A.B. EUROPE: 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. EUROPE
Largest movements
- Tangible fixed assets +€34,990
up €34,990 (+10.0%), from €349,049 to €384,039
of which Furniture and vehicles: +€76,572
- Cash -€19,730
down €19,730 (-48.9%), from €40,348 to €20,618
mainly Investment in fixed assets (net) (-€96,619) and Trade debts (-€16,777)
- Current portion of long-term debt +€38,302
up €38,302 (+23.9%), from €160,029 to €198,331
- Other debts +€19,935
up €19,935 (+12.0%), from €166,441 to €186,376
- Trade debts -€16,777
down €16,777 (-30.0%), from €55,962 to €39,185
- Tax, wage and social debts -€13,109
down €13,109 (-42.9%), from €30,561 to €17,452
of which Taxes: -€9,345
- Debts after one year -€9,657
down €9,657 (-22.2%), from €43,489 to €33,832
- Gross operating margin -€19,528
down €19,528 (-7.5%), from €260,212 to €240,684
- Staff costs -€15,883
down €15,883 (-10.6%), from €150,207 to €134,324
- Depreciation +€9,450
up €9,450 (+18.1%), from €52,179 to €61,629
- Taxes -€6,124
down €6,124 (-37.3%), from €16,416 to €10,292
- Financial charges -€5,175
down €5,175 (-28.6%), from €18,109 to €12,934
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 | €660,745 | €685,414 | +€24,669 | +3.7% |
| Fixed assets | 21/28 | €349,149 | €384,139 | +€34,990 | +10.0% |
| Tangible fixed assets | 22/27 | €349,049 | €384,039 | +€34,990 | +10.0% |
| Land and buildings | 22 | €334,205 | €294,308 | -€39,897 | -11.9% |
| Plant, machinery and equipment | 23 | €5,642 | €3,957 | -€1,685 | -29.9% |
| Furniture and vehicles | 24 | €9,202 | €85,774 | +€76,572 | +832% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €311,596 | €301,275 | -€10,321 | -3.3% |
| Amounts receivable within one year | 40/41 | €268,875 | €273,183 | +€4,308 | +1.6% |
| Trade receivables | 40 | €268,875 | €272,200 | +€3,325 | +1.2% |
| Other amounts receivable | 41 | - | €983 | +€983 | |
| Cash at bank and in hand | 54/58 | €40,348 | €20,618 | -€19,730 | -48.9% |
| Deferred charges and accrued income | 490/1 | €2,373 | €7,474 | +€5,101 | +215% |
| Total equity and liabilities | 10/49 | €660,745 | €685,414 | +€24,669 | +3.7% |
| Equity | 10/15 | €204,263 | €210,238 | +€5,975 | +2.9% |
| Contributions | 10/11 | €123,950 | €123,950 | = | 0.0% |
| Capital | 10 | €123,950 | €123,950 | = | 0.0% |
| Issued capital | 100 | €123,950 | €123,950 | = | 0.0% |
| Revaluation surpluses | 12 | €62,218 | €62,218 | = | 0.0% |
| Reserves | 13 | €81,289 | €81,289 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €68,894 | €68,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,194 | -€57,219 | +€5,975 | +9.5% |
| Amounts payable | 17/49 | €456,482 | €475,176 | +€18,694 | +4.1% |
| Amounts payable after more than one year | 17 | €43,489 | €33,832 | -€9,657 | -22.2% |
| Financial debts | 170/4 | €43,489 | €33,832 | -€9,657 | -22.2% |
| Amounts payable within one year | 42/48 | €412,993 | €441,344 | +€28,351 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €160,029 | €198,331 | +€38,302 | +23.9% |
| Trade debts | 44 | €55,962 | €39,185 | -€16,777 | -30.0% |
| Suppliers | 440/4 | €55,962 | €39,185 | -€16,777 | -30.0% |
| Taxes, remuneration and social security | 45 | €30,561 | €17,452 | -€13,109 | -42.9% |
| Taxes | 450/3 | €10,871 | €1,526 | -€9,345 | -86.0% |
| Remuneration and social security | 454/9 | €19,690 | €15,926 | -€3,764 | -19.1% |
| Other amounts payable | 47/48 | €166,441 | €186,376 | +€19,935 | +12.0% |
| Remuneration, social security and pensions | 62 | €150,207 | €134,324 | -€15,883 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,179 | €61,629 | +€9,450 | +18.1% |
| Other operating charges | 640/8 | €13,771 | €16,716 | +€2,945 | +21.4% |
| Non-recurring operating charges | 66A | €499 | - | -€499 | |
| Gross operating margin | 9900 | €260,212 | €240,684 | -€19,528 | -7.5% |
| Operating profit (loss) | 9901 | €43,556 | €28,015 | -€15,541 | -35.7% |
| Financial income | 75/76B | €3,173 | €1,186 | -€1,987 | -62.6% |
| Recurring financial income | 75 | €3,173 | €1,186 | -€1,987 | -62.6% |
| Financial charges | 65/66B | €18,109 | €12,934 | -€5,175 | -28.6% |
| Recurring financial charges | 65 | €18,109 | €12,934 | -€5,175 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €28,620 | €16,267 | -€12,353 | -43.2% |
| Income taxes | 67/77 | €16,416 | €10,292 | -€6,124 | -37.3% |
| Profit (loss) for the period | 9904 | €12,204 | €5,975 | -€6,229 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,204 | €5,975 | -€6,229 | -51.0% |
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 31 October 2026 via checked.be.