AB LOC: what changed
Two fiscal 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 +€1.0m
up €1.0m (+83.4%), from €1.2m to €2.2m
of which Furniture and vehicles: +€918,184
- Receivables within one year +€157,228
up €157,228 (+76.5%), from €205,603 to €362,831
of which Trade receivables: +€185,513
- Cash +€27,348
up €27,348 (+197.3%), from €13,862 to €41,210
mainly Debts after one year (+€696,753) and Depreciation (+€556,980)
- Debts after one year +€696,753
up €696,753 (+90.2%), from €772,790 to €1.5m
- Current portion of long-term debt +€346,856
up €346,856 (+202.0%), from €171,747 to €518,603
- Other debts +€76,544
up €76,544 (+29.6%), from €258,451 to €334,995
- Profit (loss) carried forward +€50,658
up €50,658 (+45.1%), from €112,434 to €163,092
- Turnover -€670,266
no longer reported in 2025 (was €670,266)
- Gross operating margin +€353,409
up €353,409 (+84.6%), from €417,876 to €771,285
- Depreciation +€331,678
up €331,678 (+147.2%), from €225,302 to €556,980
- Purchases and services -€302,926
no longer reported in 2025 (was €302,926)
- Other operating charges +€42,165
up €42,165 (+218.4%), from €19,305 to €61,470
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 | €1,450,216 | €2,648,614 | +€1.2m | +82.6% |
| Fixed assets | 21/28 | €1,214,950 | €2,220,891 | +€1.0m | +82.8% |
| Intangible fixed assets | 21 | €11,252 | €13,625 | +€2,373 | +21.1% |
| Tangible fixed assets | 22/27 | €1,203,698 | €2,207,266 | +€1.0m | +83.4% |
| Land and buildings | 22 | - | €85,384 | +€85,384 | |
| Furniture and vehicles | 24 | €1,203,698 | €2,121,882 | +€918,184 | +76.3% |
| Current assets | 29/58 | €235,266 | €427,723 | +€192,457 | +81.8% |
| Amounts receivable within one year | 40/41 | €205,603 | €362,831 | +€157,228 | +76.5% |
| Trade receivables | 40 | €147,628 | €333,141 | +€185,513 | +125.7% |
| Other amounts receivable | 41 | €57,975 | €29,690 | -€28,285 | -48.8% |
| Cash at bank and in hand | 54/58 | €13,862 | €41,210 | +€27,348 | +197.3% |
| Deferred charges and accrued income | 490/1 | €15,800 | €23,682 | +€7,882 | +49.9% |
| Total equity and liabilities | 10/49 | €1,450,216 | €2,648,614 | +€1.2m | +82.6% |
| Equity | 10/15 | €132,434 | €183,092 | +€50,658 | +38.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,434 | €163,092 | +€50,658 | +45.1% |
| Amounts payable | 17/49 | €1,317,782 | €2,465,522 | +€1.1m | +87.1% |
| Amounts payable after more than one year | 17 | €772,790 | €1,469,543 | +€696,753 | +90.2% |
| Financial debts | 170/4 | €772,790 | €1,469,543 | +€696,753 | +90.2% |
| Amounts payable within one year | 42/48 | €544,992 | €994,925 | +€449,933 | +82.6% |
| Current portion of amounts payable after more than one year | 42 | €171,747 | €518,603 | +€346,856 | +202.0% |
| Trade debts | 44 | €87,118 | €101,203 | +€14,085 | +16.2% |
| Suppliers | 440/4 | €87,118 | €101,203 | +€14,085 | +16.2% |
| Taxes, remuneration and social security | 45 | €27,677 | €40,124 | +€12,447 | +45.0% |
| Taxes | 450/3 | €27,677 | €39,055 | +€11,378 | +41.1% |
| Remuneration and social security | 454/9 | - | €1,069 | +€1,069 | |
| Other amounts payable | 47/48 | €258,451 | €334,995 | +€76,544 | +29.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,054 | +€1,054 | |
| Turnover | 70 | €670,266 | - | -€670,266 | |
| Goods, raw materials, services and sundry goods | 60/61 | €302,926 | - | -€302,926 | |
| Remuneration, social security and pensions | 62 | - | €14,596 | +€14,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,302 | €556,980 | +€331,678 | +147.2% |
| Other operating charges | 640/8 | €19,305 | €61,470 | +€42,165 | +218.4% |
| Gross operating margin | 9900 | €417,876 | €771,285 | +€353,409 | +84.6% |
| Operating profit (loss) | 9901 | €173,269 | €138,239 | -€35,030 | -20.2% |
| Financial income | 75/76B | €303 | €7 | -€296 | -97.7% |
| Recurring financial income | 75 | €303 | €7 | -€296 | -97.7% |
| Financial charges | 65/66B | €35,189 | €69,753 | +€34,565 | +98.2% |
| Recurring financial charges | 65 | €35,189 | €69,753 | +€34,565 | +98.2% |
| Profit (loss) for the period before taxes | 9903 | €138,383 | €68,493 | -€69,890 | -50.5% |
| Income taxes | 67/77 | €27,677 | €15,327 | -€12,350 | -44.6% |
| Profit (loss) for the period | 9904 | €110,707 | €53,166 | -€57,541 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €110,707 | €53,166 | -€57,541 | -52.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.