ABS REAL ESTATE: what changed
ABS REAL ESTATE
Largest movements
- Receivables within one year -€150,819
down €150,819 (-43.0%), from €350,819 to €200,000
- Stocks and contracts -€87,360
down €87,360 (-2.1%), from €4.3m to €4.2m
- Cash -€78,005
down €78,005 (-35.2%), from €221,829 to €143,824
mainly Debts after one year (-€250,809) and Net result for the year (-€74,375)
- Debts after one year -€250,809
down €250,809 (-21.2%), from €1.2m to €933,480
- Gross operating margin -€181,775
down €181,775, from €149,568 to -€32,207
- Financial charges -€52,776
down €52,776 (-56.2%), from €93,878 to €41,102
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,617,633 | €5,301,449 | -€316,184 | -5.6% |
| Fixed assets | 21/28 | €783,819 | €783,819 | = | 0.0% |
| Tangible fixed assets | 22/27 | €783,819 | €783,819 | = | 0.0% |
| Land and buildings | 22 | €783,819 | €783,819 | = | 0.0% |
| Current assets | 29/58 | €4,833,814 | €4,517,630 | -€316,184 | -6.5% |
| Stocks and contracts in progress | 3 | €4,261,166 | €4,173,806 | -€87,360 | -2.1% |
| Stocks | 30/36 | €4,261,166 | €4,173,806 | -€87,360 | -2.1% |
| Amounts receivable within one year | 40/41 | €350,819 | €200,000 | -€150,819 | -43.0% |
| Other amounts receivable | 41 | €350,819 | €200,000 | -€150,819 | -43.0% |
| Cash at bank and in hand | 54/58 | €221,829 | €143,824 | -€78,005 | -35.2% |
| Total equity and liabilities | 10/49 | €5,617,633 | €5,301,449 | -€316,184 | -5.6% |
| Equity | 10/15 | €341,012 | €266,637 | -€74,375 | -21.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €220,000 | €200,000 | -€20,000 | -9.1% |
| Distributable reserves | 133 | €220,000 | €200,000 | -€20,000 | -9.1% |
| Profit (loss) carried forward | 14 | €61,012 | €6,637 | -€54,375 | -89.1% |
| Amounts payable | 17/49 | €5,276,621 | €5,034,812 | -€241,809 | -4.6% |
| Amounts payable after more than one year | 17 | €1,184,289 | €933,480 | -€250,809 | -21.2% |
| Other amounts payable | 178/9 | €1,184,289 | €933,480 | -€250,809 | -21.2% |
| Amounts payable within one year | 42/48 | €4,092,332 | €4,101,332 | +€9,000 | +0.2% |
| Financial debts | 43 | €4,092,332 | €4,101,332 | +€9,000 | +0.2% |
| Credit institutions | 430/8 | €3,512,332 | €3,521,332 | +€9,000 | +0.3% |
| Other loans | 439 | €580,000 | €580,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,071 | €1,065 | -€6 | -0.5% |
| Gross operating margin | 9900 | €149,568 | -€32,207 | -€181,775 | |
| Operating profit (loss) | 9901 | €148,497 | -€33,272 | -€181,769 | |
| Financial charges | 65/66B | €93,878 | €41,102 | -€52,776 | -56.2% |
| Recurring financial charges | 65 | €93,878 | €41,102 | -€52,776 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €54,619 | -€74,375 | -€128,993 | |
| Profit (loss) for the period | 9904 | €54,619 | -€74,375 | -€128,993 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,619 | -€74,375 | -€128,993 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.