ABS CAPITAL: 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.
ABS CAPITAL
Largest movements
- Current investments +€102,697
new in 2025: €102,697
- Cash -€35,908
down €35,908 (-27.5%), from €130,652 to €94,744
mainly Current investments (-€102,697) and Other debts (-€80,000)
- Receivables within one year +€30,521
up €30,521 (+152.4%), from €20,025 to €50,547
- Profit (loss) carried forward +€159,632
up €159,632 (+270.0%), from €59,122 to €218,754
- Other debts -€80,000
no longer reported in 2025 (was €80,000)
- Short-term financial debts +€15,354
new in 2025: €15,354
- Gross operating margin +€58,769
up €58,769 (+30.6%), from €192,202 to €250,972
- Taxes +€15,655
up €15,655 (+40.7%), from €38,424 to €54,078
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 | €166,526 | €262,831 | +€96,306 | +57.8% |
| Fixed assets | 21/28 | €13,885 | €11,433 | -€2,452 | -17.7% |
| Tangible fixed assets | 22/27 | €13,885 | €11,433 | -€2,452 | -17.7% |
| Land and buildings | 22 | €12,334 | €8,223 | -€4,111 | -33.3% |
| Furniture and vehicles | 24 | €217 | - | -€217 | |
| Other tangible fixed assets | 26 | €1,333 | €3,210 | +€1,877 | +140.8% |
| Current assets | 29/58 | €152,641 | €251,398 | +€98,757 | +64.7% |
| Amounts receivable within one year | 40/41 | €20,025 | €50,547 | +€30,521 | +152.4% |
| Other amounts receivable | 41 | €20,025 | €50,547 | +€30,521 | +152.4% |
| Current investments | 50/53 | - | €102,697 | +€102,697 | |
| Cash at bank and in hand | 54/58 | €130,652 | €94,744 | -€35,908 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,964 | €3,411 | +€1,447 | +73.7% |
| Total equity and liabilities | 10/49 | €166,526 | €262,831 | +€96,306 | +57.8% |
| Equity | 10/15 | €81,538 | €241,170 | +€159,632 | +195.8% |
| Contributions | 10/11 | €19,924 | €19,924 | = | 0.0% |
| Reserves | 13 | €2,492 | €2,492 | = | 0.0% |
| Distributable reserves | 133 | €2,492 | €2,492 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,122 | €218,754 | +€159,632 | +270.0% |
| Amounts payable | 17/49 | €84,987 | €21,661 | -€63,326 | -74.5% |
| Amounts payable within one year | 42/48 | €84,898 | €21,661 | -€63,236 | -74.5% |
| Financial debts | 43 | - | €15,354 | +€15,354 | |
| Credit institutions | 430/8 | - | €15,354 | +€15,354 | |
| Trade debts | 44 | €1,557 | €2,556 | +€998 | +64.1% |
| Suppliers | 440/4 | €1,557 | €2,556 | +€998 | +64.1% |
| Taxes, remuneration and social security | 45 | €3,340 | €3,752 | +€411 | +12.3% |
| Remuneration and social security | 454/9 | €3,340 | €3,752 | +€411 | +12.3% |
| Other amounts payable | 47/48 | €80,000 | - | -€80,000 | |
| Accrued charges and deferred income | 492/3 | €90 | - | -€90 | |
| Remuneration, social security and pensions | 62 | €31,908 | €31,238 | -€670 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,089 | €5,299 | +€209 | +4.1% |
| Other operating charges | 640/8 | €744 | €744 | = | 0.0% |
| Gross operating margin | 9900 | €192,202 | €250,972 | +€58,769 | +30.6% |
| Operating profit (loss) | 9901 | €154,461 | €213,691 | +€59,230 | +38.3% |
| Financial income | 75/76B | - | €1,828 | +€1,828 | |
| Recurring financial income | 75 | - | €1,828 | +€1,828 | |
| Financial charges | 65/66B | €3,911 | €1,809 | -€2,102 | -53.7% |
| Recurring financial charges | 65 | €3,911 | €1,809 | -€2,102 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €150,550 | €213,710 | +€63,160 | +42.0% |
| Income taxes | 67/77 | €38,424 | €54,078 | +€15,655 | +40.7% |
| Profit (loss) for the period | 9904 | €112,127 | €159,632 | +€47,506 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,127 | €159,632 | +€47,506 | +42.4% |
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.