CABRIOLES: 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.
CABRIOLES
Largest movements
- Tangible fixed assets +€440,706
up €440,706 (+76.0%), from €580,194 to €1.0m
of which Plant, machinery and equipment: +€278,948
- Cash -€15,325
down €15,325 (-19.4%), from €79,105 to €63,780
mainly Investment in fixed assets (net) (-€490,499) and Trade debts (-€8,836)
- Contributions +€300,000
up €300,000 (+85.1%), from €352,500 to €652,500
- Profit (loss) carried forward +€105,619
up €105,619 (+108%), from €97,490 to €203,109
- Tax, wage and social debts +€17,932
up €17,932 (+101%), from €17,737 to €35,668
- Other debts +€15,892
up €15,892 (+5.6%), from €285,312 to €301,204
- Depreciation -€24,649
down €24,649 (-33.1%), from €74,442 to €49,793
- Gross operating margin -€8,081
down €8,081 (-4.0%), from €203,591 to €195,510
- Financial charges +€5,894
up €5,894 (+141%), from €4,183 to €10,076
- Taxes +€2,546
up €2,546 (+9.3%), from €27,476 to €30,022
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 | €761,875 | €1,192,482 | +€430,607 | +56.5% |
| Fixed assets | 21/28 | €580,194 | €1,020,900 | +€440,706 | +76.0% |
| Tangible fixed assets | 22/27 | €580,194 | €1,020,900 | +€440,706 | +76.0% |
| Land and buildings | 22 | €521,934 | €706,454 | +€184,521 | +35.4% |
| Plant, machinery and equipment | 23 | - | €278,948 | +€278,948 | |
| Furniture and vehicles | 24 | €21,134 | €35,498 | +€14,364 | +68.0% |
| Assets under construction and advance payments | 27 | €37,126 | - | -€37,126 | |
| Current assets | 29/58 | €181,681 | €171,581 | -€10,099 | -5.6% |
| Amounts receivable within one year | 40/41 | €100,000 | €104,653 | +€4,653 | +4.7% |
| Trade receivables | 40 | €100,000 | €99,984 | -€16 | 0.0% |
| Other amounts receivable | 41 | - | €4,669 | +€4,669 | |
| Cash at bank and in hand | 54/58 | €79,105 | €63,780 | -€15,325 | -19.4% |
| Deferred charges and accrued income | 490/1 | €2,575 | €3,149 | +€573 | +22.3% |
| Total equity and liabilities | 10/49 | €761,875 | €1,192,482 | +€430,607 | +56.5% |
| Equity | 10/15 | €449,990 | €855,609 | +€405,619 | +90.1% |
| Contributions | 10/11 | €352,500 | €652,500 | +€300,000 | +85.1% |
| Profit (loss) carried forward | 14 | €97,490 | €203,109 | +€105,619 | +108% |
| Amounts payable | 17/49 | €311,885 | €336,873 | +€24,988 | +8.0% |
| Amounts payable within one year | 42/48 | €311,885 | €336,873 | +€24,988 | +8.0% |
| Trade debts | 44 | €8,836 | - | -€8,836 | |
| Suppliers | 440/4 | €8,836 | - | -€8,836 | |
| Taxes, remuneration and social security | 45 | €17,737 | €35,668 | +€17,932 | +101% |
| Taxes | 450/3 | €17,737 | €35,668 | +€17,932 | +101% |
| Other amounts payable | 47/48 | €285,312 | €301,204 | +€15,892 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,442 | €49,793 | -€24,649 | -33.1% |
| Other operating charges | 640/8 | - | €0 | +€0 | |
| Gross operating margin | 9900 | €203,591 | €195,510 | -€8,081 | -4.0% |
| Operating profit (loss) | 9901 | €129,149 | €145,717 | +€16,568 | +12.8% |
| Financial charges | 65/66B | €4,183 | €10,076 | +€5,894 | +141% |
| Recurring financial charges | 65 | €4,183 | €10,076 | +€5,894 | +141% |
| Profit (loss) for the period before taxes | 9903 | €124,966 | €135,641 | +€10,675 | +8.5% |
| Income taxes | 67/77 | €27,476 | €30,022 | +€2,546 | +9.3% |
| Profit (loss) for the period | 9904 | €97,490 | €105,619 | +€8,129 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,490 | €105,619 | +€8,129 | +8.3% |
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 15 October 2026 via checked.be.