ABRAFA: 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.
ABRAFA
Largest movements
- Current investments -€142,906
down €142,906 (-53.3%), from €267,924 to €125,019
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year +€20,274
up €20,274 (+307%), from €6,601 to €26,875
of which Trade receivables: +€12,478
- Tax, wage and social debts -€19,625
no longer reported in 2025 (was €19,625)
- Trade debts +€12,056
up €12,056 (+285%), from €4,234 to €16,290
- Profit (loss) carried forward -€10,878
down €10,878 (-4.3%), from €252,749 to €241,871
- Other debts -€3,391
down €3,391 (-22.2%), from €15,274 to €11,883
- Gross operating margin -€110,105
down €110,105, from €67,349 to -€42,756
- Financial income +€34,734
up €34,734 (+880%), from €3,948 to €38,681
- Taxes -€17,431
down €17,431 (-97.1%), from €17,951 to €520
- Financial charges +€3,337
up €3,337 (+898%), from €372 to €3,709
- Other operating charges -€1,035
down €1,035 (-72.1%), from €1,435 to €400
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 | €296,882 | €275,049 | -€21,833 | -7.4% |
| Fixed assets | 21/28 | €3,999 | €5,991 | +€1,992 | +49.8% |
| Tangible fixed assets | 22/27 | €3,999 | €5,991 | +€1,992 | +49.8% |
| Plant, machinery and equipment | 23 | €1,281 | €461 | -€820 | -64.0% |
| Furniture and vehicles | 24 | - | €3,463 | +€3,463 | |
| Other tangible fixed assets | 26 | €2,718 | €2,068 | -€651 | -23.9% |
| Current assets | 29/58 | €292,883 | €269,058 | -€23,825 | -8.1% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €6,601 | €26,875 | +€20,274 | +307% |
| Trade receivables | 40 | €2,552 | €15,029 | +€12,478 | +489% |
| Other amounts receivable | 41 | €4,049 | €11,846 | +€7,797 | +193% |
| Current investments | 50/53 | €267,924 | €125,019 | -€142,906 | -53.3% |
| Cash at bank and in hand | 54/58 | €17,591 | €15,819 | -€1,772 | -10.1% |
| Deferred charges and accrued income | 490/1 | €766 | €1,345 | +€579 | +75.5% |
| Total equity and liabilities | 10/49 | €296,882 | €275,049 | -€21,833 | -7.4% |
| Equity | 10/15 | €257,749 | €246,871 | -€10,878 | -4.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,749 | €241,871 | -€10,878 | -4.3% |
| Amounts payable | 17/49 | €39,133 | €28,178 | -€10,955 | -28.0% |
| Amounts payable within one year | 42/48 | €39,133 | €28,178 | -€10,955 | -28.0% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €4,234 | €16,290 | +€12,056 | +285% |
| Suppliers | 440/4 | €4,234 | €16,290 | +€12,056 | +285% |
| Taxes, remuneration and social security | 45 | €19,625 | - | -€19,625 | |
| Taxes | 450/3 | €19,625 | - | -€19,625 | |
| Other amounts payable | 47/48 | €15,274 | €11,883 | -€3,391 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,355 | €2,175 | +€820 | +60.5% |
| Other operating charges | 640/8 | €1,435 | €400 | -€1,035 | -72.1% |
| Gross operating margin | 9900 | €67,349 | -€42,756 | -€110,105 | |
| Operating profit (loss) | 9901 | €64,559 | -€45,330 | -€109,889 | |
| Financial income | 75/76B | €3,948 | €38,681 | +€34,734 | +880% |
| Recurring financial income | 75 | €3,948 | €38,681 | +€34,734 | +880% |
| Financial charges | 65/66B | €372 | €3,709 | +€3,337 | +898% |
| Recurring financial charges | 65 | €372 | €3,709 | +€3,337 | +898% |
| Profit (loss) for the period before taxes | 9903 | €68,135 | -€10,358 | -€78,492 | |
| Income taxes | 67/77 | €17,951 | €520 | -€17,431 | -97.1% |
| Profit (loss) for the period | 9904 | €50,184 | -€10,878 | -€61,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,184 | -€10,878 | -€61,062 |
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 13 October 2026 via checked.be.