AB Works: 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 Works
Largest movements
- Receivables within one year -€15,538
down €15,538 (-48.0%), from €32,389 to €16,850
of which Other amounts receivable: -€11,878
- Cash -€10,700
down €10,700 (-49.7%), from €21,545 to €10,845
mainly Net result for the year (-€20,866) and Tax, wage and social debts (-€5,667)
- Tangible fixed assets -€1,862
down €1,862 (-69.7%), from €2,672 to €810
of which Furniture and vehicles: -€1,190
- Deferred charges and accrued income -€676
down €676 (-31.5%), from €2,146 to €1,470
- Reserves -€20,866
down €20,866 (-53.7%), from €38,867 to €18,000
- Tax, wage and social debts -€5,667
down €5,667 (-92.2%), from €6,147 to €480
of which Remuneration and social security: -€3,020
- Other debts -€3,526
down €3,526 (-35.3%), from €10,000 to €6,474
- Trade debts +€1,522
up €1,522 (+122%), from €1,249 to €2,772
- Gross operating margin -€30,271
down €30,271, from €12,923 to -€17,349
- Staff costs -€24,406
down €24,406 (-97.4%), from €25,066 to €660
- Other operating charges -€226
down €226 (-21.4%), from €1,059 to €833
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 | €58,753 | €29,975 | -€28,778 | -49.0% |
| Fixed assets | 21/28 | €2,672 | €810 | -€1,862 | -69.7% |
| Tangible fixed assets | 22/27 | €2,672 | €810 | -€1,862 | -69.7% |
| Plant, machinery and equipment | 23 | €1,196 | €523 | -€672 | -56.2% |
| Furniture and vehicles | 24 | €1,477 | €287 | -€1,190 | -80.6% |
| Current assets | 29/58 | €56,080 | €29,165 | -€26,915 | -48.0% |
| Amounts receivable within one year | 40/41 | €32,389 | €16,850 | -€15,538 | -48.0% |
| Trade receivables | 40 | €19,037 | €15,377 | -€3,660 | -19.2% |
| Other amounts receivable | 41 | €13,352 | €1,474 | -€11,878 | -89.0% |
| Cash at bank and in hand | 54/58 | €21,545 | €10,845 | -€10,700 | -49.7% |
| Deferred charges and accrued income | 490/1 | €2,146 | €1,470 | -€676 | -31.5% |
| Total equity and liabilities | 10/49 | €58,753 | €29,975 | -€28,778 | -49.0% |
| Equity | 10/15 | €41,117 | €20,250 | -€20,866 | -50.7% |
| Contributions | 10/11 | €2,250 | €2,250 | = | 0.0% |
| Reserves | 13 | €38,867 | €18,000 | -€20,866 | -53.7% |
| Distributable reserves | 133 | €38,867 | €18,000 | -€20,866 | -53.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,636 | €9,725 | -€7,911 | -44.9% |
| Amounts payable within one year | 42/48 | €17,396 | €9,725 | -€7,671 | -44.1% |
| Trade debts | 44 | €1,249 | €2,772 | +€1,522 | +122% |
| Suppliers | 440/4 | €1,249 | €2,772 | +€1,522 | +122% |
| Taxes, remuneration and social security | 45 | €6,147 | €480 | -€5,667 | -92.2% |
| Taxes | 450/3 | €2,647 | €0 | -€2,647 | -100% |
| Remuneration and social security | 454/9 | €3,500 | €480 | -€3,020 | -86.3% |
| Other amounts payable | 47/48 | €10,000 | €6,474 | -€3,526 | -35.3% |
| Accrued charges and deferred income | 492/3 | €240 | €0 | -€240 | -100% |
| Remuneration, social security and pensions | 62 | €25,066 | €660 | -€24,406 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,969 | €1,862 | -€106 | -5.4% |
| Other operating charges | 640/8 | €1,059 | €833 | -€226 | -21.4% |
| Non-recurring operating charges | 66A | €181 | €0 | -€181 | -100% |
| Gross operating margin | 9900 | €12,923 | -€17,349 | -€30,271 | |
| Operating profit (loss) | 9901 | -€15,352 | -€20,704 | -€5,352 | -34.9% |
| Financial charges | 65/66B | €153 | €162 | +€9 | +5.7% |
| Recurring financial charges | 65 | €153 | €162 | +€9 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,505 | -€20,866 | -€5,361 | -34.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€15,505 | -€20,866 | -€5,361 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,505 | -€20,866 | -€5,361 | -34.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.