KABECO: 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.
KABECO
Largest movements
- Tangible fixed assets -€12,332
down €12,332 (-9.0%), from €137,145 to €124,813
- Cash +€11,981
up €11,981 (+34.7%), from €34,487 to €46,468
mainly Depreciation (+€12,332) and Accrued charges and deferred income (+€6,179)
- Accrued charges and deferred income +€6,179
new in 2025: €6,179
- Reserves -€4,529
down €4,529 (-91.1%), from €4,970 to €441
- Tax, wage and social debts -€1,884
down €1,884 (-100%), from €1,884 to €0
- Gross operating margin -€5,817
down €5,817 (-28.6%), from €20,357 to €14,540
- Depreciation +€291
up €291 (+2.4%), from €12,041 to €12,332
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 | €174,054 | €173,820 | -€234 | -0.1% |
| Fixed assets | 21/28 | €137,145 | €124,813 | -€12,332 | -9.0% |
| Tangible fixed assets | 22/27 | €137,145 | €124,813 | -€12,332 | -9.0% |
| Land and buildings | 22 | €137,145 | €124,813 | -€12,332 | -9.0% |
| Current assets | 29/58 | €36,909 | €49,007 | +€12,098 | +32.8% |
| Cash at bank and in hand | 54/58 | €34,487 | €46,468 | +€11,981 | +34.7% |
| Deferred charges and accrued income | 490/1 | €2,422 | €2,539 | +€117 | +4.8% |
| Total equity and liabilities | 10/49 | €174,054 | €173,820 | -€234 | -0.1% |
| Equity | 10/15 | €66,943 | €62,414 | -€4,529 | -6.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €4,970 | €441 | -€4,529 | -91.1% |
| Non-distributable reserves | 130/1 | €4,970 | €441 | -€4,529 | -91.1% |
| Legal reserve | 130 | €4,970 | €441 | -€4,529 | -91.1% |
| Amounts payable | 17/49 | €107,111 | €111,406 | +€4,295 | +4.0% |
| Amounts payable within one year | 42/48 | €107,111 | €105,227 | -€1,884 | -1.8% |
| Taxes, remuneration and social security | 45 | €1,884 | €0 | -€1,884 | -100% |
| Taxes | 450/3 | €1,884 | €0 | -€1,884 | -100% |
| Other amounts payable | 47/48 | €105,227 | €105,227 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €6,179 | +€6,179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,041 | €12,332 | +€291 | +2.4% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €20,357 | €14,540 | -€5,817 | -28.6% |
| Operating profit (loss) | 9901 | €7,816 | €1,695 | -€6,121 | -78.3% |
| Financial charges | 65/66B | €6,325 | €6,224 | -€101 | -1.6% |
| Recurring financial charges | 65 | €6,325 | €6,224 | -€101 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €1,491 | -€4,529 | -€6,020 | |
| Profit (loss) for the period | 9904 | €1,491 | -€4,529 | -€6,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,491 | -€4,529 | -€6,020 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.