ABOUW: 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.
ABOUW
Largest movements
- Stocks and contracts +€492,814
up €492,814 (+111.5%), from €442,000 to €934,814
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year -€71,458
down €71,458 (-49.2%), from €145,314 to €73,856
of which Other amounts receivable: -€99,848
- Tangible fixed assets +€61,068
up €61,068 (+69.9%), from €87,354 to €148,421
of which Furniture and vehicles: +€85,937
- Short-term financial debts +€500,000
up €500,000 (+384.6%), from €130,000 to €630,000
- Debts after one year +€55,497
up €55,497 (+144.9%), from €38,310 to €93,808
- Trade debts +€37,892
up €37,892 (+202.4%), from €18,722 to €56,614
- Other debts -€17,483
down €17,483 (-5.7%), from €305,057 to €287,574
- Reserves +€15,140
up €15,140 (+10.8%), from €140,211 to €155,351
- Financial charges +€10,799
up €10,799 (+97.9%), from €11,034 to €21,833
- Depreciation -€9,537
down €9,537 (-16.5%), from €57,949 to €48,413
- Gross operating margin -€5,507
down €5,507 (-5.4%), from €102,919 to €97,412
- Other operating charges +€2,885
up €2,885 (+122.1%), from €2,363 to €5,248
- Taxes -€2,839
down €2,839 (-29.5%), from €9,619 to €6,780
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.
Cash bridge derived
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 | €728,666 | €1,312,372 | +€583,706 | +80.1% |
| Fixed assets | 21/28 | €140,081 | €200,548 | +€60,468 | +43.2% |
| Tangible fixed assets | 22/27 | €87,354 | €148,421 | +€61,068 | +69.9% |
| Plant, machinery and equipment | 23 | €15,872 | €4,931 | -€10,941 | -68.9% |
| Furniture and vehicles | 24 | €31,744 | €117,681 | +€85,937 | +270.7% |
| Leasing and similar rights | 25 | €39,738 | €25,809 | -€13,929 | -35.1% |
| Financial fixed assets | 28 | €52,727 | €52,127 | -€600 | -1.1% |
| Current assets | 29/58 | €588,586 | €1,111,824 | +€523,238 | +88.9% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €442,000 | €934,814 | +€492,814 | +111.5% |
| Stocks | 30/36 | €442,000 | €934,814 | +€492,814 | +111.5% |
| Amounts receivable within one year | 40/41 | €145,314 | €73,856 | -€71,458 | -49.2% |
| Trade receivables | 40 | - | €28,390 | +€28,390 | |
| Other amounts receivable | 41 | €145,314 | €45,466 | -€99,848 | -68.7% |
| Cash at bank and in hand | 54/58 | €1,004 | €2,100 | +€1,096 | +109.2% |
| Deferred charges and accrued income | 490/1 | €268 | €1,053 | +€785 | +293.6% |
| Total equity and liabilities | 10/49 | €728,666 | €1,312,372 | +€583,706 | +80.1% |
| Equity | 10/15 | €160,211 | €175,351 | +€15,140 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €140,211 | €155,351 | +€15,140 | +10.8% |
| Distributable reserves | 133 | €140,211 | €155,351 | +€15,140 | +10.8% |
| Amounts payable | 17/49 | €568,455 | €1,137,021 | +€568,566 | +100.0% |
| Amounts payable after more than one year | 17 | €38,310 | €93,808 | +€55,497 | +144.9% |
| Financial debts | 170/4 | €38,310 | €93,808 | +€55,497 | +144.9% |
| Amounts payable within one year | 42/48 | €530,145 | €1,043,214 | +€513,068 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | €47,510 | €42,903 | -€4,608 | -9.7% |
| Financial debts | 43 | €130,000 | €630,000 | +€500,000 | +384.6% |
| Credit institutions | 430/8 | €130,000 | €630,000 | +€500,000 | +384.6% |
| Trade debts | 44 | €18,722 | €56,614 | +€37,892 | +202.4% |
| Suppliers | 440/4 | €18,722 | €56,614 | +€37,892 | +202.4% |
| Taxes, remuneration and social security | 45 | €28,855 | €26,123 | -€2,732 | -9.5% |
| Taxes | 450/3 | €28,855 | €26,123 | -€2,732 | -9.5% |
| Other amounts payable | 47/48 | €305,057 | €287,574 | -€17,483 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,949 | €48,413 | -€9,537 | -16.5% |
| Other operating charges | 640/8 | €2,363 | €5,248 | +€2,885 | +122.1% |
| Gross operating margin | 9900 | €102,919 | €97,412 | -€5,507 | -5.4% |
| Operating profit (loss) | 9901 | €42,607 | €43,752 | +€1,145 | +2.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,034 | €21,833 | +€10,799 | +97.9% |
| Recurring financial charges | 65 | €11,034 | €21,833 | +€10,799 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | €31,573 | €21,920 | -€9,653 | -30.6% |
| Income taxes | 67/77 | €9,619 | €6,780 | -€2,839 | -29.5% |
| Profit (loss) for the period | 9904 | €21,954 | €15,140 | -€6,814 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,954 | €15,140 | -€6,814 | -31.0% |
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 11 October 2026 via checked.be.