A.B.W.: 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.W.
Largest movements
- Receivables within one year +€103,039
up €103,039 (+452%), from €22,811 to €125,850
of which Other amounts receivable: +€74,297
- Profit (loss) carried forward +€85,818
up €85,818 (+4.3%), from €2.0m to €2.1m
- Staff costs +€57,672
up €57,672 (+61.6%), from €93,567 to €151,240
- Gross operating margin +€50,747
up €50,747 (+22.5%), from €226,017 to €276,764
- Financial charges -€12,374
down €12,374 (-74.4%), from €16,639 to €4,266
- Taxes -€6,594
down €6,594 (-19.1%), from €34,481 to €27,887
- Financial income -€6,540
down €6,540 (-31.5%), from €20,729 to €14,189
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 | €2,189,595 | €2,277,885 | +€88,290 | +4.0% |
| Fixed assets | 21/28 | €1,821,811 | €1,808,366 | -€13,445 | -0.7% |
| Tangible fixed assets | 22/27 | €327,153 | €313,708 | -€13,445 | -4.1% |
| Land and buildings | 22 | €327,153 | €313,708 | -€13,445 | -4.1% |
| Financial fixed assets | 28 | €1,494,658 | €1,494,658 | = | 0.0% |
| Current assets | 29/58 | €367,784 | €469,518 | +€101,735 | +27.7% |
| Amounts receivable within one year | 40/41 | €22,811 | €125,850 | +€103,039 | +452% |
| Trade receivables | 40 | €22,108 | €50,850 | +€28,742 | +130% |
| Other amounts receivable | 41 | €703 | €75,000 | +€74,297 | +10,573% |
| Current investments | 50/53 | €300,000 | €295,787 | -€4,213 | -1.4% |
| Cash at bank and in hand | 54/58 | €9,065 | €11,830 | +€2,765 | +30.5% |
| Deferred charges and accrued income | 490/1 | €35,908 | €36,052 | +€144 | +0.4% |
| Total equity and liabilities | 10/49 | €2,189,595 | €2,277,885 | +€88,290 | +4.0% |
| Equity | 10/15 | €2,153,925 | €2,239,743 | +€85,818 | +4.0% |
| Contributions | 10/11 | €119,020 | €119,020 | = | 0.0% |
| Reserves | 13 | €49,948 | €49,948 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,500 | - | -€44,500 | |
| Reserves not available under the articles | 1311 | €44,500 | - | -€44,500 | |
| Tax-exempt reserves | 132 | €2,104 | €2,104 | = | 0.0% |
| Distributable reserves | 133 | €3,344 | €47,844 | +€44,500 | +1,331% |
| Profit (loss) carried forward | 14 | €1,984,958 | €2,070,775 | +€85,818 | +4.3% |
| Amounts payable | 17/49 | €35,669 | €38,142 | +€2,473 | +6.9% |
| Amounts payable within one year | 42/48 | €35,669 | €38,142 | +€2,473 | +6.9% |
| Trade debts | 44 | €1,596 | €1,590 | -€6 | -0.4% |
| Suppliers | 440/4 | €1,596 | €1,590 | -€6 | -0.4% |
| Taxes, remuneration and social security | 45 | €34,073 | €36,552 | +€2,479 | +7.3% |
| Taxes | 450/3 | €21,635 | €17,871 | -€3,764 | -17.4% |
| Remuneration and social security | 454/9 | €12,438 | €18,681 | +€6,243 | +50.2% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Remuneration, social security and pensions | 62 | €93,567 | €151,240 | +€57,672 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,744 | €13,445 | +€700 | +5.5% |
| Other operating charges | 640/8 | €8,722 | €8,298 | -€424 | -4.9% |
| Gross operating margin | 9900 | €226,017 | €276,764 | +€50,747 | +22.5% |
| Operating profit (loss) | 9901 | €110,983 | €103,781 | -€7,201 | -6.5% |
| Financial income | 75/76B | €20,729 | €14,189 | -€6,540 | -31.5% |
| Recurring financial income | 75 | €20,729 | €14,189 | -€6,540 | -31.5% |
| Financial charges | 65/66B | €16,639 | €4,266 | -€12,374 | -74.4% |
| Recurring financial charges | 65 | €16,639 | €4,266 | -€12,374 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €115,072 | €113,705 | -€1,367 | -1.2% |
| Income taxes | 67/77 | €34,481 | €27,887 | -€6,594 | -19.1% |
| Profit (loss) for the period | 9904 | €80,591 | €85,818 | +€5,227 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,591 | €85,818 | +€5,227 | +6.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.