ABETO: what changed
ABETO
Largest movements
- Cash +€378,989
up €378,989 (+484%), from €78,242 to €457,232
mainly Net result for the year (+€210,689) and Current investments (+€116,612)
- Current investments -€116,612
down €116,612 (-60.6%), from €192,277 to €75,665
- Tangible fixed assets -€21,945
down €21,945 (-6.2%), from €354,898 to €332,953
of which Land and buildings: -€191,420
- Stocks and contracts +€21,098
up €21,098 (+38.9%), from €54,171 to €75,269
of which Contracts in progress: +€38,598
- Receivables within one year -€14,430
down €14,430 (-8.8%), from €163,738 to €149,308
of which Trade receivables: -€46,946
- Reserves +€210,689
up €210,689 (+32.7%), from €643,967 to €854,657
- Tax, wage and social debts +€24,514
up €24,514 (+389%), from €6,295 to €30,809
of which Taxes: +€30,048
- Debts after one year -€13,946
down €13,946 (-13.7%), from €101,843 to €87,897
- Staff costs -€70,249
down €70,249 (-47.9%), from €146,564 to €76,315
- Gross operating margin -€29,948
down €29,948 (-6.5%), from €460,671 to €430,723
- Taxes +€18,654
up €18,654 (+22.4%), from €83,347 to €102,002
- Write-downs +€7,181
new in 2025: €7,181
- Depreciation -€4,609
down €4,609 (-14.5%), from €31,776 to €27,167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €867,070 | €1,095,150 | +€228,080 | +26.3% |
| Fixed assets | 21/28 | €369,076 | €333,088 | -€35,988 | -9.8% |
| Tangible fixed assets | 22/27 | €354,898 | €332,953 | -€21,945 | -6.2% |
| Land and buildings | 22 | €269,401 | €77,981 | -€191,420 | -71.1% |
| Plant, machinery and equipment | 23 | €60,581 | €47,306 | -€13,275 | -21.9% |
| Furniture and vehicles | 24 | €5,531 | €4,165 | -€1,367 | -24.7% |
| Leasing and similar rights | 25 | €19,385 | €10,676 | -€8,709 | -44.9% |
| Assets under construction and advance payments | 27 | - | €192,825 | +€192,825 | |
| Financial fixed assets | 28 | €14,178 | €135 | -€14,043 | -99.0% |
| Current assets | 29/58 | €497,994 | €762,062 | +€264,068 | +53.0% |
| Stocks and contracts in progress | 3 | €54,171 | €75,269 | +€21,098 | +38.9% |
| Stocks | 30/36 | €27,000 | €9,500 | -€17,500 | -64.8% |
| Contracts in progress | 37 | €27,171 | €65,769 | +€38,598 | +142% |
| Amounts receivable within one year | 40/41 | €163,738 | €149,308 | -€14,430 | -8.8% |
| Trade receivables | 40 | €106,107 | €59,161 | -€46,946 | -44.2% |
| Other amounts receivable | 41 | €57,631 | €90,147 | +€32,516 | +56.4% |
| Current investments | 50/53 | €192,277 | €75,665 | -€116,612 | -60.6% |
| Cash at bank and in hand | 54/58 | €78,242 | €457,232 | +€378,989 | +484% |
| Deferred charges and accrued income | 490/1 | €9,565 | €4,588 | -€4,977 | -52.0% |
| Total equity and liabilities | 10/49 | €867,070 | €1,095,150 | +€228,080 | +26.3% |
| Equity | 10/15 | €650,908 | €861,598 | +€210,689 | +32.4% |
| Contributions | 10/11 | €6,941 | €6,941 | = | 0.0% |
| Reserves | 13 | €643,967 | €854,657 | +€210,689 | +32.7% |
| Distributable reserves | 133 | €643,967 | €854,657 | +€210,689 | +32.7% |
| Amounts payable | 17/49 | €216,161 | €233,552 | +€17,391 | +8.0% |
| Amounts payable after more than one year | 17 | €101,843 | €87,897 | -€13,946 | -13.7% |
| Financial debts | 170/4 | €101,843 | €87,897 | -€13,946 | -13.7% |
| Amounts payable within one year | 42/48 | €114,318 | €145,655 | +€31,337 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €13,602 | €13,946 | +€344 | +2.5% |
| Trade debts | 44 | €94,422 | €100,901 | +€6,479 | +6.9% |
| Suppliers | 440/4 | €94,422 | €100,901 | +€6,479 | +6.9% |
| Taxes, remuneration and social security | 45 | €6,295 | €30,809 | +€24,514 | +389% |
| Taxes | 450/3 | €761 | €30,809 | +€30,048 | +3,951% |
| Remuneration and social security | 454/9 | €5,535 | - | -€5,535 | |
| Remuneration, social security and pensions | 62 | €146,564 | €76,315 | -€70,249 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,776 | €27,167 | -€4,609 | -14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,181 | +€7,181 | |
| Other operating charges | 640/8 | €6,171 | €5,925 | -€246 | -4.0% |
| Gross operating margin | 9900 | €460,671 | €430,723 | -€29,948 | -6.5% |
| Operating profit (loss) | 9901 | €276,160 | €314,136 | +€37,976 | +13.8% |
| Financial income | 75/76B | €3,677 | €7,575 | +€3,899 | +106% |
| Recurring financial income | 75 | €3,677 | €7,575 | +€3,899 | +106% |
| Financial charges | 65/66B | €8,859 | €9,020 | +€161 | +1.8% |
| Recurring financial charges | 65 | €8,468 | €8,511 | +€44 | +0.5% |
| Non-recurring financial charges | 66B | €391 | €509 | +€118 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €270,978 | €312,691 | +€41,713 | +15.4% |
| Income taxes | 67/77 | €83,347 | €102,002 | +€18,654 | +22.4% |
| Profit (loss) for the period | 9904 | €187,630 | €210,689 | +€23,059 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €187,630 | €210,689 | +€23,059 | +12.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.