DR. ABRAMOVA: 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.
DR. ABRAMOVA
Largest movements
- Tangible fixed assets -€31,380
down €31,380 (-43.1%), from €72,878 to €41,498
- Current investments +€29,850
up €29,850 (+7.1%), from €420,000 to €449,850
- Receivables within one year +€9,028
up €9,028 (+198.1%), from €4,558 to €13,586
of which Other amounts receivable: +€8,810
- Cash +€7,304
up €7,304 (+11.5%), from €63,642 to €70,945
mainly Net result for the year (+€80,571) and Depreciation (+€33,139)
- Other debts +€29,719
up €29,719 (+47.6%), from €62,474 to €92,193
- Debts after one year -€12,022
down €12,022 (-32.0%), from €37,550 to €25,528
- Reserves -€11,622
down €11,622 (-2.5%), from €463,248 to €451,626
- Gross operating margin -€37,899
down €37,899 (-16.1%), from €235,382 to €197,483
- Depreciation -€17,005
down €17,005 (-33.9%), from €50,143 to €33,139
- Taxes -€7,495
down €7,495 (-18.8%), from €39,768 to €32,274
- Staff costs +€2,821
up €2,821 (+5.3%), from €53,022 to €55,843
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 | €609,757 | €621,959 | +€12,202 | +2.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €72,878 | €41,498 | -€31,380 | -43.1% |
| Tangible fixed assets | 22/27 | €72,878 | €41,498 | -€31,380 | -43.1% |
| Land and buildings | 22 | €22,532 | €11,699 | -€10,833 | -48.1% |
| Plant, machinery and equipment | 23 | €2,163 | €2,215 | +€52 | +2.4% |
| Furniture and vehicles | 24 | €7,941 | €130 | -€7,810 | -98.4% |
| Other tangible fixed assets | 26 | €40,243 | €27,454 | -€12,789 | -31.8% |
| Current assets | 29/58 | €536,879 | €580,461 | +€43,582 | +8.1% |
| Amounts receivable within one year | 40/41 | €4,558 | €13,586 | +€9,028 | +198.1% |
| Trade receivables | 40 | - | €218 | +€218 | |
| Other amounts receivable | 41 | €4,558 | €13,368 | +€8,810 | +193.3% |
| Current investments | 50/53 | €420,000 | €449,850 | +€29,850 | +7.1% |
| Cash at bank and in hand | 54/58 | €63,642 | €70,945 | +€7,304 | +11.5% |
| Deferred charges and accrued income | 490/1 | €48,679 | €46,079 | -€2,600 | -5.3% |
| Total equity and liabilities | 10/49 | €609,757 | €621,959 | +€12,202 | +2.0% |
| Equity | 10/15 | €475,648 | €464,026 | -€11,622 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €463,248 | €451,626 | -€11,622 | -2.5% |
| Distributable reserves | 133 | €463,248 | €451,626 | -€11,622 | -2.5% |
| Amounts payable | 17/49 | €134,109 | €157,934 | +€23,824 | +17.8% |
| Amounts payable after more than one year | 17 | €37,550 | €25,528 | -€12,022 | -32.0% |
| Financial debts | 170/4 | €37,550 | €25,528 | -€12,022 | -32.0% |
| Amounts payable within one year | 42/48 | €96,559 | €132,406 | +€35,847 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €11,553 | €12,022 | +€469 | +4.1% |
| Trade debts | 44 | €4,965 | €6,004 | +€1,039 | +20.9% |
| Suppliers | 440/4 | €4,965 | €6,004 | +€1,039 | +20.9% |
| Taxes, remuneration and social security | 45 | €17,567 | €22,187 | +€4,620 | +26.3% |
| Taxes | 450/3 | €11,841 | €16,277 | +€4,436 | +37.5% |
| Remuneration and social security | 454/9 | €5,726 | €5,910 | +€184 | +3.2% |
| Other amounts payable | 47/48 | €62,474 | €92,193 | +€29,719 | +47.6% |
| Remuneration, social security and pensions | 62 | €53,022 | €55,843 | +€2,821 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,143 | €33,139 | -€17,005 | -33.9% |
| Other operating charges | 640/8 | €2,141 | €2,452 | +€311 | +14.5% |
| Non-recurring operating charges | 66A | €575 | - | -€575 | |
| Gross operating margin | 9900 | €235,382 | €197,483 | -€37,899 | -16.1% |
| Operating profit (loss) | 9901 | €129,501 | €106,050 | -€23,452 | -18.1% |
| Financial income | 75/76B | €9,841 | €9,217 | -€624 | -6.3% |
| Recurring financial income | 75 | €9,841 | €9,217 | -€624 | -6.3% |
| Financial charges | 65/66B | €2,697 | €2,422 | -€275 | -10.2% |
| Recurring financial charges | 65 | €2,697 | €2,422 | -€275 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €136,645 | €112,844 | -€23,801 | -17.4% |
| Income taxes | 67/77 | €39,768 | €32,274 | -€7,495 | -18.8% |
| Profit (loss) for the period | 9904 | €96,877 | €80,571 | -€16,306 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,877 | €80,571 | -€16,306 | -16.8% |
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 12 October 2026 via checked.be.