Lode Van den Abeele: 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.
What changed
Lode Van den Abeele
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€209,311
2024 · €227,095-€17,785
Equity
€2.7m
2024 · €2.5m+€209,311
Cash
€241,907
2024 · €216,607+€25,301
Balance sheet total
€4.3m
2024 · €4.3m+€11,338
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€215,705
down €215,705 (-14.9%), from €1.5m to €1.2m
of which Financial debts: -€960,437
- Reserves +€209,311
up €209,311 (+8.5%), from €2.5m to €2.7m
Income statement
- Gross operating margin -€31,937
down €31,937 (-8.7%), from €365,117 to €333,179
- Taxes -€8,302
down €8,302 (-9.3%), from €89,151 to €80,850
- Financial charges -€3,879
down €3,879 (-4.1%), from €94,181 to €90,302
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.
Result 2024
€227,095
Gross operating margin
-€31,937
Depreciation
+€3,095
Other operating charges
-€218
Financial income
-€906
Financial charges
+€3,879
Taxes
+€8,302
Result 2025
€209,311
raises the resultlowers the result
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.
From operations
+€240,864
Investment
-€965
Financing
-€214,599
Cash 2024
€216,607
From operations (derived)
+€240,864
Net result for the year
+€209,311
Depreciation
+€14,221
Receivables within one year
+€817
Deferred charges and accrued income
-€111
Trade debts
+€780
Tax, wage and social debts
+€17,635
Other debts
+€2,274
Accrued charges and deferred income
-€4,063
Investment (derived)
-€965
Investment in fixed assets (net)
-€965
Financing
-€214,599
Debts after one year
-€215,705
Current portion of long-term debt
+€1,106
Cash 2025
€241,907
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,271,936 | €4,283,274 | +€11,338 | +0.3% |
| Fixed assets | 21/28 | €4,052,635 | €4,039,378 | -€13,256 | -0.3% |
| Intangible fixed assets | 21 | €3,042 | €2,348 | -€695 | -22.8% |
| Tangible fixed assets | 22/27 | €34,674 | €22,112 | -€12,562 | -36.2% |
| Furniture and vehicles | 24 | €10,040 | €7,861 | -€2,180 | -21.7% |
| Other tangible fixed assets | 26 | €24,633 | €14,251 | -€10,382 | -42.1% |
| Financial fixed assets | 28 | €4,014,919 | €4,014,919 | = | 0.0% |
| Current assets | 29/58 | €219,301 | €243,896 | +€24,595 | +11.2% |
| Amounts receivable within one year | 40/41 | €817 | €0 | -€817 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €817 | €0 | -€817 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €216,607 | €241,907 | +€25,301 | +11.7% |
| Deferred charges and accrued income | 490/1 | €1,877 | €1,989 | +€111 | +5.9% |
| Total equity and liabilities | 10/49 | €4,271,936 | €4,283,274 | +€11,338 | +0.3% |
| Equity | 10/15 | €2,484,717 | €2,694,028 | +€209,311 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,466,117 | €2,675,428 | +€209,311 | +8.5% |
| Distributable reserves | 133 | €2,466,117 | €2,675,428 | +€209,311 | +8.5% |
| Amounts payable | 17/49 | €1,787,219 | €1,589,247 | -€197,973 | -11.1% |
| Amounts payable after more than one year | 17 | €1,450,900 | €1,235,195 | -€215,705 | -14.9% |
| Financial debts | 170/4 | €960,437 | €0 | -€960,437 | -100% |
| Other amounts payable | 178/9 | €490,463 | €1,235,195 | +€744,732 | +152% |
| Amounts payable within one year | 42/48 | €332,256 | €354,052 | +€21,795 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €209,331 | €210,437 | +€1,106 | +0.5% |
| Trade debts | 44 | €12,125 | €12,905 | +€780 | +6.4% |
| Suppliers | 440/4 | €12,125 | €12,905 | +€780 | +6.4% |
| Taxes, remuneration and social security | 45 | €37,603 | €55,238 | +€17,635 | +46.9% |
| Taxes | 450/3 | €34,261 | €51,871 | +€17,610 | +51.4% |
| Remuneration and social security | 454/9 | €3,342 | €3,367 | +€25 | +0.7% |
| Other amounts payable | 47/48 | €73,198 | €75,472 | +€2,274 | +3.1% |
| Accrued charges and deferred income | 492/3 | €4,063 | €0 | -€4,063 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,316 | €14,221 | -€3,095 | -17.9% |
| Other operating charges | 640/8 | €1,967 | €2,185 | +€218 | +11.1% |
| Gross operating margin | 9900 | €365,117 | €333,179 | -€31,937 | -8.7% |
| Operating profit (loss) | 9901 | €345,833 | €316,773 | -€29,060 | -8.4% |
| Financial income | 75/76B | €64,595 | €63,689 | -€906 | -1.4% |
| Recurring financial income | 75 | €64,595 | €63,689 | -€906 | -1.4% |
| Financial charges | 65/66B | €94,181 | €90,302 | -€3,879 | -4.1% |
| Recurring financial charges | 65 | €94,181 | €90,302 | -€3,879 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €316,247 | €290,161 | -€26,086 | -8.2% |
| Income taxes | 67/77 | €89,151 | €80,850 | -€8,302 | -9.3% |
| Profit (loss) for the period | 9904 | €227,095 | €209,311 | -€17,785 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €227,095 | €209,311 | -€17,785 | -7.8% |
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 25 October 2026 via checked.be.