ABF MANAGEMENT: 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.
ABF MANAGEMENT
Largest movements
- Receivables within one year -€8,945
down €8,945 (-35.6%), from €25,153 to €16,208
of which Other amounts receivable: -€9,297
- Deferred charges and accrued income +€8,533
up €8,533 (+258%), from €3,304 to €11,837
- Receivables after one year -€6,205
down €6,205 (-17.5%), from €35,400 to €29,195
- Tangible fixed assets -€5,168
no longer reported in 2025 (was €5,168)
of which Plant, machinery and equipment: -€3,575
- Stocks and contracts -€3,906
no longer reported in 2025 (was €3,906)
- Profit (loss) carried forward -€15,592
down €15,592 (-54.8%), from €28,442 to €12,851
- Gross operating margin +€8,256
up €8,256 (+44.8%), from -€18,419 to -€10,162
- Depreciation +€1,994
up €1,994 (+62.8%), from €3,174 to €5,168
- Other operating charges -€1,685
down €1,685 (-56.1%), from €3,004 to €1,319
- Financial income -€747
down €747 (-32.7%), from €2,286 to €1,539
- Financial charges -€268
down €268 (-46.5%), from €576 to €308
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 | €73,342 | €57,285 | -€16,057 | -21.9% |
| Fixed assets | 21/28 | €5,168 | - | -€5,168 | |
| Tangible fixed assets | 22/27 | €5,168 | - | -€5,168 | |
| Plant, machinery and equipment | 23 | €3,575 | - | -€3,575 | |
| Furniture and vehicles | 24 | €1,593 | - | -€1,593 | |
| Current assets | 29/58 | €68,175 | €57,285 | -€10,890 | -16.0% |
| Amounts receivable after more than one year | 29 | €35,400 | €29,195 | -€6,205 | -17.5% |
| Other amounts receivable | 291 | €35,400 | €29,195 | -€6,205 | -17.5% |
| Stocks and contracts in progress | 3 | €3,906 | - | -€3,906 | |
| Stocks | 30/36 | €3,906 | - | -€3,906 | |
| Amounts receivable within one year | 40/41 | €25,153 | €16,208 | -€8,945 | -35.6% |
| Trade receivables | 40 | - | €352 | +€352 | |
| Other amounts receivable | 41 | €25,153 | €15,856 | -€9,297 | -37.0% |
| Cash at bank and in hand | 54/58 | €412 | €45 | -€367 | -89.1% |
| Deferred charges and accrued income | 490/1 | €3,304 | €11,837 | +€8,533 | +258% |
| Total equity and liabilities | 10/49 | €73,342 | €57,285 | -€16,057 | -21.9% |
| Equity | 10/15 | €72,702 | €57,111 | -€15,592 | -21.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 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% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,442 | €12,851 | -€15,592 | -54.8% |
| Amounts payable | 17/49 | €640 | €174 | -€466 | -72.8% |
| Amounts payable within one year | 42/48 | €640 | €174 | -€466 | -72.8% |
| Trade debts | 44 | €213 | - | -€213 | |
| Suppliers | 440/4 | €213 | - | -€213 | |
| Taxes, remuneration and social security | 45 | €427 | €174 | -€253 | -59.2% |
| Taxes | 450/3 | €427 | €174 | -€253 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,174 | €5,168 | +€1,994 | +62.8% |
| Other operating charges | 640/8 | €3,004 | €1,319 | -€1,685 | -56.1% |
| Gross operating margin | 9900 | -€18,419 | -€10,162 | +€8,256 | +44.8% |
| Operating profit (loss) | 9901 | -€24,597 | -€16,649 | +€7,948 | +32.3% |
| Financial income | 75/76B | €2,286 | €1,539 | -€747 | -32.7% |
| Recurring financial income | 75 | €2,286 | €1,539 | -€747 | -32.7% |
| Financial charges | 65/66B | €576 | €308 | -€268 | -46.5% |
| Recurring financial charges | 65 | €576 | €308 | -€268 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,887 | -€15,417 | +€7,469 | +32.6% |
| Income taxes | 67/77 | €427 | €174 | -€253 | -59.2% |
| Profit (loss) for the period | 9904 | -€23,314 | -€15,592 | +€7,722 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,314 | -€15,592 | +€7,722 | +33.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.