ABnCO: 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.
ABnCO
Largest movements
- Stocks and contracts -€83,794
down €83,794 (-53.6%), from €156,415 to €72,621
- Tangible fixed assets -€22,639
down €22,639 (-8.9%), from €253,588 to €230,949
of which Land and buildings: -€18,690
- Receivables within one year -€21,052
down €21,052 (-81.1%), from €25,957 to €4,904
of which Trade receivables: -€25,739
- Cash +€15,130
up €15,130 (+8.4%), from €180,021 to €195,151
mainly Net result for the year (+€157,749) and Stocks and contracts (+€83,794)
- Profit (loss) carried forward -€82,251
down €82,251 (-98.3%), from €83,664 to €1,412
- Debts after one year -€17,667
down €17,667 (-22.0%), from €80,160 to €62,493
- Tax, wage and social debts +€16,910
up €16,910 (+177%), from €9,564 to €26,474
of which Taxes: +€13,128
- Trade debts -€15,526
down €15,526 (-12.6%), from €123,181 to €107,654
- Other debts -€10,509
down €10,509 (-4.2%), from €250,509 to €240,000
- Gross operating margin +€69,706
up €69,706 (+27.5%), from €253,474 to €323,180
- Write-downs +€43,876
up €43,876 (+489%), from €8,965 to €52,842
- Taxes +€5,893
up €5,893 (+13.9%), from €42,420 to €48,313
- Financial charges -€3,275
down €3,275 (-22.1%), from €14,799 to €11,524
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 | €619,831 | €507,583 | -€112,248 | -18.1% |
| Fixed assets | 21/28 | €253,748 | €231,109 | -€22,639 | -8.9% |
| Tangible fixed assets | 22/27 | €253,588 | €230,949 | -€22,639 | -8.9% |
| Land and buildings | 22 | €160,726 | €142,036 | -€18,690 | -11.6% |
| Furniture and vehicles | 24 | €62,211 | €43,584 | -€18,627 | -29.9% |
| Other tangible fixed assets | 26 | €30,651 | €45,329 | +€14,678 | +47.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €366,083 | €276,474 | -€89,609 | -24.5% |
| Stocks and contracts in progress | 3 | €156,415 | €72,621 | -€83,794 | -53.6% |
| Stocks | 30/36 | €156,415 | €72,621 | -€83,794 | -53.6% |
| Amounts receivable within one year | 40/41 | €25,957 | €4,904 | -€21,052 | -81.1% |
| Trade receivables | 40 | €25,957 | €217 | -€25,739 | -99.2% |
| Other amounts receivable | 41 | €0 | €4,687 | +€4,687 | |
| Cash at bank and in hand | 54/58 | €180,021 | €195,151 | +€15,130 | +8.4% |
| Deferred charges and accrued income | 490/1 | €3,691 | €3,798 | +€108 | +2.9% |
| Total equity and liabilities | 10/49 | €619,831 | €507,583 | -€112,248 | -18.1% |
| Equity | 10/15 | €130,864 | €48,612 | -€82,251 | -62.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €17,200 | €17,200 | = | 0.0% |
| Distributable reserves | 133 | €17,200 | €17,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,664 | €1,412 | -€82,251 | -98.3% |
| Amounts payable | 17/49 | €488,967 | €458,971 | -€29,997 | -6.1% |
| Amounts payable after more than one year | 17 | €80,160 | €62,493 | -€17,667 | -22.0% |
| Financial debts | 170/4 | €80,160 | €62,493 | -€17,667 | -22.0% |
| Amounts payable within one year | 42/48 | €401,037 | €391,795 | -€9,241 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €17,307 | €17,667 | +€360 | +2.1% |
| Trade debts | 44 | €123,181 | €107,654 | -€15,526 | -12.6% |
| Suppliers | 440/4 | €123,181 | €107,654 | -€15,526 | -12.6% |
| Advances received on contracts in progress | 46 | €476 | €0 | -€476 | -100% |
| Taxes, remuneration and social security | 45 | €9,564 | €26,474 | +€16,910 | +177% |
| Taxes | 450/3 | €8,975 | €22,104 | +€13,128 | +146% |
| Remuneration and social security | 454/9 | €588 | €4,370 | +€3,781 | +643% |
| Other amounts payable | 47/48 | €250,509 | €240,000 | -€10,509 | -4.2% |
| Accrued charges and deferred income | 492/3 | €7,771 | €4,683 | -€3,088 | -39.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €7,527 | €7,510 | -€17 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,251 | €42,475 | -€776 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,965 | €52,842 | +€43,876 | +489% |
| Other operating charges | 640/8 | €2,808 | €2,938 | +€130 | +4.6% |
| Gross operating margin | 9900 | €253,474 | €323,180 | +€69,706 | +27.5% |
| Operating profit (loss) | 9901 | €190,923 | €217,416 | +€26,493 | +13.9% |
| Financial income | 75/76B | €269 | €170 | -€100 | -37.0% |
| Recurring financial income | 75 | €269 | €170 | -€100 | -37.0% |
| Financial charges | 65/66B | €14,799 | €11,524 | -€3,275 | -22.1% |
| Recurring financial charges | 65 | €14,799 | €11,524 | -€3,275 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €176,393 | €206,062 | +€29,669 | +16.8% |
| Income taxes | 67/77 | €42,420 | €48,313 | +€5,893 | +13.9% |
| Profit (loss) for the period | 9904 | €133,973 | €157,749 | +€23,775 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €133,973 | €157,749 | +€23,775 | +17.7% |
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.