A&C Retail: what changed
Two financial 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 Retail
Largest movements
- Tangible fixed assets +€773,806
up €773,806 (+1,142%), from €67,763 to €841,569
of which Land and buildings: +€768,098
- Receivables within one year +€40,905
up €40,905 (+103%), from €39,708 to €80,613
of which Trade receivables: +€28,905
- Debts after one year +€569,258
new in 2025: €569,258
- Reserves +€306,105
new in 2025: €306,105
- Profit (loss) carried forward -€225,290
down €225,290 (-100%), from €225,290 to €0
- Other debts +€134,141
up €134,141 (+1,498%), from €8,955 to €143,096
- Current portion of long-term debt +€21,555
new in 2025: €21,555
- Financial income -€147,288
down €147,288 (-98.1%), from €150,204 to €2,915
- Gross operating margin +€48,140
up €48,140 (+51.5%), from €93,388 to €141,528
- Depreciation +€18,105
up €18,105 (+2,438%), from €743 to €18,848
- Financial charges +€14,053
up €14,053 (+343%), from €4,095 to €18,148
- Taxes +€4,686
up €4,686 (+27.5%), from €17,011 to €21,697
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.
Derived cash bridge
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 | €278,805 | €1,097,432 | +€818,627 | +294% |
| Fixed assets | 21/28 | €81,763 | €855,569 | +€773,806 | +946% |
| Tangible fixed assets | 22/27 | €67,763 | €841,569 | +€773,806 | +1,142% |
| Land and buildings | 22 | €66,850 | €834,948 | +€768,098 | +1,149% |
| Furniture and vehicles | 24 | €913 | €6,621 | +€5,708 | +625% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €197,042 | €241,863 | +€44,821 | +22.7% |
| Amounts receivable within one year | 40/41 | €39,708 | €80,613 | +€40,905 | +103% |
| Trade receivables | 40 | €15,910 | €44,815 | +€28,905 | +182% |
| Other amounts receivable | 41 | €23,798 | €35,798 | +€12,000 | +50.4% |
| Current investments | 50/53 | €51,250 | €60,249 | +€8,999 | +17.6% |
| Cash at bank and in hand | 54/58 | €105,228 | €100,320 | -€4,908 | -4.7% |
| Deferred charges and accrued income | 490/1 | €856 | €682 | -€175 | -20.4% |
| Total equity and liabilities | 10/49 | €278,805 | €1,097,432 | +€818,627 | +294% |
| Equity | 10/15 | €226,790 | €307,605 | +€80,814 | +35.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €306,105 | +€306,105 | |
| Distributable reserves | 133 | - | €306,105 | +€306,105 | |
| Profit (loss) carried forward | 14 | €225,290 | €0 | -€225,290 | -100% |
| Amounts payable | 17/49 | €52,015 | €789,828 | +€737,813 | +1,418% |
| Amounts payable after more than one year | 17 | - | €569,258 | +€569,258 | |
| Financial debts | 170/4 | - | €569,258 | +€569,258 | |
| Amounts payable within one year | 42/48 | €52,015 | €220,570 | +€168,555 | +324% |
| Current portion of amounts payable after more than one year | 42 | - | €21,555 | +€21,555 | |
| Trade debts | 44 | €7,196 | €8,725 | +€1,529 | +21.2% |
| Suppliers | 440/4 | €7,196 | €8,725 | +€1,529 | +21.2% |
| Taxes, remuneration and social security | 45 | €35,864 | €47,194 | +€11,330 | +31.6% |
| Taxes | 450/3 | €35,864 | €47,194 | +€11,330 | +31.6% |
| Other amounts payable | 47/48 | €8,955 | €143,096 | +€134,141 | +1,498% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €18,848 | +€18,105 | +2,438% |
| Other operating charges | 640/8 | €1,084 | €4,936 | +€3,852 | +355% |
| Non-recurring operating charges | 66A | €5,985 | €0 | -€5,985 | -100% |
| Gross operating margin | 9900 | €93,388 | €141,528 | +€48,140 | +51.5% |
| Operating profit (loss) | 9901 | €85,577 | €117,744 | +€32,167 | +37.6% |
| Financial income | 75/76B | €150,204 | €2,915 | -€147,288 | -98.1% |
| Recurring financial income | 75 | €150,204 | €2,915 | -€147,288 | -98.1% |
| Financial charges | 65/66B | €4,095 | €18,148 | +€14,053 | +343% |
| Recurring financial charges | 65 | €4,095 | €18,148 | +€14,053 | +343% |
| Profit (loss) for the period before taxes | 9903 | €231,685 | €102,511 | -€129,174 | -55.8% |
| Income taxes | 67/77 | €17,011 | €21,697 | +€4,686 | +27.5% |
| Profit (loss) for the period | 9904 | €214,674 | €80,814 | -€133,860 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €214,674 | €80,814 | -€133,860 | -62.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.