KABANE: 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.
KABANE
Largest movements
- Tangible fixed assets +€196,830
up €196,830 (+1276.4%), from €15,420 to €212,250
of which Land and buildings: +€211,288
- Receivables within one year -€22,436
down €22,436 (-70.9%), from €31,639 to €9,204
of which Trade receivables: -€30,665
- Cash +€5,012
up €5,012 (+26.6%), from €18,830 to €23,842
mainly Debts after one year (+€221,380) and Depreciation (+€35,110)
- Debts after one year +€221,380
up €221,380 (+8450.2%), from €2,620 to €224,000
- Profit (loss) carried forward -€20,893
down €20,893, from €0 to -€20,893
- Tax, wage and social debts -€9,018
down €9,018 (-37.9%), from €23,826 to €14,808
of which Taxes: -€9,078
- Trade debts -€7,433
down €7,433 (-97.3%), from €7,639 to €206
- Current portion of long-term debt -€6,398
down €6,398 (-70.9%), from €9,018 to €2,620
- Depreciation +€28,633
up €28,633 (+442.1%), from €6,476 to €35,110
- Gross operating margin -€17,712
down €17,712 (-41.8%), from €42,331 to €24,618
- Taxes -€13,609
down €13,609 (-98.1%), from €13,871 to €262
- Financial charges +€7,804
up €7,804 (+929.5%), from €840 to €8,643
- Other operating charges -€444
down €444 (-19.4%), from €2,286 to €1,842
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.
Cash bridge derived
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 | €80,460 | €257,419 | +€176,959 | +219.9% |
| Fixed assets | 21/28 | €15,420 | €212,250 | +€196,830 | +1276.4% |
| Tangible fixed assets | 22/27 | €15,420 | €212,250 | +€196,830 | +1276.4% |
| Land and buildings | 22 | - | €211,288 | +€211,288 | |
| Furniture and vehicles | 24 | €15,420 | €962 | -€14,458 | -93.8% |
| Current assets | 29/58 | €65,040 | €45,169 | -€19,871 | -30.6% |
| Amounts receivable after more than one year | 29 | €11,500 | €11,500 | = | 0.0% |
| Other amounts receivable | 291 | €11,500 | €11,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,639 | €9,204 | -€22,436 | -70.9% |
| Trade receivables | 40 | €31,639 | €975 | -€30,665 | -96.9% |
| Other amounts receivable | 41 | €0 | €8,229 | +€8,229 | |
| Cash at bank and in hand | 54/58 | €18,830 | €23,842 | +€5,012 | +26.6% |
| Deferred charges and accrued income | 490/1 | €3,070 | €623 | -€2,447 | -79.7% |
| Total equity and liabilities | 10/49 | €80,460 | €257,419 | +€176,959 | +219.9% |
| Equity | 10/15 | €35,953 | €15,060 | -€20,893 | -58.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €17,353 | €17,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€20,893 | -€20,893 | |
| Amounts payable | 17/49 | €44,507 | €242,359 | +€197,852 | +444.5% |
| Amounts payable after more than one year | 17 | €2,620 | €224,000 | +€221,380 | +8450.2% |
| Financial debts | 170/4 | €2,620 | €224,000 | +€221,380 | +8450.2% |
| Amounts payable within one year | 42/48 | €41,460 | €17,634 | -€23,827 | -57.5% |
| Current portion of amounts payable after more than one year | 42 | €9,018 | €2,620 | -€6,398 | -70.9% |
| Financial debts | 43 | €922 | - | -€922 | |
| Credit institutions | 430/8 | €922 | - | -€922 | |
| Trade debts | 44 | €7,639 | €206 | -€7,433 | -97.3% |
| Suppliers | 440/4 | €7,639 | €206 | -€7,433 | -97.3% |
| Taxes, remuneration and social security | 45 | €23,826 | €14,808 | -€9,018 | -37.9% |
| Taxes | 450/3 | €21,703 | €12,625 | -€9,078 | -41.8% |
| Remuneration and social security | 454/9 | €2,123 | €2,183 | +€60 | +2.8% |
| Other amounts payable | 47/48 | €55 | - | -€55 | |
| Accrued charges and deferred income | 492/3 | €426 | €725 | +€299 | +70.0% |
| Non-recurring operating income | 76A | - | €4,824 | +€4,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,476 | €35,110 | +€28,633 | +442.1% |
| Other operating charges | 640/8 | €2,286 | €1,842 | -€444 | -19.4% |
| Gross operating margin | 9900 | €42,331 | €24,618 | -€17,712 | -41.8% |
| Operating profit (loss) | 9901 | €33,569 | -€12,333 | -€45,902 | |
| Financial income | 75/76B | €643 | €346 | -€297 | -46.2% |
| Recurring financial income | 75 | €643 | €346 | -€297 | -46.2% |
| Financial charges | 65/66B | €840 | €8,643 | +€7,804 | +929.5% |
| Recurring financial charges | 65 | €840 | €8,643 | +€7,804 | +929.5% |
| Profit (loss) for the period before taxes | 9903 | €33,372 | -€20,631 | -€54,003 | |
| Income taxes | 67/77 | €13,871 | €262 | -€13,609 | -98.1% |
| Profit (loss) for the period | 9904 | €19,501 | -€20,893 | -€40,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,501 | -€20,893 | -€40,394 |
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 11 October 2026 via checked.be.