CABRU: 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.
CABRU
Largest movements
- Cash -€326,654
down €326,654 (-94.9%), from €344,179 to €17,525
mainly Current investments (-€219,933) and Debts after one year (-€99,932)
- Current investments +€219,933
new in 2025: €219,933
- Receivables after one year +€47,626
up €47,626 (+24.2%), from €196,488 to €244,115
- Receivables within one year +€35,084
up €35,084 (+4,095%), from €857 to €35,940
of which Other amounts receivable: +€28,315
- Debts after one year -€99,932
down €99,932 (-4.4%), from €2.3m to €2.2m
- Gross operating margin +€215,011
up €215,011 (+402%), from €53,473 to €268,484
- Write-downs +€150,000
new in 2025: €150,000
- Financial charges +€41,857
up €41,857 (+2,177%), from €1,923 to €43,779
- Depreciation +€38,385
up €38,385 (+81.2%), from €47,272 to €85,657
- Other operating charges -€18,138
down €18,138 (-76.4%), from €23,747 to €5,609
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 | €3,404,177 | €3,338,056 | -€66,121 | -1.9% |
| Fixed assets | 21/28 | €2,838,840 | €2,814,218 | -€24,621 | -0.9% |
| Tangible fixed assets | 22/27 | €2,838,840 | €2,814,218 | -€24,621 | -0.9% |
| Land and buildings | 22 | €2,805,883 | €2,745,988 | -€59,895 | -2.1% |
| Plant, machinery and equipment | 23 | €22,349 | €19,754 | -€2,595 | -11.6% |
| Furniture and vehicles | 24 | €10,608 | €48,476 | +€37,868 | +357% |
| Current assets | 29/58 | €565,337 | €523,837 | -€41,499 | -7.3% |
| Amounts receivable after more than one year | 29 | €196,488 | €244,115 | +€47,626 | +24.2% |
| Other amounts receivable | 291 | €196,488 | €244,115 | +€47,626 | +24.2% |
| Amounts receivable within one year | 40/41 | €857 | €35,940 | +€35,084 | +4,095% |
| Trade receivables | 40 | €364 | €7,133 | +€6,769 | +1,858% |
| Other amounts receivable | 41 | €493 | €28,808 | +€28,315 | +5,748% |
| Current investments | 50/53 | - | €219,933 | +€219,933 | |
| Cash at bank and in hand | 54/58 | €344,179 | €17,525 | -€326,654 | -94.9% |
| Deferred charges and accrued income | 490/1 | €23,813 | €6,324 | -€17,488 | -73.4% |
| Total equity and liabilities | 10/49 | €3,404,177 | €3,338,056 | -€66,121 | -1.9% |
| Equity | 10/15 | €1,088,405 | €1,089,967 | +€1,562 | +0.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €588,405 | €589,967 | +€1,562 | +0.3% |
| Distributable reserves | 133 | €588,405 | €589,967 | +€1,562 | +0.3% |
| Amounts payable | 17/49 | €2,315,772 | €2,248,089 | -€67,683 | -2.9% |
| Amounts payable after more than one year | 17 | €2,276,820 | €2,176,888 | -€99,932 | -4.4% |
| Financial debts | 170/4 | €2,276,820 | €2,176,888 | -€99,932 | -4.4% |
| Amounts payable within one year | 42/48 | €38,951 | €69,601 | +€30,650 | +78.7% |
| Financial debts | 43 | €38,073 | €52,699 | +€14,626 | +38.4% |
| Credit institutions | 430/8 | €38,073 | €52,699 | +€14,626 | +38.4% |
| Trade debts | 44 | €697 | €1,365 | +€668 | +95.9% |
| Suppliers | 440/4 | €697 | €1,365 | +€668 | +95.9% |
| Taxes, remuneration and social security | 45 | - | €2,856 | +€2,856 | |
| Taxes | 450/3 | - | €2,856 | +€2,856 | |
| Other amounts payable | 47/48 | €182 | €12,682 | +€12,500 | +6,887% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Non-recurring operating income | 76A | - | €15,058 | +€15,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,272 | €85,657 | +€38,385 | +81.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €150,000 | +€150,000 | |
| Other operating charges | 640/8 | €23,747 | €5,609 | -€18,138 | -76.4% |
| Gross operating margin | 9900 | €53,473 | €268,484 | +€215,011 | +402% |
| Operating profit (loss) | 9901 | -€17,546 | €27,218 | +€44,764 | |
| Financial income | 75/76B | €13,606 | €18,426 | +€4,819 | +35.4% |
| Recurring financial income | 75 | €13,606 | €18,426 | +€4,819 | +35.4% |
| Financial charges | 65/66B | €1,923 | €43,779 | +€41,857 | +2,177% |
| Recurring financial charges | 65 | €1,923 | €43,779 | +€41,857 | +2,177% |
| Profit (loss) for the period before taxes | 9903 | -€5,863 | €1,864 | +€7,727 | |
| Income taxes | 67/77 | €94 | €302 | +€208 | +221% |
| Profit (loss) for the period | 9904 | -€5,957 | €1,562 | +€7,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,957 | €1,562 | +€7,519 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.