AB: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
What changed
AB
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€11,725
2024 · -€537-€11,188
Equity
€1.5m
2024 · €1.5m-€11,725
Cash
€41,920
2024 · €11,939+€29,981
Balance sheet total
€4.8m
2024 · €5.8m-€968,497
Largest movements
Assets
- Stocks and contracts -€359,672
down €359,672 (-13.3%), from €2.7m to €2.4m
- Receivables within one year -€313,190
down €313,190 (-26.5%), from €1.2m to €869,671
of which Other amounts receivable: -€433,907
- Deferred charges and accrued income -€294,634
down €294,634 (-64.0%), from €460,493 to €165,859
Equity and liabilities
- Other debts -€461,474
down €461,474 (-23.7%), from €2.0m to €1.5m
- Trade debts -€365,971
down €365,971 (-96.2%), from €380,295 to €14,324
- Short-term financial debts -€322,245
down €322,245 (-39.2%), from €822,245 to €500,000
- Debts after one year +€287,764
up €287,764 (+156%), from €184,114 to €471,878
of which Financial debts: +€287,764
- Current portion of long-term debt -€125,113
down €125,113 (-41.4%), from €302,051 to €176,939
Income statement
- Gross operating margin +€332,013
up €332,013 (+99.0%), from €335,200 to €667,213
- Depreciation +€178,155
up €178,155 (+59.2%), from €300,851 to €479,006
- Financial income -€167,675
down €167,675 (-100.0%), from €167,720 to €45
of which Non-recurring financial income: -€167,720
- Staff costs -€25,314
down €25,314 (-52.7%), from €48,051 to €22,737
- Financial charges +€15,376
up €15,376 (+13.7%), from €112,017 to €127,394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€537
Gross operating margin
+€332,013
Staff costs
+€25,314
Depreciation
-€178,155
Other operating charges
-€9,351
Other operating items
-€1,351
Financial income
-€167,675
Financial charges
-€15,376
Deferred taxes and other
+€3,393
Result 2025
-€11,725
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€637,598
Investment
-€448,024
Financing
-€159,593
Cash 2024
€11,939
From operations (derived)
+€637,598
Net result for the year
-€11,725
Depreciation
+€479,006
Stocks and contracts
+€359,672
Receivables within one year
+€313,190
Deferred charges and accrued income
+€294,634
Provisions
-€3,572
Trade debts
-€365,971
Tax, wage and social debts
-€7,737
Advances received
-€1,000
Other debts
-€461,474
Accrued charges and deferred income
+€42,575
Investment (derived)
-€448,024
Investment in fixed assets (net)
-€448,024
Financing
-€159,593
Debts after one year
+€287,764
Current portion of long-term debt
-€125,113
Short-term financial debts
-€322,245
Cash 2025
€41,920
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,789,924 | €4,821,426 | -€968,497 | -16.7% |
| Fixed assets | 21/28 | €1,423,478 | €1,392,496 | -€30,982 | -2.2% |
| Tangible fixed assets | 22/27 | €1,423,478 | €1,392,496 | -€30,982 | -2.2% |
| Land and buildings | 22 | €279,458 | €142,460 | -€136,997 | -49.0% |
| Plant, machinery and equipment | 23 | €19,810 | €662 | -€19,148 | -96.7% |
| Furniture and vehicles | 24 | €1,124,210 | €1,249,374 | +€125,164 | +11.1% |
| Current assets | 29/58 | €4,366,446 | €3,428,930 | -€937,515 | -21.5% |
| Stocks and contracts in progress | 3 | €2,711,152 | €2,351,480 | -€359,672 | -13.3% |
| Stocks | 30/36 | €2,711,152 | €2,351,480 | -€359,672 | -13.3% |
| Amounts receivable within one year | 40/41 | €1,182,861 | €869,671 | -€313,190 | -26.5% |
| Trade receivables | 40 | €587,473 | €708,190 | +€120,717 | +20.5% |
