ABL: 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.
ABL
Largest movements
- Current investments +€53,819
up €53,819 (+45.1%), from €119,325 to €173,144
- Receivables within one year -€6,310
down €6,310 (-34.9%), from €18,097 to €11,787
of which Trade receivables: -€6,682
- Cash -€5,072
down €5,072 (-8.9%), from €56,718 to €51,646
mainly Current investments (-€53,819) and Tax, wage and social debts (-€3,707)
- Reserves +€34,130
up €34,130 (+26.0%), from €131,128 to €165,258
- Other debts +€11,334
up €11,334 (+27.7%), from €40,864 to €52,198
- Tax, wage and social debts -€3,707
down €3,707 (-80.9%), from €4,581 to €874
- Gross operating margin -€18,693
down €18,693 (-30.9%), from €60,424 to €41,731
- Turnover -€18,505
down €18,505 (-21.4%), from €86,571 to €68,066
- Taxes -€5,864
down €5,864 (-29.4%), from €19,933 to €14,069
- Financial income +€4,702
up €4,702 (+137%), from €3,433 to €8,135
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
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 | €196,618 | €238,382 | +€41,764 | +21.2% |
| Fixed assets | 21/28 | €2,478 | €1,805 | -€673 | -27.2% |
| Tangible fixed assets | 22/27 | €2,478 | €1,805 | -€673 | -27.2% |
| Plant, machinery and equipment | 23 | €1,157 | €861 | -€296 | -25.6% |
| Furniture and vehicles | 24 | €1,321 | €944 | -€377 | -28.5% |
| Current assets | 29/58 | €194,140 | €236,577 | +€42,437 | +21.9% |
| Amounts receivable within one year | 40/41 | €18,097 | €11,787 | -€6,310 | -34.9% |
| Trade receivables | 40 | €18,092 | €11,410 | -€6,682 | -36.9% |
| Other amounts receivable | 41 | €5 | €377 | +€372 | +7,440% |
| Current investments | 50/53 | €119,325 | €173,144 | +€53,819 | +45.1% |
| Cash at bank and in hand | 54/58 | €56,718 | €51,646 | -€5,072 | -8.9% |
| Total equity and liabilities | 10/49 | €196,618 | €238,382 | +€41,764 | +21.2% |
| Equity | 10/15 | €151,128 | €185,258 | +€34,130 | +22.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €131,128 | €165,258 | +€34,130 | +26.0% |
| Distributable reserves | 133 | €131,128 | €165,258 | +€34,130 | +26.0% |
| Amounts payable | 17/49 | €45,490 | €53,124 | +€7,634 | +16.8% |
| Amounts payable within one year | 42/48 | €45,490 | €53,124 | +€7,634 | +16.8% |
| Trade debts | 44 | €45 | €52 | +€7 | +15.6% |
| Suppliers | 440/4 | €45 | €52 | +€7 | +15.6% |
| Taxes, remuneration and social security | 45 | €4,581 | €874 | -€3,707 | -80.9% |
| Taxes | 450/3 | €4,581 | €874 | -€3,707 | -80.9% |
| Other amounts payable | 47/48 | €40,864 | €52,198 | +€11,334 | +27.7% |
| Turnover | 70 | €86,571 | €68,066 | -€18,505 | -21.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,147 | €26,335 | +€188 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213 | €673 | +€460 | +216% |
| Other operating charges | 640/8 | €535 | €387 | -€148 | -27.7% |
| Gross operating margin | 9900 | €60,424 | €41,731 | -€18,693 | -30.9% |
| Operating profit (loss) | 9901 | €59,676 | €40,671 | -€19,005 | -31.8% |
| Financial income | 75/76B | €3,433 | €8,135 | +€4,702 | +137% |
| Recurring financial income | 75 | €3,433 | €8,135 | +€4,702 | +137% |
| Financial charges | 65/66B | €64 | €607 | +€543 | +848% |
| Recurring financial charges | 65 | €64 | €607 | +€543 | +848% |
| Profit (loss) for the period before taxes | 9903 | €63,045 | €48,199 | -€14,846 | -23.5% |
| Income taxes | 67/77 | €19,933 | €14,069 | -€5,864 | -29.4% |
| Profit (loss) for the period | 9904 | €43,112 | €34,130 | -€8,982 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,112 | €34,130 | -€8,982 | -20.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.