ABESCO: 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.
ABESCO
Largest movements
- Receivables within one year -€114,916
down €114,916 (-10.7%), from €1.1m to €960,884
of which Trade receivables: -€96,168
- Tangible fixed assets -€32,996
down €32,996 (-8.3%), from €396,889 to €363,894
of which Land and buildings: -€17,451
- Stocks and contracts -€30,263
down €30,263 (-50.2%), from €60,263 to €30,000
- Cash -€27,637
down €27,637 (-12.8%), from €215,706 to €188,069
mainly Trade debts (-€171,355) and Contributions, distributions and other (-€76,063)
- Trade debts -€171,355
down €171,355 (-28.2%), from €607,901 to €436,546
- Tax, wage and social debts -€70,297
down €70,297 (-20.4%), from €344,021 to €273,724
of which Remuneration and social security: -€51,035
- Other debts +€61,777
up €61,777 (+432.4%), from €14,286 to €76,063
- Short-term financial debts +€51,425
up €51,425 (+135.5%), from €37,956 to €89,381
- Reserves -€29,011
down €29,011 (-4.2%), from €690,035 to €661,023
of which Distributable reserves: -€29,011
- Gross operating margin +€92,434
up €92,434 (+5.1%), from €1.8m to €1.9m
- Staff costs +€26,823
up €26,823 (+1.6%), from €1.7m to €1.7m
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 | €1,880,504 | €1,678,446 | -€202,058 | -10.7% |
| Fixed assets | 21/28 | €487,175 | €456,192 | -€30,983 | -6.4% |
| Intangible fixed assets | 21 | - | €8,433 | +€8,433 | |
| Tangible fixed assets | 22/27 | €396,889 | €363,894 | -€32,996 | -8.3% |
| Land and buildings | 22 | €350,170 | €332,720 | -€17,451 | -5.0% |
| Plant, machinery and equipment | 23 | €30 | €0 | -€30 | -100.0% |
| Furniture and vehicles | 24 | €46,690 | €31,174 | -€15,515 | -33.2% |
| Financial fixed assets | 28 | €90,286 | €83,865 | -€6,421 | -7.1% |
| Current assets | 29/58 | €1,393,329 | €1,222,254 | -€171,075 | -12.3% |
| Stocks and contracts in progress | 3 | €60,263 | €30,000 | -€30,263 | -50.2% |
| Contracts in progress | 37 | €60,263 | €30,000 | -€30,263 | -50.2% |
| Amounts receivable within one year | 40/41 | €1,075,800 | €960,884 | -€114,916 | -10.7% |
| Trade receivables | 40 | €998,769 | €902,601 | -€96,168 | -9.6% |
| Other amounts receivable | 41 | €77,030 | €58,282 | -€18,748 | -24.3% |
| Cash at bank and in hand | 54/58 | €215,706 | €188,069 | -€27,637 | -12.8% |
| Deferred charges and accrued income | 490/1 | €41,560 | €43,301 | +€1,741 | +4.2% |
| Total equity and liabilities | 10/49 | €1,880,504 | €1,678,446 | -€202,058 | -10.7% |
| Equity | 10/15 | €799,698 | €770,687 | -€29,011 | -3.6% |
| Contributions | 10/11 | €109,664 | €109,664 | = | 0.0% |
| Reserves | 13 | €690,035 | €661,023 | -€29,011 | -4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €40,014 | €40,014 | = | 0.0% |
| Distributable reserves | 133 | €650,021 | €621,009 | -€29,011 | -4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,080,806 | €907,759 | -€173,047 | -16.0% |
| Amounts payable after more than one year | 17 | €29,545 | €4,296 | -€25,249 | -85.5% |
| Financial debts | 170/4 | €29,545 | €4,296 | -€25,249 | -85.5% |
| Amounts payable within one year | 42/48 | €1,048,761 | €900,963 | -€147,798 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €44,597 | €25,249 | -€19,348 | -43.4% |
| Financial debts | 43 | €37,956 | €89,381 | +€51,425 | +135.5% |
| Credit institutions | 430/8 | €37,956 | €89,381 | +€51,425 | +135.5% |
| Trade debts | 44 | €607,901 | €436,546 | -€171,355 | -28.2% |
| Suppliers | 440/4 | €607,901 | €436,546 | -€171,355 | -28.2% |
| Taxes, remuneration and social security | 45 | €344,021 | €273,724 | -€70,297 | -20.4% |
| Taxes | 450/3 | €97,404 | €78,142 | -€19,262 | -19.8% |
| Remuneration and social security | 454/9 | €246,617 | €195,582 | -€51,035 | -20.7% |
| Other amounts payable | 47/48 | €14,286 | €76,063 | +€61,777 | +432.4% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,680,461 | €1,707,284 | +€26,823 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,742 | €56,462 | -€4,280 | -7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,177 | €12,599 | +€6,423 | +104.0% |
| Gross operating margin | 9900 | €1,810,187 | €1,902,621 | +€92,434 | +5.1% |
| Operating profit (loss) | 9901 | €62,807 | €126,275 | +€63,468 | +101.1% |
| Financial income | 75/76B | €768 | €312 | -€456 | -59.4% |
| Recurring financial income | 75 | €768 | €312 | -€456 | -59.4% |
| Financial charges | 65/66B | €37,662 | €37,594 | -€69 | -0.2% |
| Recurring financial charges | 65 | €37,662 | €37,594 | -€69 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €25,913 | €88,993 | +€63,080 | +243.4% |
| Income taxes | 67/77 | €23,359 | €41,942 | +€18,583 | +79.6% |
| Profit (loss) for the period | 9904 | €2,553 | €47,051 | +€44,498 | +1742.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,553 | €47,051 | +€44,498 | +1742.8% |
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 11 October 2026 via checked.be.