AAB: 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.
AAB
Largest movements
- Receivables within one year +€259,603
up €259,603 (+5,676%), from €4,574 to €264,177
of which Other amounts receivable: +€262,058
- Cash -€85,103
down €85,103 (-62.0%), from €137,307 to €52,204
mainly Receivables within one year (-€259,603) and Investment in fixed assets (net) (-€67,816)
- Tangible fixed assets +€19,453
up €19,453 (+3.0%), from €658,209 to €677,662
of which Land and buildings: +€24,804
- Other debts +€190,611
up €190,611 (+16,603%), from €1,148 to €191,760
- Trade debts +€62,476
up €62,476 (+2,044%), from €3,056 to €65,532
- Debts after one year -€46,500
down €46,500 (-25.5%), from €182,125 to €135,625
- Gross operating margin -€115,502
down €115,502 (-69.5%), from €166,123 to €50,622
- Taxes -€29,646
down €29,646 (-73.3%), from €40,470 to €10,823
- Other operating charges +€2,135
up €2,135 (+276%), from €773 to €2,908
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 | €935,917 | €1,130,953 | +€195,036 | +20.8% |
| Fixed assets | 21/28 | €717,509 | €739,572 | +€22,063 | +3.1% |
| Tangible fixed assets | 22/27 | €658,209 | €677,662 | +€19,453 | +3.0% |
| Land and buildings | 22 | €645,445 | €670,249 | +€24,804 | +3.8% |
| Plant, machinery and equipment | 23 | €10,981 | €6,081 | -€4,900 | -44.6% |
| Furniture and vehicles | 24 | €1,782 | €1,331 | -€451 | -25.3% |
| Financial fixed assets | 28 | €59,300 | €61,910 | +€2,610 | +4.4% |
| Current assets | 29/58 | €218,408 | €391,381 | +€172,973 | +79.2% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,574 | €264,177 | +€259,603 | +5,676% |
| Trade receivables | 40 | €2,455 | €0 | -€2,455 | -100% |
| Other amounts receivable | 41 | €2,119 | €264,177 | +€262,058 | +12,368% |
| Cash at bank and in hand | 54/58 | €137,307 | €52,204 | -€85,103 | -62.0% |
| Deferred charges and accrued income | 490/1 | €1,527 | €0 | -€1,527 | -100% |
| Total equity and liabilities | 10/49 | €935,917 | €1,130,953 | +€195,036 | +20.8% |
| Equity | 10/15 | €681,177 | €670,630 | -€10,547 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €662,577 | €652,030 | -€10,547 | -1.6% |
| Distributable reserves | 133 | €662,577 | €652,030 | -€10,547 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €254,740 | €460,322 | +€205,583 | +80.7% |
| Amounts payable after more than one year | 17 | €182,125 | €135,625 | -€46,500 | -25.5% |
| Financial debts | 170/4 | €182,125 | €135,625 | -€46,500 | -25.5% |
| Amounts payable within one year | 42/48 | €72,615 | €324,697 | +€252,083 | +347% |
| Current portion of amounts payable after more than one year | 42 | €46,500 | €46,500 | = | 0.0% |
| Financial debts | 43 | €7,829 | €7,110 | -€719 | -9.2% |
| Credit institutions | 430/8 | €7,829 | €7,110 | -€719 | -9.2% |
| Trade debts | 44 | €3,056 | €65,532 | +€62,476 | +2,044% |
| Suppliers | 440/4 | €3,056 | €65,532 | +€62,476 | +2,044% |
| Taxes, remuneration and social security | 45 | €14,082 | €13,796 | -€286 | -2.0% |
| Taxes | 450/3 | €14,082 | €13,796 | -€286 | -2.0% |
| Other amounts payable | 47/48 | €1,148 | €191,760 | +€190,611 | +16,603% |
| Non-recurring operating income | 76A | €55,354 | €2,924 | -€52,430 | -94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,839 | €45,753 | -€86 | -0.2% |
| Other operating charges | 640/8 | €773 | €2,908 | +€2,135 | +276% |
| Gross operating margin | 9900 | €166,123 | €50,622 | -€115,502 | -69.5% |
| Operating profit (loss) | 9901 | €119,511 | €1,960 | -€117,551 | -98.4% |
| Financial income | 75/76B | €2,250 | €2,250 | = | 0.0% |
| Recurring financial income | 75 | €2,250 | €2,250 | = | 0.0% |
| Financial charges | 65/66B | €4,740 | €3,934 | -€807 | -17.0% |
| Recurring financial charges | 65 | €4,740 | €3,934 | -€807 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €117,021 | €277 | -€116,744 | -99.8% |
| Income taxes | 67/77 | €40,470 | €10,823 | -€29,646 | -73.3% |
| Profit (loss) for the period | 9904 | €76,551 | -€10,547 | -€87,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,551 | -€10,547 | -€87,098 |
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.