A&C HOLDING: 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.
What changed
A&C HOLDING
NACE 55.202, Accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€958,466
2024 · €403,398+€555,068
Equity
€22.6m
2024 · €21.7m+€958,466
Cash
€551,513
2024 · €618,371-€66,858
Balance sheet total
€23.5m
2024 · €22.7m+€823,168
Largest movements
Assets
- Receivables after one year +€800,000
up €800,000 (+133.3%), from €600,000 to €1.4m
Equity and liabilities
- Reserves +€958,466
up €958,466 (+96.5%), from €992,882 to €2.0m
of which Distributable reserves: +€906,013
Income statement
- Financial income +€520,188
up €520,188 (+4013.7%), from €12,960 to €533,148
- Gross operating margin +€155,371
up €155,371 (+11.4%), from €1.4m to €1.5m
- Staff costs +€93,177
up €93,177 (+27.0%), from €345,349 to €438,526
- Taxes +€91,947
up €91,947 (+49.2%), from €186,888 to €278,835
- Other operating charges -€30,780
down €30,780 (-11.2%), from €274,426 to €243,646
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.
Result 2024
€403,398
Gross operating margin
+€155,371
Staff costs
-€93,177
Depreciation
+€5,732
Write-downs
+€16,620
Other operating charges
+€30,780
Financial income
+€520,188
Financial charges
+€11,501
Taxes
-€91,947
Result 2025
€958,466
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.
From operations
-€57,056
Investment
-€9,802
Financing
€0
Cash 2024
€618,371
From operations (derived)
-€57,056
Net result for the year
+€958,466
Depreciation
+€128,583
Receivables after one year
-€800,000
Stocks and contracts
+€23,787
Receivables within one year
-€204,412
Deferred charges and accrued income
-€28,182
Trade debts
-€101,494
Tax, wage and social debts
+€119,074
Advances received
+€5,000
Other debts
-€147,265
Accrued charges and deferred income
-€10,612
Investment (derived)
-€9,802
Investment in fixed assets (net)
-€159,802
Current investments
+€150,000
Cash 2025
€551,513
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,709,200 | €23,532,368 | +€823,168 | +3.6% |
| Fixed assets | 21/28 | €20,029,436 | €20,060,655 | +€31,219 | +0.2% |
| Tangible fixed assets | 22/27 | €712,057 | €743,276 | +€31,219 | +4.4% |
| Land and buildings | 22 | €1,385 | €412 | -€973 | -70.2% |
| Plant, machinery and equipment | 23 | €702,171 | €733,641 | +€31,470 | +4.5% |
| Furniture and vehicles | 24 | €8,500 | €9,222 | +€722 | +8.5% |
| Financial fixed assets | 28 | €19,317,379 | €19,317,379 | = | 0.0% |
| Current assets | 29/58 | €2,679,764 | €3,471,713 | +€791,949 | +29.6% |
| Amounts receivable after more than one year | 29 | €600,000 | €1,400,000 | +€800,000 | +133.3% |
| Other amounts receivable | 291 | €600,000 | €1,400,000 | +€800,000 | +133.3% |
| Stocks and contracts in progress | 3 | €27,882 | €4,095 | -€23,787 | -85.3% |
| Stocks | 30/36 | €27,882 | €4,095 | -€23,787 | -85.3% |
| Amounts receivable within one year | 40/41 | €1,269,952 | €1,474,364 | +€204,412 | +16.1% |
| Trade receivables | 40 | €1,049,228 | €1,092,440 | +€43,212 | +4.1% |
| Other amounts receivable | 41 | €220,725 | €381,924 | +€161,200 | +73.0% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €618,371 | €551,513 | -€66,858 | -10.8% |
| Deferred charges and accrued income | 490/1 | €13,559 | €41,741 | +€28,182 | +207.8% |
| Total equity and liabilities | 10/49 | €22,709,200 | €23,532,368 | +€823,168 | +3.6% |
| Equity | 10/15 | €21,660,648 | €22,619,113 | +€958,466 | +4.4% |
| Contributions | 10/11 | €20,667,766 | €20,667,766 | = | 0.0% |
| Capital | 10 | €20,667,766 | €20,667,766 | = | 0.0% |
| Issued capital | 100 | €20,667,766 | €20,667,766 | = | 0.0% |
| Reserves | 13 | €992,882 | €1,951,348 | +€958,466 | +96.5% |
| Non-distributable reserves | 130/1 | €91,054 | €143,508 | +€52,453 | +57.6% |
| Legal reserve | 130 | €91,054 | €143,508 | +€52,453 | +57.6% |
| Distributable reserves | 133 | €901,827 | €1,807,840 | +€906,013 | +100.5% |
| Amounts payable | 17/49 | €1,048,552 | €913,254 | -€135,298 | -12.9% |
| Amounts payable within one year | 42/48 | €1,024,883 | €900,198 | -€124,686 | -12.2% |
| Trade debts | 44 | €695,572 | €594,077 | -€101,494 | -14.6% |
| Suppliers | 440/4 | €695,572 | €594,077 | -€101,494 | -14.6% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €95,144 | €214,217 | +€119,074 | +125.2% |
| Taxes | 450/3 | €71,431 | €185,170 | +€113,739 | +159.2% |
| Remuneration and social security | 454/9 | €23,713 | €29,048 | +€5,335 | +22.5% |
| Other amounts payable | 47/48 | €234,168 | €86,903 | -€147,265 | -62.9% |
| Accrued charges and deferred income | 492/3 | €23,669 | €13,057 | -€10,612 | -44.8% |
| Remuneration, social security and pensions | 62 | €345,349 | €438,526 | +€93,177 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,315 | €128,583 | -€5,732 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,620 | €0 | -€16,620 | -100.0% |
| Other operating charges | 640/8 | €274,426 | €243,646 | -€30,780 | -11.2% |
| Gross operating margin | 9900 | €1,362,772 | €1,518,144 | +€155,371 | +11.4% |
| Operating profit (loss) | 9901 | €592,062 | €707,388 | +€115,327 | +19.5% |
| Financial income | 75/76B | €12,960 | €533,148 | +€520,188 | +4013.7% |
| Recurring financial income | 75 | €12,960 | €533,148 | +€520,188 | +4013.7% |
| Financial charges | 65/66B | €14,736 | €3,235 | -€11,501 | -78.0% |
| Recurring financial charges | 65 | €14,736 | €3,235 | -€11,501 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €590,286 | €1,237,301 | +€647,015 | +109.6% |
| Income taxes | 67/77 | €186,888 | €278,835 | +€91,947 | +49.2% |
| Profit (loss) for the period | 9904 | €403,398 | €958,466 | +€555,068 | +137.6% |
| Profit (loss) for the period to be appropriated | 9905 | €403,398 | €958,466 | +€555,068 | +137.6% |
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 4 October 2026 via checked.be.