Abel Invest: 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.
Abel Invest
Largest movements
- Tangible fixed assets -€36,545
down €36,545 (-19.4%), from €188,031 to €151,485
of which Land and buildings: -€32,666
- Receivables within one year +€6,881
up €6,881 (+17.4%), from €39,467 to €46,348
of which Trade receivables: +€6,793
- Cash +€5,417
up €5,417 (+80.2%), from €6,756 to €12,173
mainly Depreciation (+€36,545) and Current investments (+€1,398)
- Provisions -€10,596
down €10,596 (-16.9%), from €62,693 to €52,097
- Debts after one year -€8,066
down €8,066 (-4.7%), from €170,552 to €162,485
- Trade debts -€3,094
down €3,094 (-68.5%), from €4,516 to €1,423
- Tax, wage and social debts -€2,984
down €2,984 (-35.6%), from €8,378 to €5,394
of which Taxes: -€3,163
- Gross operating margin +€12,160
up €12,160 (+25.6%), from €47,456 to €59,615
- Depreciation -€7,734
down €7,734 (-17.5%), from €44,280 to €36,545
- Taxes +€5,251
up €5,251 (+51.9%), from €10,111 to €15,362
- Financial income -€1,482
down €1,482 (-76.5%), from €1,936 to €454
- Other operating charges +€1,228
up €1,228 (+184%), from €666 to €1,894
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 | €255,310 | €229,711 | -€25,599 | -10.0% |
| Fixed assets | 21/28 | €188,031 | €151,485 | -€36,545 | -19.4% |
| Tangible fixed assets | 22/27 | €188,031 | €151,485 | -€36,545 | -19.4% |
| Land and buildings | 22 | €179,646 | €146,980 | -€32,666 | -18.2% |
| Plant, machinery and equipment | 23 | €5,881 | €4,505 | -€1,376 | -23.4% |
| Furniture and vehicles | 24 | €2,503 | €0 | -€2,503 | -100% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €67,279 | €78,226 | +€10,947 | +16.3% |
| Amounts receivable within one year | 40/41 | €39,467 | €46,348 | +€6,881 | +17.4% |
| Trade receivables | 40 | €39,403 | €46,196 | +€6,793 | +17.2% |
| Other amounts receivable | 41 | €64 | €152 | +€88 | +137% |
| Current investments | 50/53 | €20,288 | €18,890 | -€1,398 | -6.9% |
| Cash at bank and in hand | 54/58 | €6,756 | €12,173 | +€5,417 | +80.2% |
| Deferred charges and accrued income | 490/1 | €767 | €814 | +€47 | +6.1% |
| Total equity and liabilities | 10/49 | €255,310 | €229,711 | -€25,599 | -10.0% |
| Equity | 10/15 | €1 | €36 | +€35 | +4,069% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€999 | -€964 | +€35 | +3.5% |
| Provisions and deferred taxes | 16 | €62,693 | €52,097 | -€10,596 | -16.9% |
| Provisions for liabilities and charges | 160/5 | €62,693 | €52,097 | -€10,596 | -16.9% |
| Other liabilities and charges | 164/5 | €62,693 | €52,097 | -€10,596 | -16.9% |
| Amounts payable | 17/49 | €192,616 | €177,578 | -€15,038 | -7.8% |
| Amounts payable after more than one year | 17 | €170,552 | €162,485 | -€8,066 | -4.7% |
| Financial debts | 170/4 | €170,552 | €162,485 | -€8,066 | -4.7% |
| Amounts payable within one year | 42/48 | €21,854 | €14,883 | -€6,971 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €7,964 | €8,066 | +€102 | +1.3% |
| Trade debts | 44 | €4,516 | €1,423 | -€3,094 | -68.5% |
| Suppliers | 440/4 | €4,516 | €1,423 | -€3,094 | -68.5% |
| Taxes, remuneration and social security | 45 | €8,378 | €5,394 | -€2,984 | -35.6% |
| Taxes | 450/3 | €8,378 | €5,215 | -€3,163 | -37.8% |
| Remuneration and social security | 454/9 | €0 | €179 | +€179 | |
| Other amounts payable | 47/48 | €996 | €0 | -€996 | -100% |
| Accrued charges and deferred income | 492/3 | €210 | €210 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,280 | €36,545 | -€7,734 | -17.5% |
| Other operating charges | 640/8 | €666 | €1,894 | +€1,228 | +184% |
| Gross operating margin | 9900 | €47,456 | €59,615 | +€12,160 | +25.6% |
| Operating profit (loss) | 9901 | €2,510 | €21,176 | +€18,666 | +744% |
| Financial income | 75/76B | €1,936 | €454 | -€1,482 | -76.5% |
| Recurring financial income | 75 | €1,936 | €454 | -€1,482 | -76.5% |
| Financial charges | 65/66B | €7,388 | €6,233 | -€1,154 | -15.6% |
| Recurring financial charges | 65 | €7,388 | €6,233 | -€1,154 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,941 | €15,397 | +€18,338 | |
| Income taxes | 67/77 | €10,111 | €15,362 | +€5,251 | +51.9% |
| Profit (loss) for the period | 9904 | -€13,052 | €35 | +€13,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,052 | €35 | +€13,087 |
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 26 October 2026 via checked.be.