KABE - M.L.: 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.
KABE - M.L.
Largest movements
- Receivables after one year +€216,434
new in 2025: €216,434
of which Trade receivables: +€138,045
- Receivables within one year -€180,920
no longer reported in 2025 (was €180,920)
of which Trade receivables: -€104,498
- Cash +€16,191
up €16,191 (+9.1%), from €178,899 to €195,090
mainly Receivables within one year (+€180,920) and Net result for the year (+€29,682)
- Reserves +€26,568
up €26,568 (+9.7%), from €274,630 to €301,198
of which Distributable reserves: +€26,568
- Trade debts +€25,690
up €25,690 (+24.1%), from €106,427 to €132,117
- Tax, wage and social debts +€19,043
up €19,043 (+203%), from €9,390 to €28,433
of which Taxes: +€19,293
- Current portion of long-term debt -€15,439
down €15,439 (-57.2%), from €26,981 to €11,542
- Debts after one year -€9,022
down €9,022 (-39.7%), from €22,704 to €13,682
- Depreciation +€8,052
up €8,052 (+145%), from €5,546 to €13,598
- Taxes -€1,569
down €1,569 (-9.6%), from €16,320 to €14,751
- Gross operating margin -€1,476
down €1,476 (-2.3%), from €64,126 to €62,650
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 | €442,532 | €489,372 | +€46,840 | +10.6% |
| Fixed assets | 21/28 | €75,343 | €70,591 | -€4,752 | -6.3% |
| Tangible fixed assets | 22/27 | €75,343 | €70,591 | -€4,752 | -6.3% |
| Furniture and vehicles | 24 | €41,188 | €34,972 | -€6,216 | -15.1% |
| Other tangible fixed assets | 26 | €34,155 | €35,619 | +€1,464 | +4.3% |
| Current assets | 29/58 | €367,189 | €418,781 | +€51,592 | +14.1% |
| Amounts receivable after more than one year | 29 | - | €216,434 | +€216,434 | |
| Trade receivables | 290 | - | €138,045 | +€138,045 | |
| Other amounts receivable | 291 | - | €78,389 | +€78,389 | |
| Amounts receivable within one year | 40/41 | €180,920 | - | -€180,920 | |
| Trade receivables | 40 | €104,498 | - | -€104,498 | |
| Other amounts receivable | 41 | €76,422 | - | -€76,422 | |
| Cash at bank and in hand | 54/58 | €178,899 | €195,090 | +€16,191 | +9.1% |
| Deferred charges and accrued income | 490/1 | €7,369 | €7,257 | -€112 | -1.5% |
| Total equity and liabilities | 10/49 | €442,532 | €489,372 | +€46,840 | +10.6% |
| Equity | 10/15 | €274,630 | €301,198 | +€26,568 | +9.7% |
| Reserves | 13 | €274,630 | €301,198 | +€26,568 | +9.7% |
| Tax-exempt reserves | 132 | €8,893 | €8,893 | +€0 | 0.0% |
| Distributable reserves | 133 | €265,737 | €292,305 | +€26,568 | +10.0% |
| Amounts payable | 17/49 | €167,902 | €188,174 | +€20,272 | +12.1% |
| Amounts payable after more than one year | 17 | €22,704 | €13,682 | -€9,022 | -39.7% |
| Financial debts | 170/4 | €22,704 | €13,682 | -€9,022 | -39.7% |
| Amounts payable within one year | 42/48 | €145,198 | €174,492 | +€29,294 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €26,981 | €11,542 | -€15,439 | -57.2% |
| Trade debts | 44 | €106,427 | €132,117 | +€25,690 | +24.1% |
| Suppliers | 440/4 | €106,427 | €132,117 | +€25,690 | +24.1% |
| Taxes, remuneration and social security | 45 | €9,390 | €28,433 | +€19,043 | +203% |
| Taxes | 450/3 | €9,140 | €28,433 | +€19,293 | +211% |
| Remuneration and social security | 454/9 | €250 | - | -€250 | |
| Other amounts payable | 47/48 | €2,400 | €2,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,546 | €13,598 | +€8,052 | +145% |
| Other operating charges | 640/8 | €2,256 | €1,815 | -€441 | -19.6% |
| Gross operating margin | 9900 | €64,126 | €62,650 | -€1,476 | -2.3% |
| Operating profit (loss) | 9901 | €56,324 | €47,237 | -€9,087 | -16.1% |
| Financial income | 75/76B | €2,923 | €3,501 | +€578 | +19.8% |
| Recurring financial income | 75 | €2,923 | €3,501 | +€578 | +19.8% |
| Financial charges | 65/66B | €5,967 | €6,305 | +€338 | +5.7% |
| Recurring financial charges | 65 | €5,967 | €6,305 | +€338 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €53,280 | €44,433 | -€8,847 | -16.6% |
| Income taxes | 67/77 | €16,320 | €14,751 | -€1,569 | -9.6% |
| Profit (loss) for the period | 9904 | €36,960 | €29,682 | -€7,278 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,960 | €29,682 | -€7,278 | -19.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.