AB-projects: what changed
Two financial 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-projects
Largest movements
- Cash -€10,008
down €10,008 (-96.9%), from €10,329 to €321
mainly Investment in fixed assets (net) (-€10,408) and Tax, wage and social debts (-€7,282)
- Tangible fixed assets +€8,341
up €8,341 (+148%), from €5,636 to €13,977
of which Furniture and vehicles: +€8,367
- Receivables within one year -€4,917
down €4,917 (-30.0%), from €16,364 to €11,447
of which Trade receivables: -€8,826
- Tax, wage and social debts -€7,282
down €7,282 (-66.3%), from €10,990 to €3,708
of which Taxes: -€4,508
- Trade debts -€6,619
down €6,619 (-78.1%), from €8,472 to €1,853
- Reserves +€5,452
up €5,452 (+90.7%), from €6,008 to €11,460
- Other debts +€1,960
up €1,960 (+44.5%), from €4,400 to €6,360
- Gross operating margin +€15,310
up €15,310 (+410%), from €3,737 to €19,047
- Taxes +€2,868
up €2,868 (+325%), from €884 to €3,752
- Depreciation +€1,108
up €1,108 (+116%), from €959 to €2,067
- Other operating charges +€789
up €789 (+112%), from €707 to €1,496
- Financial charges -€366
down €366 (-57.4%), from €638 to €272
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.
Derived cash bridge
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 | €33,181 | €26,381 | -€6,800 | -20.5% |
| Fixed assets | 21/28 | €5,636 | €13,977 | +€8,341 | +148% |
| Tangible fixed assets | 22/27 | €5,636 | €13,977 | +€8,341 | +148% |
| Plant, machinery and equipment | 23 | €848 | €1,188 | +€340 | +40.1% |
| Furniture and vehicles | 24 | €2,413 | €10,780 | +€8,367 | +347% |
| Other tangible fixed assets | 26 | €2,376 | €2,010 | -€366 | -15.4% |
| Current assets | 29/58 | €27,545 | €12,404 | -€15,141 | -55.0% |
| Amounts receivable within one year | 40/41 | €16,364 | €11,447 | -€4,917 | -30.0% |
| Trade receivables | 40 | €16,243 | €7,417 | -€8,826 | -54.3% |
| Other amounts receivable | 41 | €121 | €4,030 | +€3,909 | +3,240% |
| Cash at bank and in hand | 54/58 | €10,329 | €321 | -€10,008 | -96.9% |
| Deferred charges and accrued income | 490/1 | €852 | €636 | -€216 | -25.3% |
| Total equity and liabilities | 10/49 | €33,181 | €26,381 | -€6,800 | -20.5% |
| Equity | 10/15 | €9,008 | €14,460 | +€5,452 | +60.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,008 | €11,460 | +€5,452 | +90.7% |
| Distributable reserves | 133 | €6,008 | €11,460 | +€5,452 | +90.7% |
| Amounts payable | 17/49 | €24,173 | €11,921 | -€12,252 | -50.7% |
| Amounts payable within one year | 42/48 | €23,862 | €11,921 | -€11,941 | -50.0% |
| Trade debts | 44 | €8,472 | €1,853 | -€6,619 | -78.1% |
| Suppliers | 440/4 | €8,472 | €1,853 | -€6,619 | -78.1% |
| Taxes, remuneration and social security | 45 | €10,990 | €3,708 | -€7,282 | -66.3% |
| Taxes | 450/3 | €8,216 | €3,708 | -€4,508 | -54.9% |
| Remuneration and social security | 454/9 | €2,774 | - | -€2,774 | |
| Other amounts payable | 47/48 | €4,400 | €6,360 | +€1,960 | +44.5% |
| Accrued charges and deferred income | 492/3 | €310 | - | -€310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €959 | €2,067 | +€1,108 | +116% |
| Other operating charges | 640/8 | €707 | €1,496 | +€789 | +112% |
| Gross operating margin | 9900 | €3,737 | €19,047 | +€15,310 | +410% |
| Operating profit (loss) | 9901 | €2,071 | €15,484 | +€13,413 | +648% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €638 | €272 | -€366 | -57.4% |
| Recurring financial charges | 65 | €638 | €272 | -€366 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €1,433 | €15,212 | +€13,779 | +962% |
| Income taxes | 67/77 | €884 | €3,752 | +€2,868 | +325% |
| Profit (loss) for the period | 9904 | €549 | €11,460 | +€10,911 | +1,988% |
| Profit (loss) for the period to be appropriated | 9905 | €549 | €11,460 | +€10,911 | +1,988% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.