A&C Group: 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 Group
Largest movements
- Cash -€409,348
down €409,348 (-56.7%), from €721,545 to €312,197
mainly Contributions, distributions and other (-€5.6m)
- Reserves -€642,071
down €642,071 (-9.6%), from €6.7m to €6.1m
- Financial income +€608,400
up €608,400 (+13.8%), from €4.4m to €5.0m
of which Financial income: +€879,233
- Financial charges -€176,490
down €176,490 (-65.1%), from €271,005 to €94,516
of which Non-recurring financial charges: -€182,658
- Turnover -€82,923
down €82,923 (-7.4%), from €1.1m to €1.0m
- Services and other goods -€73,505
down €73,505 (-6.8%), from €1.1m to €1.0m
- Other operating income +€56,690
new in 2025: €56,690
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 | €11,975,078 | €11,411,657 | -€563,421 | -4.7% |
| Fixed assets | 21/28 | €10,959,062 | €10,870,888 | -€88,174 | -0.8% |
| Financial fixed assets | 28 | €10,959,062 | €10,870,888 | -€88,174 | -0.8% |
| Affiliated companies | 280/1 | €10,959,062 | €10,870,888 | -€88,174 | -0.8% |
| Participating interests | 280 | €10,959,062 | €10,870,888 | -€88,174 | -0.8% |
| Current assets | 29/58 | €1,016,016 | €540,769 | -€475,247 | -46.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €294,471 | €228,572 | -€65,899 | -22.4% |
| Trade receivables | 40 | €281,589 | €228,572 | -€53,017 | -18.8% |
| Other amounts receivable | 41 | €12,882 | €0 | -€12,882 | -100% |
| Cash at bank and in hand | 54/58 | €721,545 | €312,197 | -€409,348 | -56.7% |
| Total equity and liabilities | 10/49 | €11,975,078 | €11,411,657 | -€563,421 | -4.7% |
| Equity | 10/15 | €11,690,078 | €11,048,007 | -€642,071 | -5.5% |
| Contributions | 10/11 | €4,993,833 | €4,993,833 | = | 0.0% |
| Reserves | 13 | €6,696,245 | €6,054,174 | -€642,071 | -9.6% |
| Distributable reserves | 133 | €6,696,245 | €6,054,174 | -€642,071 | -9.6% |
| Amounts payable | 17/49 | €285,000 | €363,650 | +€78,650 | +27.6% |
| Amounts payable within one year | 42/48 | €267,500 | €346,150 | +€78,650 | +29.4% |
| Trade debts | 44 | €267,500 | €310,657 | +€43,157 | +16.1% |
| Suppliers | 440/4 | €267,500 | €310,657 | +€43,157 | +16.1% |
| Taxes, remuneration and social security | 45 | €0 | €4,135 | +€4,135 | |
| Taxes | 450/3 | €0 | €4,135 | +€4,135 | |
| Other amounts payable | 47/48 | - | €31,357 | +€31,357 | |
| Accrued charges and deferred income | 492/3 | €17,500 | €17,500 | = | 0.0% |
| Operating income | 70/76A | €1,121,455 | €1,095,221 | -€26,234 | -2.3% |
| Turnover | 70 | €1,121,455 | €1,038,532 | -€82,923 | -7.4% |
| Other operating income | 74 | - | €56,690 | +€56,690 | |
| Operating charges | 60/66A | €1,086,880 | €1,013,406 | -€73,474 | -6.8% |
| Services and other goods | 61 | €1,085,913 | €1,012,408 | -€73,505 | -6.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | €34,575 | €81,815 | +€47,240 | +137% |
| Financial income | 75/76B | €4,411,762 | €5,020,162 | +€608,400 | +13.8% |
| Recurring financial income | 75 | €4,140,929 | €5,020,162 | +€879,233 | +21.2% |
| Income from financial fixed assets | 750 | €4,127,601 | €4,977,223 | +€849,622 | +20.6% |
| Income from current assets | 751 | €13,328 | €42,939 | +€29,611 | +222% |
| Non-recurring financial income | 76B | €270,833 | €0 | -€270,833 | -100% |
| Financial charges | 65/66B | €271,005 | €94,516 | -€176,490 | -65.1% |
| Recurring financial charges | 65 | €172 | €6,340 | +€6,168 | +3,581% |
| Debt charges | 650 | - | €6,164 | +€6,164 | |
| Other financial charges | 652/9 | €172 | €176 | +€4 | +2.4% |
| Non-recurring financial charges | 66B | €270,833 | €88,175 | -€182,658 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €4,175,332 | €5,007,461 | +€832,129 | +19.9% |
| Income taxes | 67/77 | €0 | €15,620 | +€15,620 | |
| Taxes | 670/3 | €0 | €15,620 | +€15,620 | |
| Profit (loss) for the period | 9904 | €4,175,332 | €4,991,841 | +€816,510 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,175,332 | €4,991,841 | +€816,510 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.