AB: 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.
What changed
AB
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€537
2023 · -€29,498+€28,961
Equity
€1.5m
2023 · €1.5m-€507
Cash
€11,939
2023 · €24,724-€12,785
Balance sheet total
€5.8m
2023 · €4.9m+€918,901
Largest movements
Assets
- Deferred charges and accrued income +€433,911
up €433,911 (+1,632%), from €26,581 to €460,493
- Stocks and contracts +€358,186
up €358,186 (+15.2%), from €2.4m to €2.7m
- Receivables within one year +€297,501
up €297,501 (+33.6%), from €885,361 to €1.2m
of which Trade receivables: +€200,073
- Tangible fixed assets -€157,912
down €157,912 (-10.0%), from €1.6m to €1.4m
of which Land and buildings: -€309,730
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+219%), from €612,211 to €2.0m
- Advances received -€301,500
down €301,500 (-37.5%), from €803,500 to €502,000
- Debts after one year -€219,834
down €219,834 (-54.4%), from €403,948 to €184,114
of which Financial debts: -€219,834
- Trade debts +€125,929
up €125,929 (+49.5%), from €254,366 to €380,295
Income statement
- Gross operating margin -€167,885
down €167,885 (-33.4%), from €503,085 to €335,200
- Financial income +€137,463
up €137,463 (+454%), from €30,257 to €167,720
of which Non-recurring financial income: +€145,864
- Other operating charges -€44,783
down €44,783 (-51.2%), from €87,500 to €42,717
- Depreciation +€9,198
up €9,198 (+3.2%), from €291,653 to €300,851
From the 2023 result to the 2024 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.
Result 2023
-€29,498
Gross operating margin
-€167,885
Staff costs
+€2,942
Depreciation
-€9,198
Write-downs
+€423
Other operating charges
+€44,783
Other operating items
+€23,148
Financial income
+€137,463
Financial charges
-€227
Taxes
+€385
Deferred taxes and other
-€2,874
Result 2024
-€537
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€396,667
Investment
-€142,939
Financing
-€266,513
Cash 2023
€24,724
From operations (derived)
+€396,667
Net result for the year
-€537
Depreciation
+€300,851
Stocks and contracts
-€358,186
Receivables within one year
-€297,501
Deferred charges and accrued income
-€433,911
Smaller working-capital items
+€1,215
Trade debts
+€125,929
Advances received
-€301,500
Other debts
+€1.3m
Accrued charges and deferred income
+€21,889
Investment (derived)
-€142,939
Investment in fixed assets (net)
-€142,939
Financing
-€266,513
Debts after one year
-€219,834
Current portion of long-term debt
-€8,219
Short-term financial debts
-€38,489
Contributions, distributions and other
+€30
Cash 2024
€11,939
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,871,023 | €5,789,924 | +€918,901 | +18.9% |
| Fixed assets | 21/28 | €1,581,390 | €1,423,478 | -€157,912 | -10.0% |
| Tangible fixed assets | 22/27 | €1,581,390 | €1,423,478 | -€157,912 | -10.0% |
| Land and buildings | 22 | €589,187 | €279,458 | -€309,730 | -52.6% |
| Plant, machinery and equipment | 23 | €8,298 | €19,810 | +€11,512 | +139% |
| Furniture and vehicles | 24 | €983,905 | €1,124,210 | +€140,306 | +14.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €3,289,633 | €4,366,446 | +€1.1m | +32.7% |
| Stocks and contracts in progress | 3 | €2,352,967 | €2,711,152 | +€358,186 | +15.2% |
| Stocks | 30/36 | €2,352,967 | €2,711,152 | +€358,186 | +15.2% |
| Amounts receivable within one year | 40/41 | €885,361 | €1,182,861 | +€297,501 | +33.6% |
| Trade receivables | 40 | €387,400 | €587,473 | +€200,073 | +51.6% |
