ABRI: 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
ABRI
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,385
2024 · -€42,752+€47,137
Equity
€2.3m
2024 · €2.3m+€12,761
Cash
€34,353
2024 · €29,420+€4,934
Balance sheet total
€4.6m
2024 · €4.6m-€39,938
Largest movements
Assets
- Tangible fixed assets -€85,315
down €85,315 (-2.2%), from €3.9m to €3.8m
of which Land and buildings: -€76,058
Equity and liabilities
- Debts after one year -€89,081
down €89,081 (-6.3%), from €1.4m to €1.3m
of which Financial debts: -€94,963
Income statement
- Financial charges -€28,555
down €28,555 (-39.3%), from €72,684 to €44,129
of which Non-recurring financial charges: -€30,000
- Gross operating margin +€22,218
up €22,218 (+12.3%), from €180,606 to €202,824
- Taxes +€15,740
up €15,740 (+321.8%), from €4,891 to €20,631
- Financial income +€14,023
up €14,023 (+4121.8%), from €340 to €14,363
- Depreciation +€3,864
up €3,864 (+2.8%), from €137,980 to €141,844
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
-€42,752
Gross operating margin
+€22,218
Depreciation
-€3,864
Other operating charges
+€1,774
Financial income
+€14,023
Financial charges
+€28,555
Taxes
-€15,740
Deferred taxes and other
+€170
Result 2025
€4,385
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
+€175,376
Investment
-€91,513
Financing
-€78,929
Cash 2024
€29,420
From operations (derived)
+€175,376
Net result for the year
+€4,385
Depreciation
+€141,844
Receivables within one year
-€1,205
Deferred charges and accrued income
-€4,254
Provisions
-€26,255
Trade debts
-€1,117
Tax, wage and social debts
+€2,899
Other debts
+€44,579
Accrued charges and deferred income
+€14,500
Investment (derived)
-€91,513
Investment in fixed assets (net)
-€64,029
Current investments
-€27,484
Financing
-€78,929
Debts after one year
-€89,081
Current portion of long-term debt
+€1,776
Contributions, distributions and other
+€8,376
Cash 2025
€34,353
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,610,628 | €4,570,690 | -€39,938 | -0.9% |
| Fixed assets | 21/28 | €3,893,914 | €3,816,099 | -€77,815 | -2.0% |
| Tangible fixed assets | 22/27 | €3,873,748 | €3,788,433 | -€85,315 | -2.2% |
| Land and buildings | 22 | €3,819,882 | €3,743,824 | -€76,058 | -2.0% |
| Furniture and vehicles | 24 | €53,866 | €44,609 | -€9,257 | -17.2% |
| Financial fixed assets | 28 | €20,167 | €27,667 | +€7,500 | +37.2% |
| Current assets | 29/58 | €716,714 | €754,591 | +€37,877 | +5.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €76,930 | €78,135 | +€1,205 | +1.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €76,930 | €78,135 | +€1,205 | +1.6% |
| Current investments | 50/53 | €610,364 | €637,849 | +€27,484 | +4.5% |
| Cash at bank and in hand | 54/58 | €29,420 | €34,353 | +€4,934 | +16.8% |
| Deferred charges and accrued income | 490/1 | - | €4,254 | +€4,254 | |
| Total equity and liabilities | 10/49 | €4,610,628 | €4,570,690 | -€39,938 | -0.9% |
| Equity | 10/15 | €2,276,675 | €2,289,436 | +€12,761 | +0.6% |
| Contributions | 10/11 | €197,465 | €197,465 | = | 0.0% |
| Reserves | 13 | €2,079,210 | €2,091,971 | +€12,761 | +0.6% |
| Tax-exempt reserves | 132 | €1,723,837 | €1,678,578 | -€45,259 | -2.6% |
| Distributable reserves | 133 | €355,373 | €413,393 | +€58,020 | +16.3% |
| Provisions and deferred taxes | 16 | €585,781 | €559,526 | -€26,255 | -4.5% |
| Deferred taxes | 168 | €585,781 | €559,526 | -€26,255 | -4.5% |
| Amounts payable | 17/49 | €1,748,173 | €1,721,728 | -€26,444 | -1.5% |
| Amounts payable after more than one year | 17 | €1,404,947 | €1,315,866 | -€89,081 | -6.3% |
| Financial debts | 170/4 | €1,394,027 | €1,299,063 | -€94,963 | -6.8% |
| Other amounts payable | 178/9 | €10,920 | €16,803 | +€5,883 | +53.9% |
| Amounts payable within one year | 42/48 | €335,614 | €383,750 | +€48,137 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €93,187 | €94,963 | +€1,776 | +1.9% |
| Trade debts | 44 | €12,252 | €11,135 | -€1,117 | -9.1% |
| Suppliers | 440/4 | €12,252 | €11,135 | -€1,117 | -9.1% |
| Taxes, remuneration and social security | 45 | €4,242 | €7,141 | +€2,899 | +68.3% |
| Taxes | 450/3 | €4,242 | €7,141 | +€2,899 | +68.3% |
| Other amounts payable | 47/48 | €225,932 | €270,511 | +€44,579 | +19.7% |
| Accrued charges and deferred income | 492/3 | €7,612 | €22,112 | +€14,500 | +190.5% |
| Non-recurring operating income | 76A | €286 | €0 | -€286 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,980 | €141,844 | +€3,864 | +2.8% |
| Other operating charges | 640/8 | €25,852 | €24,078 | -€1,774 | -6.9% |
| Gross operating margin | 9900 | €180,606 | €202,824 | +€22,218 | +12.3% |
| Operating profit (loss) | 9901 | €16,774 | €36,902 | +€20,128 | +120.0% |
| Financial income | 75/76B | €340 | €14,363 | +€14,023 | +4121.8% |
| Recurring financial income | 75 | €340 | €14,363 | +€14,023 | +4121.8% |
| Financial charges | 65/66B | €72,684 | €44,129 | -€28,555 | -39.3% |
| Recurring financial charges | 65 | €42,684 | €44,129 | +€1,445 | +3.4% |
| Non-recurring financial charges | 66B | €30,000 | €0 | -€30,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,569 | €7,137 | +€62,706 | |
| Transfer from deferred taxes | 780 | €17,708 | €17,878 | +€170 | +1.0% |
| Income taxes | 67/77 | €4,891 | €20,631 | +€15,740 | +321.8% |
| Profit (loss) for the period | 9904 | -€42,752 | €4,385 | +€47,137 | |
| Transfer from tax-exempt reserves | 789 | €53,125 | €53,635 | +€511 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,373 | €58,020 | +€47,647 | +459.4% |
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 7 October 2026 via checked.be.