ABOCA BELGIUM: 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.
ABOCA BELGIUM
Largest movements
- Cash -€104,824
down €104,824 (-24.8%), from €423,301 to €318,477
mainly Net result for the year (-€1.5m) and Trade debts (-€530,724)
- Stocks and contracts +€69,465
up €69,465 (+15.8%), from €440,177 to €509,642
- Receivables within one year +€40,987
up €40,987 (+11.8%), from €347,415 to €388,402
of which Trade receivables: +€51,490
- Debts after one year +€2.0m
up €2.0m (+52.5%), from €3.9m to €5.9m
- Profit (loss) carried forward -€1.5m
down €1.5m (-33.4%), from -€4.6m to -€6.2m
- Trade debts -€530,724
down €530,724 (-41.4%), from €1.3m to €751,121
- Tax, wage and social debts +€51,252
up €51,252 (+24.6%), from €208,523 to €259,775
of which Remuneration and social security: +€45,535
- Staff costs +€249,578
up €249,578 (+27.2%), from €918,527 to €1.2m
- Gross operating margin -€100,446
down €100,446 (-140%), from -€71,699 to -€172,145
- Financial charges +€44,857
up €44,857 (+28.7%), from €156,270 to €201,128
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 | €1,239,590 | €1,241,990 | +€2,399 | +0.2% |
| Fixed assets | 21/28 | €9,372 | €11,308 | +€1,936 | +20.7% |
| Intangible fixed assets | 21 | €1,807 | €250 | -€1,557 | -86.2% |
| Tangible fixed assets | 22/27 | €1,669 | €999 | -€670 | -40.2% |
| Plant, machinery and equipment | 23 | €1,669 | €999 | -€670 | -40.2% |
| Financial fixed assets | 28 | €5,897 | €10,060 | +€4,163 | +70.6% |
| Current assets | 29/58 | €1,230,218 | €1,230,681 | +€463 | 0.0% |
| Stocks and contracts in progress | 3 | €440,177 | €509,642 | +€69,465 | +15.8% |
| Stocks | 30/36 | €440,177 | €509,642 | +€69,465 | +15.8% |
| Amounts receivable within one year | 40/41 | €347,415 | €388,402 | +€40,987 | +11.8% |
| Trade receivables | 40 | €336,156 | €387,646 | +€51,490 | +15.3% |
| Other amounts receivable | 41 | €11,259 | €756 | -€10,503 | -93.3% |
| Cash at bank and in hand | 54/58 | €423,301 | €318,477 | -€104,824 | -24.8% |
| Deferred charges and accrued income | 490/1 | €19,325 | €14,160 | -€5,165 | -26.7% |
| Total equity and liabilities | 10/49 | €1,239,590 | €1,241,990 | +€2,399 | +0.2% |
| Equity | 10/15 | -€4,115,657 | -€5,663,688 | -€1.5m | -37.6% |
| Contributions | 10/11 | €521,221 | €521,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,636,878 | -€6,184,909 | -€1.5m | -33.4% |
| Amounts payable | 17/49 | €5,355,248 | €6,905,678 | +€1.6m | +29.0% |
| Amounts payable after more than one year | 17 | €3,862,402 | €5,891,924 | +€2.0m | +52.5% |
| Financial debts | 170/4 | €3,862,402 | €5,891,924 | +€2.0m | +52.5% |
| Amounts payable within one year | 42/48 | €1,490,368 | €1,010,896 | -€479,472 | -32.2% |
| Trade debts | 44 | €1,281,845 | €751,121 | -€530,724 | -41.4% |
| Suppliers | 440/4 | €1,281,845 | €751,121 | -€530,724 | -41.4% |
| Taxes, remuneration and social security | 45 | €208,523 | €259,775 | +€51,252 | +24.6% |
| Taxes | 450/3 | €24,008 | €29,726 | +€5,717 | +23.8% |
| Remuneration and social security | 454/9 | €184,515 | €230,049 | +€45,535 | +24.7% |
| Accrued charges and deferred income | 492/3 | €2,478 | €2,857 | +€379 | +15.3% |
| Remuneration, social security and pensions | 62 | €918,527 | €1,168,105 | +€249,578 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,169 | €2,227 | +€58 | +2.7% |
| Other operating charges | 640/8 | €983 | €1,176 | +€192 | +19.6% |
| Gross operating margin | 9900 | -€71,699 | -€172,145 | -€100,446 | -140% |
| Operating profit (loss) | 9901 | -€993,378 | -€1,343,652 | -€350,274 | -35.3% |
| Financial income | 75/76B | €149 | €36 | -€113 | -75.6% |
| Recurring financial income | 75 | €149 | €36 | -€113 | -75.6% |
| Financial charges | 65/66B | €156,270 | €201,128 | +€44,857 | +28.7% |
| Recurring financial charges | 65 | €156,270 | €201,128 | +€44,857 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,149,499 | -€1,544,743 | -€395,244 | -34.4% |
| Income taxes | 67/77 | €2,720 | €3,288 | +€568 | +20.9% |
| Profit (loss) for the period | 9904 | -€1,152,219 | -€1,548,031 | -€395,812 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,152,219 | -€1,548,031 | -€395,812 | -34.4% |
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 28 October 2026 via checked.be.