| Other amounts receivable | 41 | €497,960 | €595,388 | +€97,427 | +19.6% |
| Cash at bank and in hand | 54/58 | €24,724 | €11,939 | -€12,785 | -51.7% |
| Deferred charges and accrued income | 490/1 | €26,581 | €460,493 | +€433,911 | +1,632% |
| Total equity and liabilities | 10/49 | €4,871,023 | €5,789,924 | +€918,901 | +18.9% |
| Equity | 10/15 | €1,508,688 | €1,508,181 | -€507 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,446,688 | €1,446,181 | -€507 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,540 | €54,003 | -€537 | -1.0% |
| Distributable reserves | 133 | €1,385,948 | €1,385,978 | +€30 | 0.0% |
| Provisions and deferred taxes | 16 | €18,180 | €18,001 | -€179 | -1.0% |
| Deferred taxes | 168 | €18,180 | €18,001 | -€179 | -1.0% |
| Amounts payable | 17/49 | €3,344,155 | €4,263,741 | +€919,586 | +27.5% |
| Amounts payable after more than one year | 17 | €403,948 | €184,114 | -€219,834 | -54.4% |
| Financial debts | 170/4 | €389,799 | €169,965 | -€219,834 | -56.4% |
| Other amounts payable | 178/9 | €14,149 | €14,149 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,847,917 | €3,965,447 | +€1.1m | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €310,271 | €302,051 | -€8,219 | -2.6% |
| Financial debts | 43 | €860,734 | €822,245 | -€38,489 | -4.5% |
| Credit institutions | 430/8 | €860,734 | €822,245 | -€38,489 | -4.5% |
| Trade debts | 44 | €254,366 | €380,295 | +€125,929 | +49.5% |
| Suppliers | 440/4 | €254,366 | €380,295 | +€125,929 | +49.5% |
| Advances received on contracts in progress | 46 | €803,500 | €502,000 | -€301,500 | -37.5% |
| Taxes, remuneration and social security | 45 | €6,835 | €8,229 | +€1,394 | +20.4% |
| Taxes | 450/3 | €406 | €406 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,429 | €7,823 | +€1,394 | +21.7% |
| Other amounts payable | 47/48 | €612,211 | €1,950,627 | +€1.3m | +219% |
| Accrued charges and deferred income | 492/3 | €92,291 | €114,180 | +€21,889 | +23.7% |
| Non-recurring operating income | 76A | €93,005 | €9,561 | -€83,444 | -89.7% |
| Remuneration, social security and pensions | 62 | €50,994 | €48,051 | -€2,942 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,653 | €300,851 | +€9,198 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €423 | €0 | -€423 | -100% |
| Other operating charges | 640/8 | €87,500 | €42,717 | -€44,783 | -51.2% |
| Non-recurring operating charges | 66A | €23,148 | €0 | -€23,148 | -100% |
| Gross operating margin | 9900 | €503,085 | €335,200 | -€167,885 | -33.4% |
| Operating profit (loss) | 9901 | €49,367 | -€56,419 | -€105,786 | |
| Financial income | 75/76B | €30,257 | €167,720 | +€137,463 | +454% |
| Recurring financial income | 75 | €8,401 | €0 | -€8,401 | -100.0% |
| Non-recurring financial income | 76B | €21,857 | €167,720 | +€145,864 | +667% |
| Financial charges | 65/66B | €111,790 | €112,017 | +€227 | +0.2% |
| Recurring financial charges | 65 | €111,790 | €112,017 | +€227 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,166 | -€716 | +€31,450 | +97.8% |
| Transfer from deferred taxes | 780 | €3,053 | €179 | -€2,874 | -94.1% |
| Income taxes | 67/77 | €385 | €0 | -€385 | -100% |
| Profit (loss) for the period | 9904 | -€29,498 | -€537 | +€28,961 | +98.2% |
| Transfer from tax-exempt reserves | 789 | €9,158 | €537 | -€8,621 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,340 | €0 | +€20,340 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.