EL ABD DEMNATI: what changed
EL ABD DEMNATI
Largest movements
- Tangible fixed assets +€60,332
up €60,332 (+15.6%), from €385,703 to €446,035
of which Plant, machinery and equipment: +€74,087
- Receivables within one year +€20,787
up €20,787 (+1,251%), from €1,661 to €22,448
of which Other amounts receivable: +€22,448
- Cash +€20,606
up €20,606 (+39.3%), from €52,471 to €73,076
mainly Net result for the year (+€71,407) and Current portion of long-term debt (+€43,982)
- Deferred charges and accrued income -€9,000
down €9,000 (-12.4%), from €72,361 to €63,361
- Contributions +€74,450
up €74,450 (+401%), from €18,550 to €93,000
- Reserves +€71,407
up €71,407 (+40.8%), from €175,000 to €246,407
- Profit (loss) carried forward -€70,257
no longer reported in 2025 (was €70,257)
- Current portion of long-term debt +€43,982
up €43,982 (+155%), from €28,354 to €72,336
- Debts after one year -€29,352
down €29,352 (-17.4%), from €168,939 to €139,587
- Gross operating margin -€41,747
down €41,747 (-17.2%), from €242,303 to €200,555
- Financial charges +€17,890
up €17,890 (+36.9%), from €48,454 to €66,344
- Taxes -€12,563
down €12,563 (-29.1%), from €43,115 to €30,552
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,196 | €604,920 | +€92,724 | +18.1% |
| Fixed assets | 21/28 | €385,703 | €446,035 | +€60,332 | +15.6% |
| Tangible fixed assets | 22/27 | €385,703 | €446,035 | +€60,332 | +15.6% |
| Land and buildings | 22 | €283,155 | €272,190 | -€10,965 | -3.9% |
| Plant, machinery and equipment | 23 | €81,743 | €155,830 | +€74,087 | +90.6% |
| Furniture and vehicles | 24 | €20,805 | €18,015 | -€2,790 | -13.4% |
| Current assets | 29/58 | €126,493 | €158,885 | +€32,393 | +25.6% |
| Amounts receivable within one year | 40/41 | €1,661 | €22,448 | +€20,787 | +1,251% |
| Trade receivables | 40 | €1,661 | - | -€1,661 | |
| Other amounts receivable | 41 | - | €22,448 | +€22,448 | |
| Cash at bank and in hand | 54/58 | €52,471 | €73,076 | +€20,606 | +39.3% |
| Deferred charges and accrued income | 490/1 | €72,361 | €63,361 | -€9,000 | -12.4% |
| Total equity and liabilities | 10/49 | €512,196 | €604,920 | +€92,724 | +18.1% |
| Equity | 10/15 | €263,807 | €339,407 | +€75,601 | +28.7% |
| Contributions | 10/11 | €18,550 | €93,000 | +€74,450 | +401% |
| Reserves | 13 | €175,000 | €246,407 | +€71,407 | +40.8% |
| Distributable reserves | 133 | €175,000 | €246,407 | +€71,407 | +40.8% |
| Profit (loss) carried forward | 14 | €70,257 | - | -€70,257 | |
| Amounts payable | 17/49 | €248,389 | €265,513 | +€17,124 | +6.9% |
| Amounts payable after more than one year | 17 | €168,939 | €139,587 | -€29,352 | -17.4% |
| Financial debts | 170/4 | €168,939 | €139,587 | -€29,352 | -17.4% |
| Amounts payable within one year | 42/48 | €79,450 | €125,926 | +€46,476 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €28,354 | €72,336 | +€43,982 | +155% |
| Trade debts | 44 | €7,615 | €8,573 | +€958 | +12.6% |
| Suppliers | 440/4 | €7,615 | €8,573 | +€958 | +12.6% |
| Taxes, remuneration and social security | 45 | €6,781 | €3,922 | -€2,859 | -42.2% |
| Taxes | 450/3 | €6,781 | €3,922 | -€2,859 | -42.2% |
| Other amounts payable | 47/48 | €36,700 | €41,095 | +€4,395 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,491 | €30,070 | +€579 | +2.0% |
| Other operating charges | 640/8 | €2,161 | €2,182 | +€21 | +1.0% |
| Gross operating margin | 9900 | €242,303 | €200,555 | -€41,747 | -17.2% |
| Operating profit (loss) | 9901 | €210,651 | €168,303 | -€42,348 | -20.1% |
| Financial charges | 65/66B | €48,454 | €66,344 | +€17,890 | +36.9% |
| Recurring financial charges | 65 | €48,454 | €66,344 | +€17,890 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €162,197 | €101,959 | -€60,238 | -37.1% |
| Income taxes | 67/77 | €43,115 | €30,552 | -€12,563 | -29.1% |
| Profit (loss) for the period | 9904 | €119,081 | €71,407 | -€47,674 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,081 | €71,407 | -€47,674 | -40.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.