KABACINSKI: 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.
KABACINSKI
Largest movements
- Receivables within one year +€27,778
up €27,778 (+13.6%), from €204,026 to €231,803
of which Trade receivables: +€17,940
- Cash -€8,965
down €8,965 (-75.7%), from €11,848 to €2,883
mainly Receivables within one year (-€27,778) and Trade debts (-€3,337)
- Reserves +€14,585
up €14,585 (+3.4%), from €429,351 to €443,936
- Gross operating margin +€6,202
up €6,202 (+36.4%), from €17,057 to €23,259
- Taxes +€2,551
up €2,551 (+43.2%), from €5,903 to €8,454
- Financial charges -€1,309
down €1,309 (-66.6%), from €1,964 to €655
of which Non-recurring financial charges: -€1,170
- Depreciation -€758
down €758 (-29.8%), from €2,546 to €1,788
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 | €496,417 | €510,028 | +€13,611 | +2.7% |
| Fixed assets | 21/28 | €177,737 | €176,683 | -€1,054 | -0.6% |
| Tangible fixed assets | 22/27 | €175,995 | €174,941 | -€1,054 | -0.6% |
| Plant, machinery and equipment | 23 | €1,099 | €678 | -€422 | -38.4% |
| Furniture and vehicles | 24 | €158,576 | €158,104 | -€472 | -0.3% |
| Other tangible fixed assets | 26 | €16,320 | €16,160 | -€160 | -1.0% |
| Financial fixed assets | 28 | €1,742 | €1,742 | = | 0.0% |
| Current assets | 29/58 | €318,680 | €333,344 | +€14,665 | +4.6% |
| Stocks and contracts in progress | 3 | €20,957 | €17,283 | -€3,674 | -17.5% |
| Stocks | 30/36 | €20,957 | €17,283 | -€3,674 | -17.5% |
| Amounts receivable within one year | 40/41 | €204,026 | €231,803 | +€27,778 | +13.6% |
| Trade receivables | 40 | €139,954 | €157,895 | +€17,940 | +12.8% |
| Other amounts receivable | 41 | €64,071 | €73,909 | +€9,838 | +15.4% |
| Current investments | 50/53 | €81,044 | €81,044 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,848 | €2,883 | -€8,965 | -75.7% |
| Deferred charges and accrued income | 490/1 | €805 | €331 | -€474 | -58.9% |
| Total equity and liabilities | 10/49 | €496,417 | €510,028 | +€13,611 | +2.7% |
| Equity | 10/15 | €435,549 | €450,134 | +€14,585 | +3.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €429,351 | €443,936 | +€14,585 | +3.4% |
| Distributable reserves | 133 | €429,351 | €443,936 | +€14,585 | +3.4% |
| Amounts payable | 17/49 | €60,868 | €59,894 | -€975 | -1.6% |
| Amounts payable within one year | 42/48 | €60,868 | €59,894 | -€975 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €9,167 | €9,167 | = | 0.0% |
| Trade debts | 44 | €50,409 | €47,072 | -€3,337 | -6.6% |
| Suppliers | 440/4 | €50,409 | €47,072 | -€3,337 | -6.6% |
| Taxes, remuneration and social security | 45 | €620 | €1,459 | +€839 | +135% |
| Taxes | 450/3 | €620 | €1,459 | +€839 | +135% |
| Other amounts payable | 47/48 | €673 | €2,197 | +€1,524 | +226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,546 | €1,788 | -€758 | -29.8% |
| Other operating charges | 640/8 | €208 | €252 | +€44 | +20.9% |
| Gross operating margin | 9900 | €17,057 | €23,259 | +€6,202 | +36.4% |
| Operating profit (loss) | 9901 | €14,303 | €21,219 | +€6,917 | +48.4% |
| Financial income | 75/76B | €2,594 | €2,475 | -€119 | -4.6% |
| Recurring financial income | 75 | €2,594 | €2,475 | -€119 | -4.6% |
| Financial charges | 65/66B | €1,964 | €655 | -€1,309 | -66.6% |
| Recurring financial charges | 65 | €612 | €473 | -€139 | -22.7% |
| Non-recurring financial charges | 66B | €1,352 | €182 | -€1,170 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €14,932 | €23,039 | +€8,107 | +54.3% |
| Income taxes | 67/77 | €5,903 | €8,454 | +€2,551 | +43.2% |
| Profit (loss) for the period | 9904 | €9,029 | €14,585 | +€5,556 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,029 | €14,585 | +€5,556 | +61.5% |
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 18 October 2026 via checked.be.