AB-GEST: 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-GEST
Largest movements
- Receivables after one year +€34,765
new in 2025: €34,765
- Cash -€24,895
down €24,895 (-23.5%), from €106,080 to €81,185
mainly Other debts (-€66,265) and Receivables after one year (-€34,765)
- Deferred charges and accrued income +€15,000
new in 2025: €15,000
- Receivables within one year +€8,484
up €8,484 (+11.1%), from €76,630 to €85,115
of which Trade receivables: +€10,000
- Tangible fixed assets -€8,028
down €8,028 (-8.0%), from €100,168 to €92,140
of which Furniture and vehicles: -€14,548
- Other debts -€66,265
down €66,265 (-100%), from €66,265 to €0
- Debts after one year +€47,593
up €47,593 (+101%), from €47,121 to €94,714
- Reserves +€16,000
up €16,000 (+4.9%), from €326,700 to €342,700
- Current portion of long-term debt +€15,429
up €15,429 (+72.2%), from €21,377 to €36,806
- Financial income +€25,377
up €25,377 (+5,715%), from €444 to €25,821
- Gross operating margin -€15,507
down €15,507 (-16.8%), from €92,308 to €76,801
- Financial charges -€12,905
down €12,905 (-21.2%), from €60,910 to €48,005
- Depreciation +€4,141
up €4,141 (+13.2%), from €31,435 to €35,576
- Taxes +€1,629
up €1,629 (+644%), from €253 to €1,881
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 | €599,140 | €624,467 | +€25,327 | +4.2% |
| Fixed assets | 21/28 | €416,429 | €408,401 | -€8,028 | -1.9% |
| Tangible fixed assets | 22/27 | €100,168 | €92,140 | -€8,028 | -8.0% |
| Furniture and vehicles | 24 | €100,168 | €85,620 | -€14,548 | -14.5% |
| Other tangible fixed assets | 26 | - | €6,520 | +€6,520 | |
| Financial fixed assets | 28 | €316,261 | €316,261 | = | 0.0% |
| Current assets | 29/58 | €182,711 | €216,065 | +€33,355 | +18.3% |
| Amounts receivable after more than one year | 29 | - | €34,765 | +€34,765 | |
| Other amounts receivable | 291 | - | €34,765 | +€34,765 | |
| Amounts receivable within one year | 40/41 | €76,630 | €85,115 | +€8,484 | +11.1% |
| Trade receivables | 40 | €31,750 | €41,750 | +€10,000 | +31.5% |
| Other amounts receivable | 41 | €44,880 | €43,365 | -€1,516 | -3.4% |
| Cash at bank and in hand | 54/58 | €106,080 | €81,185 | -€24,895 | -23.5% |
| Deferred charges and accrued income | 490/1 | - | €15,000 | +€15,000 | |
| Total equity and liabilities | 10/49 | €599,140 | €624,467 | +€25,327 | +4.2% |
| Equity | 10/15 | €460,420 | €476,523 | +€16,103 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €326,700 | €342,700 | +€16,000 | +4.9% |
| Distributable reserves | 133 | €326,700 | €342,700 | +€16,000 | +4.9% |
| Profit (loss) carried forward | 14 | €115,120 | €115,223 | +€103 | +0.1% |
| Amounts payable | 17/49 | €138,720 | €147,944 | +€9,223 | +6.6% |
| Amounts payable after more than one year | 17 | €47,121 | €94,714 | +€47,593 | +101% |
| Financial debts | 170/4 | €47,121 | €94,714 | +€47,593 | +101% |
| Amounts payable within one year | 42/48 | €91,600 | €53,230 | -€38,370 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €21,377 | €36,806 | +€15,429 | +72.2% |
| Financial debts | 43 | €635 | €3,179 | +€2,544 | +401% |
| Credit institutions | 430/8 | €635 | €3,179 | +€2,544 | +401% |
| Trade debts | 44 | €23 | €5,745 | +€5,722 | +24,675% |
| Suppliers | 440/4 | €23 | €5,745 | +€5,722 | +24,675% |
| Taxes, remuneration and social security | 45 | €3,300 | €7,500 | +€4,200 | +127% |
| Taxes | 450/3 | €3,300 | €7,500 | +€4,200 | +127% |
| Other amounts payable | 47/48 | €66,265 | €0 | -€66,265 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,435 | €35,576 | +€4,141 | +13.2% |
| Other operating charges | 640/8 | €1,144 | €1,057 | -€88 | -7.7% |
| Gross operating margin | 9900 | €92,308 | €76,801 | -€15,507 | -16.8% |
| Operating profit (loss) | 9901 | €59,728 | €40,168 | -€19,560 | -32.7% |
| Financial income | 75/76B | €444 | €25,821 | +€25,377 | +5,715% |
| Recurring financial income | 75 | €444 | €25,821 | +€25,377 | +5,715% |
| Financial charges | 65/66B | €60,910 | €48,005 | -€12,905 | -21.2% |
| Recurring financial charges | 65 | €60,910 | €48,005 | -€12,905 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€737 | €17,984 | +€18,722 | |
| Income taxes | 67/77 | €253 | €1,881 | +€1,629 | +644% |
| Profit (loss) for the period | 9904 | -€990 | €16,103 | +€17,093 | |
| Profit (loss) for the period to be appropriated | 9905 | -€990 | €16,103 | +€17,093 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.