ABECA: 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.
ABECA
Largest movements
- Cash -€82,001
down €82,001 (-84.0%), from €97,574 to €15,574
mainly Other debts (-€60,776) and Current portion of long-term debt (-€46,740)
- Receivables within one year -€65,992
down €65,992 (-84.6%), from €78,002 to €12,009
of which Other amounts receivable: -€46,818
- Tangible fixed assets -€37,800
down €37,800 (-6.9%), from €550,290 to €512,490
- Other debts -€60,776
down €60,776 (-62.7%), from €96,904 to €36,128
- Current portion of long-term debt -€46,740
down €46,740 (-51.3%), from €91,151 to €44,411
- Reserves -€35,402
down €35,402 (-11.5%), from €308,835 to €273,433
of which Distributable reserves: -€35,402
- Debts after one year -€25,416
down €25,416 (-56.6%), from €44,939 to €19,523
- Tax, wage and social debts -€17,015
down €17,015 (-48.4%), from €35,177 to €18,161
- Gross operating margin -€75,520
down €75,520 (-48.5%), from €155,691 to €80,171
- Taxes -€27,781
down €27,781 (-89.9%), from €30,888 to €3,107
- Depreciation +€8,781
up €8,781 (+15.6%), from €56,126 to €64,907
- Financial charges -€2,860
down €2,860 (-37.1%), from €7,701 to €4,841
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 | €765,226 | €578,418 | -€186,808 | -24.4% |
| Fixed assets | 21/28 | €550,425 | €512,625 | -€37,800 | -6.9% |
| Tangible fixed assets | 22/27 | €550,290 | €512,490 | -€37,800 | -6.9% |
| Land and buildings | 22 | €433,984 | €421,528 | -€12,456 | -2.9% |
| Plant, machinery and equipment | 23 | €23,660 | €10,759 | -€12,901 | -54.5% |
| Furniture and vehicles | 24 | €92,646 | €80,203 | -€12,443 | -13.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €214,801 | €65,793 | -€149,009 | -69.4% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,002 | €12,009 | -€65,992 | -84.6% |
| Trade receivables | 40 | €26,792 | €7,617 | -€19,175 | -71.6% |
| Other amounts receivable | 41 | €51,210 | €4,393 | -€46,818 | -91.4% |
| Cash at bank and in hand | 54/58 | €97,574 | €15,574 | -€82,001 | -84.0% |
| Deferred charges and accrued income | 490/1 | €9,225 | €8,210 | -€1,016 | -11.0% |
| Total equity and liabilities | 10/49 | €765,226 | €578,418 | -€186,808 | -24.4% |
| Equity | 10/15 | €491,335 | €455,933 | -€35,402 | -7.2% |
| Contributions | 10/11 | €182,500 | €182,500 | = | 0.0% |
| Reserves | 13 | €308,835 | €273,433 | -€35,402 | -11.5% |
| Non-distributable reserves | 130/1 | €18,250 | €18,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,250 | €18,250 | = | 0.0% |
| Distributable reserves | 133 | €290,585 | €255,183 | -€35,402 | -12.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €273,892 | €122,485 | -€151,406 | -55.3% |
| Amounts payable after more than one year | 17 | €44,939 | €19,523 | -€25,416 | -56.6% |
| Financial debts | 170/4 | €44,939 | €19,523 | -€25,416 | -56.6% |
| Amounts payable within one year | 42/48 | €228,853 | €98,701 | -€130,152 | -56.9% |
| Current portion of amounts payable after more than one year | 42 | €91,151 | €44,411 | -€46,740 | -51.3% |
| Trade debts | 44 | €5,621 | - | -€5,621 | |
| Suppliers | 440/4 | €5,621 | - | -€5,621 | |
| Taxes, remuneration and social security | 45 | €35,177 | €18,161 | -€17,015 | -48.4% |
| Taxes | 450/3 | €35,177 | €18,161 | -€17,015 | -48.4% |
| Other amounts payable | 47/48 | €96,904 | €36,128 | -€60,776 | -62.7% |
| Accrued charges and deferred income | 492/3 | €100 | €4,262 | +€4,162 | +4,173% |
| Non-recurring operating income | 76A | - | €23,967 | +€23,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,126 | €64,907 | +€8,781 | +15.6% |
| Other operating charges | 640/8 | €4,489 | €5,131 | +€642 | +14.3% |
| Gross operating margin | 9900 | €155,691 | €80,171 | -€75,520 | -48.5% |
| Operating profit (loss) | 9901 | €95,075 | €10,133 | -€84,943 | -89.3% |
| Financial income | 75/76B | €3,340 | €2,914 | -€427 | -12.8% |
| Recurring financial income | 75 | €3,340 | €2,914 | -€427 | -12.8% |
| Financial charges | 65/66B | €7,701 | €4,841 | -€2,860 | -37.1% |
| Recurring financial charges | 65 | €7,701 | €4,841 | -€2,860 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €90,715 | €8,205 | -€82,509 | -91.0% |
| Income taxes | 67/77 | €30,888 | €3,107 | -€27,781 | -89.9% |
| Profit (loss) for the period | 9904 | €59,826 | €5,098 | -€54,729 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,826 | €5,098 | -€54,729 | -91.5% |
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 28 October 2026 via checked.be.