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
- Tangible fixed assets -€45,685
down €45,685 (-8.0%), from €573,630 to €527,945
of which Land and buildings: -€45,575
- Cash -€33,494
down €33,494 (-64.6%), from €51,865 to €18,371
mainly Debts after one year (-€42,797) and Tax, wage and social debts (-€40,128)
- Receivables within one year +€6,799
up €6,799 (+69.4%), from €9,791 to €16,590
of which Other amounts receivable: +€4,699
- Debts after one year -€42,797
down €42,797 (-13.9%), from €308,788 to €265,991
- Tax, wage and social debts -€40,128
down €40,128 (-98.8%), from €40,605 to €477
- Trade debts +€11,359
up €11,359 (+961.9%), from €1,181 to €12,540
- Gross operating margin +€71,104
up €71,104 (+256.7%), from €27,704 to €98,808
- Other operating charges +€26,165
up €26,165 (+182.2%), from €14,363 to €40,528
- Financial charges -€1,220
down €1,220 (-11.6%), from €10,485 to €9,265
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 | €645,075 | €577,395 | -€67,680 | -10.5% |
| Fixed assets | 21/28 | €573,630 | €527,945 | -€45,685 | -8.0% |
| Tangible fixed assets | 22/27 | €573,630 | €527,945 | -€45,685 | -8.0% |
| Land and buildings | 22 | €573,520 | €527,945 | -€45,575 | -7.9% |
| Plant, machinery and equipment | 23 | €110 | - | -€110 | |
| Current assets | 29/58 | €71,445 | €49,450 | -€21,995 | -30.8% |
| Amounts receivable within one year | 40/41 | €9,791 | €16,590 | +€6,799 | +69.4% |
| Trade receivables | 40 | €6,000 | €8,100 | +€2,100 | +35.0% |
| Other amounts receivable | 41 | €3,791 | €8,490 | +€4,699 | +123.9% |
| Cash at bank and in hand | 54/58 | €51,865 | €18,371 | -€33,494 | -64.6% |
| Deferred charges and accrued income | 490/1 | €9,788 | €14,489 | +€4,700 | +48.0% |
| Total equity and liabilities | 10/49 | €645,075 | €577,395 | -€67,680 | -10.5% |
| Equity | 10/15 | €117,424 | €120,528 | +€3,104 | +2.6% |
| Contributions | 10/11 | €188,600 | €188,600 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,176 | -€113,072 | +€3,104 | +2.7% |
| Amounts payable | 17/49 | €527,651 | €456,867 | -€70,784 | -13.4% |
| Amounts payable after more than one year | 17 | €308,788 | €265,991 | -€42,797 | -13.9% |
| Financial debts | 170/4 | €308,788 | €265,991 | -€42,797 | -13.9% |
| Amounts payable within one year | 42/48 | €218,863 | €190,876 | -€27,987 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €42,015 | €42,797 | +€782 | +1.9% |
| Trade debts | 44 | €1,181 | €12,540 | +€11,359 | +961.9% |
| Suppliers | 440/4 | €1,181 | €12,540 | +€11,359 | +961.9% |
| Taxes, remuneration and social security | 45 | €40,605 | €477 | -€40,128 | -98.8% |
| Taxes | 450/3 | €40,605 | €477 | -€40,128 | -98.8% |
| Other amounts payable | 47/48 | €135,062 | €135,062 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,911 | €45,685 | -€226 | -0.5% |
| Other operating charges | 640/8 | €14,363 | €40,528 | +€26,165 | +182.2% |
| Gross operating margin | 9900 | €27,704 | €98,808 | +€71,104 | +256.7% |
| Operating profit (loss) | 9901 | -€32,570 | €12,595 | +€45,165 | |
| Financial income | 75/76B | €69 | €251 | +€182 | +262.2% |
| Recurring financial income | 75 | €69 | €251 | +€182 | +262.2% |
| Financial charges | 65/66B | €10,485 | €9,265 | -€1,220 | -11.6% |
| Recurring financial charges | 65 | €10,485 | €9,265 | -€1,220 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,986 | €3,581 | +€46,567 | |
| Income taxes | 67/77 | €720 | €477 | -€242 | -33.7% |
| Profit (loss) for the period | 9904 | -€43,706 | €3,104 | +€46,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,706 | €3,104 | +€46,809 |
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 11 October 2026 via checked.be.