ABRAS IMMOBILIER: 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.
ABRAS IMMOBILIER
Largest movements
- Cash -€83,871
down €83,871 (-64.9%), from €129,251 to €45,380
mainly Contributions, distributions and other (-€117,647) and Investment in fixed assets (net) (-€88,729)
- Stocks and contracts +€58,574
new in 2025: €58,574
- Tangible fixed assets +€51,924
up €51,924 (+14.1%), from €368,006 to €419,930
of which Land and buildings: +€64,584
- Deferred charges and accrued income -€25,512
down €25,512 (-87.1%), from €29,307 to €3,795
- Receivables within one year +€20,129
up €20,129 (+1,517%), from €1,327 to €21,456
of which Trade receivables: +€15,716
- Profit (loss) carried forward +€34,051
up €34,051 (+16.2%), from €210,790 to €244,840
- Tax, wage and social debts -€9,847
down €9,847 (-24.5%), from €40,131 to €30,284
of which Taxes: -€14,926
- Debts after one year +€7,293
up €7,293 (+3.7%), from €199,672 to €206,965
- Trade debts -€6,552
down €6,552 (-81.5%), from €8,038 to €1,487
- Current portion of long-term debt -€6,214
down €6,214 (-13.8%), from €45,093 to €38,879
- Gross operating margin +€51,287
up €51,287 (+19.7%), from €259,799 to €311,086
- Taxes +€22,926
up €22,926 (+100.0%), from €22,933 to €45,860
- Depreciation +€3,333
up €3,333 (+9.7%), from €34,441 to €37,775
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 | €528,959 | €549,235 | +€20,276 | +3.8% |
| Fixed assets | 21/28 | €368,975 | €419,930 | +€50,955 | +13.8% |
| Intangible fixed assets | 21 | €969 | €0 | -€969 | -100% |
| Tangible fixed assets | 22/27 | €368,006 | €419,930 | +€51,924 | +14.1% |
| Land and buildings | 22 | €276,565 | €341,149 | +€64,584 | +23.4% |
| Plant, machinery and equipment | 23 | €42,797 | €42,475 | -€322 | -0.8% |
| Furniture and vehicles | 24 | €48,644 | €36,306 | -€12,338 | -25.4% |
| Current assets | 29/58 | €159,984 | €129,305 | -€30,679 | -19.2% |
| Stocks and contracts in progress | 3 | - | €58,574 | +€58,574 | |
| Stocks | 30/36 | - | €58,574 | +€58,574 | |
| Amounts receivable within one year | 40/41 | €1,327 | €21,456 | +€20,129 | +1,517% |
| Trade receivables | 40 | €1,290 | €17,006 | +€15,716 | +1,218% |
| Other amounts receivable | 41 | €37 | €4,450 | +€4,413 | +12,078% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €129,251 | €45,380 | -€83,871 | -64.9% |
| Deferred charges and accrued income | 490/1 | €29,307 | €3,795 | -€25,512 | -87.1% |
| Total equity and liabilities | 10/49 | €528,959 | €549,235 | +€20,276 | +3.8% |
| Equity | 10/15 | €231,250 | €265,300 | +€34,051 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,790 | €244,840 | +€34,051 | +16.2% |
| Amounts payable | 17/49 | €297,710 | €283,935 | -€13,775 | -4.6% |
| Amounts payable after more than one year | 17 | €199,672 | €206,965 | +€7,293 | +3.7% |
| Financial debts | 170/4 | €199,672 | €206,965 | +€7,293 | +3.7% |
| Amounts payable within one year | 42/48 | €97,955 | €76,960 | -€20,995 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €45,093 | €38,879 | -€6,214 | -13.8% |
| Trade debts | 44 | €8,038 | €1,487 | -€6,552 | -81.5% |
| Suppliers | 440/4 | €8,038 | €1,487 | -€6,552 | -81.5% |
| Taxes, remuneration and social security | 45 | €40,131 | €30,284 | -€9,847 | -24.5% |
| Taxes | 450/3 | €30,371 | €15,445 | -€14,926 | -49.1% |
| Remuneration and social security | 454/9 | €9,761 | €14,840 | +€5,079 | +52.0% |
| Other amounts payable | 47/48 | €4,692 | €6,310 | +€1,619 | +34.5% |
| Accrued charges and deferred income | 492/3 | €83 | €10 | -€73 | -88.4% |
| Remuneration, social security and pensions | 62 | €61,577 | €60,946 | -€632 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,441 | €37,775 | +€3,333 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,523 | +€1,523 | |
| Other operating charges | 640/8 | €7,656 | €5,555 | -€2,101 | -27.4% |
| Gross operating margin | 9900 | €259,799 | €311,086 | +€51,287 | +19.7% |
| Operating profit (loss) | 9901 | €156,124 | €205,288 | +€49,164 | +31.5% |
| Financial income | 75/76B | €874 | €0 | -€874 | -100.0% |
| Recurring financial income | 75 | €874 | €0 | -€874 | -100.0% |
| Financial charges | 65/66B | €6,757 | €7,731 | +€974 | +14.4% |
| Recurring financial charges | 65 | €6,757 | €7,731 | +€974 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €150,241 | €197,557 | +€47,316 | +31.5% |
| Income taxes | 67/77 | €22,933 | €45,860 | +€22,926 | +100.0% |
| Profit (loss) for the period | 9904 | €127,308 | €151,698 | +€24,390 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €127,308 | €151,698 | +€24,390 | +19.2% |
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.