ABL CONNECT: 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.
ABL CONNECT
Largest movements
- Receivables within one year +€56,940
up €56,940 (+103.1%), from €55,220 to €112,160
of which Trade receivables: +€57,838
- Cash +€15,238
up €15,238 (+93.7%), from €16,268 to €31,506
mainly Trade debts (+€48,411) and Net result for the year (+€30,120)
- Tangible fixed assets +€10,310
up €10,310 (+420.8%), from €2,450 to €12,760
of which Furniture and vehicles: +€9,147
- Deferred charges and accrued income -€6,326
down €6,326 (-100.0%), from €6,326 to €0
- Trade debts +€48,411
up €48,411 (+476.3%), from €10,164 to €58,575
- Reserves +€38,386
up €38,386 (+153.5%), from €25,000 to €63,386
- Other debts -€10,461
down €10,461 (-62.0%), from €16,864 to €6,403
- Profit (loss) carried forward -€8,266
down €8,266 (-100.0%), from €8,266 to €0
- Tax, wage and social debts +€8,094
up €8,094 (+54.1%), from €14,968 to €23,062
of which Taxes: +€5,546
- Gross operating margin +€39,520
up €39,520 (+87.0%), from €45,420 to €84,940
- Staff costs +€30,457
up €30,457 (+382.7%), from €7,959 to €38,416
- Depreciation +€6,036
up €6,036 (+574.9%), from €1,050 to €7,086
- Taxes -€2,124
down €2,124 (-22.1%), from €9,609 to €7,485
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,263 | €156,426 | +€76,163 | +94.9% |
| Fixed assets | 21/28 | €2,450 | €12,760 | +€10,310 | +420.8% |
| Tangible fixed assets | 22/27 | €2,450 | €12,760 | +€10,310 | +420.8% |
| Plant, machinery and equipment | 23 | €2,450 | €3,613 | +€1,163 | +47.5% |
| Furniture and vehicles | 24 | - | €9,147 | +€9,147 | |
| Current assets | 29/58 | €77,813 | €143,666 | +€65,853 | +84.6% |
| Amounts receivable within one year | 40/41 | €55,220 | €112,160 | +€56,940 | +103.1% |
| Trade receivables | 40 | €39,386 | €97,224 | +€57,838 | +146.9% |
| Other amounts receivable | 41 | €15,834 | €14,936 | -€898 | -5.7% |
| Cash at bank and in hand | 54/58 | €16,268 | €31,506 | +€15,238 | +93.7% |
| Deferred charges and accrued income | 490/1 | €6,326 | €0 | -€6,326 | -100.0% |
| Total equity and liabilities | 10/49 | €80,263 | €156,426 | +€76,163 | +94.9% |
| Equity | 10/15 | €38,266 | €68,386 | +€30,120 | +78.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €63,386 | +€38,386 | +153.5% |
| Distributable reserves | 133 | €25,000 | €63,386 | +€38,386 | +153.5% |
| Profit (loss) carried forward | 14 | €8,266 | €0 | -€8,266 | -100.0% |
| Amounts payable | 17/49 | €41,997 | €88,040 | +€46,043 | +109.6% |
| Amounts payable within one year | 42/48 | €41,997 | €88,040 | +€46,043 | +109.6% |
| Trade debts | 44 | €10,164 | €58,575 | +€48,411 | +476.3% |
| Suppliers | 440/4 | €10,164 | €58,575 | +€48,411 | +476.3% |
| Taxes, remuneration and social security | 45 | €14,968 | €23,062 | +€8,094 | +54.1% |
| Taxes | 450/3 | €11,411 | €16,958 | +€5,546 | +48.6% |
| Remuneration and social security | 454/9 | €3,557 | €6,104 | +€2,547 | +71.6% |
| Other amounts payable | 47/48 | €16,864 | €6,403 | -€10,461 | -62.0% |
| Remuneration, social security and pensions | 62 | €7,959 | €38,416 | +€30,457 | +382.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €7,086 | +€6,036 | +574.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €483 | €1,179 | +€696 | +144.2% |
| Gross operating margin | 9900 | €45,420 | €84,940 | +€39,520 | +87.0% |
| Operating profit (loss) | 9901 | €35,928 | €38,260 | +€2,331 | +6.5% |
| Financial income | 75/76B | €10 | €180 | +€171 | +1786.1% |
| Recurring financial income | 75 | €10 | €180 | +€171 | +1786.1% |
| Financial charges | 65/66B | €647 | €835 | +€189 | +29.2% |
| Recurring financial charges | 65 | €647 | €835 | +€189 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €35,292 | €37,605 | +€2,313 | +6.6% |
| Income taxes | 67/77 | €9,609 | €7,485 | -€2,124 | -22.1% |
| Profit (loss) for the period | 9904 | €25,683 | €30,120 | +€4,437 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,683 | €30,120 | +€4,437 | +17.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.