ABELARD: 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
ABELARD
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€614,218
2024 · €752,993-€138,775
Equity
€3.3m
2024 · €3.2m+€106,550
Cash
€69,027
2024 · €85,968-€16,941
Balance sheet total
€7.5m
2024 · €7.3m+€218,220
Largest movements
Assets
- Financial fixed assets +€377,724
up €377,724 (+14.1%), from €2.7m to €3.1m
- Tangible fixed assets -€140,783
down €140,783 (-5.9%), from €2.4m to €2.2m
of which Land and buildings: -€87,889
Equity and liabilities
- Other debts +€432,959
up €432,959 (+218.6%), from €198,071 to €631,030
- Debts after one year -€283,433
down €283,433 (-8.8%), from €3.2m to €2.9m
of which Financial debts: -€283,433
- Reserves +€106,550
up €106,550 (+3.3%), from €3.2m to €3.3m
of which Distributable reserves: +€110,297
Income statement
- Gross operating margin -€429,756
down €429,756 (-30.1%), from €1.4m to €999,068
- Financial income +€176,223
up €176,223 (+768.9%), from €22,920 to €199,143
- Taxes -€118,257
down €118,257 (-31.8%), from €372,424 to €254,167
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.
Result 2024
€752,993
Gross operating margin
-€429,756
Depreciation
-€5,322
Other operating charges
+€386
Financial income
+€176,223
Financial charges
+€1,437
Taxes
+€118,257
Result 2025
€614,218
Cash bridge derived
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.
From operations
+€1.3m
Investment
-€449,576
Financing
-€860,871
Cash 2024
€85,968
From operations (derived)
+€1.3m
Net result for the year
+€614,218
Depreciation
+€216,928
Deferred charges and accrued income
-€2,513
Provisions
-€1,249
Trade debts
-€14,124
Tax, wage and social debts
+€47,288
Other debts
+€432,959
Investment (derived)
-€449,576
Investment in fixed assets (net)
-€389,621
Current investments
-€59,955
Financing
-€860,871
Debts after one year
-€283,433
Current portion of long-term debt
-€10,459
Short-term financial debts
-€59,312
Contributions, distributions and other
-€507,668
Cash 2025
€69,027
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,323,917 | €7,542,137 | +€218,220 | +3.0% |
| Fixed assets | 21/28 | €5,333,222 | €5,505,916 | +€172,693 | +3.2% |
| Intangible fixed assets | 21 | €256,988 | €192,741 | -€64,247 | -25.0% |
| Tangible fixed assets | 22/27 | €2,388,108 | €2,247,325 | -€140,783 | -5.9% |
| Land and buildings | 22 | €2,257,836 | €2,169,947 | -€87,889 | -3.9% |
| Plant, machinery and equipment | 23 | €41,379 | €35,318 | -€6,061 | -14.6% |
| Furniture and vehicles | 24 | €76,516 | €29,807 | -€46,709 | -61.0% |
| Other tangible fixed assets | 26 | €12,377 | €12,253 | -€124 | -1.0% |
| Financial fixed assets | 28 | €2,688,126 | €3,065,850 | +€377,724 | +14.1% |
| Current assets | 29/58 | €1,990,695 | €2,036,222 | +€45,527 | +2.3% |
| Amounts receivable after more than one year | 29 | €1,105,000 | €1,105,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,105,000 | €1,105,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €109,300 | €109,300 | = | 0.0% |
| Other amounts receivable | 41 | €109,300 | €109,300 | = | 0.0% |
| Current investments | 50/53 | €681,265 | €741,220 | +€59,955 | +8.8% |
| Cash at bank and in hand | 54/58 | €85,968 | €69,027 | -€16,941 | -19.7% |
| Deferred charges and accrued income | 490/1 | €9,162 | €11,674 | +€2,513 | +27.4% |
| Total equity and liabilities | 10/49 | €7,323,917 | €7,542,137 | +€218,220 | +3.0% |
| Equity | 10/15 | €3,227,179 | €3,333,728 | +€106,550 | +3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,214,779 | €3,321,328 | +€106,550 | +3.3% |
| Tax-exempt reserves | 132 | €59,168 | €55,421 | -€3,747 | -6.3% |
| Distributable reserves | 133 | €3,155,611 | €3,265,908 | +€110,297 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €19,723 | €18,474 | -€1,249 | -6.3% |
| Deferred taxes | 168 | €19,723 | €18,474 | -€1,249 | -6.3% |
| Amounts payable | 17/49 | €4,077,016 | €4,189,936 | +€112,920 | +2.8% |
| Amounts payable after more than one year | 17 | €3,230,463 | €2,947,030 | -€283,433 | -8.8% |
| Financial debts | 170/4 | €3,230,463 | €2,947,030 | -€283,433 | -8.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €846,553 | €1,242,905 | +€396,352 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €407,055 | €396,597 | -€10,459 | -2.6% |
| Financial debts | 43 | €101,534 | €42,223 | -€59,312 | -58.4% |
| Credit institutions | 430/8 | €101,534 | €42,223 | -€59,312 | -58.4% |
| Trade debts | 44 | €56,434 | €42,310 | -€14,124 | -25.0% |
| Suppliers | 440/4 | €56,434 | €42,310 | -€14,124 | -25.0% |
| Taxes, remuneration and social security | 45 | €83,459 | €130,747 | +€47,288 | +56.7% |
| Taxes | 450/3 | €78,553 | €125,686 | +€47,133 | +60.0% |
| Remuneration and social security | 454/9 | €4,906 | €5,061 | +€155 | +3.2% |
| Other amounts payable | 47/48 | €198,071 | €631,030 | +€432,959 | +218.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,605 | €216,928 | +€5,322 | +2.5% |
| Other operating charges | 640/8 | €10,990 | €10,604 | -€386 | -3.5% |
| Gross operating margin | 9900 | €1,428,824 | €999,068 | -€429,756 | -30.1% |
| Operating profit (loss) | 9901 | €1,206,228 | €771,535 | -€434,692 | -36.0% |
| Financial income | 75/76B | €22,920 | €199,143 | +€176,223 | +768.9% |
| Recurring financial income | 75 | €22,920 | €199,143 | +€176,223 | +768.9% |
| Financial charges | 65/66B | €104,980 | €103,544 | -€1,437 | -1.4% |
| Recurring financial charges | 65 | €104,980 | €103,544 | -€1,437 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €1,124,168 | €867,135 | -€257,033 | -22.9% |
| Transfer from deferred taxes | 780 | €1,249 | €1,249 | = | 0.0% |
| Income taxes | 67/77 | €372,424 | €254,167 | -€118,257 | -31.8% |
| Profit (loss) for the period | 9904 | €752,993 | €614,218 | -€138,775 | -18.4% |
| Transfer from tax-exempt reserves | 789 | €3,747 | €3,747 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €756,740 | €617,965 | -€138,775 | -18.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.