AB EDITIONS: 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 EDITIONS
Largest movements
- Cash -€75,553
down €75,553 (-34.3%), from €220,188 to €144,635
mainly Other debts (-€69,989) and Advances received (-€6,300)
- Other debts -€69,989
down €69,989 (-51.1%), from €136,947 to €66,958
- Advances received -€6,300
no longer reported in 2025 (was €6,300)
- Profit (loss) carried forward +€5,270
up €5,270 (+7.0%), from €74,928 to €80,198
- Financial income +€11,242
up €11,242 (+379.3%), from €2,964 to €14,206
- Gross operating margin -€9,532
down €9,532, from €7,932 to -€1,600
- Financial charges -€5,477
down €5,477 (-42.6%), from €12,862 to €7,385
- Taxes -€2,067
down €2,067, from €128 to -€1,939
- Depreciation +€615
up €615 (+177.0%), from €347 to €962
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 | €331,304 | €257,821 | -€73,483 | -22.2% |
| Fixed assets | 21/28 | €90,106 | €90,258 | +€153 | +0.2% |
| Tangible fixed assets | 22/27 | €1,760 | €1,913 | +€153 | +8.7% |
| Furniture and vehicles | 24 | €1,760 | €1,913 | +€153 | +8.7% |
| Financial fixed assets | 28 | €88,345 | €88,345 | = | 0.0% |
| Current assets | 29/58 | €241,199 | €167,562 | -€73,636 | -30.5% |
| Stocks and contracts in progress | 3 | €993 | €731 | -€261 | -26.3% |
| Stocks | 30/36 | €993 | €731 | -€261 | -26.3% |
| Amounts receivable within one year | 40/41 | €3,148 | €5,637 | +€2,489 | +79.1% |
| Trade receivables | 40 | €387 | - | -€387 | |
| Other amounts receivable | 41 | €2,761 | €5,637 | +€2,876 | +104.1% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €220,188 | €144,635 | -€75,553 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,869 | €1,559 | -€310 | -16.6% |
| Total equity and liabilities | 10/49 | €331,304 | €257,821 | -€73,483 | -22.2% |
| Equity | 10/15 | €181,880 | €187,150 | +€5,270 | +2.9% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €13,351 | €13,351 | = | 0.0% |
| Distributable reserves | 133 | €13,351 | €13,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,928 | €80,198 | +€5,270 | +7.0% |
| Amounts payable | 17/49 | €149,424 | €70,671 | -€78,753 | -52.7% |
| Amounts payable within one year | 42/48 | €149,424 | €70,671 | -€78,753 | -52.7% |
| Trade debts | 44 | €2,015 | €1,600 | -€415 | -20.6% |
| Suppliers | 440/4 | €2,015 | €1,600 | -€415 | -20.6% |
| Advances received on contracts in progress | 46 | €6,300 | - | -€6,300 | |
| Taxes, remuneration and social security | 45 | €4,163 | €2,113 | -€2,049 | -49.2% |
| Taxes | 450/3 | €4,163 | €2,113 | -€2,049 | -49.2% |
| Other amounts payable | 47/48 | €136,947 | €66,958 | -€69,989 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €962 | +€615 | +177.0% |
| Other operating charges | 640/8 | €784 | €928 | +€145 | +18.5% |
| Gross operating margin | 9900 | €7,932 | -€1,600 | -€9,532 | |
| Operating profit (loss) | 9901 | €6,801 | -€3,490 | -€10,292 | |
| Financial income | 75/76B | €2,964 | €14,206 | +€11,242 | +379.3% |
| Recurring financial income | 75 | €2,964 | €14,206 | +€11,242 | +379.3% |
| Financial charges | 65/66B | €12,862 | €7,385 | -€5,477 | -42.6% |
| Recurring financial charges | 65 | €12,862 | €7,385 | -€5,477 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,096 | €3,331 | +€6,427 | |
| Income taxes | 67/77 | €128 | -€1,939 | -€2,067 | |
| Profit (loss) for the period | 9904 | -€3,224 | €5,270 | +€8,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,224 | €5,270 | +€8,494 |
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.