ABELAPHAR: 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.
ABELAPHAR
Largest movements
- Tangible fixed assets -€8,014
down €8,014 (-24.5%), from €32,729 to €24,716
of which Plant, machinery and equipment: -€7,042
- Deferred charges and accrued income +€2,051
up €2,051 (+34.8%), from €5,888 to €7,939
- Trade debts -€7,877
down €7,877 (-18.2%), from €43,260 to €35,383
- Debts after one year +€7,826
up €7,826 (+26.2%), from €29,865 to €37,691
- Current portion of long-term debt +€2,730
up €2,730 (+9.6%), from €28,354 to €31,083
- Other debts -€2,100
down €2,100 (-20.8%), from €10,119 to €8,019
- Short-term financial debts -€1,881
down €1,881 (-8.8%), from €21,431 to €19,550
- Gross operating margin -€6,471
down €6,471 (-18.8%), from €34,333 to €27,862
- Taxes -€1,912
down €1,912 (-58.4%), from €3,273 to €1,361
- Other operating charges -€590
down €590 (-45.4%), from €1,298 to €708
- Depreciation +€358
up €358 (+4.0%), from €8,840 to €9,198
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,959 | €178,162 | -€2,797 | -1.5% |
| Fixed assets | 21/28 | €32,729 | €24,716 | -€8,014 | -24.5% |
| Tangible fixed assets | 22/27 | €32,729 | €24,716 | -€8,014 | -24.5% |
| Plant, machinery and equipment | 23 | €29,343 | €22,301 | -€7,042 | -24.0% |
| Furniture and vehicles | 24 | €3,387 | €2,415 | -€972 | -28.7% |
| Current assets | 29/58 | €148,230 | €153,447 | +€5,217 | +3.5% |
| Stocks and contracts in progress | 3 | €80,963 | €82,488 | +€1,525 | +1.9% |
| Stocks | 30/36 | €80,963 | €82,488 | +€1,525 | +1.9% |
| Amounts receivable within one year | 40/41 | €56,726 | €58,367 | +€1,641 | +2.9% |
| Trade receivables | 40 | €56,001 | €57,433 | +€1,433 | +2.6% |
| Other amounts receivable | 41 | €726 | €934 | +€208 | +28.6% |
| Current investments | 50/53 | €4,652 | €4,652 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €5,888 | €7,939 | +€2,051 | +34.8% |
| Total equity and liabilities | 10/49 | €180,959 | €178,162 | -€2,797 | -1.5% |
| Equity | 10/15 | €36,418 | €36,346 | -€72 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,205 | €30,205 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,345 | €28,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13 | -€59 | -€72 | |
| Amounts payable | 17/49 | €144,541 | €141,816 | -€2,725 | -1.9% |
| Amounts payable after more than one year | 17 | €29,865 | €37,691 | +€7,826 | +26.2% |
| Financial debts | 170/4 | €29,865 | €37,691 | +€7,826 | +26.2% |
| Amounts payable within one year | 42/48 | €107,697 | €97,420 | -€10,277 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €28,354 | €31,083 | +€2,730 | +9.6% |
| Financial debts | 43 | €21,431 | €19,550 | -€1,881 | -8.8% |
| Credit institutions | 430/8 | €21,431 | €19,550 | -€1,881 | -8.8% |
| Trade debts | 44 | €43,260 | €35,383 | -€7,877 | -18.2% |
| Suppliers | 440/4 | €43,260 | €35,383 | -€7,877 | -18.2% |
| Taxes, remuneration and social security | 45 | €4,534 | €3,385 | -€1,149 | -25.3% |
| Taxes | 450/3 | €4,534 | €3,385 | -€1,149 | -25.3% |
| Other amounts payable | 47/48 | €10,119 | €8,019 | -€2,100 | -20.8% |
| Accrued charges and deferred income | 492/3 | €6,978 | €6,705 | -€274 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,840 | €9,198 | +€358 | +4.0% |
| Other operating charges | 640/8 | €1,298 | €708 | -€590 | -45.4% |
| Gross operating margin | 9900 | €34,333 | €27,862 | -€6,471 | -18.8% |
| Operating profit (loss) | 9901 | €24,195 | €17,956 | -€6,239 | -25.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +366.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +366.7% |
| Financial charges | 65/66B | €16,525 | €16,667 | +€142 | +0.9% |
| Recurring financial charges | 65 | €16,525 | €16,667 | +€142 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €7,670 | €1,289 | -€6,381 | -83.2% |
| Income taxes | 67/77 | €3,273 | €1,361 | -€1,912 | -58.4% |
| Profit (loss) for the period | 9904 | €4,397 | -€72 | -€4,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,397 | -€72 | -€4,469 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.