ABELAG HANDLING: 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.
What changed
ABELAG HANDLING
NACE 52.230, Warehousing and support activities for transportation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€7.4m
2023 · €510,818-€7.9m
Equity
-€1.9m
2023 · €5.5m-€7.4m
Cash
€370,976
2023 · €560,634-€189,659
Balance sheet total
€10.7m
2023 · €8.7m+€2.0m
Largest movements
Assets
- Financial fixed assets +€2.1m
up €2.1m (+4,598%), from €46,059 to €2.2m
of which Affiliated companies: +€2.1m
- Receivables within one year +€380,133
up €380,133 (+6.8%), from €5.6m to €6.0m
of which Trade receivables: +€263,926
- Tangible fixed assets -€338,210
down €338,210 (-15.7%), from €2.2m to €1.8m
of which Leasing and similar rights: -€228,315
- Cash -€189,659
down €189,659 (-33.8%), from €560,634 to €370,976
mainly Net result for the year (-€7.4m) and Investment in fixed assets (net) (-€2.2m)
Equity and liabilities
- Debts after one year +€8.6m
up €8.6m (+635%), from €1.3m to €9.9m
- Profit (loss) carried forward -€7.4m
new in 2024: -€7.4m
- Trade debts +€1.0m
up €1.0m (+110%), from €938,810 to €2.0m
- Tax, wage and social debts -€213,684
down €213,684 (-55.6%), from €383,994 to €170,310
of which Taxes: -€204,100
Income statement
- Financial charges +€7.7m
up €7.7m (+6,765%), from €113,184 to €7.8m
of which Non-recurring financial charges: +€7.2m
- Services and other goods +€774,333
up €774,333 (+27.7%), from €2.8m to €3.6m
- Goods and materials -€546,776
down €546,776 (-11.4%), from €4.8m to €4.3m
of which Purchases: -€564,764
- Taxes -€203,513
down €203,513 (-99.6%), from €204,290 to €777
- Turnover -€181,246
down €181,246 (-1.7%), from €10.8m to €10.6m
From the 2023 result to the 2024 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 2023
€510,818
Turnover
-€181,246
Other operating income
-€22,694
Goods and materials
+€546,776
Services and other goods
-€774,333
Staff costs
+€12,578
Depreciation
-€26,844
Write-downs
-€7,814
Other operating charges
+€10,900
Other operating items
-€7,732
Financial income
-€1,379
Financial charges
-€7.7m
Taxes
+€203,513
Result 2024
-€7.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€6.5m
Investment
-€2.2m
Financing
+€8.5m
Cash 2023
€560,634
From operations (derived)
-€6.5m
Net result for the year
-€7.4m
Depreciation
+€445,961
Smaller working-capital items
+€16,393
Receivables within one year
-€380,133
Trade debts
+€1.0m
Tax, wage and social debts
-€213,684
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
+€8.5m
Debts after one year
+€8.6m
Current portion of long-term debt
-€11,078
Short-term financial debts
-€5,551
Cash 2024
€370,976
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,705,805 | €10,666,580 | +€2.0m | +22.5% |
| Fixed assets | 21/28 | €2,199,326 | €3,982,065 | +€1.8m | +81.1% |
| Intangible fixed assets | 21 | €817 | €3,949 | +€3,131 | +383% |
| Tangible fixed assets | 22/27 | €2,152,449 | €1,814,239 | -€338,210 | -15.7% |
| Land and buildings | 22 | €674,519 | €619,885 | -€54,634 | -8.1% |
| Plant, machinery and equipment | 23 | €303,989 | €247,219 | -€56,770 | -18.7% |
| Furniture and vehicles | 24 | €8,313 | €9,822 | +€1,509 | +18.1% |
| Leasing and similar rights | 25 | €1,025,493 | €797,178 | -€228,315 | -22.3% |
| Other tangible fixed assets | 26 | €140,135 | €140,135 | = | 0.0% |
| Financial fixed assets | 28 | €46,059 | €2,163,877 | +€2.1m | +4,598% |
| Affiliated companies | 280/1 | - | €2,063,000 | +€2.1m | |
| Participating interests | 280 | - | €1,563,000 | +€1.6m | |
| Amounts receivable | 281 | - | €500,000 | +€500,000 | |
| Other financial fixed assets | 284/8 | €46,059 | €100,877 | +€54,818 | +119% |
| Amounts receivable and cash guarantees | 285/8 | €46,059 | €100,877 | +€54,818 | +119% |
| Current assets | 29/58 | €6,506,479 | €6,684,515 | +€178,036 | +2.7% |
| Stocks and contracts in progress | 3 | €36,420 | €32,214 | -€4,206 | -11.5% |
| Stocks | 30/36 | €36,420 | €32,214 | -€4,206 | -11.5% |
| Goods purchased for resale | 34 | €36,420 | €32,214 | -€4,206 | -11.5% |
| Amounts receivable within one year | 40/41 | €5,627,877 | €6,008,010 | +€380,133 | +6.8% |
