A & C INVEST: what changed
What changed
A & C INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€45,138
2024 · €23-€45,162
Equity
€1.5m
2024 · €546,977+€954,862
Cash
€126,763
2024 · €6,718+€120,045
Balance sheet total
€2.7m
2024 · €1.8m+€951,565
Largest movements
Assets
- Tangible fixed assets +€859,696
up €859,696 (+49.4%), from €1.7m to €2.6m
of which Land and buildings: +€895,808
- Cash +€120,045
up €120,045 (+1,787%), from €6,718 to €126,763
mainly Contributions, distributions and other (+€1.0m) and Depreciation (+€142,247)
- Current investments -€30,377
no longer reported in 2025 (was €30,377)
Equity and liabilities
- Revaluation surpluses +€1.0m
new in 2025: €1.0m
- Profit (loss) carried forward -€45,138
down €45,138 (-294%), from -€15,336 to -€60,474
- Other debts -€39,898
down €39,898 (-5.5%), from €726,127 to €686,229
Income statement
- Depreciation +€40,872
up €40,872 (+40.3%), from €101,375 to €142,247
- Financial charges +€32,099
up €32,099 (+935%), from €3,433 to €35,531
- Gross operating margin +€26,588
up €26,588 (+21.3%), from €125,096 to €151,684
- Taxes -€7,021
down €7,021 (-92.3%), from €7,608 to €587
- Other operating charges +€6,408
up €6,408 (+49.7%), from €12,904 to €19,313
Change in the result, 2024 to 2025
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 2024
€23
Gross operating margin
+€26,588
Depreciation
-€40,872
Other operating charges
-€6,408
Financial income
+€607
Financial charges
-€32,099
Taxes
+€7,021
Result 2025
-€45,138
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€66,830
Investment
-€971,566
Financing
+€1.0m
Cash 2024
€6,718
From operations (derived)
+€66,830
Net result for the year
-€45,138
Depreciation
+€142,247
Receivables after one year
+€4,623
Receivables within one year
-€6,744
Smaller working-capital items
-€1,370
Trade debts
+€2,576
Tax, wage and social debts
+€10,535
Other debts
-€39,898
Investment (derived)
-€971,566
Investment in fixed assets (net)
-€1.0m
Current investments
+€30,377
Financing
+€1.0m
Debts after one year
+€24,780
Contributions, distributions and other
+€1.0m
Cash 2025
€126,763
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,783,707 | €2,735,272 | +€951,565 | +53.3% |
| Fixed assets | 21/28 | €1,740,316 | €2,600,012 | +€859,696 | +49.4% |
| Tangible fixed assets | 22/27 | €1,740,316 | €2,600,012 | +€859,696 | +49.4% |
| Land and buildings | 22 | €1,535,928 | €2,431,736 | +€895,808 | +58.3% |
| Plant, machinery and equipment | 23 | €11,485 | €7,959 | -€3,526 | -30.7% |
| Furniture and vehicles | 24 | €192,903 | €160,317 | -€32,586 | -16.9% |
| Current assets | 29/58 | €43,391 | €135,259 | +€91,869 | +212% |
| Amounts receivable after more than one year | 29 | €4,623 | - | -€4,623 | |
| Other amounts receivable | 291 | €4,623 | - | -€4,623 | |
| Amounts receivable within one year | 40/41 | €1,672 | €8,416 | +€6,744 | +403% |
| Trade receivables | 40 | - | €1,865 | +€1,865 | |
| Other amounts receivable | 41 | €1,672 | €6,551 | +€4,879 | +292% |
| Current investments | 50/53 | €30,377 | - | -€30,377 | |
| Cash at bank and in hand | 54/58 | €6,718 | €126,763 | +€120,045 | +1,787% |
| Deferred charges and accrued income | 490/1 | - | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €1,783,707 | €2,735,272 | +€951,565 | +53.3% |
| Equity | 10/15 | €546,977 | €1,501,839 | +€954,862 | +175% |
| Contributions | 10/11 | €440,000 | €440,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,000,000 | +€1.0m | |
| Reserves | 13 | €122,313 | €122,313 | = | 0.0% |
| Distributable reserves | 133 | €122,313 | €122,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,336 | -€60,474 | -€45,138 | -294% |
| Amounts payable | 17/49 | €1,236,730 | €1,233,433 | -€3,297 | -0.3% |
| Amounts payable after more than one year | 17 | €500,000 | €524,780 | +€24,780 | +5.0% |
| Other amounts payable | 178/9 | €500,000 | €524,780 | +€24,780 | +5.0% |
| Amounts payable within one year | 42/48 | €735,950 | €707,873 | -€28,077 | -3.8% |
| Trade debts | 44 | €999 | €3,575 | +€2,576 | +258% |
| Suppliers | 440/4 | €999 | €3,575 | +€2,576 | +258% |
| Advances received on contracts in progress | 46 | €1,290 | - | -€1,290 | |
| Taxes, remuneration and social security | 45 | €7,534 | €18,068 | +€10,535 | +140% |
| Taxes | 450/3 | €7,534 | €18,068 | +€10,535 | +140% |
| Other amounts payable | 47/48 | €726,127 | €686,229 | -€39,898 | -5.5% |
| Accrued charges and deferred income | 492/3 | €780 | €780 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,375 | €142,247 | +€40,872 | +40.3% |
| Other operating charges | 640/8 | €12,904 | €19,313 | +€6,408 | +49.7% |
| Gross operating margin | 9900 | €125,096 | €151,684 | +€26,588 | +21.3% |
| Operating profit (loss) | 9901 | €10,817 | -€9,875 | -€20,692 | |
| Financial income | 75/76B | €247 | €855 | +€607 | +246% |
| Recurring financial income | 75 | €247 | €855 | +€607 | +246% |
| Financial charges | 65/66B | €3,433 | €35,531 | +€32,099 | +935% |
| Recurring financial charges | 65 | €3,433 | €35,531 | +€32,099 | +935% |
| Profit (loss) for the period before taxes | 9903 | €7,631 | -€44,552 | -€52,183 | |
| Income taxes | 67/77 | €7,608 | €587 | -€7,021 | -92.3% |
| Profit (loss) for the period | 9904 | €23 | -€45,138 | -€45,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €23 | -€45,138 | -€45,162 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.