ABP IMMO: what changed
Two fiscal 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 IMMO
Largest movements
- Stocks and contracts -€680,507
down €680,507 (-21.5%), from €3.2m to €2.5m
- Cash +€365,707
up €365,707 (+738.4%), from €49,528 to €415,234
mainly Stocks and contracts (+€680,507) and Trade debts (+€319,971)
- Tangible fixed assets +€281,506
new in 2025: €281,506
- Short-term financial debts -€589,500
down €589,500 (-66.3%), from €889,500 to €300,000
- Trade debts +€319,971
up €319,971 (+65001.7%), from €492 to €320,463
- Other debts +€122,325
up €122,325 (+8.1%), from €1.5m to €1.6m
- Reserves +€85,269
up €85,269 (+26.0%), from €327,670 to €412,939
- Tax, wage and social debts +€39,770
new in 2025: €39,770
- Gross operating margin +€70,282
up €70,282 (+54.8%), from €128,233 to €198,515
- Taxes +€42,027
up €42,027 (+5196.6%), from €809 to €42,835
- Financial charges -€32,263
down €32,263 (-38.5%), from €83,881 to €51,618
- Depreciation +€6,158
new in 2025: €6,158
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 | €3,219,846 | €3,193,203 | -€26,642 | -0.8% |
| Fixed assets | 21/28 | - | €281,506 | +€281,506 | |
| Tangible fixed assets | 22/27 | - | €281,506 | +€281,506 | |
| Land and buildings | 22 | - | €281,506 | +€281,506 | |
| Current assets | 29/58 | €3,219,846 | €2,911,697 | -€308,148 | -9.6% |
| Stocks and contracts in progress | 3 | €3,163,731 | €2,483,224 | -€680,507 | -21.5% |
| Stocks | 30/36 | €3,163,731 | €2,483,224 | -€680,507 | -21.5% |
| Amounts receivable within one year | 40/41 | €1,064 | €11,363 | +€10,300 | +968.5% |
| Trade receivables | 40 | €826 | €11,363 | +€10,537 | +1275.6% |
| Other amounts receivable | 41 | €237 | €0 | -€237 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,528 | €415,234 | +€365,707 | +738.4% |
| Deferred charges and accrued income | 490/1 | €5,523 | €1,875 | -€3,648 | -66.0% |
| Total equity and liabilities | 10/49 | €3,219,846 | €3,193,203 | -€26,642 | -0.8% |
| Equity | 10/15 | €477,670 | €562,939 | +€85,269 | +17.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €327,670 | €412,939 | +€85,269 | +26.0% |
| Distributable reserves | 133 | €327,670 | €412,939 | +€85,269 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,742,176 | €2,630,264 | -€111,911 | -4.1% |
| Amounts payable after more than one year | 17 | €315,500 | €315,500 | = | 0.0% |
| Financial debts | 170/4 | €315,500 | €315,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,403,451 | €2,296,017 | -€107,434 | -4.5% |
| Financial debts | 43 | €889,500 | €300,000 | -€589,500 | -66.3% |
| Credit institutions | 430/8 | €889,500 | €300,000 | -€589,500 | -66.3% |
| Trade debts | 44 | €492 | €320,463 | +€319,971 | +65001.7% |
| Suppliers | 440/4 | €492 | €320,463 | +€319,971 | +65001.7% |
| Taxes, remuneration and social security | 45 | - | €39,770 | +€39,770 | |
| Taxes | 450/3 | - | €39,770 | +€39,770 | |
| Other amounts payable | 47/48 | €1,513,459 | €1,635,784 | +€122,325 | +8.1% |
| Accrued charges and deferred income | 492/3 | €23,224 | €18,747 | -€4,477 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,158 | +€6,158 | |
| Other operating charges | 640/8 | €10,817 | €12,760 | +€1,943 | +18.0% |
| Gross operating margin | 9900 | €128,233 | €198,515 | +€70,282 | +54.8% |
| Operating profit (loss) | 9901 | €117,416 | €179,597 | +€62,181 | +53.0% |
| Financial income | 75/76B | €166 | €125 | -€41 | -24.7% |
| Recurring financial income | 75 | €166 | €125 | -€41 | -24.7% |
| Financial charges | 65/66B | €83,881 | €51,618 | -€32,263 | -38.5% |
| Recurring financial charges | 65 | €83,881 | €51,618 | -€32,263 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €33,701 | €128,104 | +€94,403 | +280.1% |
| Income taxes | 67/77 | €809 | €42,835 | +€42,027 | +5196.6% |
| Profit (loss) for the period | 9904 | €32,893 | €85,269 | +€52,376 | +159.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,893 | €85,269 | +€52,376 | +159.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.