ABOVAN: 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.
ABOVAN
Largest movements
- Cash -€66,688
down €66,688 (-13.0%), from €512,240 to €445,552
mainly Contributions, distributions and other (-€173,300) and Other debts (-€112,436)
- Tangible fixed assets -€48,091
down €48,091 (-31.6%), from €152,265 to €104,174
- Intangible fixed assets -€14,852
no longer reported in 2025 (was €14,852)
- Receivables within one year +€14,450
up €14,450 (+11.4%), from €126,774 to €141,224
- Other debts -€112,436
down €112,436 (-77.4%), from €145,211 to €32,775
- Tax, wage and social debts -€14,704
down €14,704 (-12.1%), from €121,464 to €106,760
of which Remuneration and social security: -€16,023
- Staff costs -€71,745
down €71,745 (-32.2%), from €222,560 to €150,815
- Gross operating margin -€37,116
down €37,116 (-7.5%), from €494,790 to €457,674
- Depreciation -€23,120
down €23,120 (-29.7%), from €77,915 to €54,795
- Taxes +€16,077
up €16,077 (+26.5%), from €60,739 to €76,817
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 | €1,099,915 | €988,276 | -€111,638 | -10.1% |
| Fixed assets | 21/28 | €167,117 | €104,174 | -€62,944 | -37.7% |
| Intangible fixed assets | 21 | €14,852 | - | -€14,852 | |
| Tangible fixed assets | 22/27 | €152,265 | €104,174 | -€48,091 | -31.6% |
| Land and buildings | 22 | €5,817 | €3,390 | -€2,427 | -41.7% |
| Plant, machinery and equipment | 23 | €24,748 | €17,391 | -€7,357 | -29.7% |
| Furniture and vehicles | 24 | €32,470 | €16,470 | -€16,000 | -49.3% |
| Leasing and similar rights | 25 | €89,230 | €66,922 | -€22,307 | -25.0% |
| Current assets | 29/58 | €932,797 | €884,103 | -€48,694 | -5.2% |
| Amounts receivable within one year | 40/41 | €126,774 | €141,224 | +€14,450 | +11.4% |
| Trade receivables | 40 | €126,774 | €141,224 | +€14,450 | +11.4% |
| Current investments | 50/53 | €290,966 | €290,966 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €512,240 | €445,552 | -€66,688 | -13.0% |
| Deferred charges and accrued income | 490/1 | €2,818 | €6,361 | +€3,543 | +126% |
| Total equity and liabilities | 10/49 | €1,099,915 | €988,276 | -€111,638 | -10.1% |
| Equity | 10/15 | €776,609 | €786,096 | +€9,486 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €758,017 | €767,504 | +€9,486 | +1.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €756,158 | €765,645 | +€9,486 | +1.3% |
| Provisions and deferred taxes | 16 | €37,696 | €37,696 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €37,696 | €37,696 | = | 0.0% |
| Environmental obligations | 163 | €37,696 | €37,696 | = | 0.0% |
| Amounts payable | 17/49 | €285,609 | €164,485 | -€121,125 | -42.4% |
| Amounts payable after more than one year | 17 | €8,654 | €6,346 | -€2,308 | -26.7% |
| Financial debts | 170/4 | €8,654 | €6,346 | -€2,308 | -26.7% |
| Amounts payable within one year | 42/48 | €276,955 | €158,138 | -€118,817 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €2,307 | €2,307 | = | 0.0% |
| Trade debts | 44 | €7,973 | €16,296 | +€8,323 | +104% |
| Suppliers | 440/4 | €7,973 | €16,296 | +€8,323 | +104% |
| Taxes, remuneration and social security | 45 | €121,464 | €106,760 | -€14,704 | -12.1% |
| Taxes | 450/3 | €80,449 | €81,769 | +€1,319 | +1.6% |
| Remuneration and social security | 454/9 | €41,015 | €24,992 | -€16,023 | -39.1% |
| Other amounts payable | 47/48 | €145,211 | €32,775 | -€112,436 | -77.4% |
| Non-recurring operating income | 76A | €2,131 | €1,962 | -€169 | -7.9% |
| Remuneration, social security and pensions | 62 | €222,560 | €150,815 | -€71,745 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,915 | €54,795 | -€23,120 | -29.7% |
| Other operating charges | 640/8 | €3,817 | €5,830 | +€2,013 | +52.7% |
| Gross operating margin | 9900 | €494,790 | €457,674 | -€37,116 | -7.5% |
| Operating profit (loss) | 9901 | €190,498 | €246,234 | +€55,736 | +29.3% |
| Financial income | 75/76B | €12,677 | €15,217 | +€2,540 | +20.0% |
| Recurring financial income | 75 | €12,677 | €15,217 | +€2,540 | +20.0% |
| Financial charges | 65/66B | €710 | €1,848 | +€1,138 | +160% |
| Recurring financial charges | 65 | €710 | €1,848 | +€1,138 | +160% |
| Profit (loss) for the period before taxes | 9903 | €202,465 | €259,603 | +€57,138 | +28.2% |
| Income taxes | 67/77 | €60,739 | €76,817 | +€16,077 | +26.5% |
| Profit (loss) for the period | 9904 | €141,726 | €182,786 | +€41,061 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,726 | €182,786 | +€41,061 | +29.0% |
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 26 October 2026 via checked.be.