
| Other loans | 439 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €26,855 | €27,371 | +€516 | +1.9% |
| Suppliers | 440/4 | €26,855 | €27,371 | +€516 | +1.9% |
| Taxes, remuneration and social security | 45 | €27,488 | €9,176 | -€18,312 | -66.6% |
| Taxes | 450/3 | €27,488 | €9,176 | -€18,312 | -66.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €104,483 | €404,268 | +€299,785 | +287% |
| Accrued charges and deferred income | 492/3 | €921 | €1,347 | +€426 | +46.3% |
| Remuneration, social security and pensions | 62 | €9,435 | €51 | -€9,384 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,165 | €18,382 | -€9,783 | -34.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,564 | €2,642 | +€78 | +3.1% |
| Gross operating margin | 9900 | €213,213 | €453,972 | +€240,759 | +113% |
| Operating profit (loss) | 9901 | €173,049 | €432,897 | +€259,848 | +150% |
| Financial income | 75/76B | €41,962 | €46,970 | +€5,008 | +11.9% |
| Recurring financial income | 75 | €41,962 | €46,970 | +€5,008 | +11.9% |
| Financial charges | 65/66B | €16,839 | €15,592 | -€1,246 | -7.4% |
| Recurring financial charges | 65 | €16,839 | €15,592 | -€1,246 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €198,172 | €464,275 | +€266,102 | +134% |
| Income taxes | 67/77 | €56,470 | €121,226 | +€64,756 | +115% |
| Profit (loss) for the period | 9904 | €141,703 | €343,049 | +€201,346 | +142% |
| Transfer from tax-exempt reserves | 789 | - | €7,613 | +€7,613 | |
| Transfer to tax-exempt reserves | 689 | €0 | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,703 | €266,462 | +€124,759 | +88.0% |
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 15 October 2026 via checked.be.