ABZ: 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.
ABZ
Largest movements
- Receivables within one year -€300,228
down €300,228 (-46.2%), from €650,014 to €349,786
of which Other amounts receivable: -€300,000
- Stocks and contracts +€259,826
up €259,826 (+86.9%), from €298,981 to €558,807
- Deferred charges and accrued income -€103,003
down €103,003 (-9.1%), from €1.1m to €1.0m
- Tangible fixed assets -€44,065
down €44,065 (-5.6%), from €784,527 to €740,462
- Cash -€36,445
down €36,445 (-15.5%), from €235,198 to €198,753
mainly Accrued charges and deferred income (-€450,000) and Stocks and contracts (-€259,826)
- Accrued charges and deferred income -€450,000
no longer reported in 2025 (was €450,000)
- Reserves +€144,143
up €144,143 (+14.2%), from €1.0m to €1.2m
of which Distributable reserves: +€144,143
- Debts after one year -€111,861
down €111,861 (-13.7%), from €815,270 to €703,409
- Other debts +€100,000
new in 2025: €100,000
- Trade debts +€59,541
up €59,541 (+146.1%), from €40,766 to €100,307
- Staff costs +€127,313
up €127,313 (+33.5%), from €379,870 to €507,183
- Taxes +€99,284
up €99,284, from -€2,368 to €96,916
- Gross operating margin +€41,869
up €41,869 (+4.3%), from €962,587 to €1.0m
- Depreciation +€28,449
up €28,449 (+39.5%), from €71,990 to €100,439
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 | €3,096,175 | €2,872,260 | -€223,915 | -7.2% |
| Fixed assets | 21/28 | €784,527 | €740,462 | -€44,065 | -5.6% |
| Tangible fixed assets | 22/27 | €784,527 | €740,462 | -€44,065 | -5.6% |
| Land and buildings | 22 | €495,918 | €481,808 | -€14,110 | -2.8% |
| Plant, machinery and equipment | 23 | €204,303 | €188,873 | -€15,430 | -7.6% |
| Furniture and vehicles | 24 | €84,306 | €69,781 | -€14,525 | -17.2% |
| Current assets | 29/58 | €2,311,648 | €2,131,798 | -€179,850 | -7.8% |
| Stocks and contracts in progress | 3 | €298,981 | €558,807 | +€259,826 | +86.9% |
| Stocks | 30/36 | €298,981 | €558,807 | +€259,826 | +86.9% |
| Amounts receivable within one year | 40/41 | €650,014 | €349,786 | -€300,228 | -46.2% |
| Trade receivables | 40 | €350,014 | €349,786 | -€228 | -0.1% |
| Other amounts receivable | 41 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €235,198 | €198,753 | -€36,445 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,127,455 | €1,024,452 | -€103,003 | -9.1% |
| Total equity and liabilities | 10/49 | €3,096,175 | €2,872,260 | -€223,915 | -7.2% |
| Equity | 10/15 | €1,622,636 | €1,766,779 | +€144,143 | +8.9% |
| Contributions | 10/11 | €247,893 | €247,893 | = | 0.0% |
| Capital | 10 | €247,893 | €247,893 | = | 0.0% |
| Issued capital | 100 | €247,893 | €247,893 | = | 0.0% |
| Revaluation surpluses | 12 | €356,360 | €356,360 | = | 0.0% |
| Reserves | 13 | €1,018,383 | €1,162,526 | +€144,143 | +14.2% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €937,344 | €1,081,487 | +€144,143 | +15.4% |
| Amounts payable | 17/49 | €1,473,539 | €1,105,481 | -€368,058 | -25.0% |
| Amounts payable after more than one year | 17 | €815,270 | €703,409 | -€111,861 | -13.7% |
| Financial debts | 170/4 | €815,270 | €703,409 | -€111,861 | -13.7% |
| Amounts payable within one year | 42/48 | €208,269 | €402,072 | +€193,803 | +93.1% |
| Current portion of amounts payable after more than one year | 42 | €111,250 | €111,860 | +€610 | +0.5% |
| Trade debts | 44 | €40,766 | €100,307 | +€59,541 | +146.1% |
| Suppliers | 440/4 | €40,766 | €100,307 | +€59,541 | +146.1% |
| Taxes, remuneration and social security | 45 | €56,253 | €89,905 | +€33,652 | +59.8% |
| Taxes | 450/3 | - | €24,000 | +€24,000 | |
| Remuneration and social security | 454/9 | €56,253 | €65,905 | +€9,652 | +17.2% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €450,000 | - | -€450,000 | |
| Remuneration, social security and pensions | 62 | €379,870 | €507,183 | +€127,313 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,990 | €100,439 | +€28,449 | +39.5% |
| Other operating charges | 640/8 | €23,726 | €23,549 | -€177 | -0.7% |
| Gross operating margin | 9900 | €962,587 | €1,004,456 | +€41,869 | +4.3% |
| Operating profit (loss) | 9901 | €487,001 | €373,285 | -€113,716 | -23.4% |
| Financial income | 75/76B | €25,804 | €25,356 | -€448 | -1.7% |
| Recurring financial income | 75 | €23,054 | €16,030 | -€7,024 | -30.5% |
| Non-recurring financial income | 76B | €2,750 | €9,326 | +€6,576 | +239.1% |
| Financial charges | 65/66B | €47,862 | €57,582 | +€9,720 | +20.3% |
| Recurring financial charges | 65 | €47,862 | €54,327 | +€6,465 | +13.5% |
| Non-recurring financial charges | 66B | - | €3,255 | +€3,255 | |
| Profit (loss) for the period before taxes | 9903 | €464,943 | €341,059 | -€123,884 | -26.6% |
| Income taxes | 67/77 | -€2,368 | €96,916 | +€99,284 | |
| Profit (loss) for the period | 9904 | €467,311 | €244,143 | -€223,168 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €467,311 | €244,143 | -€223,168 | -47.8% |
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.