ABLEVO: 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.
ABLEVO
Largest movements
- Cash -€11,210
down €11,210 (-70.2%), from €15,976 to €4,766
mainly Investment in fixed assets (net) (-€31,172) and Debts after one year (-€25,206)
- Debts after one year -€25,206
down €25,206 (-24.3%), from €103,910 to €78,703
- Reserves +€24,690
up €24,690 (+7.9%), from €313,580 to €338,270
- Gross operating margin +€28,599
up €28,599 (+49.1%), from €58,224 to €86,823
- Taxes +€9,902
up €9,902 (+278%), from €3,567 to €13,470
- Other operating charges -€3,053
down €3,053 (-33.2%), from €9,196 to €6,142
- Financial charges +€1,960
up €1,960 (+19.0%), from €10,299 to €12,259
- Depreciation +€1,154
up €1,154 (+3.9%), from €29,446 to €30,600
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 | €813,716 | €805,460 | -€8,256 | -1.0% |
| Fixed assets | 21/28 | €670,180 | €670,751 | +€572 | +0.1% |
| Tangible fixed assets | 22/27 | €670,180 | €670,751 | +€572 | +0.1% |
| Land and buildings | 22 | €649,582 | €633,295 | -€16,286 | -2.5% |
| Plant, machinery and equipment | 23 | €17,836 | €36,314 | +€18,478 | +104% |
| Furniture and vehicles | 24 | €2,762 | €1,143 | -€1,620 | -58.6% |
| Current assets | 29/58 | €143,536 | €134,709 | -€8,828 | -6.2% |
| Amounts receivable within one year | 40/41 | €11,788 | €8,455 | -€3,333 | -28.3% |
| Trade receivables | 40 | €2,799 | - | -€2,799 | |
| Other amounts receivable | 41 | €8,989 | €8,455 | -€534 | -5.9% |
| Current investments | 50/53 | €91,952 | €92,295 | +€343 | +0.4% |
| Cash at bank and in hand | 54/58 | €15,976 | €4,766 | -€11,210 | -70.2% |
| Deferred charges and accrued income | 490/1 | €23,821 | €29,192 | +€5,372 | +22.6% |
| Total equity and liabilities | 10/49 | €813,716 | €805,460 | -€8,256 | -1.0% |
| Equity | 10/15 | €451,231 | €475,926 | +€24,696 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €313,580 | €338,270 | +€24,690 | +7.9% |
| Distributable reserves | 133 | €313,580 | €338,270 | +€24,690 | +7.9% |
| Profit (loss) carried forward | 14 | €131,451 | €131,456 | +€6 | 0.0% |
| Provisions and deferred taxes | 16 | €24,449 | €24,449 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,449 | €24,449 | = | 0.0% |
| Other liabilities and charges | 164/5 | €24,449 | €24,449 | = | 0.0% |
| Amounts payable | 17/49 | €338,036 | €305,084 | -€32,952 | -9.7% |
| Amounts payable after more than one year | 17 | €103,910 | €78,703 | -€25,206 | -24.3% |
| Financial debts | 170/4 | €103,910 | €78,703 | -€25,206 | -24.3% |
| Amounts payable within one year | 42/48 | €227,859 | €221,081 | -€6,778 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €24,349 | €25,206 | +€857 | +3.5% |
| Trade debts | 44 | €25,724 | €17,748 | -€7,975 | -31.0% |
| Suppliers | 440/4 | €25,724 | €17,748 | -€7,975 | -31.0% |
| Taxes, remuneration and social security | 45 | €14,352 | €21,399 | +€7,047 | +49.1% |
| Taxes | 450/3 | €10,352 | €19,399 | +€9,047 | +87.4% |
| Remuneration and social security | 454/9 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Other amounts payable | 47/48 | €163,435 | €156,728 | -€6,707 | -4.1% |
| Accrued charges and deferred income | 492/3 | €6,268 | €5,300 | -€968 | -15.4% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,446 | €30,600 | +€1,154 | +3.9% |
| Other operating charges | 640/8 | €9,196 | €6,142 | -€3,053 | -33.2% |
| Gross operating margin | 9900 | €58,224 | €86,823 | +€28,599 | +49.1% |
| Operating profit (loss) | 9901 | €19,582 | €50,081 | +€30,499 | +156% |
| Financial income | 75/76B | €124 | €343 | +€220 | +177% |
| Recurring financial income | 75 | €124 | €343 | +€220 | +177% |
| Financial charges | 65/66B | €10,299 | €12,259 | +€1,960 | +19.0% |
| Recurring financial charges | 65 | €10,299 | €12,259 | +€1,960 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €9,408 | €38,165 | +€28,758 | +306% |
| Income taxes | 67/77 | €3,567 | €13,470 | +€9,902 | +278% |
| Profit (loss) for the period | 9904 | €5,840 | €24,696 | +€18,855 | +323% |
| Profit (loss) for the period to be appropriated | 9905 | €5,840 | €24,696 | +€18,855 | +323% |
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.