CABALE: what changed
What changed
CABALE
filed annual accounts (NBB)
Net result for the year
€434,129
2024 · -€72,178+€506,308
Equity
€410,789
2024 · -€23,340+€434,129
Cash
€689,811
2024 · €507+€689,304
Balance sheet total
€690,874
2024 · €193,202+€497,672
Largest movements
Assets
- Cash +€689,304
up €689,304 (+135,909%), from €507 to €689,811
mainly Net result for the year (+€434,129) and Provisions (+€165,725)
- Tangible fixed assets -€184,678
down €184,678 (-99.9%), from €184,879 to €200
of which Land and buildings: -€128,954
- Receivables within one year -€7,773
down €7,773 (-99.8%), from €7,786 to €13
Equity and liabilities
- Reserves +€497,176
up €497,176 (+874%), from €56,859 to €554,035
of which Tax-exempt reserves: +€497,176
- Provisions +€165,725
new in 2025: €165,725
- Profit (loss) carried forward -€63,047
down €63,047 (-66.3%), from -€95,117 to -€158,163
- Other debts -€57,617
down €57,617 (-38.8%), from €148,476 to €90,859
- Trade debts -€18,572
down €18,572 (-88.3%), from €21,033 to €2,461
Income statement
- Gross operating margin +€669,289
up €669,289, from -€26,271 to €643,019
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.
Result 2024
-€72,178
Gross operating margin
+€669,289
Depreciation
+€4,155
Other operating charges
+€620
Other operating items
-€256
Financial income
+€1
Financial charges
-€2,089
Taxes
+€314
Deferred taxes and other
-€165,725
Result 2025
€434,129
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€564,066
Investment
+€152,355
Financing
-€27,117
Cash 2024
€507
From operations (derived)
+€564,066
Net result for the year
+€434,129
Depreciation
+€32,323
Receivables within one year
+€7,773
Smaller working-capital items
-€1,196
Provisions
+€165,725
Trade debts
-€18,572
Tax, wage and social debts
+€1,500
Other debts
-€57,617
Investment (derived)
+€152,355
Investment in fixed assets (net)
+€152,355
Financing
-€27,117
Debts after one year
-€9,555
Current portion of long-term debt
-€4,548
Short-term financial debts
-€13,014
Cash 2025
€689,811
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,202 | €690,874 | +€497,672 | +258% |
| Fixed assets | 21/28 | €184,879 | €200 | -€184,678 | -99.9% |
| Tangible fixed assets | 22/27 | €184,879 | €200 | -€184,678 | -99.9% |
| Land and buildings | 22 | €128,954 | - | -€128,954 | |
| Plant, machinery and equipment | 23 | €53,391 | - | -€53,391 | |
| Furniture and vehicles | 24 | €2,534 | €200 | -€2,334 | -92.1% |
| Current assets | 29/58 | €8,323 | €690,673 | +€682,350 | +8,198% |
| Amounts receivable within one year | 40/41 | €7,786 | €13 | -€7,773 | -99.8% |
| Trade receivables | 40 | €7,786 | €13 | -€7,773 | -99.8% |
| Cash at bank and in hand | 54/58 | €507 | €689,811 | +€689,304 | +135,909% |
| Deferred charges and accrued income | 490/1 | €30 | €849 | +€819 | +2,717% |
| Total equity and liabilities | 10/49 | €193,202 | €690,874 | +€497,672 | +258% |
| Equity | 10/15 | -€23,340 | €410,789 | +€434,129 | |
| Contributions | 10/11 | €14,917 | €14,917 | = | 0.0% |
| Reserves | 13 | €56,859 | €554,035 | +€497,176 | +874% |
| Tax-exempt reserves | 132 | - | €497,176 | +€497,176 | |
| Distributable reserves | 133 | €56,859 | €56,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,117 | -€158,163 | -€63,047 | -66.3% |
| Provisions and deferred taxes | 16 | - | €165,725 | +€165,725 | |
| Deferred taxes | 168 | - | €165,725 | +€165,725 | |
| Amounts payable | 17/49 | €216,542 | €114,359 | -€102,183 | -47.2% |
| Amounts payable after more than one year | 17 | €9,555 | - | -€9,555 | |
| Financial debts | 170/4 | €9,555 | - | -€9,555 | |
| Amounts payable within one year | 42/48 | €206,586 | €114,335 | -€92,251 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €4,548 | - | -€4,548 | |
| Financial debts | 43 | €32,061 | €19,047 | -€13,014 | -40.6% |
| Credit institutions | 430/8 | €32,061 | €19,047 | -€13,014 | -40.6% |
| Trade debts | 44 | €21,033 | €2,461 | -€18,572 | -88.3% |
| Suppliers | 440/4 | €21,033 | €2,461 | -€18,572 | -88.3% |
| Taxes, remuneration and social security | 45 | €468 | €1,968 | +€1,500 | +320% |
| Taxes | 450/3 | €468 | €1,968 | +€1,500 | +320% |
| Other amounts payable | 47/48 | €148,476 | €90,859 | -€57,617 | -38.8% |
| Accrued charges and deferred income | 492/3 | €401 | €24 | -€377 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,479 | €32,323 | -€4,155 | -11.4% |
| Other operating charges | 640/8 | €2,974 | €2,354 | -€620 | -20.8% |
| Non-recurring operating charges | 66A | - | €256 | +€256 | |
| Gross operating margin | 9900 | -€26,271 | €643,019 | +€669,289 | |
| Operating profit (loss) | 9901 | -€65,723 | €608,085 | +€673,808 | |
| Financial income | 75/76B | €5 | €6 | +€1 | +21.2% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +21.2% |
| Financial charges | 65/66B | €6,047 | €8,136 | +€2,089 | +34.6% |
| Recurring financial charges | 65 | €6,047 | €8,136 | +€2,089 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | -€71,765 | €599,955 | +€671,719 | |
| Transfer to deferred taxes | 680 | - | €165,725 | +€165,725 | |
| Income taxes | 67/77 | €414 | €100 | -€314 | -75.8% |
| Profit (loss) for the period | 9904 | -€72,178 | €434,129 | +€506,308 | |
| Transfer to tax-exempt reserves | 689 | - | €497,176 | +€497,176 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,178 | -€63,047 | +€9,132 | +12.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.