AB-INVEST: 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-INVEST
Largest movements
- Receivables within one year -€19,798
down €19,798 (-42.2%), from €46,967 to €27,170
of which Trade receivables: -€18,241
- Tangible fixed assets +€12,321
up €12,321 (+347%), from €3,548 to €15,868
- Reserves -€5,284
down €5,284 (-5.2%), from €101,055 to €95,771
- Depreciation +€6,108
up €6,108 (+135%), from €4,525 to €10,633
- Gross operating margin -€5,819
down €5,819 (-42.1%), from €13,811 to €7,993
- Other operating charges -€4,579
down €4,579 (-69.6%), from €6,578 to €1,999
- Financial charges -€566
down €566 (-57.4%), from €986 to €419
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 | €358,722 | €350,404 | -€8,318 | -2.3% |
| Fixed assets | 21/28 | €3,548 | €15,868 | +€12,321 | +347% |
| Tangible fixed assets | 22/27 | €3,548 | €15,868 | +€12,321 | +347% |
| Furniture and vehicles | 24 | €3,548 | €15,868 | +€12,321 | +347% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €355,175 | €334,536 | -€20,639 | -5.8% |
| Stocks and contracts in progress | 3 | €303,617 | €303,617 | = | 0.0% |
| Contracts in progress | 37 | €303,617 | €303,617 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,967 | €27,170 | -€19,798 | -42.2% |
| Trade receivables | 40 | €42,472 | €24,231 | -€18,241 | -42.9% |
| Other amounts receivable | 41 | €4,495 | €2,939 | -€1,556 | -34.6% |
| Cash at bank and in hand | 54/58 | €2,206 | €2,678 | +€472 | +21.4% |
| Deferred charges and accrued income | 490/1 | €2,384 | €1,071 | -€1,313 | -55.1% |
| Total equity and liabilities | 10/49 | €358,722 | €350,404 | -€8,318 | -2.3% |
| Equity | 10/15 | €119,655 | €114,371 | -€5,284 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,055 | €95,771 | -€5,284 | -5.2% |
| Distributable reserves | 133 | €101,055 | €95,771 | -€5,284 | -5.2% |
| Amounts payable | 17/49 | €239,067 | €236,033 | -€3,034 | -1.3% |
| Amounts payable within one year | 42/48 | €239,067 | €236,033 | -€3,034 | -1.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,654 | €2,085 | -€1,568 | -42.9% |
| Taxes | 450/3 | €3,654 | €2,085 | -€1,568 | -42.9% |
| Other amounts payable | 47/48 | €235,413 | €233,948 | -€1,465 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,525 | €10,633 | +€6,108 | +135% |
| Other operating charges | 640/8 | €6,578 | €1,999 | -€4,579 | -69.6% |
| Gross operating margin | 9900 | €13,811 | €7,993 | -€5,819 | -42.1% |
| Operating profit (loss) | 9901 | €2,709 | -€4,639 | -€7,347 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €986 | €419 | -€566 | -57.4% |
| Recurring financial charges | 65 | €986 | €419 | -€566 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €1,723 | -€5,058 | -€6,781 | |
| Income taxes | 67/77 | €250 | €227 | -€23 | -9.3% |
| Profit (loss) for the period | 9904 | €1,474 | -€5,284 | -€6,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,474 | -€5,284 | -€6,758 |
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 29 October 2026 via checked.be.