AB Projects: 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 Projects
Largest movements
- Intangible fixed assets +€245,753
new in 2025: €245,753
- Receivables within one year +€19,035
up €19,035 (+79.0%), from €24,096 to €43,132
of which Trade receivables: +€18,874
- Tangible fixed assets +€4,315
up €4,315 (+24.7%), from €17,499 to €21,814
- Trade debts +€175,847
up €175,847 (+20123.5%), from €874 to €176,721
- Other debts +€86,697
up €86,697 (+436.9%), from €19,842 to €106,540
- Reserves +€6,722
up €6,722 (+1126.2%), from €597 to €7,319
- Debts after one year -€5,788
down €5,788 (-38.9%), from €14,882 to €9,094
- Tax, wage and social debts +€3,335
up €3,335 (+196.6%), from €1,697 to €5,032
of which Taxes: +€1,829
- Gross operating margin +€27,353
up €27,353 (+49.4%), from €55,360 to €82,713
- Staff costs +€11,718
up €11,718 (+23.3%), from €50,222 to €61,940
- Depreciation +€4,172
up €4,172 (+56.0%), from €7,456 to €11,628
- Other operating charges -€2,495
down €2,495 (-75.9%), from €3,289 to €794
- Taxes +€933
new in 2025: €933
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 | €46,364 | €312,993 | +€266,629 | +575.1% |
| Fixed assets | 21/28 | €17,499 | €267,568 | +€250,069 | +1429.0% |
| Intangible fixed assets | 21 | - | €245,753 | +€245,753 | |
| Tangible fixed assets | 22/27 | €17,499 | €21,814 | +€4,315 | +24.7% |
| Furniture and vehicles | 24 | €17,499 | €21,814 | +€4,315 | +24.7% |
| Current assets | 29/58 | €28,865 | €45,425 | +€16,560 | +57.4% |
| Amounts receivable within one year | 40/41 | €24,096 | €43,132 | +€19,035 | +79.0% |
| Trade receivables | 40 | €22,968 | €41,842 | +€18,874 | +82.2% |
| Other amounts receivable | 41 | €1,128 | €1,290 | +€162 | +14.3% |
| Cash at bank and in hand | 54/58 | €4,769 | €2,293 | -€2,475 | -51.9% |
| Total equity and liabilities | 10/49 | €46,364 | €312,993 | +€266,629 | +575.1% |
| Equity | 10/15 | €3,097 | €9,819 | +€6,722 | +217.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €597 | €7,319 | +€6,722 | +1126.2% |
| Distributable reserves | 133 | €597 | €7,319 | +€6,722 | +1126.2% |
| Amounts payable | 17/49 | €43,267 | €303,174 | +€259,907 | +600.7% |
| Amounts payable after more than one year | 17 | €14,882 | €9,094 | -€5,788 | -38.9% |
| Financial debts | 170/4 | €14,882 | €9,094 | -€5,788 | -38.9% |
| Amounts payable within one year | 42/48 | €28,385 | €294,080 | +€265,695 | +936.0% |
| Current portion of amounts payable after more than one year | 42 | €5,973 | €5,788 | -€185 | -3.1% |
| Trade debts | 44 | €874 | €176,721 | +€175,847 | +20123.5% |
| Suppliers | 440/4 | €874 | €176,721 | +€175,847 | +20123.5% |
| Taxes, remuneration and social security | 45 | €1,697 | €5,032 | +€3,335 | +196.6% |
| Taxes | 450/3 | - | €1,829 | +€1,829 | |
| Remuneration and social security | 454/9 | €1,697 | €3,203 | +€1,506 | +88.8% |
| Other amounts payable | 47/48 | €19,842 | €106,540 | +€86,697 | +436.9% |
| Remuneration, social security and pensions | 62 | €50,222 | €61,940 | +€11,718 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,456 | €11,628 | +€4,172 | +56.0% |
| Other operating charges | 640/8 | €3,289 | €794 | -€2,495 | -75.9% |
| Gross operating margin | 9900 | €55,360 | €82,713 | +€27,353 | +49.4% |
| Operating profit (loss) | 9901 | -€5,607 | €8,351 | +€13,958 | |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €474 | €696 | +€222 | +46.9% |
| Recurring financial charges | 65 | €474 | €696 | +€222 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,028 | €7,655 | +€13,683 | |
| Income taxes | 67/77 | - | €933 | +€933 | |
| Profit (loss) for the period | 9904 | -€6,028 | €6,722 | +€12,751 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,028 | €6,722 | +€12,751 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.