ABECO: 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.
ABECO
Largest movements
- Tangible fixed assets -€71,581
down €71,581 (-8.4%), from €847,506 to €775,925
of which Land and buildings: -€68,401
- Profit (loss) carried forward +€58,130
up €58,130 (+8.8%), from -€661,483 to -€603,354
- Debts after one year -€50,004
down €50,004 (-70.6%), from €70,779 to €20,775
- Trade debts -€32,893
down €32,893 (-84.3%), from €39,014 to €6,122
- Other debts -€32,202
down €32,202 (-3.3%), from €978,484 to €946,282
- Reserves -€11,376
down €11,376 (-2.8%), from €402,022 to €390,646
of which Tax-exempt reserves: -€11,376
- Financial charges -€7,391
down €7,391 (-23.2%), from €31,915 to €24,525
- Gross operating margin +€2,220
up €2,220 (+1.5%), from €149,774 to €151,994
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €965,419 | €889,424 | -€75,995 | -7.9% |
| Fixed assets | 21/28 | €855,006 | €782,175 | -€72,831 | -8.5% |
| Intangible fixed assets | 21 | €7,500 | €6,250 | -€1,250 | -16.7% |
| Tangible fixed assets | 22/27 | €847,506 | €775,925 | -€71,581 | -8.4% |
| Land and buildings | 22 | €818,528 | €750,127 | -€68,401 | -8.4% |
| Plant, machinery and equipment | 23 | €28,978 | €25,798 | -€3,180 | -11.0% |
| Current assets | 29/58 | €110,413 | €107,249 | -€3,164 | -2.9% |
| Amounts receivable within one year | 40/41 | €78,472 | €78,071 | -€400 | -0.5% |
| Trade receivables | 40 | €52,196 | €43,003 | -€9,193 | -17.6% |
| Other amounts receivable | 41 | €26,276 | €35,069 | +€8,793 | +33.5% |
| Cash at bank and in hand | 54/58 | €31,941 | €29,177 | -€2,763 | -8.7% |
| Total equity and liabilities | 10/49 | €965,419 | €889,424 | -€75,995 | -7.9% |
| Equity | 10/15 | -€197,461 | -€150,707 | +€46,754 | +23.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €402,022 | €390,646 | -€11,376 | -2.8% |
| Tax-exempt reserves | 132 | €64,035 | €52,659 | -€11,376 | -17.8% |
| Distributable reserves | 133 | €337,987 | €337,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€661,483 | -€603,354 | +€58,130 | +8.8% |
| Provisions and deferred taxes | 16 | €24,599 | €16,949 | -€7,650 | -31.1% |
| Deferred taxes | 168 | €24,599 | €16,949 | -€7,650 | -31.1% |
| Amounts payable | 17/49 | €1,138,281 | €1,023,183 | -€115,099 | -10.1% |
| Amounts payable after more than one year | 17 | €70,779 | €20,775 | -€50,004 | -70.6% |
| Financial debts | 170/4 | €70,779 | €20,775 | -€50,004 | -70.6% |
| Amounts payable within one year | 42/48 | €1,067,502 | €1,002,408 | -€65,095 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €50,004 | €50,004 | = | 0.0% |
| Trade debts | 44 | €39,014 | €6,122 | -€32,893 | -84.3% |
| Suppliers | 440/4 | €39,014 | €6,122 | -€32,893 | -84.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €978,484 | €946,282 | -€32,202 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,654 | €72,831 | +€177 | +0.2% |
| Other operating charges | 640/8 | €16,496 | €17,040 | +€544 | +3.3% |
| Gross operating margin | 9900 | €149,774 | €151,994 | +€2,220 | +1.5% |
| Operating profit (loss) | 9901 | €60,625 | €62,123 | +€1,498 | +2.5% |
| Financial income | 75/76B | €2,235 | €1,506 | -€729 | -32.6% |
| Recurring financial income | 75 | €2,235 | €1,506 | -€729 | -32.6% |
| Financial charges | 65/66B | €31,915 | €24,525 | -€7,391 | -23.2% |
| Recurring financial charges | 65 | €31,915 | €24,525 | -€7,391 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €30,944 | €39,104 | +€8,160 | +26.4% |
| Transfer from deferred taxes | 780 | €7,650 | €7,650 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €38,594 | €46,754 | +€8,160 | +21.1% |
| Transfer from tax-exempt reserves | 789 | €11,376 | €11,376 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,970 | €58,130 | +€8,160 | +16.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.