AB-INFRA: 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-INFRA
Largest movements
- Receivables within one year -€181,892
down €181,892 (-52.6%), from €345,905 to €164,014
of which Trade receivables: -€183,800
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€47,054
up €47,054 (+100%), from €46,988 to €94,042
mainly Receivables within one year (+€181,892) and Net result for the year (+€139,344)
- Reserves -€112,300
down €112,300 (-95.7%), from €117,300 to €5,000
of which Distributable reserves: -€110,000
- Trade debts -€92,289
down €92,289 (-61.3%), from €150,645 to €58,355
- Tax, wage and social debts -€52,902
down €52,902 (-47.3%), from €111,773 to €58,870
of which Taxes: -€46,308
- Other debts +€23,000
up €23,000 (+20.0%), from €115,000 to €138,000
- Gross operating margin -€63,290
down €63,290 (-15.0%), from €422,990 to €359,700
- Taxes -€22,922
down €22,922 (-32.1%), from €71,487 to €48,565
- Staff costs +€22,424
up €22,424 (+15.5%), from €144,754 to €167,179
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 | €521,645 | €285,797 | -€235,848 | -45.2% |
| Fixed assets | 21/28 | €25,914 | €22,513 | -€3,401 | -13.1% |
| Tangible fixed assets | 22/27 | €20,664 | €17,263 | -€3,401 | -16.5% |
| Plant, machinery and equipment | 23 | - | €1,751 | +€1,751 | |
| Furniture and vehicles | 24 | €20,664 | €15,512 | -€5,152 | -24.9% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €495,731 | €263,285 | -€232,447 | -46.9% |
| Amounts receivable within one year | 40/41 | €345,905 | €164,014 | -€181,892 | -52.6% |
| Trade receivables | 40 | €345,905 | €162,105 | -€183,800 | -53.1% |
| Other amounts receivable | 41 | - | €1,909 | +€1,909 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €46,988 | €94,042 | +€47,054 | +100% |
| Deferred charges and accrued income | 490/1 | €2,838 | €5,229 | +€2,391 | +84.3% |
| Total equity and liabilities | 10/49 | €521,645 | €285,797 | -€235,848 | -45.2% |
| Equity | 10/15 | €144,228 | €30,572 | -€113,656 | -78.8% |
| Contributions | 10/11 | €23,964 | €23,964 | = | 0.0% |
| Reserves | 13 | €117,300 | €5,000 | -€112,300 | -95.7% |
| Non-distributable reserves | 130/1 | €2,300 | - | -€2,300 | |
| Reserves not available under the articles | 1311 | €2,300 | - | -€2,300 | |
| Distributable reserves | 133 | €115,000 | €5,000 | -€110,000 | -95.7% |
| Profit (loss) carried forward | 14 | €2,965 | €1,609 | -€1,356 | -45.7% |
| Amounts payable | 17/49 | €377,417 | €255,225 | -€122,192 | -32.4% |
| Amounts payable within one year | 42/48 | €377,417 | €255,225 | -€122,192 | -32.4% |
| Trade debts | 44 | €150,645 | €58,355 | -€92,289 | -61.3% |
| Suppliers | 440/4 | €150,645 | €58,355 | -€92,289 | -61.3% |
| Taxes, remuneration and social security | 45 | €111,773 | €58,870 | -€52,902 | -47.3% |
| Taxes | 450/3 | €80,878 | €34,570 | -€46,308 | -57.3% |
| Remuneration and social security | 454/9 | €30,895 | €24,300 | -€6,595 | -21.3% |
| Other amounts payable | 47/48 | €115,000 | €138,000 | +€23,000 | +20.0% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | €144,754 | €167,179 | +€22,424 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,096 | €5,285 | +€189 | +3.7% |
| Other operating charges | 640/8 | €961 | €866 | -€94 | -9.8% |
| Gross operating margin | 9900 | €422,990 | €359,700 | -€63,290 | -15.0% |
| Operating profit (loss) | 9901 | €272,180 | €186,370 | -€85,810 | -31.5% |
| Financial income | 75/76B | - | €1,629 | +€1,629 | |
| Recurring financial income | 75 | - | €1,629 | +€1,629 | |
| Financial charges | 65/66B | €89 | €90 | +€2 | +2.1% |
| Recurring financial charges | 65 | €89 | €90 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €272,091 | €187,909 | -€84,182 | -30.9% |
| Income taxes | 67/77 | €71,487 | €48,565 | -€22,922 | -32.1% |
| Profit (loss) for the period | 9904 | €200,604 | €139,344 | -€61,260 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €200,604 | €139,344 | -€61,260 | -30.5% |
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 16 October 2026 via checked.be.