A-C PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€17,083
down €17,083 (-20.8%), from €82,123 to €65,040
of which Trade receivables: -€16,968
- Stocks and contracts +€9,500
new in 2025: €9,500
- Cash +€1,563
up €1,563 (+86.0%), from €1,818 to €3,381
mainly Receivables within one year (+€17,083) and Other debts (+€6,652)
- Tangible fixed assets -€1,027
down €1,027 (-9.2%), from €11,109 to €10,081
of which Plant, machinery and equipment: -€699
- Tax, wage and social debts -€7,841
down €7,841 (-94.5%), from €8,300 to €459
- Other debts +€6,652
up €6,652 (+250.9%), from €2,652 to €9,304
- Profit (loss) carried forward -€6,433
down €6,433 (-16.2%), from -€39,748 to -€46,181
- Trade debts +€1,824
up €1,824 (+73.9%), from €2,467 to €4,291
- Gross operating margin -€22,183
down €22,183, from €20,830 to -€1,353
- Depreciation +€1,495
up €1,495 (+108.6%), from €1,377 to €2,872
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,014 | €92,873 | -€6,142 | -6.2% |
| Fixed assets | 21/28 | €13,221 | €12,193 | -€1,027 | -7.8% |
| Tangible fixed assets | 22/27 | €11,109 | €10,081 | -€1,027 | -9.2% |
| Plant, machinery and equipment | 23 | €10,323 | €9,624 | -€699 | -6.8% |
| Furniture and vehicles | 24 | €786 | €458 | -€328 | -41.8% |
| Financial fixed assets | 28 | €2,112 | €2,112 | = | 0.0% |
| Current assets | 29/58 | €85,794 | €80,679 | -€5,114 | -6.0% |
| Stocks and contracts in progress | 3 | - | €9,500 | +€9,500 | |
| Stocks | 30/36 | - | €9,500 | +€9,500 | |
| Amounts receivable within one year | 40/41 | €82,123 | €65,040 | -€17,083 | -20.8% |
| Trade receivables | 40 | €82,008 | €65,040 | -€16,968 | -20.7% |
| Other amounts receivable | 41 | €115 | €0 | -€115 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,818 | €3,381 | +€1,563 | +86.0% |
| Deferred charges and accrued income | 490/1 | €1,853 | €2,759 | +€906 | +48.9% |
| Total equity and liabilities | 10/49 | €99,014 | €92,873 | -€6,142 | -6.2% |
| Equity | 10/15 | €60,571 | €53,819 | -€6,752 | -11.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €319 | €0 | -€319 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €319 | €0 | -€319 | -100.0% |
| Profit (loss) carried forward | 14 | -€39,748 | -€46,181 | -€6,433 | -16.2% |
| Amounts payable | 17/49 | €38,443 | €39,053 | +€610 | +1.6% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,443 | €14,053 | +€610 | +4.5% |
| Financial debts | 43 | €24 | €0 | -€24 | -100.0% |
| Credit institutions | 430/8 | €24 | €0 | -€24 | -100.0% |
| Trade debts | 44 | €2,467 | €4,291 | +€1,824 | +73.9% |
| Suppliers | 440/4 | €2,467 | €4,291 | +€1,824 | +73.9% |
| Taxes, remuneration and social security | 45 | €8,300 | €459 | -€7,841 | -94.5% |
| Taxes | 450/3 | €8,300 | €459 | -€7,841 | -94.5% |
| Other amounts payable | 47/48 | €2,652 | €9,304 | +€6,652 | +250.9% |
| Non-recurring operating income | 76A | €399 | €0 | -€399 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,377 | €2,872 | +€1,495 | +108.6% |
| Other operating charges | 640/8 | €1,786 | €1,764 | -€21 | -1.2% |
| Gross operating margin | 9900 | €20,830 | -€1,353 | -€22,183 | |
| Operating profit (loss) | 9901 | €17,668 | -€5,989 | -€23,657 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €751 | €576 | -€175 | -23.3% |
| Recurring financial charges | 65 | €751 | €576 | -€175 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €16,917 | -€6,565 | -€23,482 | |
| Income taxes | 67/77 | €185 | €187 | +€2 | +1.3% |
| Profit (loss) for the period | 9904 | €16,732 | -€6,752 | -€23,484 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,732 | -€6,752 | -€23,484 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.