A.C. CONSTRUCT: 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. CONSTRUCT
Largest movements
- Receivables within one year +€671,487
up €671,487 (+54.3%), from €1.2m to €1.9m
of which Other amounts receivable: +€510,221
- Tangible fixed assets +€72,229
up €72,229 (+96.3%), from €75,012 to €147,241
of which Furniture and vehicles: +€89,294
- Cash +€40,948
up €40,948 (+7.2%), from €565,970 to €606,918
mainly Net result for the year (+€783,826) and Other debts (+€147,594)
- Reserves +€582,233
up €582,233 (+29.4%), from €2.0m to €2.6m
of which Distributable reserves: +€569,608
- Other debts +€147,594
up €147,594 (+51.0%), from €289,514 to €437,108
- Tax, wage and social debts +€74,114
up €74,114 (+754.1%), from €9,829 to €83,943
of which Taxes: +€73,824
- Financial income +€502,854
up €502,854 (+4886.2%), from €10,291 to €513,145
- Taxes +€46,835
up €46,835 (+34.9%), from €134,348 to €181,184
- Gross operating margin +€37,884
up €37,884 (+6.9%), from €551,430 to €589,314
- Depreciation +€9,829
up €9,829 (+32.1%), from €30,662 to €40,491
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 | €2,460,218 | €3,240,276 | +€780,058 | +31.7% |
| Fixed assets | 21/28 | €527,748 | €599,977 | +€72,229 | +13.7% |
| Tangible fixed assets | 22/27 | €75,012 | €147,241 | +€72,229 | +96.3% |
| Plant, machinery and equipment | 23 | €75,012 | €57,947 | -€17,066 | -22.8% |
| Furniture and vehicles | 24 | - | €89,294 | +€89,294 | |
| Financial fixed assets | 28 | €452,736 | €452,736 | = | 0.0% |
| Current assets | 29/58 | €1,932,470 | €2,640,298 | +€707,829 | +36.6% |
| Stocks and contracts in progress | 3 | €121,455 | €109,918 | -€11,537 | -9.5% |
| Stocks | 30/36 | €121,455 | €109,918 | -€11,537 | -9.5% |
| Amounts receivable within one year | 40/41 | €1,235,713 | €1,907,201 | +€671,487 | +54.3% |
| Trade receivables | 40 | €533,218 | €694,485 | +€161,267 | +30.2% |
| Other amounts receivable | 41 | €702,495 | €1,212,715 | +€510,221 | +72.6% |
| Cash at bank and in hand | 54/58 | €565,970 | €606,918 | +€40,948 | +7.2% |
| Deferred charges and accrued income | 490/1 | €9,331 | €16,262 | +€6,931 | +74.3% |
| Total equity and liabilities | 10/49 | €2,460,218 | €3,240,276 | +€780,058 | +31.7% |
| Equity | 10/15 | €2,001,085 | €2,583,318 | +€582,233 | +29.1% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €1,982,385 | €2,564,618 | +€582,233 | +29.4% |
| Tax-exempt reserves | 132 | €71,382 | €84,008 | +€12,626 | +17.7% |
| Distributable reserves | 133 | €1,911,003 | €2,480,611 | +€569,608 | +29.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €627 | €4,836 | +€4,209 | +670.9% |
| Deferred taxes | 168 | €627 | €4,836 | +€4,209 | +670.9% |
| Amounts payable | 17/49 | €458,506 | €652,121 | +€193,616 | +42.2% |
| Amounts payable within one year | 42/48 | €444,451 | €635,507 | +€191,056 | +43.0% |
| Trade debts | 44 | €145,108 | €114,456 | -€30,653 | -21.1% |
| Suppliers | 440/4 | €145,108 | €114,456 | -€30,653 | -21.1% |
| Taxes, remuneration and social security | 45 | €9,829 | €83,943 | +€74,114 | +754.1% |
| Taxes | 450/3 | €8,327 | €82,151 | +€73,824 | +886.6% |
| Remuneration and social security | 454/9 | €1,502 | €1,791 | +€290 | +19.3% |
| Other amounts payable | 47/48 | €289,514 | €437,108 | +€147,594 | +51.0% |
| Accrued charges and deferred income | 492/3 | €14,055 | €16,615 | +€2,560 | +18.2% |
| Non-recurring operating income | 76A | - | €19,250 | +€19,250 | |
| Remuneration, social security and pensions | 62 | €62,226 | €67,190 | +€4,964 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,662 | €40,491 | +€9,829 | +32.1% |
| Other operating charges | 640/8 | €2,930 | €2,076 | -€854 | -29.1% |
| Gross operating margin | 9900 | €551,430 | €589,314 | +€37,884 | +6.9% |
| Operating profit (loss) | 9901 | €455,612 | €479,557 | +€23,945 | +5.3% |
| Financial income | 75/76B | €10,291 | €513,145 | +€502,854 | +4886.2% |
| Recurring financial income | 75 | €10,291 | €513,145 | +€502,854 | +4886.2% |
| Financial charges | 65/66B | €20,060 | €23,484 | +€3,424 | +17.1% |
| Recurring financial charges | 65 | €20,060 | €23,484 | +€3,424 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €445,844 | €969,219 | +€523,375 | +117.4% |
| Transfer from deferred taxes | 780 | €480 | €604 | +€124 | +25.8% |
| Transfer to deferred taxes | 680 | - | €4,813 | +€4,813 | |
| Income taxes | 67/77 | €134,348 | €181,184 | +€46,835 | +34.9% |
| Profit (loss) for the period | 9904 | €311,976 | €783,826 | +€471,851 | +151.2% |
| Transfer from tax-exempt reserves | 789 | €1,440 | €1,812 | +€372 | +25.8% |
| Transfer to tax-exempt reserves | 689 | - | €14,438 | +€14,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €313,416 | €771,201 | +€457,785 | +146.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.