ABSORB: 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.
What changed
ABSORB
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,040
2024 · -€41,138+€44,179
Equity
€1.3m
2024 · €1.3m+€3,040
Cash
€18,762
2024 · €16,453+€2,308
Balance sheet total
€2.1m
2024 · €2.3m-€199,744
Largest movements
Assets
- Tangible fixed assets -€104,855
down €104,855 (-11.4%), from €919,902 to €815,047
of which Leasing and similar rights: -€129,615
- Receivables within one year -€98,025
down €98,025 (-7.3%), from €1.3m to €1.2m
of which Trade receivables: -€138,341
Equity and liabilities
- Trade debts -€66,664
down €66,664 (-26.7%), from €250,052 to €183,389
- Current portion of long-term debt -€51,437
down €51,437 (-29.6%), from €173,639 to €122,202
- Debts after one year -€45,550
down €45,550 (-64.4%), from €70,731 to €25,181
Income statement
- Other operating charges -€22,820
down €22,820 (-27.1%), from €84,307 to €61,488
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.
Result 2024
-€41,138
Gross operating margin
-€8,543
Staff costs
+€11,379
Depreciation
+€7,978
Write-downs
-€1,489
Other operating charges
+€22,820
Other operating items
-€2,364
Financial income
+€1,037
Financial charges
+€10,990
Taxes
+€2,371
Result 2025
€3,040
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.
From operations
+€128,426
Investment
-€14,420
Financing
-€111,698
Cash 2024
€16,453
From operations (derived)
+€128,426
Net result for the year
+€3,040
Depreciation
+€119,275
Stocks and contracts
+€4,052
Receivables within one year
+€98,025
Deferred charges and accrued income
-€4,880
Trade debts
-€66,664
Tax, wage and social debts
-€5,078
Other debts
-€14,180
Accrued charges and deferred income
-€5,164
Investment (derived)
-€14,420
Investment in fixed assets (net)
-€14,420
Financing
-€111,698
Debts after one year
-€45,550
Current portion of long-term debt
-€51,437
Short-term financial debts
-€14,711
Cash 2025
€18,762
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,319,415 | €2,119,671 | -€199,744 | -8.6% |
| Fixed assets | 21/28 | €919,902 | €815,047 | -€104,855 | -11.4% |
| Tangible fixed assets | 22/27 | €919,902 | €815,047 | -€104,855 | -11.4% |
| Land and buildings | 22 | €672,640 | €670,133 | -€2,507 | -0.4% |
| Plant, machinery and equipment | 23 | €40,320 | €20,577 | -€19,743 | -49.0% |
| Furniture and vehicles | 24 | €3,788 | €50,799 | +€47,010 | +1240.9% |
| Leasing and similar rights | 25 | €203,154 | €73,539 | -€129,615 | -63.8% |
| Current assets | 29/58 | €1,399,512 | €1,304,623 | -€94,889 | -6.8% |
| Stocks and contracts in progress | 3 | €13,431 | €9,378 | -€4,052 | -30.2% |
| Stocks | 30/36 | €13,431 | €9,378 | -€4,052 | -30.2% |
| Amounts receivable within one year | 40/41 | €1,339,767 | €1,241,742 | -€98,025 | -7.3% |
| Trade receivables | 40 | €449,318 | €310,977 | -€138,341 | -30.8% |
| Other amounts receivable | 41 | €890,449 | €930,765 | +€40,316 | +4.5% |
| Cash at bank and in hand | 54/58 | €16,453 | €18,762 | +€2,308 | +14.0% |
| Deferred charges and accrued income | 490/1 | €29,861 | €34,741 | +€4,880 | +16.3% |
| Total equity and liabilities | 10/49 | €2,319,415 | €2,119,671 | -€199,744 | -8.6% |
| Equity | 10/15 | €1,273,220 | €1,276,260 | +€3,040 | +0.2% |
| Contributions | 10/11 | €257,992 | €257,992 | = | 0.0% |
| Reserves | 13 | €1,015,228 | €1,018,268 | +€3,040 | +0.3% |
| Distributable reserves | 133 | €1,015,228 | €1,018,268 | +€3,040 | +0.3% |
| Amounts payable | 17/49 | €1,046,194 | €843,410 | -€202,784 | -19.4% |
| Amounts payable after more than one year | 17 | €70,731 | €25,181 | -€45,550 | -64.4% |
| Financial debts | 170/4 | €70,731 | €25,181 | -€45,550 | -64.4% |
| Amounts payable within one year | 42/48 | €955,831 | €803,761 | -€152,070 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €173,639 | €122,202 | -€51,437 | -29.6% |
| Financial debts | 43 | €60,131 | €45,420 | -€14,711 | -24.5% |
| Credit institutions | 430/8 | €60,131 | €45,420 | -€14,711 | -24.5% |
| Trade debts | 44 | €250,052 | €183,389 | -€66,664 | -26.7% |
| Suppliers | 440/4 | €250,052 | €183,389 | -€66,664 | -26.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €236,998 | €231,920 | -€5,078 | -2.1% |
| Taxes | 450/3 | €18,858 | €35,105 | +€16,247 | +86.2% |
| Remuneration and social security | 454/9 | €218,140 | €196,815 | -€21,325 | -9.8% |
| Other amounts payable | 47/48 | €235,011 | €220,831 | -€14,180 | -6.0% |
| Accrued charges and deferred income | 492/3 | €19,632 | €14,468 | -€5,164 | -26.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,577,586 | €1,566,207 | -€11,379 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,252 | €119,275 | -€7,978 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €640 | €2,129 | +€1,489 | +232.7% |
| Other operating charges | 640/8 | €84,307 | €61,488 | -€22,820 | -27.1% |
| Non-recurring operating charges | 66A | - | €2,364 | +€2,364 | |
| Gross operating margin | 9900 | €1,768,658 | €1,760,115 | -€8,543 | -0.5% |
| Operating profit (loss) | 9901 | -€21,128 | €8,652 | +€29,780 | |
| Financial income | 75/76B | €24,823 | €25,860 | +€1,037 | +4.2% |
| Recurring financial income | 75 | €24,823 | €25,860 | +€1,037 | +4.2% |
| Financial charges | 65/66B | €40,561 | €29,571 | -€10,990 | -27.1% |
| Recurring financial charges | 65 | €40,561 | €29,571 | -€10,990 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,866 | €4,941 | +€41,807 | |
| Income taxes | 67/77 | €4,272 | €1,901 | -€2,371 | -55.5% |
| Profit (loss) for the period | 9904 | -€41,138 | €3,040 | +€44,179 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,138 | €3,040 | +€44,179 |
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.