ABCD Invest: what changed
ABCD Invest
Largest movements
- Tangible fixed assets -€54,495
down €54,495 (-9.3%), from €586,974 to €532,479
of which Land and buildings: -€51,668
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€48,845
up €48,845 (+367%), from €13,299 to €62,143
mainly Depreciation (+€54,495) and Current investments (+€50,000)
- Debts after one year -€50,157
down €50,157 (-9.3%), from €538,615 to €488,459
- Advances received -€23,649
no longer reported in 2025 (was €23,649)
- Reserves +€14,560
up €14,560 (+49.5%), from €29,388 to €43,948
- Gross operating margin +€4,170
up €4,170 (+4.7%), from €87,946 to €92,116
- Taxes +€1,445
up €1,445 (+26.5%), from €5,462 to €6,907
- Depreciation +€1,296
up €1,296 (+2.4%), from €53,198 to €54,495
- Financial charges -€1,129
down €1,129 (-8.0%), from €14,073 to €12,944
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €650,986 | €594,631 | -€56,355 | -8.7% |
| Fixed assets | 21/28 | €586,974 | €532,479 | -€54,495 | -9.3% |
| Tangible fixed assets | 22/27 | €586,974 | €532,479 | -€54,495 | -9.3% |
| Land and buildings | 22 | €555,043 | €503,375 | -€51,668 | -9.3% |
| Plant, machinery and equipment | 23 | €31,931 | €29,104 | -€2,827 | -8.9% |
| Current assets | 29/58 | €64,012 | €62,152 | -€1,861 | -2.9% |
| Amounts receivable within one year | 40/41 | €713 | €8 | -€705 | -98.9% |
| Other amounts receivable | 41 | €713 | €8 | -€705 | -98.9% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €13,299 | €62,143 | +€48,845 | +367% |
| Total equity and liabilities | 10/49 | €650,986 | €594,631 | -€56,355 | -8.7% |
| Equity | 10/15 | €39,388 | €53,948 | +€14,560 | +37.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €29,388 | €43,948 | +€14,560 | +49.5% |
| Distributable reserves | 133 | €29,388 | €43,948 | +€14,560 | +49.5% |
| Amounts payable | 17/49 | €611,598 | €540,683 | -€70,915 | -11.6% |
| Amounts payable after more than one year | 17 | €538,615 | €488,459 | -€50,157 | -9.3% |
| Financial debts | 170/4 | €538,615 | €488,459 | -€50,157 | -9.3% |
| Amounts payable within one year | 42/48 | €72,983 | €52,224 | -€20,759 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €44,589 | €45,610 | +€1,021 | +2.3% |
| Financial debts | 43 | €4,445 | €4,547 | +€102 | +2.3% |
| Other loans | 439 | €4,445 | €4,547 | +€102 | +2.3% |
| Advances received on contracts in progress | 46 | €23,649 | - | -€23,649 | |
| Taxes, remuneration and social security | 45 | €300 | €2,068 | +€1,767 | +589% |
| Taxes | 450/3 | €300 | €2,068 | +€1,767 | +589% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,198 | €54,495 | +€1,296 | +2.4% |
| Other operating charges | 640/8 | €4,153 | €4,247 | +€93 | +2.3% |
| Gross operating margin | 9900 | €87,946 | €92,116 | +€4,170 | +4.7% |
| Operating profit (loss) | 9901 | €30,595 | €33,375 | +€2,780 | +9.1% |
| Financial income | 75/76B | €452 | €1,037 | +€586 | +130% |
| Recurring financial income | 75 | €452 | €1,037 | +€586 | +130% |
| Financial charges | 65/66B | €14,073 | €12,944 | -€1,129 | -8.0% |
| Recurring financial charges | 65 | €14,073 | €12,944 | -€1,129 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €16,974 | €21,468 | +€4,494 | +26.5% |
| Income taxes | 67/77 | €5,462 | €6,907 | +€1,445 | +26.5% |
| Profit (loss) for the period | 9904 | €11,512 | €14,560 | +€3,049 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,512 | €14,560 | +€3,049 | +26.5% |
Next steps
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 3 November 2026 via checked.be.