ABZAV: 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.
ABZAV
Largest movements
- Receivables within one year +€406,976
up €406,976 (+3655.5%), from €11,133 to €418,110
of which Other amounts receivable: +€377,900
- Cash -€84,926
down €84,926 (-46.4%), from €183,213 to €98,287
- Receivables after one year -€50,000
no longer reported in 2024 (was €50,000)
- Tangible fixed assets +€24,362
up €24,362 (+145.6%), from €16,731 to €41,093
of which Leasing and similar rights: +€31,454
- Stocks and contracts -€23,093
down €23,093 (-9.3%), from €247,422 to €224,329
- Profit (loss) carried forward +€305,266
up €305,266 (+147.5%), from €206,917 to €512,183
- Trade debts -€32,960
down €32,960 (-23.6%), from €139,611 to €106,652
- Other debts -€21,609
down €21,609 (-93.1%), from €23,209 to €1,600
- Debts after one year +€19,480
new in 2024: €19,480
- Gross operating margin -€71,699
down €71,699 (-28.5%), from €251,233 to €179,534
- Staff costs +€53,002
up €53,002 (+182.6%), from €29,022 to €82,024
- Taxes -€26,393
down €26,393 (-53.3%), from €49,563 to €23,170
- Financial income +€21,187
new in 2024: €21,187
- Depreciation +€11,174
up €11,174 (+338.3%), from €3,303 to €14,477
From the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €510,399 | €787,622 | +€277,223 | +54.3% |
| Fixed assets | 21/28 | €16,731 | €41,093 | +€24,362 | +145.6% |
| Tangible fixed assets | 22/27 | €16,731 | €41,093 | +€24,362 | +145.6% |
| Plant, machinery and equipment | 23 | €6,405 | €3,280 | -€3,125 | -48.8% |
| Furniture and vehicles | 24 | €5,087 | €488 | -€4,598 | -90.4% |
| Leasing and similar rights | 25 | - | €31,454 | +€31,454 | |
| Other tangible fixed assets | 26 | €5,240 | €5,871 | +€632 | +12.1% |
| Current assets | 29/58 | €493,668 | €746,529 | +€252,861 | +51.2% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Stocks and contracts in progress | 3 | €247,422 | €224,329 | -€23,093 | -9.3% |
| Stocks | 30/36 | €247,422 | €224,329 | -€23,093 | -9.3% |
| Amounts receivable within one year | 40/41 | €11,133 | €418,110 | +€406,976 | +3655.5% |
| Trade receivables | 40 | €11,133 | €40,209 | +€29,076 | +261.2% |
| Other amounts receivable | 41 | - | €377,900 | +€377,900 | |
| Cash at bank and in hand | 54/58 | €183,213 | €98,287 | -€84,926 | -46.4% |
| Deferred charges and accrued income | 490/1 | €1,899 | €5,803 | +€3,904 | +205.6% |
| Total equity and liabilities | 10/49 | €510,399 | €787,622 | +€277,223 | +54.3% |
| Equity | 10/15 | €226,917 | €532,183 | +€305,266 | +134.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,917 | €512,183 | +€305,266 | +147.5% |
| Amounts payable | 17/49 | €283,482 | €255,439 | -€28,043 | -9.9% |
| Amounts payable after more than one year | 17 | - | €19,480 | +€19,480 | |
| Financial debts | 170/4 | - | €19,480 | +€19,480 | |
| Amounts payable within one year | 42/48 | €281,949 | €235,958 | -€45,990 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,431 | +€7,431 | |
| Trade debts | 44 | €139,611 | €106,652 | -€32,960 | -23.6% |
| Suppliers | 440/4 | €139,611 | €106,652 | -€32,960 | -23.6% |
| Taxes, remuneration and social security | 45 | €119,129 | €120,276 | +€1,147 | +1.0% |
| Taxes | 450/3 | €114,834 | €102,864 | -€11,970 | -10.4% |
| Remuneration and social security | 454/9 | €4,295 | €17,412 | +€13,117 | +305.4% |
| Other amounts payable | 47/48 | €23,209 | €1,600 | -€21,609 | -93.1% |
| Accrued charges and deferred income | 492/3 | €1,533 | - | -€1,533 | |
| Remuneration, social security and pensions | 62 | €29,022 | €82,024 | +€53,002 | +182.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,303 | €14,477 | +€11,174 | +338.3% |
| Other operating charges | 640/8 | - | €935 | +€935 | |
| Non-recurring operating charges | 66A | - | €27 | +€27 | |
| Gross operating margin | 9900 | €251,233 | €179,534 | -€71,699 | -28.5% |
| Operating profit (loss) | 9901 | €218,908 | €82,071 | -€136,837 | -62.5% |
| Financial income | 75/76B | - | €21,187 | +€21,187 | |
| Recurring financial income | 75 | - | €21,187 | +€21,187 | |
| Financial charges | 65/66B | €3,076 | €3,518 | +€442 | +14.4% |
| Recurring financial charges | 65 | €3,076 | €3,518 | +€442 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €215,832 | €99,740 | -€116,092 | -53.8% |
| Income taxes | 67/77 | €49,563 | €23,170 | -€26,393 | -53.3% |
| Profit (loss) for the period | 9904 | €166,270 | €76,571 | -€89,699 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €166,270 | €76,571 | -€89,699 | -53.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.