ABAEX: 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.
ABAEX
Largest movements
- Receivables within one year +€5,739
up €5,739 (+122%), from €4,713 to €10,451
of which Trade receivables: +€6,218
- Cash -€2,191
down €2,191 (-71.7%), from €3,056 to €865
mainly Receivables within one year (-€5,739) and Investment in fixed assets (net) (-€772)
- Tangible fixed assets +€535
new in 2025: €535
- Tax, wage and social debts +€1,863
up €1,863 (+201%), from €926 to €2,789
- Profit (loss) carried forward +€1,560
up €1,560 (+58.2%), from €2,682 to €4,242
- Trade debts +€424
new in 2025: €424
- Other debts +€215
up €215 (+6.7%), from €3,239 to €3,454
- Financial charges +€1,990
up €1,990 (+255%), from €781 to €2,771
- Gross operating margin +€1,522
up €1,522 (+33.8%), from €4,500 to €6,021
- Depreciation +€237
new in 2025: €237
- Taxes +€210
up €210 (+22.7%), from €926 to €1,137
- Other operating charges +€208
up €208 (+189%), from €110 to €318
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 | €7,847 | €11,910 | +€4,063 | +51.8% |
| Fixed assets | 21/28 | - | €535 | +€535 | |
| Tangible fixed assets | 22/27 | - | €535 | +€535 | |
| Furniture and vehicles | 24 | - | €535 | +€535 | |
| Current assets | 29/58 | €7,847 | €11,375 | +€3,527 | +44.9% |
| Amounts receivable within one year | 40/41 | €4,713 | €10,451 | +€5,739 | +122% |
| Trade receivables | 40 | €4,233 | €10,451 | +€6,218 | +147% |
| Other amounts receivable | 41 | €480 | - | -€480 | |
| Cash at bank and in hand | 54/58 | €3,056 | €865 | -€2,191 | -71.7% |
| Deferred charges and accrued income | 490/1 | €79 | €58 | -€20 | -25.7% |
| Total equity and liabilities | 10/49 | €7,847 | €11,910 | +€4,063 | +51.8% |
| Equity | 10/15 | €3,682 | €5,242 | +€1,560 | +42.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,682 | €4,242 | +€1,560 | +58.2% |
| Amounts payable | 17/49 | €4,165 | €6,668 | +€2,502 | +60.1% |
| Amounts payable within one year | 42/48 | €4,165 | €6,668 | +€2,502 | +60.1% |
| Trade debts | 44 | - | €424 | +€424 | |
| Suppliers | 440/4 | - | €424 | +€424 | |
| Taxes, remuneration and social security | 45 | €926 | €2,789 | +€1,863 | +201% |
| Taxes | 450/3 | €926 | €2,789 | +€1,863 | +201% |
| Other amounts payable | 47/48 | €3,239 | €3,454 | +€215 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €237 | +€237 | |
| Other operating charges | 640/8 | €110 | €318 | +€208 | +189% |
| Gross operating margin | 9900 | €4,500 | €6,021 | +€1,522 | +33.8% |
| Operating profit (loss) | 9901 | €4,390 | €5,466 | +€1,076 | +24.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €781 | €2,771 | +€1,990 | +255% |
| Recurring financial charges | 65 | €781 | €2,771 | +€1,990 | +255% |
| Profit (loss) for the period before taxes | 9903 | €3,609 | €2,697 | -€912 | -25.3% |
| Income taxes | 67/77 | €926 | €1,137 | +€210 | +22.7% |
| Profit (loss) for the period | 9904 | €2,682 | €1,560 | -€1,122 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,682 | €1,560 | -€1,122 | -41.8% |
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 30 October 2026 via checked.be.