AB ELEC: 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 ELEC
Largest movements
- Receivables within one year +€43,008
up €43,008 (+43.4%), from €99,054 to €142,062
of which Trade receivables: +€25,058
- Tangible fixed assets +€40,635
up €40,635 (+17.7%), from €229,206 to €269,841
of which Furniture and vehicles: +€56,955
- Cash +€7,427
up €7,427 (+56.8%), from €13,072 to €20,499
mainly Net result for the year (+€53,906) and Depreciation (+€45,015)
- Trade debts +€38,753
up €38,753 (+125%), from €31,027 to €69,780
- Reserves +€29,319
up €29,319 (+21.0%), from €139,460 to €168,779
- Profit (loss) carried forward +€24,587
no longer reported in 2025 (was -€24,587)
- Other debts -€15,779
down €15,779 (-85.9%), from €18,361 to €2,581
- Debts after one year +€14,621
up €14,621 (+10.8%), from €135,390 to €150,010
- Gross operating margin +€117,945
up €117,945 (+62.4%), from €189,112 to €307,057
- Provisions +€45,088
no longer reported in 2025 (was -€45,088)
- Financial charges -€43,944
down €43,944 (-87.0%), from €50,533 to €6,589
- Taxes +€15,380
up €15,380 (+6,991%), from €220 to €15,600
- Depreciation +€8,424
up €8,424 (+23.0%), from €36,590 to €45,015
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 | €344,382 | €436,653 | +€92,271 | +26.8% |
| Fixed assets | 21/28 | €231,168 | €271,505 | +€40,337 | +17.4% |
| Intangible fixed assets | 21 | €1,487 | €1,189 | -€298 | -20.0% |
| Tangible fixed assets | 22/27 | €229,206 | €269,841 | +€40,635 | +17.7% |
| Land and buildings | 22 | €160,434 | €150,905 | -€9,529 | -5.9% |
| Plant, machinery and equipment | 23 | €31,860 | €26,107 | -€5,753 | -18.1% |
| Furniture and vehicles | 24 | €35,620 | €92,575 | +€56,955 | +160% |
| Other tangible fixed assets | 26 | €1,293 | €254 | -€1,038 | -80.3% |
| Financial fixed assets | 28 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €113,214 | €165,148 | +€51,934 | +45.9% |
| Amounts receivable within one year | 40/41 | €99,054 | €142,062 | +€43,008 | +43.4% |
| Trade receivables | 40 | €83,979 | €109,037 | +€25,058 | +29.8% |
| Other amounts receivable | 41 | €15,074 | €33,024 | +€17,950 | +119% |
| Cash at bank and in hand | 54/58 | €13,072 | €20,499 | +€7,427 | +56.8% |
| Deferred charges and accrued income | 490/1 | €1,089 | €2,588 | +€1,499 | +138% |
| Total equity and liabilities | 10/49 | €344,382 | €436,653 | +€92,271 | +26.8% |
| Equity | 10/15 | €121,073 | €174,979 | +€53,906 | +44.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,460 | €168,779 | +€29,319 | +21.0% |
| Distributable reserves | 133 | €139,460 | €168,779 | +€29,319 | +21.0% |
| Profit (loss) carried forward | 14 | -€24,587 | - | +€24,587 | |
| Amounts payable | 17/49 | €223,309 | €261,674 | +€38,365 | +17.2% |
| Amounts payable after more than one year | 17 | €135,390 | €150,010 | +€14,621 | +10.8% |
| Financial debts | 170/4 | €135,390 | €150,010 | +€14,621 | +10.8% |
| Amounts payable within one year | 42/48 | €87,920 | €111,664 | +€23,744 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €17,841 | €16,125 | -€1,716 | -9.6% |
| Trade debts | 44 | €31,027 | €69,780 | +€38,753 | +125% |
| Suppliers | 440/4 | €31,027 | €69,780 | +€38,753 | +125% |
| Taxes, remuneration and social security | 45 | €20,691 | €23,178 | +€2,487 | +12.0% |
| Taxes | 450/3 | €80 | €9,827 | +€9,747 | +12,177% |
| Remuneration and social security | 454/9 | €20,611 | €13,351 | -€7,260 | -35.2% |
| Other amounts payable | 47/48 | €18,361 | €2,581 | -€15,779 | -85.9% |
| Remuneration, social security and pensions | 62 | €176,778 | €178,470 | +€1,691 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,590 | €45,015 | +€8,424 | +23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,900 | +€2,900 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€45,088 | - | +€45,088 | |
| Other operating charges | 640/8 | €3,638 | €4,661 | +€1,023 | +28.1% |
| Gross operating margin | 9900 | €189,112 | €307,057 | +€117,945 | +62.4% |
| Operating profit (loss) | 9901 | €17,194 | €76,012 | +€58,817 | +342% |
| Financial income | 75/76B | €92 | €84 | -€8 | -8.7% |
| Recurring financial income | 75 | €92 | €84 | -€8 | -8.7% |
| Financial charges | 65/66B | €50,533 | €6,589 | -€43,944 | -87.0% |
| Recurring financial charges | 65 | €50,533 | €6,589 | -€43,944 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,247 | €69,506 | +€102,753 | |
| Income taxes | 67/77 | €220 | €15,600 | +€15,380 | +6,991% |
| Profit (loss) for the period | 9904 | -€33,467 | €53,906 | +€87,373 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,467 | €53,906 | +€87,373 |
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.