A&C: 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.
A&C
Largest movements
- Stocks and contracts +€67,491
up €67,491 (+35.1%), from €192,372 to €259,863
- Cash -€53,937
down €53,937 (-19.1%), from €282,313 to €228,375
mainly Stocks and contracts (-€67,491) and Net result for the year (-€37,938)
- Receivables within one year -€47,521
down €47,521 (-84.9%), from €55,970 to €8,449
of which Trade receivables: -€38,562
- Profit (loss) carried forward -€37,938
down €37,938 (-16.2%), from €234,469 to €196,531
- Trade debts +€34,849
up €34,849 (+57.8%), from €60,323 to €95,172
- Other debts -€24,604
down €24,604 (-21.9%), from €112,491 to €87,887
- Tax, wage and social debts -€6,581
down €6,581 (-10.1%), from €64,917 to €58,336
of which Taxes: -€5,106
- Staff costs +€21,945
up €21,945 (+10.1%), from €216,318 to €238,263
- Other operating charges -€7,708
down €7,708 (-71.4%), from €10,801 to €3,093
- Taxes -€3,749
down €3,749 (-100.0%), from €3,749 to €0
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.
Cash bridge derived
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 | €561,295 | €527,134 | -€34,161 | -6.1% |
| Fixed assets | 21/28 | €29,213 | €26,704 | -€2,509 | -8.6% |
| Tangible fixed assets | 22/27 | €13,007 | €10,498 | -€2,509 | -19.3% |
| Plant, machinery and equipment | 23 | €748 | €228 | -€520 | -69.5% |
| Furniture and vehicles | 24 | €588 | €1,554 | +€965 | +164.0% |
| Other tangible fixed assets | 26 | €11,671 | €8,717 | -€2,954 | -25.3% |
| Financial fixed assets | 28 | €16,206 | €16,206 | = | 0.0% |
| Current assets | 29/58 | €532,082 | €500,429 | -€31,653 | -5.9% |
| Stocks and contracts in progress | 3 | €192,372 | €259,863 | +€67,491 | +35.1% |
| Stocks | 30/36 | €192,372 | €259,863 | +€67,491 | +35.1% |
| Amounts receivable within one year | 40/41 | €55,970 | €8,449 | -€47,521 | -84.9% |
| Trade receivables | 40 | €38,562 | €0 | -€38,562 | -100.0% |
| Other amounts receivable | 41 | €17,408 | €8,449 | -€8,959 | -51.5% |
| Cash at bank and in hand | 54/58 | €282,313 | €228,375 | -€53,937 | -19.1% |
| Deferred charges and accrued income | 490/1 | €1,427 | €3,742 | +€2,315 | +162.2% |
| Total equity and liabilities | 10/49 | €561,295 | €527,134 | -€34,161 | -6.1% |
| Equity | 10/15 | €323,143 | €285,205 | -€37,938 | -11.7% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Reserves | 13 | €49,674 | €49,674 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,900 | €3,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,900 | €3,900 | = | 0.0% |
| Distributable reserves | 133 | €45,774 | €45,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,469 | €196,531 | -€37,938 | -16.2% |
| Amounts payable | 17/49 | €238,152 | €241,929 | +€3,777 | +1.6% |
| Amounts payable within one year | 42/48 | €237,731 | €241,396 | +€3,664 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €60,323 | €95,172 | +€34,849 | +57.8% |
| Suppliers | 440/4 | €60,323 | €95,172 | +€34,849 | +57.8% |
| Taxes, remuneration and social security | 45 | €64,917 | €58,336 | -€6,581 | -10.1% |
| Taxes | 450/3 | €20,032 | €14,926 | -€5,106 | -25.5% |
| Remuneration and social security | 454/9 | €44,885 | €43,410 | -€1,475 | -3.3% |
| Other amounts payable | 47/48 | €112,491 | €87,887 | -€24,604 | -21.9% |
| Accrued charges and deferred income | 492/3 | €421 | €533 | +€112 | +26.7% |
| Remuneration, social security and pensions | 62 | €216,318 | €238,263 | +€21,945 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,912 | €4,109 | +€197 | +5.0% |
| Other operating charges | 640/8 | €10,801 | €3,093 | -€7,708 | -71.4% |
| Gross operating margin | 9900 | €227,584 | €226,554 | -€1,030 | -0.5% |
| Operating profit (loss) | 9901 | -€3,447 | -€18,912 | -€15,465 | -448.6% |
| Financial income | 75/76B | €1,973 | €1,343 | -€630 | -31.9% |
| Recurring financial income | 75 | €1,973 | €1,343 | -€630 | -31.9% |
| Financial charges | 65/66B | €19,885 | €20,370 | +€485 | +2.4% |
| Recurring financial charges | 65 | €19,885 | €20,370 | +€485 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,359 | -€37,938 | -€16,579 | -77.6% |
| Income taxes | 67/77 | €3,749 | €0 | -€3,749 | -100.0% |
| Profit (loss) for the period | 9904 | -€25,108 | -€37,938 | -€12,830 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,108 | -€37,938 | -€12,830 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.