VAN DEN ABEELE: 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.
VAN DEN ABEELE
Largest movements
- Cash -€53,253
down €53,253 (-61.1%), from €87,125 to €33,872
mainly Investment in fixed assets (net) (-€57,384) and Receivables within one year (-€38,399)
- Tangible fixed assets +€45,734
up €45,734 (+361.5%), from €12,653 to €58,387
of which Furniture and vehicles: +€44,683
- Receivables within one year +€38,399
up €38,399 (+178.5%), from €21,506 to €59,905
of which Other amounts receivable: +€21,573
- Receivables after one year +€6,000
new in 2025: €6,000
- Deferred charges and accrued income -€3,392
down €3,392 (-32.2%), from €10,536 to €7,144
- Debts after one year +€28,734
new in 2025: €28,734
- Current portion of long-term debt +€7,820
new in 2025: €7,820
- Trade debts -€6,367
down €6,367 (-29.5%), from €21,589 to €15,222
- Reserves +€2,112
up €2,112 (+2.8%), from €74,857 to €76,969
- Gross operating margin -€26,236
down €26,236 (-26.4%), from €99,284 to €73,047
- Staff costs -€10,306
down €10,306 (-16.5%), from €62,401 to €52,095
- Taxes -€7,943
down €7,943 (-92.9%), from €8,550 to €607
- Depreciation +€7,536
up €7,536 (+183.2%), from €4,114 to €11,650
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 | €132,382 | €165,869 | +€33,487 | +25.3% |
| Fixed assets | 21/28 | €13,214 | €58,948 | +€45,734 | +346.1% |
| Tangible fixed assets | 22/27 | €12,653 | €58,387 | +€45,734 | +361.5% |
| Plant, machinery and equipment | 23 | €2,945 | €3,996 | +€1,051 | +35.7% |
| Furniture and vehicles | 24 | €9,708 | €54,391 | +€44,683 | +460.3% |
| Financial fixed assets | 28 | €562 | €562 | = | 0.0% |
| Current assets | 29/58 | €119,168 | €106,921 | -€12,247 | -10.3% |
| Amounts receivable after more than one year | 29 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 291 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €21,506 | €59,905 | +€38,399 | +178.5% |
| Trade receivables | 40 | €20,263 | €37,088 | +€16,825 | +83.0% |
| Other amounts receivable | 41 | €1,244 | €22,817 | +€21,573 | +1734.6% |
| Cash at bank and in hand | 54/58 | €87,125 | €33,872 | -€53,253 | -61.1% |
| Deferred charges and accrued income | 490/1 | €10,536 | €7,144 | -€3,392 | -32.2% |
| Total equity and liabilities | 10/49 | €132,382 | €165,869 | +€33,487 | +25.3% |
| Equity | 10/15 | €94,857 | €96,969 | +€2,112 | +2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €74,857 | €76,969 | +€2,112 | +2.8% |
| Distributable reserves | 133 | €74,857 | €76,969 | +€2,112 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,525 | €68,901 | +€31,376 | +83.6% |
| Amounts payable after more than one year | 17 | - | €28,734 | +€28,734 | |
| Financial debts | 170/4 | - | €28,734 | +€28,734 | |
| Amounts payable within one year | 42/48 | €37,459 | €40,099 | +€2,640 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,820 | +€7,820 | |
| Trade debts | 44 | €21,589 | €15,222 | -€6,367 | -29.5% |
| Suppliers | 440/4 | €21,589 | €15,222 | -€6,367 | -29.5% |
| Taxes, remuneration and social security | 45 | €13,293 | €14,480 | +€1,187 | +8.9% |
| Taxes | 450/3 | €11,977 | €9,450 | -€2,527 | -21.1% |
| Remuneration and social security | 454/9 | €1,316 | €5,029 | +€3,714 | +282.3% |
| Other amounts payable | 47/48 | €2,577 | €2,577 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €62,401 | €52,095 | -€10,306 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,114 | €11,650 | +€7,536 | +183.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,566 | €3,161 | -€405 | -11.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €99,284 | €73,047 | -€26,236 | -26.4% |
| Operating profit (loss) | 9901 | €29,202 | €6,141 | -€23,061 | -79.0% |
| Financial income | 75/76B | €3 | €386 | +€383 | +14137.6% |
| Recurring financial income | 75 | €3 | €386 | +€383 | +14137.6% |
| Financial charges | 65/66B | €389 | €1,231 | +€843 | +216.7% |
| Recurring financial charges | 65 | €389 | €1,231 | +€843 | +216.7% |
| Profit (loss) for the period before taxes | 9903 | €28,816 | €5,296 | -€23,520 | -81.6% |
| Income taxes | 67/77 | €8,550 | €607 | -€7,943 | -92.9% |
| Profit (loss) for the period | 9904 | €20,266 | €4,689 | -€15,577 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,266 | €4,689 | -€15,577 | -76.9% |
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.