ABO: 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.
ABO
Largest movements
- Receivables within one year -€1.0m
down €1.0m (-99.9%), from €1.0m to €841
of which Other amounts receivable: -€1.0m
- Tangible fixed assets -€113,164
down €113,164 (-22.9%), from €494,684 to €381,520
- Cash +€110,679
up €110,679 (+96.5%), from €114,692 to €225,371
mainly Receivables within one year (+€1.0m) and Depreciation (+€186,463)
- Intangible fixed assets -€73,299
down €73,299 (-11.8%), from €622,737 to €549,439
- Other debts -€1.0m
down €1.0m (-99.9%), from €1.0m to €528
- Debts after one year -€39,683
down €39,683 (-9.4%), from €422,134 to €382,451
- Provisions -€23,668
down €23,668 (-54.0%), from €43,812 to €20,144
- Gross operating margin +€8,208
up €8,208 (+3.6%), from €226,261 to €234,468
- Other operating charges -€4,484
down €4,484 (-28.2%), from €15,876 to €11,392
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 | €2,232,955 | €1,157,171 | -€1.1m | -48.2% |
| Fixed assets | 21/28 | €1,117,422 | €930,959 | -€186,463 | -16.7% |
| Intangible fixed assets | 21 | €622,737 | €549,439 | -€73,299 | -11.8% |
| Tangible fixed assets | 22/27 | €494,684 | €381,520 | -€113,164 | -22.9% |
| Land and buildings | 22 | €494,684 | €381,520 | -€113,164 | -22.9% |
| Current assets | 29/58 | €1,115,533 | €226,212 | -€889,321 | -79.7% |
| Amounts receivable within one year | 40/41 | €1,000,841 | €841 | -€1.0m | -99.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,000,841 | €841 | -€1.0m | -99.9% |
| Cash at bank and in hand | 54/58 | €114,692 | €225,371 | +€110,679 | +96.5% |
| Total equity and liabilities | 10/49 | €2,232,955 | €1,157,171 | -€1.1m | -48.2% |
| Equity | 10/15 | €699,899 | €699,784 | -€114 | 0.0% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €526,373 | €526,259 | -€114 | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,435 | €60,432 | -€71,003 | -54.0% |
| Distributable reserves | 133 | €377,586 | €448,475 | +€70,888 | +18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €43,812 | €20,144 | -€23,668 | -54.0% |
| Deferred taxes | 168 | €43,812 | €20,144 | -€23,668 | -54.0% |
| Amounts payable | 17/49 | €1,489,244 | €437,243 | -€1.1m | -70.6% |
| Amounts payable after more than one year | 17 | €422,134 | €382,451 | -€39,683 | -9.4% |
| Financial debts | 170/4 | €422,134 | €382,451 | -€39,683 | -9.4% |
| Amounts payable within one year | 42/48 | €1,067,110 | €54,792 | -€1.0m | -94.9% |
| Current portion of amounts payable after more than one year | 42 | €38,663 | €39,683 | +€1,019 | +2.6% |
| Trade debts | 44 | €1,673 | €903 | -€769 | -46.0% |
| Suppliers | 440/4 | €1,673 | €903 | -€769 | -46.0% |
| Taxes, remuneration and social security | 45 | €26,247 | €13,678 | -€12,569 | -47.9% |
| Taxes | 450/3 | €26,247 | €13,678 | -€12,569 | -47.9% |
| Other amounts payable | 47/48 | €1,000,528 | €528 | -€1.0m | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,221 | €186,463 | +€242 | +0.1% |
| Other operating charges | 640/8 | €15,876 | €11,392 | -€4,484 | -28.2% |
| Gross operating margin | 9900 | €226,261 | €234,468 | +€8,208 | +3.6% |
| Operating profit (loss) | 9901 | €24,164 | €36,613 | +€12,449 | +51.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €13,027 | €11,718 | -€1,309 | -10.0% |
| Recurring financial charges | 65 | €13,027 | €11,718 | -€1,309 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €11,137 | €24,896 | +€13,758 | +124% |
| Transfer from deferred taxes | 780 | €24,767 | €23,668 | -€1,099 | -4.4% |
| Income taxes | 67/77 | €47,005 | €48,678 | +€1,673 | +3.6% |
| Profit (loss) for the period | 9904 | -€11,101 | -€114 | +€10,987 | +99.0% |
| Transfer from tax-exempt reserves | 789 | €74,300 | €71,003 | -€3,297 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,199 | €70,888 | +€7,690 | +12.2% |
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 19 October 2026 via checked.be.