AB LOC: 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 LOC
Largest movements
- Tangible fixed assets -€26,165
down €26,165 (-31.7%), from €82,666 to €56,501
of which Furniture and vehicles: -€25,833
- Cash -€10,358
down €10,358 (-51.3%), from €20,191 to €9,832
mainly Trade debts (-€48,961) and Debts after one year (-€11,172)
- Stocks and contracts -€5,487
down €5,487 (-3.3%), from €167,349 to €161,862
- Trade debts -€48,961
down €48,961 (-71.8%), from €68,198 to €19,237
- Other debts +€15,976
up €15,976 (+87.0%), from €18,367 to €34,343
- Profit (loss) carried forward +€15,202
up €15,202 (+554814.6%), from €3 to €15,205
- Debts after one year -€11,172
down €11,172 (-20.8%), from €53,599 to €42,427
- Tax, wage and social debts -€6,734
down €6,734 (-17.8%), from €37,753 to €31,019
of which Remuneration and social security: -€3,916
- Gross operating margin -€37,430
down €37,430 (-18.8%), from €199,266 to €161,836
- Staff costs +€15,482
up €15,482 (+15.6%), from €99,265 to €114,748
- Taxes -€12,223
down €12,223 (-63.6%), from €19,214 to €6,991
- Depreciation -€5,164
down €5,164 (-16.5%), from €31,328 to €26,165
- Write-downs -€2,843
down €2,843, from €925 to -€1,917
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 | €279,513 | €233,808 | -€45,705 | -16.4% |
| Fixed assets | 21/28 | €82,666 | €56,501 | -€26,165 | -31.7% |
| Tangible fixed assets | 22/27 | €82,666 | €56,501 | -€26,165 | -31.7% |
| Furniture and vehicles | 24 | €80,927 | €55,093 | -€25,833 | -31.9% |
| Other tangible fixed assets | 26 | €1,740 | €1,408 | -€331 | -19.0% |
| Current assets | 29/58 | €196,847 | €177,306 | -€19,540 | -9.9% |
| Stocks and contracts in progress | 3 | €167,349 | €161,862 | -€5,487 | -3.3% |
| Stocks | 30/36 | €167,349 | €161,862 | -€5,487 | -3.3% |
| Amounts receivable within one year | 40/41 | €4,686 | €2,791 | -€1,895 | -40.4% |
| Trade receivables | 40 | €4,686 | - | -€4,686 | |
| Other amounts receivable | 41 | - | €2,791 | +€2,791 | |
| Cash at bank and in hand | 54/58 | €20,191 | €9,832 | -€10,358 | -51.3% |
| Deferred charges and accrued income | 490/1 | €4,621 | €2,821 | -€1,801 | -39.0% |
| Total equity and liabilities | 10/49 | €279,513 | €233,808 | -€45,705 | -16.4% |
| Equity | 10/15 | €74,996 | €84,038 | +€9,043 | +12.1% |
| Contributions | 10/11 | €3,294 | €3,294 | = | 0.0% |
| Capital | 10 | - | €3,294 | +€3,294 | |
| Issued capital | 100 | - | €3,294 | +€3,294 | |
| Reserves | 13 | €71,699 | €65,540 | -€6,159 | -8.6% |
| Distributable reserves | 133 | €71,699 | €65,540 | -€6,159 | -8.6% |
| Profit (loss) carried forward | 14 | €3 | €15,205 | +€15,202 | +554814.6% |
| Amounts payable | 17/49 | €204,517 | €149,769 | -€54,748 | -26.8% |
| Amounts payable after more than one year | 17 | €53,599 | €42,427 | -€11,172 | -20.8% |
| Financial debts | 170/4 | €53,599 | €42,427 | -€11,172 | -20.8% |
| Amounts payable within one year | 42/48 | €150,918 | €107,342 | -€43,576 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €26,600 | €22,743 | -€3,857 | -14.5% |
| Trade debts | 44 | €68,198 | €19,237 | -€48,961 | -71.8% |
| Suppliers | 440/4 | €68,198 | €19,237 | -€48,961 | -71.8% |
| Taxes, remuneration and social security | 45 | €37,753 | €31,019 | -€6,734 | -17.8% |
| Taxes | 450/3 | €18,340 | €15,523 | -€2,818 | -15.4% |
| Remuneration and social security | 454/9 | €19,413 | €15,497 | -€3,916 | -20.2% |
| Other amounts payable | 47/48 | €18,367 | €34,343 | +€15,976 | +87.0% |
| Non-recurring operating income | 76A | €248 | €4,959 | +€4,711 | +1900.0% |
| Remuneration, social security and pensions | 62 | €99,265 | €114,748 | +€15,482 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,328 | €26,165 | -€5,164 | -16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €925 | -€1,917 | -€2,843 | |
| Other operating charges | 640/8 | €6,133 | €3,725 | -€2,408 | -39.3% |
| Non-recurring operating charges | 66A | €934 | - | -€934 | |
| Gross operating margin | 9900 | €199,266 | €161,836 | -€37,430 | -18.8% |
| Operating profit (loss) | 9901 | €60,680 | €19,116 | -€41,564 | -68.5% |
| Financial income | 75/76B | €568 | €486 | -€82 | -14.5% |
| Recurring financial income | 75 | €568 | €486 | -€82 | -14.5% |
| Financial charges | 65/66B | €1,843 | €1,903 | +€60 | +3.2% |
| Recurring financial charges | 65 | €1,843 | €1,903 | +€60 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €59,406 | €17,699 | -€41,706 | -70.2% |
| Income taxes | 67/77 | €19,214 | €6,991 | -€12,223 | -63.6% |
| Profit (loss) for the period | 9904 | €40,192 | €10,709 | -€29,483 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,192 | €10,709 | -€29,483 | -73.4% |
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 12 October 2026 via checked.be.