A.B.R.: 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.R.
Largest movements
- Cash +€106,307
up €106,307 (+140%), from €75,706 to €182,013
mainly Net result for the year (+€140,958) and Receivables within one year (+€54,336)
- Receivables within one year -€54,336
down €54,336 (-46.9%), from €115,972 to €61,636
of which Trade receivables: -€63,307
- Tangible fixed assets -€10,273
down €10,273 (-23.5%), from €43,734 to €33,461
of which Furniture and vehicles: -€10,273
- Other debts -€142,176
down €142,176 (-99.7%), from €142,628 to €453
- Profit (loss) carried forward +€140,958
up €140,958 (+535%), from €26,371 to €167,329
- Trade debts +€36,972
up €36,972 (+339%), from €10,911 to €47,884
- Tax, wage and social debts +€14,727
up €14,727 (+762%), from €1,932 to €16,659
of which Taxes: +€8,840
- Current portion of long-term debt -€6,809
down €6,809 (-79.9%), from €8,523 to €1,714
- Gross operating margin +€242,705
up €242,705 (+278%), from €87,265 to €329,970
- Staff costs +€58,870
up €58,870 (+91.6%), from €64,245 to €123,115
- Taxes +€43,840
new in 2025: €43,840
- Depreciation -€4,272
down €4,272 (-27.9%), from €15,288 to €11,016
- Other operating charges +€4,022
up €4,022 (+206%), from €1,951 to €5,974
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 | €239,671 | €281,630 | +€41,958 | +17.5% |
| Fixed assets | 21/28 | €43,734 | €33,461 | -€10,273 | -23.5% |
| Tangible fixed assets | 22/27 | €43,734 | €33,461 | -€10,273 | -23.5% |
| Land and buildings | 22 | €20,000 | €20,000 | = | 0.0% |
| Furniture and vehicles | 24 | €23,734 | €13,461 | -€10,273 | -43.3% |
| Current assets | 29/58 | €195,937 | €248,169 | +€52,231 | +26.7% |
| Amounts receivable within one year | 40/41 | €115,972 | €61,636 | -€54,336 | -46.9% |
| Trade receivables | 40 | €106,177 | €42,870 | -€63,307 | -59.6% |
| Other amounts receivable | 41 | €9,795 | €18,766 | +€8,971 | +91.6% |
| Cash at bank and in hand | 54/58 | €75,706 | €182,013 | +€106,307 | +140% |
| Deferred charges and accrued income | 490/1 | €4,260 | €4,520 | +€260 | +6.1% |
| Total equity and liabilities | 10/49 | €239,671 | €281,630 | +€41,958 | +17.5% |
| Equity | 10/15 | €73,963 | €214,921 | +€140,958 | +191% |
| Contributions | 10/11 | €39,592 | €39,592 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,371 | €167,329 | +€140,958 | +535% |
| Amounts payable | 17/49 | €165,708 | €66,709 | -€98,999 | -59.7% |
| Amounts payable after more than one year | 17 | €1,714 | - | -€1,714 | |
| Financial debts | 170/4 | €1,714 | - | -€1,714 | |
| Amounts payable within one year | 42/48 | €163,994 | €66,709 | -€97,286 | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €8,523 | €1,714 | -€6,809 | -79.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,911 | €47,884 | +€36,972 | +339% |
| Suppliers | 440/4 | €10,911 | €47,884 | +€36,972 | +339% |
| Taxes, remuneration and social security | 45 | €1,932 | €16,659 | +€14,727 | +762% |
| Taxes | 450/3 | €0 | €8,840 | +€8,840 | |
| Remuneration and social security | 454/9 | €1,932 | €7,819 | +€5,887 | +305% |
| Other amounts payable | 47/48 | €142,628 | €453 | -€142,176 | -99.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €64,245 | €123,115 | +€58,870 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,288 | €11,016 | -€4,272 | -27.9% |
| Other operating charges | 640/8 | €1,951 | €5,974 | +€4,022 | +206% |
| Gross operating margin | 9900 | €87,265 | €329,970 | +€242,705 | +278% |
| Operating profit (loss) | 9901 | €5,781 | €189,866 | +€184,085 | +3,185% |
| Financial income | 75/76B | - | €130 | +€130 | |
| Recurring financial income | 75 | - | €130 | +€130 | |
| Financial charges | 65/66B | €7,269 | €5,198 | -€2,071 | -28.5% |
| Recurring financial charges | 65 | €7,269 | €5,198 | -€2,071 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,488 | €184,798 | +€186,286 | |
| Income taxes | 67/77 | - | €43,840 | +€43,840 | |
| Profit (loss) for the period | 9904 | -€1,488 | €140,958 | +€142,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,488 | €140,958 | +€142,446 |
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 16 October 2026 via checked.be.