CABO: 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.
CABO
Largest movements
- Tangible fixed assets +€47,083
up €47,083 (+15.4%), from €305,315 to €352,398
of which Land and buildings: +€53,621
- Cash -€34,738
down €34,738 (-86.0%), from €40,385 to €5,647
mainly Investment in fixed assets (net) (-€60,030) and Trade debts (-€19,248)
- Receivables within one year +€7,996
up €7,996 (+35.4%), from €22,558 to €30,554
of which Trade receivables: +€5,711
- Debts after one year +€37,076
up €37,076 (+18.1%), from €204,648 to €241,724
of which Other amounts payable: +€19,871
- Trade debts -€19,248
down €19,248 (-81.4%), from €23,633 to €4,385
- Current portion of long-term debt +€8,550
up €8,550 (+62.5%), from €13,687 to €22,237
- Tax, wage and social debts -€7,538
down €7,538 (-92.7%), from €8,131 to €593
of which Taxes: -€6,338
- Depreciation -€39,733
down €39,733 (-75.0%), from €53,003 to €13,270
- Gross operating margin -€22,074
down €22,074 (-45.5%), from €48,564 to €26,490
- Financial charges -€4,336
down €4,336 (-30.1%), from €14,423 to €10,088
- Other operating charges +€874
up €874 (+181%), from €483 to €1,357
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 | €370,514 | €390,367 | +€19,853 | +5.4% |
| Fixed assets | 21/28 | €306,607 | €353,367 | +€46,760 | +15.3% |
| Tangible fixed assets | 22/27 | €305,315 | €352,398 | +€47,083 | +15.4% |
| Land and buildings | 22 | €278,660 | €332,281 | +€53,621 | +19.2% |
| Plant, machinery and equipment | 23 | €5,398 | €3,780 | -€1,618 | -30.0% |
| Furniture and vehicles | 24 | €18,890 | €14,371 | -€4,520 | -23.9% |
| Other tangible fixed assets | 26 | €2,366 | €1,966 | -€400 | -16.9% |
| Financial fixed assets | 28 | €1,292 | €969 | -€323 | -25.0% |
| Current assets | 29/58 | €63,907 | €36,999 | -€26,907 | -42.1% |
| Amounts receivable within one year | 40/41 | €22,558 | €30,554 | +€7,996 | +35.4% |
| Trade receivables | 40 | €609 | €6,321 | +€5,711 | +937% |
| Other amounts receivable | 41 | €21,948 | €24,233 | +€2,285 | +10.4% |
| Cash at bank and in hand | 54/58 | €40,385 | €5,647 | -€34,738 | -86.0% |
| Deferred charges and accrued income | 490/1 | €964 | €799 | -€165 | -17.1% |
| Total equity and liabilities | 10/49 | €370,514 | €390,367 | +€19,853 | +5.4% |
| Equity | 10/15 | €114,911 | €115,001 | +€90 | +0.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €113,411 | €113,501 | +€90 | +0.1% |
| Distributable reserves | 133 | €113,411 | €113,501 | +€90 | +0.1% |
| Amounts payable | 17/49 | €255,602 | €275,366 | +€19,763 | +7.7% |
| Amounts payable after more than one year | 17 | €204,648 | €241,724 | +€37,076 | +18.1% |
| Financial debts | 170/4 | €202,313 | €219,519 | +€17,206 | +8.5% |
| Other amounts payable | 178/9 | €2,335 | €22,206 | +€19,871 | +851% |
| Amounts payable within one year | 42/48 | €50,752 | €32,496 | -€18,255 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €13,687 | €22,237 | +€8,550 | +62.5% |
| Financial debts | 43 | €5,300 | €5,281 | -€19 | -0.4% |
| Credit institutions | 430/8 | €5,300 | €5,281 | -€19 | -0.4% |
| Trade debts | 44 | €23,633 | €4,385 | -€19,248 | -81.4% |
| Suppliers | 440/4 | €23,633 | €4,385 | -€19,248 | -81.4% |
| Taxes, remuneration and social security | 45 | €8,131 | €593 | -€7,538 | -92.7% |
| Taxes | 450/3 | €6,931 | €593 | -€6,338 | -91.4% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Accrued charges and deferred income | 492/3 | €203 | €1,145 | +€942 | +465% |
| Non-recurring operating income | 76A | €1,610 | - | -€1,610 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,003 | €13,270 | -€39,733 | -75.0% |
| Other operating charges | 640/8 | €483 | €1,357 | +€874 | +181% |
| Non-recurring operating charges | 66A | €85 | €34 | -€51 | -59.9% |
| Gross operating margin | 9900 | €48,564 | €26,490 | -€22,074 | -45.5% |
| Operating profit (loss) | 9901 | -€5,007 | €11,829 | +€16,836 | |
| Financial income | 75/76B | €192 | €246 | +€54 | +27.9% |
| Recurring financial income | 75 | €192 | €246 | +€54 | +27.9% |
| Financial charges | 65/66B | €14,423 | €10,088 | -€4,336 | -30.1% |
| Recurring financial charges | 65 | €14,423 | €10,088 | -€4,336 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,238 | €1,987 | +€21,225 | |
| Income taxes | 67/77 | - | €180 | +€180 | |
| Profit (loss) for the period | 9904 | -€19,238 | €1,808 | +€21,045 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,238 | €1,808 | +€21,045 |
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 14 October 2026 via checked.be.