ABELCO: 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.
ABELCO
Largest movements
- Cash +€69,892
up €69,892 (+72.5%), from €96,467 to €166,360
mainly Net result for the year (+€73,672) and Tax, wage and social debts (+€8,738)
- Receivables within one year +€12,145
up €12,145 (+45.3%), from €26,786 to €38,931
of which Other amounts receivable: +€13,465
- Reserves +€72,839
up €72,839 (+70.9%), from €102,792 to €175,631
of which Distributable reserves: +€72,839
- Tax, wage and social debts +€8,738
up €8,738 (+133%), from €6,565 to €15,303
- Other debts -€6,354
down €6,354 (-88.4%), from €7,187 to €833
- Trade debts +€4,814
up €4,814 (+628%), from €767 to €5,581
- Gross operating margin +€22,621
up €22,621 (+27.2%), from €83,150 to €105,771
- Taxes +€4,687
up €4,687 (+19.3%), from €24,234 to €28,921
- Depreciation -€1,140
down €1,140 (-57.4%), from €1,987 to €847
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 | €135,931 | €215,948 | +€80,016 | +58.9% |
| Fixed assets | 21/28 | €11,935 | €9,887 | -€2,047 | -17.2% |
| Tangible fixed assets | 22/27 | €2,821 | €773 | -€2,047 | -72.6% |
| Plant, machinery and equipment | 23 | €1,516 | €701 | -€815 | -53.8% |
| Other tangible fixed assets | 26 | €1,305 | €73 | -€1,232 | -94.4% |
| Financial fixed assets | 28 | €9,114 | €9,114 | = | 0.0% |
| Current assets | 29/58 | €123,997 | €206,060 | +€82,064 | +66.2% |
| Amounts receivable within one year | 40/41 | €26,786 | €38,931 | +€12,145 | +45.3% |
| Trade receivables | 40 | €14,893 | €13,573 | -€1,320 | -8.9% |
| Other amounts receivable | 41 | €11,893 | €25,358 | +€13,465 | +113% |
| Cash at bank and in hand | 54/58 | €96,467 | €166,360 | +€69,892 | +72.5% |
| Deferred charges and accrued income | 490/1 | €743 | €770 | +€27 | +3.6% |
| Total equity and liabilities | 10/49 | €135,931 | €215,948 | +€80,016 | +58.9% |
| Equity | 10/15 | €121,392 | €194,231 | +€72,839 | +60.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,792 | €175,631 | +€72,839 | +70.9% |
| Non-distributable reserves | 130/1 | €114 | €114 | = | 0.0% |
| Reserves not available under the articles | 1311 | €114 | €114 | = | 0.0% |
| Distributable reserves | 133 | €102,678 | €175,517 | +€72,839 | +70.9% |
| Amounts payable | 17/49 | €14,539 | €21,717 | +€7,178 | +49.4% |
| Amounts payable within one year | 42/48 | €14,519 | €21,717 | +€7,198 | +49.6% |
| Trade debts | 44 | €767 | €5,581 | +€4,814 | +628% |
| Suppliers | 440/4 | €767 | €5,581 | +€4,814 | +628% |
| Taxes, remuneration and social security | 45 | €6,565 | €15,303 | +€8,738 | +133% |
| Taxes | 450/3 | €6,565 | €15,303 | +€8,738 | +133% |
| Other amounts payable | 47/48 | €7,187 | €833 | -€6,354 | -88.4% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,987 | €847 | -€1,140 | -57.4% |
| Other operating charges | 640/8 | €1,278 | €1,206 | -€72 | -5.7% |
| Non-recurring operating charges | 66A | - | €1,200 | +€1,200 | |
| Gross operating margin | 9900 | €83,150 | €105,771 | +€22,621 | +27.2% |
| Operating profit (loss) | 9901 | €79,886 | €102,519 | +€22,633 | +28.3% |
| Financial income | 75/76B | €160 | €333 | +€172 | +107% |
| Recurring financial income | 75 | €160 | €333 | +€172 | +107% |
| Financial charges | 65/66B | €245 | €259 | +€14 | +5.7% |
| Recurring financial charges | 65 | €245 | €259 | +€14 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €79,801 | €102,592 | +€22,791 | +28.6% |
| Income taxes | 67/77 | €24,234 | €28,921 | +€4,687 | +19.3% |
| Profit (loss) for the period | 9904 | €55,567 | €73,672 | +€18,104 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,567 | €73,672 | +€18,104 | +32.6% |
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 13 October 2026 via checked.be.