AAB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€28,166
down €28,166 (-99.8%), from €28,223 to €57
mainly Trade debts (-€23,241) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets -€6,573
down €6,573 (-24.3%), from €27,015 to €20,441
of which Furniture and vehicles: -€6,238
- Receivables within one year -€3,712
down €3,712 (-5.8%), from €63,496 to €59,784
of which Trade receivables: -€4,253
- Deferred charges and accrued income -€2,387
down €2,387 (-74.4%), from €3,210 to €823
- Trade debts -€23,241
down €23,241 (-52.7%), from €44,130 to €20,889
- Other debts -€8,529
down €8,529 (-34.4%), from €24,762 to €16,233
- Tax, wage and social debts -€8,442
down €8,442 (-35.1%), from €24,074 to €15,632
of which Taxes: -€8,442
- Debts after one year -€5,951
down €5,951 (-30.2%), from €19,687 to €13,736
- Short-term financial debts +€3,246
new in 2025: €3,246
- Gross operating margin +€6,891
up €6,891 (+30.2%), from €22,791 to €29,682
- Depreciation +€1,126
up €1,126 (+20.7%), from €5,448 to €6,573
- Taxes +€633
up €633 (+15.9%), from €3,977 to €4,610
- Other operating charges -€506
down €506 (-57.2%), from €885 to €379
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.
Cash bridge derived
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 | €122,324 | €81,486 | -€40,838 | -33.4% |
| Fixed assets | 21/28 | €27,395 | €20,822 | -€6,573 | -24.0% |
| Tangible fixed assets | 22/27 | €27,015 | €20,441 | -€6,573 | -24.3% |
| Plant, machinery and equipment | 23 | €544 | €209 | -€335 | -61.6% |
| Furniture and vehicles | 24 | €26,470 | €20,232 | -€6,238 | -23.6% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €94,929 | €60,664 | -€34,265 | -36.1% |
| Amounts receivable within one year | 40/41 | €63,496 | €59,784 | -€3,712 | -5.8% |
| Trade receivables | 40 | €63,448 | €59,195 | -€4,253 | -6.7% |
| Other amounts receivable | 41 | €48 | €589 | +€541 | +1121.1% |
| Cash at bank and in hand | 54/58 | €28,223 | €57 | -€28,166 | -99.8% |
| Deferred charges and accrued income | 490/1 | €3,210 | €823 | -€2,387 | -74.4% |
| Total equity and liabilities | 10/49 | €122,324 | €81,486 | -€40,838 | -33.4% |
| Equity | 10/15 | €3,953 | €5,798 | +€1,845 | +46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €953 | €2,798 | +€1,845 | +193.7% |
| Amounts payable | 17/49 | €118,371 | €75,688 | -€42,684 | -36.1% |
| Amounts payable after more than one year | 17 | €19,687 | €13,736 | -€5,951 | -30.2% |
| Financial debts | 170/4 | €19,687 | €13,736 | -€5,951 | -30.2% |
| Amounts payable within one year | 42/48 | €98,684 | €61,951 | -€36,733 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €5,718 | €5,951 | +€232 | +4.1% |
| Financial debts | 43 | - | €3,246 | +€3,246 | |
| Credit institutions | 430/8 | - | €3,246 | +€3,246 | |
| Trade debts | 44 | €44,130 | €20,889 | -€23,241 | -52.7% |
| Suppliers | 440/4 | €44,130 | €20,889 | -€23,241 | -52.7% |
| Taxes, remuneration and social security | 45 | €24,074 | €15,632 | -€8,442 | -35.1% |
| Taxes | 450/3 | €24,074 | €15,632 | -€8,442 | -35.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €24,762 | €16,233 | -€8,529 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,448 | €6,573 | +€1,126 | +20.7% |
| Other operating charges | 640/8 | €885 | €379 | -€506 | -57.2% |
| Gross operating margin | 9900 | €22,791 | €29,682 | +€6,891 | +30.2% |
| Operating profit (loss) | 9901 | €16,457 | €22,729 | +€6,272 | +38.1% |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.3% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.3% |
| Financial charges | 65/66B | €1,353 | €1,274 | -€79 | -5.8% |
| Recurring financial charges | 65 | €1,353 | €1,274 | -€79 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €15,115 | €21,455 | +€6,340 | +41.9% |
| Income taxes | 67/77 | €3,977 | €4,610 | +€633 | +15.9% |
| Profit (loss) for the period | 9904 | €11,139 | €16,845 | +€5,707 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,139 | €16,845 | +€5,707 | +51.2% |
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 11 October 2026 via checked.be.