ABD: 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.
ABD
Largest movements
- Intangible fixed assets -€82,306
down €82,306 (-90.0%), from €91,488 to €9,181
- Receivables within one year +€44,130
up €44,130 (+17.8%), from €247,989 to €292,119
of which Trade receivables: +€39,276
- Cash +€23,769
up €23,769 (+48.6%), from €48,877 to €72,646
mainly Depreciation (+€136,167) and Tax, wage and social debts (+€21,675)
- Tangible fixed assets +€9,174
up €9,174 (+16.6%), from €55,414 to €64,588
of which Plant, machinery and equipment: +€18,404
- Receivables after one year -€9,133
down €9,133 (-49.6%), from €18,403 to €9,270
- Reserves -€53,495
down €53,495 (-73.1%), from €73,223 to €19,728
- Tax, wage and social debts +€21,675
up €21,675 (+97.1%), from €22,329 to €44,004
of which Taxes: +€19,056
- Trade debts +€14,183
up €14,183 (+6.2%), from €228,829 to €243,013
- Current portion of long-term debt -€5,242
no longer reported in 2025 (was €5,242)
- Staff costs +€36,273
up €36,273 (+19.5%), from €185,725 to €221,998
- Gross operating margin +€26,878
up €26,878 (+6.8%), from €397,932 to €424,809
- Depreciation +€18,517
up €18,517 (+15.7%), from €117,651 to €136,167
- Taxes -€7,064
down €7,064 (-46.9%), from €15,050 to €7,987
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.
Cash bridge derived
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 | €467,313 | €450,882 | -€16,431 | -3.5% |
| Fixed assets | 21/28 | €147,050 | €73,918 | -€73,132 | -49.7% |
| Intangible fixed assets | 21 | €91,488 | €9,181 | -€82,306 | -90.0% |
| Tangible fixed assets | 22/27 | €55,414 | €64,588 | +€9,174 | +16.6% |
| Plant, machinery and equipment | 23 | €23,444 | €41,848 | +€18,404 | +78.5% |
| Furniture and vehicles | 24 | €15,741 | €11,278 | -€4,463 | -28.4% |
| Other tangible fixed assets | 26 | €16,230 | €11,463 | -€4,767 | -29.4% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €320,263 | €376,963 | +€56,701 | +17.7% |
| Amounts receivable after more than one year | 29 | €18,403 | €9,270 | -€9,133 | -49.6% |
| Other amounts receivable | 291 | €18,403 | €9,270 | -€9,133 | -49.6% |
| Amounts receivable within one year | 40/41 | €247,989 | €292,119 | +€44,130 | +17.8% |
| Trade receivables | 40 | €236,197 | €275,473 | +€39,276 | +16.6% |
| Other amounts receivable | 41 | €11,791 | €16,646 | +€4,855 | +41.2% |
| Cash at bank and in hand | 54/58 | €48,877 | €72,646 | +€23,769 | +48.6% |
| Deferred charges and accrued income | 490/1 | €4,994 | €2,928 | -€2,066 | -41.4% |
| Total equity and liabilities | 10/49 | €467,313 | €450,882 | -€16,431 | -3.5% |
| Equity | 10/15 | €91,773 | €38,278 | -€53,495 | -58.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €73,223 | €19,728 | -€53,495 | -73.1% |
| Distributable reserves | 133 | €73,223 | €19,728 | -€53,495 | -73.1% |
| Amounts payable | 17/49 | €375,540 | €412,603 | +€37,063 | +9.9% |
| Amounts payable within one year | 42/48 | €375,540 | €410,389 | +€34,849 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,242 | - | -€5,242 | |
| Trade debts | 44 | €228,829 | €243,013 | +€14,183 | +6.2% |
| Suppliers | 440/4 | €228,829 | €243,013 | +€14,183 | +6.2% |
| Taxes, remuneration and social security | 45 | €22,329 | €44,004 | +€21,675 | +97.1% |
| Taxes | 450/3 | €1,071 | €20,128 | +€19,056 | +1779.2% |
| Remuneration and social security | 454/9 | €21,258 | €23,877 | +€2,618 | +12.3% |
| Other amounts payable | 47/48 | €119,139 | €123,372 | +€4,232 | +3.6% |
| Accrued charges and deferred income | 492/3 | - | €2,215 | +€2,215 | |
| Remuneration, social security and pensions | 62 | €185,725 | €221,998 | +€36,273 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,651 | €136,167 | +€18,517 | +15.7% |
| Other operating charges | 640/8 | €37,364 | €37,892 | +€528 | +1.4% |
| Gross operating margin | 9900 | €397,932 | €424,809 | +€26,878 | +6.8% |
| Operating profit (loss) | 9901 | €57,192 | €28,752 | -€28,440 | -49.7% |
| Financial income | 75/76B | €510 | €354 | -€156 | -30.6% |
| Recurring financial income | 75 | €510 | €354 | -€156 | -30.6% |
| Financial charges | 65/66B | €2,528 | €1,391 | -€1,138 | -45.0% |
| Recurring financial charges | 65 | €2,528 | €1,391 | -€1,138 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €55,174 | €27,715 | -€27,458 | -49.8% |
| Income taxes | 67/77 | €15,050 | €7,987 | -€7,064 | -46.9% |
| Profit (loss) for the period | 9904 | €40,123 | €19,728 | -€20,395 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,123 | €19,728 | -€20,395 | -50.8% |
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 12 October 2026 via checked.be.