Dr. JOHAN ABELOOS: 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.
Dr. JOHAN ABELOOS
Largest movements
- Tangible fixed assets -€40,444
down €40,444 (-60.0%), from €67,403 to €26,958
of which Furniture and vehicles: -€36,961
- Receivables after one year +€17,204
up €17,204 (+4.1%), from €415,000 to €432,204
- Receivables within one year +€16,194
up €16,194 (+7.6%), from €214,493 to €230,687
of which Trade receivables: +€24,000
- Deferred charges and accrued income +€12,064
up €12,064 (+49.2%), from €24,499 to €36,563
- Other debts +€50,473
up €50,473 (+114%), from €44,284 to €94,757
- Debts after one year -€18,240
down €18,240 (-100%), from €18,240 to €0
- Tax, wage and social debts -€14,351
down €14,351 (-36.1%), from €39,802 to €25,451
of which Taxes: -€14,351
- Current portion of long-term debt -€12,886
down €12,886 (-41.4%), from €31,126 to €18,240
- Gross operating margin -€32,421
down €32,421 (-16.1%), from €201,047 to €168,626
- Financial income -€16,277
down €16,277 (-49.9%), from €32,602 to €16,326
- Taxes -€12,631
down €12,631 (-19.0%), from €66,479 to €53,848
- Financial charges -€6,347
down €6,347 (-78.2%), from €8,114 to €1,767
- Depreciation -€4,266
down €4,266 (-9.5%), from €44,710 to €40,444
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.
Derived cash bridge
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 | €1,006,825 | €1,009,852 | +€3,027 | +0.3% |
| Fixed assets | 21/28 | €67,403 | €26,958 | -€40,444 | -60.0% |
| Tangible fixed assets | 22/27 | €67,403 | €26,958 | -€40,444 | -60.0% |
| Land and buildings | 22 | €7,882 | €5,627 | -€2,255 | -28.6% |
| Plant, machinery and equipment | 23 | €4,043 | €2,815 | -€1,228 | -30.4% |
| Furniture and vehicles | 24 | €55,477 | €18,517 | -€36,961 | -66.6% |
| Current assets | 29/58 | €939,422 | €982,894 | +€43,472 | +4.6% |
| Amounts receivable after more than one year | 29 | €415,000 | €432,204 | +€17,204 | +4.1% |
| Other amounts receivable | 291 | €415,000 | €432,204 | +€17,204 | +4.1% |
| Amounts receivable within one year | 40/41 | €214,493 | €230,687 | +€16,194 | +7.6% |
| Trade receivables | 40 | - | €24,000 | +€24,000 | |
| Other amounts receivable | 41 | €214,493 | €206,687 | -€7,806 | -3.6% |
| Current investments | 50/53 | €221,250 | €221,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,181 | €62,189 | -€1,991 | -3.1% |
| Deferred charges and accrued income | 490/1 | €24,499 | €36,563 | +€12,064 | +49.2% |
| Total equity and liabilities | 10/49 | €1,006,825 | €1,009,852 | +€3,027 | +0.3% |
| Equity | 10/15 | €836,301 | €846,017 | +€9,716 | +1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €817,500 | €827,467 | +€9,967 | +1.2% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €817,500 | €827,467 | +€9,967 | +1.2% |
| Profit (loss) carried forward | 14 | €251 | €0 | -€251 | -100% |
| Amounts payable | 17/49 | €170,523 | €163,835 | -€6,689 | -3.9% |
| Amounts payable after more than one year | 17 | €18,240 | €0 | -€18,240 | -100% |
| Financial debts | 170/4 | €18,240 | €0 | -€18,240 | -100% |
| Amounts payable within one year | 42/48 | €143,091 | €160,553 | +€17,462 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €31,126 | €18,240 | -€12,886 | -41.4% |
| Financial debts | 43 | €16,904 | €15,140 | -€1,764 | -10.4% |
| Credit institutions | 430/8 | €16,904 | €15,140 | -€1,764 | -10.4% |
| Trade debts | 44 | €10,975 | €6,964 | -€4,011 | -36.5% |
| Suppliers | 440/4 | €10,975 | €6,964 | -€4,011 | -36.5% |
| Taxes, remuneration and social security | 45 | €39,802 | €25,451 | -€14,351 | -36.1% |
| Taxes | 450/3 | €39,644 | €25,293 | -€14,351 | -36.2% |
| Remuneration and social security | 454/9 | €159 | €159 | = | 0.0% |
| Other amounts payable | 47/48 | €44,284 | €94,757 | +€50,473 | +114% |
| Accrued charges and deferred income | 492/3 | €9,192 | €3,282 | -€5,910 | -64.3% |
| Remuneration, social security and pensions | 62 | €220 | - | -€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,710 | €40,444 | -€4,266 | -9.5% |
| Other operating charges | 640/8 | €2,280 | €2,477 | +€197 | +8.7% |
| Gross operating margin | 9900 | €201,047 | €168,626 | -€32,421 | -16.1% |
| Operating profit (loss) | 9901 | €153,837 | €125,705 | -€28,133 | -18.3% |
| Financial income | 75/76B | €32,602 | €16,326 | -€16,277 | -49.9% |
| Recurring financial income | 75 | €32,602 | €16,326 | -€16,277 | -49.9% |
| Financial charges | 65/66B | €8,114 | €1,767 | -€6,347 | -78.2% |
| Recurring financial charges | 65 | €8,114 | €1,767 | -€6,347 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €178,326 | €140,263 | -€38,062 | -21.3% |
| Income taxes | 67/77 | €66,479 | €53,848 | -€12,631 | -19.0% |
| Profit (loss) for the period | 9904 | €111,847 | €86,416 | -€25,431 | -22.7% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €153,947 | €86,416 | -€67,531 | -43.9% |
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 16 October 2026 via checked.be.