ABS'EAU: 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.
ABS'EAU
Largest movements
- Tangible fixed assets -€12,249
down €12,249 (-24.8%), from €49,392 to €37,143
of which Leasing and similar rights: -€14,388
- Receivables within one year +€3,860
up €3,860 (+3.2%), from €120,517 to €124,377
of which Other amounts receivable: +€9,006
- Cash +€3,587
up €3,587 (+99.3%), from €3,612 to €7,199
mainly Other debts (+€32,968) and Depreciation (+€23,698)
- Other debts +€32,968
new in 2025: €32,968
- Current portion of long-term debt -€21,851
down €21,851 (-93.2%), from €23,450 to €1,599
- Trade debts -€14,036
down €14,036 (-13.9%), from €100,830 to €86,794
- Advances received -€13,411
down €13,411 (-55.2%), from €24,285 to €10,874
- Profit (loss) carried forward +€12,927
up €12,927 (+11.1%), from -€116,950 to -€104,023
- Gross operating margin +€144,803
up €144,803, from -€43,634 to €101,169
- Staff costs +€37,455
up €37,455 (+316.5%), from €11,835 to €49,291
- Other operating charges +€7,553
up €7,553 (+290.4%), from €2,601 to €10,153
- Financial income -€5,055
down €5,055 (-99.8%), from €5,068 to €12
of which Non-recurring financial income: -€5,063
- Depreciation +€1,886
up €1,886 (+8.6%), from €21,812 to €23,698
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 | €186,620 | €182,479 | -€4,141 | -2.2% |
| Fixed assets | 21/28 | €55,223 | €42,099 | -€13,124 | -23.8% |
| Intangible fixed assets | 21 | €5,534 | €4,534 | -€1,000 | -18.1% |
| Tangible fixed assets | 22/27 | €49,392 | €37,143 | -€12,249 | -24.8% |
| Plant, machinery and equipment | 23 | €13,308 | €10,462 | -€2,846 | -21.4% |
| Furniture and vehicles | 24 | €14,111 | €19,667 | +€5,557 | +39.4% |
| Leasing and similar rights | 25 | €16,311 | €1,923 | -€14,388 | -88.2% |
| Other tangible fixed assets | 26 | €5,662 | €5,091 | -€571 | -10.1% |
| Financial fixed assets | 28 | €297 | €422 | +€125 | +42.1% |
| Current assets | 29/58 | €131,397 | €140,381 | +€8,984 | +6.8% |
| Stocks and contracts in progress | 3 | €5,900 | €6,181 | +€281 | +4.8% |
| Stocks | 30/36 | €5,900 | €6,181 | +€281 | +4.8% |
| Amounts receivable within one year | 40/41 | €120,517 | €124,377 | +€3,860 | +3.2% |
| Trade receivables | 40 | €116,131 | €110,985 | -€5,146 | -4.4% |
| Other amounts receivable | 41 | €4,386 | €13,391 | +€9,006 | +205.3% |
| Cash at bank and in hand | 54/58 | €3,612 | €7,199 | +€3,587 | +99.3% |
| Deferred charges and accrued income | 490/1 | €1,367 | €2,624 | +€1,256 | +91.9% |
| Total equity and liabilities | 10/49 | €186,620 | €182,479 | -€4,141 | -2.2% |
| Equity | 10/15 | -€98,950 | -€86,023 | +€12,927 | +13.1% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,950 | -€104,023 | +€12,927 | +11.1% |
| Amounts payable | 17/49 | €285,570 | €268,502 | -€17,067 | -6.0% |
| Amounts payable after more than one year | 17 | €114,960 | €109,048 | -€5,912 | -5.1% |
| Financial debts | 170/4 | €11,499 | €5,484 | -€6,015 | -52.3% |
| Other amounts payable | 178/9 | €103,461 | €103,564 | +€104 | +0.1% |
| Amounts payable within one year | 42/48 | €170,610 | €159,454 | -€11,156 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €23,450 | €1,599 | -€21,851 | -93.2% |
| Trade debts | 44 | €100,830 | €86,794 | -€14,036 | -13.9% |
| Suppliers | 440/4 | €100,830 | €86,794 | -€14,036 | -13.9% |
| Advances received on contracts in progress | 46 | €24,285 | €10,874 | -€13,411 | -55.2% |
| Taxes, remuneration and social security | 45 | €22,045 | €27,219 | +€5,174 | +23.5% |
| Taxes | 450/3 | €15,846 | €26,276 | +€10,429 | +65.8% |
| Remuneration and social security | 454/9 | €6,198 | €943 | -€5,255 | -84.8% |
| Other amounts payable | 47/48 | - | €32,968 | +€32,968 | |
| Remuneration, social security and pensions | 62 | €11,835 | €49,291 | +€37,455 | +316.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,812 | €23,698 | +€1,886 | +8.6% |
| Other operating charges | 640/8 | €2,601 | €10,153 | +€7,553 | +290.4% |
| Gross operating margin | 9900 | -€43,634 | €101,169 | +€144,803 | |
| Operating profit (loss) | 9901 | -€79,882 | €18,027 | +€97,909 | |
| Financial income | 75/76B | €5,068 | €12 | -€5,055 | -99.8% |
| Recurring financial income | 75 | €5 | €12 | +€7 | +145.7% |
| Non-recurring financial income | 76B | €5,063 | - | -€5,063 | |
| Financial charges | 65/66B | €3,835 | €4,727 | +€892 | +23.3% |
| Recurring financial charges | 65 | €3,835 | €4,727 | +€892 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | -€78,649 | €13,312 | +€91,961 | |
| Income taxes | 67/77 | €433 | €386 | -€47 | -10.9% |
| Profit (loss) for the period | 9904 | -€79,082 | €12,927 | +€92,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,082 | €12,927 | +€92,008 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.