| Other amounts receivable | 41 | €595,388 | €161,481 | -€433,907 | -72.9% |
| Cash at bank and in hand | 54/58 | €11,939 | €41,920 | +€29,981 | +251% |
| Deferred charges and accrued income | 490/1 | €460,493 | €165,859 | -€294,634 | -64.0% |
| Total equity and liabilities | 10/49 | €5,789,924 | €4,821,426 | -€968,497 | -16.7% |
| Equity | 10/15 | €1,508,181 | €1,496,456 | -€11,725 | -0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,446,181 | €1,435,465 | -€10,717 | -0.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,003 | €43,287 | -€10,717 | -19.8% |
| Distributable reserves | 133 | €1,385,978 | €1,385,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,008 | -€1,008 | |
| Provisions and deferred taxes | 16 | €18,001 | €14,429 | -€3,572 | -19.8% |
| Deferred taxes | 168 | €18,001 | €14,429 | -€3,572 | -19.8% |
| Amounts payable | 17/49 | €4,263,741 | €3,310,541 | -€953,200 | -22.4% |
| Amounts payable after more than one year | 17 | €184,114 | €471,878 | +€287,764 | +156% |
| Financial debts | 170/4 | €169,965 | €457,729 | +€287,764 | +169% |
| Other amounts payable | 178/9 | €14,149 | €14,149 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,965,447 | €2,681,908 | -€1.3m | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €302,051 | €176,939 | -€125,113 | -41.4% |
| Financial debts | 43 | €822,245 | €500,000 | -€322,245 | -39.2% |
| Credit institutions | 430/8 | €822,245 | €500,000 | -€322,245 | -39.2% |
| Trade debts | 44 | €380,295 | €14,324 | -€365,971 | -96.2% |
| Suppliers | 440/4 | €380,295 | €14,324 | -€365,971 | -96.2% |
| Advances received on contracts in progress | 46 | €502,000 | €501,000 | -€1,000 | -0.2% |
| Taxes, remuneration and social security | 45 | €8,229 | €492 | -€7,737 | -94.0% |
| Taxes | 450/3 | €406 | €406 | = | 0.0% |
| Remuneration and social security | 454/9 | €7,823 | €86 | -€7,737 | -98.9% |
| Other amounts payable | 47/48 | €1,950,627 | €1,489,153 | -€461,474 | -23.7% |
| Accrued charges and deferred income | 492/3 | €114,180 | €156,755 | +€42,575 | +37.3% |
| Non-recurring operating income | 76A | €9,561 | €168,771 | +€159,210 | +1,665% |
| Remuneration, social security and pensions | 62 | €48,051 | €22,737 | -€25,314 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,851 | €479,006 | +€178,155 | +59.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €42,717 | €52,068 | +€9,351 | +21.9% |
| Non-recurring operating charges | 66A | €0 | €1,351 | +€1,351 | |
| Gross operating margin | 9900 | €335,200 | €667,213 | +€332,013 | +99.0% |
| Operating profit (loss) | 9901 | -€56,419 | €112,051 | +€168,470 | |
| Financial income | 75/76B | €167,720 | €45 | -€167,675 | -100.0% |
| Recurring financial income | 75 | €0 | €45 | +€45 | +26,453% |
| Non-recurring financial income | 76B | €167,720 | €0 | -€167,720 | -100% |
| Financial charges | 65/66B | €112,017 | €127,394 | +€15,376 | +13.7% |
| Recurring financial charges | 65 | €112,017 | €127,394 | +€15,376 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€716 | -€15,297 | -€14,582 | -2,037% |
| Transfer from deferred taxes | 780 | €179 | €3,572 | +€3,393 | +1,896% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€537 | -€11,725 | -€11,188 | -2,084% |
| Transfer from tax-exempt reserves | 789 | €537 | €10,717 | +€10,180 | +1,896% |
| Profit (loss) for the period to be appropriated | 9905 | €0 | -€1,008 | -€1,008 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.