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
- Cash +€21,326
up €21,326 (+430.3%), from €4,956 to €26,283
mainly Net result for the year (+€30,287) and Other debts (+€5,573)
- Receivables within one year +€6,214
up €6,214 (+420.8%), from €1,476 to €7,690
- Reserves +€30,287
up €30,287 (+548.5%), from €5,522 to €35,809
- Debts after one year -€8,045
down €8,045 (-6.1%), from €132,721 to €124,676
- Other debts +€5,573
up €5,573 (+71.1%), from €7,835 to €13,408
- Gross operating margin +€26,858
up €26,858 (+112.1%), from €23,958 to €50,816
- Taxes +€7,786
up €7,786 (+221.0%), from €3,524 to €11,310
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 | €167,361 | €195,885 | +€28,525 | +17.0% |
| Fixed assets | 21/28 | €160,000 | €160,909 | +€909 | +0.6% |
| Tangible fixed assets | 22/27 | - | €909 | +€909 | |
| Furniture and vehicles | 24 | - | €909 | +€909 | |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €7,361 | €34,977 | +€27,616 | +375.2% |
| Amounts receivable within one year | 40/41 | €1,476 | €7,690 | +€6,214 | +420.8% |
| Other amounts receivable | 41 | €1,476 | €7,690 | +€6,214 | +420.8% |
| Cash at bank and in hand | 54/58 | €4,956 | €26,283 | +€21,326 | +430.3% |
| Deferred charges and accrued income | 490/1 | €928 | €1,004 | +€76 | +8.2% |
| Total equity and liabilities | 10/49 | €167,361 | €195,885 | +€28,525 | +17.0% |
| Equity | 10/15 | €15,522 | €45,809 | +€30,287 | +195.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,522 | €35,809 | +€30,287 | +548.5% |
| Distributable reserves | 133 | €5,522 | €35,809 | +€30,287 | +548.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €151,839 | €150,076 | -€1,762 | -1.2% |
| Amounts payable after more than one year | 17 | €132,721 | €124,676 | -€8,045 | -6.1% |
| Financial debts | 170/4 | €132,721 | €124,676 | -€8,045 | -6.1% |
| Amounts payable within one year | 42/48 | €17,193 | €23,359 | +€6,167 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €7,735 | €8,045 | +€310 | +4.0% |
| Trade debts | 44 | €134 | €83 | -€51 | -38.3% |
| Suppliers | 440/4 | €134 | €83 | -€51 | -38.3% |
| Taxes, remuneration and social security | 45 | €1,488 | €1,824 | +€335 | +22.5% |
| Taxes | 450/3 | €1,488 | €1,824 | +€335 | +22.5% |
| Other amounts payable | 47/48 | €7,835 | €13,408 | +€5,573 | +71.1% |
| Accrued charges and deferred income | 492/3 | €1,925 | €2,041 | +€116 | +6.0% |
| Remuneration, social security and pensions | 62 | €1,658 | €1,658 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €148 | +€148 | |
| Other operating charges | 640/8 | €395 | €173 | -€222 | -56.3% |
| Gross operating margin | 9900 | €23,958 | €50,816 | +€26,858 | +112.1% |
| Operating profit (loss) | 9901 | €21,905 | €48,836 | +€26,932 | +122.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,029 | €7,240 | +€211 | +3.0% |
| Recurring financial charges | 65 | €7,029 | €7,240 | +€211 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €14,876 | €41,597 | +€26,721 | +179.6% |
| Income taxes | 67/77 | €3,524 | €11,310 | +€7,786 | +221.0% |
| Profit (loss) for the period | 9904 | €11,353 | €30,287 | +€18,935 | +166.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,353 | €30,287 | +€18,935 | +166.8% |
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 29 September 2026 via checked.be.