AB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€74,774
down €74,774 (-34.8%), from €214,961 to €140,187
of which Other amounts receivable: -€86,875
- Trade debts -€105,642
down €105,642 (-98.7%), from €107,064 to €1,423
- Other debts +€37,499
up €37,499 (+96.8%), from €38,741 to €76,240
- Debts after one year -€19,898
down €19,898 (-31.0%), from €64,101 to €44,204
- Tax, wage and social debts +€8,921
up €8,921 (+61.9%), from €14,402 to €23,323
- Gross operating margin -€33,019
down €33,019 (-72.3%), from €45,698 to €12,678
- Taxes -€6,041
down €6,041 (-69.1%), from €8,745 to €2,703
- Financial income -€924
down €924 (-24.8%), from €3,724 to €2,800
- Financial charges +€841
up €841 (+10.2%), from €8,277 to €9,117
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 | €336,388 | €263,357 | -€73,031 | -21.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €336,388 | €263,357 | -€73,031 | -21.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €102,571 | +€2,571 | +2.6% |
| Other amounts receivable | 291 | €100,000 | €102,571 | +€2,571 | +2.6% |
| Amounts receivable within one year | 40/41 | €214,961 | €140,187 | -€74,774 | -34.8% |
| Trade receivables | 40 | €39 | €12,140 | +€12,101 | +30988.1% |
| Other amounts receivable | 41 | €214,922 | €128,047 | -€86,875 | -40.4% |
| Cash at bank and in hand | 54/58 | €18,103 | €16,706 | -€1,398 | -7.7% |
| Deferred charges and accrued income | 490/1 | €3,323 | €3,894 | +€571 | +17.2% |
| Total equity and liabilities | 10/49 | €336,388 | €263,357 | -€73,031 | -21.7% |
| Equity | 10/15 | €91,100 | €94,125 | +€3,025 | +3.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €89,100 | €92,125 | +€3,025 | +3.4% |
| Distributable reserves | 133 | €89,100 | €92,125 | +€3,025 | +3.4% |
| Amounts payable | 17/49 | €245,287 | €169,232 | -€76,056 | -31.0% |
| Amounts payable after more than one year | 17 | €64,101 | €44,204 | -€19,898 | -31.0% |
| Financial debts | 170/4 | €64,101 | €44,204 | -€19,898 | -31.0% |
| Amounts payable within one year | 42/48 | €179,296 | €120,884 | -€58,412 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €19,088 | €19,898 | +€810 | +4.2% |
| Trade debts | 44 | €107,064 | €1,423 | -€105,642 | -98.7% |
| Suppliers | 440/4 | €107,064 | €1,423 | -€105,642 | -98.7% |
| Taxes, remuneration and social security | 45 | €14,402 | €23,323 | +€8,921 | +61.9% |
| Taxes | 450/3 | €14,402 | €23,323 | +€8,921 | +61.9% |
| Other amounts payable | 47/48 | €38,741 | €76,240 | +€37,499 | +96.8% |
| Accrued charges and deferred income | 492/3 | €1,890 | €4,144 | +€2,254 | +119.3% |
| Other operating charges | 640/8 | €421 | €633 | +€211 | +50.1% |
| Gross operating margin | 9900 | €45,698 | €12,678 | -€33,019 | -72.3% |
| Operating profit (loss) | 9901 | €45,276 | €12,046 | -€33,231 | -73.4% |
| Financial income | 75/76B | €3,724 | €2,800 | -€924 | -24.8% |
| Recurring financial income | 75 | €3,724 | €2,800 | -€924 | -24.8% |
| Financial charges | 65/66B | €8,277 | €9,117 | +€841 | +10.2% |
| Recurring financial charges | 65 | €8,277 | €9,117 | +€841 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €40,724 | €5,728 | -€34,995 | -85.9% |
| Income taxes | 67/77 | €8,745 | €2,703 | -€6,041 | -69.1% |
| Profit (loss) for the period | 9904 | €31,979 | €3,025 | -€28,954 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,979 | €3,025 | -€28,954 | -90.5% |
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 6 October 2026 via checked.be.