KABEKA: 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.
KABEKA
Largest movements
- Cash -€23,176
down €23,176 (-57.1%), from €40,607 to €17,431
mainly Debts after one year (-€296,637) and Contributions, distributions and other (-€100,000)
- Receivables within one year -€19,633
down €19,633 (-28.0%), from €70,093 to €50,459
of which Other amounts receivable: -€29,633
- Deferred charges and accrued income -€19,445
down €19,445 (-97.2%), from €20,000 to €555
- Tangible fixed assets -€17,963
down €17,963 (-28.7%), from €62,608 to €44,645
- Debts after one year -€296,637
down €296,637 (-54.7%), from €542,076 to €245,438
- Other debts +€258,219
up €258,219 (+263%), from €98,206 to €356,426
- Reserves -€42,730
down €42,730 (-8.5%), from €502,721 to €459,992
- Financial income -€109,504
down €109,504 (-99.8%), from €109,709 to €205
- Gross operating margin -€5,888
down €5,888 (-4.9%), from €120,463 to €114,575
- Financial charges -€3,060
down €3,060 (-16.7%), from €18,373 to €15,313
- Taxes -€2,321
down €2,321 (-9.4%), from €24,747 to €22,426
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 | €1,243,308 | €1,163,091 | -€80,217 | -6.5% |
| Fixed assets | 21/28 | €1,112,608 | €1,094,645 | -€17,963 | -1.6% |
| Tangible fixed assets | 22/27 | €62,608 | €44,645 | -€17,963 | -28.7% |
| Furniture and vehicles | 24 | €62,608 | €44,645 | -€17,963 | -28.7% |
| Financial fixed assets | 28 | €1,050,000 | €1,050,000 | = | 0.0% |
| Current assets | 29/58 | €130,700 | €68,446 | -€62,254 | -47.6% |
| Amounts receivable within one year | 40/41 | €70,093 | €50,459 | -€19,633 | -28.0% |
| Trade receivables | 40 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Other amounts receivable | 41 | €30,093 | €459 | -€29,633 | -98.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €40,607 | €17,431 | -€23,176 | -57.1% |
| Deferred charges and accrued income | 490/1 | €20,000 | €555 | -€19,445 | -97.2% |
| Total equity and liabilities | 10/49 | €1,243,308 | €1,163,091 | -€80,217 | -6.5% |
| Equity | 10/15 | €521,321 | €478,592 | -€42,730 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €502,721 | €459,992 | -€42,730 | -8.5% |
| Distributable reserves | 133 | €502,721 | €459,992 | -€42,730 | -8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €721,986 | €684,499 | -€37,487 | -5.2% |
| Amounts payable after more than one year | 17 | €542,076 | €245,438 | -€296,637 | -54.7% |
| Financial debts | 170/4 | €542,076 | €245,438 | -€296,637 | -54.7% |
| Amounts payable within one year | 42/48 | €178,375 | €436,828 | +€258,453 | +145% |
| Current portion of amounts payable after more than one year | 42 | €75,043 | €74,137 | -€906 | -1.2% |
| Trade debts | 44 | €440 | €1,215 | +€775 | +176% |
| Suppliers | 440/4 | €440 | €1,215 | +€775 | +176% |
| Taxes, remuneration and social security | 45 | €4,685 | €5,050 | +€365 | +7.8% |
| Taxes | 450/3 | €4,685 | €5,050 | +€365 | +7.8% |
| Other amounts payable | 47/48 | €98,206 | €356,426 | +€258,219 | +263% |
| Accrued charges and deferred income | 492/3 | €1,536 | €2,233 | +€697 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,925 | €17,963 | -€962 | -5.1% |
| Other operating charges | 640/8 | €1,739 | €1,807 | +€68 | +3.9% |
| Gross operating margin | 9900 | €120,463 | €114,575 | -€5,888 | -4.9% |
| Operating profit (loss) | 9901 | €99,799 | €94,805 | -€4,994 | -5.0% |
| Financial income | 75/76B | €109,709 | €205 | -€109,504 | -99.8% |
| Recurring financial income | 75 | €109,709 | €205 | -€109,504 | -99.8% |
| Financial charges | 65/66B | €18,373 | €15,313 | -€3,060 | -16.7% |
| Recurring financial charges | 65 | €18,373 | €15,313 | -€3,060 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €191,135 | €79,697 | -€111,438 | -58.3% |
| Income taxes | 67/77 | €24,747 | €22,426 | -€2,321 | -9.4% |
| Profit (loss) for the period | 9904 | €166,388 | €57,270 | -€109,117 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €166,388 | €57,270 | -€109,117 | -65.6% |
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 16 October 2026 via checked.be.