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
- Receivables within one year -€14,177
down €14,177 (-64.3%), from €22,040 to €7,863
of which Trade receivables: -€14,150
- Tangible fixed assets +€12,333
up €12,333 (+17.6%), from €69,964 to €82,297
of which Furniture and vehicles: +€22,805
- Cash -€8,302
down €8,302 (-17.6%), from €47,038 to €38,736
mainly Net result for the year (-€37,319) and Investment in fixed assets (net) (-€35,708)
- Deferred charges and accrued income +€4,565
up €4,565 (+42.1%), from €10,837 to €15,402
- Stocks and contracts -€4,452
down €4,452 (-17.4%), from €25,594 to €21,142
- Debts after one year +€40,393
up €40,393, from €0 to €40,393
- Profit (loss) carried forward -€37,319
down €37,319, from €0 to -€37,319
- Short-term financial debts -€11,003
down €11,003 (-32.3%), from €34,027 to €23,024
- Other debts -€9,512
down €9,512 (-37.2%), from €25,593 to €16,080
- Current portion of long-term debt +€6,582
up €6,582 (+70.1%), from €9,396 to €15,977
- Gross operating margin -€46,395
down €46,395, from €41,993 to -€4,402
- Depreciation +€5,885
up €5,885 (+32.4%), from €18,163 to €24,048
- Taxes -€4,140
down €4,140 (-92.7%), from €4,465 to €325
- Other operating charges +€877
up €877 (+63.6%), from €1,380 to €2,257
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 | €181,188 | €170,481 | -€10,707 | -5.9% |
| Fixed assets | 21/28 | €75,679 | €87,338 | +€11,659 | +15.4% |
| Intangible fixed assets | 21 | €5,715 | €5,041 | -€674 | -11.8% |
| Tangible fixed assets | 22/27 | €69,964 | €82,297 | +€12,333 | +17.6% |
| Land and buildings | 22 | €22,628 | €19,774 | -€2,854 | -12.6% |
| Plant, machinery and equipment | 23 | €33,864 | €26,247 | -€7,617 | -22.5% |
| Furniture and vehicles | 24 | €13,472 | €36,277 | +€22,805 | +169% |
| Current assets | 29/58 | €105,509 | €83,143 | -€22,366 | -21.2% |
| Stocks and contracts in progress | 3 | €25,594 | €21,142 | -€4,452 | -17.4% |
| Stocks | 30/36 | €25,594 | €21,142 | -€4,452 | -17.4% |
| Amounts receivable within one year | 40/41 | €22,040 | €7,863 | -€14,177 | -64.3% |
| Trade receivables | 40 | €22,013 | €7,863 | -€14,150 | -64.3% |
| Other amounts receivable | 41 | €28 | €0 | -€28 | -100% |
| Cash at bank and in hand | 54/58 | €47,038 | €38,736 | -€8,302 | -17.6% |
| Deferred charges and accrued income | 490/1 | €10,837 | €15,402 | +€4,565 | +42.1% |
| Total equity and liabilities | 10/49 | €181,188 | €170,481 | -€10,707 | -5.9% |
| Equity | 10/15 | €67,957 | €30,638 | -€37,319 | -54.9% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €30,757 | €30,757 | = | 0.0% |
| Distributable reserves | 133 | €30,757 | €30,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€37,319 | -€37,319 | |
| Amounts payable | 17/49 | €113,231 | €139,844 | +€26,612 | +23.5% |
| Amounts payable after more than one year | 17 | €0 | €40,393 | +€40,393 | |
| Financial debts | 170/4 | €0 | €40,393 | +€40,393 | |
| Amounts payable within one year | 42/48 | €109,699 | €96,780 | -€12,919 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €9,396 | €15,977 | +€6,582 | +70.1% |
| Financial debts | 43 | €34,027 | €23,024 | -€11,003 | -32.3% |
| Credit institutions | 430/8 | €34,027 | €23,024 | -€11,003 | -32.3% |
| Trade debts | 44 | €24,813 | €30,001 | +€5,189 | +20.9% |
| Suppliers | 440/4 | €24,813 | €30,001 | +€5,189 | +20.9% |
| Taxes, remuneration and social security | 45 | €15,871 | €11,697 | -€4,174 | -26.3% |
| Taxes | 450/3 | €12,233 | €8,033 | -€4,199 | -34.3% |
| Remuneration and social security | 454/9 | €3,638 | €3,664 | +€25 | +0.7% |
| Other amounts payable | 47/48 | €25,593 | €16,080 | -€9,512 | -37.2% |
| Accrued charges and deferred income | 492/3 | €3,532 | €2,670 | -€862 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,163 | €24,048 | +€5,885 | +32.4% |
| Other operating charges | 640/8 | €1,380 | €2,257 | +€877 | +63.6% |
| Non-recurring operating charges | 66A | €1,625 | €0 | -€1,625 | -100% |
| Gross operating margin | 9900 | €41,993 | -€4,402 | -€46,395 | |
| Operating profit (loss) | 9901 | €20,825 | -€30,708 | -€51,532 | |
| Financial charges | 65/66B | €6,590 | €6,287 | -€303 | -4.6% |
| Recurring financial charges | 65 | €6,590 | €6,287 | -€303 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €14,235 | -€36,994 | -€51,229 | |
| Income taxes | 67/77 | €4,465 | €325 | -€4,140 | -92.7% |
| Profit (loss) for the period | 9904 | €9,770 | -€37,319 | -€47,090 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,770 | -€37,319 | -€47,090 |
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 20 October 2026 via checked.be.