| Trade receivables | 40 | €5,491,400 | €5,755,326 | +€263,926 | +4.8% |
| Other amounts receivable | 41 | €136,477 | €252,684 | +€116,207 | +85.1% |
| Cash at bank and in hand | 54/58 | €560,634 | €370,976 | -€189,659 | -33.8% |
| Deferred charges and accrued income | 490/1 | €281,547 | €273,315 | -€8,232 | -2.9% |
| Total equity and liabilities | 10/49 | €8,705,805 | €10,666,580 | +€2.0m | +22.5% |
| Equity | 10/15 | €5,542,292 | -€1,852,062 | -€7.4m | |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €5,092,292 | €5,092,292 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €5,047,292 | €5,047,292 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,394,354 | -€7.4m | |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,113,513 | €12,468,642 | +€9.4m | +300% |
| Amounts payable after more than one year | 17 | €1,347,437 | €9,899,369 | +€8.6m | +635% |
| Financial debts | 170/4 | €1,347,437 | €9,899,369 | +€8.6m | +635% |
| Leasing and similar obligations | 172 | €1,191,187 | €956,545 | -€234,643 | -19.7% |
| Credit institutions | 173 | €156,250 | €0 | -€156,250 | -100% |
| Other loans | 174 | - | €8,942,825 | +€8.9m | |
| Amounts payable within one year | 42/48 | €1,574,077 | €2,373,319 | +€799,242 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €245,721 | €234,643 | -€11,078 | -4.5% |
| Financial debts | 43 | €5,551 | €0 | -€5,551 | -100% |
| Credit institutions | 430/8 | €5,551 | €0 | -€5,551 | -100% |
| Trade debts | 44 | €938,810 | €1,968,366 | +€1.0m | +110% |
| Suppliers | 440/4 | €938,810 | €1,968,366 | +€1.0m | +110% |
| Taxes, remuneration and social security | 45 | €383,994 | €170,310 | -€213,684 | -55.6% |
| Taxes | 450/3 | €204,525 | €425 | -€204,100 | -99.8% |
| Remuneration and social security | 454/9 | €179,469 | €169,885 | -€9,584 | -5.3% |
| Accrued charges and deferred income | 492/3 | €191,999 | €195,954 | +€3,955 | +2.1% |
| Operating income | 70/76A | €10,858,146 | €10,646,474 | -€211,672 | -1.9% |
| Turnover | 70 | €10,803,441 | €10,622,195 | -€181,246 | -1.7% |
| Other operating income | 74 | €46,973 | €24,280 | -€22,694 | -48.3% |
| Non-recurring operating income | 76A | €7,732 | €0 | -€7,732 | -100% |
| Operating charges | 60/66A | €10,033,640 | €10,272,376 | +€238,737 | +2.4% |
| Goods for resale, raw materials and consumables | 60 | €4,811,102 | €4,264,326 | -€546,776 | -11.4% |
| Purchases | 600/8 | €4,824,884 | €4,260,120 | -€564,764 | -11.7% |
| Change in stocks: decrease (increase) | 609 | -€13,782 | €4,206 | +€17,988 | |
| Services and other goods | 61 | €2,797,189 | €3,571,522 | +€774,333 | +27.7% |
| Remuneration, social security and pensions | 62 | €1,929,373 | €1,916,795 | -€12,578 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419,118 | €445,961 | +€26,844 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €857 | €8,671 | +€7,814 | +912% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €76,001 | €65,101 | -€10,900 | -14.3% |
| Operating profit (loss) | 9901 | €824,506 | €374,098 | -€450,408 | -54.6% |
| Financial income | 75/76B | €3,786 | €2,407 | -€1,379 | -36.4% |
| Recurring financial income | 75 | €3,786 | €2,407 | -€1,379 | -36.4% |
| Income from current assets | 751 | - | €105 | +€105 | |
| Other financial income | 752/9 | €3,786 | €2,302 | -€1,484 | -39.2% |
| Financial charges | 65/66B | €113,184 | €7,770,082 | +€7.7m | +6,765% |
| Recurring financial charges | 65 | €113,184 | €550,082 | +€436,897 | +386% |
| Debt charges | 650 | €67,003 | €380,390 | +€313,387 | +468% |
| Other financial charges | 652/9 | €46,181 | €169,691 | +€123,510 | +267% |
| Non-recurring financial charges | 66B | - | €7,220,000 | +€7.2m | |
| Profit (loss) for the period before taxes | 9903 | €715,108 | -€7,393,577 | -€8.1m | |
| Income taxes | 67/77 | €204,290 | €777 | -€203,513 | -99.6% |
| Taxes | 670/3 | €204,290 | €777 | -€203,513 | -99.6% |
| Profit (loss) for the period | 9904 | €510,818 | -€7,394,354 | -€7.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €510,818 | -€7,394,354 | -€7.9m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.