ABRAFA: 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.
ABRAFA
Largest movements
- Current investments +€222,312
up €222,312 (+487.4%), from €45,613 to €267,924
- Receivables after one year -€75,000
no longer reported in 2024 (was €75,000)
- Cash -€73,852
down €73,852 (-80.8%), from €91,443 to €17,591
mainly Current investments (-€222,312) and Deferred charges and accrued income (-€213)
- Receivables within one year -€9,665
down €9,665 (-59.4%), from €16,266 to €6,601
of which Trade receivables: -€13,674
- Profit (loss) carried forward +€50,184
up €50,184 (+24.8%), from €202,565 to €252,749
- Other debts +€5,800
up €5,800 (+61.2%), from €9,474 to €15,274
- Tax, wage and social debts +€3,223
up €3,223 (+19.6%), from €16,402 to €19,625
- Gross operating margin -€33,871
down €33,871 (-33.5%), from €101,219 to €67,349
- Depreciation -€4,331
down €4,331 (-76.2%), from €5,686 to €1,355
- Taxes -€3,732
down €3,732 (-17.2%), from €21,683 to €17,951
- Financial income -€2,053
down €2,053 (-34.2%), from €6,001 to €3,948
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,699 | €296,882 | +€61,182 | +26.0% |
| Fixed assets | 21/28 | €6,824 | €3,999 | -€2,825 | -41.4% |
| Tangible fixed assets | 22/27 | €6,824 | €3,999 | -€2,825 | -41.4% |
| Plant, machinery and equipment | 23 | €2,101 | €1,281 | -€820 | -39.0% |
| Furniture and vehicles | 24 | €4,439 | - | -€4,439 | |
| Other tangible fixed assets | 26 | - | €2,718 | +€2,718 | |
| Assets under construction and advance payments | 27 | €284 | - | -€284 | |
| Current assets | 29/58 | €228,876 | €292,883 | +€64,007 | +28.0% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | €75,000 | - | -€75,000 | |
| Amounts receivable within one year | 40/41 | €16,266 | €6,601 | -€9,665 | -59.4% |
| Trade receivables | 40 | €16,226 | €2,552 | -€13,674 | -84.3% |
| Other amounts receivable | 41 | €40 | €4,049 | +€4,009 | +9967.7% |
| Current investments | 50/53 | €45,613 | €267,924 | +€222,312 | +487.4% |
| Cash at bank and in hand | 54/58 | €91,443 | €17,591 | -€73,852 | -80.8% |
| Deferred charges and accrued income | 490/1 | €554 | €766 | +€213 | +38.4% |
| Total equity and liabilities | 10/49 | €235,699 | €296,882 | +€61,182 | +26.0% |
| Equity | 10/15 | €207,565 | €257,749 | +€50,184 | +24.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,565 | €252,749 | +€50,184 | +24.8% |
| Amounts payable | 17/49 | €28,134 | €39,133 | +€10,999 | +39.1% |
| Amounts payable within one year | 42/48 | €28,134 | €39,133 | +€10,999 | +39.1% |
| Trade debts | 44 | €2,259 | €4,234 | +€1,976 | +87.5% |
| Suppliers | 440/4 | €2,259 | €4,234 | +€1,976 | +87.5% |
| Taxes, remuneration and social security | 45 | €16,402 | €19,625 | +€3,223 | +19.6% |
| Taxes | 450/3 | €16,402 | €19,625 | +€3,223 | +19.6% |
| Other amounts payable | 47/48 | €9,474 | €15,274 | +€5,800 | +61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,686 | €1,355 | -€4,331 | -76.2% |
| Other operating charges | 640/8 | €656 | €1,435 | +€779 | +118.8% |
| Gross operating margin | 9900 | €101,219 | €67,349 | -€33,871 | -33.5% |
| Operating profit (loss) | 9901 | €94,878 | €64,559 | -€30,319 | -32.0% |
| Financial income | 75/76B | €6,001 | €3,948 | -€2,053 | -34.2% |
| Recurring financial income | 75 | €6,001 | €3,948 | -€2,053 | -34.2% |
| Financial charges | 65/66B | €54 | €372 | +€318 | +588.4% |
| Recurring financial charges | 65 | €54 | €372 | +€318 | +588.4% |
| Profit (loss) for the period before taxes | 9903 | €100,825 | €68,135 | -€32,690 | -32.4% |
| Income taxes | 67/77 | €21,683 | €17,951 | -€3,732 | -17.2% |
| Profit (loss) for the period | 9904 | €79,141 | €50,184 | -€28,958 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,141 | €50,184 | -€28,958 | -36.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.