AB/S & I: 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/S & I
Largest movements
- Receivables within one year +€156,400
up €156,400 (+40.6%), from €385,357 to €541,757
of which Other amounts receivable: +€235,300
- Cash -€60,633
down €60,633 (-32.7%), from €185,600 to €124,968
mainly Receivables within one year (-€156,400) and Deferred charges and accrued income (-€14,079)
- Other debts +€99,051
up €99,051 (+13,274%), from €746 to €99,797
- Gross operating margin -€74,205
down €74,205 (-88.5%), from €83,846 to €9,642
- Taxes -€26,432
down €26,432 (-81.3%), from €32,504 to €6,072
- Financial income -€1,739
down €1,739 (-11.0%), from €15,818 to €14,079
- Financial charges -€1,355
down €1,355 (-34.1%), from €3,979 to €2,624
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 | €2,275,981 | €2,384,390 | +€108,409 | +4.8% |
| Fixed assets | 21/28 | €1,157,199 | €1,155,762 | -€1,438 | -0.1% |
| Tangible fixed assets | 22/27 | €4,741 | €2,304 | -€2,438 | -51.4% |
| Furniture and vehicles | 24 | €4,741 | €2,304 | -€2,438 | -51.4% |
| Financial fixed assets | 28 | €1,152,458 | €1,153,458 | +€1,000 | +0.1% |
| Current assets | 29/58 | €1,118,782 | €1,228,628 | +€109,846 | +9.8% |
| Amounts receivable after more than one year | 29 | €497,000 | €497,000 | = | 0.0% |
| Other amounts receivable | 291 | €497,000 | €497,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €20,200 | €20,200 | = | 0.0% |
| Stocks | 30/36 | €20,200 | €20,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €385,357 | €541,757 | +€156,400 | +40.6% |
| Trade receivables | 40 | €160,800 | €81,900 | -€78,900 | -49.1% |
| Other amounts receivable | 41 | €224,557 | €459,857 | +€235,300 | +105% |
| Cash at bank and in hand | 54/58 | €185,600 | €124,968 | -€60,633 | -32.7% |
| Deferred charges and accrued income | 490/1 | €30,625 | €44,704 | +€14,079 | +46.0% |
| Total equity and liabilities | 10/49 | €2,275,981 | €2,384,390 | +€108,409 | +4.8% |
| Equity | 10/15 | €2,226,312 | €2,238,404 | +€12,091 | +0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,213,912 | €2,226,004 | +€12,091 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,212,052 | €2,224,144 | +€12,091 | +0.5% |
| Amounts payable | 17/49 | €49,669 | €145,986 | +€96,318 | +194% |
| Amounts payable within one year | 42/48 | €49,669 | €145,986 | +€96,318 | +194% |
| Trade debts | 44 | €3,088 | €5,133 | +€2,044 | +66.2% |
| Suppliers | 440/4 | €3,088 | €5,133 | +€2,044 | +66.2% |
| Taxes, remuneration and social security | 45 | €45,834 | €41,056 | -€4,778 | -10.4% |
| Taxes | 450/3 | €45,834 | €41,056 | -€4,778 | -10.4% |
| Other amounts payable | 47/48 | €746 | €99,797 | +€99,051 | +13,274% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,438 | €2,438 | = | 0.0% |
| Other operating charges | 640/8 | €59 | €496 | +€437 | +741% |
| Gross operating margin | 9900 | €83,846 | €9,642 | -€74,205 | -88.5% |
| Operating profit (loss) | 9901 | €81,350 | €6,708 | -€74,642 | -91.8% |
| Financial income | 75/76B | €15,818 | €14,079 | -€1,739 | -11.0% |
| Recurring financial income | 75 | €15,818 | €14,079 | -€1,739 | -11.0% |
| Financial charges | 65/66B | €3,979 | €2,624 | -€1,355 | -34.1% |
| Recurring financial charges | 65 | €3,979 | €2,624 | -€1,355 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €93,189 | €18,163 | -€75,026 | -80.5% |
| Income taxes | 67/77 | €32,504 | €6,072 | -€26,432 | -81.3% |
| Profit (loss) for the period | 9904 | €60,685 | €12,091 | -€48,594 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,685 | €12,091 | -€48,594 | -80.1% |
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 14 October 2026 via checked.be.