A&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.
A&C
Largest movements
- Receivables within one year -€71,502
down €71,502 (-48.1%), from €148,592 to €77,090
of which Trade receivables: -€67,775
- Stocks and contracts -€37,932
down €37,932 (-32.6%), from €116,332 to €78,400
- Tangible fixed assets +€28,322
up €28,322 (+214.2%), from €13,220 to €41,542
of which Furniture and vehicles: +€14,755
- Trade debts -€52,851
down €52,851 (-29.9%), from €176,964 to €124,112
- Profit (loss) carried forward -€23,756
down €23,756 (-62.7%), from -€37,890 to -€61,646
- Advances received -€21,296
no longer reported in 2025 (was €21,296)
- Debts after one year +€18,874
up €18,874 (+321.8%), from €5,864 to €24,738
- Tax, wage and social debts -€17,799
down €17,799 (-86.6%), from €20,554 to €2,755
of which Taxes: -€12,679
- Purchases and services -€626,848
no longer reported in 2025 (was €626,848)
- Gross operating margin +€132,344
up €132,344, from -€61,960 to €70,384
- Staff costs +€64,388
up €64,388 (+170.2%), from €37,835 to €102,223
- Financial income +€11,731
up €11,731 (+61.1%), from €19,203 to €30,934
of which Financial income: +€30,931
- Taxes -€8,710
no longer reported in 2025 (was €8,710)
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 | €278,686 | €197,330 | -€81,356 | -29.2% |
| Formation expenses | 20 | €486 | €243 | -€243 | -50.0% |
| Fixed assets | 21/28 | €13,220 | €41,542 | +€28,322 | +214.2% |
| Tangible fixed assets | 22/27 | €13,220 | €41,542 | +€28,322 | +214.2% |
| Land and buildings | 22 | - | €13,567 | +€13,567 | |
| Furniture and vehicles | 24 | €13,220 | €27,975 | +€14,755 | +111.6% |
| Current assets | 29/58 | €264,980 | €155,546 | -€109,434 | -41.3% |
| Stocks and contracts in progress | 3 | €116,332 | €78,400 | -€37,932 | -32.6% |
| Stocks | 30/36 | €116,332 | €78,400 | -€37,932 | -32.6% |
| Amounts receivable within one year | 40/41 | €148,592 | €77,090 | -€71,502 | -48.1% |
| Trade receivables | 40 | €144,709 | €76,935 | -€67,775 | -46.8% |
| Other amounts receivable | 41 | €3,882 | €155 | -€3,727 | -96.0% |
| Cash at bank and in hand | 54/58 | €56 | €56 | = | 0.0% |
| Total equity and liabilities | 10/49 | €278,686 | €197,330 | -€81,356 | -29.2% |
| Equity | 10/15 | -€25,040 | -€48,796 | -€23,756 | -94.9% |
| Contributions | 10/11 | €12,850 | €12,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,890 | -€61,646 | -€23,756 | -62.7% |
| Amounts payable | 17/49 | €303,726 | €246,126 | -€57,599 | -19.0% |
| Amounts payable after more than one year | 17 | €5,864 | €24,738 | +€18,874 | +321.8% |
| Financial debts | 170/4 | €5,864 | €24,738 | +€18,874 | +321.8% |
| Amounts payable within one year | 42/48 | €297,861 | €221,388 | -€76,473 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €8,318 | €23,740 | +€15,421 | +185.4% |
| Financial debts | 43 | €31,640 | €33,314 | +€1,675 | +5.3% |
| Credit institutions | 430/8 | €31,640 | €33,314 | +€1,675 | +5.3% |
| Trade debts | 44 | €176,964 | €124,112 | -€52,851 | -29.9% |
| Suppliers | 440/4 | €176,964 | €124,112 | -€52,851 | -29.9% |
| Advances received on contracts in progress | 46 | €21,296 | - | -€21,296 | |
| Taxes, remuneration and social security | 45 | €20,554 | €2,755 | -€17,799 | -86.6% |
| Taxes | 450/3 | €15,434 | €2,755 | -€12,679 | -82.1% |
| Remuneration and social security | 454/9 | €5,119 | - | -€5,119 | |
| Other amounts payable | 47/48 | €39,090 | €37,466 | -€1,623 | -4.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €626,848 | - | -€626,848 | |
| Remuneration, social security and pensions | 62 | €37,835 | €102,223 | +€64,388 | +170.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,229 | €11,252 | +€3,022 | +36.7% |
| Other operating charges | 640/8 | €3,520 | €1,740 | -€1,780 | -50.6% |
| Gross operating margin | 9900 | -€61,960 | €70,384 | +€132,344 | |
| Operating profit (loss) | 9901 | -€111,544 | -€44,831 | +€66,713 | +59.8% |
| Financial income | 75/76B | €19,203 | €30,934 | +€11,731 | +61.1% |
| Recurring financial income | 75 | €3 | €30,934 | +€30,931 | +985069.1% |
| Non-recurring financial income | 76B | €19,200 | - | -€19,200 | |
| Financial charges | 65/66B | €5,414 | €9,860 | +€4,446 | +82.1% |
| Recurring financial charges | 65 | €5,414 | €9,860 | +€4,446 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | -€97,755 | -€23,756 | +€73,999 | +75.7% |
| Income taxes | 67/77 | €8,710 | - | -€8,710 | |
| Profit (loss) for the period | 9904 | -€106,465 | -€23,756 | +€82,709 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,465 | -€23,756 | +€82,709 | +77.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.