ABD FRERES: 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.
ABD FRERES
Largest movements
- Tangible fixed assets +€52,333
up €52,333 (+389.2%), from €13,445 to €65,778
of which Leasing and similar rights: +€35,550
- Cash +€32,652
up €32,652 (+94.7%), from €34,496 to €67,148
mainly Net result for the year (+€44,504) and Debts after one year (+€25,035)
- Receivables within one year -€8,428
down €8,428 (-63.3%), from €13,307 to €4,879
of which Other amounts receivable: -€7,906
- Profit (loss) carried forward +€44,504
up €44,504 (+131.4%), from €33,863 to €78,367
- Debts after one year +€25,035
new in 2025: €25,035
- Other debts +€22,283
up €22,283 (+464.2%), from €4,800 to €27,083
- Tax, wage and social debts -€13,264
no longer reported in 2025 (was €13,264)
of which Remuneration and social security: -€12,500
- Trade debts -€6,758
down €6,758 (-92.0%), from €7,346 to €588
- Turnover -€239,969
no longer reported in 2025 (was €239,969)
- Purchases and services -€197,111
no longer reported in 2025 (was €197,111)
- Gross operating margin +€23,441
up €23,441 (+54.7%), from €42,858 to €66,299
- Staff costs +€7,792
new in 2025: €7,792
- Depreciation +€6,089
up €6,089 (+92.9%), from €6,555 to €12,644
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 | €61,273 | €137,805 | +€76,532 | +124.9% |
| Fixed assets | 21/28 | €13,470 | €65,778 | +€52,308 | +388.3% |
| Tangible fixed assets | 22/27 | €13,445 | €65,778 | +€52,333 | +389.2% |
| Furniture and vehicles | 24 | €13,445 | €30,228 | +€16,783 | +124.8% |
| Leasing and similar rights | 25 | - | €35,550 | +€35,550 | |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €47,803 | €72,027 | +€24,224 | +50.7% |
| Amounts receivable within one year | 40/41 | €13,307 | €4,879 | -€8,428 | -63.3% |
| Trade receivables | 40 | €1,750 | €1,228 | -€522 | -29.8% |
| Other amounts receivable | 41 | €11,557 | €3,651 | -€7,906 | -68.4% |
| Cash at bank and in hand | 54/58 | €34,496 | €67,148 | +€32,652 | +94.7% |
| Total equity and liabilities | 10/49 | €61,273 | €137,805 | +€76,532 | +124.9% |
| Equity | 10/15 | €35,863 | €80,367 | +€44,504 | +124.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,863 | €78,367 | +€44,504 | +131.4% |
| Amounts payable | 17/49 | €25,410 | €57,437 | +€32,027 | +126.0% |
| Amounts payable after more than one year | 17 | - | €25,035 | +€25,035 | |
| Financial debts | 170/4 | - | €25,035 | +€25,035 | |
| Amounts payable within one year | 42/48 | €25,410 | €32,402 | +€6,992 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,732 | +€4,732 | |
| Trade debts | 44 | €7,346 | €588 | -€6,758 | -92.0% |
| Suppliers | 440/4 | €7,346 | €588 | -€6,758 | -92.0% |
| Taxes, remuneration and social security | 45 | €13,264 | - | -€13,264 | |
| Taxes | 450/3 | €764 | - | -€764 | |
| Remuneration and social security | 454/9 | €12,500 | - | -€12,500 | |
| Other amounts payable | 47/48 | €4,800 | €27,083 | +€22,283 | +464.2% |
| Turnover | 70 | €239,969 | - | -€239,969 | |
| Goods, raw materials, services and sundry goods | 60/61 | €197,111 | - | -€197,111 | |
| Remuneration, social security and pensions | 62 | - | €7,792 | +€7,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,555 | €12,644 | +€6,089 | +92.9% |
| Other operating charges | 640/8 | €2,377 | €489 | -€1,888 | -79.4% |
| Gross operating margin | 9900 | €42,858 | €66,299 | +€23,441 | +54.7% |
| Operating profit (loss) | 9901 | €33,926 | €45,374 | +€11,448 | +33.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +10400.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +10400.0% |
| Financial charges | 65/66B | €63 | €870 | +€807 | +1279.7% |
| Recurring financial charges | 65 | €63 | €870 | +€807 | +1279.7% |
| Profit (loss) for the period before taxes | 9903 | €33,863 | €44,504 | +€10,641 | +31.4% |
| Profit (loss) for the period | 9904 | €33,863 | €44,504 | +€10,641 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,863 | €44,504 | +€10,641 | +31.4% |
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 30 September 2026 via checked.be.