ABIES: 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.
ABIES
Largest movements
- Receivables within one year -€74,689
down €74,689 (-38.6%), from €193,430 to €118,741
of which Other amounts receivable: -€97,515
- Cash -€61,283
down €61,283 (-39.1%), from €156,545 to €95,263
mainly Short-term financial debts (-€99,763) and Investment in fixed assets (net) (-€79,391)
- Stocks and contracts -€60,016
down €60,016 (-8.8%), from €680,317 to €620,301
- Tangible fixed assets -€54,994
down €54,994 (-17.5%), from €315,035 to €260,041
of which Other tangible fixed assets: -€28,319
- Financial fixed assets +€53,000
up €53,000 (+36.8%), from €144,050 to €197,050
- Short-term financial debts -€99,763
down €99,763 (-99.8%), from €100,000 to €237
of which Credit institutions: -€100,000
- Other debts +€78,242
up €78,242, from €0 to €78,242
- Trade debts -€65,409
down €65,409 (-66.0%), from €99,057 to €33,648
- Reserves -€65,216
down €65,216 (-7.4%), from €887,028 to €821,813
- Debts after one year -€53,870
down €53,870 (-21.9%), from €246,303 to €192,433
- Depreciation -€32,458
down €32,458 (-28.2%), from €114,998 to €82,540
- Gross operating margin -€16,393
down €16,393 (-2.3%), from €722,977 to €706,584
- Staff costs +€11,628
up €11,628 (+2.1%), from €565,583 to €577,211
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 | €1,519,220 | €1,299,605 | -€219,615 | -14.5% |
| Fixed assets | 21/28 | €461,055 | €457,906 | -€3,149 | -0.7% |
| Intangible fixed assets | 21 | €1,970 | €815 | -€1,155 | -58.6% |
| Tangible fixed assets | 22/27 | €315,035 | €260,041 | -€54,994 | -17.5% |
| Land and buildings | 22 | €2,478 | €0 | -€2,478 | -100.0% |
| Plant, machinery and equipment | 23 | €122,422 | €119,586 | -€2,836 | -2.3% |
| Furniture and vehicles | 24 | €55,503 | €39,431 | -€16,072 | -29.0% |
| Leasing and similar rights | 25 | €6,667 | €1,377 | -€5,290 | -79.3% |
| Other tangible fixed assets | 26 | €127,966 | €99,647 | -€28,319 | -22.1% |
| Financial fixed assets | 28 | €144,050 | €197,050 | +€53,000 | +36.8% |
| Current assets | 29/58 | €1,058,165 | €841,699 | -€216,466 | -20.5% |
| Stocks and contracts in progress | 3 | €680,317 | €620,301 | -€60,016 | -8.8% |
| Stocks | 30/36 | €680,317 | €620,301 | -€60,016 | -8.8% |
| Amounts receivable within one year | 40/41 | €193,430 | €118,741 | -€74,689 | -38.6% |
| Trade receivables | 40 | €63,332 | €86,158 | +€22,826 | +36.0% |
| Other amounts receivable | 41 | €130,098 | €32,583 | -€97,515 | -75.0% |
| Current investments | 50/53 | €3,704 | €0 | -€3,704 | -100.0% |
| Cash at bank and in hand | 54/58 | €156,545 | €95,263 | -€61,283 | -39.1% |
| Deferred charges and accrued income | 490/1 | €24,169 | €7,394 | -€16,775 | -69.4% |
| Total equity and liabilities | 10/49 | €1,519,220 | €1,299,605 | -€219,615 | -14.5% |
| Equity | 10/15 | €905,778 | €840,563 | -€65,216 | -7.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €887,028 | €821,813 | -€65,216 | -7.4% |
| Distributable reserves | 133 | €887,028 | €821,813 | -€65,216 | -7.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €613,441 | €459,042 | -€154,400 | -25.2% |
| Amounts payable after more than one year | 17 | €246,303 | €192,433 | -€53,870 | -21.9% |
| Financial debts | 170/4 | €246,303 | €192,433 | -€53,870 | -21.9% |
| Amounts payable within one year | 42/48 | €366,639 | €266,067 | -€100,571 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €63,151 | €53,870 | -€9,282 | -14.7% |
| Financial debts | 43 | €100,000 | €237 | -€99,763 | -99.8% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Other loans | 439 | - | €237 | +€237 | |
| Trade debts | 44 | €99,057 | €33,648 | -€65,409 | -66.0% |
| Suppliers | 440/4 | €99,057 | €33,648 | -€65,409 | -66.0% |
| Taxes, remuneration and social security | 45 | €104,431 | €100,071 | -€4,359 | -4.2% |
| Taxes | 450/3 | €34,566 | €34,808 | +€242 | +0.7% |
| Remuneration and social security | 454/9 | €69,865 | €65,264 | -€4,601 | -6.6% |
| Other amounts payable | 47/48 | €0 | €78,242 | +€78,242 | |
| Accrued charges and deferred income | 492/3 | €500 | €541 | +€41 | +8.3% |
| Non-recurring operating income | 76A | €1,376 | €0 | -€1,376 | -100.0% |
| Remuneration, social security and pensions | 62 | €565,583 | €577,211 | +€11,628 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,998 | €82,540 | -€32,458 | -28.2% |
| Other operating charges | 640/8 | €16,401 | €17,321 | +€920 | +5.6% |
| Non-recurring operating charges | 66A | €9,840 | €1,723 | -€8,116 | -82.5% |
| Gross operating margin | 9900 | €722,977 | €706,584 | -€16,393 | -2.3% |
| Operating profit (loss) | 9901 | €16,156 | €27,789 | +€11,633 | +72.0% |
| Financial income | 75/76B | €15,025 | €10,678 | -€4,347 | -28.9% |
| Recurring financial income | 75 | €15,025 | €10,678 | -€4,347 | -28.9% |
| Financial charges | 65/66B | €18,955 | €20,909 | +€1,954 | +10.3% |
| Recurring financial charges | 65 | €18,955 | €20,909 | +€1,954 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €12,226 | €17,558 | +€5,333 | +43.6% |
| Income taxes | 67/77 | €4,139 | €7,774 | +€3,635 | +87.8% |
| Profit (loss) for the period | 9904 | €8,087 | €9,784 | +€1,697 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,087 | €9,784 | +€1,697 | +21.0% |
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 10 October 2026 via checked.be.