ABRAMEN: 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.
ABRAMEN
Largest movements
- Receivables within one year +€205,500
up €205,500 (+51.2%), from €401,654 to €607,155
of which Other amounts receivable: +€236,604
- Cash +€9,107
up €9,107 (+18.8%), from €48,423 to €57,530
mainly Net result for the year (+€251,235) and Depreciation (+€15,385)
- Reserves +€210,814
up €210,814 (+54.6%), from €385,891 to €596,705
of which Distributable reserves: +€210,814
- Trade debts +€8,295
up €8,295 (+16.4%), from €50,591 to €58,886
- Taxes -€366,423
down €366,423, from €40,997 to -€325,426
- Gross operating margin -€217,552
down €217,552, from €130,961 to -€86,591
- Financial income +€20,085
up €20,085 (+148%), from €13,606 to €33,691
- Depreciation +€1,726
up €1,726 (+12.6%), from €13,659 to €15,385
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 | €485,027 | €702,231 | +€217,204 | +44.8% |
| Fixed assets | 21/28 | €18,444 | €19,388 | +€944 | +5.1% |
| Tangible fixed assets | 22/27 | €14,338 | €15,282 | +€944 | +6.6% |
| Plant, machinery and equipment | 23 | €1,644 | €795 | -€848 | -51.6% |
| Furniture and vehicles | 24 | €12,694 | €14,486 | +€1,792 | +14.1% |
| Financial fixed assets | 28 | €4,106 | €4,106 | = | 0.0% |
| Current assets | 29/58 | €466,583 | €682,843 | +€216,260 | +46.3% |
| Amounts receivable within one year | 40/41 | €401,654 | €607,155 | +€205,500 | +51.2% |
| Trade receivables | 40 | €162,114 | €131,010 | -€31,104 | -19.2% |
| Other amounts receivable | 41 | €239,541 | €476,145 | +€236,604 | +98.8% |
| Cash at bank and in hand | 54/58 | €48,423 | €57,530 | +€9,107 | +18.8% |
| Deferred charges and accrued income | 490/1 | €16,506 | €18,158 | +€1,653 | +10.0% |
| Total equity and liabilities | 10/49 | €485,027 | €702,231 | +€217,204 | +44.8% |
| Equity | 10/15 | €404,491 | €615,305 | +€210,814 | +52.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €385,891 | €596,705 | +€210,814 | +54.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €367,141 | €577,955 | +€210,814 | +57.4% |
| Amounts payable | 17/49 | €80,536 | €86,926 | +€6,390 | +7.9% |
| Amounts payable within one year | 42/48 | €80,536 | €86,926 | +€6,390 | +7.9% |
| Trade debts | 44 | €50,591 | €58,886 | +€8,295 | +16.4% |
| Suppliers | 440/4 | €50,591 | €58,886 | +€8,295 | +16.4% |
| Taxes, remuneration and social security | 45 | €29,945 | €28,040 | -€1,904 | -6.4% |
| Taxes | 450/3 | €29,945 | €28,040 | -€1,904 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,659 | €15,385 | +€1,726 | +12.6% |
| Other operating charges | 640/8 | €3,277 | €4,145 | +€868 | +26.5% |
| Gross operating margin | 9900 | €130,961 | -€86,591 | -€217,552 | |
| Operating profit (loss) | 9901 | €114,025 | -€106,121 | -€220,146 | |
| Financial income | 75/76B | €13,606 | €33,691 | +€20,085 | +148% |
| Recurring financial income | 75 | €13,606 | €33,691 | +€20,085 | +148% |
| Financial charges | 65/66B | €2,081 | €1,761 | -€319 | -15.3% |
| Recurring financial charges | 65 | €2,081 | €1,761 | -€319 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €125,550 | -€74,191 | -€199,742 | |
| Income taxes | 67/77 | €40,997 | -€325,426 | -€366,423 | |
| Profit (loss) for the period | 9904 | €84,553 | €251,235 | +€166,681 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €84,553 | €251,235 | +€166,681 | +197% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.