Abeelhof: 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.
Abeelhof
Largest movements
- Stocks and contracts +€347,463
up €347,463 (+102%), from €340,176 to €687,639
- Tangible fixed assets +€158,212
up €158,212 (+29.7%), from €532,554 to €690,765
of which Plant, machinery and equipment: +€96,935
- Cash -€62,394
down €62,394 (-58.9%), from €105,857 to €43,463
mainly Stocks and contracts (-€347,463) and Investment in fixed assets (net) (-€247,110)
- Trade debts +€496,283
up €496,283 (+299%), from €166,051 to €662,334
- Debts after one year -€75,155
down €75,155 (-28.1%), from €267,916 to €192,761
- Other debts +€33,330
up €33,330 (+39.9%), from €83,460 to €116,790
- Gross operating margin -€85,686
down €85,686 (-40.5%), from €211,442 to €125,755
- Depreciation +€3,813
up €3,813 (+4.5%), from €85,085 to €88,898
- Financial charges -€3,030
down €3,030 (-11.6%), from €26,144 to €23,114
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 | €1,069,256 | €1,519,387 | +€450,131 | +42.1% |
| Fixed assets | 21/28 | €532,704 | €690,915 | +€158,212 | +29.7% |
| Tangible fixed assets | 22/27 | €532,554 | €690,765 | +€158,212 | +29.7% |
| Land and buildings | 22 | €225,664 | €287,741 | +€62,077 | +27.5% |
| Plant, machinery and equipment | 23 | €305,807 | €402,742 | +€96,935 | +31.7% |
| Furniture and vehicles | 24 | €1,083 | €283 | -€800 | -73.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €536,552 | €828,472 | +€291,919 | +54.4% |
| Stocks and contracts in progress | 3 | €340,176 | €687,639 | +€347,463 | +102% |
| Stocks | 30/36 | €340,176 | €687,639 | +€347,463 | +102% |
| Amounts receivable within one year | 40/41 | €38,506 | €49,434 | +€10,927 | +28.4% |
| Trade receivables | 40 | €36,947 | €23,060 | -€13,886 | -37.6% |
| Other amounts receivable | 41 | €1,560 | €26,373 | +€24,814 | +1,591% |
| Current investments | 50/53 | €50,194 | €45,402 | -€4,792 | -9.5% |
| Cash at bank and in hand | 54/58 | €105,857 | €43,463 | -€62,394 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,819 | €2,534 | +€715 | +39.3% |
| Total equity and liabilities | 10/49 | €1,069,256 | €1,519,387 | +€450,131 | +42.1% |
| Equity | 10/15 | €367,235 | €378,798 | +€11,562 | +3.1% |
| Contributions | 10/11 | €183,600 | €183,600 | = | 0.0% |
| Reserves | 13 | €14,895 | €14,895 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,395 | €10,395 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,740 | €180,302 | +€11,562 | +6.9% |
| Amounts payable | 17/49 | €702,021 | €1,140,589 | +€438,569 | +62.5% |
| Amounts payable after more than one year | 17 | €267,916 | €192,761 | -€75,155 | -28.1% |
| Financial debts | 170/4 | €267,916 | €192,761 | -€75,155 | -28.1% |
| Amounts payable within one year | 42/48 | €434,105 | €947,828 | +€513,723 | +118% |
| Current portion of amounts payable after more than one year | 42 | €177,572 | €166,353 | -€11,219 | -6.3% |
| Trade debts | 44 | €166,051 | €662,334 | +€496,283 | +299% |
| Suppliers | 440/4 | €166,051 | €662,334 | +€496,283 | +299% |
| Taxes, remuneration and social security | 45 | €7,022 | €2,351 | -€4,671 | -66.5% |
| Taxes | 450/3 | €7,022 | €2,351 | -€4,671 | -66.5% |
| Other amounts payable | 47/48 | €83,460 | €116,790 | +€33,330 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,085 | €88,898 | +€3,813 | +4.5% |
| Other operating charges | 640/8 | €2,752 | €2,482 | -€270 | -9.8% |
| Gross operating margin | 9900 | €211,442 | €125,755 | -€85,686 | -40.5% |
| Operating profit (loss) | 9901 | €123,605 | €34,375 | -€89,229 | -72.2% |
| Financial income | 75/76B | €470 | €301 | -€169 | -35.9% |
| Recurring financial income | 75 | €470 | €301 | -€169 | -35.9% |
| Financial charges | 65/66B | €26,144 | €23,114 | -€3,030 | -11.6% |
| Recurring financial charges | 65 | €26,144 | €23,114 | -€3,030 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €97,931 | €11,562 | -€86,368 | -88.2% |
| Profit (loss) for the period | 9904 | €97,931 | €11,562 | -€86,368 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €97,931 | €11,562 | -€86,368 | -88.2% |
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.