KABINE: 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.
KABINE
Largest movements
- Stocks and contracts +€370,589
up €370,589 (+116%), from €319,040 to €689,629
- Tangible fixed assets +€323,274
up €323,274 (+234%), from €137,967 to €461,240
of which Other tangible fixed assets: +€403,741
- Receivables within one year +€153,912
up €153,912 (+141%), from €109,058 to €262,970
of which Trade receivables: +€123,443
- Intangible fixed assets +€108,528
up €108,528 (+45.8%), from €237,128 to €345,656
- Other debts +€873,089
up €873,089 (+81.9%), from €1.1m to €1.9m
- Trade debts +€285,638
up €285,638 (+213%), from €133,968 to €419,606
- Profit (loss) carried forward -€232,671
down €232,671 (-16.9%), from -€1.4m to -€1.6m
- Tax, wage and social debts +€40,675
up €40,675 (+163%), from €24,956 to €65,631
of which Taxes: +€23,924
- Gross operating margin +€233,912
up €233,912, from -€138,266 to €95,646
- Depreciation +€64,311
up €64,311 (+164%), from €39,241 to €103,553
- Staff costs +€13,831
up €13,831 (+7.1%), from €193,642 to €207,473
- Financial charges +€7,157
up €7,157 (+77.9%), from €9,183 to €16,340
- Financial income -€3,312
down €3,312 (-85.9%), from €3,857 to €546
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 | €859,590 | €1,830,575 | +€970,985 | +113% |
| Fixed assets | 21/28 | €375,213 | €807,015 | +€431,801 | +115% |
| Intangible fixed assets | 21 | €237,128 | €345,656 | +€108,528 | +45.8% |
| Tangible fixed assets | 22/27 | €137,967 | €461,240 | +€323,274 | +234% |
| Plant, machinery and equipment | 23 | €14,474 | €37,561 | +€23,088 | +160% |
| Furniture and vehicles | 24 | €5,150 | €19,938 | +€14,788 | +287% |
| Leasing and similar rights | 25 | €118,343 | - | -€118,343 | |
| Other tangible fixed assets | 26 | - | €403,741 | +€403,741 | |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €484,377 | €1,023,561 | +€539,184 | +111% |
| Stocks and contracts in progress | 3 | €319,040 | €689,629 | +€370,589 | +116% |
| Stocks | 30/36 | €319,040 | €689,629 | +€370,589 | +116% |
| Amounts receivable within one year | 40/41 | €109,058 | €262,970 | +€153,912 | +141% |
| Trade receivables | 40 | €84,128 | €207,571 | +€123,443 | +147% |
| Other amounts receivable | 41 | €24,930 | €55,400 | +€30,470 | +122% |
| Cash at bank and in hand | 54/58 | €52,846 | €54,427 | +€1,580 | +3.0% |
| Deferred charges and accrued income | 490/1 | €3,432 | €16,534 | +€13,102 | +382% |
| Total equity and liabilities | 10/49 | €859,590 | €1,830,575 | +€970,985 | +113% |
| Equity | 10/15 | -€407,331 | -€640,002 | -€232,671 | -57.1% |
| Contributions | 10/11 | €972,001 | €972,001 | = | 0.0% |
| Capital | 10 | €972,001 | €972,001 | = | 0.0% |
| Issued capital | 100 | €972,001 | €972,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,379,332 | -€1,612,003 | -€232,671 | -16.9% |
| Amounts payable | 17/49 | €1,266,921 | €2,470,577 | +€1.2m | +95.0% |
| Amounts payable within one year | 42/48 | €1,265,138 | €2,470,577 | +€1.2m | +95.3% |
| Trade debts | 44 | €133,968 | €419,606 | +€285,638 | +213% |
| Suppliers | 440/4 | €133,968 | €419,606 | +€285,638 | +213% |
| Advances received on contracts in progress | 46 | €39,850 | €45,887 | +€6,037 | +15.2% |
| Taxes, remuneration and social security | 45 | €24,956 | €65,631 | +€40,675 | +163% |
| Taxes | 450/3 | €10,135 | €34,059 | +€23,924 | +236% |
| Remuneration and social security | 454/9 | €14,821 | €31,572 | +€16,751 | +113% |
| Other amounts payable | 47/48 | €1,066,364 | €1,939,453 | +€873,089 | +81.9% |
| Accrued charges and deferred income | 492/3 | €1,783 | €0 | -€1,783 | -100% |
| Remuneration, social security and pensions | 62 | €193,642 | €207,473 | +€13,831 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,241 | €103,553 | +€64,311 | +164% |
| Other operating charges | 640/8 | €1,841 | €1,497 | -€344 | -18.7% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100% |
| Gross operating margin | 9900 | -€138,266 | €95,646 | +€233,912 | |
| Operating profit (loss) | 9901 | -€372,990 | -€216,877 | +€156,114 | +41.9% |
| Financial income | 75/76B | €3,857 | €546 | -€3,312 | -85.9% |
| Recurring financial income | 75 | €3,857 | €546 | -€3,312 | -85.9% |
| Financial charges | 65/66B | €9,183 | €16,340 | +€7,157 | +77.9% |
| Recurring financial charges | 65 | €9,183 | €16,340 | +€7,157 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | -€378,316 | -€232,671 | +€145,645 | +38.5% |
| Profit (loss) for the period | 9904 | -€378,316 | -€232,671 | +€145,645 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€378,316 | -€232,671 | +€145,645 | +38.5% |
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 14 October 2026 via checked.be.