ABG: 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.
ABG
Largest movements
- Tangible fixed assets -€42,669
down €42,669 (-6.3%), from €679,472 to €636,803
of which Land and buildings: -€33,512
- Receivables within one year +€37,023
up €37,023 (+29.4%), from €125,960 to €162,982
of which Trade receivables: +€30,992
- Stocks and contracts -€19,095
down €19,095 (-64.5%), from €29,618 to €10,523
of which Contracts in progress: -€20,994
- Other debts -€151,120
down €151,120 (-85.8%), from €176,194 to €25,074
- Reserves +€98,490
up €98,490 (+40.8%), from €241,110 to €339,599
- Debts after one year -€31,830
down €31,830 (-6.3%), from €501,503 to €469,673
- Tax, wage and social debts +€29,279
up €29,279 (+155.1%), from €18,881 to €48,161
of which Taxes: +€28,608
- Trade debts +€25,483
up €25,483 (+499.6%), from €5,101 to €30,584
- Gross operating margin +€156,254
up €156,254 (+72.9%), from €214,352 to €370,606
- Financial charges -€37,403
down €37,403 (-64.2%), from €58,232 to €20,829
- Taxes +€27,652
up €27,652 (+68.7%), from €40,270 to €67,922
- Depreciation +€21,094
up €21,094 (+64.3%), from €32,824 to €53,918
- Staff costs +€5,575
up €5,575, from -€848 to €4,727
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 | €997,112 | €963,521 | -€33,591 | -3.4% |
| Fixed assets | 21/28 | €681,347 | €638,678 | -€42,669 | -6.3% |
| Tangible fixed assets | 22/27 | €679,472 | €636,803 | -€42,669 | -6.3% |
| Land and buildings | 22 | €626,479 | €592,967 | -€33,512 | -5.3% |
| Plant, machinery and equipment | 23 | €1,308 | €654 | -€654 | -50.0% |
| Furniture and vehicles | 24 | €44,665 | €36,747 | -€7,918 | -17.7% |
| Other tangible fixed assets | 26 | €7,020 | €6,435 | -€585 | -8.3% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €315,765 | €324,843 | +€9,078 | +2.9% |
| Stocks and contracts in progress | 3 | €29,618 | €10,523 | -€19,095 | -64.5% |
| Stocks | 30/36 | €8,624 | €10,523 | +€1,898 | +22.0% |
| Contracts in progress | 37 | €20,994 | €0 | -€20,994 | -100.0% |
| Amounts receivable within one year | 40/41 | €125,960 | €162,982 | +€37,023 | +29.4% |
| Trade receivables | 40 | €112,113 | €143,105 | +€30,992 | +27.6% |
| Other amounts receivable | 41 | €13,847 | €19,877 | +€6,030 | +43.5% |
| Cash at bank and in hand | 54/58 | €160,188 | €151,338 | -€8,850 | -5.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €997,112 | €963,521 | -€33,591 | -3.4% |
| Equity | 10/15 | €259,710 | €358,199 | +€98,490 | +37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,110 | €339,599 | +€98,490 | +40.8% |
| Distributable reserves | 133 | €241,110 | €339,599 | +€98,490 | +40.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €737,403 | €605,322 | -€132,081 | -17.9% |
| Amounts payable after more than one year | 17 | €501,503 | €469,673 | -€31,830 | -6.3% |
| Financial debts | 170/4 | €501,503 | €469,673 | -€31,830 | -6.3% |
| Amounts payable within one year | 42/48 | €233,750 | €135,649 | -€98,101 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €33,574 | €31,830 | -€1,745 | -5.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,101 | €30,584 | +€25,483 | +499.6% |
| Suppliers | 440/4 | €5,101 | €30,584 | +€25,483 | +499.6% |
| Taxes, remuneration and social security | 45 | €18,881 | €48,161 | +€29,279 | +155.1% |
| Taxes | 450/3 | €17,065 | €45,673 | +€28,608 | +167.6% |
| Remuneration and social security | 454/9 | €1,816 | €2,487 | +€671 | +37.0% |
| Other amounts payable | 47/48 | €176,194 | €25,074 | -€151,120 | -85.8% |
| Accrued charges and deferred income | 492/3 | €2,150 | €0 | -€2,150 | -100.0% |
| Non-recurring operating income | 76A | €1,810 | €0 | -€1,810 | -100.0% |
| Remuneration, social security and pensions | 62 | -€848 | €4,727 | +€5,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,824 | €53,918 | +€21,094 | +64.3% |
| Other operating charges | 640/8 | €3,825 | €2,890 | -€935 | -24.4% |
| Non-recurring operating charges | 66A | €0 | €81,270 | +€81,270 | |
| Gross operating margin | 9900 | €214,352 | €370,606 | +€156,254 | +72.9% |
| Operating profit (loss) | 9901 | €178,551 | €227,800 | +€49,249 | +27.6% |
| Financial income | 75/76B | €362 | €0 | -€362 | -100.0% |
| Recurring financial income | 75 | €362 | €0 | -€362 | -100.0% |
| Financial charges | 65/66B | €58,232 | €20,829 | -€37,403 | -64.2% |
| Recurring financial charges | 65 | €58,232 | €20,829 | -€37,403 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €120,681 | €206,971 | +€86,290 | +71.5% |
| Income taxes | 67/77 | €40,270 | €67,922 | +€27,652 | +68.7% |
| Profit (loss) for the period | 9904 | €80,411 | €139,049 | +€58,638 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,411 | €139,049 | +€58,638 | +72.9% |
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 7 October 2026 via checked.be.