Q - CAB: 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.
Q - CAB
Largest movements
- Receivables within one year -€91,081
down €91,081 (-8.1%), from €1.1m to €1.0m
of which Other amounts receivable: -€111,651
- Tangible fixed assets -€66,224
down €66,224 (-13.7%), from €484,209 to €417,985
of which Furniture and vehicles: -€34,418
- Deferred charges and accrued income -€61,290
down €61,290 (-84.8%), from €72,290 to €11,000
- Other debts -€236,767
down €236,767 (-11.8%), from €2.0m to €1.8m
- Reserves +€104,834
up €104,834 (+7.0%), from €1.5m to €1.6m
of which Distributable reserves: +€57,604
- Current portion of long-term debt -€58,213
down €58,213 (-47.0%), from €123,976 to €65,763
- Debts after one year -€47,746
down €47,746 (-20.1%), from €237,133 to €189,387
- Gross operating margin -€304,208
down €304,208 (-53.0%), from €574,336 to €270,128
- Taxes -€79,787
down €79,787 (-66.1%), from €120,783 to €40,996
- Financial income +€11,789
up €11,789 (+22.3%), from €52,798 to €64,587
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.
Cash bridge derived
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 | €3,917,158 | €3,682,682 | -€234,476 | -6.0% |
| Fixed assets | 21/28 | €2,556,888 | €2,490,664 | -€66,224 | -2.6% |
| Tangible fixed assets | 22/27 | €484,209 | €417,985 | -€66,224 | -13.7% |
| Land and buildings | 22 | €375,532 | €341,789 | -€33,743 | -9.0% |
| Plant, machinery and equipment | 23 | - | €1,937 | +€1,937 | |
| Furniture and vehicles | 24 | €108,677 | €74,259 | -€34,418 | -31.7% |
| Financial fixed assets | 28 | €2,072,679 | €2,072,679 | = | 0.0% |
| Current assets | 29/58 | €1,360,270 | €1,192,018 | -€168,252 | -12.4% |
| Amounts receivable after more than one year | 29 | €83,000 | €83,000 | = | 0.0% |
| Other amounts receivable | 291 | €83,000 | €83,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,121,385 | €1,030,304 | -€91,081 | -8.1% |
| Trade receivables | 40 | €0 | €20,570 | +€20,570 | |
| Other amounts receivable | 41 | €1,121,385 | €1,009,734 | -€111,651 | -10.0% |
| Cash at bank and in hand | 54/58 | €83,595 | €67,714 | -€15,881 | -19.0% |
| Deferred charges and accrued income | 490/1 | €72,290 | €11,000 | -€61,290 | -84.8% |
| Total equity and liabilities | 10/49 | €3,917,158 | €3,682,682 | -€234,476 | -6.0% |
| Equity | 10/15 | €1,512,464 | €1,617,298 | +€104,834 | +6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,493,872 | €1,598,706 | +€104,834 | +7.0% |
| Tax-exempt reserves | 132 | €205,229 | €252,459 | +€47,230 | +23.0% |
| Distributable reserves | 133 | €1,288,643 | €1,346,248 | +€57,604 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €11,640 | €9,140 | -€2,500 | -21.5% |
| Deferred taxes | 168 | €11,640 | €9,140 | -€2,500 | -21.5% |
| Amounts payable | 17/49 | €2,393,054 | €2,056,244 | -€336,811 | -14.1% |
| Amounts payable after more than one year | 17 | €237,133 | €189,387 | -€47,746 | -20.1% |
| Financial debts | 170/4 | €237,133 | €189,387 | -€47,746 | -20.1% |
| Amounts payable within one year | 42/48 | €2,154,537 | €1,865,036 | -€289,500 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €123,976 | €65,763 | -€58,213 | -47.0% |
| Trade debts | 44 | €11,513 | €16,124 | +€4,611 | +40.1% |
| Suppliers | 440/4 | €11,513 | €16,124 | +€4,611 | +40.1% |
| Taxes, remuneration and social security | 45 | €15,414 | €16,282 | +€868 | +5.6% |
| Taxes | 450/3 | €5,967 | €3,451 | -€2,515 | -42.2% |
| Remuneration and social security | 454/9 | €9,447 | €12,830 | +€3,383 | +35.8% |
| Other amounts payable | 47/48 | €2,003,634 | €1,766,867 | -€236,767 | -11.8% |
| Accrued charges and deferred income | 492/3 | €1,384 | €1,820 | +€436 | +31.5% |
| Remuneration, social security and pensions | 62 | €143,847 | €143,679 | -€168 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,622 | €37,713 | +€4,091 | +12.2% |
| Other operating charges | 640/8 | €3,221 | €3,228 | +€7 | +0.2% |
| Gross operating margin | 9900 | €574,336 | €270,128 | -€304,208 | -53.0% |
| Operating profit (loss) | 9901 | €393,647 | €85,508 | -€308,139 | -78.3% |
| Financial income | 75/76B | €52,798 | €64,587 | +€11,789 | +22.3% |
| Recurring financial income | 75 | €52,798 | €64,587 | +€11,789 | +22.3% |
| Financial charges | 65/66B | €8,610 | €6,765 | -€1,845 | -21.4% |
| Recurring financial charges | 65 | €8,610 | €6,765 | -€1,845 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €437,835 | €143,330 | -€294,505 | -67.3% |
| Transfer from deferred taxes | 780 | €860 | €2,500 | +€1,640 | +190.6% |
| Income taxes | 67/77 | €120,783 | €40,996 | -€79,787 | -66.1% |
| Profit (loss) for the period | 9904 | €317,913 | €104,834 | -€213,078 | -67.0% |
| Transfer from tax-exempt reserves | 789 | €2,581 | €7,500 | +€4,919 | +190.6% |
| Transfer to tax-exempt reserves | 689 | €151,560 | €54,730 | -€96,830 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €168,934 | €57,604 | -€111,330 | -65.9% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.