ABRAHAM HOCHWALD: 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.
ABRAHAM HOCHWALD
Largest movements
- Cash +€4,576
up €4,576 (+7.9%), from €57,769 to €62,345
mainly Receivables within one year (+€4,517) and Net result for the year (+€3,842)
- Receivables within one year -€4,517
down €4,517 (-15.5%), from €29,217 to €24,700
of which Other amounts receivable: -€2,517
- Deferred charges and accrued income +€4,000
new in 2025: €4,000
- Profit (loss) carried forward +€3,842
up €3,842 (+9.9%), from €38,846 to €42,688
- Gross operating margin -€322
down €322 (-6.0%), from €5,375 to €5,053
- Depreciation +€165
new in 2025: €165
- Other operating charges -€105
down €105 (-10.7%), from €983 to €878
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 | €87,396 | €91,290 | +€3,894 | +4.5% |
| Fixed assets | 21/28 | €410 | €245 | -€165 | -40.2% |
| Tangible fixed assets | 22/27 | €410 | €245 | -€165 | -40.2% |
| Furniture and vehicles | 24 | €410 | €245 | -€165 | -40.2% |
| Current assets | 29/58 | €86,986 | €91,045 | +€4,059 | +4.7% |
| Amounts receivable within one year | 40/41 | €29,217 | €24,700 | -€4,517 | -15.5% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €27,217 | €24,700 | -€2,517 | -9.2% |
| Cash at bank and in hand | 54/58 | €57,769 | €62,345 | +€4,576 | +7.9% |
| Deferred charges and accrued income | 490/1 | - | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €87,396 | €91,290 | +€3,894 | +4.5% |
| Equity | 10/15 | €87,297 | €91,139 | +€3,842 | +4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €29,859 | €29,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,846 | €42,688 | +€3,842 | +9.9% |
| Amounts payable | 17/49 | €99 | €151 | +€52 | +52.0% |
| Amounts payable within one year | 42/48 | €99 | €151 | +€52 | +52.0% |
| Trade debts | 44 | €99 | €151 | +€52 | +52.0% |
| Suppliers | 440/4 | €99 | €151 | +€52 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €165 | +€165 | |
| Other operating charges | 640/8 | €983 | €878 | -€105 | -10.7% |
| Gross operating margin | 9900 | €5,375 | €5,053 | -€322 | -6.0% |
| Operating profit (loss) | 9901 | €4,392 | €4,010 | -€382 | -8.7% |
| Financial charges | 65/66B | €99 | €100 | +€1 | +1.4% |
| Recurring financial charges | 65 | €99 | €100 | +€1 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €4,293 | €3,909 | -€384 | -8.9% |
| Income taxes | 67/77 | €65 | €67 | +€2 | +3.8% |
| Profit (loss) for the period | 9904 | €4,228 | €3,842 | -€386 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,228 | €3,842 | -€386 | -9.1% |
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 27 October 2026 via checked.be.