ABDR Invest: 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.
ABDR Invest
Largest movements
- Tangible fixed assets -€543,369
down €543,369 (-100%), from €543,369 to €0
- Receivables within one year +€185,124
up €185,124 (+4,947%), from €3,742 to €188,866
of which Other amounts receivable: +€188,866
- Cash +€34,453
up €34,453 (+862%), from €3,995 to €38,448
mainly Investment in fixed assets (net) (+€543,369) and Tax, wage and social debts (+€164,862)
- Debts after one year -€408,928
down €408,928 (-100%), from €408,928 to €0
of which Financial debts: -€405,928
- Tax, wage and social debts +€164,862
up €164,862 (+9,069%), from €1,818 to €166,680
- Other debts -€142,273
down €142,273 (-100%), from €142,273 to €0
- Reserves +€48,000
new in 2025: €48,000
- Profit (loss) carried forward +€31,708
up €31,708, from -€24,987 to €6,721
- Gross operating margin +€85,111
up €85,111 (+261%), from €32,594 to €117,705
- Depreciation -€21,096
down €21,096 (-100%), from €21,096 to €0
- Taxes +€19,680
new in 2025: €19,680
- Financial charges +€3,697
up €3,697 (+25.5%), from €14,484 to €18,180
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 | €551,106 | €227,314 | -€323,792 | -58.8% |
| Fixed assets | 21/28 | €543,369 | €0 | -€543,369 | -100% |
| Tangible fixed assets | 22/27 | €543,369 | €0 | -€543,369 | -100% |
| Land and buildings | 22 | €543,369 | €0 | -€543,369 | -100% |
| Current assets | 29/58 | €7,737 | €227,314 | +€219,577 | +2,838% |
| Amounts receivable within one year | 40/41 | €3,742 | €188,866 | +€185,124 | +4,947% |
| Trade receivables | 40 | €3,742 | €0 | -€3,742 | -100% |
| Other amounts receivable | 41 | - | €188,866 | +€188,866 | |
| Cash at bank and in hand | 54/58 | €3,995 | €38,448 | +€34,453 | +862% |
| Total equity and liabilities | 10/49 | €551,106 | €227,314 | -€323,792 | -58.8% |
| Equity | 10/15 | -€21,987 | €57,721 | +€79,708 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €48,000 | +€48,000 | |
| Distributable reserves | 133 | - | €48,000 | +€48,000 | |
| Profit (loss) carried forward | 14 | -€24,987 | €6,721 | +€31,708 | |
| Amounts payable | 17/49 | €573,094 | €169,593 | -€403,500 | -70.4% |
| Amounts payable after more than one year | 17 | €408,928 | €0 | -€408,928 | -100% |
| Financial debts | 170/4 | €405,928 | €0 | -€405,928 | -100% |
| Other amounts payable | 178/9 | €3,000 | €0 | -€3,000 | -100% |
| Amounts payable within one year | 42/48 | €164,166 | €169,593 | +€5,427 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €20,075 | €0 | -€20,075 | -100% |
| Trade debts | 44 | €0 | €2,913 | +€2,913 | |
| Suppliers | 440/4 | €0 | €2,913 | +€2,913 | |
| Taxes, remuneration and social security | 45 | €1,818 | €166,680 | +€164,862 | +9,069% |
| Taxes | 450/3 | €1,818 | €166,680 | +€164,862 | +9,069% |
| Other amounts payable | 47/48 | €142,273 | €0 | -€142,273 | -100% |
| Non-recurring operating income | 76A | - | €110,105 | +€110,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,096 | €0 | -€21,096 | -100% |
| Other operating charges | 640/8 | €308 | €136 | -€172 | -55.9% |
| Gross operating margin | 9900 | €32,594 | €117,705 | +€85,111 | +261% |
| Operating profit (loss) | 9901 | €11,189 | €117,569 | +€106,379 | +951% |
| Financial charges | 65/66B | €14,484 | €18,180 | +€3,697 | +25.5% |
| Recurring financial charges | 65 | €14,484 | €18,180 | +€3,697 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,294 | €99,389 | +€102,683 | |
| Income taxes | 67/77 | - | €19,680 | +€19,680 | |
| Profit (loss) for the period | 9904 | -€3,294 | €79,708 | +€83,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,294 | €79,708 | +€83,002 |
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 27 October 2026 via checked.be.