AB CONVERSION: 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 CONVERSION
Largest movements
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Receivables within one year +€83,841
up €83,841 (+220.1%), from €38,092 to €121,933
of which Other amounts receivable: +€95,621
- Cash +€28,774
up €28,774 (+146.4%), from €19,655 to €48,429
mainly Current investments (+€90,000) and Net result for the year (+€32,807)
- Tangible fixed assets -€8,961
down €8,961 (-43.5%), from €20,615 to €11,654
of which Furniture and vehicles: -€7,078
- Profit (loss) carried forward -€26,671
down €26,671 (-18.7%), from €142,267 to €115,596
- Reserves +€25,000
up €25,000 (+370.9%), from €6,740 to €31,740
of which Distributable reserves: +€25,000
- Tax, wage and social debts +€7,710
up €7,710 (+109.1%), from €7,070 to €14,780
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€32,850
up €32,850 (+168.6%), from €19,487 to €52,337
- Taxes +€9,074
up €9,074 (+237.2%), from €3,825 to €12,899
- Financial income +€2,847
new in 2025: €2,847
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 | €170,126 | €183,468 | +€13,342 | +7.8% |
| Fixed assets | 21/28 | €20,615 | €11,654 | -€8,961 | -43.5% |
| Tangible fixed assets | 22/27 | €20,615 | €11,654 | -€8,961 | -43.5% |
| Land and buildings | 22 | €9,398 | €7,515 | -€1,883 | -20.0% |
| Furniture and vehicles | 24 | €11,217 | €4,139 | -€7,078 | -63.1% |
| Current assets | 29/58 | €149,511 | €171,814 | +€22,303 | +14.9% |
| Amounts receivable within one year | 40/41 | €38,092 | €121,933 | +€83,841 | +220.1% |
| Trade receivables | 40 | €37,713 | €25,933 | -€11,780 | -31.2% |
| Other amounts receivable | 41 | €379 | €96,000 | +€95,621 | +25229.8% |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €19,655 | €48,429 | +€28,774 | +146.4% |
| Deferred charges and accrued income | 490/1 | €1,764 | €1,452 | -€312 | -17.7% |
| Total equity and liabilities | 10/49 | €170,126 | €183,468 | +€13,342 | +7.8% |
| Equity | 10/15 | €161,407 | €165,936 | +€4,529 | +2.8% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €6,740 | €31,740 | +€25,000 | +370.9% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €5,500 | €30,500 | +€25,000 | +454.5% |
| Profit (loss) carried forward | 14 | €142,267 | €115,596 | -€26,671 | -18.7% |
| Amounts payable | 17/49 | €8,719 | €17,532 | +€8,813 | +101.1% |
| Amounts payable within one year | 42/48 | €8,719 | €17,532 | +€8,813 | +101.1% |
| Trade debts | 44 | €1,386 | €2,752 | +€1,366 | +98.6% |
| Suppliers | 440/4 | €1,386 | €2,752 | +€1,366 | +98.6% |
| Taxes, remuneration and social security | 45 | €7,070 | €14,780 | +€7,710 | +109.1% |
| Taxes | 450/3 | €7,070 | €14,780 | +€7,710 | +109.1% |
| Other amounts payable | 47/48 | €263 | - | -€263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,961 | €8,961 | = | 0.0% |
| Other operating charges | 640/8 | €780 | €465 | -€315 | -40.4% |
| Gross operating margin | 9900 | €19,487 | €52,337 | +€32,850 | +168.6% |
| Operating profit (loss) | 9901 | €9,746 | €42,911 | +€33,165 | +340.3% |
| Financial income | 75/76B | - | €2,847 | +€2,847 | |
| Recurring financial income | 75 | - | €2,847 | +€2,847 | |
| Financial charges | 65/66B | €382 | €52 | -€330 | -86.4% |
| Recurring financial charges | 65 | €382 | €52 | -€330 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | €9,364 | €45,706 | +€36,342 | +388.1% |
| Income taxes | 67/77 | €3,825 | €12,899 | +€9,074 | +237.2% |
| Profit (loss) for the period | 9904 | €5,539 | €32,807 | +€27,268 | +492.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,539 | €32,807 | +€27,268 | +492.3% |
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 5 October 2026 via checked.be.