ABELKHO: 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.
ABELKHO
Largest movements
- Cash +€71,464
up €71,464 (+68.5%), from €104,368 to €175,832
mainly Trade debts (+€52,626) and Net result for the year (+€31,628)
- Tangible fixed assets +€49,306
up €49,306 (+38.1%), from €129,346 to €178,652
of which Plant, machinery and equipment: +€36,117
- Receivables within one year -€13,560
down €13,560 (-20.3%), from €66,829 to €53,269
of which Trade receivables: -€19,302
- Trade debts +€52,626
up €52,626 (+178.0%), from €29,573 to €82,199
- Profit (loss) carried forward +€31,628
up €31,628 (+41.9%), from €75,503 to €107,131
- Tax, wage and social debts +€29,865
up €29,865 (+54.3%), from €54,953 to €84,818
of which Remuneration and social security: +€26,651
- Other debts -€20,000
down €20,000 (-25.0%), from €80,050 to €60,050
- Provisions +€10,200
up €10,200 (+13.9%), from €73,300 to €83,500
- Gross operating margin +€59,216
up €59,216 (+13.7%), from €432,925 to €492,141
- Staff costs +€54,934
up €54,934 (+18.6%), from €295,279 to €350,213
- Provisions -€13,300
down €13,300 (-18.1%), from €73,300 to €60,000
- Taxes +€12,757
up €12,757 (+360.6%), from €3,538 to €16,295
- Other operating charges +€7,025
up €7,025 (+1268.1%), from €554 to €7,579
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
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 | €331,979 | €441,567 | +€109,588 | +33.0% |
| Fixed assets | 21/28 | €138,846 | €188,152 | +€49,306 | +35.5% |
| Tangible fixed assets | 22/27 | €129,346 | €178,652 | +€49,306 | +38.1% |
| Plant, machinery and equipment | 23 | €22,598 | €58,715 | +€36,117 | +159.8% |
| Furniture and vehicles | 24 | €1,974 | €14 | -€1,960 | -99.3% |
| Other tangible fixed assets | 26 | €104,774 | €119,923 | +€15,149 | +14.5% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €193,133 | €253,415 | +€60,282 | +31.2% |
| Stocks and contracts in progress | 3 | €21,936 | €24,314 | +€2,378 | +10.8% |
| Stocks | 30/36 | €21,936 | €24,314 | +€2,378 | +10.8% |
| Amounts receivable within one year | 40/41 | €66,829 | €53,269 | -€13,560 | -20.3% |
| Trade receivables | 40 | €21,895 | €2,593 | -€19,302 | -88.2% |
| Other amounts receivable | 41 | €44,934 | €50,676 | +€5,742 | +12.8% |
| Cash at bank and in hand | 54/58 | €104,368 | €175,832 | +€71,464 | +68.5% |
| Total equity and liabilities | 10/49 | €331,979 | €441,567 | +€109,588 | +33.0% |
| Equity | 10/15 | €94,103 | €125,731 | +€31,628 | +33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,503 | €107,131 | +€31,628 | +41.9% |
| Provisions and deferred taxes | 16 | €73,300 | €83,500 | +€10,200 | +13.9% |
| Provisions for liabilities and charges | 160/5 | €73,300 | €83,500 | +€10,200 | +13.9% |
| Major repairs and maintenance | 162 | €49,800 | - | -€49,800 | |
| Other liabilities and charges | 164/5 | €23,500 | €83,500 | +€60,000 | +255.3% |
| Amounts payable | 17/49 | €164,576 | €232,336 | +€67,760 | +41.2% |
| Amounts payable within one year | 42/48 | €164,576 | €232,336 | +€67,760 | +41.2% |
| Trade debts | 44 | €29,573 | €82,199 | +€52,626 | +178.0% |
| Suppliers | 440/4 | €29,573 | €82,199 | +€52,626 | +178.0% |
| Advances received on contracts in progress | 46 | - | €5,269 | +€5,269 | |
| Taxes, remuneration and social security | 45 | €54,953 | €84,818 | +€29,865 | +54.3% |
| Taxes | 450/3 | €3,974 | €7,188 | +€3,214 | +80.9% |
| Remuneration and social security | 454/9 | €50,979 | €77,630 | +€26,651 | +52.3% |
| Other amounts payable | 47/48 | €80,050 | €60,050 | -€20,000 | -25.0% |
| Non-recurring operating income | 76A | - | €49,800 | +€49,800 | |
| Remuneration, social security and pensions | 62 | €295,279 | €350,213 | +€54,934 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,881 | €28,913 | +€4,032 | +16.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €73,300 | €60,000 | -€13,300 | -18.1% |
| Other operating charges | 640/8 | €554 | €7,579 | +€7,025 | +1268.1% |
| Gross operating margin | 9900 | €432,925 | €492,141 | +€59,216 | +13.7% |
| Operating profit (loss) | 9901 | €38,911 | €45,436 | +€6,525 | +16.8% |
| Financial income | 75/76B | €2,272 | €2,623 | +€351 | +15.4% |
| Recurring financial income | 75 | €2,272 | €2,623 | +€351 | +15.4% |
| Financial charges | 65/66B | €140 | €136 | -€4 | -2.9% |
| Recurring financial charges | 65 | €140 | €136 | -€4 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €41,043 | €47,923 | +€6,880 | +16.8% |
| Income taxes | 67/77 | €3,538 | €16,295 | +€12,757 | +360.6% |
| Profit (loss) for the period | 9904 | €37,505 | €31,628 | -€5,877 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,505 | €31,628 | -€5,877 | -15.7% |
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 7 October 2026 via checked.be.