ABRAMO: 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.
What changed
ABRAMO
NACE 10.850, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€333,171
2024 · €424,333-€91,162
Equity
€2.3m
2024 · €1.9m+€331,253
Cash
€151,072
2024 · €83,459+€67,614
Balance sheet total
€5.8m
2024 · €5.8m+€86,912
Largest movements
Assets
- Stocks and contracts +€644,506
up €644,506 (+31.7%), from €2.0m to €2.7m
- Receivables within one year -€261,596
down €261,596 (-21.7%), from €1.2m to €942,935
of which Trade receivables: -€136,841
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Tangible fixed assets -€149,844
down €149,844 (-7.6%), from €2.0m to €1.8m
of which Assets under construction and advance payments: -€156,966
- Intangible fixed assets -€93,921
down €93,921 (-65.1%), from €144,168 to €50,247
Equity and liabilities
- Reserves +€333,171
up €333,171 (+29.1%), from €1.1m to €1.5m
of which Distributable reserves: +€333,171
- Trade debts -€181,288
down €181,288 (-10.3%), from €1.8m to €1.6m
- Debts after one year -€166,829
down €166,829 (-12.8%), from €1.3m to €1.1m
Income statement
- Turnover -€12.5m
no longer reported in 2025 (was €12.5m)
- Goods and materials -€5.5m
no longer reported in 2025 (was €5.5m)
of which Purchases: -€5.5m
- Services and other goods -€4.1m
no longer reported in 2025 (was €4.1m)
- Gross operating margin +€3.1m
new in 2025: €3.1m
- Staff costs +€157,846
up €157,846 (+9.5%), from €1.7m to €1.8m
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.
Result 2024
€424,333
Turnover
-€12.5m
Other operating income
-€50,458
Goods and materials
+€5.5m
Services and other goods
+€4.1m
Staff costs
-€157,846
Depreciation
-€1,367
Write-downs
-€43,614
Other operating charges
-€8,003
Other operating items
+€3.1m
Financial income
-€1,348
Financial charges
-€6,536
Taxes
+€28,638
Result 2025
€333,171
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.
From operations
+€534,884
Investment
-€318,137
Financing
-€149,134
Cash 2024
€83,459
From operations (derived)
+€534,884
Net result for the year
+€333,171
Depreciation
+€711,902
Stocks and contracts
-€644,506
Receivables within one year
+€261,596
Deferred charges and accrued income
-€30,153
Trade debts
-€181,288
Tax, wage and social debts
+€46,306
Accrued charges and deferred income
+€37,857
Investment (derived)
-€318,137
Investment in fixed assets (net)
-€468,137
Current investments
+€150,000
Financing
-€149,134
Debts after one year
-€166,829
Current portion of long-term debt
+€19,613
Contributions, distributions and other
-€1,917
Cash 2025
€151,072
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,753,829 | €5,840,742 | +€86,912 | +1.5% |
| Fixed assets | 21/28 | €2,112,556 | €1,868,791 | -€243,765 | -11.5% |
| Intangible fixed assets | 21 | €144,168 | €50,247 | -€93,921 | -65.1% |
| Tangible fixed assets | 22/27 | €1,968,038 | €1,818,195 | -€149,844 | -7.6% |
| Land and buildings | 22 | €925,353 | €1,031,593 | +€106,240 | +11.5% |
| Plant, machinery and equipment | 23 | €570,860 | €595,534 | +€24,673 | +4.3% |
| Furniture and vehicles | 24 | €104,346 | €104,718 | +€372 | +0.4% |
| Leasing and similar rights | 25 | €210,514 | €86,351 | -€124,163 | -59.0% |
| Assets under construction and advance payments | 27 | €156,966 | €0 | -€156,966 | -100.0% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Other financial fixed assets | 284/8 | €350 | - | -€350 | |
| Amounts receivable and cash guarantees | 285/8 | €350 | - | -€350 | |
| Current assets | 29/58 | €3,641,273 | €3,971,951 | +€330,677 | +9.1% |
| Stocks and contracts in progress | 3 | €2,031,429 | €2,675,935 | +€644,506 | +31.7% |
| Stocks | 30/36 | €2,031,429 | €2,675,935 | +€644,506 | +31.7% |
| Raw materials and consumables | 30/31 | €828,295 | - | -€828,295 | |
| Work in progress | 32 | €1,153,755 | - | -€1.2m | |
| Finished goods | 33 | €49,378 | - | -€49,378 | |
| Amounts receivable within one year | 40/41 | €1,204,530 | €942,935 | -€261,596 | -21.7% |
| Trade receivables | 40 | €696,206 | €559,366 | -€136,841 | -19.7% |
