ABFAB: 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.
ABFAB
Largest movements
- Current investments +€99,256
up €99,256 (+44.2%), from €224,528 to €323,784
- Cash +€49,362
up €49,362 (+47.9%), from €103,000 to €152,362
mainly Net result for the year (+€88,013) and Depreciation (+€73,249)
- Receivables within one year -€30,222
down €30,222 (-35.3%), from €85,643 to €55,421
of which Trade receivables: -€23,584
- Tangible fixed assets -€28,213
down €28,213 (-2.3%), from €1.2m to €1.2m
of which Land and buildings: -€14,321
- Reserves +€88,013
up €88,013 (+9.2%), from €961,380 to €1.0m
- Gross operating margin -€25,637
down €25,637 (-11.2%), from €229,096 to €203,459
- Taxes -€6,670
down €6,670 (-13.8%), from €48,370 to €41,700
- Financial income +€5,739
up €5,739 (+245.4%), from €2,339 to €8,078
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 | €2,369,394 | €2,457,582 | +€88,188 | +3.7% |
| Fixed assets | 21/28 | €1,823,281 | €1,794,494 | -€28,786 | -1.6% |
| Intangible fixed assets | 21 | €4,222 | €3,649 | -€573 | -13.6% |
| Tangible fixed assets | 22/27 | €1,219,058 | €1,190,845 | -€28,213 | -2.3% |
| Land and buildings | 22 | €1,176,819 | €1,162,499 | -€14,321 | -1.2% |
| Plant, machinery and equipment | 23 | €35,177 | €24,499 | -€10,678 | -30.4% |
| Furniture and vehicles | 24 | €7,062 | €3,848 | -€3,214 | -45.5% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €546,113 | €663,087 | +€116,974 | +21.4% |
| Stocks and contracts in progress | 3 | €130,586 | €129,070 | -€1,516 | -1.2% |
| Stocks | 30/36 | €130,586 | €129,070 | -€1,516 | -1.2% |
| Amounts receivable within one year | 40/41 | €85,643 | €55,421 | -€30,222 | -35.3% |
| Trade receivables | 40 | €64,792 | €41,208 | -€23,584 | -36.4% |
| Other amounts receivable | 41 | €20,851 | €14,213 | -€6,638 | -31.8% |
| Current investments | 50/53 | €224,528 | €323,784 | +€99,256 | +44.2% |
| Cash at bank and in hand | 54/58 | €103,000 | €152,362 | +€49,362 | +47.9% |
| Deferred charges and accrued income | 490/1 | €2,356 | €2,450 | +€94 | +4.0% |
| Total equity and liabilities | 10/49 | €2,369,394 | €2,457,582 | +€88,188 | +3.7% |
| Equity | 10/15 | €2,355,787 | €2,443,800 | +€88,013 | +3.7% |
| Contributions | 10/11 | €1,394,407 | €1,394,407 | = | 0.0% |
| Reserves | 13 | €961,380 | €1,049,393 | +€88,013 | +9.2% |
| Distributable reserves | 133 | €961,380 | €1,049,393 | +€88,013 | +9.2% |
| Amounts payable | 17/49 | €13,607 | €13,782 | +€175 | +1.3% |
| Amounts payable within one year | 42/48 | €13,406 | €13,782 | +€376 | +2.8% |
| Trade debts | 44 | €842 | €270 | -€572 | -68.0% |
| Suppliers | 440/4 | €842 | €270 | -€572 | -68.0% |
| Taxes, remuneration and social security | 45 | €10,110 | €8,801 | -€1,309 | -12.9% |
| Taxes | 450/3 | €10,110 | €8,801 | -€1,309 | -12.9% |
| Other amounts payable | 47/48 | €2,454 | €4,711 | +€2,258 | +92.0% |
| Accrued charges and deferred income | 492/3 | €201 | - | -€201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,289 | €73,249 | +€961 | +1.3% |
| Other operating charges | 640/8 | €7,946 | €7,498 | -€448 | -5.6% |
| Gross operating margin | 9900 | €229,096 | €203,459 | -€25,637 | -11.2% |
| Operating profit (loss) | 9901 | €148,861 | €122,711 | -€26,150 | -17.6% |
| Financial income | 75/76B | €2,339 | €8,078 | +€5,739 | +245.4% |
| Recurring financial income | 75 | €2,339 | €8,078 | +€5,739 | +245.4% |
| Financial charges | 65/66B | €1,729 | €1,077 | -€653 | -37.7% |
| Recurring financial charges | 65 | €1,729 | €1,077 | -€653 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €149,470 | €129,713 | -€19,758 | -13.2% |
| Income taxes | 67/77 | €48,370 | €41,700 | -€6,670 | -13.8% |
| Profit (loss) for the period | 9904 | €101,101 | €88,013 | -€13,088 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,101 | €88,013 | -€13,088 | -12.9% |
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 8 October 2026 via checked.be.