KABLO: 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.
KABLO
Largest movements
- Stocks and contracts -€4,930
down €4,930 (-10.9%), from €45,125 to €40,195
- Cash -€2,235
down €2,235 (-10.4%), from €21,398 to €19,163
mainly Net result for the year (-€40,044)
- Profit (loss) carried forward -€40,044
down €40,044 (-16.2%), from -€247,884 to -€287,927
- Tax, wage and social debts +€31,132
up €31,132 (+24.0%), from €129,900 to €161,032
of which Remuneration and social security: +€30,600
- Gross operating margin -€7,302
down €7,302 (-23.5%), from -€31,068 to -€38,369
- Other operating charges -€463
down €463 (-37.1%), from €1,249 to €785
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,465 | €61,237 | -€8,227 | -11.8% |
| Fixed assets | 21/28 | €2,380 | €1,880 | -€501 | -21.0% |
| Intangible fixed assets | 21 | €2,005 | €1,604 | -€401 | -20.0% |
| Tangible fixed assets | 22/27 | €356 | €256 | -€100 | -28.1% |
| Plant, machinery and equipment | 23 | €356 | €256 | -€100 | -28.1% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €67,084 | €59,358 | -€7,726 | -11.5% |
| Stocks and contracts in progress | 3 | €45,125 | €40,195 | -€4,930 | -10.9% |
| Stocks | 30/36 | €45,125 | €40,195 | -€4,930 | -10.9% |
| Amounts receivable within one year | 40/41 | €561 | - | -€561 | |
| Other amounts receivable | 41 | €561 | - | -€561 | |
| Cash at bank and in hand | 54/58 | €21,398 | €19,163 | -€2,235 | -10.4% |
| Total equity and liabilities | 10/49 | €69,465 | €61,237 | -€8,227 | -11.8% |
| Equity | 10/15 | -€230,620 | -€270,664 | -€40,044 | -17.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €11,066 | €11,066 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €9,207 | €9,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,884 | -€287,927 | -€40,044 | -16.2% |
| Amounts payable | 17/49 | €300,085 | €331,901 | +€31,816 | +10.6% |
| Amounts payable within one year | 42/48 | €300,085 | €331,901 | +€31,816 | +10.6% |
| Trade debts | 44 | €656 | €840 | +€184 | +28.1% |
| Suppliers | 440/4 | €656 | €840 | +€184 | +28.1% |
| Taxes, remuneration and social security | 45 | €129,900 | €161,032 | +€31,132 | +24.0% |
| Taxes | 450/3 | - | €532 | +€532 | |
| Remuneration and social security | 454/9 | €129,900 | €160,500 | +€30,600 | +23.6% |
| Other amounts payable | 47/48 | €169,529 | €170,029 | +€500 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €501 | -€337 | -40.2% |
| Other operating charges | 640/8 | €1,249 | €785 | -€463 | -37.1% |
| Gross operating margin | 9900 | -€31,068 | -€38,369 | -€7,302 | -23.5% |
| Operating profit (loss) | 9901 | -€33,154 | -€39,656 | -€6,501 | -19.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +157% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +157% |
| Financial charges | 65/66B | €726 | €388 | -€338 | -46.6% |
| Recurring financial charges | 65 | €726 | €388 | -€338 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,881 | -€40,044 | -€6,163 | -18.2% |
| Profit (loss) for the period | 9904 | -€33,881 | -€40,044 | -€6,163 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,881 | -€40,044 | -€6,163 | -18.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.