KABALE: 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.
KABALE
Largest movements
- Tangible fixed assets +€135,417
up €135,417 (+2.9%), from €4.7m to €4.9m
of which Plant, machinery and equipment: +€206,516
- Other debts +€149,559
up €149,559 (+3.0%), from €5.0m to €5.1m
- Profit (loss) carried forward -€66,816
down €66,816 (-27.3%), from -€244,408 to -€311,223
- Gross operating margin +€8,819
up €8,819 (+13.4%), from €65,816 to €74,634
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 | €4,809,628 | €4,909,206 | +€99,579 | +2.1% |
| Fixed assets | 21/28 | €4,738,262 | €4,873,678 | +€135,417 | +2.9% |
| Tangible fixed assets | 22/27 | €4,738,262 | €4,873,678 | +€135,417 | +2.9% |
| Land and buildings | 22 | €4,408,293 | €4,337,194 | -€71,099 | -1.6% |
| Plant, machinery and equipment | 23 | €329,968 | €536,485 | +€206,516 | +62.6% |
| Current assets | 29/58 | €71,366 | €35,528 | -€35,838 | -50.2% |
| Amounts receivable within one year | 40/41 | €817 | €817 | = | 0.0% |
| Trade receivables | 40 | €817 | €817 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,096 | €29,357 | -€37,739 | -56.2% |
| Deferred charges and accrued income | 490/1 | €3,453 | €5,354 | +€1,901 | +55.0% |
| Total equity and liabilities | 10/49 | €4,809,628 | €4,909,206 | +€99,579 | +2.1% |
| Equity | 10/15 | -€144,408 | -€211,223 | -€66,816 | -46.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,408 | -€311,223 | -€66,816 | -27.3% |
| Amounts payable | 17/49 | €4,954,035 | €5,120,430 | +€166,394 | +3.4% |
| Amounts payable within one year | 42/48 | €4,954,035 | €5,120,430 | +€166,394 | +3.4% |
| Trade debts | 44 | €1,228 | €18,063 | +€16,835 | +1,371% |
| Suppliers | 440/4 | €1,228 | €18,063 | +€16,835 | +1,371% |
| Other amounts payable | 47/48 | €4,952,807 | €5,102,366 | +€149,559 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,928 | €113,399 | +€471 | +0.4% |
| Other operating charges | 640/8 | €10,712 | €11,049 | +€337 | +3.1% |
| Gross operating margin | 9900 | €65,816 | €74,634 | +€8,819 | +13.4% |
| Operating profit (loss) | 9901 | -€57,824 | -€49,813 | +€8,010 | +13.9% |
| Financial charges | 65/66B | €16,792 | €17,002 | +€211 | +1.3% |
| Recurring financial charges | 65 | €16,792 | €17,002 | +€211 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€74,615 | -€66,816 | +€7,800 | +10.5% |
| Profit (loss) for the period | 9904 | -€74,615 | -€66,816 | +€7,800 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,615 | -€66,816 | +€7,800 | +10.5% |
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 14 October 2026 via checked.be.