ABELIASUN: 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.
ABELIASUN
Largest movements
- Receivables within one year -€55,977
down €55,977 (-80.2%), from €69,757 to €13,780
of which Trade receivables: -€53,656
- Cash +€44,608
up €44,608 (+150%), from €29,779 to €74,387
mainly Receivables within one year (+€55,977) and Depreciation (+€35,140)
- Tangible fixed assets +€35,190
up €35,190 (+35.1%), from €100,228 to €135,418
of which Furniture and vehicles: +€39,683
- Deferred charges and accrued income +€2,758
up €2,758 (+41.1%), from €6,707 to €9,465
- Other debts +€31,796
up €31,796 (+718%), from €4,427 to €36,222
- Trade debts -€13,840
down €13,840 (-82.6%), from €16,757 to €2,917
- Debts after one year +€9,412
up €9,412 (+172%), from €5,473 to €14,885
- Reserves -€8,952
down €8,952 (-12.8%), from €69,792 to €60,839
of which Distributable reserves: -€8,952
- Current portion of long-term debt +€8,381
up €8,381 (+131%), from €6,393 to €14,774
- Staff costs +€17,385
up €17,385 (+381%), from €4,564 to €21,950
- Gross operating margin +€12,036
up €12,036 (+16.1%), from €74,587 to €86,624
- Depreciation +€5,182
up €5,182 (+17.3%), from €29,958 to €35,140
- Taxes -€2,769
down €2,769 (-25.1%), from €11,032 to €8,264
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 | €210,912 | €236,245 | +€25,333 | +12.0% |
| Fixed assets | 21/28 | €104,670 | €138,613 | +€33,944 | +32.4% |
| Intangible fixed assets | 21 | €3,167 | €1,920 | -€1,247 | -39.4% |
| Tangible fixed assets | 22/27 | €100,228 | €135,418 | +€35,190 | +35.1% |
| Plant, machinery and equipment | 23 | €71,244 | €66,751 | -€4,493 | -6.3% |
| Furniture and vehicles | 24 | €28,984 | €68,667 | +€39,683 | +137% |
| Financial fixed assets | 28 | €1,275 | €1,275 | = | 0.0% |
| Current assets | 29/58 | €106,243 | €97,632 | -€8,611 | -8.1% |
| Amounts receivable within one year | 40/41 | €69,757 | €13,780 | -€55,977 | -80.2% |
| Trade receivables | 40 | €66,926 | €13,270 | -€53,656 | -80.2% |
| Other amounts receivable | 41 | €2,830 | €510 | -€2,320 | -82.0% |
| Cash at bank and in hand | 54/58 | €29,779 | €74,387 | +€44,608 | +150% |
| Deferred charges and accrued income | 490/1 | €6,707 | €9,465 | +€2,758 | +41.1% |
| Total equity and liabilities | 10/49 | €210,912 | €236,245 | +€25,333 | +12.0% |
| Equity | 10/15 | €160,734 | €151,781 | -€8,952 | -5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €69,792 | €60,839 | -€8,952 | -12.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €63,592 | €54,639 | -€8,952 | -14.1% |
| Profit (loss) carried forward | 14 | €28,942 | €28,942 | = | 0.0% |
| Amounts payable | 17/49 | €50,179 | €84,464 | +€34,285 | +68.3% |
| Amounts payable after more than one year | 17 | €5,473 | €14,885 | +€9,412 | +172% |
| Financial debts | 170/4 | €5,473 | €14,885 | +€9,412 | +172% |
| Amounts payable within one year | 42/48 | €44,706 | €69,579 | +€24,874 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | €6,393 | €14,774 | +€8,381 | +131% |
| Financial debts | 43 | €843 | €831 | -€12 | -1.4% |
| Credit institutions | 430/8 | €843 | €831 | -€12 | -1.4% |
| Trade debts | 44 | €16,757 | €2,917 | -€13,840 | -82.6% |
| Suppliers | 440/4 | €16,757 | €2,917 | -€13,840 | -82.6% |
| Taxes, remuneration and social security | 45 | €16,286 | €14,835 | -€1,451 | -8.9% |
| Taxes | 450/3 | €16,286 | €14,127 | -€2,159 | -13.3% |
| Remuneration and social security | 454/9 | - | €708 | +€708 | |
| Other amounts payable | 47/48 | €4,427 | €36,222 | +€31,796 | +718% |
| Non-recurring operating income | 76A | €1,969 | - | -€1,969 | |
| Remuneration, social security and pensions | 62 | €4,564 | €21,950 | +€17,385 | +381% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,958 | €35,140 | +€5,182 | +17.3% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €74,587 | €86,624 | +€12,036 | +16.1% |
| Operating profit (loss) | 9901 | €39,678 | €29,534 | -€10,144 | -25.6% |
| Financial income | 75/76B | €361 | €358 | -€4 | -1.0% |
| Recurring financial income | 75 | €361 | €358 | -€4 | -1.0% |
| Financial charges | 65/66B | €2,132 | €1,946 | -€187 | -8.8% |
| Recurring financial charges | 65 | €2,132 | €1,946 | -€187 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €37,907 | €27,946 | -€9,961 | -26.3% |
| Income taxes | 67/77 | €11,032 | €8,264 | -€2,769 | -25.1% |
| Profit (loss) for the period | 9904 | €26,875 | €19,683 | -€7,192 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,875 | €19,683 | -€7,192 | -26.8% |
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 19 October 2026 via checked.be.