ABK'ART: 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.
ABK'ART
Largest movements
- Receivables within one year +€122,066
up €122,066 (+273%), from €44,774 to €166,840
of which Trade receivables: +€125,106
- Tangible fixed assets -€13,141
down €13,141 (-26.0%), from €50,564 to €37,422
of which Assets under construction and advance payments: -€21,599
- Current investments +€11,646
up €11,646 (+14.7%), from €79,362 to €91,008
- Deferred charges and accrued income +€4,744
up €4,744 (+431%), from €1,102 to €5,846
- Stocks and contracts +€3,419
new in 2025: €3,419
- Trade debts +€89,154
up €89,154 (+79.8%), from €111,781 to €200,934
- Other debts +€60,000
new in 2025: €60,000
- Profit (loss) carried forward -€25,291
down €25,291 (-74.3%), from €34,048 to €8,757
- Tax, wage and social debts +€4,870
up €4,870 (+21.4%), from €22,742 to €27,613
- Gross operating margin +€15,208
up €15,208 (+26.8%), from €56,694 to €71,902
- Financial charges -€10,430
down €10,430 (-94.5%), from €11,043 to €612
- Other operating charges +€4,911
up €4,911 (+161%), from €3,042 to €7,953
- Taxes +€4,400
up €4,400 (+37.9%), from €11,607 to €16,006
- Depreciation +€3,773
up €3,773 (+38.8%), from €9,716 to €13,489
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,571 | €307,304 | +€128,733 | +72.1% |
| Fixed assets | 21/28 | €53,333 | €40,191 | -€13,141 | -24.6% |
| Tangible fixed assets | 22/27 | €50,564 | €37,422 | -€13,141 | -26.0% |
| Furniture and vehicles | 24 | €1,893 | €849 | -€1,043 | -55.1% |
| Leasing and similar rights | 25 | €27,072 | €36,573 | +€9,501 | +35.1% |
| Assets under construction and advance payments | 27 | €21,599 | - | -€21,599 | |
| Financial fixed assets | 28 | €2,769 | €2,769 | = | 0.0% |
| Current assets | 29/58 | €125,238 | €267,112 | +€141,874 | +113% |
| Stocks and contracts in progress | 3 | - | €3,419 | +€3,419 | |
| Stocks | 30/36 | - | €3,419 | +€3,419 | |
| Amounts receivable within one year | 40/41 | €44,774 | €166,840 | +€122,066 | +273% |
| Trade receivables | 40 | €21,169 | €146,275 | +€125,106 | +591% |
| Other amounts receivable | 41 | €23,606 | €20,565 | -€3,040 | -12.9% |
| Current investments | 50/53 | €79,362 | €91,008 | +€11,646 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,102 | €5,846 | +€4,744 | +431% |
| Total equity and liabilities | 10/49 | €178,571 | €307,304 | +€128,733 | +72.1% |
| Equity | 10/15 | €44,048 | €18,757 | -€25,291 | -57.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,048 | €8,757 | -€25,291 | -74.3% |
| Amounts payable | 17/49 | €134,523 | €288,547 | +€154,024 | +114% |
| Amounts payable within one year | 42/48 | €134,523 | €288,547 | +€154,024 | +114% |
| Trade debts | 44 | €111,781 | €200,934 | +€89,154 | +79.8% |
| Suppliers | 440/4 | €111,781 | €200,934 | +€89,154 | +79.8% |
| Taxes, remuneration and social security | 45 | €22,742 | €27,613 | +€4,870 | +21.4% |
| Taxes | 450/3 | €22,742 | €27,613 | +€4,870 | +21.4% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,716 | €13,489 | +€3,773 | +38.8% |
| Other operating charges | 640/8 | €3,042 | €7,953 | +€4,911 | +161% |
| Non-recurring operating charges | 66A | €736 | - | -€736 | |
| Gross operating margin | 9900 | €56,694 | €71,902 | +€15,208 | +26.8% |
| Operating profit (loss) | 9901 | €43,201 | €50,460 | +€7,259 | +16.8% |
| Financial income | 75/76B | €461 | €867 | +€406 | +88.0% |
| Recurring financial income | 75 | €461 | €867 | +€406 | +88.0% |
| Financial charges | 65/66B | €11,043 | €612 | -€10,430 | -94.5% |
| Recurring financial charges | 65 | €11,043 | €612 | -€10,430 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | €32,619 | €50,715 | +€18,096 | +55.5% |
| Income taxes | 67/77 | €11,607 | €16,006 | +€4,400 | +37.9% |
| Profit (loss) for the period | 9904 | €21,013 | €34,709 | +€13,696 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,013 | €34,709 | +€13,696 | +65.2% |
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 24 October 2026 via checked.be.