Abaco: what changed
What changed
Abaco
NACE 10.111, Manufacture of food products
filed annual accounts (NBB)
Net result for the year
€12,634
2024 · €47,136-€34,502
Equity
€559,702
2024 · €547,068+€12,634
Cash
€145,742
2024 · €119,202+€26,540
Balance sheet total
€1.2m
2024 · €1.2m-€41,621
Largest movements
Assets
- Tangible fixed assets -€38,810
down €38,810 (-25.5%), from €151,931 to €113,122
of which Leasing and similar rights: -€25,599
- Receivables within one year -€34,390
down €34,390 (-5.3%), from €654,870 to €620,480
of which Trade receivables: -€56,544
- Cash +€26,540
up €26,540 (+22.3%), from €119,202 to €145,742
mainly Depreciation (+€38,810) and Receivables within one year (+€34,390)
- Current investments +€20,071
up €20,071 (+15.4%), from €130,348 to €150,418
- Receivables after one year -€15,000
down €15,000 (-13.3%), from €112,500 to €97,500
Equity and liabilities
- Debts after one year -€35,269
down €35,269 (-35.7%), from €98,866 to €63,597
- Current portion of long-term debt -€16,259
down €16,259 (-11.9%), from €136,192 to €119,933
- Reserves +€12,634
up €12,634 (+25.1%), from €50,425 to €63,059
Income statement
- Staff costs +€90,758
up €90,758 (+10.7%), from €848,843 to €939,601
- Gross operating margin +€47,381
up €47,381 (+4.7%), from €999,884 to €1.0m
- Taxes -€11,078
down €11,078 (-78.6%), from €14,101 to €3,024
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.
Result 2024
€47,136
Gross operating margin
+€47,381
Staff costs
-€90,758
Depreciation
-€7,157
Other operating charges
+€6,007
Financial income
-€1,712
Financial charges
+€660
Taxes
+€11,078
Result 2025
€12,634
raises the resultlowers the result
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.
From operations
+€98,139
Investment
-€20,071
Financing
-€51,528
Cash 2024
€119,202
From operations (derived)
+€98,139
Net result for the year
+€12,634
Depreciation
+€38,810
Receivables after one year
+€15,000
Receivables within one year
+€34,390
Deferred charges and accrued income
+€32
Trade debts
-€9,401
Tax, wage and social debts
+€8,158
Other debts
-€168
Accrued charges and deferred income
-€1,316
Investment (derived)
-€20,071
Current investments
-€20,071
Financing
-€51,528
Debts after one year
-€35,269
Current portion of long-term debt
-€16,259
Cash 2025
€145,742
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,242,457 | €1,200,835 | -€41,621 | -3.3% |
| Fixed assets | 21/28 | €189,627 | €150,818 | -€38,810 | -20.5% |
| Tangible fixed assets | 22/27 | €151,931 | €113,122 | -€38,810 | -25.5% |
| Plant, machinery and equipment | 23 | €3,502 | €1,654 | -€1,848 | -52.8% |
| Furniture and vehicles | 24 | €37,728 | €26,365 | -€11,363 | -30.1% |
| Leasing and similar rights | 25 | €110,701 | €85,102 | -€25,599 | -23.1% |
| Financial fixed assets | 28 | €37,696 | €37,696 | = | 0.0% |
| Current assets | 29/58 | €1,052,830 | €1,050,018 | -€2,812 | -0.3% |
| Amounts receivable after more than one year | 29 | €112,500 | €97,500 | -€15,000 | -13.3% |
| Other amounts receivable | 291 | €112,500 | €97,500 | -€15,000 | -13.3% |
| Amounts receivable within one year | 40/41 | €654,870 | €620,480 | -€34,390 | -5.3% |
| Trade receivables | 40 | €602,526 | €545,982 | -€56,544 | -9.4% |
| Other amounts receivable | 41 | €52,344 | €74,498 | +€22,153 | +42.3% |
| Current investments | 50/53 | €130,348 | €150,418 | +€20,071 | +15.4% |
| Cash at bank and in hand | 54/58 | €119,202 | €145,742 | +€26,540 | +22.3% |
| Deferred charges and accrued income | 490/1 | €35,910 | €35,878 | -€32 | -0.1% |
| Total equity and liabilities | 10/49 | €1,242,457 | €1,200,835 | -€41,621 | -3.3% |
| Equity | 10/15 | €547,068 | €559,702 | +€12,634 | +2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €50,425 | €63,059 | +€12,634 | +25.1% |
| Distributable reserves | 133 | €50,425 | €63,059 | +€12,634 | +25.1% |
| Profit (loss) carried forward | 14 | €471,643 | €471,643 | = | 0.0% |
| Amounts payable | 17/49 | €695,389 | €641,134 | -€54,255 | -7.8% |
| Amounts payable after more than one year | 17 | €98,866 | €63,597 | -€35,269 | -35.7% |
| Financial debts | 170/4 | €98,866 | €63,597 | -€35,269 | -35.7% |
| Amounts payable within one year | 42/48 | €585,998 | €568,328 | -€17,670 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €136,192 | €119,933 | -€16,259 | -11.9% |
| Trade debts | 44 | €369,138 | €359,737 | -€9,401 | -2.5% |
| Suppliers | 440/4 | €369,138 | €359,737 | -€9,401 | -2.5% |
| Taxes, remuneration and social security | 45 | €78,916 | €87,074 | +€8,158 | +10.3% |
| Taxes | 450/3 | €3,772 | €0 | -€3,772 | -100% |
| Remuneration and social security | 454/9 | €75,144 | €87,074 | +€11,930 | +15.9% |
| Other amounts payable | 47/48 | €1,752 | €1,584 | -€168 | -9.6% |
| Accrued charges and deferred income | 492/3 | €10,525 | €9,209 | -€1,316 | -12.5% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €848,843 | €939,601 | +€90,758 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,652 | €38,810 | +€7,157 | +22.6% |
| Other operating charges | 640/8 | €56,016 | €50,009 | -€6,007 | -10.7% |
| Gross operating margin | 9900 | €999,884 | €1,047,265 | +€47,381 | +4.7% |
| Operating profit (loss) | 9901 | €63,373 | €18,845 | -€44,528 | -70.3% |
| Financial income | 75/76B | €6,163 | €4,451 | -€1,712 | -27.8% |
| Recurring financial income | 75 | €6,163 | €4,451 | -€1,712 | -27.8% |
| Financial charges | 65/66B | €8,299 | €7,639 | -€660 | -7.9% |
| Recurring financial charges | 65 | €8,299 | €7,639 | -€660 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €61,237 | €15,657 | -€45,580 | -74.4% |
| Income taxes | 67/77 | €14,101 | €3,024 | -€11,078 | -78.6% |
| Profit (loss) for the period | 9904 | €47,136 | €12,634 | -€34,502 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,136 | €12,634 | -€34,502 | -73.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.