CABO: what changed
Two fiscal 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.
CABO
Largest movements
- Receivables within one year -€37,770
down €37,770 (-39.2%), from €96,342 to €58,572
of which Other amounts receivable: -€34,643
- Stocks and contracts -€5,000
down €5,000 (-14.0%), from €35,614 to €30,614
- Cash +€3,460
up €3,460 (+80.5%), from €4,297 to €7,756
mainly Receivables within one year (+€37,770) and Depreciation (+€32,878)
- Current portion of long-term debt -€29,638
no longer reported in 2025 (was €29,638)
- Tax, wage and social debts -€22,766
down €22,766 (-49.2%), from €46,253 to €23,487
of which Taxes: -€13,129
- Profit (loss) carried forward +€10,928
up €10,928 (+31.9%), from -€34,220 to -€23,292
- Short-term financial debts -€7,246
down €7,246 (-21.5%), from €33,631 to €26,386
- Trade debts +€6,969
up €6,969 (+49.8%), from €14,004 to €20,973
- Staff costs +€40,204
up €40,204 (+15.1%), from €266,480 to €306,685
- Gross operating margin +€19,315
up €19,315 (+5.5%), from €351,364 to €370,679
- Other operating charges -€8,232
down €8,232 (-43.0%), from €19,125 to €10,893
- Taxes +€5,879
up €5,879 (+939.3%), from €626 to €6,505
- Depreciation -€4,400
down €4,400 (-11.8%), from €37,277 to €32,878
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 | €333,281 | €288,601 | -€44,679 | -13.4% |
| Fixed assets | 21/28 | €188,079 | €185,288 | -€2,791 | -1.5% |
| Tangible fixed assets | 22/27 | €180,384 | €177,593 | -€2,791 | -1.5% |
| Land and buildings | 22 | €84,249 | €84,249 | = | 0.0% |
| Plant, machinery and equipment | 23 | €63,702 | €76,840 | +€13,138 | +20.6% |
| Furniture and vehicles | 24 | €32,434 | €16,504 | -€15,929 | -49.1% |
| Financial fixed assets | 28 | €7,695 | €7,695 | = | 0.0% |
| Current assets | 29/58 | €145,201 | €103,313 | -€41,888 | -28.8% |
| Stocks and contracts in progress | 3 | €35,614 | €30,614 | -€5,000 | -14.0% |
| Stocks | 30/36 | €35,614 | €30,614 | -€5,000 | -14.0% |
| Amounts receivable within one year | 40/41 | €96,342 | €58,572 | -€37,770 | -39.2% |
| Trade receivables | 40 | €3,127 | - | -€3,127 | |
| Other amounts receivable | 41 | €93,215 | €58,572 | -€34,643 | -37.2% |
| Cash at bank and in hand | 54/58 | €4,297 | €7,756 | +€3,460 | +80.5% |
| Deferred charges and accrued income | 490/1 | €8,949 | €6,371 | -€2,578 | -28.8% |
| Total equity and liabilities | 10/49 | €333,281 | €288,601 | -€44,679 | -13.4% |
| Equity | 10/15 | €206,827 | €217,756 | +€10,928 | +5.3% |
| Contributions | 10/11 | €88,593 | €88,593 | = | 0.0% |
| Revaluation surpluses | 12 | €152,455 | €152,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,220 | -€23,292 | +€10,928 | +31.9% |
| Amounts payable | 17/49 | €126,453 | €70,846 | -€55,607 | -44.0% |
| Amounts payable within one year | 42/48 | €126,453 | €70,846 | -€55,607 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €29,638 | - | -€29,638 | |
| Financial debts | 43 | €33,631 | €26,386 | -€7,246 | -21.5% |
| Credit institutions | 430/8 | €33,631 | €26,386 | -€7,246 | -21.5% |
| Trade debts | 44 | €14,004 | €20,973 | +€6,969 | +49.8% |
| Suppliers | 440/4 | €14,004 | €20,973 | +€6,969 | +49.8% |
| Taxes, remuneration and social security | 45 | €46,253 | €23,487 | -€22,766 | -49.2% |
| Taxes | 450/3 | €36,616 | €23,487 | -€13,129 | -35.9% |
| Remuneration and social security | 454/9 | €9,636 | - | -€9,636 | |
| Other amounts payable | 47/48 | €2,926 | - | -€2,926 | |
| Remuneration, social security and pensions | 62 | €266,480 | €306,685 | +€40,204 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,277 | €32,878 | -€4,400 | -11.8% |
| Other operating charges | 640/8 | €19,125 | €10,893 | -€8,232 | -43.0% |
| Gross operating margin | 9900 | €351,364 | €370,679 | +€19,315 | +5.5% |
| Operating profit (loss) | 9901 | €28,482 | €20,224 | -€8,258 | -29.0% |
| Financial income | 75/76B | €4,321 | €2,835 | -€1,486 | -34.4% |
| Recurring financial income | 75 | €4,321 | €2,835 | -€1,486 | -34.4% |
| Financial charges | 65/66B | €6,169 | €5,625 | -€544 | -8.8% |
| Recurring financial charges | 65 | €6,169 | €5,625 | -€544 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €26,633 | €17,433 | -€9,200 | -34.5% |
| Income taxes | 67/77 | €626 | €6,505 | +€5,879 | +939.3% |
| Profit (loss) for the period | 9904 | €26,007 | €10,928 | -€15,079 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,007 | €10,928 | -€15,079 | -58.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.