AB-BAT: what changed
Two fiscal 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.
AB-BAT
Largest movements
- Receivables within one year -€40,863
down €40,863 (-60.6%), from €67,385 to €26,522
of which Trade receivables: -€40,873
- Tangible fixed assets -€22,021
down €22,021 (-34.5%), from €63,771 to €41,750
of which Furniture and vehicles: -€20,361
- Stocks and contracts -€15,653
down €15,653 (-52.4%), from €29,895 to €14,242
- Intangible fixed assets -€9,000
down €9,000 (-15.4%), from €58,463 to €49,463
- Profit (loss) carried forward -€83,162
down €83,162 (-194.3%), from -€42,790 to -€125,951
- Accrued charges and deferred income -€21,125
down €21,125 (-91.7%), from €23,035 to €1,910
- Trade debts +€20,917
up €20,917 (+40.2%), from €52,018 to €72,935
- Other debts +€15,120
up €15,120 (+14.1%), from €107,098 to €122,218
- Debts after one year -€9,901
down €9,901 (-38.6%), from €25,633 to €15,732
- Gross operating margin -€72,732
down €72,732 (-39.8%), from €182,719 to €109,987
- Staff costs +€21,075
up €21,075 (+16.4%), from €128,692 to €149,767
- Depreciation -€7,378
down €7,378 (-18.3%), from €40,247 to €32,869
- Other operating charges -€2,143
down €2,143 (-37.2%), from €5,754 to €3,611
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 | €253,579 | €169,097 | -€84,482 | -33.3% |
| Fixed assets | 21/28 | €122,565 | €91,544 | -€31,021 | -25.3% |
| Intangible fixed assets | 21 | €58,463 | €49,463 | -€9,000 | -15.4% |
| Tangible fixed assets | 22/27 | €63,771 | €41,750 | -€22,021 | -34.5% |
| Plant, machinery and equipment | 23 | €5,225 | €4,108 | -€1,116 | -21.4% |
| Furniture and vehicles | 24 | €58,002 | €37,641 | -€20,361 | -35.1% |
| Other tangible fixed assets | 26 | €544 | €0 | -€544 | -100.0% |
| Financial fixed assets | 28 | €331 | €331 | = | 0.0% |
| Current assets | 29/58 | €131,014 | €77,554 | -€53,461 | -40.8% |
| Stocks and contracts in progress | 3 | €29,895 | €14,242 | -€15,653 | -52.4% |
| Stocks | 30/36 | €29,895 | €14,242 | -€15,653 | -52.4% |
| Amounts receivable within one year | 40/41 | €67,385 | €26,522 | -€40,863 | -60.6% |
| Trade receivables | 40 | €66,980 | €26,107 | -€40,873 | -61.0% |
| Other amounts receivable | 41 | €405 | €415 | +€10 | +2.5% |
| Cash at bank and in hand | 54/58 | €27,632 | €29,361 | +€1,729 | +6.3% |
| Deferred charges and accrued income | 490/1 | €6,102 | €7,428 | +€1,326 | +21.7% |
| Total equity and liabilities | 10/49 | €253,579 | €169,097 | -€84,482 | -33.3% |
| Equity | 10/15 | -€38,790 | -€121,951 | -€83,162 | -214.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,790 | -€125,951 | -€83,162 | -194.3% |
| Amounts payable | 17/49 | €292,369 | €291,049 | -€1,320 | -0.5% |
| Amounts payable after more than one year | 17 | €25,633 | €15,732 | -€9,901 | -38.6% |
| Financial debts | 170/4 | €25,633 | €15,732 | -€9,901 | -38.6% |
| Amounts payable within one year | 42/48 | €243,701 | €273,406 | +€29,706 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €11,592 | €9,901 | -€1,691 | -14.6% |
| Financial debts | 43 | €49,000 | €40,000 | -€9,000 | -18.4% |
| Other loans | 439 | €49,000 | €40,000 | -€9,000 | -18.4% |
| Trade debts | 44 | €52,018 | €72,935 | +€20,917 | +40.2% |
| Suppliers | 440/4 | €52,018 | €72,935 | +€20,917 | +40.2% |
| Advances received on contracts in progress | 46 | €3,500 | €0 | -€3,500 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,493 | €28,353 | +€7,860 | +38.4% |
| Taxes | 450/3 | €14,984 | €20,190 | +€5,205 | +34.7% |
| Remuneration and social security | 454/9 | €5,509 | €8,163 | +€2,654 | +48.2% |
| Other amounts payable | 47/48 | €107,098 | €122,218 | +€15,120 | +14.1% |
| Accrued charges and deferred income | 492/3 | €23,035 | €1,910 | -€21,125 | -91.7% |
| Remuneration, social security and pensions | 62 | €128,692 | €149,767 | +€21,075 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,247 | €32,869 | -€7,378 | -18.3% |
| Other operating charges | 640/8 | €5,754 | €3,611 | -€2,143 | -37.2% |
| Non-recurring operating charges | 66A | - | €376 | +€376 | |
| Gross operating margin | 9900 | €182,719 | €109,987 | -€72,732 | -39.8% |
| Operating profit (loss) | 9901 | €8,026 | -€76,637 | -€84,662 | |
| Financial income | 75/76B | €3 | €6 | +€4 | +145.5% |
| Recurring financial income | 75 | €3 | €6 | +€4 | +145.5% |
| Financial charges | 65/66B | €5,675 | €6,375 | +€701 | +12.3% |
| Recurring financial charges | 65 | €5,675 | €6,375 | +€701 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €2,353 | -€83,006 | -€85,359 | |
| Income taxes | 67/77 | €156 | €156 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | €2,197 | -€83,162 | -€85,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,197 | -€83,162 | -€85,359 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.