LE CABINET: 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.
LE CABINET
Largest movements
- Tangible fixed assets +€731,703
up €731,703 (+163%), from €448,488 to €1.2m
of which Land and buildings: +€740,283
- Receivables within one year +€373,322
up €373,322 (+164%), from €226,994 to €600,316
of which Trade receivables: +€291,321
- Cash -€211,478
down €211,478 (-87.7%), from €241,081 to €29,603
mainly Investment in fixed assets (net) (-€801,109) and Receivables within one year (-€373,322)
- Debts after one year +€460,727
up €460,727 (+279%), from €165,328 to €626,055
- Trade debts +€190,110
up €190,110 (+540%), from €35,226 to €225,336
- Profit (loss) carried forward +€135,390
up €135,390 (+21.8%), from €620,127 to €755,517
- Tax, wage and social debts +€54,636
up €54,636 (+61.6%), from €88,658 to €143,294
of which Taxes: +€47,236
- Current portion of long-term debt +€29,072
up €29,072 (+159%), from €18,268 to €47,340
- Staff costs +€95,078
up €95,078 (+72.2%), from €131,652 to €226,730
- Taxes -€42,830
down €42,830 (-47.6%), from €90,066 to €47,236
- Depreciation +€32,036
up €32,036 (+75.1%), from €42,684 to €74,720
- Gross operating margin +€29,814
up €29,814 (+6.3%), from €476,057 to €505,871
- Financial charges +€13,963
up €13,963 (+326%), from €4,284 to €18,247
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 | €947,607 | €1,831,620 | +€884,013 | +93.3% |
| Formation expenses | 20 | €1,053 | €739 | -€314 | -29.8% |
| Fixed assets | 21/28 | €473,851 | €1,200,554 | +€726,703 | +153% |
| Intangible fixed assets | 21 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Tangible fixed assets | 22/27 | €448,488 | €1,180,191 | +€731,703 | +163% |
| Land and buildings | 22 | - | €740,283 | +€740,283 | |
| Plant, machinery and equipment | 23 | €28,309 | €38,855 | +€10,546 | +37.3% |
| Furniture and vehicles | 24 | €3,276 | €7,172 | +€3,896 | +119% |
| Other tangible fixed assets | 26 | €416,903 | €393,881 | -€23,022 | -5.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €472,703 | €630,327 | +€157,624 | +33.3% |
| Amounts receivable within one year | 40/41 | €226,994 | €600,316 | +€373,322 | +164% |
| Trade receivables | 40 | €637 | €291,958 | +€291,321 | +45,733% |
| Other amounts receivable | 41 | €226,357 | €308,358 | +€82,001 | +36.2% |
| Cash at bank and in hand | 54/58 | €241,081 | €29,603 | -€211,478 | -87.7% |
| Deferred charges and accrued income | 490/1 | €4,628 | €408 | -€4,220 | -91.2% |
| Total equity and liabilities | 10/49 | €947,607 | €1,831,620 | +€884,013 | +93.3% |
| Equity | 10/15 | €640,127 | €775,517 | +€135,390 | +21.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €620,127 | €755,517 | +€135,390 | +21.8% |
| Amounts payable | 17/49 | €307,480 | €1,056,103 | +€748,623 | +243% |
| Amounts payable after more than one year | 17 | €165,328 | €626,055 | +€460,727 | +279% |
| Financial debts | 170/4 | €165,328 | €626,055 | +€460,727 | +279% |
| Amounts payable within one year | 42/48 | €142,152 | €428,632 | +€286,480 | +202% |
| Current portion of amounts payable after more than one year | 42 | €18,268 | €47,340 | +€29,072 | +159% |
| Trade debts | 44 | €35,226 | €225,336 | +€190,110 | +540% |
| Suppliers | 440/4 | €35,226 | €225,336 | +€190,110 | +540% |
| Taxes, remuneration and social security | 45 | €88,658 | €143,294 | +€54,636 | +61.6% |
| Taxes | 450/3 | €85,231 | €132,467 | +€47,236 | +55.4% |
| Remuneration and social security | 454/9 | €3,427 | €10,827 | +€7,400 | +216% |
| Other amounts payable | 47/48 | - | €12,662 | +€12,662 | |
| Accrued charges and deferred income | 492/3 | - | €1,416 | +€1,416 | |
| Remuneration, social security and pensions | 62 | €131,652 | €226,730 | +€95,078 | +72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,684 | €74,720 | +€32,036 | +75.1% |
| Other operating charges | 640/8 | €3,884 | €6,535 | +€2,651 | +68.3% |
| Gross operating margin | 9900 | €476,057 | €505,871 | +€29,814 | +6.3% |
| Operating profit (loss) | 9901 | €297,837 | €197,886 | -€99,951 | -33.6% |
| Financial income | 75/76B | €6,693 | €2,987 | -€3,706 | -55.4% |
| Recurring financial income | 75 | €6,693 | €2,987 | -€3,706 | -55.4% |
| Financial charges | 65/66B | €4,284 | €18,247 | +€13,963 | +326% |
| Recurring financial charges | 65 | €4,284 | €18,247 | +€13,963 | +326% |
| Profit (loss) for the period before taxes | 9903 | €300,246 | €182,626 | -€117,620 | -39.2% |
| Income taxes | 67/77 | €90,066 | €47,236 | -€42,830 | -47.6% |
| Profit (loss) for the period | 9904 | €210,180 | €135,390 | -€74,790 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €210,180 | €135,390 | -€74,790 | -35.6% |
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 22 October 2026 via checked.be.