AB-Connect: 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-Connect
Largest movements
- Receivables within one year +€23,795
up €23,795 (+62.8%), from €37,869 to €61,664
of which Trade receivables: +€13,711
- Cash -€14,338
down €14,338 (-67.7%), from €21,181 to €6,843
mainly Receivables within one year (-€23,795) and Tax, wage and social debts (-€3,304)
- Tangible fixed assets -€4,907
down €4,907 (-44.7%), from €10,976 to €6,069
of which Furniture and vehicles: -€4,567
- Reserves +€7,500
new in 2025: €7,500
- Tax, wage and social debts -€3,304
down €3,304 (-23.9%), from €13,845 to €10,541
- Gross operating margin -€21,731
down €21,731 (-51.4%), from €42,284 to €20,553
- Taxes -€3,865
down €3,865 (-53.7%), from €7,203 to €3,338
- Depreciation +€844
up €844 (+13.3%), from €6,363 to €7,207
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 | €70,450 | €74,789 | +€4,340 | +6.2% |
| Fixed assets | 21/28 | €10,976 | €6,069 | -€4,907 | -44.7% |
| Tangible fixed assets | 22/27 | €10,976 | €6,069 | -€4,907 | -44.7% |
| Plant, machinery and equipment | 23 | €4,033 | €3,692 | -€340 | -8.4% |
| Furniture and vehicles | 24 | €6,944 | €2,377 | -€4,567 | -65.8% |
| Current assets | 29/58 | €59,473 | €68,720 | +€9,247 | +15.5% |
| Amounts receivable within one year | 40/41 | €37,869 | €61,664 | +€23,795 | +62.8% |
| Trade receivables | 40 | €23,868 | €37,579 | +€13,711 | +57.4% |
| Other amounts receivable | 41 | €14,001 | €24,085 | +€10,084 | +72.0% |
| Cash at bank and in hand | 54/58 | €21,181 | €6,843 | -€14,338 | -67.7% |
| Deferred charges and accrued income | 490/1 | €423 | €213 | -€210 | -49.7% |
| Total equity and liabilities | 10/49 | €70,450 | €74,789 | +€4,340 | +6.2% |
| Equity | 10/15 | €55,782 | €63,358 | +€7,576 | +13.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €7,500 | +€7,500 | |
| Distributable reserves | 133 | - | €7,500 | +€7,500 | |
| Profit (loss) carried forward | 14 | €51,782 | €51,858 | +€76 | +0.1% |
| Amounts payable | 17/49 | €14,668 | €11,431 | -€3,237 | -22.1% |
| Amounts payable within one year | 42/48 | €14,668 | €11,431 | -€3,237 | -22.1% |
| Trade debts | 44 | €823 | €890 | +€68 | +8.2% |
| Suppliers | 440/4 | €823 | €890 | +€68 | +8.2% |
| Taxes, remuneration and social security | 45 | €13,845 | €10,541 | -€3,304 | -23.9% |
| Taxes | 450/3 | €13,845 | €10,541 | -€3,304 | -23.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,760 | €1,760 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,363 | €7,207 | +€844 | +13.3% |
| Other operating charges | 640/8 | €139 | €333 | +€194 | +139.3% |
| Gross operating margin | 9900 | €42,284 | €20,553 | -€21,731 | -51.4% |
| Operating profit (loss) | 9901 | €34,023 | €11,253 | -€22,770 | -66.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | +5920.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +5920.0% |
| Financial charges | 65/66B | €105 | €342 | +€237 | +225.2% |
| Recurring financial charges | 65 | €105 | €342 | +€237 | +225.2% |
| Profit (loss) for the period before taxes | 9903 | €33,918 | €10,914 | -€23,003 | -67.8% |
| Income taxes | 67/77 | €7,203 | €3,338 | -€3,865 | -53.7% |
| Profit (loss) for the period | 9904 | €26,715 | €7,576 | -€19,138 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,715 | €7,576 | -€19,138 | -71.6% |
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.