ABCO: what changed
Two fiscal 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.
ABCO
Largest movements
- Financial fixed assets -€1.6m
down €1.6m (-35.0%), from €4.6m to €3.0m
- Receivables within one year +€239,033
up €239,033 (+24.7%), from €967,373 to €1.2m
of which Other amounts receivable: +€184,172
- Stocks and contracts -€223,579
down €223,579 (-100.0%), from €223,579 to €0
- Tangible fixed assets -€95,407
down €95,407 (-82.7%), from €115,393 to €19,986
of which Plant, machinery and equipment: -€50,931
- Other debts -€1.2m
down €1.2m (-58.5%), from €2.1m to €864,698
- Profit (loss) carried forward +€618,318
new in 2024: €618,318
- Short-term financial debts -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Trade debts -€364,636
down €364,636 (-98.3%), from €371,095 to €6,459
- Debts after one year -€283,285
down €283,285 (-16.4%), from €1.7m to €1.4m
of which Financial debts: -€282,385
- Financial charges -€1.9m
down €1.9m (-99.2%), from €1.9m to €15,098
of which Non-recurring financial charges: -€1.9m
- Gross operating margin +€416,067
up €416,067 (+45.7%), from €910,005 to €1.3m
- Financial income +€69,781
up €69,781 (+14911.7%), from €468 to €70,249
- Other operating charges +€21,836
up €21,836 (+218.9%), from €9,977 to €31,812
- Depreciation +€18,992
up €18,992 (+251.4%), from €7,556 to €26,547
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,102,243 | €4,383,070 | -€1.7m | -28.2% |
| Fixed assets | 21/28 | €4,752,682 | €3,032,386 | -€1.7m | -36.2% |
| Tangible fixed assets | 22/27 | €115,393 | €19,986 | -€95,407 | -82.7% |
| Land and buildings | 22 | €59,655 | €15,179 | -€44,476 | -74.6% |
| Plant, machinery and equipment | 23 | €55,738 | €4,807 | -€50,931 | -91.4% |
| Financial fixed assets | 28 | €4,637,289 | €3,012,400 | -€1.6m | -35.0% |
| Current assets | 29/58 | €1,349,561 | €1,350,685 | +€1,124 | +0.1% |
| Amounts receivable after more than one year | 29 | - | €1,900 | +€1,900 | |
| Trade receivables | 290 | - | €1,900 | +€1,900 | |
| Stocks and contracts in progress | 3 | €223,579 | €0 | -€223,579 | -100.0% |
| Stocks | 30/36 | €223,579 | €0 | -€223,579 | -100.0% |
| Amounts receivable within one year | 40/41 | €967,373 | €1,206,406 | +€239,033 | +24.7% |
| Trade receivables | 40 | €18,026 | €72,886 | +€54,861 | +304.3% |
| Other amounts receivable | 41 | €949,348 | €1,133,520 | +€184,172 | +19.4% |
| Cash at bank and in hand | 54/58 | €35,137 | €19,503 | -€15,634 | -44.5% |
| Deferred charges and accrued income | 490/1 | €123,471 | €122,876 | -€596 | -0.5% |
| Total equity and liabilities | 10/49 | €6,102,243 | €4,383,070 | -€1.7m | -28.2% |
| Equity | 10/15 | €1,129,195 | €1,747,513 | +€618,318 | +54.8% |
| Contributions | 10/11 | €205,035 | €205,035 | = | 0.0% |
| Reserves | 13 | €924,161 | €924,161 | = | 0.0% |
| Tax-exempt reserves | 132 | €332,678 | €332,678 | = | 0.0% |
| Distributable reserves | 133 | €591,483 | €591,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €618,318 | +€618,318 | |
| Provisions and deferred taxes | 16 | €96,662 | €96,662 | = | 0.0% |
| Deferred taxes | 168 | €96,662 | €96,662 | = | 0.0% |
| Amounts payable | 17/49 | €4,876,385 | €2,538,895 | -€2.3m | -47.9% |
| Amounts payable after more than one year | 17 | €1,724,053 | €1,440,767 | -€283,285 | -16.4% |
| Financial debts | 170/4 | €1,705,943 | €1,423,557 | -€282,385 | -16.6% |
| Other amounts payable | 178/9 | €18,110 | €17,210 | -€900 | -5.0% |
| Amounts payable within one year | 42/48 | €3,128,036 | €1,098,128 | -€2.0m | -64.9% |
| Current portion of amounts payable after more than one year | 42 | €270,272 | €223,013 | -€47,259 | -17.5% |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100.0% |
| Credit institutions | 430/8 | €400,000 | €0 | -€400,000 | -100.0% |
| Trade debts | 44 | €371,095 | €6,459 | -€364,636 | -98.3% |
| Suppliers | 440/4 | €371,095 | €6,459 | -€364,636 | -98.3% |
| Taxes, remuneration and social security | 45 | €3,958 | €3,958 | = | 0.0% |
| Taxes | 450/3 | €3,958 | €3,958 | = | 0.0% |
| Other amounts payable | 47/48 | €2,082,711 | €864,698 | -€1.2m | -58.5% |
| Accrued charges and deferred income | 492/3 | €24,297 | €0 | -€24,297 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,556 | €26,547 | +€18,992 | +251.4% |
| Other operating charges | 640/8 | €9,977 | €31,812 | +€21,836 | +218.9% |
| Non-recurring operating charges | 66A | €15,300 | €4,545 | -€10,755 | -70.3% |
| Gross operating margin | 9900 | €910,005 | €1,326,072 | +€416,067 | +45.7% |
| Operating profit (loss) | 9901 | €877,173 | €1,263,168 | +€385,994 | +44.0% |
| Financial income | 75/76B | €468 | €70,249 | +€69,781 | +14911.7% |
| Recurring financial income | 75 | €468 | €70,249 | +€69,781 | +14911.7% |
| Financial charges | 65/66B | €1,904,932 | €15,098 | -€1.9m | -99.2% |
| Recurring financial charges | 65 | €41,549 | €15,098 | -€26,451 | -63.7% |
| Non-recurring financial charges | 66B | €1,863,382 | €0 | -€1.9m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,027,290 | €1,318,318 | +€2.3m | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,027,290 | €1,318,318 | +€2.3m | |
| Transfer from tax-exempt reserves | 789 | €13,468 | €0 | -€13,468 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,013,822 | €1,318,318 | +€2.3m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.