KABELEC: what changed
Two fiscal 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.
KABELEC
Largest movements
- Tangible fixed assets -€45,005
down €45,005 (-42.0%), from €107,230 to €62,225
of which Land and buildings: -€24,921
- Cash +€38,386
up €38,386 (+73.2%), from €52,427 to €90,813
mainly Net result for the year (+€94,523) and Depreciation (+€50,201)
- Receivables within one year +€32,394
up €32,394 (+70.6%), from €45,914 to €78,308
of which Trade receivables: +€20,866
- Reserves +€49,523
up €49,523 (+52.0%), from €95,184 to €144,707
of which Non-distributable reserves: +€49,523
- Debts after one year -€28,307
down €28,307 (-96.2%), from €29,427 to €1,120
- Current portion of long-term debt +€5,694
up €5,694 (+25.2%), from €22,613 to €28,307
- Gross operating margin +€8,111
up €8,111 (+3.6%), from €223,865 to €231,975
- Taxes +€2,688
up €2,688 (+15.5%), from €17,326 to €20,014
- Financial charges -€2,336
down €2,336 (-48.4%), from €4,830 to €2,494
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 | €230,582 | €256,526 | +€25,944 | +11.3% |
| Fixed assets | 21/28 | €127,220 | €82,215 | -€45,005 | -35.4% |
| Tangible fixed assets | 22/27 | €107,230 | €62,225 | -€45,005 | -42.0% |
| Land and buildings | 22 | €58,646 | €33,725 | -€24,921 | -42.5% |
| Plant, machinery and equipment | 23 | €7,906 | €5,188 | -€2,718 | -34.4% |
| Furniture and vehicles | 24 | €40,679 | €23,312 | -€17,367 | -42.7% |
| Financial fixed assets | 28 | €19,990 | €19,990 | = | 0.0% |
| Current assets | 29/58 | €103,362 | €174,311 | +€70,949 | +68.6% |
| Stocks and contracts in progress | 3 | €1,941 | - | -€1,941 | |
| Stocks | 30/36 | €1,941 | - | -€1,941 | |
| Amounts receivable within one year | 40/41 | €45,914 | €78,308 | +€32,394 | +70.6% |
| Trade receivables | 40 | €10,292 | €31,157 | +€20,866 | +202.7% |
| Other amounts receivable | 41 | €35,623 | €47,151 | +€11,529 | +32.4% |
| Cash at bank and in hand | 54/58 | €52,427 | €90,813 | +€38,386 | +73.2% |
| Deferred charges and accrued income | 490/1 | €3,080 | €5,190 | +€2,110 | +68.5% |
| Total equity and liabilities | 10/49 | €230,582 | €256,526 | +€25,944 | +11.3% |
| Equity | 10/15 | €107,584 | €157,107 | +€49,523 | +46.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €95,184 | €144,707 | +€49,523 | +52.0% |
| Non-distributable reserves | 130/1 | €95,140 | €144,663 | +€49,523 | +52.1% |
| Other | 1319 | €95,140 | €144,663 | +€49,523 | +52.1% |
| Tax-exempt reserves | 132 | €44 | €44 | = | 0.0% |
| Amounts payable | 17/49 | €122,999 | €99,420 | -€23,579 | -19.2% |
| Amounts payable after more than one year | 17 | €29,427 | €1,120 | -€28,307 | -96.2% |
| Financial debts | 170/4 | €29,427 | €1,120 | -€28,307 | -96.2% |
| Amounts payable within one year | 42/48 | €93,516 | €98,178 | +€4,661 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €22,613 | €28,307 | +€5,694 | +25.2% |
| Trade debts | 44 | €1,952 | €1,926 | -€25 | -1.3% |
| Suppliers | 440/4 | €1,952 | €1,926 | -€25 | -1.3% |
| Taxes, remuneration and social security | 45 | €21,742 | €20,679 | -€1,063 | -4.9% |
| Taxes | 450/3 | €10,954 | €13,150 | +€2,195 | +20.0% |
| Remuneration and social security | 454/9 | €10,788 | €7,530 | -€3,258 | -30.2% |
| Other amounts payable | 47/48 | €47,210 | €47,265 | +€55 | +0.1% |
| Accrued charges and deferred income | 492/3 | €55 | €122 | +€67 | +120.3% |
| Remuneration, social security and pensions | 62 | €66,417 | €65,681 | -€736 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,073 | €50,201 | +€2,128 | +4.4% |
| Other operating charges | 640/8 | €2,590 | €2,153 | -€437 | -16.9% |
| Non-recurring operating charges | 66A | €685 | €116 | -€568 | -83.0% |
| Gross operating margin | 9900 | €223,865 | €231,975 | +€8,111 | +3.6% |
| Operating profit (loss) | 9901 | €106,100 | €113,824 | +€7,724 | +7.3% |
| Financial income | 75/76B | €2,079 | €3,206 | +€1,127 | +54.2% |
| Recurring financial income | 75 | €2,079 | €3,206 | +€1,127 | +54.2% |
| Financial charges | 65/66B | €4,830 | €2,494 | -€2,336 | -48.4% |
| Recurring financial charges | 65 | €4,830 | €2,494 | -€2,336 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €103,349 | €114,537 | +€11,188 | +10.8% |
| Income taxes | 67/77 | €17,326 | €20,014 | +€2,688 | +15.5% |
| Profit (loss) for the period | 9904 | €86,023 | €94,523 | +€8,500 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,023 | €94,523 | +€8,500 | +9.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.