ABELPOL: 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.
ABELPOL
Largest movements
- Cash +€19,837
up €19,837 (+230%), from €8,637 to €28,474
mainly Trade debts (+€19,278) and Depreciation (+€12,870)
- Tangible fixed assets -€12,870
down €12,870 (-8.9%), from €145,113 to €132,243
of which Land and buildings: -€7,196
- Receivables within one year +€9,640
up €9,640 (+124%), from €7,756 to €17,396
of which Trade receivables: +€10,248
- Trade debts +€19,278
up €19,278 (+933%), from €2,066 to €21,344
- Reserves +€8,967
up €8,967 (+7.2%), from €124,612 to €133,579
of which Distributable reserves: +€8,967
- Current portion of long-term debt -€8,788
down €8,788 (-64.1%), from €13,705 to €4,917
- Debts after one year -€4,918
down €4,918 (-25.7%), from €19,150 to €14,232
- Tax, wage and social debts +€3,630
up €3,630 (+62.7%), from €5,792 to €9,422
of which Taxes: +€8,725
- Gross operating margin +€12,092
up €12,092 (+45.2%), from €26,775 to €38,867
- Depreciation +€3,422
up €3,422 (+36.2%), from €9,448 to €12,870
- Taxes +€3,092
up €3,092 (+97.5%), from €3,171 to €6,263
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 | €195,822 | €214,020 | +€18,198 | +9.3% |
| Fixed assets | 21/28 | €145,238 | €132,368 | -€12,870 | -8.9% |
| Tangible fixed assets | 22/27 | €145,113 | €132,243 | -€12,870 | -8.9% |
| Land and buildings | 22 | €119,965 | €112,769 | -€7,196 | -6.0% |
| Plant, machinery and equipment | 23 | €772 | €482 | -€290 | -37.6% |
| Furniture and vehicles | 24 | €24,376 | €18,992 | -€5,384 | -22.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €50,584 | €81,652 | +€31,068 | +61.4% |
| Amounts receivable within one year | 40/41 | €7,756 | €17,396 | +€9,640 | +124% |
| Trade receivables | 40 | €2,000 | €12,248 | +€10,248 | +512% |
| Other amounts receivable | 41 | €5,756 | €5,148 | -€608 | -10.6% |
| Current investments | 50/53 | €29,793 | €30,021 | +€228 | +0.8% |
| Cash at bank and in hand | 54/58 | €8,637 | €28,474 | +€19,837 | +230% |
| Deferred charges and accrued income | 490/1 | €4,398 | €5,761 | +€1,363 | +31.0% |
| Total equity and liabilities | 10/49 | €195,822 | €214,020 | +€18,198 | +9.3% |
| Equity | 10/15 | €143,212 | €152,179 | +€8,967 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,612 | €133,579 | +€8,967 | +7.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €122,752 | €131,719 | +€8,967 | +7.3% |
| Amounts payable | 17/49 | €52,610 | €61,841 | +€9,231 | +17.5% |
| Amounts payable after more than one year | 17 | €19,150 | €14,232 | -€4,918 | -25.7% |
| Financial debts | 170/4 | €19,150 | €14,232 | -€4,918 | -25.7% |
| Amounts payable within one year | 42/48 | €33,460 | €47,609 | +€14,149 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €13,705 | €4,917 | -€8,788 | -64.1% |
| Financial debts | 43 | €2,719 | €2,707 | -€12 | -0.4% |
| Credit institutions | 430/8 | €2,719 | €2,707 | -€12 | -0.4% |
| Trade debts | 44 | €2,066 | €21,344 | +€19,278 | +933% |
| Suppliers | 440/4 | €2,066 | €21,344 | +€19,278 | +933% |
| Taxes, remuneration and social security | 45 | €5,792 | €9,422 | +€3,630 | +62.7% |
| Taxes | 450/3 | €697 | €9,422 | +€8,725 | +1,252% |
| Remuneration and social security | 454/9 | €5,095 | - | -€5,095 | |
| Other amounts payable | 47/48 | €9,178 | €9,219 | +€41 | +0.4% |
| Non-recurring operating income | 76A | €5,372 | - | -€5,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,448 | €12,870 | +€3,422 | +36.2% |
| Other operating charges | 640/8 | €5,228 | €5,480 | +€252 | +4.8% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €26,775 | €38,867 | +€12,092 | +45.2% |
| Operating profit (loss) | 9901 | €11,983 | €20,517 | +€8,534 | +71.2% |
| Financial income | 75/76B | €286 | €356 | +€70 | +24.5% |
| Recurring financial income | 75 | €286 | €356 | +€70 | +24.5% |
| Financial charges | 65/66B | €2,332 | €2,311 | -€21 | -0.9% |
| Recurring financial charges | 65 | €2,332 | €2,311 | -€21 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €9,937 | €18,562 | +€8,625 | +86.8% |
| Income taxes | 67/77 | €3,171 | €6,263 | +€3,092 | +97.5% |
| Profit (loss) for the period | 9904 | €6,766 | €12,299 | +€5,533 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,766 | €12,299 | +€5,533 | +81.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.