AB OPERATIONS: 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 OPERATIONS
Largest movements
- Tangible fixed assets +€294,763
up €294,763 (+1109.3%), from €26,571 to €321,334
of which Land and buildings: +€267,183
- Cash -€63,708
down €63,708 (-38.0%), from €167,805 to €104,098
mainly Net result for the year (-€483,585) and Investment in fixed assets (net) (-€339,932)
- Receivables within one year +€38,482
up €38,482 (+68.5%), from €56,184 to €94,666
of which Trade receivables: +€38,510
- Intangible fixed assets +€34,084
new in 2024: €34,084
- Deferred charges and accrued income -€6,294
down €6,294 (-24.2%), from €26,045 to €19,751
- Profit (loss) carried forward -€483,585
down €483,585 (-57.1%), from -€847,319 to -€1.3m
- Trade debts +€218,799
up €218,799 (+122.2%), from €179,036 to €397,835
- Debts after one year +€215,833
up €215,833 (+2354.5%), from €9,167 to €225,000
- Advances received +€197,428
up €197,428 (+107.0%), from €184,544 to €381,972
- Tax, wage and social debts +€95,766
up €95,766 (+38.3%), from €249,783 to €345,548
of which Remuneration and social security: +€55,931
- Staff costs +€282,900
up €282,900 (+28.5%), from €994,180 to €1.3m
- Gross operating margin +€68,942
up €68,942 (+8.1%), from €850,980 to €919,922
- Other operating charges +€52,903
up €52,903 (+231.8%), from €22,826 to €75,728
- Financial charges +€22,499
up €22,499 (+99.3%), from €22,667 to €45,166
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,362 | €608,627 | +€301,265 | +98.0% |
| Fixed assets | 21/28 | €26,571 | €355,418 | +€328,847 | +1237.6% |
| Intangible fixed assets | 21 | - | €34,084 | +€34,084 | |
| Tangible fixed assets | 22/27 | €26,571 | €321,334 | +€294,763 | +1109.3% |
| Land and buildings | 22 | €18,442 | €285,625 | +€267,183 | +1448.8% |
| Plant, machinery and equipment | 23 | €8,129 | €35,709 | +€27,580 | +339.3% |
| Current assets | 29/58 | €280,791 | €253,209 | -€27,582 | -9.8% |
| Stocks and contracts in progress | 3 | €30,757 | €34,695 | +€3,938 | +12.8% |
| Stocks | 30/36 | €30,757 | €34,695 | +€3,938 | +12.8% |
| Amounts receivable within one year | 40/41 | €56,184 | €94,666 | +€38,482 | +68.5% |
| Trade receivables | 40 | €55,207 | €93,717 | +€38,510 | +69.8% |
| Other amounts receivable | 41 | €977 | €949 | -€28 | -2.9% |
| Cash at bank and in hand | 54/58 | €167,805 | €104,098 | -€63,708 | -38.0% |
| Deferred charges and accrued income | 490/1 | €26,045 | €19,751 | -€6,294 | -24.2% |
| Total equity and liabilities | 10/49 | €307,362 | €608,627 | +€301,265 | +98.0% |
| Equity | 10/15 | -€827,319 | -€1,310,904 | -€483,585 | -58.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€847,319 | -€1,330,904 | -€483,585 | -57.1% |
| Amounts payable | 17/49 | €1,134,681 | €1,919,531 | +€784,850 | +69.2% |
| Amounts payable after more than one year | 17 | €9,167 | €225,000 | +€215,833 | +2354.5% |
| Financial debts | 170/4 | €9,167 | €225,000 | +€215,833 | +2354.5% |
| Amounts payable within one year | 42/48 | €1,125,515 | €1,694,531 | +€569,017 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €12,070 | €10,697 | -€1,373 | -11.4% |
| Trade debts | 44 | €179,036 | €397,835 | +€218,799 | +122.2% |
| Suppliers | 440/4 | €179,036 | €397,835 | +€218,799 | +122.2% |
| Advances received on contracts in progress | 46 | €184,544 | €381,972 | +€197,428 | +107.0% |
| Taxes, remuneration and social security | 45 | €249,783 | €345,548 | +€95,766 | +38.3% |
| Taxes | 450/3 | €24,945 | €64,779 | +€39,835 | +159.7% |
| Remuneration and social security | 454/9 | €224,838 | €280,769 | +€55,931 | +24.9% |
| Other amounts payable | 47/48 | €500,082 | €558,478 | +€58,397 | +11.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €275,255 | €0 | -€275,255 | -100.0% |
| Remuneration, social security and pensions | 62 | €994,180 | €1,277,080 | +€282,900 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,784 | €11,085 | +€7,300 | +192.9% |
| Other operating charges | 640/8 | €22,826 | €75,728 | +€52,903 | +231.8% |
| Gross operating margin | 9900 | €850,980 | €919,922 | +€68,942 | +8.1% |
| Operating profit (loss) | 9901 | -€169,809 | -€443,971 | -€274,162 | -161.5% |
| Financial income | 75/76B | €2,089 | €5,552 | +€3,463 | +165.7% |
| Recurring financial income | 75 | €2,089 | €5,552 | +€3,463 | +165.7% |
| Financial charges | 65/66B | €22,667 | €45,166 | +€22,499 | +99.3% |
| Recurring financial charges | 65 | €22,667 | €45,166 | +€22,499 | +99.3% |
| Profit (loss) for the period before taxes | 9903 | -€190,387 | -€483,585 | -€293,198 | -154.0% |
| Profit (loss) for the period | 9904 | -€190,387 | -€483,585 | -€293,198 | -154.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€190,387 | -€483,585 | -€293,198 | -154.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.