AB-negativ: what changed
AB-negativ
Largest movements
- Cash -€172,521
down €172,521 (-87.4%), from €197,410 to €24,889
mainly Contributions, distributions and other (-€319,735) and Receivables within one year (-€8,711)
- Reserves -€271,701
down €271,701 (-47.6%), from €571,395 to €299,694
of which Distributable reserves: -€271,701
- Other debts +€105,918
up €105,918 (+91.5%), from €115,772 to €221,689
- Gross operating margin -€33,466
down €33,466 (-29.8%), from €112,261 to €78,794
- Taxes -€11,997
down €11,997 (-38.5%), from €31,197 to €19,200
- Financial charges +€4,717
up €4,717 (+62.3%), from €7,578 to €12,295
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,390,251 | €1,226,516 | -€163,735 | -11.8% |
| Fixed assets | 21/28 | €1,099,120 | €1,099,120 | = | 0.0% |
| Financial fixed assets | 28 | €1,099,120 | €1,099,120 | = | 0.0% |
| Current assets | 29/58 | €291,131 | €127,396 | -€163,735 | -56.2% |
| Amounts receivable within one year | 40/41 | €92,794 | €101,505 | +€8,711 | +9.4% |
| Other amounts receivable | 41 | €92,794 | €101,505 | +€8,711 | +9.4% |
| Cash at bank and in hand | 54/58 | €197,410 | €24,889 | -€172,521 | -87.4% |
| Deferred charges and accrued income | 490/1 | €927 | €1,002 | +€75 | +8.1% |
| Total equity and liabilities | 10/49 | €1,390,251 | €1,226,516 | -€163,735 | -11.8% |
| Equity | 10/15 | €1,266,226 | €994,525 | -€271,701 | -21.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €571,395 | €299,694 | -€271,701 | -47.6% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €571,295 | €299,594 | -€271,701 | -47.6% |
| Profit (loss) carried forward | 14 | €693,831 | €693,831 | = | 0.0% |
| Amounts payable | 17/49 | €124,025 | €231,991 | +€107,966 | +87.1% |
| Amounts payable within one year | 42/48 | €123,025 | €230,991 | +€107,966 | +87.8% |
| Trade debts | 44 | €1,206 | €1,116 | -€91 | -7.5% |
| Suppliers | 440/4 | €1,206 | €1,116 | -€91 | -7.5% |
| Taxes, remuneration and social security | 45 | €6,047 | €8,186 | +€2,139 | +35.4% |
| Taxes | 450/3 | €6,047 | €8,186 | +€2,139 | +35.4% |
| Other amounts payable | 47/48 | €115,772 | €221,689 | +€105,918 | +91.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116% |
| Gross operating margin | 9900 | €112,261 | €78,794 | -€33,466 | -29.8% |
| Operating profit (loss) | 9901 | €111,733 | €77,652 | -€34,081 | -30.5% |
| Financial income | 75/76B | €1,840 | €1,877 | +€37 | +2.0% |
| Recurring financial income | 75 | €1,840 | €1,877 | +€37 | +2.0% |
| Financial charges | 65/66B | €7,578 | €12,295 | +€4,717 | +62.3% |
| Recurring financial charges | 65 | €7,578 | €12,295 | +€4,717 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €105,995 | €67,234 | -€38,762 | -36.6% |
| Income taxes | 67/77 | €31,197 | €19,200 | -€11,997 | -38.5% |
| Profit (loss) for the period | 9904 | €74,798 | €48,034 | -€26,764 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,798 | €48,034 | -€26,764 | -35.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.