CABRON: 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.
CABRON
Largest movements
- Cash +€118,883
up €118,883 (+65.0%), from €183,017 to €301,901
mainly Net result for the year (+€112,788) and Depreciation (+€13,510)
- Current investments +€20,000
new in 2025: €20,000
- Tangible fixed assets -€8,085
down €8,085 (-18.8%), from €43,067 to €34,982
of which Other tangible fixed assets: -€7,250
- Profit (loss) carried forward +€112,788
up €112,788 (+102%), from €111,088 to €223,876
- Trade debts +€8,862
up €8,862 (+45.6%), from €19,416 to €28,278
- Gross operating margin +€114,701
up €114,701 (+49.0%), from €233,933 to €348,634
- Staff costs +€59,786
up €59,786 (+52.2%), from €114,627 to €174,413
- Taxes +€13,522
up €13,522 (+68.3%), from €19,809 to €33,331
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 | €397,868 | €523,244 | +€125,376 | +31.5% |
| Fixed assets | 21/28 | €50,267 | €42,182 | -€8,085 | -16.1% |
| Tangible fixed assets | 22/27 | €43,067 | €34,982 | -€8,085 | -18.8% |
| Plant, machinery and equipment | 23 | €12,967 | €12,956 | -€11 | -0.1% |
| Furniture and vehicles | 24 | €2,581 | €1,757 | -€824 | -31.9% |
| Other tangible fixed assets | 26 | €27,519 | €20,270 | -€7,250 | -26.3% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €347,601 | €481,061 | +€133,461 | +38.4% |
| Amounts receivable within one year | 40/41 | €162,608 | €159,161 | -€3,447 | -2.1% |
| Trade receivables | 40 | €44,320 | €45,903 | +€1,582 | +3.6% |
| Other amounts receivable | 41 | €118,287 | €113,258 | -€5,029 | -4.3% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €183,017 | €301,901 | +€118,883 | +65.0% |
| Deferred charges and accrued income | 490/1 | €1,976 | - | -€1,976 | |
| Total equity and liabilities | 10/49 | €397,868 | €523,244 | +€125,376 | +31.5% |
| Equity | 10/15 | €329,226 | €442,014 | +€112,788 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,538 | €199,538 | = | 0.0% |
| Distributable reserves | 133 | €199,538 | €199,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,088 | €223,876 | +€112,788 | +102% |
| Amounts payable | 17/49 | €68,642 | €81,230 | +€12,588 | +18.3% |
| Amounts payable within one year | 42/48 | €68,642 | €81,230 | +€12,588 | +18.3% |
| Trade debts | 44 | €19,416 | €28,278 | +€8,862 | +45.6% |
| Suppliers | 440/4 | €19,416 | €28,278 | +€8,862 | +45.6% |
| Taxes, remuneration and social security | 45 | €35,706 | €34,857 | -€850 | -2.4% |
| Taxes | 450/3 | €21,915 | €29,591 | +€7,676 | +35.0% |
| Remuneration and social security | 454/9 | €13,792 | €5,266 | -€8,526 | -61.8% |
| Other amounts payable | 47/48 | €13,520 | €18,095 | +€4,575 | +33.8% |
| Non-recurring operating income | 76A | - | €6,104 | +€6,104 | |
| Remuneration, social security and pensions | 62 | €114,627 | €174,413 | +€59,786 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,167 | €13,510 | +€2,343 | +21.0% |
| Other operating charges | 640/8 | €3,128 | €1,983 | -€1,145 | -36.6% |
| Gross operating margin | 9900 | €233,933 | €348,634 | +€114,701 | +49.0% |
| Operating profit (loss) | 9901 | €105,011 | €158,729 | +€53,717 | +51.2% |
| Financial income | 75/76B | €2,069 | €852 | -€1,217 | -58.8% |
| Recurring financial income | 75 | €2,069 | €852 | -€1,217 | -58.8% |
| Financial charges | 65/66B | €11,663 | €13,462 | +€1,799 | +15.4% |
| Recurring financial charges | 65 | €11,663 | €13,462 | +€1,799 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €95,418 | €146,119 | +€50,701 | +53.1% |
| Income taxes | 67/77 | €19,809 | €33,331 | +€13,522 | +68.3% |
| Profit (loss) for the period | 9904 | €75,609 | €112,788 | +€37,179 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,609 | €112,788 | +€37,179 | +49.2% |
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.