ABELAG HOLDING: what changed
What changed
ABELAG HOLDING
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€5.8m
2023 · €723,716+€5.1m
Equity
€47.3m
2023 · €41.5m+€5.8m
Cash
€140,712
2023 · €58,611+€82,101
Balance sheet total
€60.4m
2023 · €53.7m+€6.6m
Largest movements
Assets
- Financial fixed assets +€21.7m
up €21.7m (+69.8%), from €31.1m to €52.8m
- Receivables within one year -€15.1m
down €15.1m (-67.0%), from €22.5m to €7.4m
of which Other amounts receivable: -€15.4m
Equity and liabilities
- Reserves +€5.8m
up €5.8m (+15.9%), from €36.5m to €42.3m
of which Distributable reserves: +€5.8m
Income statement
- Financial income +€5.1m
up €5.1m (+540%), from €944,928 to €6.0m
of which Non-recurring financial income: +€5.4m
- Services and other goods +€269,164
up €269,164 (+14.9%), from €1.8m to €2.1m
- Financial charges -€120,303
down €120,303 (-28.1%), from €427,788 to €307,485
- Taxes -€106,873
down €106,873 (-40.6%), from €263,454 to €156,581
- Goods and materials -€62,487
down €62,487 (-23.8%), from €262,189 to €199,702
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€723,716
Turnover
-€62,487
Goods and materials
+€62,487
Services and other goods
-€269,164
Depreciation
+€0
Other operating charges
+€132
Other operating items
+€2,420
Financial income
+€5.1m
Financial charges
+€120,303
Taxes
+€106,873
Result 2024
€5.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€21.4m
Investment
-€21.7m
Financing
+€390,269
Cash 2023
€58,611
From operations (derived)
+€21.4m
Net result for the year
+€5.8m
Depreciation
+€23,900
Receivables within one year
+€15.1m
Trade debts
+€272,831
Tax, wage and social debts
-€96,142
Other debts
+€291,840
Accrued charges and deferred income
+€756
Investment (derived)
-€21.7m
Investment in fixed assets (net)
-€21.7m
Financing
+€390,269
Short-term financial debts
+€390,269
Cash 2024
€140,712
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,740,541 | €60,387,489 | +€6.6m | +12.4% |
| Fixed assets | 21/28 | €31,138,588 | €52,806,546 | +€21.7m | +69.6% |
| Intangible fixed assets | 21 | €72,985 | €49,086 | -€23,900 | -32.7% |
| Financial fixed assets | 28 | €31,065,603 | €52,757,460 | +€21.7m | +69.8% |
| Affiliated companies | 280/1 | €31,065,603 | €52,757,460 | +€21.7m | +69.8% |
| Participating interests | 280 | €31,065,603 | €26,487,842 | -€4.6m | -14.7% |
| Amounts receivable | 281 | €0 | €26,269,618 | +€26.3m | |
| Current assets | 29/58 | €22,601,953 | €7,580,943 | -€15.0m | -66.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €22,543,342 | €7,440,231 | -€15.1m | -67.0% |
| Trade receivables | 40 | €599,618 | €859,198 | +€259,580 | +43.3% |
| Other amounts receivable | 41 | €21,943,723 | €6,581,032 | -€15.4m | -70.0% |
| Cash at bank and in hand | 54/58 | €58,611 | €140,712 | +€82,101 | +140% |
| Total equity and liabilities | 10/49 | €53,740,541 | €60,387,489 | +€6.6m | +12.4% |
| Equity | 10/15 | €41,470,940 | €47,258,333 | +€5.8m | +14.0% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €36,470,940 | €42,258,333 | +€5.8m | +15.9% |
| Non-distributable reserves | 130/1 | €500,000 | €500,000 | = | 0.0% |
| Legal reserve | 130 | €500,000 | €500,000 | = | 0.0% |
| Distributable reserves | 133 | €35,970,940 | €41,758,333 | +€5.8m | +16.1% |
| Amounts payable | 17/49 | €12,269,601 | €13,129,155 | +€859,554 | +7.0% |
| Amounts payable within one year | 42/48 | €12,268,227 | €13,127,026 | +€858,798 | +7.0% |
| Financial debts | 43 | €200,000 | €590,269 | +€390,269 | +195% |
| Credit institutions | 430/8 | €200,000 | €590,269 | +€390,269 | +195% |
| Trade debts | 44 | €268 | €273,099 | +€272,831 | +101,810% |
| Suppliers | 440/4 | €268 | €273,099 | +€272,831 | +101,810% |
| Taxes, remuneration and social security | 45 | €286,237 | €190,095 | -€96,142 | -33.6% |
| Taxes | 450/3 | €286,237 | €190,095 | -€96,142 | -33.6% |
| Other amounts payable | 47/48 | €11,781,723 | €12,073,563 | +€291,840 | +2.5% |
| Accrued charges and deferred income | 492/3 | €1,374 | €2,130 | +€756 | +55.0% |
| Operating income | 70/76A | €2,566,189 | €2,503,702 | -€62,487 | -2.4% |
| Turnover | 70 | €2,566,189 | €2,503,702 | -€62,487 | -2.4% |
| Operating charges | 60/66A | €2,096,159 | €2,300,284 | +€204,125 | +9.7% |
| Goods for resale, raw materials and consumables | 60 | €262,189 | €199,702 | -€62,487 | -23.8% |
| Purchases | 600/8 | €262,189 | €199,702 | -€62,487 | -23.8% |
| Services and other goods | 61 | €1,806,275 | €2,075,439 | +€269,164 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,900 | €23,900 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,375 | €1,244 | -€132 | -9.6% |
| Non-recurring operating charges | 66A | €2,420 | €0 | -€2,420 | -100% |
| Operating profit (loss) | 9901 | €470,030 | €203,417 | -€266,612 | -56.7% |
| Financial income | 75/76B | €944,928 | €6,048,041 | +€5.1m | +540% |
| Recurring financial income | 75 | €944,928 | €689,685 | -€255,242 | -27.0% |
| Income from financial fixed assets | 750 | €938,647 | €689,666 | -€248,981 | -26.5% |
| Other financial income | 752/9 | €6,280 | €19 | -€6,261 | -99.7% |
| Non-recurring financial income | 76B | - | €5,358,356 | +€5.4m | |
| Financial charges | 65/66B | €427,788 | €307,485 | -€120,303 | -28.1% |
| Recurring financial charges | 65 | €427,788 | €307,485 | -€120,303 | -28.1% |
| Debt charges | 650 | €420,952 | €300,639 | -€120,313 | -28.6% |
| Other financial charges | 652/9 | €6,836 | €6,846 | +€10 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €987,170 | €5,943,974 | +€5.0m | +502% |
| Income taxes | 67/77 | €263,454 | €156,581 | -€106,873 | -40.6% |
| Taxes | 670/3 | €263,454 | €156,581 | -€106,873 | -40.6% |
| Profit (loss) for the period | 9904 | €723,716 | €5,787,393 | +€5.1m | +700% |
| Profit (loss) for the period to be appropriated | 9905 | €723,716 | €5,787,393 | +€5.1m | +700% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.