De Abeel: 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.
De Abeel
Largest movements
- Tangible fixed assets +€444,722
up €444,722 (+28.3%), from €1.6m to €2.0m
of which Land and buildings: +€468,015
- Current investments +€240,432
up €240,432 (+16.9%), from €1.4m to €1.7m
- Reserves +€353,768
up €353,768 (+13.6%), from €2.6m to €3.0m
of which Tax-exempt reserves: +€353,321
- Other debts +€164,199
up €164,199 (+39.2%), from €418,408 to €582,607
- Provisions +€117,774
up €117,774 (+162.9%), from €72,290 to €190,064
- Gross operating margin +€278,821
up €278,821 (+91.3%), from €305,535 to €584,356
- Depreciation +€43,937
up €43,937 (+77.9%), from €56,392 to €100,329
- Financial charges +€11,739
up €11,739 (+2128.8%), from €551 to €12,290
- Financial income -€9,430
down €9,430 (-28.1%), from €33,609 to €24,179
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 | €3,118,561 | €3,756,450 | +€637,889 | +20.5% |
| Fixed assets | 21/28 | €1,569,507 | €2,014,229 | +€444,722 | +28.3% |
| Tangible fixed assets | 22/27 | €1,569,507 | €2,014,229 | +€444,722 | +28.3% |
| Land and buildings | 22 | €1,458,683 | €1,926,698 | +€468,015 | +32.1% |
| Furniture and vehicles | 24 | €110,824 | €87,531 | -€23,293 | -21.0% |
| Current assets | 29/58 | €1,549,054 | €1,742,220 | +€193,166 | +12.5% |
| Amounts receivable within one year | 40/41 | €33,140 | €21,120 | -€12,020 | -36.3% |
| Trade receivables | 40 | - | €16,014 | +€16,014 | |
| Other amounts receivable | 41 | €33,140 | €5,106 | -€28,034 | -84.6% |
| Current investments | 50/53 | €1,426,481 | €1,666,912 | +€240,432 | +16.9% |
| Cash at bank and in hand | 54/58 | €80,531 | €44,078 | -€36,453 | -45.3% |
| Deferred charges and accrued income | 490/1 | €8,902 | €10,110 | +€1,207 | +13.6% |
| Total equity and liabilities | 10/49 | €3,118,561 | €3,756,450 | +€637,889 | +20.5% |
| Equity | 10/15 | €2,615,035 | €2,968,803 | +€353,768 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,596,435 | €2,950,203 | +€353,768 | +13.6% |
| Tax-exempt reserves | 132 | €222,771 | €576,092 | +€353,321 | +158.6% |
| Distributable reserves | 133 | €2,373,664 | €2,374,111 | +€447 | 0.0% |
| Provisions and deferred taxes | 16 | €72,290 | €190,064 | +€117,774 | +162.9% |
| Deferred taxes | 168 | €72,290 | €190,064 | +€117,774 | +162.9% |
| Amounts payable | 17/49 | €431,236 | €597,583 | +€166,347 | +38.6% |
| Amounts payable within one year | 42/48 | €425,662 | €589,242 | +€163,580 | +38.4% |
| Trade debts | 44 | €1,982 | €1,685 | -€297 | -15.0% |
| Suppliers | 440/4 | €1,982 | €1,685 | -€297 | -15.0% |
| Advances received on contracts in progress | 46 | €1,735 | €1,300 | -€436 | -25.1% |
| Taxes, remuneration and social security | 45 | €3,538 | €3,651 | +€113 | +3.2% |
| Taxes | 450/3 | €1,438 | €1,551 | +€113 | +7.8% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €418,408 | €582,607 | +€164,199 | +39.2% |
| Accrued charges and deferred income | 492/3 | €5,574 | €8,341 | +€2,767 | +49.7% |
| Non-recurring operating income | 76A | €191,061 | €490,238 | +€299,177 | +156.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,392 | €100,329 | +€43,937 | +77.9% |
| Other operating charges | 640/8 | €25,298 | €24,374 | -€925 | -3.7% |
| Non-recurring operating charges | 66A | €150 | - | -€150 | |
| Gross operating margin | 9900 | €305,535 | €584,356 | +€278,821 | +91.3% |
| Operating profit (loss) | 9901 | €223,694 | €459,653 | +€235,958 | +105.5% |
| Financial income | 75/76B | €33,609 | €24,179 | -€9,430 | -28.1% |
| Recurring financial income | 75 | €33,609 | €24,179 | -€9,430 | -28.1% |
| Financial charges | 65/66B | €551 | €12,290 | +€11,739 | +2128.8% |
| Recurring financial charges | 65 | €551 | €12,290 | +€11,739 | +2128.8% |
| Profit (loss) for the period before taxes | 9903 | €256,752 | €471,542 | +€214,790 | +83.7% |
| Transfer from deferred taxes | 780 | €843 | €4,786 | +€3,943 | +468.0% |
| Transfer to deferred taxes | 680 | €45,087 | €122,559 | +€77,472 | +171.8% |
| Income taxes | 67/77 | €1,931 | - | -€1,931 | |
| Profit (loss) for the period | 9904 | €210,576 | €353,768 | +€143,192 | +68.0% |
| Transfer from tax-exempt reserves | 789 | €2,528 | €14,357 | +€11,829 | +468.0% |
| Transfer to tax-exempt reserves | 689 | €135,261 | €367,678 | +€232,417 | +171.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,842 | €447 | -€77,395 | -99.4% |
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 5 October 2026 via checked.be.