ABF11: 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.
ABF11
Largest movements
- Tangible fixed assets +€4,255
up €4,255 (+13.2%), from €32,196 to €36,451
of which Plant, machinery and equipment: +€11,172
- Cash +€833
up €833 (+574%), from €145 to €978
mainly Depreciation (+€11,396) and Trade debts (+€10,557)
- Trade debts +€10,557
up €10,557 (+613%), from €1,723 to €12,280
- Profit (loss) carried forward -€3,789
down €3,789 (-23.2%), from -€16,307 to -€20,096
- Other debts -€1,803
down €1,803 (-4.7%), from €38,105 to €36,302
- Gross operating margin -€10,383
down €10,383 (-54.3%), from €19,115 to €8,732
- Financial charges -€1,018
down €1,018 (-88.4%), from €1,152 to €134
- Depreciation +€555
up €555 (+5.1%), from €10,841 to €11,396
- Taxes -€199
no longer reported in 2025 (was €199)
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 | €33,253 | €38,156 | +€4,903 | +14.7% |
| Fixed assets | 21/28 | €32,686 | €36,941 | +€4,255 | +13.0% |
| Tangible fixed assets | 22/27 | €32,196 | €36,451 | +€4,255 | +13.2% |
| Plant, machinery and equipment | 23 | €8,550 | €19,722 | +€11,172 | +131% |
| Furniture and vehicles | 24 | €21,972 | €14,539 | -€7,433 | -33.8% |
| Other tangible fixed assets | 26 | €1,674 | €2,190 | +€516 | +30.8% |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €567 | €1,215 | +€648 | +114% |
| Amounts receivable within one year | 40/41 | €422 | €237 | -€185 | -43.8% |
| Trade receivables | 40 | €422 | - | -€422 | |
| Other amounts receivable | 41 | - | €237 | +€237 | |
| Cash at bank and in hand | 54/58 | €145 | €978 | +€833 | +574% |
| Total equity and liabilities | 10/49 | €33,253 | €38,156 | +€4,903 | +14.7% |
| Equity | 10/15 | -€6,637 | -€10,426 | -€3,789 | -57.1% |
| Contributions | 10/11 | €9,670 | €9,670 | = | 0.0% |
| Capital | 10 | €9,670 | €9,670 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €8,930 | €8,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,307 | -€20,096 | -€3,789 | -23.2% |
| Amounts payable | 17/49 | €39,890 | €48,582 | +€8,692 | +21.8% |
| Amounts payable within one year | 42/48 | €39,890 | €48,582 | +€8,692 | +21.8% |
| Trade debts | 44 | €1,723 | €12,280 | +€10,557 | +613% |
| Suppliers | 440/4 | €1,723 | €12,280 | +€10,557 | +613% |
| Taxes, remuneration and social security | 45 | €62 | - | -€62 | |
| Taxes | 450/3 | €62 | - | -€62 | |
| Other amounts payable | 47/48 | €38,105 | €36,302 | -€1,803 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,841 | €11,396 | +€555 | +5.1% |
| Other operating charges | 640/8 | €1,005 | €991 | -€14 | -1.4% |
| Gross operating margin | 9900 | €19,115 | €8,732 | -€10,383 | -54.3% |
| Operating profit (loss) | 9901 | €7,269 | -€3,655 | -€10,924 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,152 | €134 | -€1,018 | -88.4% |
| Recurring financial charges | 65 | €1,152 | €134 | -€1,018 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €6,127 | -€3,789 | -€9,916 | |
| Income taxes | 67/77 | €199 | - | -€199 | |
| Profit (loss) for the period | 9904 | €5,928 | -€3,789 | -€9,717 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,928 | -€3,789 | -€9,717 |
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 14 October 2026 via checked.be.