CABLI: 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.
CABLI
Largest movements
- Receivables within one year -€451,697
down €451,697 (-55.5%), from €813,847 to €362,150
of which Trade receivables: -€457,506
- Receivables after one year -€181,787
no longer reported in 2025 (was €181,787)
- Tangible fixed assets -€156,488
down €156,488 (-33.5%), from €466,958 to €310,470
of which Land and buildings: -€189,508
- Cash -€54,372
down €54,372 (-44.2%), from €122,930 to €68,558
mainly Trade debts (-€408,644) and Short-term financial debts (-€204,374)
- Stocks and contracts +€25,395
up €25,395 (+5.7%), from €445,690 to €471,085
of which Stocks: +€16,164
- Trade debts -€408,644
down €408,644 (-68.7%), from €594,976 to €186,332
- Short-term financial debts -€204,374
down €204,374 (-39.4%), from €518,479 to €314,105
- Current portion of long-term debt -€67,750
down €67,750 (-43.0%), from €157,405 to €89,656
- Debts after one year -€61,300
down €61,300 (-22.0%), from €279,205 to €217,905
- Other debts -€39,740
down €39,740 (-65.4%), from €60,765 to €21,025
- Gross operating margin +€111,115
up €111,115 (+21.0%), from €527,949 to €639,063
- Financial income -€36,333
down €36,333 (-85.2%), from €42,642 to €6,309
of which Non-recurring financial income: -€29,393
- Staff costs +€34,634
up €34,634 (+9.8%), from €353,957 to €388,591
- Other operating charges +€13,640
up €13,640 (+121.5%), from €11,226 to €24,866
- Taxes +€12,883
up €12,883 (+244.6%), from €5,268 to €18,150
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 | €2,035,438 | €1,212,264 | -€823,175 | -40.4% |
| Fixed assets | 21/28 | €466,958 | €310,470 | -€156,488 | -33.5% |
| Tangible fixed assets | 22/27 | €466,958 | €310,470 | -€156,488 | -33.5% |
| Land and buildings | 22 | €245,120 | €55,612 | -€189,508 | -77.3% |
| Plant, machinery and equipment | 23 | €40,436 | €113,965 | +€73,529 | +181.8% |
| Leasing and similar rights | 25 | €181,401 | €140,893 | -€40,509 | -22.3% |
| Current assets | 29/58 | €1,568,481 | €901,794 | -€666,687 | -42.5% |
| Amounts receivable after more than one year | 29 | €181,787 | - | -€181,787 | |
| Other amounts receivable | 291 | €181,787 | - | -€181,787 | |
| Stocks and contracts in progress | 3 | €445,690 | €471,085 | +€25,395 | +5.7% |
| Stocks | 30/36 | €379,784 | €395,948 | +€16,164 | +4.3% |
| Contracts in progress | 37 | €65,906 | €75,137 | +€9,231 | +14.0% |
| Amounts receivable within one year | 40/41 | €813,847 | €362,150 | -€451,697 | -55.5% |
| Trade receivables | 40 | €767,549 | €310,043 | -€457,506 | -59.6% |
| Other amounts receivable | 41 | €46,298 | €52,107 | +€5,810 | +12.5% |
| Cash at bank and in hand | 54/58 | €122,930 | €68,558 | -€54,372 | -44.2% |
| Deferred charges and accrued income | 490/1 | €4,227 | - | -€4,227 | |
| Total equity and liabilities | 10/49 | €2,035,438 | €1,212,264 | -€823,175 | -40.4% |
| Equity | 10/15 | €322,263 | €291,426 | -€30,837 | -9.6% |
| Contributions | 10/11 | €27,268 | €20,305 | -€6,963 | -25.5% |
| Reserves | 13 | €294,995 | €271,120 | -€23,874 | -8.1% |
| Distributable reserves | 133 | €294,995 | €271,120 | -€23,874 | -8.1% |
| Amounts payable | 17/49 | €1,713,175 | €920,838 | -€792,338 | -46.2% |
| Amounts payable after more than one year | 17 | €279,205 | €217,905 | -€61,300 | -22.0% |
| Financial debts | 170/4 | €279,205 | €217,905 | -€61,300 | -22.0% |
| Amounts payable within one year | 42/48 | €1,424,854 | €683,553 | -€741,301 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €157,405 | €89,656 | -€67,750 | -43.0% |
| Financial debts | 43 | €518,479 | €314,105 | -€204,374 | -39.4% |
| Credit institutions | 430/8 | €518,479 | €314,105 | -€204,374 | -39.4% |
| Trade debts | 44 | €594,976 | €186,332 | -€408,644 | -68.7% |
| Suppliers | 440/4 | €594,976 | €186,332 | -€408,644 | -68.7% |
| Taxes, remuneration and social security | 45 | €93,230 | €72,436 | -€20,794 | -22.3% |
| Taxes | 450/3 | €48,066 | €24,413 | -€23,653 | -49.2% |
| Remuneration and social security | 454/9 | €45,164 | €48,023 | +€2,859 | +6.3% |
| Other amounts payable | 47/48 | €60,765 | €21,025 | -€39,740 | -65.4% |
| Accrued charges and deferred income | 492/3 | €9,117 | €19,380 | +€10,263 | +112.6% |
| Remuneration, social security and pensions | 62 | €353,957 | €388,591 | +€34,634 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,163 | €129,484 | -€4,680 | -3.5% |
| Other operating charges | 640/8 | €11,226 | €24,866 | +€13,640 | +121.5% |
| Gross operating margin | 9900 | €527,949 | €639,063 | +€111,115 | +21.0% |
| Operating profit (loss) | 9901 | €28,602 | €96,122 | +€67,520 | +236.1% |
| Financial income | 75/76B | €42,642 | €6,309 | -€36,333 | -85.2% |
| Recurring financial income | 75 | €13,249 | €6,309 | -€6,940 | -52.4% |
| Non-recurring financial income | 76B | €29,393 | - | -€29,393 | |
| Financial charges | 65/66B | €54,612 | €42,845 | -€11,767 | -21.5% |
| Recurring financial charges | 65 | €54,612 | €42,845 | -€11,767 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €16,632 | €59,586 | +€42,954 | +258.3% |
| Income taxes | 67/77 | €5,268 | €18,150 | +€12,883 | +244.6% |
| Profit (loss) for the period | 9904 | €11,364 | €41,436 | +€30,072 | +264.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,364 | €41,436 | +€30,072 | +264.6% |
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.