A.B.S.H.: 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.
A.B.S.H.
Largest movements
- Tangible fixed assets -€131,467
down €131,467 (-5.7%), from €2.3m to €2.2m
of which Land and buildings: -€131,184
- Cash +€36,171
up €36,171 (+46.0%), from €78,605 to €114,777
mainly Depreciation (+€135,717) and Net result for the year (+€50,667)
- Debts after one year -€145,800
down €145,800 (-23.5%), from €620,877 to €475,077
of which Financial debts: -€145,800
- Profit (loss) carried forward +€85,966
up €85,966, from -€49,337 to €36,629
- Other debts +€48,653
up €48,653 (+24.0%), from €202,467 to €251,120
- Reserves -€35,299
down €35,299 (-4.0%), from €893,083 to €857,784
of which Tax-exempt reserves: -€35,299
- Trade debts -€33,504
down €33,504 (-98.3%), from €34,077 to €572
- Gross operating margin +€54,999
up €54,999 (+35.5%), from €155,039 to €210,039
- Financial charges -€6,511
down €6,511 (-25.5%), from €25,512 to €19,001
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.
Derived cash bridge
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 | €2,392,466 | €2,301,109 | -€91,357 | -3.8% |
| Fixed assets | 21/28 | €2,312,398 | €2,180,931 | -€131,467 | -5.7% |
| Tangible fixed assets | 22/27 | €2,312,398 | €2,180,931 | -€131,467 | -5.7% |
| Land and buildings | 22 | €2,311,005 | €2,179,821 | -€131,184 | -5.7% |
| Plant, machinery and equipment | 23 | €1,392 | €1,109 | -€283 | -20.3% |
| Current assets | 29/58 | €80,068 | €120,178 | +€40,110 | +50.1% |
| Cash at bank and in hand | 54/58 | €78,605 | €114,777 | +€36,171 | +46.0% |
| Deferred charges and accrued income | 490/1 | €1,463 | €5,402 | +€3,938 | +269% |
| Total equity and liabilities | 10/49 | €2,392,466 | €2,301,109 | -€91,357 | -3.8% |
| Equity | 10/15 | €1,197,746 | €1,248,413 | +€50,667 | +4.2% |
| Contributions | 10/11 | €354,000 | €354,000 | = | 0.0% |
| Capital | 10 | €354,000 | €354,000 | = | 0.0% |
| Issued capital | 100 | €354,000 | €354,000 | = | 0.0% |
| Reserves | 13 | €893,083 | €857,784 | -€35,299 | -4.0% |
| Non-distributable reserves | 130/1 | €35,400 | €35,400 | = | 0.0% |
| Legal reserve | 130 | €35,400 | €35,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €857,683 | €822,384 | -€35,299 | -4.1% |
| Profit (loss) carried forward | 14 | -€49,337 | €36,629 | +€85,966 | |
| Provisions and deferred taxes | 16 | €285,894 | €274,128 | -€11,766 | -4.1% |
| Deferred taxes | 168 | €285,894 | €274,128 | -€11,766 | -4.1% |
| Amounts payable | 17/49 | €908,826 | €778,567 | -€130,258 | -14.3% |
| Amounts payable after more than one year | 17 | €620,877 | €475,077 | -€145,800 | -23.5% |
| Financial debts | 170/4 | €619,202 | €473,402 | -€145,800 | -23.5% |
| Other amounts payable | 178/9 | €1,675 | €1,675 | = | 0.0% |
| Amounts payable within one year | 42/48 | €275,755 | €289,664 | +€13,908 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €33,986 | €34,541 | +€555 | +1.6% |
| Trade debts | 44 | €34,077 | €572 | -€33,504 | -98.3% |
| Suppliers | 440/4 | €34,077 | €572 | -€33,504 | -98.3% |
| Taxes, remuneration and social security | 45 | €5,226 | €3,431 | -€1,795 | -34.4% |
| Taxes | 450/3 | €5,226 | €3,431 | -€1,795 | -34.4% |
| Other amounts payable | 47/48 | €202,467 | €251,120 | +€48,653 | +24.0% |
| Accrued charges and deferred income | 492/3 | €12,194 | €13,827 | +€1,633 | +13.4% |
| Non-recurring operating income | 76A | - | €33,004 | +€33,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,261 | €135,717 | +€456 | +0.3% |
| Other operating charges | 640/8 | €16,772 | €16,448 | -€325 | -1.9% |
| Gross operating margin | 9900 | €155,039 | €210,039 | +€54,999 | +35.5% |
| Operating profit (loss) | 9901 | €3,006 | €57,874 | +€54,868 | +1,825% |
| Financial income | 75/76B | €0 | €28 | +€28 | |
| Recurring financial income | 75 | €0 | €28 | +€28 | |
| Financial charges | 65/66B | €25,512 | €19,001 | -€6,511 | -25.5% |
| Recurring financial charges | 65 | €25,512 | €19,001 | -€6,511 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,506 | €38,901 | +€61,407 | |
| Transfer from deferred taxes | 780 | €11,766 | €11,766 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,739 | €50,667 | +€61,407 | |
| Transfer from tax-exempt reserves | 789 | €35,299 | €35,299 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,560 | €85,966 | +€61,407 | +250% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.