Abeele Projects: 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.
Abeele Projects
Largest movements
- Tangible fixed assets -€64,611
down €64,611 (-13.0%), from €497,432 to €432,821
- Stocks and contracts -€7,500
down €7,500 (-27.3%), from €27,500 to €20,000
of which Contracts in progress: -€10,000
- Receivables within one year -€6,737
down €6,737 (-8.0%), from €84,321 to €77,584
of which Trade receivables: -€9,307
- Debts after one year -€28,983
down €28,983 (-28.3%), from €102,446 to €73,463
- Reserves -€28,280
down €28,280 (-13.4%), from €210,361 to €182,081
of which Tax-exempt reserves: -€28,280
- Trade debts -€13,458
down €13,458 (-16.3%), from €82,581 to €69,123
- Current portion of long-term debt -€11,183
down €11,183 (-26.5%), from €42,133 to €30,950
- Profit (loss) carried forward +€10,358
up €10,358 (+6.8%), from €151,906 to €162,264
- Gross operating margin +€17,021
up €17,021 (+14.6%), from €116,959 to €133,980
- Other operating charges +€7,289
up €7,289 (+254.7%), from €2,862 to €10,151
- Staff costs +€5,526
up €5,526 (+9.0%), from €61,655 to €67,181
- Depreciation +€3,419
up €3,419 (+5.0%), from €68,923 to €72,342
- Taxes +€1,575
up €1,575 (+45.1%), from €3,491 to €5,066
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 | €638,922 | €564,132 | -€74,790 | -11.7% |
| Fixed assets | 21/28 | €497,432 | €432,821 | -€64,611 | -13.0% |
| Tangible fixed assets | 22/27 | €497,432 | €432,821 | -€64,611 | -13.0% |
| Land and buildings | 22 | €291,946 | €276,267 | -€15,679 | -5.4% |
| Plant, machinery and equipment | 23 | €129,400 | €102,048 | -€27,352 | -21.1% |
| Furniture and vehicles | 24 | €76,087 | €54,506 | -€21,581 | -28.4% |
| Current assets | 29/58 | €141,490 | €131,311 | -€10,179 | -7.2% |
| Stocks and contracts in progress | 3 | €27,500 | €20,000 | -€7,500 | -27.3% |
| Stocks | 30/36 | €17,500 | €20,000 | +€2,500 | +14.3% |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €84,321 | €77,584 | -€6,737 | -8.0% |
| Trade receivables | 40 | €43,872 | €34,565 | -€9,307 | -21.2% |
| Other amounts receivable | 41 | €40,449 | €43,019 | +€2,570 | +6.4% |
| Cash at bank and in hand | 54/58 | €27,348 | €30,560 | +€3,212 | +11.7% |
| Deferred charges and accrued income | 490/1 | €2,321 | €3,167 | +€846 | +36.5% |
| Total equity and liabilities | 10/49 | €638,922 | €564,132 | -€74,790 | -11.7% |
| Equity | 10/15 | €368,467 | €350,545 | -€17,922 | -4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €210,361 | €182,081 | -€28,280 | -13.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €178,157 | €149,876 | -€28,280 | -15.9% |
| Distributable reserves | 133 | €30,344 | €30,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,906 | €162,264 | +€10,358 | +6.8% |
| Provisions and deferred taxes | 16 | €40,698 | €33,646 | -€7,052 | -17.3% |
| Deferred taxes | 168 | €40,698 | €33,646 | -€7,052 | -17.3% |
| Amounts payable | 17/49 | €229,757 | €179,941 | -€49,816 | -21.7% |
| Amounts payable after more than one year | 17 | €102,446 | €73,463 | -€28,983 | -28.3% |
| Financial debts | 170/4 | €102,446 | €73,463 | -€28,983 | -28.3% |
| Amounts payable within one year | 42/48 | €127,311 | €106,477 | -€20,833 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €42,133 | €30,950 | -€11,183 | -26.5% |
| Trade debts | 44 | €82,581 | €69,123 | -€13,458 | -16.3% |
| Suppliers | 440/4 | €82,581 | €69,123 | -€13,458 | -16.3% |
| Taxes, remuneration and social security | 45 | €2,597 | €6,404 | +€3,807 | +146.6% |
| Taxes | 450/3 | €785 | €1,556 | +€772 | +98.4% |
| Remuneration and social security | 454/9 | €1,812 | €4,848 | +€3,035 | +167.5% |
| Remuneration, social security and pensions | 62 | €61,655 | €67,181 | +€5,526 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,923 | €72,342 | +€3,419 | +5.0% |
| Other operating charges | 640/8 | €2,862 | €10,151 | +€7,289 | +254.7% |
| Gross operating margin | 9900 | €116,959 | €133,980 | +€17,021 | +14.6% |
| Operating profit (loss) | 9901 | -€16,480 | -€15,694 | +€786 | +4.8% |
| Financial income | 75/76B | €934 | €25 | -€910 | -97.4% |
| Recurring financial income | 75 | €934 | €25 | -€910 | -97.4% |
| Financial charges | 65/66B | €3,854 | €4,239 | +€385 | +10.0% |
| Recurring financial charges | 65 | €3,854 | €4,239 | +€385 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,400 | -€19,908 | -€508 | -2.6% |
| Transfer from deferred taxes | 780 | €35,260 | €35,333 | +€72 | +0.2% |
| Income taxes | 67/77 | €3,491 | €5,066 | +€1,575 | +45.1% |
| Profit (loss) for the period | 9904 | €12,369 | €10,358 | -€2,011 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,369 | €10,358 | -€2,011 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.