ABELLINA: 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.
ABELLINA
Largest movements
- Current investments +€53,709
up €53,709 (+52.5%), from €102,290 to €155,999
- Tangible fixed assets -€30,414
down €30,414 (-66.8%), from €45,541 to €15,127
of which Land and buildings: -€21,932
- Intangible fixed assets +€5,512
new in 2025: €5,512
- Cash -€2,894
down €2,894 (-5.0%), from €58,028 to €55,134
mainly Current investments (-€53,709) and Current portion of long-term debt (-€21,579)
- Reserves +€33,038
up €33,038 (+43.0%), from €76,860 to €109,898
- Other debts +€30,635
up €30,635 (+136%), from €22,514 to €53,149
- Current portion of long-term debt -€21,579
down €21,579 (-74.5%), from €28,970 to €7,391
- Advances received -€9,342
no longer reported in 2025 (was €9,342)
- Debts after one year -€7,391
no longer reported in 2025 (was €7,391)
- Gross operating margin +€23,457
up €23,457 (+39.8%), from €58,935 to €82,392
- Taxes +€7,387
up €7,387 (+87.6%), from €8,437 to €15,825
- Financial income -€3,368
down €3,368 (-84.9%), from €3,964 to €597
- Depreciation -€1,726
down €1,726 (-5.4%), from €32,247 to €30,521
- Staff costs +€1,526
new in 2025: €1,526
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 | €237,093 | €263,769 | +€26,676 | +11.3% |
| Fixed assets | 21/28 | €45,541 | €20,639 | -€24,901 | -54.7% |
| Intangible fixed assets | 21 | - | €5,512 | +€5,512 | |
| Tangible fixed assets | 22/27 | €45,541 | €15,127 | -€30,414 | -66.8% |
| Land and buildings | 22 | €25,422 | €3,491 | -€21,932 | -86.3% |
| Plant, machinery and equipment | 23 | €1,118 | €236 | -€882 | -78.9% |
| Furniture and vehicles | 24 | €19,000 | €11,400 | -€7,600 | -40.0% |
| Current assets | 29/58 | €191,552 | €243,130 | +€51,578 | +26.9% |
| Stocks and contracts in progress | 3 | €20,060 | €19,126 | -€934 | -4.7% |
| Stocks | 30/36 | €20,060 | €19,126 | -€934 | -4.7% |
| Amounts receivable within one year | 40/41 | €10,795 | €12,188 | +€1,393 | +12.9% |
| Other amounts receivable | 41 | €10,795 | €12,188 | +€1,393 | +12.9% |
| Current investments | 50/53 | €102,290 | €155,999 | +€53,709 | +52.5% |
| Cash at bank and in hand | 54/58 | €58,028 | €55,134 | -€2,894 | -5.0% |
| Deferred charges and accrued income | 490/1 | €379 | €682 | +€303 | +80.1% |
| Total equity and liabilities | 10/49 | €237,093 | €263,769 | +€26,676 | +11.3% |
| Equity | 10/15 | €158,361 | €191,399 | +€33,038 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,860 | €109,898 | +€33,038 | +43.0% |
| Distributable reserves | 133 | €76,860 | €109,898 | +€33,038 | +43.0% |
| Profit (loss) carried forward | 14 | €62,901 | €62,901 | = | 0.0% |
| Amounts payable | 17/49 | €78,732 | €72,371 | -€6,362 | -8.1% |
| Amounts payable after more than one year | 17 | €7,391 | - | -€7,391 | |
| Financial debts | 170/4 | €7,391 | - | -€7,391 | |
| Amounts payable within one year | 42/48 | €71,341 | €72,371 | +€1,030 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €28,970 | €7,391 | -€21,579 | -74.5% |
| Trade debts | 44 | €7,719 | €3,691 | -€4,028 | -52.2% |
| Suppliers | 440/4 | €7,719 | €3,691 | -€4,028 | -52.2% |
| Advances received on contracts in progress | 46 | €9,342 | - | -€9,342 | |
| Taxes, remuneration and social security | 45 | €2,796 | €8,139 | +€5,343 | +191% |
| Taxes | 450/3 | €2,796 | €5,477 | +€2,681 | +95.9% |
| Remuneration and social security | 454/9 | - | €2,662 | +€2,662 | |
| Other amounts payable | 47/48 | €22,514 | €53,149 | +€30,635 | +136% |
| Non-recurring operating income | 76A | - | €14,655 | +€14,655 | |
| Remuneration, social security and pensions | 62 | - | €1,526 | +€1,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,247 | €30,521 | -€1,726 | -5.4% |
| Other operating charges | 640/8 | €673 | €758 | +€85 | +12.7% |
| Gross operating margin | 9900 | €58,935 | €82,392 | +€23,457 | +39.8% |
| Operating profit (loss) | 9901 | €26,015 | €49,586 | +€23,571 | +90.6% |
| Financial income | 75/76B | €3,964 | €597 | -€3,368 | -84.9% |
| Recurring financial income | 75 | €3,964 | €597 | -€3,368 | -84.9% |
| Financial charges | 65/66B | €2,493 | €1,321 | -€1,172 | -47.0% |
| Recurring financial charges | 65 | €2,493 | €1,321 | -€1,172 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €27,487 | €48,863 | +€21,376 | +77.8% |
| Income taxes | 67/77 | €8,437 | €15,825 | +€7,387 | +87.6% |
| Profit (loss) for the period | 9904 | €19,050 | €33,038 | +€13,988 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,050 | €33,038 | +€13,988 | +73.4% |
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.