Cabral: 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
Cabral
NACE 10.130, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,428
2024 · €14,918-€9,489
Equity
€420,399
2024 · €414,971+€5,429
Cash
€43,428
2024 · €46,758-€3,330
Balance sheet total
€1.0m
2024 · €839,731+€191,818
Largest movements
Assets
- Stocks and contracts +€231,593
up €231,593 (+114.9%), from €201,561 to €433,154
of which Stocks: +€231,593
- Receivables within one year -€30,309
down €30,309 (-23.9%), from €126,896 to €96,587
of which Trade receivables: -€23,557
Equity and liabilities
- Trade debts +€132,885
up €132,885 (+713.9%), from €18,613 to €151,498
- Accrued charges and deferred income +€57,638
up €57,638, from €0 to €57,638
- Current portion of long-term debt -€12,103
down €12,103 (-22.2%), from €54,433 to €42,330
Income statement
- Gross operating margin +€27,084
up €27,084 (+24.0%), from €112,955 to €140,040
- Other operating charges +€20,169
up €20,169 (+284.3%), from €7,095 to €27,264
- Depreciation +€16,629
up €16,629 (+27.1%), from €61,391 to €78,019
- Staff costs +€8,668
up €8,668 (+165.3%), from €5,243 to €13,911
- Taxes -€5,072
down €5,072 (-51.7%), from €9,803 to €4,731
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
€14,918
Gross operating margin
+€27,084
Staff costs
-€8,668
Depreciation
-€16,629
Other operating charges
-€20,169
Financial income
+€1,157
Financial charges
+€2,663
Taxes
+€5,072
Result 2025
€5,428
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
+€84,244
Investment
-€70,635
Financing
-€16,939
Cash 2024
€46,758
From operations (derived)
+€84,244
Net result for the year
+€5,428
Depreciation
+€78,019
Stocks and contracts
-€231,593
Receivables within one year
+€30,309
Deferred charges and accrued income
-€1,248
Provisions
-€4,084
Trade debts
+€132,885
Tax, wage and social debts
+€10,255
Advances received
+€6,550
Other debts
+€86
Accrued charges and deferred income
+€57,638
Investment (derived)
-€70,635
Investment in fixed assets (net)
-€70,635
Financing
-€16,939
Debts after one year
-€4,836
Current portion of long-term debt
-€12,103
Contributions, distributions and other
+€0
Cash 2025
€43,428
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €839,731 | €1,031,549 | +€191,818 | +22.8% |
| Fixed assets | 21/28 | €450,430 | €443,045 | -€7,384 | -1.6% |
| Tangible fixed assets | 22/27 | €450,430 | €443,045 | -€7,384 | -1.6% |
| Land and buildings | 22 | €293,555 | €274,062 | -€19,493 | -6.6% |
| Plant, machinery and equipment | 23 | €38,597 | €42,393 | +€3,796 | +9.8% |
| Furniture and vehicles | 24 | €43,357 | €34,088 | -€9,269 | -21.4% |
| Leasing and similar rights | 25 | €74,920 | €92,502 | +€17,582 | +23.5% |
| Current assets | 29/58 | €389,302 | €588,504 | +€199,203 | +51.2% |
| Stocks and contracts in progress | 3 | €201,561 | €433,154 | +€231,593 | +114.9% |
| Stocks | 30/36 | €201,561 | €433,154 | +€231,593 | +114.9% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €126,896 | €96,587 | -€30,309 | -23.9% |
| Trade receivables | 40 | €114,251 | €90,694 | -€23,557 | -20.6% |
| Other amounts receivable | 41 | €12,645 | €5,893 | -€6,751 | -53.4% |
| Cash at bank and in hand | 54/58 | €46,758 | €43,428 | -€3,330 | -7.1% |
| Deferred charges and accrued income | 490/1 | €14,087 | €15,335 | +€1,248 | +8.9% |
| Total equity and liabilities | 10/49 | €839,731 | €1,031,549 | +€191,818 | +22.8% |
| Equity | 10/15 | €414,971 | €420,399 | +€5,429 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €352,971 | €358,399 | +€5,429 | +1.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,506 | €43,253 | -€12,253 | -22.1% |
| Distributable reserves | 133 | €291,265 | €308,946 | +€17,682 | +6.1% |
| Provisions and deferred taxes | 16 | €18,444 | €14,360 | -€4,084 | -22.1% |
| Deferred taxes | 168 | €18,444 | €14,360 | -€4,084 | -22.1% |
| Amounts payable | 17/49 | €406,316 | €596,791 | +€190,474 | +46.9% |
| Amounts payable after more than one year | 17 | €81,190 | €76,354 | -€4,836 | -6.0% |
| Financial debts | 170/4 | €81,190 | €76,354 | -€4,836 | -6.0% |
| Amounts payable within one year | 42/48 | €325,127 | €462,799 | +€137,673 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €54,433 | €42,330 | -€12,103 | -22.2% |
| Financial debts | 43 | €206,630 | €206,630 | = | 0.0% |
| Credit institutions | 430/8 | €206,630 | €206,630 | = | 0.0% |
| Trade debts | 44 | €18,613 | €151,498 | +€132,885 | +713.9% |
| Suppliers | 440/4 | €18,613 | €151,498 | +€132,885 | +713.9% |
| Advances received on contracts in progress | 46 | - | €6,550 | +€6,550 | |
| Taxes, remuneration and social security | 45 | €31,070 | €41,325 | +€10,255 | +33.0% |
| Taxes | 450/3 | €30,042 | €37,122 | +€7,080 | +23.6% |
| Remuneration and social security | 454/9 | €1,028 | €4,203 | +€3,175 | +308.7% |
| Other amounts payable | 47/48 | €14,380 | €14,466 | +€86 | +0.6% |
| Accrued charges and deferred income | 492/3 | €0 | €57,638 | +€57,638 | |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Remuneration, social security and pensions | 62 | €5,243 | €13,911 | +€8,668 | +165.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,391 | €78,019 | +€16,629 | +27.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,095 | €27,264 | +€20,169 | +284.3% |
| Gross operating margin | 9900 | €112,955 | €140,040 | +€27,084 | +24.0% |
| Operating profit (loss) | 9901 | €39,227 | €20,846 | -€18,381 | -46.9% |
| Financial income | 75/76B | €4,227 | €5,384 | +€1,157 | +27.4% |
| Recurring financial income | 75 | €4,227 | €5,384 | +€1,157 | +27.4% |
| Financial charges | 65/66B | €22,818 | €20,155 | -€2,663 | -11.7% |
| Recurring financial charges | 65 | €22,818 | €20,155 | -€2,663 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €20,636 | €6,074 | -€14,561 | -70.6% |
| Transfer from deferred taxes | 780 | €4,084 | €4,084 | = | 0.0% |
| Income taxes | 67/77 | €9,803 | €4,731 | -€5,072 | -51.7% |
| Profit (loss) for the period | 9904 | €14,918 | €5,428 | -€9,489 | -63.6% |
| Transfer from tax-exempt reserves | 789 | €12,253 | €12,253 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,171 | €17,682 | -€9,489 | -34.9% |
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 1 October 2026 via checked.be.