KABEKA: what changed
KABEKA
Largest movements
- Cash -€23,176
down €23,176 (-57.1%), from €40,607 to €17,431
mainly Debts after one year (-€296,637) and Contributions, distributions and other (-€100,000)
- Receivables within one year -€19,633
down €19,633 (-28.0%), from €70,093 to €50,459
of which Other amounts receivable: -€29,633
- Deferred charges and accrued income -€19,445
down €19,445 (-97.2%), from €20,000 to €555
- Tangible fixed assets -€17,963
down €17,963 (-28.7%), from €62,608 to €44,645
- Debts after one year -€296,637
down €296,637 (-54.7%), from €542,076 to €245,438
- Other debts +€258,219
up €258,219 (+263%), from €98,206 to €356,426
- Reserves -€42,730
down €42,730 (-8.5%), from €502,721 to €459,992
- Financial income -€109,504
down €109,504 (-99.8%), from €109,709 to €205
- Gross operating margin -€5,888
down €5,888 (-4.9%), from €120,463 to €114,575
- Financial charges -€3,060
down €3,060 (-16.7%), from €18,373 to €15,313
- Taxes -€2,321
down €2,321 (-9.4%), from €24,747 to €22,426
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 | €1,243,308 | €1,163,091 | -€80,217 | -6.5% |
| Fixed assets | 21/28 | €1,112,608 | €1,094,645 | -€17,963 | -1.6% |
| Tangible fixed assets | 22/27 | €62,608 | €44,645 | -€17,963 | -28.7% |
| Furniture and vehicles | 24 | €62,608 | €44,645 | -€17,963 | -28.7% |
| Financial fixed assets | 28 | €1,050,000 | €1,050,000 | = | 0.0% |
| Current assets | 29/58 | €130,700 | €68,446 | -€62,254 | -47.6% |
| Amounts receivable within one year | 40/41 | €70,093 | €50,459 | -€19,633 | -28.0% |
| Trade receivables | 40 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Other amounts receivable | 41 | €30,093 | €459 | -€29,633 | -98.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €40,607 | €17,431 | -€23,176 | -57.1% |
| Deferred charges and accrued income | 490/1 | €20,000 | €555 | -€19,445 | -97.2% |
| Total equity and liabilities | 10/49 | €1,243,308 | €1,163,091 | -€80,217 | -6.5% |
| Equity | 10/15 | €521,321 | €478,592 | -€42,730 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €502,721 | €459,992 | -€42,730 | -8.5% |
| Distributable reserves | 133 | €502,721 | €459,992 | -€42,730 | -8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €721,986 | €684,499 | -€37,487 | -5.2% |
| Amounts payable after more than one year | 17 | €542,076 | €245,438 | -€296,637 | -54.7% |
| Financial debts | 170/4 | €542,076 | €245,438 | -€296,637 | -54.7% |
| Amounts payable within one year | 42/48 | €178,375 | €436,828 | +€258,453 | +145% |
| Current portion of amounts payable after more than one year | 42 | €75,043 | €74,137 | -€906 | -1.2% |
| Trade debts | 44 | €440 | €1,215 | +€775 | +176% |
| Suppliers | 440/4 | €440 | €1,215 | +€775 | +176% |
| Taxes, remuneration and social security | 45 | €4,685 | €5,050 | +€365 | +7.8% |
| Taxes | 450/3 | €4,685 | €5,050 | +€365 | +7.8% |
| Other amounts payable | 47/48 | €98,206 | €356,426 | +€258,219 | +263% |
| Accrued charges and deferred income | 492/3 | €1,536 | €2,233 | +€697 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,925 | €17,963 | -€962 | -5.1% |
| Other operating charges | 640/8 | €1,739 | €1,807 | +€68 | +3.9% |
| Gross operating margin | 9900 | €120,463 | €114,575 | -€5,888 | -4.9% |
| Operating profit (loss) | 9901 | €99,799 | €94,805 | -€4,994 | -5.0% |
| Financial income | 75/76B | €109,709 | €205 | -€109,504 | -99.8% |
| Recurring financial income | 75 | €109,709 | €205 | -€109,504 | -99.8% |
| Financial charges | 65/66B | €18,373 | €15,313 | -€3,060 | -16.7% |
| Recurring financial charges | 65 | €18,373 | €15,313 | -€3,060 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €191,135 | €79,697 | -€111,438 | -58.3% |
| Income taxes | 67/77 | €24,747 | €22,426 | -€2,321 | -9.4% |
| Profit (loss) for the period | 9904 | €166,388 | €57,270 | -€109,117 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €166,388 | €57,270 | -€109,117 | -65.6% |
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 5 November 2026 via checked.be.