ABJS ELEC: 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.
ABJS ELEC
Largest movements
- Receivables after one year +€207,000
new in 2025: €207,000
- Stocks and contracts +€199,073
up €199,073 (+99.7%), from €199,696 to €398,769
of which Contracts in progress: +€194,106
- Financial fixed assets -€92,418
down €92,418 (-74.3%), from €124,360 to €31,942
- Tangible fixed assets +€75,930
up €75,930 (+108.7%), from €69,839 to €145,769
of which Other tangible fixed assets: +€63,513
- Cash +€61,886
up €61,886 (+19.0%), from €325,236 to €387,122
mainly Other debts (+€616,274) and Net result for the year (+€419,704)
- Other debts +€616,274
up €616,274 (+1346.8%), from €45,758 to €662,032
- Reserves -€198,727
down €198,727 (-20.6%), from €963,776 to €765,049
- Tax, wage and social debts +€50,680
up €50,680 (+27.8%), from €182,300 to €232,980
of which Remuneration and social security: +€44,209
- Current portion of long-term debt -€24,006
down €24,006 (-100.0%), from €24,006 to €0
- Gross operating margin +€258,604
up €258,604 (+26.1%), from €991,070 to €1.2m
- Staff costs +€236,036
up €236,036 (+55.9%), from €422,166 to €658,202
- Taxes -€13,210
down €13,210 (-8.8%), from €149,510 to €136,300
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 | €1,365,594 | €1,810,757 | +€445,163 | +32.6% |
| Fixed assets | 21/28 | €194,199 | €187,037 | -€7,162 | -3.7% |
| Intangible fixed assets | 21 | - | €9,326 | +€9,326 | |
| Tangible fixed assets | 22/27 | €69,839 | €145,769 | +€75,930 | +108.7% |
| Plant, machinery and equipment | 23 | €31,604 | €43,337 | +€11,732 | +37.1% |
| Furniture and vehicles | 24 | €32,148 | €32,833 | +€685 | +2.1% |
| Other tangible fixed assets | 26 | €6,087 | €69,600 | +€63,513 | +1043.4% |
| Financial fixed assets | 28 | €124,360 | €31,942 | -€92,418 | -74.3% |
| Current assets | 29/58 | €1,171,395 | €1,623,720 | +€452,325 | +38.6% |
| Amounts receivable after more than one year | 29 | - | €207,000 | +€207,000 | |
| Other amounts receivable | 291 | - | €207,000 | +€207,000 | |
| Stocks and contracts in progress | 3 | €199,696 | €398,769 | +€199,073 | +99.7% |
| Stocks | 30/36 | €122,080 | €127,047 | +€4,967 | +4.1% |
| Contracts in progress | 37 | €77,615 | €271,721 | +€194,106 | +250.1% |
| Amounts receivable within one year | 40/41 | €636,583 | €615,129 | -€21,454 | -3.4% |
| Trade receivables | 40 | €580,147 | €606,244 | +€26,098 | +4.5% |
| Other amounts receivable | 41 | €56,436 | €8,884 | -€47,552 | -84.3% |
| Cash at bank and in hand | 54/58 | €325,236 | €387,122 | +€61,886 | +19.0% |
| Deferred charges and accrued income | 490/1 | €9,881 | €15,701 | +€5,820 | +58.9% |
| Total equity and liabilities | 10/49 | €1,365,594 | €1,810,757 | +€445,163 | +32.6% |
| Equity | 10/15 | €982,376 | €783,649 | -€198,727 | -20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €963,776 | €765,049 | -€198,727 | -20.6% |
| Distributable reserves | 133 | €963,776 | €765,049 | -€198,727 | -20.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €383,218 | €1,027,108 | +€643,890 | +168.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €383,218 | €1,027,108 | +€643,890 | +168.0% |
| Current portion of amounts payable after more than one year | 42 | €24,006 | €0 | -€24,006 | -100.0% |
| Trade debts | 44 | €130,867 | €131,808 | +€942 | +0.7% |
| Suppliers | 440/4 | €130,867 | €131,808 | +€942 | +0.7% |
| Advances received on contracts in progress | 46 | €287 | €287 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €182,300 | €232,980 | +€50,680 | +27.8% |
| Taxes | 450/3 | €114,034 | €120,505 | +€6,471 | +5.7% |
| Remuneration and social security | 454/9 | €68,266 | €112,476 | +€44,209 | +64.8% |
| Other amounts payable | 47/48 | €45,758 | €662,032 | +€616,274 | +1346.8% |
| Remuneration, social security and pensions | 62 | €422,166 | €658,202 | +€236,036 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,449 | €32,917 | +€8,468 | +34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,440 | €3,691 | +€1,251 | +51.3% |
| Gross operating margin | 9900 | €991,070 | €1,249,675 | +€258,604 | +26.1% |
| Operating profit (loss) | 9901 | €542,015 | €554,864 | +€12,849 | +2.4% |
| Financial income | 75/76B | €3,965 | €9,122 | +€5,157 | +130.1% |
| Recurring financial income | 75 | €3,965 | €9,122 | +€5,157 | +130.1% |
| Financial charges | 65/66B | €13,414 | €7,982 | -€5,433 | -40.5% |
| Recurring financial charges | 65 | €13,414 | €7,982 | -€5,433 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €532,565 | €556,004 | +€23,439 | +4.4% |
| Income taxes | 67/77 | €149,510 | €136,300 | -€13,210 | -8.8% |
| Profit (loss) for the period | 9904 | €383,055 | €419,704 | +€36,649 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €383,055 | €419,704 | +€36,649 | +9.6% |
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.