ABC 02: 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
ABC 02
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€245,359
2024 · €68,006+€177,353
Equity
€173,365
2024 · €28,006+€145,359
Cash
€594,285
2024 · €1.2m-€621,144
Balance sheet total
€35.7m
2024 · €36.8m-€1.2m
Largest movements
Assets
- Receivables after one year -€628,500
down €628,500 (-1.8%), from €34.4m to €33.7m
- Cash -€621,144
down €621,144 (-51.1%), from €1.2m to €594,285
mainly Debts after one year (-€1.1m) and Trade debts (-€604,871)
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-3.1%), from €35.0m to €33.9m
- Trade debts -€604,871
down €604,871 (-62.5%), from €967,191 to €362,320
Income statement
- Turnover -€33.3m
down €33.3m (-94.7%), from €35.1m to €1.8m
- Goods and materials -€4.5m
down €4.5m (-94.0%), from €4.8m to €288,600
- Services and other goods -€789,333
down €789,333 (-83.0%), from €950,462 to €161,129
- Other operating income -€417,288
down €417,288 (-100%), from €417,288 to €0
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
€68,006
Turnover
-€33.3m
Other operating income
-€417,288
Goods and materials
+€4.5m
Services and other goods
+€789,333
Provisions
+€141,554
Other operating charges
-€13,403
Other operating items
+€28.7m
Financial income
-€311,090
Financial charges
+€85,379
Taxes
-€60,563
Result 2025
€245,359
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
+€482,206
Investment
€0
Financing
-€1.1m
Cash 2024
€1.2m
From operations (derived)
+€482,206
Net result for the year
+€245,359
Receivables after one year
+€628,500
Receivables within one year
-€61,832
Provisions
-€70,777
Trade debts
-€604,871
Tax, wage and social debts
+€42,866
Other debts
+€50,000
Accrued charges and deferred income
+€252,961
Financing
-€1.1m
Debts after one year
-€1.1m
Current portion of long-term debt
+€70,749
Contributions, distributions and other
-€100,000
Cash 2025
€594,285
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,845,339 | €35,657,527 | -€1.2m | -3.2% |
| Current assets | 29/58 | €36,845,339 | €35,657,527 | -€1.2m | -3.2% |
| Amounts receivable after more than one year | 29 | €34,352,963 | €33,724,463 | -€628,500 | -1.8% |
| Other amounts receivable | 291 | €34,352,963 | €33,724,463 | -€628,500 | -1.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,276,947 | €1,338,778 | +€61,832 | +4.8% |
| Trade receivables | 40 | €668,146 | €690,927 | +€22,781 | +3.4% |
| Other amounts receivable | 41 | €608,801 | €647,852 | +€39,051 | +6.4% |
| Cash at bank and in hand | 54/58 | €1,215,429 | €594,285 | -€621,144 | -51.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €36,845,339 | €35,657,527 | -€1.2m | -3.2% |
| Equity | 10/15 | €28,006 | €173,365 | +€145,359 | +519% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,006 | €163,365 | +€145,359 | +807% |
| Distributable reserves | 133 | €18,006 | €163,365 | +€145,359 | +807% |
| Provisions and deferred taxes | 16 | €70,777 | €0 | -€70,777 | -100% |
| Provisions for liabilities and charges | 160/5 | €70,777 | €0 | -€70,777 | -100% |
| Major repairs and maintenance | 162 | €70,777 | €0 | -€70,777 | -100% |
| Amounts payable | 17/49 | €36,746,556 | €35,484,162 | -€1.3m | -3.4% |
| Amounts payable after more than one year | 17 | €35,023,239 | €33,949,140 | -€1.1m | -3.1% |
| Financial debts | 170/4 | €35,023,239 | €33,949,140 | -€1.1m | -3.1% |
| Subordinated loans | 170 | €2,811,721 | €2,511,721 | -€300,000 | -10.7% |
| Credit institutions | 173 | €32,211,518 | €31,437,419 | -€774,099 | -2.4% |
| Amounts payable within one year | 42/48 | €1,723,317 | €1,282,061 | -€441,256 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €703,350 | €774,099 | +€70,749 | +10.1% |
| Trade debts | 44 | €967,191 | €362,320 | -€604,871 | -62.5% |
| Suppliers | 440/4 | €967,191 | €362,320 | -€604,871 | -62.5% |
| Taxes, remuneration and social security | 45 | €2,777 | €45,642 | +€42,866 | +1,544% |
| Taxes | 450/3 | €2,777 | €45,642 | +€42,866 | +1,544% |
| Other amounts payable | 47/48 | €50,000 | €100,000 | +€50,000 | +100% |
| Accrued charges and deferred income | 492/3 | - | €252,961 | +€252,961 | |
| Operating income | 70/76A | €7,066,404 | €2,085,563 | -€5.0m | -70.5% |
| Turnover | 70 | €35,121,137 | €1,849,067 | -€33.3m | -94.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€28,472,021 | €0 | +€28.5m | |
| Other operating income | 74 | €417,288 | €0 | -€417,288 | -100% |
| Non-recurring operating income | 76A | - | €236,495 | +€236,495 | |
| Operating charges | 60/66A | €5,863,362 | €418,893 | -€5.4m | -92.9% |
| Goods for resale, raw materials and consumables | 60 | €4,815,585 | €288,600 | -€4.5m | -94.0% |
| Purchases | 600/8 | €4,815,585 | €288,600 | -€4.5m | -94.0% |
| Services and other goods | 61 | €950,462 | €161,129 | -€789,333 | -83.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €70,777 | -€70,777 | -€141,554 | |
| Other operating charges | 640/8 | €26,538 | €39,941 | +€13,403 | +50.5% |
| Operating profit (loss) | 9901 | €1,203,042 | €1,666,669 | +€463,627 | +38.5% |
| Financial income | 75/76B | €684,309 | €373,220 | -€311,090 | -45.5% |
| Recurring financial income | 75 | €684,309 | €373,220 | -€311,090 | -45.5% |
| Other financial income | 752/9 | €684,309 | €373,220 | -€311,090 | -45.5% |
| Financial charges | 65/66B | €1,794,267 | €1,708,888 | -€85,379 | -4.8% |
| Recurring financial charges | 65 | €1,794,267 | €1,708,888 | -€85,379 | -4.8% |
| Debt charges | 650 | €1,402,373 | €1,339,245 | -€63,128 | -4.5% |
| Other financial charges | 652/9 | €391,894 | €369,643 | -€22,252 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €93,085 | €331,001 | +€237,916 | +256% |
| Income taxes | 67/77 | €25,079 | €85,642 | +€60,563 | +241% |
| Taxes | 670/3 | €25,079 | €85,642 | +€60,563 | +241% |
| Profit (loss) for the period | 9904 | €68,006 | €245,359 | +€177,353 | +261% |
| Profit (loss) for the period to be appropriated | 9905 | €68,006 | €245,359 | +€177,353 | +261% |
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 18 October 2026 via checked.be.