A.C. INVEST: what changed
What changed
A.C. INVEST
NACE 78.100, Employment placement agencies
filed annual accounts (NBB)
Net result for the year
€699,299
2025 · €55,630+€643,668
Equity
€4.3m
2025 · €3.6m+€699,299
Cash
€512,582
2025 · €2,661+€509,921
Balance sheet total
€9.3m
2025 · €9.3m+€24,987
Largest movements
Assets
- Tangible fixed assets -€540,781
down €540,781 (-8.0%), from €6.7m to €6.2m
of which Land and buildings: -€509,754
- Cash +€509,921
up €509,921 (+19,162%), from €2,661 to €512,582
mainly Net result for the year (+€699,299) and Investment in fixed assets (net) (+€271,499)
Equity and liabilities
- Debts after one year -€553,266
down €553,266 (-17.3%), from €3.2m to €2.6m
- Reserves +€546,101
up €546,101 (+78.6%), from €694,665 to €1.2m
of which Distributable reserves: +€550,000
- Other debts -€189,763
down €189,763 (-11.5%), from €1.6m to €1.5m
- Profit (loss) carried forward +€153,198
up €153,198 (+5.6%), from €2.8m to €2.9m
Income statement
- Gross operating margin +€696,140
up €696,140 (+88.2%), from €789,214 to €1.5m
- Taxes +€78,951
up €78,951 (+32.0%), from €247,050 to €326,002
- Depreciation -€20,238
down €20,238 (-7.0%), from €289,520 to €269,282
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€55,630
Gross operating margin
+€696,140
Depreciation
+€20,238
Other operating charges
-€2,323
Financial income
+€6
Financial charges
+€8,559
Taxes
-€78,951
Result 2026
€699,299
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€778,624
Investment
+€271,499
Financing
-€540,202
Cash 2025
€2,661
From operations (derived)
+€778,624
Net result for the year
+€699,299
Depreciation
+€269,282
Receivables within one year
-€56,697
Smaller working-capital items
-€716
Trade debts
+€7,147
Tax, wage and social debts
+€50,074
Other debts
-€189,763
Investment (derived)
+€271,499
Investment in fixed assets (net)
+€271,499
Financing
-€540,202
Debts after one year
-€553,266
Current portion of long-term debt
+€13,064
Cash 2026
€512,582
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,321,673 | €9,346,660 | +€24,987 | +0.3% |
| Fixed assets | 21/28 | €8,926,318 | €8,385,537 | -€540,781 | -6.1% |
| Tangible fixed assets | 22/27 | €6,726,349 | €6,185,568 | -€540,781 | -8.0% |
| Land and buildings | 22 | €6,591,349 | €6,081,594 | -€509,754 | -7.7% |
| Furniture and vehicles | 24 | €135,000 | €103,973 | -€31,026 | -23.0% |
| Financial fixed assets | 28 | €2,199,970 | €2,199,970 | = | 0.0% |
| Current assets | 29/58 | €395,355 | €961,123 | +€565,768 | +143% |
| Amounts receivable within one year | 40/41 | €388,751 | €445,449 | +€56,697 | +14.6% |
| Trade receivables | 40 | €28,798 | €122,012 | +€93,214 | +324% |
| Other amounts receivable | 41 | €359,953 | €323,437 | -€36,517 | -10.1% |
| Cash at bank and in hand | 54/58 | €2,661 | €512,582 | +€509,921 | +19,162% |
| Deferred charges and accrued income | 490/1 | €3,943 | €3,092 | -€851 | -21.6% |
| Total equity and liabilities | 10/49 | €9,321,673 | €9,346,660 | +€24,987 | +0.3% |
| Equity | 10/15 | €3,591,443 | €4,290,742 | +€699,299 | +19.5% |
| Contributions | 10/11 | €139,973 | €139,973 | = | 0.0% |
| Capital | 10 | €139,973 | €139,973 | = | 0.0% |
| Issued capital | 100 | €139,973 | €139,973 | = | 0.0% |
| Reserves | 13 | €694,665 | €1,240,766 | +€546,101 | +78.6% |
| Non-distributable reserves | 130/1 | €13,997 | €13,997 | = | 0.0% |
| Legal reserve | 130 | €13,997 | €13,997 | = | 0.0% |
| Tax-exempt reserves | 132 | €171,668 | €167,769 | -€3,899 | -2.3% |
| Distributable reserves | 133 | €509,000 | €1,059,000 | +€550,000 | +108% |
| Profit (loss) carried forward | 14 | €2,756,804 | €2,910,002 | +€153,198 | +5.6% |
| Provisions and deferred taxes | 16 | €59,513 | €57,946 | -€1,567 | -2.6% |
| Deferred taxes | 168 | €59,513 | €57,946 | -€1,567 | -2.6% |
| Amounts payable | 17/49 | €5,670,717 | €4,997,972 | -€672,745 | -11.9% |
| Amounts payable after more than one year | 17 | €3,194,762 | €2,641,495 | -€553,266 | -17.3% |
| Financial debts | 170/4 | €3,194,762 | €2,641,495 | -€553,266 | -17.3% |
| Amounts payable within one year | 42/48 | €2,423,413 | €2,303,935 | -€119,479 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €739,871 | €752,935 | +€13,064 | +1.8% |
| Trade debts | 44 | €11,287 | €18,434 | +€7,147 | +63.3% |
| Suppliers | 440/4 | €11,287 | €18,434 | +€7,147 | +63.3% |
| Taxes, remuneration and social security | 45 | €23,255 | €73,329 | +€50,074 | +215% |
| Taxes | 450/3 | €23,255 | €73,329 | +€50,074 | +215% |
| Other amounts payable | 47/48 | €1,649,000 | €1,459,237 | -€189,763 | -11.5% |
| Accrued charges and deferred income | 492/3 | €52,542 | €52,542 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289,520 | €269,282 | -€20,238 | -7.0% |
| Other operating charges | 640/8 | €51,306 | €53,628 | +€2,323 | +4.5% |
| Gross operating margin | 9900 | €789,214 | €1,485,354 | +€696,140 | +88.2% |
| Operating profit (loss) | 9901 | €448,389 | €1,162,444 | +€714,055 | +159% |
| Financial income | 75/76B | €1 | €7 | +€6 | +711% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +711% |
| Financial charges | 65/66B | €147,275 | €138,717 | -€8,559 | -5.8% |
| Recurring financial charges | 65 | €147,275 | €138,717 | -€8,559 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €301,114 | €1,023,734 | +€722,620 | +240% |
| Transfer from deferred taxes | 780 | €1,567 | €1,567 | = | 0.0% |
| Income taxes | 67/77 | €247,050 | €326,002 | +€78,951 | +32.0% |
| Profit (loss) for the period | 9904 | €55,630 | €699,299 | +€643,668 | +1,157% |
| Transfer from tax-exempt reserves | 789 | €3,899 | €3,899 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,530 | €703,198 | +€643,668 | +1,081% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.