A-C Properties: 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 Properties
Largest movements
- Tangible fixed assets -€74,801
down €74,801 (-2.6%), from €2.8m to €2.8m
of which Land and buildings: -€73,486
- Cash -€31,056
down €31,056 (-29.2%), from €106,255 to €75,199
mainly Debts after one year (-€149,495) and Other debts (-€54,752)
- Debts after one year -€149,495
down €149,495 (-8.3%), from €1.8m to €1.6m
- Reserves +€87,077
up €87,077 (+99.6%), from €87,402 to €174,479
- Other debts -€54,752
down €54,752 (-8.4%), from €655,666 to €600,914
- Gross operating margin +€6,615
up €6,615 (+2.7%), from €249,250 to €255,864
- Taxes +€2,738
up €2,738 (+8.5%), from €32,173 to €34,911
- Financial charges -€2,703
down €2,703 (-8.0%), from €33,863 to €31,160
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 | €2,945,763 | €2,844,757 | -€101,006 | -3.4% |
| Fixed assets | 21/28 | €2,827,832 | €2,753,031 | -€74,801 | -2.6% |
| Tangible fixed assets | 22/27 | €2,827,832 | €2,753,031 | -€74,801 | -2.6% |
| Land and buildings | 22 | €2,822,261 | €2,748,775 | -€73,486 | -2.6% |
| Plant, machinery and equipment | 23 | €5,571 | €4,256 | -€1,315 | -23.6% |
| Current assets | 29/58 | €117,931 | €91,726 | -€26,205 | -22.2% |
| Amounts receivable within one year | 40/41 | €4,906 | €13,249 | +€8,343 | +170.1% |
| Trade receivables | 40 | €4,356 | €9,196 | +€4,840 | +111.1% |
| Other amounts receivable | 41 | €550 | €4,053 | +€3,503 | +636.9% |
| Cash at bank and in hand | 54/58 | €106,255 | €75,199 | -€31,056 | -29.2% |
| Deferred charges and accrued income | 490/1 | €6,770 | €3,278 | -€3,492 | -51.6% |
| Total equity and liabilities | 10/49 | €2,945,763 | €2,844,757 | -€101,006 | -3.4% |
| Equity | 10/15 | €287,402 | €374,479 | +€87,077 | +30.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €87,402 | €174,479 | +€87,077 | +99.6% |
| Distributable reserves | 133 | €87,402 | €174,479 | +€87,077 | +99.6% |
| Amounts payable | 17/49 | €2,658,361 | €2,470,278 | -€188,083 | -7.1% |
| Amounts payable after more than one year | 17 | €1,796,721 | €1,647,226 | -€149,495 | -8.3% |
| Financial debts | 170/4 | €1,796,721 | €1,647,226 | -€149,495 | -8.3% |
| Amounts payable within one year | 42/48 | €861,388 | €822,837 | -€38,551 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €147,150 | €149,495 | +€2,346 | +1.6% |
| Trade debts | 44 | €3,888 | €1,833 | -€2,055 | -52.9% |
| Suppliers | 440/4 | €3,888 | €1,833 | -€2,055 | -52.9% |
| Advances received on contracts in progress | 46 | €9,998 | €17,185 | +€7,187 | +71.9% |
| Taxes, remuneration and social security | 45 | €44,686 | €53,409 | +€8,723 | +19.5% |
| Taxes | 450/3 | €44,686 | €53,409 | +€8,723 | +19.5% |
| Other amounts payable | 47/48 | €655,666 | €600,914 | -€54,752 | -8.4% |
| Accrued charges and deferred income | 492/3 | €252 | €215 | -€37 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,846 | €74,801 | +€955 | +1.3% |
| Other operating charges | 640/8 | €27,656 | €28,744 | +€1,088 | +3.9% |
| Gross operating margin | 9900 | €249,250 | €255,864 | +€6,615 | +2.7% |
| Operating profit (loss) | 9901 | €147,748 | €152,319 | +€4,572 | +3.1% |
| Financial income | 75/76B | €254 | €829 | +€575 | +226.2% |
| Recurring financial income | 75 | €254 | €829 | +€575 | +226.2% |
| Financial charges | 65/66B | €33,863 | €31,160 | -€2,703 | -8.0% |
| Recurring financial charges | 65 | €33,863 | €31,160 | -€2,703 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €114,139 | €121,988 | +€7,849 | +6.9% |
| Income taxes | 67/77 | €32,173 | €34,911 | +€2,738 | +8.5% |
| Profit (loss) for the period | 9904 | €81,966 | €87,077 | +€5,111 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,966 | €87,077 | +€5,111 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.