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AbeCon: 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.

What changed

AbeCon

BE 0644.788.296
NACE 74.201, Photography, excluding press photography
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,226
2024 · €2,704+€10,522
Equity
€108,522
2024 · €95,296+€13,226
Cash
€8,845
2024 · €2,807+€6,038
Balance sheet total
€215,975
2024 · €226,524-€10,549

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€26,154

    down €26,154 (-19.8%), from €132,377 to €106,223

    of which Furniture and vehicles: -€15,036

  • Receivables within one year +€8,055

    up €8,055 (+9.2%), from €87,923 to €95,978

    of which Other amounts receivable: +€14,322

  • Cash +€6,038

    up €6,038 (+215.1%), from €2,807 to €8,845

    mainly Depreciation (+€29,079) and Net result for the year (+€13,226)

Equity and liabilities
  • Reserves +€13,226

    up €13,226 (+14.8%), from €89,096 to €102,322

  • Debts after one year -€12,024

    down €12,024 (-13.6%), from €88,220 to €76,196

  • Tax, wage and social debts -€6,093

    down €6,093 (-32.3%), from €18,840 to €12,747

  • Trade debts -€5,863

    down €5,863 (-49.3%), from €11,894 to €6,031

Income statement
  • Other operating charges -€5,804

    down €5,804 (-86.7%), from €6,693 to €889

  • Gross operating margin +€4,169

    up €4,169 (+9.1%), from €45,776 to €49,945

  • Taxes -€1,242

    down €1,242 (-15.7%), from €7,920 to €6,678

  • Financial income +€969

    up €969 (+39.8%), from €2,438 to €3,408

  • Financial charges +€954

    up €954 (+37.8%), from €2,526 to €3,480

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €2,704
Gross operating margin +€4,169
Depreciation -€708
Other operating charges +€5,804
Financial income +€969
Financial charges -€954
Taxes +€1,242
Result 2025 €13,226

Cash bridge derived

cash 2024 to 2025

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.

From operations +€20,782
Investment -€2,925
Financing -€11,819
Cash 2024 €2,807
Net result for the year +€13,226
Depreciation +€29,079
Receivables within one year -€8,055
Deferred charges and accrued income -€1,512
Trade debts -€5,863
Tax, wage and social debts -€6,093
Investment in fixed assets (net) -€2,925
Debts after one year -€12,024
Current portion of long-term debt +€205
Cash 2025 €8,845
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €226,524 €215,975 -€10,549 -4.7%
Fixed assets 21/28 €132,377 €106,223 -€26,154 -19.8%
Tangible fixed assets 22/27 €132,377 €106,223 -€26,154 -19.8%
Land and buildings 22 €73,263 €69,407 -€3,856 -5.3%
Plant, machinery and equipment 23 €9,726 €5,027 -€4,699 -48.3%
Furniture and vehicles 24 €30,986 €15,950 -€15,036 -48.5%
Other tangible fixed assets 26 €18,402 €15,839 -€2,564 -13.9%
Current assets 29/58 €94,146 €109,752 +€15,605 +16.6%
Amounts receivable within one year 40/41 €87,923 €95,978 +€8,055 +9.2%
Trade receivables 40 €34,275 €28,008 -€6,267 -18.3%
Other amounts receivable 41 €53,648 €67,970 +€14,322 +26.7%
Cash at bank and in hand 54/58 €2,807 €8,845 +€6,038 +215.1%
Deferred charges and accrued income 490/1 €3,416 €4,928 +€1,512 +44.3%
Total equity and liabilities 10/49 €226,524 €215,975 -€10,549 -4.7%
Equity 10/15 €95,296 €108,522 +€13,226 +13.9%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €89,096 €102,322 +€13,226 +14.8%
Distributable reserves 133 €89,096 €102,322 +€13,226 +14.8%
Amounts payable 17/49 €131,227 €107,452 -€23,775 -18.1%
Amounts payable after more than one year 17 €88,220 €76,196 -€12,024 -13.6%
Financial debts 170/4 €88,220 €76,196 -€12,024 -13.6%
Amounts payable within one year 42/48 €42,554 €30,803 -€11,751 -27.6%
Current portion of amounts payable after more than one year 42 €11,819 €12,024 +€205 +1.7%
Trade debts 44 €11,894 €6,031 -€5,863 -49.3%
Suppliers 440/4 €11,894 €6,031 -€5,863 -49.3%
Taxes, remuneration and social security 45 €18,840 €12,747 -€6,093 -32.3%
Taxes 450/3 €18,840 €12,747 -€6,093 -32.3%
Accrued charges and deferred income 492/3 €454 €454 = 0.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €28,371 €29,079 +€708 +2.5%
Other operating charges 640/8 €6,693 €889 -€5,804 -86.7%
Gross operating margin 9900 €45,776 €49,945 +€4,169 +9.1%
Operating profit (loss) 9901 €10,711 €19,976 +€9,264 +86.5%
Financial income 75/76B €2,438 €3,408 +€969 +39.8%
Recurring financial income 75 €2,438 €3,408 +€969 +39.8%
Financial charges 65/66B €2,526 €3,480 +€954 +37.8%
Recurring financial charges 65 €2,526 €3,480 +€954 +37.8%
Profit (loss) for the period before taxes 9903 €10,624 €19,903 +€9,280 +87.3%
Income taxes 67/77 €7,920 €6,678 -€1,242 -15.7%
Profit (loss) for the period 9904 €2,704 €13,226 +€10,522 +389.1%
Profit (loss) for the period to be appropriated 9905 €2,704 €13,226 +€10,522 +389.1%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.