A.B.F. Ter: 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.
A.B.F. Ter
Largest movements
- Receivables within one year +€169,436
up €169,436 (+71.6%), from €236,745 to €406,181
of which Other amounts receivable: +€174,234
- Tangible fixed assets -€19,159
down €19,159 (-12.7%), from €150,904 to €131,745
of which Land and buildings: -€14,874
- Other debts +€173,000
up €173,000 (+76.9%), from €225,000 to €398,000
- Debts after one year -€47,429
down €47,429 (-50.1%), from €94,730 to €47,301
- Profit (loss) carried forward +€38,453
up €38,453 (+9.3%), from €412,023 to €450,475
- Financial income +€173,014
up €173,014 (+76.8%), from €225,158 to €398,172
- Gross operating margin -€75,513
down €75,513 (-39.8%), from €189,739 to €114,226
- Staff costs -€55,217
down €55,217 (-58.6%), from €94,176 to €38,958
- Taxes -€5,825
down €5,825 (-30.5%), from €19,095 to €13,270
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 | €989,929 | €1,146,629 | +€156,700 | +15.8% |
| Fixed assets | 21/28 | €715,110 | €695,950 | -€19,159 | -2.7% |
| Tangible fixed assets | 22/27 | €150,904 | €131,745 | -€19,159 | -12.7% |
| Land and buildings | 22 | €139,368 | €124,495 | -€14,874 | -10.7% |
| Other tangible fixed assets | 26 | €11,536 | €7,250 | -€4,286 | -37.2% |
| Financial fixed assets | 28 | €564,206 | €564,206 | = | 0.0% |
| Current assets | 29/58 | €274,820 | €450,679 | +€175,859 | +64.0% |
| Amounts receivable within one year | 40/41 | €236,745 | €406,181 | +€169,436 | +71.6% |
| Trade receivables | 40 | €10,197 | €5,400 | -€4,798 | -47.0% |
| Other amounts receivable | 41 | €226,548 | €400,782 | +€174,234 | +76.9% |
| Cash at bank and in hand | 54/58 | €38,075 | €44,498 | +€6,423 | +16.9% |
| Total equity and liabilities | 10/49 | €989,929 | €1,146,629 | +€156,700 | +15.8% |
| Equity | 10/15 | €600,088 | €638,540 | +€38,453 | +6.4% |
| Contributions | 10/11 | €186,205 | €186,205 | = | 0.0% |
| Contributions outside capital | 11 | €186,205 | €186,205 | = | 0.0% |
| Other | 1109/19 | €186,205 | €186,205 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412,023 | €450,475 | +€38,453 | +9.3% |
| Amounts payable | 17/49 | €389,842 | €508,089 | +€118,247 | +30.3% |
| Amounts payable after more than one year | 17 | €94,730 | €47,301 | -€47,429 | -50.1% |
| Financial debts | 170/4 | €94,730 | €47,301 | -€47,429 | -50.1% |
| Amounts payable within one year | 42/48 | €289,112 | €454,788 | +€165,676 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €46,470 | €47,429 | +€959 | +2.1% |
| Trade debts | 44 | €339 | €2,110 | +€1,771 | +522% |
| Suppliers | 440/4 | €339 | €2,110 | +€1,771 | +522% |
| Taxes, remuneration and social security | 45 | €17,303 | €7,249 | -€10,053 | -58.1% |
| Taxes | 450/3 | €12,751 | €2,499 | -€10,252 | -80.4% |
| Remuneration and social security | 454/9 | €4,552 | €4,751 | +€198 | +4.4% |
| Other amounts payable | 47/48 | €225,000 | €398,000 | +€173,000 | +76.9% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €94,176 | €38,958 | -€55,217 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,159 | €19,159 | = | 0.0% |
| Other operating charges | 640/8 | €1,000 | €1,246 | +€247 | +24.7% |
| Gross operating margin | 9900 | €189,739 | €114,226 | -€75,513 | -39.8% |
| Operating profit (loss) | 9901 | €75,404 | €54,861 | -€20,543 | -27.2% |
| Financial income | 75/76B | €225,158 | €398,172 | +€173,014 | +76.8% |
| Recurring financial income | 75 | €225,158 | €398,172 | +€173,014 | +76.8% |
| Financial charges | 65/66B | €4,029 | €3,311 | -€718 | -17.8% |
| Recurring financial charges | 65 | €4,029 | €3,311 | -€718 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €296,533 | €449,723 | +€153,190 | +51.7% |
| Income taxes | 67/77 | €19,095 | €13,270 | -€5,825 | -30.5% |
| Profit (loss) for the period | 9904 | €277,438 | €436,453 | +€159,014 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €277,438 | €436,453 | +€159,014 | +57.3% |
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 31 October 2026 via checked.be.