ERIK CABOOR: 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.
ERIK CABOOR
Largest movements
- Tangible fixed assets +€104,466
up €104,466 (+71.7%), from €145,763 to €250,229
of which Assets under construction and advance payments: +€132,424
- Receivables within one year -€37,944
down €37,944 (-29.5%), from €128,725 to €90,781
of which Trade receivables: -€24,898
- Stocks and contracts +€17,397
up €17,397 (+7.1%), from €246,686 to €264,083
- Reserves +€50,406
up €50,406 (+5.9%), from €854,363 to €904,769
of which Distributable reserves: +€50,406
- Trade debts +€33,619
up €33,619 (+56.5%), from €59,533 to €93,152
- Other debts +€13,096
up €13,096 (+786%), from €1,666 to €14,762
- Gross operating margin -€37,419
down €37,419 (-16.4%), from €228,101 to €190,682
- Taxes -€15,580
down €15,580 (-37.4%), from €41,709 to €26,129
- Depreciation -€8,977
down €8,977 (-20.4%), from €43,974 to €34,998
- Financial income -€7,519
down €7,519 (-66.5%), from €11,304 to €3,786
- Other operating charges +€6,599
up €6,599 (+153%), from €4,309 to €10,908
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 | €965,583 | €1,055,045 | +€89,463 | +9.3% |
| Fixed assets | 21/28 | €145,763 | €250,229 | +€104,466 | +71.7% |
| Tangible fixed assets | 22/27 | €145,763 | €250,229 | +€104,466 | +71.7% |
| Land and buildings | 22 | €59,207 | €41,551 | -€17,657 | -29.8% |
| Plant, machinery and equipment | 23 | €2,805 | €4,817 | +€2,012 | +71.7% |
| Furniture and vehicles | 24 | €32,632 | €29,493 | -€3,139 | -9.6% |
| Leasing and similar rights | 25 | €48,975 | €41,943 | -€7,032 | -14.4% |
| Other tangible fixed assets | 26 | €2,143 | €0 | -€2,143 | -100% |
| Assets under construction and advance payments | 27 | - | €132,424 | +€132,424 | |
| Current assets | 29/58 | €819,820 | €804,817 | -€15,003 | -1.8% |
| Stocks and contracts in progress | 3 | €246,686 | €264,083 | +€17,397 | +7.1% |
| Stocks | 30/36 | €246,686 | €264,083 | +€17,397 | +7.1% |
| Amounts receivable within one year | 40/41 | €128,725 | €90,781 | -€37,944 | -29.5% |
| Trade receivables | 40 | €93,480 | €68,583 | -€24,898 | -26.6% |
| Other amounts receivable | 41 | €35,245 | €22,199 | -€13,047 | -37.0% |
| Cash at bank and in hand | 54/58 | €434,245 | €440,682 | +€6,437 | +1.5% |
| Deferred charges and accrued income | 490/1 | €10,164 | €9,271 | -€893 | -8.8% |
| Total equity and liabilities | 10/49 | €965,583 | €1,055,045 | +€89,463 | +9.3% |
| Equity | 10/15 | €872,963 | €923,369 | +€50,406 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €854,363 | €904,769 | +€50,406 | +5.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €854,363 | €904,769 | +€50,406 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,620 | €131,676 | +€39,056 | +42.2% |
| Amounts payable within one year | 42/48 | €92,620 | €131,676 | +€39,056 | +42.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €59,533 | €93,152 | +€33,619 | +56.5% |
| Suppliers | 440/4 | €59,533 | €93,152 | +€33,619 | +56.5% |
| Taxes, remuneration and social security | 45 | €31,421 | €23,762 | -€7,660 | -24.4% |
| Taxes | 450/3 | €15,590 | €7,869 | -€7,721 | -49.5% |
| Remuneration and social security | 454/9 | €15,832 | €15,893 | +€61 | +0.4% |
| Other amounts payable | 47/48 | €1,666 | €14,762 | +€13,096 | +786% |
| Remuneration, social security and pensions | 62 | €63,257 | €66,460 | +€3,203 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,974 | €34,998 | -€8,977 | -20.4% |
| Other operating charges | 640/8 | €4,309 | €10,908 | +€6,599 | +153% |
| Gross operating margin | 9900 | €228,101 | €190,682 | -€37,419 | -16.4% |
| Operating profit (loss) | 9901 | €116,561 | €78,317 | -€38,244 | -32.8% |
| Financial income | 75/76B | €11,304 | €3,786 | -€7,519 | -66.5% |
| Recurring financial income | 75 | €11,304 | €3,786 | -€7,519 | -66.5% |
| Financial charges | 65/66B | €512 | €3,901 | +€3,389 | +662% |
| Recurring financial charges | 65 | €512 | €3,901 | +€3,389 | +662% |
| Profit (loss) for the period before taxes | 9903 | €127,353 | €78,202 | -€49,151 | -38.6% |
| Income taxes | 67/77 | €41,709 | €26,129 | -€15,580 | -37.4% |
| Profit (loss) for the period | 9904 | €85,643 | €52,072 | -€33,571 | -39.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €85,643 | €52,072 | -€33,571 | -39.2% |
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 27 October 2026 via checked.be.