ABELARO: 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.
ABELARO
Largest movements
- Cash -€15,705
down €15,705 (-7.9%), from €197,715 to €182,009
mainly Contributions, distributions and other (-€102,000) and Deferred charges and accrued income (-€2,959)
- Tangible fixed assets -€6,361
down €6,361 (-24.6%), from €25,852 to €19,491
- Deferred charges and accrued income +€2,959
up €2,959 (+1,222%), from €242 to €3,201
- Reserves -€40,000
down €40,000 (-30.8%), from €130,000 to €90,000
- Other debts +€13,821
up €13,821 (+15.2%), from €91,148 to €104,969
- Tax, wage and social debts +€8,171
up €8,171 (+104%), from €7,869 to €16,040
- Gross operating margin -€10,165
down €10,165 (-10.6%), from €95,876 to €85,711
- Depreciation +€3,676
up €3,676 (+137%), from €2,685 to €6,361
- Taxes -€3,255
down €3,255 (-17.0%), from €19,203 to €15,948
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 | €239,285 | €222,217 | -€17,068 | -7.1% |
| Fixed assets | 21/28 | €25,852 | €19,491 | -€6,361 | -24.6% |
| Tangible fixed assets | 22/27 | €25,852 | €19,491 | -€6,361 | -24.6% |
| Furniture and vehicles | 24 | €25,852 | €19,491 | -€6,361 | -24.6% |
| Current assets | 29/58 | €213,433 | €202,726 | -€10,707 | -5.0% |
| Amounts receivable within one year | 40/41 | €13,476 | €15,516 | +€2,039 | +15.1% |
| Trade receivables | 40 | €13,476 | €15,464 | +€1,987 | +14.7% |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €197,715 | €182,009 | -€15,705 | -7.9% |
| Deferred charges and accrued income | 490/1 | €242 | €3,201 | +€2,959 | +1,222% |
| Total equity and liabilities | 10/49 | €239,285 | €222,217 | -€17,068 | -7.1% |
| Equity | 10/15 | €139,410 | €99,972 | -€39,438 | -28.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €90,000 | -€40,000 | -30.8% |
| Distributable reserves | 133 | €130,000 | €90,000 | -€40,000 | -30.8% |
| Profit (loss) carried forward | 14 | €4,410 | €4,972 | +€562 | +12.7% |
| Amounts payable | 17/49 | €99,875 | €122,245 | +€22,370 | +22.4% |
| Amounts payable within one year | 42/48 | €99,855 | €121,995 | +€22,140 | +22.2% |
| Trade debts | 44 | €838 | €986 | +€148 | +17.7% |
| Suppliers | 440/4 | €838 | €986 | +€148 | +17.7% |
| Taxes, remuneration and social security | 45 | €7,869 | €16,040 | +€8,171 | +104% |
| Taxes | 450/3 | €7,869 | €16,040 | +€8,171 | +104% |
| Other amounts payable | 47/48 | €91,148 | €104,969 | +€13,821 | +15.2% |
| Accrued charges and deferred income | 492/3 | €20 | €250 | +€230 | +1,153% |
| Non-recurring operating income | 76A | €3,091 | €0 | -€3,091 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,685 | €6,361 | +€3,676 | +137% |
| Other operating charges | 640/8 | €458 | €460 | +€2 | +0.4% |
| Gross operating margin | 9900 | €95,876 | €85,711 | -€10,165 | -10.6% |
| Operating profit (loss) | 9901 | €92,733 | €78,890 | -€13,843 | -14.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,121 | €380 | -€741 | -66.1% |
| Recurring financial charges | 65 | €1,121 | €380 | -€741 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €91,613 | €78,510 | -€13,102 | -14.3% |
| Income taxes | 67/77 | €19,203 | €15,948 | -€3,255 | -17.0% |
| Profit (loss) for the period | 9904 | €72,410 | €62,562 | -€9,847 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,410 | €62,562 | -€9,847 | -13.6% |
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 20 October 2026 via checked.be.