AB&C: 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.
AB&C
Largest movements
- Receivables within one year +€24,926
up €24,926 (+129%), from €19,362 to €44,288
of which Trade receivables: +€15,733
- Tangible fixed assets -€12,465
down €12,465 (-3.4%), from €363,230 to €350,765
of which Leasing and similar rights: -€14,514
- Cash +€8,142
up €8,142 (+46.9%), from €17,346 to €25,488
mainly Net result for the year (+€41,454) and Depreciation (+€20,515)
- Deferred charges and accrued income -€6,000
no longer reported in 2025 (was €6,000)
- Reserves +€41,454
up €41,454 (+53.4%), from €77,605 to €119,059
of which Distributable reserves: +€41,454
- Debts after one year -€32,996
down €32,996 (-12.1%), from €271,864 to €238,869
of which Financial debts: -€29,271
- Tax, wage and social debts +€4,630
up €4,630 (+21.5%), from €21,567 to €26,197
of which Taxes: +€6,891
- Gross operating margin +€8,549
up €8,549 (+10.3%), from €82,949 to €91,499
- Staff costs -€2,287
down €2,287 (-47.1%), from €4,856 to €2,568
- Depreciation +€1,763
up €1,763 (+9.4%), from €18,752 to €20,515
- Taxes +€1,590
up €1,590 (+10.2%), from €15,650 to €17,241
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 | €405,937 | €420,541 | +€14,604 | +3.6% |
| Fixed assets | 21/28 | €363,230 | €350,765 | -€12,465 | -3.4% |
| Tangible fixed assets | 22/27 | €363,230 | €350,765 | -€12,465 | -3.4% |
| Land and buildings | 22 | €11,007 | €10,473 | -€535 | -4.9% |
| Plant, machinery and equipment | 23 | €9,997 | €11,983 | +€1,986 | +19.9% |
| Furniture and vehicles | 24 | €4,693 | €5,292 | +€598 | +12.7% |
| Leasing and similar rights | 25 | €337,532 | €323,017 | -€14,514 | -4.3% |
| Current assets | 29/58 | €42,707 | €69,776 | +€27,069 | +63.4% |
| Amounts receivable within one year | 40/41 | €19,362 | €44,288 | +€24,926 | +129% |
| Trade receivables | 40 | €19,115 | €34,848 | +€15,733 | +82.3% |
| Other amounts receivable | 41 | €246 | €9,440 | +€9,194 | +3,733% |
| Cash at bank and in hand | 54/58 | €17,346 | €25,488 | +€8,142 | +46.9% |
| Deferred charges and accrued income | 490/1 | €6,000 | - | -€6,000 | |
| Total equity and liabilities | 10/49 | €405,937 | €420,541 | +€14,604 | +3.6% |
| Equity | 10/15 | €83,805 | €125,259 | +€41,454 | +49.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,605 | €119,059 | +€41,454 | +53.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,745 | €117,199 | +€41,454 | +54.7% |
| Amounts payable | 17/49 | €322,132 | €295,283 | -€26,850 | -8.3% |
| Amounts payable after more than one year | 17 | €271,864 | €238,869 | -€32,996 | -12.1% |
| Financial debts | 170/4 | €268,140 | €238,869 | -€29,271 | -10.9% |
| Other amounts payable | 178/9 | €3,725 | - | -€3,725 | |
| Amounts payable within one year | 42/48 | €50,268 | €56,414 | +€6,146 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €28,701 | €29,271 | +€570 | +2.0% |
| Trade debts | 44 | - | €946 | +€946 | |
| Suppliers | 440/4 | - | €946 | +€946 | |
| Taxes, remuneration and social security | 45 | €21,567 | €26,197 | +€4,630 | +21.5% |
| Taxes | 450/3 | €19,306 | €26,197 | +€6,891 | +35.7% |
| Remuneration and social security | 454/9 | €2,261 | - | -€2,261 | |
| Remuneration, social security and pensions | 62 | €4,856 | €2,568 | -€2,287 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,752 | €20,515 | +€1,763 | +9.4% |
| Other operating charges | 640/8 | €3,750 | €3,800 | +€51 | +1.4% |
| Gross operating margin | 9900 | €82,949 | €91,499 | +€8,549 | +10.3% |
| Operating profit (loss) | 9901 | €55,592 | €64,615 | +€9,023 | +16.2% |
| Financial charges | 65/66B | €6,480 | €5,920 | -€560 | -8.6% |
| Recurring financial charges | 65 | €6,480 | €5,920 | -€560 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €49,112 | €58,695 | +€9,583 | +19.5% |
| Income taxes | 67/77 | €15,650 | €17,241 | +€1,590 | +10.2% |
| Profit (loss) for the period | 9904 | €33,462 | €41,454 | +€7,993 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,462 | €41,454 | +€7,993 | +23.9% |
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 15 October 2026 via checked.be.