Absolut Plus: 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.
Absolut Plus
Largest movements
- Stocks and contracts -€445,455
down €445,455 (-54.4%), from €819,044 to €373,588
- Receivables within one year -€33,644
down €33,644 (-8.6%), from €391,120 to €357,476
of which Trade receivables: -€145,658
- Debts after one year -€603,392
down €603,392 (-100.0%), from €603,392 to €0
- Trade debts +€133,259
up €133,259 (+65.5%), from €203,470 to €336,729
- Reserves -€54,820
down €54,820 (-7.2%), from €764,083 to €709,263
- Tax, wage and social debts +€42,812
up €42,812 (+178.7%), from €23,959 to €66,771
of which Taxes: +€34,373
- Write-downs -€554,000
down €554,000, from €277,000 to -€277,000
- Other operating charges +€347,425
up €347,425 (+582.5%), from €59,644 to €407,069
- Gross operating margin -€300,773
down €300,773 (-56.8%), from €529,624 to €228,851
- Taxes -€57,242
down €57,242 (-98.1%), from €58,326 to €1,084
- Financial charges +€29,504
up €29,504 (+51.4%), from €57,420 to €86,924
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 | €1,639,705 | €1,155,121 | -€484,584 | -29.6% |
| Fixed assets | 21/28 | €419,579 | €409,728 | -€9,851 | -2.3% |
| Tangible fixed assets | 22/27 | €419,579 | €409,728 | -€9,851 | -2.3% |
| Land and buildings | 22 | €341,871 | €357,835 | +€15,963 | +4.7% |
| Plant, machinery and equipment | 23 | €179 | €0 | -€179 | -100.0% |
| Furniture and vehicles | 24 | €77,528 | €51,893 | -€25,635 | -33.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,220,126 | €745,393 | -€474,733 | -38.9% |
| Stocks and contracts in progress | 3 | €819,044 | €373,588 | -€445,455 | -54.4% |
| Stocks | 30/36 | €819,044 | €373,588 | -€445,455 | -54.4% |
| Amounts receivable within one year | 40/41 | €391,120 | €357,476 | -€33,644 | -8.6% |
| Trade receivables | 40 | €225,744 | €80,086 | -€145,658 | -64.5% |
| Other amounts receivable | 41 | €165,376 | €277,390 | +€112,014 | +67.7% |
| Cash at bank and in hand | 54/58 | €8,784 | €2,749 | -€6,035 | -68.7% |
| Deferred charges and accrued income | 490/1 | €1,179 | €11,579 | +€10,400 | +882.1% |
| Total equity and liabilities | 10/49 | €1,639,705 | €1,155,121 | -€484,584 | -29.6% |
| Equity | 10/15 | €782,683 | €727,863 | -€54,820 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €764,083 | €709,263 | -€54,820 | -7.2% |
| Distributable reserves | 133 | €764,083 | €709,263 | -€54,820 | -7.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €857,021 | €427,257 | -€429,764 | -50.1% |
| Amounts payable after more than one year | 17 | €603,392 | €0 | -€603,392 | -100.0% |
| Financial debts | 170/4 | €603,392 | €0 | -€603,392 | -100.0% |
| Amounts payable within one year | 42/48 | €252,029 | €427,257 | +€175,228 | +69.5% |
| Current portion of amounts payable after more than one year | 42 | €24,600 | €23,392 | -€1,208 | -4.9% |
| Trade debts | 44 | €203,470 | €336,729 | +€133,259 | +65.5% |
| Suppliers | 440/4 | €203,470 | €336,729 | +€133,259 | +65.5% |
| Taxes, remuneration and social security | 45 | €23,959 | €66,771 | +€42,812 | +178.7% |
| Taxes | 450/3 | €23,959 | €58,332 | +€34,373 | +143.5% |
| Remuneration and social security | 454/9 | €0 | €8,439 | +€8,439 | |
| Other amounts payable | 47/48 | €0 | €366 | +€366 | |
| Accrued charges and deferred income | 492/3 | €1,600 | €0 | -€1,600 | -100.0% |
| Non-recurring operating income | 76A | €2,687 | €54,861 | +€52,174 | +1941.9% |
| Remuneration, social security and pensions | 62 | €30,750 | €30,832 | +€81 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,772 | €44,480 | +€10,708 | +31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €277,000 | -€277,000 | -€554,000 | |
| Other operating charges | 640/8 | €59,644 | €407,069 | +€347,425 | +582.5% |
| Non-recurring operating charges | 66A | €13,947 | €0 | -€13,947 | -100.0% |
| Gross operating margin | 9900 | €529,624 | €228,851 | -€300,773 | -56.8% |
| Operating profit (loss) | 9901 | €114,511 | €23,471 | -€91,040 | -79.5% |
| Financial income | 75/76B | €8,905 | €9,716 | +€811 | +9.1% |
| Recurring financial income | 75 | €8,905 | €9,716 | +€811 | +9.1% |
| Financial charges | 65/66B | €57,420 | €86,924 | +€29,504 | +51.4% |
| Recurring financial charges | 65 | €57,420 | €86,924 | +€29,504 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €65,995 | -€53,736 | -€119,732 | |
| Income taxes | 67/77 | €58,326 | €1,084 | -€57,242 | -98.1% |
| Profit (loss) for the period | 9904 | €7,670 | -€54,820 | -€62,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,670 | -€54,820 | -€62,490 |
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 9 October 2026 via checked.be.