A.B.D.: what changed
Two fiscal 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.
A.B.D.
Largest movements
- Financial fixed assets -€32,290
down €32,290 (-20.2%), from €160,000 to €127,710
- Receivables within one year +€14,117
up €14,117 (+87.5%), from €16,133 to €30,250
- Cash -€3,647
down €3,647 (-37.7%), from €9,677 to €6,031
mainly Net result for the year (-€23,670) and Receivables within one year (-€14,117)
- Profit (loss) carried forward -€23,670
down €23,670 (-25.1%), from €94,450 to €70,781
- Trade debts +€2,736
up €2,736 (+2132.4%), from €128 to €2,864
- Other debts -€2,000
down €2,000 (-19.2%), from €10,436 to €8,436
- Financial charges +€31,332
up €31,332 (+2679.4%), from €1,169 to €32,501
of which Non-recurring financial charges: +€31,526
- Gross operating margin +€4,247
up €4,247 (+48.2%), from €8,803 to €13,050
- Taxes +€1,036
up €1,036 (+38.1%), from €2,720 to €3,756
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 | €187,204 | €165,059 | -€22,145 | -11.8% |
| Fixed assets | 21/28 | €160,536 | €127,905 | -€32,632 | -20.3% |
| Tangible fixed assets | 22/27 | €536 | €195 | -€342 | -63.7% |
| Plant, machinery and equipment | 23 | €536 | €195 | -€342 | -63.7% |
| Financial fixed assets | 28 | €160,000 | €127,710 | -€32,290 | -20.2% |
| Current assets | 29/58 | €26,668 | €37,155 | +€10,487 | +39.3% |
| Amounts receivable within one year | 40/41 | €16,133 | €30,250 | +€14,117 | +87.5% |
| Trade receivables | 40 | €16,133 | €30,250 | +€14,117 | +87.5% |
| Cash at bank and in hand | 54/58 | €9,677 | €6,031 | -€3,647 | -37.7% |
| Deferred charges and accrued income | 490/1 | €857 | €874 | +€17 | +2.0% |
| Total equity and liabilities | 10/49 | €187,204 | €165,059 | -€22,145 | -11.8% |
| Equity | 10/15 | €167,740 | €144,070 | -€23,670 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,689 | €54,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €52,830 | €52,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,450 | €70,781 | -€23,670 | -25.1% |
| Amounts payable | 17/49 | €19,464 | €20,989 | +€1,525 | +7.8% |
| Amounts payable within one year | 42/48 | €19,464 | €20,989 | +€1,525 | +7.8% |
| Trade debts | 44 | €128 | €2,864 | +€2,736 | +2132.4% |
| Suppliers | 440/4 | €128 | €2,864 | +€2,736 | +2132.4% |
| Taxes, remuneration and social security | 45 | €8,900 | €9,689 | +€789 | +8.9% |
| Taxes | 450/3 | €8,900 | €9,689 | +€789 | +8.9% |
| Other amounts payable | 47/48 | €10,436 | €8,436 | -€2,000 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €342 | -€0 | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €8,803 | €13,050 | +€4,247 | +48.2% |
| Operating profit (loss) | 9901 | €8,343 | €12,588 | +€4,245 | +50.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.7% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.7% |
| Financial charges | 65/66B | €1,169 | €32,501 | +€31,332 | +2679.4% |
| Recurring financial charges | 65 | €405 | €211 | -€194 | -47.9% |
| Non-recurring financial charges | 66B | €764 | €32,290 | +€31,526 | +4125.7% |
| Profit (loss) for the period before taxes | 9903 | €7,175 | -€19,914 | -€27,089 | |
| Income taxes | 67/77 | €2,720 | €3,756 | +€1,036 | +38.1% |
| Profit (loss) for the period | 9904 | €4,455 | -€23,670 | -€28,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,455 | -€23,670 | -€28,125 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.