A.C. PROJECT: 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.
A.C. PROJECT
Largest movements
- Receivables within one year +€232,322
up €232,322 (+799.9%), from €29,044 to €261,367
- Tangible fixed assets -€92,104
down €92,104 (-46.9%), from €196,205 to €104,101
of which Land and buildings: -€90,801
- Stocks and contracts -€38,003
down €38,003 (-98.5%), from €38,573 to €570
of which Stocks: -€31,930
- Profit (loss) carried forward +€117,846
up €117,846 (+40.6%), from -€290,523 to -€172,676
- Other debts -€13,016
no longer reported in 2024 (was €13,016)
- Trade debts -€4,826
no longer reported in 2024 (was €4,826)
- Gross operating margin +€225,632
up €225,632, from -€15,288 to €210,344
- Write-downs +€87,985
new in 2024: €87,985
- Depreciation -€15,566
down €15,566 (-57.9%), from €26,871 to €11,305
- Financial income +€6,792
new in 2024: €6,792
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,319 | €372,324 | +€100,005 | +36.7% |
| Fixed assets | 21/28 | €196,205 | €104,101 | -€92,104 | -46.9% |
| Tangible fixed assets | 22/27 | €196,205 | €104,101 | -€92,104 | -46.9% |
| Land and buildings | 22 | €175,969 | €85,169 | -€90,801 | -51.6% |
| Plant, machinery and equipment | 23 | €20,236 | €18,932 | -€1,304 | -6.4% |
| Current assets | 29/58 | €76,114 | €268,223 | +€192,109 | +252.4% |
| Stocks and contracts in progress | 3 | €38,573 | €570 | -€38,003 | -98.5% |
| Stocks | 30/36 | €32,500 | €570 | -€31,930 | -98.2% |
| Contracts in progress | 37 | €6,073 | - | -€6,073 | |
| Amounts receivable within one year | 40/41 | €29,044 | €261,367 | +€232,322 | +799.9% |
| Other amounts receivable | 41 | €29,044 | €261,367 | +€232,322 | +799.9% |
| Cash at bank and in hand | 54/58 | €8,497 | €6,286 | -€2,210 | -26.0% |
| Total equity and liabilities | 10/49 | €272,319 | €372,324 | +€100,005 | +36.7% |
| Equity | 10/15 | €254,477 | €372,324 | +€117,846 | +46.3% |
| Contributions | 10/11 | €545,000 | €545,000 | = | 0.0% |
| Capital | 10 | €545,000 | €545,000 | = | 0.0% |
| Issued capital | 100 | €545,000 | €545,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,523 | -€172,676 | +€117,846 | +40.6% |
| Amounts payable | 17/49 | €17,841 | - | -€17,841 | |
| Amounts payable within one year | 42/48 | €17,841 | - | -€17,841 | |
| Trade debts | 44 | €4,826 | - | -€4,826 | |
| Suppliers | 440/4 | €4,826 | - | -€4,826 | |
| Other amounts payable | 47/48 | €13,016 | - | -€13,016 | |
| Non-recurring operating income | 76A | €2,500 | €280,688 | +€278,188 | +11127.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,871 | €11,305 | -€15,566 | -57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €87,985 | +€87,985 | |
| Gross operating margin | 9900 | -€15,288 | €210,344 | +€225,632 | |
| Operating profit (loss) | 9901 | -€42,159 | €111,055 | +€153,214 | |
| Financial income | 75/76B | - | €6,792 | +€6,792 | |
| Recurring financial income | 75 | - | €6,792 | +€6,792 | |
| Profit (loss) for the period before taxes | 9903 | -€42,159 | €117,846 | +€160,005 | |
| Profit (loss) for the period | 9904 | -€42,159 | €117,846 | +€160,005 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,159 | €117,846 | +€160,005 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.