L'A.B.C.: 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.
L'A.B.C.
Largest movements
- Cash +€13,019
up €13,019 (+8.2%), from €158,646 to €171,665
mainly Other debts (+€78,100) and Net result for the year (+€18,285)
- Stocks and contracts +€3,903
up €3,903 (+9.2%), from €42,308 to €46,211
- Receivables within one year +€3,209
up €3,209 (+105%), from €3,054 to €6,263
of which Trade receivables: +€3,344
- Other debts +€78,100
up €78,100 (+990%), from €7,886 to €85,986
- Reserves -€67,000
down €67,000 (-29.9%), from €223,900 to €156,900
- Trade debts +€4,232
up €4,232 (+254%), from €1,668 to €5,900
- Gross operating margin +€6,834
up €6,834 (+12.0%), from €56,935 to €63,770
- Staff costs +€2,153
up €2,153 (+6.0%), from €35,705 to €37,858
- Taxes +€1,189
up €1,189 (+19.5%), from €6,093 to €7,282
- Depreciation +€960
up €960 (+69.7%), from €1,378 to €2,337
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 | €277,534 | €294,637 | +€17,102 | +6.2% |
| Fixed assets | 21/28 | €17,386 | €15,048 | -€2,337 | -13.4% |
| Tangible fixed assets | 22/27 | €13,316 | €10,979 | -€2,337 | -17.6% |
| Plant, machinery and equipment | 23 | €1,625 | €792 | -€833 | -51.3% |
| Furniture and vehicles | 24 | €375 | €110 | -€265 | -70.7% |
| Other tangible fixed assets | 26 | €11,317 | €10,077 | -€1,240 | -11.0% |
| Financial fixed assets | 28 | €4,070 | €4,070 | = | 0.0% |
| Current assets | 29/58 | €260,149 | €279,588 | +€19,440 | +7.5% |
| Stocks and contracts in progress | 3 | €42,308 | €46,211 | +€3,903 | +9.2% |
| Stocks | 30/36 | €42,308 | €46,211 | +€3,903 | +9.2% |
| Amounts receivable within one year | 40/41 | €3,054 | €6,263 | +€3,209 | +105% |
| Trade receivables | 40 | €2,833 | €6,177 | +€3,344 | +118% |
| Other amounts receivable | 41 | €221 | €87 | -€135 | -60.9% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,646 | €171,665 | +€13,019 | +8.2% |
| Deferred charges and accrued income | 490/1 | €6,140 | €5,449 | -€691 | -11.3% |
| Total equity and liabilities | 10/49 | €277,534 | €294,637 | +€17,102 | +6.2% |
| Equity | 10/15 | €249,216 | €182,501 | -€66,715 | -26.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €223,900 | €156,900 | -€67,000 | -29.9% |
| Distributable reserves | 133 | €223,900 | €156,900 | -€67,000 | -29.9% |
| Profit (loss) carried forward | 14 | €316 | €601 | +€285 | +90.3% |
| Amounts payable | 17/49 | €28,318 | €112,136 | +€83,817 | +296% |
| Amounts payable within one year | 42/48 | €28,318 | €112,136 | +€83,817 | +296% |
| Trade debts | 44 | €1,668 | €5,900 | +€4,232 | +254% |
| Suppliers | 440/4 | €1,668 | €5,900 | +€4,232 | +254% |
| Advances received on contracts in progress | 46 | €3,285 | €3,786 | +€501 | +15.2% |
| Taxes, remuneration and social security | 45 | €15,480 | €16,464 | +€984 | +6.4% |
| Taxes | 450/3 | €9,696 | €10,165 | +€470 | +4.8% |
| Remuneration and social security | 454/9 | €5,784 | €6,298 | +€514 | +8.9% |
| Other amounts payable | 47/48 | €7,886 | €85,986 | +€78,100 | +990% |
| Remuneration, social security and pensions | 62 | €35,705 | €37,858 | +€2,153 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,378 | €2,337 | +€960 | +69.7% |
| Other operating charges | 640/8 | €782 | €796 | +€14 | +1.8% |
| Gross operating margin | 9900 | €56,935 | €63,770 | +€6,834 | +12.0% |
| Operating profit (loss) | 9901 | €19,070 | €22,777 | +€3,707 | +19.4% |
| Financial income | 75/76B | €3,213 | €3,405 | +€193 | +6.0% |
| Recurring financial income | 75 | €3,213 | €3,405 | +€193 | +6.0% |
| Financial charges | 65/66B | €532 | €616 | +€84 | +15.8% |
| Recurring financial charges | 65 | €532 | €616 | +€84 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €21,751 | €25,567 | +€3,816 | +17.5% |
| Income taxes | 67/77 | €6,093 | €7,282 | +€1,189 | +19.5% |
| Profit (loss) for the period | 9904 | €15,658 | €18,285 | +€2,627 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,658 | €18,285 | +€2,627 | +16.8% |
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 19 October 2026 via checked.be.