ABELO: 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.
ABELO
Largest movements
- Tangible fixed assets +€76,810
up €76,810 (+25.2%), from €305,224 to €382,033
of which Land and buildings: +€75,618
- Cash -€7,574
down €7,574 (-42.6%), from €17,783 to €10,209
mainly Investment in fixed assets (net) (-€79,075) and Net result for the year (-€3,981)
- Receivables within one year -€6,599
no longer reported in 2025 (was €6,599)
of which Trade receivables: -€6,551
- Debts after one year +€65,618
up €65,618 (+48.5%), from €135,400 to €201,018
- Profit (loss) carried forward -€3,981
down €3,981 (-20.1%), from €19,812 to €15,831
- Depreciation +€1,422
up €1,422 (+169%), from €843 to €2,265
- Gross operating margin -€992
down €992, from €55 to -€937
- Taxes +€48
new in 2025: €48
- Other operating charges +€29
up €29 (+4.0%), from €735 to €765
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 | €329,605 | €392,242 | +€62,637 | +19.0% |
| Fixed assets | 21/28 | €305,224 | €382,033 | +€76,810 | +25.2% |
| Tangible fixed assets | 22/27 | €305,224 | €382,033 | +€76,810 | +25.2% |
| Land and buildings | 22 | €299,802 | €375,420 | +€75,618 | +25.2% |
| Plant, machinery and equipment | 23 | €705 | €2,417 | +€1,712 | +243% |
| Furniture and vehicles | 24 | €4,717 | €4,197 | -€520 | -11.0% |
| Current assets | 29/58 | €24,381 | €10,209 | -€14,173 | -58.1% |
| Amounts receivable within one year | 40/41 | €6,599 | - | -€6,599 | |
| Trade receivables | 40 | €6,551 | - | -€6,551 | |
| Other amounts receivable | 41 | €48 | - | -€48 | |
| Cash at bank and in hand | 54/58 | €17,783 | €10,209 | -€7,574 | -42.6% |
| Total equity and liabilities | 10/49 | €329,605 | €392,242 | +€62,637 | +19.0% |
| Equity | 10/15 | €193,342 | €189,361 | -€3,981 | -2.1% |
| Contributions | 10/11 | €173,530 | €173,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,812 | €15,831 | -€3,981 | -20.1% |
| Amounts payable | 17/49 | €136,263 | €202,880 | +€66,618 | +48.9% |
| Amounts payable after more than one year | 17 | €135,400 | €201,018 | +€65,618 | +48.5% |
| Financial debts | 170/4 | €135,400 | €201,018 | +€65,618 | +48.5% |
| Amounts payable within one year | 42/48 | €863 | €1,863 | +€1,000 | +116% |
| Other amounts payable | 47/48 | €863 | €1,863 | +€1,000 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €843 | €2,265 | +€1,422 | +169% |
| Other operating charges | 640/8 | €735 | €765 | +€29 | +4.0% |
| Gross operating margin | 9900 | €55 | -€937 | -€992 | |
| Operating profit (loss) | 9901 | -€1,524 | -€3,967 | -€2,443 | -160% |
| Financial income | 75/76B | €80 | €79 | -€1 | -0.7% |
| Recurring financial income | 75 | €80 | €79 | -€1 | -0.7% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,487 | -€3,933 | -€2,445 | -164% |
| Income taxes | 67/77 | - | €48 | +€48 | |
| Profit (loss) for the period | 9904 | -€1,487 | -€3,981 | -€2,493 | -168% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,487 | -€3,981 | -€2,493 | -168% |
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 14 October 2026 via checked.be.