| Other amounts receivable | 41 | €508,324 | €383,569 | -€124,755 | -24.5% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Other investments | 51/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €83,459 | €151,072 | +€67,614 | +81.0% |
| Deferred charges and accrued income | 490/1 | €171,855 | €202,009 | +€30,153 | +17.5% |
| Total equity and liabilities | 10/49 | €5,753,829 | €5,840,742 | +€86,912 | +1.5% |
| Equity | 10/15 | €1,929,515 | €2,260,768 | +€331,253 | +17.2% |
| Contributions | 10/11 | €781,500 | €781,500 | = | 0.0% |
| Capital | 10 | €781,500 | €781,500 | = | 0.0% |
| Issued capital | 100 | €781,500 | €781,500 | = | 0.0% |
| Reserves | 13 | €1,144,051 | €1,477,222 | +€333,171 | +29.1% |
| Non-distributable reserves | 130/1 | €78,150 | €78,150 | = | 0.0% |
| Legal reserve | 130 | €78,150 | €78,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,418 | €39,418 | = | 0.0% |
| Distributable reserves | 133 | €1,026,483 | €1,359,654 | +€333,171 | +32.5% |
| Investment grants | 15 | €3,964 | €2,046 | -€1,917 | -48.4% |
| Amounts payable | 17/49 | €3,824,315 | €3,579,974 | -€244,341 | -6.4% |
| Amounts payable after more than one year | 17 | €1,304,030 | €1,137,200 | -€166,829 | -12.8% |
| Financial debts | 170/4 | €1,304,030 | €1,137,200 | -€166,829 | -12.8% |
| Leasing and similar obligations | 172 | €224,993 | - | -€224,993 | |
| Credit institutions | 173 | €1,079,037 | - | -€1.1m | |
| Amounts payable within one year | 42/48 | €2,488,056 | €2,372,688 | -€115,368 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €456,066 | €475,679 | +€19,613 | +4.3% |
| Trade debts | 44 | €1,767,404 | €1,586,116 | -€181,288 | -10.3% |
| Suppliers | 440/4 | €1,767,404 | €1,586,116 | -€181,288 | -10.3% |
| Taxes, remuneration and social security | 45 | €264,586 | €310,892 | +€46,306 | +17.5% |
| Taxes | 450/3 | €9,720 | €13,812 | +€4,093 | +42.1% |
| Remuneration and social security | 454/9 | €254,867 | €297,080 | +€42,213 | +16.6% |
| Accrued charges and deferred income | 492/3 | €32,229 | €70,086 | +€37,857 | +117.5% |
| Operating income | 70/76A | €12,545,341 | - | -€12.5m | |
| Turnover | 70 | €12,527,847 | - | -€12.5m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€39,570 | - | +€39,570 | |
| Other operating income | 74 | €50,458 | - | -€50,458 | |
| Non-recurring operating income | 76A | €6,606 | €0 | -€6,606 | -100.0% |
| Operating charges | 60/66A | €11,896,130 | - | -€11.9m | |
| Goods for resale, raw materials and consumables | 60 | €5,490,456 | - | -€5.5m | |
| Purchases | 600/8 | €5,497,020 | - | -€5.5m | |
| Change in stocks: decrease (increase) | 609 | -€6,564 | - | +€6,564 | |
| Services and other goods | 61 | €4,071,623 | - | -€4.1m | |
| Remuneration, social security and pensions | 62 | €1,663,099 | €1,820,946 | +€157,846 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710,535 | €711,902 | +€1,367 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€66,576 | -€22,962 | +€43,614 | +65.5% |
| Other operating charges | 640/8 | €26,993 | €34,995 | +€8,003 | +29.6% |
| Gross operating margin | 9900 | - | €3,082,176 | +€3.1m | |
| Operating profit (loss) | 9901 | €649,212 | €537,295 | -€111,917 | -17.2% |
| Financial income | 75/76B | €13,837 | €12,489 | -€1,348 | -9.7% |
| Recurring financial income | 75 | €13,837 | €12,489 | -€1,348 | -9.7% |
| Income from current assets | 751 | €8,246 | - | -€8,246 | |
| Other financial income | 752/9 | €5,591 | - | -€5,591 | |
| Financial charges | 65/66B | €88,829 | €95,365 | +€6,536 | +7.4% |
| Recurring financial charges | 65 | €88,829 | €95,365 | +€6,536 | +7.4% |
| Debt charges | 650 | €75,494 | - | -€75,494 | |
| Other financial charges | 652/9 | €13,335 | - | -€13,335 | |
| Profit (loss) for the period before taxes | 9903 | €574,219 | €454,419 | -€119,800 | -20.9% |
| Income taxes | 67/77 | €149,886 | €121,248 | -€28,638 | -19.1% |
| Taxes | 670/3 | €149,886 | - | -€149,886 | |
| Profit (loss) for the period | 9904 | €424,333 | €333,171 | -€91,162 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €424,333 | €333,171 | -€91,162 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.