KABINVEST: 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.
KABINVEST
Largest movements
- Tangible fixed assets +€65,556
up €65,556 (+847%), from €7,743 to €73,299
- Receivables within one year +€20,262
up €20,262 (+158%), from €12,817 to €33,079
of which Trade receivables: +€21,163
- Cash +€12,404
up €12,404 (+3,612%), from €343 to €12,748
mainly Debts after one year (+€55,714) and Current portion of long-term debt (+€13,213)
- Debts after one year +€55,714
up €55,714 (+745%), from €7,479 to €63,192
- Current portion of long-term debt +€13,213
up €13,213 (+449%), from €2,942 to €16,155
- Other debts +€13,025
up €13,025 (+1,458%), from €893 to €13,918
- Advances received +€9,121
up €9,121 (+478%), from €1,909 to €11,030
- Tax, wage and social debts +€6,892
up €6,892 (+3,952%), from €174 to €7,066
- Gross operating margin -€55,131
down €55,131 (-76.6%), from €72,015 to €16,885
- Staff costs -€42,788
down €42,788, from €42,617 to -€171
- Depreciation +€4,064
up €4,064 (+122%), from €3,319 to €7,383
- Financial charges -€3,137
down €3,137 (-62.6%), from €5,015 to €1,878
- Other operating charges -€785
down €785 (-21.9%), from €3,593 to €2,808
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 | €21,039 | €120,127 | +€99,088 | +471% |
| Fixed assets | 21/28 | €7,793 | €73,349 | +€65,556 | +841% |
| Tangible fixed assets | 22/27 | €7,743 | €73,299 | +€65,556 | +847% |
| Furniture and vehicles | 24 | €7,743 | €73,299 | +€65,556 | +847% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €13,246 | €46,778 | +€33,532 | +253% |
| Amounts receivable within one year | 40/41 | €12,817 | €33,079 | +€20,262 | +158% |
| Trade receivables | 40 | €10,953 | €32,116 | +€21,163 | +193% |
| Other amounts receivable | 41 | €1,864 | €963 | -€901 | -48.3% |
| Cash at bank and in hand | 54/58 | €343 | €12,748 | +€12,404 | +3,612% |
| Deferred charges and accrued income | 490/1 | €85 | €951 | +€866 | +1,016% |
| Total equity and liabilities | 10/49 | €21,039 | €120,127 | +€99,088 | +471% |
| Equity | 10/15 | -€4,771 | -€2,869 | +€1,902 | +39.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,631 | -€14,729 | +€1,902 | +11.4% |
| Amounts payable | 17/49 | €25,810 | €122,996 | +€97,186 | +377% |
| Amounts payable after more than one year | 17 | €7,479 | €63,192 | +€55,714 | +745% |
| Financial debts | 170/4 | €7,479 | €63,192 | +€55,714 | +745% |
| Amounts payable within one year | 42/48 | €18,331 | €59,803 | +€41,472 | +226% |
| Current portion of amounts payable after more than one year | 42 | €2,942 | €16,155 | +€13,213 | +449% |
| Financial debts | 43 | €3,481 | - | -€3,481 | |
| Credit institutions | 430/8 | €3,481 | - | -€3,481 | |
| Trade debts | 44 | €8,931 | €11,634 | +€2,703 | +30.3% |
| Suppliers | 440/4 | €8,931 | €11,634 | +€2,703 | +30.3% |
| Advances received on contracts in progress | 46 | €1,909 | €11,030 | +€9,121 | +478% |
| Taxes, remuneration and social security | 45 | €174 | €7,066 | +€6,892 | +3,952% |
| Taxes | 450/3 | €174 | €7,066 | +€6,892 | +3,952% |
| Other amounts payable | 47/48 | €893 | €13,918 | +€13,025 | +1,458% |
| Non-recurring operating income | 76A | €34,313 | €935 | -€33,378 | -97.3% |
| Remuneration, social security and pensions | 62 | €42,617 | -€171 | -€42,788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,319 | €7,383 | +€4,064 | +122% |
| Other operating charges | 640/8 | €3,593 | €2,808 | -€785 | -21.9% |
| Non-recurring operating charges | 66A | €6,519 | €2,919 | -€3,600 | -55.2% |
| Gross operating margin | 9900 | €72,015 | €16,885 | -€55,131 | -76.6% |
| Operating profit (loss) | 9901 | €15,967 | €3,947 | -€12,021 | -75.3% |
| Financial charges | 65/66B | €5,015 | €1,878 | -€3,137 | -62.6% |
| Recurring financial charges | 65 | €5,015 | €1,878 | -€3,137 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €10,953 | €2,069 | -€8,883 | -81.1% |
| Income taxes | 67/77 | €174 | €168 | -€7 | -3.9% |
| Profit (loss) for the period | 9904 | €10,778 | €1,902 | -€8,877 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,778 | €1,902 | -€8,877 | -82.4% |
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 25 October 2026 via checked.be.