ABP BELUX: 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.
ABP BELUX
Largest movements
- Cash -€9,175
down €9,175 (-69.2%), from €13,253 to €4,078
mainly Net result for the year (-€40,001) and Debts after one year (-€6,451)
- Tangible fixed assets -€8,015
down €8,015 (-25.4%), from €31,521 to €23,506
of which Furniture and vehicles: -€6,890
- Receivables within one year -€4,703
down €4,703 (-11.2%), from €41,907 to €37,203
of which Trade receivables: -€2,367
- Stocks and contracts -€3,197
down €3,197 (-5.8%), from €54,826 to €51,628
- Profit (loss) carried forward -€40,001
down €40,001, from €3,138 to -€36,863
- Tax, wage and social debts +€11,275
up €11,275 (+54.1%), from €20,836 to €32,112
of which Remuneration and social security: +€14,875
- Trade debts +€7,452
new in 2024: €7,452
- Debts after one year -€6,451
down €6,451 (-28.8%), from €22,409 to €15,958
- Accrued charges and deferred income +€1,800
new in 2024: €1,800
- Gross operating margin -€77,470
down €77,470, from €47,100 to -€30,370
- Taxes -€5,596
no longer reported in 2024 (was €5,596)
- Depreciation +€3,148
up €3,148 (+64.7%), from €4,867 to €8,015
- Financial income -€494
down €494 (-90.6%), from €545 to €51
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,957 | €116,889 | -€25,068 | -17.7% |
| Fixed assets | 21/28 | €31,521 | €23,506 | -€8,015 | -25.4% |
| Tangible fixed assets | 22/27 | €31,521 | €23,506 | -€8,015 | -25.4% |
| Plant, machinery and equipment | 23 | €2,229 | €1,103 | -€1,126 | -50.5% |
| Furniture and vehicles | 24 | €29,292 | €22,403 | -€6,890 | -23.5% |
| Current assets | 29/58 | €110,436 | €93,383 | -€17,052 | -15.4% |
| Stocks and contracts in progress | 3 | €54,826 | €51,628 | -€3,197 | -5.8% |
| Stocks | 30/36 | €54,826 | €51,628 | -€3,197 | -5.8% |
| Amounts receivable within one year | 40/41 | €41,907 | €37,203 | -€4,703 | -11.2% |
| Trade receivables | 40 | €38,918 | €36,551 | -€2,367 | -6.1% |
| Other amounts receivable | 41 | €2,989 | €653 | -€2,336 | -78.2% |
| Cash at bank and in hand | 54/58 | €13,253 | €4,078 | -€9,175 | -69.2% |
| Deferred charges and accrued income | 490/1 | €451 | €474 | +€24 | +5.2% |
| Total equity and liabilities | 10/49 | €141,957 | €116,889 | -€25,068 | -17.7% |
| Equity | 10/15 | €38,598 | -€1,403 | -€40,001 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Distributable reserves | 133 | €16,860 | €16,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,138 | -€36,863 | -€40,001 | |
| Amounts payable | 17/49 | €103,359 | €118,292 | +€14,933 | +14.4% |
| Amounts payable after more than one year | 17 | €22,409 | €15,958 | -€6,451 | -28.8% |
| Financial debts | 170/4 | €22,409 | €15,958 | -€6,451 | -28.8% |
| Amounts payable within one year | 42/48 | €80,951 | €100,534 | +€19,584 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €6,180 | €6,819 | +€639 | +10.3% |
| Trade debts | 44 | - | €7,452 | +€7,452 | |
| Suppliers | 440/4 | - | €7,452 | +€7,452 | |
| Advances received on contracts in progress | 46 | €12,118 | €12,118 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,836 | €32,112 | +€11,275 | +54.1% |
| Taxes | 450/3 | €9,196 | €5,596 | -€3,600 | -39.1% |
| Remuneration and social security | 454/9 | €11,640 | €26,515 | +€14,875 | +127.8% |
| Other amounts payable | 47/48 | €41,817 | €42,034 | +€218 | +0.5% |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,867 | €8,015 | +€3,148 | +64.7% |
| Other operating charges | 640/8 | €726 | €574 | -€152 | -21.0% |
| Non-recurring operating charges | 66A | €527 | - | -€527 | |
| Gross operating margin | 9900 | €47,100 | -€30,370 | -€77,470 | |
| Operating profit (loss) | 9901 | €40,980 | -€38,959 | -€79,939 | |
| Financial income | 75/76B | €545 | €51 | -€494 | -90.6% |
| Recurring financial income | 75 | €545 | €51 | -€494 | -90.6% |
| Financial charges | 65/66B | €1,245 | €1,093 | -€152 | -12.2% |
| Recurring financial charges | 65 | €1,245 | €1,093 | -€152 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €40,280 | -€40,001 | -€80,281 | |
| Income taxes | 67/77 | €5,596 | - | -€5,596 | |
| Profit (loss) for the period | 9904 | €34,684 | -€40,001 | -€74,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,684 | -€40,001 | -€74,685 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.