ABBELOOS & GHYSBRECHT: 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.
ABBELOOS & GHYSBRECHT
Largest movements
- Receivables within one year -€197,440
down €197,440 (-71.4%), from €276,542 to €79,102
of which Other amounts receivable: -€162,221
- Cash -€53,654
down €53,654 (-29.7%), from €180,800 to €127,146
mainly Contributions, distributions and other (-€300,000) and Investment in fixed assets (net) (-€38,071)
- Tangible fixed assets +€18,719
up €18,719 (+26.7%), from €70,028 to €88,747
of which Furniture and vehicles: +€26,502
- Reserves -€281,777
down €281,777 (-64.5%), from €436,577 to €154,801
- Other debts +€49,237
up €49,237 (+193%), from €25,550 to €74,787
- Trade debts -€5,727
down €5,727 (-13.0%), from €43,955 to €38,228
- Write-downs +€19,621
no longer reported in 2025 (was -€19,621)
- Gross operating margin +€16,402
up €16,402 (+18.1%), from €90,502 to €106,904
- Depreciation +€9,359
up €9,359 (+93.6%), from €9,994 to €19,353
- Financial charges +€6,797
up €6,797 (+1,124%), from €605 to €7,402
of which Non-recurring financial charges: +€5,034
- Taxes -€6,391
down €6,391 (-43.0%), from €14,859 to €8,468
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 | €534,242 | €296,768 | -€237,474 | -44.5% |
| Fixed assets | 21/28 | €70,088 | €88,807 | +€18,719 | +26.7% |
| Tangible fixed assets | 22/27 | €70,028 | €88,747 | +€18,719 | +26.7% |
| Land and buildings | 22 | €28,416 | €23,917 | -€4,499 | -15.8% |
| Plant, machinery and equipment | 23 | €1,701 | €1,020 | -€680 | -40.0% |
| Furniture and vehicles | 24 | €25,633 | €52,135 | +€26,502 | +103% |
| Other tangible fixed assets | 26 | €14,278 | €11,674 | -€2,604 | -18.2% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €464,154 | €207,961 | -€256,192 | -55.2% |
| Amounts receivable within one year | 40/41 | €276,542 | €79,102 | -€197,440 | -71.4% |
| Trade receivables | 40 | €81,620 | €46,401 | -€35,219 | -43.1% |
| Other amounts receivable | 41 | €194,922 | €32,700 | -€162,221 | -83.2% |
| Cash at bank and in hand | 54/58 | €180,800 | €127,146 | -€53,654 | -29.7% |
| Deferred charges and accrued income | 490/1 | €6,812 | €1,714 | -€5,098 | -74.8% |
| Total equity and liabilities | 10/49 | €534,242 | €296,768 | -€237,474 | -44.5% |
| Equity | 10/15 | €455,177 | €173,401 | -€281,777 | -61.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €436,577 | €154,801 | -€281,777 | -64.5% |
| Distributable reserves | 133 | €436,577 | €154,801 | -€281,777 | -64.5% |
| Amounts payable | 17/49 | €79,064 | €123,367 | +€44,303 | +56.0% |
| Amounts payable within one year | 42/48 | €79,064 | €123,367 | +€44,303 | +56.0% |
| Trade debts | 44 | €43,955 | €38,228 | -€5,727 | -13.0% |
| Suppliers | 440/4 | €43,955 | €38,228 | -€5,727 | -13.0% |
| Advances received on contracts in progress | 46 | €2,773 | €2,773 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,787 | €7,579 | +€792 | +11.7% |
| Taxes | 450/3 | - | €434 | +€434 | |
| Remuneration and social security | 454/9 | €6,787 | €7,145 | +€359 | +5.3% |
| Other amounts payable | 47/48 | €25,550 | €74,787 | +€49,237 | +193% |
| Remuneration, social security and pensions | 62 | €51,955 | €53,682 | +€1,728 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,994 | €19,353 | +€9,359 | +93.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,621 | - | +€19,621 | |
| Other operating charges | 640/8 | €478 | €259 | -€219 | -45.8% |
| Gross operating margin | 9900 | €90,502 | €106,904 | +€16,402 | +18.1% |
| Operating profit (loss) | 9901 | €47,697 | €33,610 | -€14,087 | -29.5% |
| Financial income | 75/76B | €6,253 | €484 | -€5,770 | -92.3% |
| Recurring financial income | 75 | €6,253 | €484 | -€5,770 | -92.3% |
| Financial charges | 65/66B | €605 | €7,402 | +€6,797 | +1,124% |
| Recurring financial charges | 65 | €605 | €2,369 | +€1,764 | +292% |
| Non-recurring financial charges | 66B | - | €5,034 | +€5,034 | |
| Profit (loss) for the period before taxes | 9903 | €53,345 | €26,691 | -€26,654 | -50.0% |
| Income taxes | 67/77 | €14,859 | €8,468 | -€6,391 | -43.0% |
| Profit (loss) for the period | 9904 | €38,486 | €18,223 | -€20,263 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,486 | €18,223 | -€20,263 | -52.6% |
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 21 October 2026 via checked.be.