ABSORMAT: 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.
ABSORMAT
Largest movements
- Receivables within one year -€25,782
down €25,782 (-53.8%), from €47,928 to €22,146
of which Trade receivables: -€30,907
- Cash -€25,588
down €25,588 (-58.4%), from €43,815 to €18,227
mainly Net result for the year (-€43,430) and Investment in fixed assets (net) (-€15,025)
- Tangible fixed assets -€17,425
down €17,425 (-13.2%), from €132,140 to €114,715
of which Land and buildings: -€10,563
- Formation expenses +€11,883
new in 2025: €11,883
- Reserves -€22,028
down €22,028 (-15.0%), from €146,871 to €124,843
- Profit (loss) carried forward -€21,402
no longer reported in 2025 (was €21,402)
- Debts after one year -€7,138
down €7,138 (-39.1%), from €18,234 to €11,095
- Tax, wage and social debts -€5,522
down €5,522 (-30.0%), from €18,425 to €12,903
of which Taxes: -€2,848
- Gross operating margin -€100,320
down €100,320 (-89.4%), from €112,268 to €11,948
- Taxes -€16,774
down €16,774, from €16,685 to -€89
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 | €223,984 | €167,686 | -€56,299 | -25.1% |
| Formation expenses | 20 | - | €11,883 | +€11,883 | |
| Fixed assets | 21/28 | €132,140 | €114,715 | -€17,425 | -13.2% |
| Tangible fixed assets | 22/27 | €132,140 | €114,715 | -€17,425 | -13.2% |
| Land and buildings | 22 | €94,060 | €83,497 | -€10,563 | -11.2% |
| Plant, machinery and equipment | 23 | €37,852 | €29,723 | -€8,129 | -21.5% |
| Furniture and vehicles | 24 | - | €1,099 | +€1,099 | |
| Other tangible fixed assets | 26 | €228 | €396 | +€169 | +74.1% |
| Current assets | 29/58 | €91,844 | €41,087 | -€50,757 | -55.3% |
| Amounts receivable within one year | 40/41 | €47,928 | €22,146 | -€25,782 | -53.8% |
| Trade receivables | 40 | €47,922 | €17,015 | -€30,907 | -64.5% |
| Other amounts receivable | 41 | €6 | €5,131 | +€5,125 | +81476.5% |
| Cash at bank and in hand | 54/58 | €43,815 | €18,227 | -€25,588 | -58.4% |
| Deferred charges and accrued income | 490/1 | €100 | €714 | +€614 | +613.6% |
| Total equity and liabilities | 10/49 | €223,984 | €167,686 | -€56,299 | -25.1% |
| Equity | 10/15 | €168,272 | €124,843 | -€43,430 | -25.8% |
| Reserves | 13 | €146,871 | €124,843 | -€22,028 | -15.0% |
| Distributable reserves | 133 | €146,871 | €124,843 | -€22,028 | -15.0% |
| Profit (loss) carried forward | 14 | €21,402 | - | -€21,402 | |
| Amounts payable | 17/49 | €55,712 | €42,843 | -€12,869 | -23.1% |
| Amounts payable after more than one year | 17 | €18,234 | €11,095 | -€7,138 | -39.1% |
| Financial debts | 170/4 | €18,234 | €11,095 | -€7,138 | -39.1% |
| Amounts payable within one year | 42/48 | €36,012 | €30,480 | -€5,532 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €6,938 | €7,138 | +€200 | +2.9% |
| Trade debts | 44 | €1,468 | €2,640 | +€1,172 | +79.8% |
| Suppliers | 440/4 | €1,468 | €2,640 | +€1,172 | +79.8% |
| Taxes, remuneration and social security | 45 | €18,425 | €12,903 | -€5,522 | -30.0% |
| Taxes | 450/3 | €14,287 | €11,439 | -€2,848 | -19.9% |
| Remuneration and social security | 454/9 | €4,138 | €1,464 | -€2,674 | -64.6% |
| Other amounts payable | 47/48 | €9,181 | €7,799 | -€1,382 | -15.1% |
| Accrued charges and deferred income | 492/3 | €1,466 | €1,267 | -€199 | -13.6% |
| Remuneration, social security and pensions | 62 | €31,954 | €32,200 | +€246 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,772 | €20,567 | +€795 | +4.0% |
| Other operating charges | 640/8 | €2,158 | €2,029 | -€129 | -6.0% |
| Gross operating margin | 9900 | €112,268 | €11,948 | -€100,320 | -89.4% |
| Operating profit (loss) | 9901 | €58,384 | -€42,848 | -€101,232 | |
| Financial income | 75/76B | €735 | €268 | -€467 | -63.5% |
| Recurring financial income | 75 | €735 | €268 | -€467 | -63.5% |
| Non-recurring financial income | 76B | €735 | - | -€735 | |
| Financial charges | 65/66B | €1,032 | €939 | -€93 | -9.0% |
| Recurring financial charges | 65 | €1,032 | €939 | -€93 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €58,087 | -€43,519 | -€101,606 | |
| Income taxes | 67/77 | €16,685 | -€89 | -€16,774 | |
| Profit (loss) for the period | 9904 | €41,402 | -€43,430 | -€84,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,402 | -€43,430 | -€84,831 |
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 3 October 2026 via checked.be.