ABLE: 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.
ABLE
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+160,676%), from €996 to €1.6m
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Tangible fixed assets +€332,352
up €332,352 (+97.0%), from €342,528 to €674,880
of which Other tangible fixed assets: +€258,360
- Cash -€116,661
down €116,661 (-26.7%), from €437,361 to €320,700
mainly Investment in fixed assets (net) (-€2.0m) and Net result for the year (-€126,283)
- Receivables within one year +€44,078
up €44,078 (+15.0%), from €293,794 to €337,872
of which Trade receivables: +€35,996
- Contributions +€600,000
up €600,000 (+89.8%), from €668,202 to €1.3m
- Debts after one year +€152,099
up €152,099 (+90.1%), from €168,758 to €320,857
- Accrued charges and deferred income +€145,349
up €145,349 (+20.0%), from €725,455 to €870,803
- Reserves -€126,283
down €126,283 (-58.5%), from €216,004 to €89,720
- Current portion of long-term debt +€64,211
up €64,211 (+310%), from €20,697 to €84,908
- Staff costs +€221,704
up €221,704 (+14.8%), from €1.5m to €1.7m
- Gross operating margin +€102,517
up €102,517 (+6.3%), from €1.6m to €1.7m
- Depreciation +€27,057
up €27,057 (+31.0%), from €87,161 to €114,218
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 | €2,337,292 | €3,173,696 | +€836,404 | +35.8% |
| Fixed assets | 21/28 | €345,622 | €2,275,985 | +€1.9m | +559% |
| Intangible fixed assets | 21 | €2,098 | €109 | -€1,989 | -94.8% |
| Tangible fixed assets | 22/27 | €342,528 | €674,880 | +€332,352 | +97.0% |
| Plant, machinery and equipment | 23 | €113,049 | €181,317 | +€68,267 | +60.4% |
| Furniture and vehicles | 24 | €12,028 | €17,753 | +€5,725 | +47.6% |
| Other tangible fixed assets | 26 | €217,451 | €475,811 | +€258,360 | +119% |
| Financial fixed assets | 28 | €996 | €1,600,996 | +€1.6m | +160,676% |
| Current assets | 29/58 | €1,991,670 | €897,711 | -€1.1m | -54.9% |
| Stocks and contracts in progress | 3 | €213,411 | €193,221 | -€20,190 | -9.5% |
| Stocks | 30/36 | €213,411 | €193,221 | -€20,190 | -9.5% |
| Amounts receivable within one year | 40/41 | €293,794 | €337,872 | +€44,078 | +15.0% |
| Trade receivables | 40 | €274,102 | €310,098 | +€35,996 | +13.1% |
| Other amounts receivable | 41 | €19,692 | €27,774 | +€8,082 | +41.0% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €437,361 | €320,700 | -€116,661 | -26.7% |
| Deferred charges and accrued income | 490/1 | €47,105 | €45,918 | -€1,187 | -2.5% |
| Total equity and liabilities | 10/49 | €2,337,292 | €3,173,696 | +€836,404 | +35.8% |
| Equity | 10/15 | €934,206 | €1,357,922 | +€423,717 | +45.4% |
| Contributions | 10/11 | €668,202 | €1,268,202 | +€600,000 | +89.8% |
| Reserves | 13 | €216,004 | €89,720 | -€126,283 | -58.5% |
| Distributable reserves | 133 | €216,004 | €89,720 | -€126,283 | -58.5% |
| Investment grants | 15 | €50,000 | - | -€50,000 | |
| Amounts payable | 17/49 | €1,403,086 | €1,815,773 | +€412,687 | +29.4% |
| Amounts payable after more than one year | 17 | €168,758 | €320,857 | +€152,099 | +90.1% |
| Financial debts | 170/4 | €168,758 | €320,857 | +€152,099 | +90.1% |
| Amounts payable within one year | 42/48 | €508,874 | €624,113 | +€115,240 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €20,697 | €84,908 | +€64,211 | +310% |
| Trade debts | 44 | €246,400 | €288,718 | +€42,318 | +17.2% |
| Suppliers | 440/4 | €246,400 | €288,718 | +€42,318 | +17.2% |
| Taxes, remuneration and social security | 45 | €233,936 | €249,647 | +€15,712 | +6.7% |
| Taxes | 450/3 | €30,375 | €19,054 | -€11,321 | -37.3% |
| Remuneration and social security | 454/9 | €203,561 | €230,594 | +€27,033 | +13.3% |
| Other amounts payable | 47/48 | €7,841 | €840 | -€7,001 | -89.3% |
| Accrued charges and deferred income | 492/3 | €725,455 | €870,803 | +€145,349 | +20.0% |
| Remuneration, social security and pensions | 62 | €1,498,716 | €1,720,420 | +€221,704 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,161 | €114,218 | +€27,057 | +31.0% |
| Other operating charges | 640/8 | €14,699 | €17,678 | +€2,978 | +20.3% |
| Gross operating margin | 9900 | €1,627,425 | €1,729,942 | +€102,517 | +6.3% |
| Operating profit (loss) | 9901 | €26,849 | -€122,373 | -€149,222 | |
| Financial income | 75/76B | €36,152 | €32,558 | -€3,594 | -9.9% |
| Recurring financial income | 75 | €36,152 | €32,558 | -€3,594 | -9.9% |
| Financial charges | 65/66B | €17,471 | €34,212 | +€16,741 | +95.8% |
| Recurring financial charges | 65 | €17,471 | €34,212 | +€16,741 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €45,530 | -€124,027 | -€169,557 | |
| Income taxes | 67/77 | €2,253 | €2,256 | +€4 | +0.2% |
| Profit (loss) for the period | 9904 | €43,277 | -€126,283 | -€169,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,277 | -€126,283 | -€169,560 |
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 13 October 2026 via checked.be.