ABERON PROJECTS: 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.
ABERON PROJECTS
Largest movements
- Current investments +€37,650
up €37,650 (+39.6%), from €95,000 to €132,650
- Cash -€19,273
down €19,273 (-28.0%), from €68,804 to €49,531
mainly Contributions, distributions and other (-€52,000) and Current investments (-€37,650)
- Tangible fixed assets +€18,845
up €18,845 (+5.1%), from €371,726 to €390,571
of which Land and buildings: +€18,368
- Receivables within one year -€10,309
down €10,309 (-16.1%), from €63,932 to €53,623
of which Trade receivables: -€10,000
- Other debts +€34,583
up €34,583 (+239.8%), from €14,421 to €49,004
- Reserves -€12,432
down €12,432 (-4.4%), from €280,514 to €268,082
of which Distributable reserves: -€12,432
- Gross operating margin -€16,694
down €16,694 (-16.0%), from €104,275 to €87,581
- Depreciation -€4,032
down €4,032 (-17.9%), from €22,559 to €18,528
- Taxes -€2,953
down €2,953 (-16.3%), from €18,097 to €15,144
- Financial charges -€1,725
down €1,725 (-12.4%), from €13,892 to €12,167
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 | €603,711 | €629,939 | +€26,227 | +4.3% |
| Fixed assets | 21/28 | €371,726 | €390,571 | +€18,845 | +5.1% |
| Tangible fixed assets | 22/27 | €371,726 | €390,571 | +€18,845 | +5.1% |
| Land and buildings | 22 | €347,827 | €366,195 | +€18,368 | +5.3% |
| Plant, machinery and equipment | 23 | €23,899 | €17,488 | -€6,411 | -26.8% |
| Furniture and vehicles | 24 | - | €6,888 | +€6,888 | |
| Current assets | 29/58 | €231,985 | €239,368 | +€7,383 | +3.2% |
| Amounts receivable within one year | 40/41 | €63,932 | €53,623 | -€10,309 | -16.1% |
| Trade receivables | 40 | €61,000 | €51,000 | -€10,000 | -16.4% |
| Other amounts receivable | 41 | €2,932 | €2,623 | -€309 | -10.5% |
| Current investments | 50/53 | €95,000 | €132,650 | +€37,650 | +39.6% |
| Cash at bank and in hand | 54/58 | €68,804 | €49,531 | -€19,273 | -28.0% |
| Deferred charges and accrued income | 490/1 | €4,249 | €3,563 | -€686 | -16.1% |
| Total equity and liabilities | 10/49 | €603,711 | €629,939 | +€26,227 | +4.3% |
| Equity | 10/15 | €411,139 | €398,707 | -€12,432 | -3.0% |
| Contributions | 10/11 | €130,625 | €130,625 | = | 0.0% |
| Reserves | 13 | €280,514 | €268,082 | -€12,432 | -4.4% |
| Tax-exempt reserves | 132 | €12,107 | €12,107 | = | 0.0% |
| Distributable reserves | 133 | €268,407 | €255,974 | -€12,432 | -4.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €192,572 | €231,232 | +€38,659 | +20.1% |
| Amounts payable after more than one year | 17 | €170,000 | €170,000 | = | 0.0% |
| Other amounts payable | 178/9 | €170,000 | €170,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,572 | €61,232 | +€38,659 | +171.3% |
| Trade debts | 44 | €979 | €284 | -€695 | -71.0% |
| Suppliers | 440/4 | €979 | €284 | -€695 | -71.0% |
| Taxes, remuneration and social security | 45 | €7,172 | €11,944 | +€4,772 | +66.5% |
| Taxes | 450/3 | €7,172 | €7,444 | +€272 | +3.8% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €14,421 | €49,004 | +€34,583 | +239.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,559 | €18,528 | -€4,032 | -17.9% |
| Other operating charges | 640/8 | €2,192 | €2,264 | +€73 | +3.3% |
| Gross operating margin | 9900 | €104,275 | €87,581 | -€16,694 | -16.0% |
| Operating profit (loss) | 9901 | €79,524 | €66,789 | -€12,735 | -16.0% |
| Financial income | 75/76B | €282 | €89 | -€192 | -68.2% |
| Recurring financial income | 75 | €282 | €89 | -€192 | -68.2% |
| Financial charges | 65/66B | €13,892 | €12,167 | -€1,725 | -12.4% |
| Recurring financial charges | 65 | €13,892 | €12,167 | -€1,725 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €65,913 | €54,711 | -€11,202 | -17.0% |
| Income taxes | 67/77 | €18,097 | €15,144 | -€2,953 | -16.3% |
| Profit (loss) for the period | 9904 | €47,817 | €39,568 | -€8,249 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,817 | €39,568 | -€8,249 | -17.3% |
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 5 October 2026 via checked.be.