A.B. BLUE: 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.
A.B. BLUE
Largest movements
- Current investments -€284,158
down €284,158 (-74.6%), from €380,795 to €96,637
- Cash +€251,845
up €251,845 (+209%), from €120,248 to €372,094
mainly Current investments (+€284,158) and Receivables within one year (+€3,336)
- Reserves -€26,726
down €26,726 (-5.5%), from €481,789 to €455,063
of which Non-distributable reserves: -€26,726
- Tax, wage and social debts -€10,635
down €10,635 (-81.7%), from €13,021 to €2,386
- Gross operating margin -€55,274
down €55,274, from €32,256 to -€23,017
- Taxes -€6,457
down €6,457 (-79.5%), from €8,118 to €1,662
- Depreciation -€1,659
down €1,659 (-51.6%), from €3,216 to €1,557
- Financial income +€1,111
up €1,111 (+64.8%), from €1,716 to €2,827
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 | €515,087 | €477,832 | -€37,255 | -7.2% |
| Fixed assets | 21/28 | €2,180 | €623 | -€1,557 | -71.4% |
| Tangible fixed assets | 22/27 | €2,180 | €623 | -€1,557 | -71.4% |
| Plant, machinery and equipment | 23 | €1,055 | €623 | -€432 | -41.0% |
| Furniture and vehicles | 24 | €1,125 | - | -€1,125 | |
| Current assets | 29/58 | €512,907 | €477,209 | -€35,698 | -7.0% |
| Amounts receivable within one year | 40/41 | €11,256 | €7,920 | -€3,336 | -29.6% |
| Trade receivables | 40 | €1,429 | €7,248 | +€5,819 | +407% |
| Other amounts receivable | 41 | €9,827 | €672 | -€9,155 | -93.2% |
| Current investments | 50/53 | €380,795 | €96,637 | -€284,158 | -74.6% |
| Cash at bank and in hand | 54/58 | €120,248 | €372,094 | +€251,845 | +209% |
| Deferred charges and accrued income | 490/1 | €608 | €559 | -€49 | -8.1% |
| Total equity and liabilities | 10/49 | €515,087 | €477,832 | -€37,255 | -7.2% |
| Equity | 10/15 | €500,381 | €473,655 | -€26,726 | -5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €481,789 | €455,063 | -€26,726 | -5.5% |
| Non-distributable reserves | 130/1 | €29,090 | €2,364 | -€26,726 | -91.9% |
| Reserves not available under the articles | 1311 | €29,090 | €2,364 | -€26,726 | -91.9% |
| Distributable reserves | 133 | €452,699 | €452,699 | = | 0.0% |
| Amounts payable | 17/49 | €14,705 | €4,177 | -€10,529 | -71.6% |
| Amounts payable within one year | 42/48 | €14,584 | €4,177 | -€10,407 | -71.4% |
| Trade debts | 44 | €790 | €1,103 | +€314 | +39.7% |
| Suppliers | 440/4 | €790 | €1,103 | +€314 | +39.7% |
| Taxes, remuneration and social security | 45 | €13,021 | €2,386 | -€10,635 | -81.7% |
| Taxes | 450/3 | €13,021 | €2,386 | -€10,635 | -81.7% |
| Other amounts payable | 47/48 | €773 | €688 | -€85 | -11.1% |
| Accrued charges and deferred income | 492/3 | €122 | - | -€122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,216 | €1,557 | -€1,659 | -51.6% |
| Other operating charges | 640/8 | €1,101 | €960 | -€140 | -12.8% |
| Non-recurring operating charges | 66A | - | €1,232 | +€1,232 | |
| Gross operating margin | 9900 | €32,256 | -€23,017 | -€55,274 | |
| Operating profit (loss) | 9901 | €27,940 | -€26,766 | -€54,706 | |
| Financial income | 75/76B | €1,716 | €2,827 | +€1,111 | +64.8% |
| Recurring financial income | 75 | €1,716 | €2,827 | +€1,111 | +64.8% |
| Financial charges | 65/66B | €1,340 | €1,125 | -€214 | -16.0% |
| Recurring financial charges | 65 | €1,340 | €1,125 | -€214 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €28,316 | -€25,064 | -€53,380 | |
| Income taxes | 67/77 | €8,118 | €1,662 | -€6,457 | -79.5% |
| Profit (loss) for the period | 9904 | €20,198 | -€26,726 | -€46,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,198 | -€26,726 | -€46,924 |
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 15 October 2026 via checked.be.