ABRAM: 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.
ABRAM
Largest movements
- Stocks and contracts +€1.8m
up €1.8m (+26.8%), from €6.6m to €8.4m
- Receivables within one year -€828,521
down €828,521 (-43.6%), from €1.9m to €1.1m
of which Trade receivables: -€826,223
- Tangible fixed assets -€198,332
down €198,332 (-3.5%), from €5.7m to €5.5m
of which Land and buildings: -€114,919
- Debts after one year +€1.2m
up €1.2m (+54.4%), from €2.1m to €3.3m
- Current portion of long-term debt +€1.0m
up €1.0m (+91.1%), from €1.1m to €2.1m
- Profit (loss) carried forward -€831,335
down €831,335, from €583,004 to -€248,331
- Accrued charges and deferred income -€309,727
down €309,727 (-17.4%), from €1.8m to €1.5m
- Other debts -€232,767
down €232,767 (-2.5%), from €9.2m to €9.0m
- Financial charges -€1.7m
down €1.7m (-74.5%), from €2.3m to €587,615
of which Non-recurring financial charges: -€880,000
- Gross operating margin -€911,696
down €911,696 (-59.6%), from €1.5m to €618,377
- Financial income -€825,385
down €825,385 (-93.2%), from €885,779 to €60,395
- Write-downs +€593,680
new in 2025: €593,680
- Depreciation -€38,410
down €38,410 (-16.2%), from €236,742 to €198,332
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 | €15,199,327 | €15,982,347 | +€783,020 | +5.2% |
| Fixed assets | 21/28 | €6,104,019 | €5,905,688 | -€198,332 | -3.2% |
| Tangible fixed assets | 22/27 | €5,744,019 | €5,545,688 | -€198,332 | -3.5% |
| Land and buildings | 22 | €4,534,964 | €4,420,045 | -€114,919 | -2.5% |
| Leasing and similar rights | 25 | €1,209,056 | €1,125,643 | -€83,412 | -6.9% |
| Financial fixed assets | 28 | €360,000 | €360,000 | = | 0.0% |
| Current assets | 29/58 | €9,095,308 | €10,076,660 | +€981,352 | +10.8% |
| Stocks and contracts in progress | 3 | €6,604,865 | €8,372,490 | +€1.8m | +26.8% |
| Stocks | 30/36 | €6,604,865 | €8,372,490 | +€1.8m | +26.8% |
| Amounts receivable within one year | 40/41 | €1,899,440 | €1,070,919 | -€828,521 | -43.6% |
| Trade receivables | 40 | €875,339 | €49,117 | -€826,223 | -94.4% |
| Other amounts receivable | 41 | €1,024,101 | €1,021,803 | -€2,298 | -0.2% |
| Cash at bank and in hand | 54/58 | €460,668 | €472,861 | +€12,193 | +2.6% |
| Deferred charges and accrued income | 490/1 | €130,335 | €160,389 | +€30,054 | +23.1% |
| Total equity and liabilities | 10/49 | €15,199,327 | €15,982,347 | +€783,020 | +5.2% |
| Equity | 10/15 | €665,504 | -€165,831 | -€831,335 | |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €583,004 | -€248,331 | -€831,335 | |
| Amounts payable | 17/49 | €14,533,823 | €16,148,179 | +€1.6m | +11.1% |
| Amounts payable after more than one year | 17 | €2,120,717 | €3,275,000 | +€1.2m | +54.4% |
| Financial debts | 170/4 | €2,120,717 | €3,275,000 | +€1.2m | +54.4% |
| Amounts payable within one year | 42/48 | €10,636,098 | €11,405,897 | +€769,800 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €1,109,452 | €2,120,717 | +€1.0m | +91.1% |
| Trade debts | 44 | €233,937 | €237,185 | +€3,248 | +1.4% |
| Suppliers | 440/4 | €233,937 | €237,185 | +€3,248 | +1.4% |
| Advances received on contracts in progress | 46 | €7,195 | €0 | -€7,195 | -100.0% |
| Taxes, remuneration and social security | 45 | €67,414 | €62,662 | -€4,753 | -7.0% |
| Taxes | 450/3 | €67,414 | €62,662 | -€4,753 | -7.0% |
| Other amounts payable | 47/48 | €9,218,100 | €8,985,333 | -€232,767 | -2.5% |
| Accrued charges and deferred income | 492/3 | €1,777,008 | €1,467,281 | -€309,727 | -17.4% |
| Non-recurring operating income | 76A | - | €56,888 | +€56,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,742 | €198,332 | -€38,410 | -16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €593,680 | +€593,680 | |
| Other operating charges | 640/8 | €166,763 | €130,479 | -€36,284 | -21.8% |
| Gross operating margin | 9900 | €1,530,072 | €618,377 | -€911,696 | -59.6% |
| Operating profit (loss) | 9901 | €1,126,568 | -€304,115 | -€1.4m | |
| Financial income | 75/76B | €885,779 | €60,395 | -€825,385 | -93.2% |
| Recurring financial income | 75 | €885,779 | €60,395 | -€825,385 | -93.2% |
| Financial charges | 65/66B | €2,302,850 | €587,615 | -€1.7m | -74.5% |
| Recurring financial charges | 65 | €1,422,850 | €587,615 | -€835,235 | -58.7% |
| Non-recurring financial charges | 66B | €880,000 | €0 | -€880,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€290,504 | -€831,335 | -€540,831 | -186.2% |
| Income taxes | 67/77 | -€782 | €0 | +€782 | |
| Profit (loss) for the period | 9904 | -€289,722 | -€831,335 | -€541,613 | -186.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€289,722 | -€831,335 | -€541,613 | -186.9% |
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 1 October 2026 via checked.be.