ABAC SYSTEMS: 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.
What changed
ABAC SYSTEMS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€85,187
2024 · -€20,629-€64,559
Equity
€541,853
2024 · €627,040-€85,187
Cash
€13,645
2024 · €22,770-€9,125
Balance sheet total
€857,781
2024 · €962,615-€104,835
Largest movements
Assets
- Tangible fixed assets -€90,654
down €90,654 (-9.7%), from €932,187 to €841,534
of which Assets under construction and advance payments: -€52,100
Equity and liabilities
- Profit (loss) carried forward -€85,187
down €85,187, from €26,287 to -€58,901
- Debts after one year -€56,811
down €56,811 (-24.7%), from €230,339 to €173,528
of which Financial debts: -€53,511
- Trade debts +€26,589
up €26,589 (+104%), from €25,654 to €52,242
- Current portion of long-term debt +€10,618
up €10,618 (+20.1%), from €52,893 to €63,511
Income statement
- Gross operating margin -€16,505
down €16,505 (-28.3%), from €58,303 to €41,797
- Write-downs +€6,310
up €6,310 (+1,225%), from €515 to €6,825
- Depreciation -€2,026
down €2,026 (-4.2%), from €48,483 to €46,457
- Financial charges -€1,689
down €1,689 (-10.7%), from €15,782 to €14,094
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.
Result 2024
-€20,629
Gross operating margin
-€16,505
Depreciation
+€2,026
Write-downs
-€6,310
Other operating charges
+€387
Other operating items
-€45,844
Financial income
-€0
Financial charges
+€1,689
Result 2025
-€85,187
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€7,128
Investment
+€44,196
Financing
-€46,193
Cash 2024
€22,770
From operations (derived)
-€7,128
Net result for the year
-€85,187
Depreciation
+€46,457
Receivables after one year
-€2,602
Receivables within one year
+€6,818
Deferred charges and accrued income
+€840
Trade debts
+€26,589
Tax, wage and social debts
-€681
Accrued charges and deferred income
+€638
Investment (derived)
+€44,196
Investment in fixed assets (net)
+€44,196
Financing
-€46,193
Debts after one year
-€56,811
Current portion of long-term debt
+€10,618
Cash 2025
€13,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €962,615 | €857,781 | -€104,835 | -10.9% |
| Fixed assets | 21/28 | €932,187 | €841,534 | -€90,654 | -9.7% |
| Tangible fixed assets | 22/27 | €932,187 | €841,534 | -€90,654 | -9.7% |
| Land and buildings | 22 | €877,232 | €837,963 | -€39,269 | -4.5% |
| Plant, machinery and equipment | 23 | €2,613 | €3,571 | +€958 | +36.7% |
| Furniture and vehicles | 24 | €242 | - | -€242 | |
| Assets under construction and advance payments | 27 | €52,100 | - | -€52,100 | |
| Current assets | 29/58 | €30,428 | €16,247 | -€14,181 | -46.6% |
| Amounts receivable after more than one year | 29 | - | €2,602 | +€2,602 | |
| Trade receivables | 290 | - | €1,731 | +€1,731 | |
| Other amounts receivable | 291 | - | €870 | +€870 | |
| Amounts receivable within one year | 40/41 | €6,818 | - | -€6,818 | |
| Trade receivables | 40 | €818 | - | -€818 | |
| Other amounts receivable | 41 | €6,000 | - | -€6,000 | |
| Cash at bank and in hand | 54/58 | €22,770 | €13,645 | -€9,125 | -40.1% |
| Deferred charges and accrued income | 490/1 | €840 | - | -€840 | |
| Total equity and liabilities | 10/49 | €962,615 | €857,781 | -€104,835 | -10.9% |
| Equity | 10/15 | €627,040 | €541,853 | -€85,187 | -13.6% |
| Contributions | 10/11 | €581,150 | €581,150 | = | 0.0% |
| Capital | 10 | €581,150 | €581,150 | = | 0.0% |
| Issued capital | 100 | €581,150 | €581,150 | = | 0.0% |
| Reserves | 13 | €19,603 | €19,603 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,598 | €19,598 | = | 0.0% |
| Legal reserve | 130 | €16,804 | €16,804 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,794 | €2,794 | = | 0.0% |
| Distributable reserves | 133 | €5 | €5 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,287 | -€58,901 | -€85,187 | |
| Amounts payable | 17/49 | €335,575 | €315,928 | -€19,648 | -5.9% |
| Amounts payable after more than one year | 17 | €230,339 | €173,528 | -€56,811 | -24.7% |
| Financial debts | 170/4 | €227,039 | €173,528 | -€53,511 | -23.6% |
| Other amounts payable | 178/9 | €3,300 | - | -€3,300 | |
| Amounts payable within one year | 42/48 | €100,275 | €136,801 | +€36,526 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €52,893 | €63,511 | +€10,618 | +20.1% |
| Trade debts | 44 | €25,654 | €52,242 | +€26,589 | +104% |
| Suppliers | 440/4 | €25,654 | €52,242 | +€26,589 | +104% |
| Taxes, remuneration and social security | 45 | €1,012 | €331 | -€681 | -67.3% |
| Taxes | 450/3 | €1,012 | €331 | -€681 | -67.3% |
| Other amounts payable | 47/48 | €20,716 | €20,716 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,961 | €5,599 | +€638 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,483 | €46,457 | -€2,026 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €515 | €6,825 | +€6,310 | +1,225% |
| Other operating charges | 640/8 | €14,151 | €13,764 | -€387 | -2.7% |
| Non-recurring operating charges | 66A | - | €45,844 | +€45,844 | |
| Gross operating margin | 9900 | €58,303 | €41,797 | -€16,505 | -28.3% |
| Operating profit (loss) | 9901 | -€4,847 | -€71,094 | -€66,247 | -1,367% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15,782 | €14,094 | -€1,689 | -10.7% |
| Recurring financial charges | 65 | €15,782 | €14,094 | -€1,689 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,629 | -€85,187 | -€64,559 | -313% |
| Profit (loss) for the period | 9904 | -€20,629 | -€85,187 | -€64,559 | -313% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,629 | -€85,187 | -€64,559 | -313% |
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 14 October 2026 via checked.be.