Absolem Engineering: 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.
Absolem Engineering
Largest movements
- Cash -€123,771
down €123,771 (-96.9%), from €127,696 to €3,924
mainly Advances received (-€518,877) and Short-term financial debts (-€149,101)
- Intangible fixed assets -€81,422
down €81,422 (-20.0%), from €407,111 to €325,689
- Receivables within one year -€68,281
down €68,281 (-4.2%), from €1.6m to €1.6m
of which Trade receivables: -€733,536
- Financial fixed assets -€51,000
down €51,000 (-87.6%), from €58,236 to €7,236
- Advances received -€518,877
down €518,877 (-100.0%), from €518,877 to €0
- Short-term financial debts -€149,101
down €149,101 (-34.6%), from €430,765 to €281,664
- Debts after one year +€125,192
new in 2025: €125,192
- Accrued charges and deferred income +€97,320
new in 2025: €97,320
- Current portion of long-term debt +€64,347
up €64,347, from €0 to €64,347
- Gross operating margin -€395,519
down €395,519 (-49.3%), from €802,479 to €406,959
- Financial income +€29,762
up €29,762 (+751.6%), from €3,960 to €33,722
- Depreciation +€11,618
up €11,618 (+9.5%), from €122,269 to €133,887
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 | €2,447,532 | €2,121,048 | -€326,484 | -13.3% |
| Fixed assets | 21/28 | €609,660 | €490,935 | -€118,725 | -19.5% |
| Intangible fixed assets | 21 | €407,111 | €325,689 | -€81,422 | -20.0% |
| Tangible fixed assets | 22/27 | €144,313 | €158,010 | +€13,697 | +9.5% |
| Plant, machinery and equipment | 23 | - | €2,011 | +€2,011 | |
| Furniture and vehicles | 24 | €89,612 | €85,358 | -€4,254 | -4.7% |
| Other tangible fixed assets | 26 | €54,701 | €70,641 | +€15,940 | +29.1% |
| Financial fixed assets | 28 | €58,236 | €7,236 | -€51,000 | -87.6% |
| Current assets | 29/58 | €1,837,871 | €1,630,112 | -€207,759 | -11.3% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,632,212 | €1,563,930 | -€68,281 | -4.2% |
| Trade receivables | 40 | €1,166,452 | €432,916 | -€733,536 | -62.9% |
| Other amounts receivable | 41 | €465,759 | €1,131,014 | +€665,255 | +142.8% |
| Cash at bank and in hand | 54/58 | €127,696 | €3,924 | -€123,771 | -96.9% |
| Deferred charges and accrued income | 490/1 | €65,464 | €49,758 | -€15,706 | -24.0% |
| Total equity and liabilities | 10/49 | €2,447,532 | €2,121,048 | -€326,484 | -13.3% |
| Equity | 10/15 | €1,175,037 | €1,212,925 | +€37,888 | +3.2% |
| Contributions | 10/11 | €1,065,000 | €1,065,000 | = | 0.0% |
| Reserves | 13 | €110,037 | €147,925 | +€37,888 | +34.4% |
| Distributable reserves | 133 | €110,037 | €147,925 | +€37,888 | +34.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,272,495 | €908,123 | -€364,372 | -28.6% |
| Amounts payable after more than one year | 17 | - | €125,192 | +€125,192 | |
| Financial debts | 170/4 | - | €125,192 | +€125,192 | |
| Amounts payable within one year | 42/48 | €1,272,495 | €685,612 | -€586,883 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €64,347 | +€64,347 | |
| Financial debts | 43 | €430,765 | €281,664 | -€149,101 | -34.6% |
| Credit institutions | 430/8 | €430,765 | €281,664 | -€149,101 | -34.6% |
| Trade debts | 44 | €322,853 | €339,601 | +€16,748 | +5.2% |
| Suppliers | 440/4 | €322,853 | €339,601 | +€16,748 | +5.2% |
| Advances received on contracts in progress | 46 | €518,877 | €0 | -€518,877 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €97,320 | +€97,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,269 | €133,887 | +€11,618 | +9.5% |
| Other operating charges | 640/8 | €1,586 | €1,256 | -€330 | -20.8% |
| Non-recurring operating charges | 66A | €59,663 | €200,000 | +€140,337 | +235.2% |
| Gross operating margin | 9900 | €802,479 | €406,959 | -€395,519 | -49.3% |
| Operating profit (loss) | 9901 | €618,961 | €71,817 | -€547,144 | -88.4% |
| Financial income | 75/76B | €3,960 | €33,722 | +€29,762 | +751.6% |
| Recurring financial income | 75 | €3,960 | €33,722 | +€29,762 | +751.6% |
| Financial charges | 65/66B | €30,800 | €38,501 | +€7,701 | +25.0% |
| Recurring financial charges | 65 | €30,800 | €38,501 | +€7,701 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €592,121 | €67,038 | -€525,083 | -88.7% |
| Income taxes | 67/77 | €27,520 | €29,150 | +€1,630 | +5.9% |
| Profit (loss) for the period | 9904 | €564,601 | €37,888 | -€526,713 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €564,601 | €37,888 | -€526,713 | -93.3% |
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 4 October 2026 via checked.be.