KABERGS: 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.
KABERGS
Largest movements
- Tangible fixed assets +€143,904
up €143,904 (+58.9%), from €244,273 to €388,177
of which Furniture and vehicles: +€172,526
- Receivables within one year -€129,743
down €129,743 (-9.5%), from €1.4m to €1.2m
of which Trade receivables: -€138,868
- Cash -€25,362
down €25,362 (-9.3%), from €272,187 to €246,825
mainly Investment in fixed assets (net) (-€190,000) and Other debts (-€156,034)
- Other debts -€156,034
down €156,034 (-32.9%), from €474,085 to €318,051
- Debts after one year +€94,921
up €94,921 (+154.4%), from €61,462 to €156,382
- Short-term financial debts -€51,692
down €51,692 (-14.8%), from €349,788 to €298,096
- Current portion of long-term debt +€50,287
up €50,287 (+134.5%), from €37,388 to €87,675
- Trade debts +€42,286
up €42,286 (+13.1%), from €322,519 to €364,805
- Gross operating margin -€78,277
down €78,277 (-22.2%), from €352,728 to €274,451
- Staff costs -€29,728
down €29,728 (-15.1%), from €197,120 to €167,392
- Financial income -€15,272
down €15,272 (-99.9%), from €15,283 to €11
- Depreciation +€11,176
up €11,176 (+32.0%), from €34,920 to €46,096
- Taxes -€11,006
down €11,006 (-73.4%), from €14,989 to €3,983
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,321,226 | €2,289,602 | -€31,624 | -1.4% |
| Fixed assets | 21/28 | €247,425 | €391,329 | +€143,904 | +58.2% |
| Tangible fixed assets | 22/27 | €244,273 | €388,177 | +€143,904 | +58.9% |
| Land and buildings | 22 | €141,172 | €125,460 | -€15,712 | -11.1% |
| Plant, machinery and equipment | 23 | €46,975 | €34,066 | -€12,909 | -27.5% |
| Furniture and vehicles | 24 | €56,125 | €228,651 | +€172,526 | +307.4% |
| Financial fixed assets | 28 | €3,153 | €3,153 | = | 0.0% |
| Current assets | 29/58 | €2,073,800 | €1,898,272 | -€175,528 | -8.5% |
| Stocks and contracts in progress | 3 | €435,259 | €414,836 | -€20,424 | -4.7% |
| Stocks | 30/36 | €435,259 | €414,836 | -€20,424 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,366,354 | €1,236,611 | -€129,743 | -9.5% |
| Trade receivables | 40 | €1,356,343 | €1,217,475 | -€138,868 | -10.2% |
| Other amounts receivable | 41 | €10,011 | €19,136 | +€9,126 | +91.2% |
| Cash at bank and in hand | 54/58 | €272,187 | €246,825 | -€25,362 | -9.3% |
| Total equity and liabilities | 10/49 | €2,321,226 | €2,289,602 | -€31,624 | -1.4% |
| Equity | 10/15 | €1,035,512 | €1,050,771 | +€15,260 | +1.5% |
| Contributions | 10/11 | €614,955 | €614,867 | -€89 | 0.0% |
| Capital | 10 | €614,955 | €614,867 | -€89 | 0.0% |
| Issued capital | 100 | €614,955 | €614,867 | -€89 | 0.0% |
| Reserves | 13 | €420,557 | €435,905 | +€15,348 | +3.6% |
| Non-distributable reserves | 130/1 | €61,496 | €61,496 | = | 0.0% |
| Legal reserve | 130 | €61,496 | €61,496 | = | 0.0% |
| Distributable reserves | 133 | €359,061 | €374,409 | +€15,348 | +4.3% |
| Amounts payable | 17/49 | €1,285,714 | €1,238,831 | -€46,883 | -3.6% |
| Amounts payable after more than one year | 17 | €61,462 | €156,382 | +€94,921 | +154.4% |
| Financial debts | 170/4 | €61,462 | €156,382 | +€94,921 | +154.4% |
| Amounts payable within one year | 42/48 | €1,221,841 | €1,082,448 | -€139,393 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €37,388 | €87,675 | +€50,287 | +134.5% |
| Financial debts | 43 | €349,788 | €298,096 | -€51,692 | -14.8% |
| Credit institutions | 430/8 | €349,788 | €298,096 | -€51,692 | -14.8% |
| Trade debts | 44 | €322,519 | €364,805 | +€42,286 | +13.1% |
| Suppliers | 440/4 | €322,519 | €364,805 | +€42,286 | +13.1% |
| Advances received on contracts in progress | 46 | - | €2,311 | +€2,311 | |
| Taxes, remuneration and social security | 45 | €38,062 | €11,511 | -€26,552 | -69.8% |
| Taxes | 450/3 | €35,189 | €8,345 | -€26,844 | -76.3% |
| Remuneration and social security | 454/9 | €2,874 | €3,165 | +€292 | +10.2% |
| Other amounts payable | 47/48 | €474,085 | €318,051 | -€156,034 | -32.9% |
| Accrued charges and deferred income | 492/3 | €2,411 | - | -€2,411 | |
| Remuneration, social security and pensions | 62 | €197,120 | €167,392 | -€29,728 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,920 | €46,096 | +€11,176 | +32.0% |
| Other operating charges | 640/8 | €4,574 | €3,855 | -€719 | -15.7% |
| Non-recurring operating charges | 66A | €13,413 | - | -€13,413 | |
| Gross operating margin | 9900 | €352,728 | €274,451 | -€78,277 | -22.2% |
| Operating profit (loss) | 9901 | €102,700 | €57,108 | -€45,593 | -44.4% |
| Financial income | 75/76B | €15,283 | €11 | -€15,272 | -99.9% |
| Recurring financial income | 75 | €15,283 | €11 | -€15,272 | -99.9% |
| Financial charges | 65/66B | €33,679 | €37,787 | +€4,108 | +12.2% |
| Recurring financial charges | 65 | €33,679 | €37,787 | +€4,108 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €84,304 | €19,331 | -€64,972 | -77.1% |
| Income taxes | 67/77 | €14,989 | €3,983 | -€11,006 | -73.4% |
| Profit (loss) for the period | 9904 | €69,315 | €15,348 | -€53,966 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,315 | €15,348 | -€53,966 | -77.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.