AB NETWORK: 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.
What changed
AB NETWORK
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€95,011
2024 · €43,932+€51,079
Equity
-€484,764
2024 · -€573,782+€89,018
Cash
€391,491
2024 · €166,206+€225,286
Balance sheet total
€3.7m
2024 · €2.9m+€856,480
Largest movements
Assets
- Receivables within one year +€701,852
up €701,852 (+69.9%), from €1.0m to €1.7m
of which Trade receivables: +€703,422
- Cash +€225,286
up €225,286 (+135.5%), from €166,206 to €391,491
mainly Trade debts (+€443,000) and Other debts (+€163,792)
- Tangible fixed assets -€129,791
down €129,791 (-7.9%), from €1.6m to €1.5m
of which Land and buildings: -€108,616
Equity and liabilities
- Trade debts +€443,000
up €443,000 (+47.3%), from €937,011 to €1.4m
- Other debts +€163,792
up €163,792 (+7.8%), from €2.1m to €2.3m
- Tax, wage and social debts +€136,683
up €136,683 (+36.5%), from €374,648 to €511,331
of which Taxes: +€164,889
- Profit (loss) carried forward +€95,011
up €95,011 (+9.6%), from -€985,417 to -€890,406
- Accrued charges and deferred income +€50,048
up €50,048 (+1150.8%), from €4,349 to €54,397
Income statement
- Staff costs -€68,884
down €68,884 (-2.2%), from €3.1m to €3.1m
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.
Result 2024
€43,932
Gross operating margin
-€17,100
Staff costs
+€68,884
Depreciation
+€304
Other operating charges
-€33,473
Financial income
+€4,374
Financial charges
+€26,699
Taxes
+€1,392
Result 2025
€95,011
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.
From operations
+€265,877
Investment
-€34,598
Financing
-€5,993
Cash 2024
€166,206
From operations (derived)
+€265,877
Net result for the year
+€95,011
Depreciation
+€140,893
Receivables within one year
-€701,852
Deferred charges and accrued income
-€35,638
Trade debts
+€443,000
Tax, wage and social debts
+€136,683
Advances received
-€26,061
Other debts
+€163,792
Accrued charges and deferred income
+€50,048
Investment (derived)
-€34,598
Investment in fixed assets (net)
-€32,664
Current investments
-€1,934
Financing
-€5,993
Contributions, distributions and other
-€5,993
Cash 2025
€391,491
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,859,948 | €3,716,429 | +€856,480 | +29.9% |
| Fixed assets | 21/28 | €1,645,572 | €1,537,343 | -€108,229 | -6.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,639,732 | €1,509,941 | -€129,791 | -7.9% |
| Land and buildings | 22 | €1,558,500 | €1,449,884 | -€108,616 | -7.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €81,232 | €48,304 | -€32,929 | -40.5% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | - | €11,753 | +€11,753 | |
| Financial fixed assets | 28 | €5,840 | €27,403 | +€21,563 | +369.2% |
| Current assets | 29/58 | €1,214,376 | €2,179,085 | +€964,709 | +79.4% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,003,758 | €1,705,609 | +€701,852 | +69.9% |
| Trade receivables | 40 | €1,002,187 | €1,705,609 | +€703,422 | +70.2% |
| Other amounts receivable | 41 | €1,571 | €0 | -€1,571 | -100.0% |
| Current investments | 50/53 | €1,477 | €3,411 | +€1,934 | +131.0% |
| Cash at bank and in hand | 54/58 | €166,206 | €391,491 | +€225,286 | +135.5% |
| Deferred charges and accrued income | 490/1 | €42,936 | €78,574 | +€35,638 | +83.0% |
| Total equity and liabilities | 10/49 | €2,859,948 | €3,716,429 | +€856,480 | +29.9% |
| Equity | 10/15 | -€573,782 | -€484,764 | +€89,018 | +15.5% |
| Contributions | 10/11 | €234,368 | €234,368 | = | 0.0% |
| Capital | 10 | €234,368 | €234,368 | = | 0.0% |
| Issued capital | 100 | €234,368 | €234,368 | = | 0.0% |
| Reserves | 13 | €95,153 | €95,153 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,437 | €15,437 | = | 0.0% |
| Legal reserve | 130 | €15,437 | €15,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €77,237 | €77,237 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€985,417 | -€890,406 | +€95,011 | +9.6% |
| Investment grants | 15 | €82,114 | €76,121 | -€5,993 | -7.3% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,433,731 | €4,201,193 | +€767,462 | +22.4% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €3,429,381 | €4,146,796 | +€717,414 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €937,011 | €1,380,010 | +€443,000 | +47.3% |
| Suppliers | 440/4 | €937,011 | €1,380,010 | +€443,000 | +47.3% |
| Advances received on contracts in progress | 46 | €30,979 | €4,918 | -€26,061 | -84.1% |
| Taxes, remuneration and social security | 45 | €374,648 | €511,331 | +€136,683 | +36.5% |
| Taxes | 450/3 | €64,993 | €229,883 | +€164,889 | +253.7% |
| Remuneration and social security | 454/9 | €309,655 | €281,448 | -€28,206 | -9.1% |
| Other amounts payable | 47/48 | €2,086,744 | €2,250,536 | +€163,792 | +7.8% |
| Accrued charges and deferred income | 492/3 | €4,349 | €54,397 | +€50,048 | +1150.8% |
| Remuneration, social security and pensions | 62 | €3,129,099 | €3,060,216 | -€68,884 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,197 | €140,893 | -€304 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €2,300 | €35,773 | +€33,473 | +1455.3% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €3,494,847 | €3,477,746 | -€17,100 | -0.5% |
| Operating profit (loss) | 9901 | €222,251 | €240,864 | +€18,614 | +8.4% |
| Financial income | 75/76B | €1,659 | €6,033 | +€4,374 | +263.6% |
| Recurring financial income | 75 | €1,659 | €6,033 | +€4,374 | +263.6% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €168,547 | €141,847 | -€26,699 | -15.8% |
| Recurring financial charges | 65 | €168,547 | €141,847 | -€26,699 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €55,363 | €105,050 | +€49,687 | +89.7% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Income taxes | 67/77 | €11,432 | €10,039 | -€1,392 | -12.2% |
| Profit (loss) for the period | 9904 | €43,932 | €95,011 | +€51,079 | +116.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,932 | €95,011 | +€51,079 | +116.3% |
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 2 October 2026 via checked.be.