A.C. HOLDING: 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. HOLDING
Largest movements
- Cash -€43,166
down €43,166 (-83.6%), from €51,640 to €8,473
mainly Other debts (-€39,446) and Net result for the year (-€7,766)
- Receivables within one year -€11,582
down €11,582 (-76.6%), from €15,125 to €3,543
of which Trade receivables: -€14,582
- Tangible fixed assets -€4,135
down €4,135 (-54.2%), from €7,624 to €3,489
of which Plant, machinery and equipment: -€3,135
- Intangible fixed assets +€3,482
new in 2025: €3,482
- Other debts -€39,446
down €39,446 (-44.0%), from €89,655 to €50,209
- Profit (loss) carried forward -€7,766
new in 2025: -€7,766
- Advances received -€4,358
down €4,358 (-100%), from €4,358 to €0
- Tax, wage and social debts -€3,458
down €3,458 (-97.9%), from €3,531 to €73
- Gross operating margin -€33,155
down €33,155, from €30,453 to -€2,702
- Taxes -€7,970
down €7,970 (-100%), from €7,970 to €0
- Other operating charges -€573
down €573 (-84.6%), from €677 to €104
- Financial income -€305
down €305 (-100%), from €305 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.
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 | €322,620 | €267,052 | -€55,568 | -17.2% |
| Fixed assets | 21/28 | €250,983 | €250,329 | -€653 | -0.3% |
| Intangible fixed assets | 21 | - | €3,482 | +€3,482 | |
| Tangible fixed assets | 22/27 | €7,624 | €3,489 | -€4,135 | -54.2% |
| Plant, machinery and equipment | 23 | €6,605 | €3,470 | -€3,135 | -47.5% |
| Furniture and vehicles | 24 | €1,019 | €19 | -€1,000 | -98.1% |
| Financial fixed assets | 28 | €243,358 | €243,358 | = | 0.0% |
| Current assets | 29/58 | €71,637 | €16,723 | -€54,915 | -76.7% |
| Stocks and contracts in progress | 3 | €1,762 | €1,890 | +€127 | +7.2% |
| Stocks | 30/36 | €1,762 | €1,890 | +€127 | +7.2% |
| Amounts receivable within one year | 40/41 | €15,125 | €3,543 | -€11,582 | -76.6% |
| Trade receivables | 40 | €15,125 | €543 | -€14,582 | -96.4% |
| Other amounts receivable | 41 | €0 | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €51,640 | €8,473 | -€43,166 | -83.6% |
| Deferred charges and accrued income | 490/1 | €3,110 | €2,817 | -€294 | -9.4% |
| Total equity and liabilities | 10/49 | €322,620 | €267,052 | -€55,568 | -17.2% |
| Equity | 10/15 | €224,253 | €216,487 | -€7,766 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,653 | €205,653 | = | 0.0% |
| Distributable reserves | 133 | €205,653 | €205,653 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,766 | -€7,766 | |
| Amounts payable | 17/49 | €98,367 | €50,565 | -€47,802 | -48.6% |
| Amounts payable within one year | 42/48 | €97,912 | €50,565 | -€47,347 | -48.4% |
| Trade debts | 44 | €368 | €283 | -€85 | -23.0% |
| Suppliers | 440/4 | €368 | €283 | -€85 | -23.0% |
| Advances received on contracts in progress | 46 | €4,358 | €0 | -€4,358 | -100% |
| Taxes, remuneration and social security | 45 | €3,531 | €73 | -€3,458 | -97.9% |
| Taxes | 450/3 | €3,531 | €73 | -€3,458 | -97.9% |
| Other amounts payable | 47/48 | €89,655 | €50,209 | -€39,446 | -44.0% |
| Accrued charges and deferred income | 492/3 | €455 | €0 | -€455 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,135 | €4,195 | +€60 | +1.5% |
| Other operating charges | 640/8 | €677 | €104 | -€573 | -84.6% |
| Gross operating margin | 9900 | €30,453 | -€2,702 | -€33,155 | |
| Operating profit (loss) | 9901 | €25,641 | -€7,001 | -€32,643 | |
| Financial income | 75/76B | €305 | €0 | -€305 | -100% |
| Recurring financial income | 75 | €305 | €0 | -€305 | -100% |
| Financial charges | 65/66B | €1,007 | €765 | -€243 | -24.1% |
| Recurring financial charges | 65 | €1,007 | €765 | -€243 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €24,939 | -€7,766 | -€32,705 | |
| Income taxes | 67/77 | €7,970 | €0 | -€7,970 | -100% |
| Profit (loss) for the period | 9904 | €16,969 | -€7,766 | -€24,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,969 | -€7,766 | -€24,735 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.