ABVS: what changed
Two financial 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.
ABVS
Largest movements
- Receivables within one year -€49,366
down €49,366 (-47.5%), from €103,943 to €54,576
of which Other amounts receivable: -€49,366
- Cash +€34,772
up €34,772 (+81.3%), from €42,764 to €77,536
mainly Net result for the year (+€106,201) and Receivables within one year (+€49,366)
- Intangible fixed assets -€32,000
down €32,000 (-18.9%), from €169,705 to €137,705
- Deferred charges and accrued income -€4,687
down €4,687 (-11.6%), from €40,266 to €35,580
- Debts after one year -€59,377
down €59,377 (-23.1%), from €256,797 to €197,420
- Current portion of long-term debt +€27,740
up €27,740 (+49.9%), from €55,544 to €83,284
- Short-term financial debts -€16,588
no longer reported in 2025 (was €16,588)
- Trade debts -€6,470
down €6,470 (-81.2%), from €7,969 to €1,499
- Gross operating margin +€45,959
up €45,959 (+22.5%), from €204,001 to €249,960
- Taxes +€11,505
up €11,505 (+54.7%), from €21,037 to €32,542
- Staff costs +€10,583
up €10,583 (+18.2%), from €58,199 to €68,783
- Financial income +€9,150
up €9,150 (+2170.7%), from €422 to €9,572
- Other operating charges +€4,049
up €4,049 (+233.6%), from €1,733 to €5,782
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 | €381,860 | €329,055 | -€52,805 | -13.8% |
| Fixed assets | 21/28 | €194,888 | €161,363 | -€33,525 | -17.2% |
| Intangible fixed assets | 21 | €169,705 | €137,705 | -€32,000 | -18.9% |
| Tangible fixed assets | 22/27 | €25,183 | €23,658 | -€1,525 | -6.1% |
| Land and buildings | 22 | €23,714 | €23,658 | -€56 | -0.2% |
| Furniture and vehicles | 24 | €1,469 | €0 | -€1,469 | -100.0% |
| Current assets | 29/58 | €186,973 | €167,692 | -€19,281 | -10.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €103,943 | €54,576 | -€49,366 | -47.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €103,943 | €54,576 | -€49,366 | -47.5% |
| Cash at bank and in hand | 54/58 | €42,764 | €77,536 | +€34,772 | +81.3% |
| Deferred charges and accrued income | 490/1 | €40,266 | €35,580 | -€4,687 | -11.6% |
| Total equity and liabilities | 10/49 | €381,860 | €329,055 | -€52,805 | -13.8% |
| Equity | 10/15 | €15,000 | €15,000 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €366,860 | €314,055 | -€52,805 | -14.4% |
| Amounts payable after more than one year | 17 | €256,797 | €197,420 | -€59,377 | -23.1% |
| Financial debts | 170/4 | €256,797 | €197,420 | -€59,377 | -23.1% |
| Amounts payable within one year | 42/48 | €110,063 | €116,635 | +€6,572 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €55,544 | €83,284 | +€27,740 | +49.9% |
| Financial debts | 43 | €16,588 | - | -€16,588 | |
| Credit institutions | 430/8 | €16,588 | - | -€16,588 | |
| Trade debts | 44 | €7,969 | €1,499 | -€6,470 | -81.2% |
| Suppliers | 440/4 | €7,969 | €1,499 | -€6,470 | -81.2% |
| Taxes, remuneration and social security | 45 | €29,962 | €31,852 | +€1,889 | +6.3% |
| Taxes | 450/3 | €22,580 | €20,721 | -€1,859 | -8.2% |
| Remuneration and social security | 454/9 | €7,382 | €11,131 | +€3,749 | +50.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €58,199 | €68,783 | +€10,583 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,849 | €38,104 | -€2,745 | -6.7% |
| Other operating charges | 640/8 | €1,733 | €5,782 | +€4,049 | +233.6% |
| Gross operating margin | 9900 | €204,001 | €249,960 | +€45,959 | +22.5% |
| Operating profit (loss) | 9901 | €103,219 | €137,291 | +€34,072 | +33.0% |
| Financial income | 75/76B | €422 | €9,572 | +€9,150 | +2170.7% |
| Recurring financial income | 75 | €422 | €9,572 | +€9,150 | +2170.7% |
| Financial charges | 65/66B | €10,822 | €8,120 | -€2,702 | -25.0% |
| Recurring financial charges | 65 | €10,822 | €8,120 | -€2,702 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €92,819 | €138,743 | +€45,924 | +49.5% |
| Income taxes | 67/77 | €21,037 | €32,542 | +€11,505 | +54.7% |
| Profit (loss) for the period | 9904 | €71,781 | €106,201 | +€34,419 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,781 | €106,201 | +€34,419 | +48.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.