WERNER CABERGHS: what changed
WERNER CABERGHS
Largest movements
- Receivables within one year -€18,562
down €18,562 (-35.2%), from €52,766 to €34,204
of which Trade receivables: -€24,364
- Cash +€17,539
up €17,539 (+72.5%), from €24,181 to €41,720
mainly Receivables within one year (+€18,562) and Trade debts (+€16,110)
- Stocks and contracts +€4,629
up €4,629 (+22.1%), from €20,972 to €25,601
of which Stocks: +€4,279
- Tangible fixed assets -€3,058
down €3,058 (-43.2%), from €7,081 to €4,022
of which Furniture and vehicles: -€2,209
- Trade debts +€16,110
up €16,110 (+166%), from €9,721 to €25,830
- Tax, wage and social debts -€10,042
down €10,042 (-96.4%), from €10,418 to €376
of which Taxes: -€7,942
- Current portion of long-term debt -€6,397
no longer reported in 2025 (was €6,397)
- Reserves +€2,508
up €2,508 (+3.6%), from €68,897 to €71,404
of which Distributable reserves: +€2,508
- Gross operating margin -€23,157
down €23,157 (-75.3%), from €30,765 to €7,608
- Depreciation -€7,663
down €7,663 (-71.5%), from €10,722 to €3,058
- Taxes -€4,112
down €4,112 (-76.5%), from €5,376 to €1,265
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,192 | €108,811 | +€1,619 | +1.5% |
| Fixed assets | 21/28 | €7,081 | €4,022 | -€3,058 | -43.2% |
| Tangible fixed assets | 22/27 | €7,081 | €4,022 | -€3,058 | -43.2% |
| Land and buildings | 22 | €3,934 | €3,085 | -€849 | -21.6% |
| Furniture and vehicles | 24 | €3,146 | €937 | -€2,209 | -70.2% |
| Current assets | 29/58 | €100,112 | €104,789 | +€4,677 | +4.7% |
| Stocks and contracts in progress | 3 | €20,972 | €25,601 | +€4,629 | +22.1% |
| Stocks | 30/36 | €8,846 | €13,126 | +€4,279 | +48.4% |
| Contracts in progress | 37 | €12,126 | €12,475 | +€349 | +2.9% |
| Amounts receivable within one year | 40/41 | €52,766 | €34,204 | -€18,562 | -35.2% |
| Trade receivables | 40 | €41,038 | €16,674 | -€24,364 | -59.4% |
| Other amounts receivable | 41 | €11,728 | €17,530 | +€5,802 | +49.5% |
| Cash at bank and in hand | 54/58 | €24,181 | €41,720 | +€17,539 | +72.5% |
| Deferred charges and accrued income | 490/1 | €2,193 | €3,264 | +€1,072 | +48.9% |
| Total equity and liabilities | 10/49 | €107,192 | €108,811 | +€1,619 | +1.5% |
| Equity | 10/15 | €75,097 | €77,604 | +€2,508 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,897 | €71,404 | +€2,508 | +3.6% |
| Non-distributable reserves | 130/1 | €682 | €682 | = | 0.0% |
| Legal reserve | 130 | €682 | €682 | = | 0.0% |
| Distributable reserves | 133 | €68,214 | €70,722 | +€2,508 | +3.7% |
| Amounts payable | 17/49 | €32,096 | €31,207 | -€889 | -2.8% |
| Amounts payable within one year | 42/48 | €32,096 | €31,207 | -€889 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €6,397 | - | -€6,397 | |
| Trade debts | 44 | €9,721 | €25,830 | +€16,110 | +166% |
| Suppliers | 440/4 | €9,721 | €25,830 | +€16,110 | +166% |
| Taxes, remuneration and social security | 45 | €10,418 | €376 | -€10,042 | -96.4% |
| Taxes | 450/3 | €8,318 | €376 | -€7,942 | -95.5% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €5,560 | €5,000 | -€560 | -10.1% |
| Remuneration, social security and pensions | 62 | - | €264 | +€264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,722 | €3,058 | -€7,663 | -71.5% |
| Other operating charges | 640/8 | €1,163 | €1,078 | -€85 | -7.3% |
| Gross operating margin | 9900 | €30,765 | €7,608 | -€23,157 | -75.3% |
| Operating profit (loss) | 9901 | €18,881 | €3,208 | -€15,673 | -83.0% |
| Financial income | 75/76B | €608 | €839 | +€232 | +38.1% |
| Recurring financial income | 75 | €608 | €839 | +€232 | +38.1% |
| Financial charges | 65/66B | €348 | €275 | -€73 | -20.9% |
| Recurring financial charges | 65 | €348 | €275 | -€73 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €19,140 | €3,772 | -€15,368 | -80.3% |
| Income taxes | 67/77 | €5,376 | €1,265 | -€4,112 | -76.5% |
| Profit (loss) for the period | 9904 | €13,764 | €2,508 | -€11,256 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,764 | €2,508 | -€11,256 | -81.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.