ABORO: 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.
ABORO
Largest movements
- Current investments +€250,000
up €250,000 (+22.8%), from €1.1m to €1.3m
- Cash +€194,781
up €194,781 (+233%), from €83,560 to €278,341
mainly Net result for the year (+€433,601) and Depreciation (+€67,352)
- Tangible fixed assets -€80,126
down €80,126 (-4.6%), from €1.7m to €1.7m
of which Other tangible fixed assets: -€55,109
- Profit (loss) carried forward +€200,555
up €200,555, from -€200,555 to €0
- Reserves +€183,045
up €183,045 (+9.6%), from €1.9m to €2.1m
of which Distributable reserves: +€163,835
- Debts after one year -€48,170
down €48,170 (-8.9%), from €541,505 to €493,335
- Tax, wage and social debts +€46,152
up €46,152, from €0 to €46,152
- Gross operating margin +€612,159
up €612,159, from -€14,454 to €597,705
- Taxes +€117,741
up €117,741 (+13,747%), from €856 to €118,597
- Financial charges -€56,104
down €56,104 (-86.7%), from €64,684 to €8,580
- Financial income +€33,417
up €33,417 (+580%), from €5,759 to €39,176
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 | €2,932,519 | €3,305,160 | +€372,641 | +12.7% |
| Fixed assets | 21/28 | €1,736,026 | €1,655,900 | -€80,126 | -4.6% |
| Tangible fixed assets | 22/27 | €1,736,026 | €1,655,900 | -€80,126 | -4.6% |
| Land and buildings | 22 | €1,528,527 | €1,526,713 | -€1,814 | -0.1% |
| Furniture and vehicles | 24 | €152,390 | €129,186 | -€23,203 | -15.2% |
| Other tangible fixed assets | 26 | €55,109 | €0 | -€55,109 | -100% |
| Current assets | 29/58 | €1,196,494 | €1,649,261 | +€452,767 | +37.8% |
| Amounts receivable within one year | 40/41 | €12,257 | €22,391 | +€10,134 | +82.7% |
| Trade receivables | 40 | €4,937 | €4,235 | -€702 | -14.2% |
| Other amounts receivable | 41 | €7,319 | €18,156 | +€10,836 | +148% |
| Current investments | 50/53 | €1,095,917 | €1,345,917 | +€250,000 | +22.8% |
| Cash at bank and in hand | 54/58 | €83,560 | €278,341 | +€194,781 | +233% |
| Deferred charges and accrued income | 490/1 | €4,760 | €2,612 | -€2,148 | -45.1% |
| Total equity and liabilities | 10/49 | €2,932,519 | €3,305,160 | +€372,641 | +12.7% |
| Equity | 10/15 | €2,268,110 | €2,651,711 | +€383,601 | +16.9% |
| Contributions | 10/11 | €566,579 | €566,579 | = | 0.0% |
| Capital | 10 | €566,579 | €566,579 | = | 0.0% |
| Issued capital | 100 | €566,579 | €566,579 | = | 0.0% |
| Reserves | 13 | €1,902,087 | €2,085,132 | +€183,045 | +9.6% |
| Non-distributable reserves | 130/1 | €37,448 | €56,658 | +€19,210 | +51.3% |
| Legal reserve | 130 | €37,448 | €56,658 | +€19,210 | +51.3% |
| Distributable reserves | 133 | €1,864,639 | €2,028,474 | +€163,835 | +8.8% |
| Profit (loss) carried forward | 14 | -€200,555 | €0 | +€200,555 | |
| Amounts payable | 17/49 | €664,409 | €653,449 | -€10,960 | -1.6% |
| Amounts payable after more than one year | 17 | €541,505 | €493,335 | -€48,170 | -8.9% |
| Financial debts | 170/4 | €541,505 | €493,335 | -€48,170 | -8.9% |
| Amounts payable within one year | 42/48 | €120,722 | €160,114 | +€39,392 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €47,491 | €48,170 | +€679 | +1.4% |
| Trade debts | 44 | €1,940 | €2,380 | +€440 | +22.7% |
| Suppliers | 440/4 | €1,940 | €2,380 | +€440 | +22.7% |
| Advances received on contracts in progress | 46 | €4,235 | €0 | -€4,235 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €46,152 | +€46,152 | |
| Taxes | 450/3 | €0 | €46,152 | +€46,152 | |
| Other amounts payable | 47/48 | €67,056 | €63,413 | -€3,643 | -5.4% |
| Accrued charges and deferred income | 492/3 | €2,182 | €0 | -€2,182 | -100% |
| Non-recurring operating income | 76A | - | €574,891 | +€574,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,429 | €67,352 | +€4,923 | +7.9% |
| Other operating charges | 640/8 | €6,152 | €8,751 | +€2,599 | +42.3% |
| Gross operating margin | 9900 | -€14,454 | €597,705 | +€612,159 | |
| Operating profit (loss) | 9901 | -€83,035 | €521,602 | +€604,637 | |
| Financial income | 75/76B | €5,759 | €39,176 | +€33,417 | +580% |
| Recurring financial income | 75 | €5,759 | €39,176 | +€33,417 | +580% |
| Financial charges | 65/66B | €64,684 | €8,580 | -€56,104 | -86.7% |
| Recurring financial charges | 65 | €64,684 | €8,580 | -€56,104 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | -€141,960 | €552,198 | +€694,158 | |
| Income taxes | 67/77 | €856 | €118,597 | +€117,741 | +13,747% |
| Profit (loss) for the period | 9904 | -€142,817 | €433,601 | +€576,417 | |
| Profit (loss) for the period to be appropriated | 9905 | -€142,817 | €433,601 | +€576,417 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.