CABRA: 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.
What changed
CABRA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €2.1m-€17,190
Equity
€20.0m
2024 · €17.9m+€2.1m
Cash
€902,726
2024 · €1.3m-€382,134
Balance sheet total
€25.2m
2024 · €26.1m-€892,953
Largest movements
Assets
- Current investments -€563,450
down €563,450 (-20.2%), from €2.8m to €2.2m
- Cash -€382,134
down €382,134 (-29.7%), from €1.3m to €902,726
mainly Other debts (-€2.9m) and Debts after one year (-€198,850)
Equity and liabilities
- Other debts -€2.9m
down €2.9m (-42.0%), from €6.9m to €4.0m
- Profit (loss) carried forward +€2.1m
up €2.1m (+18.1%), from €11.6m to €13.7m
Income statement
- Financial income -€43,058
down €43,058 (-2.0%), from €2.1m to €2.1m
of which Financial income: -€28,951
- Gross operating margin +€29,273
up €29,273 (+10.3%), from €285,147 to €314,420
- Staff costs +€12,718
up €12,718 (+26.1%), from €48,747 to €61,465
- Financial charges -€12,675
down €12,675 (-31.8%), from €39,865 to €27,190
of which Non-recurring financial charges: -€15,533
- Taxes +€3,348
up €3,348 (+12.0%), from €27,785 to €31,133
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
€2.1m
Gross operating margin
+€29,273
Staff costs
-€12,718
Depreciation
+€638
Other operating charges
-€652
Financial income
-€43,058
Financial charges
+€12,675
Taxes
-€3,348
Result 2025
€2.1m
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
-€580,858
Investment
+€395,572
Financing
-€196,848
Cash 2024
€1.3m
From operations (derived)
-€580,858
Net result for the year
+€2.1m
Depreciation
+€146,999
Receivables within one year
-€36,089
Smaller working-capital items
+€2,665
Trade debts
+€116,832
Other debts
-€2.9m
Investment (derived)
+€395,572
Investment in fixed assets (net)
-€167,878
Current investments
+€563,450
Financing
-€196,848
Debts after one year
-€198,850
Current portion of long-term debt
+€2,095
Short-term financial debts
-€93
Cash 2025
€902,726
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,060,855 | €25,167,901 | -€892,953 | -3.4% |
| Fixed assets | 21/28 | €21,372,706 | €21,393,584 | +€20,878 | +0.1% |
| Tangible fixed assets | 22/27 | €1,447,328 | €1,464,855 | +€17,527 | +1.2% |
| Land and buildings | 22 | €1,431,080 | €1,423,364 | -€7,716 | -0.5% |
| Plant, machinery and equipment | 23 | €15,884 | €41,491 | +€25,607 | +161.2% |
| Furniture and vehicles | 24 | €364 | €0 | -€364 | -100.0% |
| Financial fixed assets | 28 | €19,925,378 | €19,928,728 | +€3,351 | 0.0% |
| Current assets | 29/58 | €4,688,149 | €3,774,317 | -€913,832 | -19.5% |
| Amounts receivable within one year | 40/41 | €605,153 | €641,241 | +€36,089 | +6.0% |
| Trade receivables | 40 | €6,827 | €54,446 | +€47,620 | +697.6% |
| Other amounts receivable | 41 | €598,326 | €586,795 | -€11,531 | -1.9% |
| Current investments | 50/53 | €2,786,618 | €2,223,168 | -€563,450 | -20.2% |
| Cash at bank and in hand | 54/58 | €1,284,860 | €902,726 | -€382,134 | -29.7% |
| Deferred charges and accrued income | 490/1 | €11,519 | €7,182 | -€4,337 | -37.6% |
| Total equity and liabilities | 10/49 | €26,060,855 | €25,167,901 | -€892,953 | -3.4% |
| Equity | 10/15 | €17,878,679 | €19,973,949 | +€2.1m | +11.7% |
| Contributions | 10/11 | €5,811,957 | €5,811,957 | = | 0.0% |
| Capital | 10 | €699,477 | €699,477 | = | 0.0% |
| Issued capital | 100 | €699,477 | €699,477 | = | 0.0% |
| Outside capital | 11 | €5,112,480 | €5,112,480 | = | 0.0% |
| Share premium | 1100/10 | €5,112,480 | €5,112,480 | = | 0.0% |
| Reserves | 13 | €483,172 | €483,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €227,896 | €227,896 | = | 0.0% |
| Legal reserve | 130 | €227,896 | €227,896 | = | 0.0% |
| Distributable reserves | 133 | €255,276 | €255,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,583,550 | €13,678,820 | +€2.1m | +18.1% |
| Amounts payable | 17/49 | €8,182,176 | €5,193,952 | -€3.0m | -36.5% |
| Amounts payable after more than one year | 17 | €1,015,628 | €816,778 | -€198,850 | -19.6% |
| Financial debts | 170/4 | €1,015,628 | €816,778 | -€198,850 | -19.6% |
| Amounts payable within one year | 42/48 | €7,157,047 | €4,369,378 | -€2.8m | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €196,756 | €198,850 | +€2,095 | +1.1% |
| Financial debts | 43 | €93 | €0 | -€93 | -100.0% |
| Credit institutions | 430/8 | €93 | €0 | -€93 | -100.0% |
| Trade debts | 44 | €23,484 | €140,316 | +€116,832 | +497.5% |
| Suppliers | 440/4 | €23,484 | €140,316 | +€116,832 | +497.5% |
| Advances received on contracts in progress | 46 | €7,606 | €11,746 | +€4,140 | +54.4% |
| Taxes, remuneration and social security | 45 | €16,932 | €12,825 | -€4,107 | -24.3% |
| Taxes | 450/3 | €13,324 | €8,274 | -€5,050 | -37.9% |
| Remuneration and social security | 454/9 | €3,608 | €4,550 | +€943 | +26.1% |
| Other amounts payable | 47/48 | €6,912,176 | €4,005,641 | -€2.9m | -42.0% |
| Accrued charges and deferred income | 492/3 | €9,501 | €7,796 | -€1,705 | -17.9% |
| Remuneration, social security and pensions | 62 | €48,747 | €61,465 | +€12,718 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,638 | €146,999 | -€638 | -0.4% |
| Other operating charges | 640/8 | €20,374 | €21,026 | +€652 | +3.2% |
| Gross operating margin | 9900 | €285,147 | €314,420 | +€29,273 | +10.3% |
| Operating profit (loss) | 9901 | €68,388 | €84,929 | +€16,541 | +24.2% |
| Financial income | 75/76B | €2,111,721 | €2,068,663 | -€43,058 | -2.0% |
| Recurring financial income | 75 | €2,088,073 | €2,059,122 | -€28,951 | -1.4% |
| Non-recurring financial income | 76B | €23,648 | €9,541 | -€14,107 | -59.7% |
| Financial charges | 65/66B | €39,865 | €27,190 | -€12,675 | -31.8% |
| Recurring financial charges | 65 | €18,142 | €21,000 | +€2,858 | +15.8% |
| Non-recurring financial charges | 66B | €21,723 | €6,190 | -€15,533 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | €2,140,245 | €2,126,403 | -€13,842 | -0.6% |
| Income taxes | 67/77 | €27,785 | €31,133 | +€3,348 | +12.0% |
| Profit (loss) for the period | 9904 | €2,112,460 | €2,095,270 | -€17,190 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,112,460 | €2,095,270 | -€17,190 | -0.8% |
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 3 October 2026 via checked.be.