ABKO: 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.
ABKO
Largest movements
- Tangible fixed assets +€144,751
up €144,751 (+76.3%), from €189,680 to €334,431
of which Land and buildings: +€162,382
- Cash +€32,835
up €32,835 (+124.4%), from €26,391 to €59,227
mainly Debts after one year (+€229,712) and Net result for the year (+€57,583)
- Receivables within one year -€20,325
down €20,325 (-35.2%), from €57,699 to €37,373
of which Other amounts receivable: -€21,801
- Deferred charges and accrued income +€6,218
new in 2025: €6,218
- Debts after one year +€229,712
up €229,712 (+1008.7%), from €22,773 to €252,485
- Current portion of long-term debt -€107,514
down €107,514 (-79.7%), from €134,976 to €27,462
- Profit (loss) carried forward +€36,583
up €36,583 (+37.8%), from €96,815 to €133,398
- Tax, wage and social debts +€4,831
up €4,831 (+53.8%), from €8,979 to €13,810
- Gross operating margin +€38,007
up €38,007 (+49.8%), from €76,276 to €114,283
- Other operating charges -€18,065
down €18,065 (-93.9%), from €19,236 to €1,171
- Financial charges +€11,870
up €11,870 (+1081.1%), from €1,098 to €12,968
- Taxes +€8,449
up €8,449 (+106.9%), from €7,905 to €16,354
- Staff costs +€3,657
new in 2025: €3,657
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 | €273,770 | €437,249 | +€163,479 | +59.7% |
| Fixed assets | 21/28 | €189,680 | €334,431 | +€144,751 | +76.3% |
| Tangible fixed assets | 22/27 | €189,680 | €334,431 | +€144,751 | +76.3% |
| Land and buildings | 22 | €145,217 | €307,599 | +€162,382 | +111.8% |
| Plant, machinery and equipment | 23 | €2,535 | €2,275 | -€260 | -10.3% |
| Furniture and vehicles | 24 | €41,929 | €24,557 | -€17,371 | -41.4% |
| Current assets | 29/58 | €84,090 | €102,818 | +€18,728 | +22.3% |
| Amounts receivable within one year | 40/41 | €57,699 | €37,373 | -€20,325 | -35.2% |
| Trade receivables | 40 | €35,237 | €36,713 | +€1,476 | +4.2% |
| Other amounts receivable | 41 | €22,462 | €661 | -€21,801 | -97.1% |
| Cash at bank and in hand | 54/58 | €26,391 | €59,227 | +€32,835 | +124.4% |
| Deferred charges and accrued income | 490/1 | - | €6,218 | +€6,218 | |
| Total equity and liabilities | 10/49 | €273,770 | €437,249 | +€163,479 | +59.7% |
| Equity | 10/15 | €99,315 | €135,898 | +€36,583 | +36.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,815 | €133,398 | +€36,583 | +37.8% |
| Amounts payable | 17/49 | €174,455 | €301,351 | +€126,896 | +72.7% |
| Amounts payable after more than one year | 17 | €22,773 | €252,485 | +€229,712 | +1008.7% |
| Financial debts | 170/4 | €22,773 | €252,485 | +€229,712 | +1008.7% |
| Amounts payable within one year | 42/48 | €151,683 | €48,866 | -€102,816 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €134,976 | €27,462 | -€107,514 | -79.7% |
| Trade debts | 44 | €7,727 | €7,258 | -€469 | -6.1% |
| Suppliers | 440/4 | €7,727 | €7,258 | -€469 | -6.1% |
| Taxes, remuneration and social security | 45 | €8,979 | €13,810 | +€4,831 | +53.8% |
| Taxes | 450/3 | €8,979 | €13,810 | +€4,831 | +53.8% |
| Other amounts payable | 47/48 | - | €336 | +€336 | |
| Remuneration, social security and pensions | 62 | - | €3,657 | +€3,657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,747 | €22,676 | +€1,929 | +9.3% |
| Other operating charges | 640/8 | €19,236 | €1,171 | -€18,065 | -93.9% |
| Gross operating margin | 9900 | €76,276 | €114,283 | +€38,007 | +49.8% |
| Operating profit (loss) | 9901 | €36,293 | €86,779 | +€50,486 | +139.1% |
| Financial income | 75/76B | - | €126 | +€126 | |
| Recurring financial income | 75 | - | €126 | +€126 | |
| Financial charges | 65/66B | €1,098 | €12,968 | +€11,870 | +1081.1% |
| Recurring financial charges | 65 | €1,098 | €12,968 | +€11,870 | +1081.1% |
| Profit (loss) for the period before taxes | 9903 | €35,195 | €73,937 | +€38,741 | +110.1% |
| Income taxes | 67/77 | €7,905 | €16,354 | +€8,449 | +106.9% |
| Profit (loss) for the period | 9904 | €27,291 | €57,583 | +€30,292 | +111.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,291 | €57,583 | +€30,292 | +111.0% |
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 1 October 2026 via checked.be.