ABIPCO: 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.
ABIPCO
Largest movements
- Tangible fixed assets +€287,833
up €287,833 (+11.1%), from €2.6m to €2.9m
of which Land and buildings: +€279,675
- Cash +€63,100
up €63,100 (+187.8%), from €33,603 to €96,704
- Reserves +€169,070
up €169,070 (+59.1%), from €286,082 to €455,152
- Other debts +€147,133
up €147,133 (+61.2%), from €240,470 to €387,603
- Profit (loss) carried forward +€103,590
up €103,590 (+50.5%), from -€205,033 to -€101,443
- Accrued charges and deferred income -€90,758
down €90,758 (-93.0%), from €97,573 to €6,815
- Debts after one year -€79,150
down €79,150 (-5.3%), from €1.5m to €1.4m
- Gross operating margin +€560,155
up €560,155 (+1238.3%), from €45,236 to €605,391
- Depreciation +€60,157
up €60,157 (+89.0%), from €67,568 to €127,725
- Taxes +€31,443
up €31,443 (+8759.4%), from €359 to €31,802
- Financial charges +€19,965
up €19,965 (+23.4%), from €85,243 to €105,208
- Other operating charges -€9,003
down €9,003 (-43.6%), from €20,643 to €11,640
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,636,760 | €3,002,141 | +€365,381 | +13.9% |
| Fixed assets | 21/28 | €2,603,156 | €2,890,989 | +€287,833 | +11.1% |
| Tangible fixed assets | 22/27 | €2,603,156 | €2,890,989 | +€287,833 | +11.1% |
| Land and buildings | 22 | €2,603,156 | €2,882,832 | +€279,675 | +10.7% |
| Furniture and vehicles | 24 | - | €8,157 | +€8,157 | |
| Current assets | 29/58 | €33,603 | €111,152 | +€77,548 | +230.8% |
| Amounts receivable within one year | 40/41 | - | €13,198 | +€13,198 | |
| Other amounts receivable | 41 | - | €13,198 | +€13,198 | |
| Cash at bank and in hand | 54/58 | €33,603 | €96,704 | +€63,100 | +187.8% |
| Deferred charges and accrued income | 490/1 | - | €1,250 | +€1,250 | |
| Total equity and liabilities | 10/49 | €2,636,760 | €3,002,141 | +€365,381 | +13.9% |
| Equity | 10/15 | €631,050 | €903,710 | +€272,660 | +43.2% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €286,082 | €455,152 | +€169,070 | +59.1% |
| Tax-exempt reserves | 132 | €286,082 | €455,152 | +€169,070 | +59.1% |
| Profit (loss) carried forward | 14 | -€205,033 | -€101,443 | +€103,590 | +50.5% |
| Provisions and deferred taxes | 16 | €95,361 | €151,717 | +€56,357 | +59.1% |
| Deferred taxes | 168 | €95,361 | €151,717 | +€56,357 | +59.1% |
| Amounts payable | 17/49 | €1,910,349 | €1,946,714 | +€36,365 | +1.9% |
| Amounts payable after more than one year | 17 | €1,502,148 | €1,422,998 | -€79,150 | -5.3% |
| Financial debts | 170/4 | €1,502,148 | €1,422,998 | -€79,150 | -5.3% |
| Amounts payable within one year | 42/48 | €310,628 | €516,900 | +€206,272 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €59,362 | €59,362 | = | 0.0% |
| Trade debts | 44 | €10,437 | €21,999 | +€11,562 | +110.8% |
| Suppliers | 440/4 | €10,437 | €21,999 | +€11,562 | +110.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €359 | €47,936 | +€47,577 | +13254.1% |
| Taxes | 450/3 | €359 | €47,936 | +€47,577 | +13254.1% |
| Other amounts payable | 47/48 | €240,470 | €387,603 | +€147,133 | +61.2% |
| Accrued charges and deferred income | 492/3 | €97,573 | €6,815 | -€90,758 | -93.0% |
| Non-recurring operating income | 76A | - | €491,634 | +€491,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,568 | €127,725 | +€60,157 | +89.0% |
| Other operating charges | 640/8 | €20,643 | €11,640 | -€9,003 | -43.6% |
| Gross operating margin | 9900 | €45,236 | €605,391 | +€560,155 | +1238.3% |
| Operating profit (loss) | 9901 | -€42,974 | €466,026 | +€509,001 | |
| Financial charges | 65/66B | €85,243 | €105,208 | +€19,965 | +23.4% |
| Recurring financial charges | 65 | €85,243 | €105,208 | +€19,965 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€128,217 | €360,818 | +€489,036 | |
| Transfer from deferred taxes | 780 | €31,177 | €4,510 | -€26,667 | -85.5% |
| Transfer to deferred taxes | 680 | - | €60,866 | +€60,866 | |
| Income taxes | 67/77 | €359 | €31,802 | +€31,443 | +8759.4% |
| Profit (loss) for the period | 9904 | -€97,399 | €272,660 | +€370,059 | |
| Transfer from tax-exempt reserves | 789 | €93,531 | €13,529 | -€80,002 | -85.5% |
| Transfer to tax-exempt reserves | 689 | - | €182,599 | +€182,599 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,869 | €103,590 | +€107,459 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.