A&C VERSPAGET: 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 VERSPAGET
Largest movements
- Cash +€7,713
up €7,713 (+11.6%), from €66,642 to €74,355
mainly Depreciation (+€12,190) and Net result for the year (+€12,130)
- Receivables within one year +€6,360
up €6,360 (+50.9%), from €12,504 to €18,864
of which Other amounts receivable: +€4,776
- Tangible fixed assets -€3,921
down €3,921 (-12.1%), from €32,315 to €28,395
of which Furniture and vehicles: -€2,705
- Receivables after one year -€2,677
down €2,677 (-50.8%), from €5,272 to €2,595
- Reserves +€12,130
up €12,130 (+21.2%), from €57,170 to €69,300
- Debts after one year -€7,530
down €7,530 (-51.1%), from €14,747 to €7,217
- Tax, wage and social debts +€5,154
up €5,154 (+287%), from €1,798 to €6,952
of which Taxes: +€2,828
- Other debts -€3,350
no longer reported in 2025 (was €3,350)
- Gross operating margin +€5,766
up €5,766 (+22.4%), from €25,701 to €31,467
- Depreciation -€3,021
down €3,021 (-19.9%), from €15,211 to €12,190
- Taxes +€2,254
up €2,254 (+74.7%), from €3,019 to €5,273
- Financial charges -€560
down €560 (-35.2%), from €1,592 to €1,032
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 | €118,909 | €126,674 | +€7,764 | +6.5% |
| Fixed assets | 21/28 | €32,315 | €28,395 | -€3,921 | -12.1% |
| Tangible fixed assets | 22/27 | €32,315 | €28,395 | -€3,921 | -12.1% |
| Plant, machinery and equipment | 23 | €464 | - | -€464 | |
| Furniture and vehicles | 24 | €26,696 | €23,991 | -€2,705 | -10.1% |
| Other tangible fixed assets | 26 | €5,155 | €4,403 | -€751 | -14.6% |
| Current assets | 29/58 | €86,594 | €98,279 | +€11,685 | +13.5% |
| Amounts receivable after more than one year | 29 | €5,272 | €2,595 | -€2,677 | -50.8% |
| Trade receivables | 290 | €5,272 | €2,595 | -€2,677 | -50.8% |
| Amounts receivable within one year | 40/41 | €12,504 | €18,864 | +€6,360 | +50.9% |
| Trade receivables | 40 | - | €1,584 | +€1,584 | |
| Other amounts receivable | 41 | €12,504 | €17,279 | +€4,776 | +38.2% |
| Cash at bank and in hand | 54/58 | €66,642 | €74,355 | +€7,713 | +11.6% |
| Deferred charges and accrued income | 490/1 | €2,176 | €2,464 | +€289 | +13.3% |
| Total equity and liabilities | 10/49 | €118,909 | €126,674 | +€7,764 | +6.5% |
| Equity | 10/15 | €91,390 | €103,520 | +€12,130 | +13.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €57,170 | €69,300 | +€12,130 | +21.2% |
| Distributable reserves | 133 | €57,170 | €69,300 | +€12,130 | +21.2% |
| Profit (loss) carried forward | 14 | €33,219 | €33,219 | = | 0.0% |
| Amounts payable | 17/49 | €27,519 | €23,154 | -€4,366 | -15.9% |
| Amounts payable after more than one year | 17 | €14,747 | €7,217 | -€7,530 | -51.1% |
| Financial debts | 170/4 | €14,747 | €7,217 | -€7,530 | -51.1% |
| Amounts payable within one year | 42/48 | €12,741 | €15,936 | +€3,195 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €7,188 | €7,530 | +€342 | +4.8% |
| Trade debts | 44 | €406 | €1,454 | +€1,049 | +259% |
| Suppliers | 440/4 | €406 | €1,454 | +€1,049 | +259% |
| Taxes, remuneration and social security | 45 | €1,798 | €6,952 | +€5,154 | +287% |
| Taxes | 450/3 | €1,798 | €4,626 | +€2,828 | +157% |
| Remuneration and social security | 454/9 | - | €2,325 | +€2,325 | |
| Other amounts payable | 47/48 | €3,350 | - | -€3,350 | |
| Accrued charges and deferred income | 492/3 | €31 | - | -€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,211 | €12,190 | -€3,021 | -19.9% |
| Other operating charges | 640/8 | €1,433 | €1,233 | -€200 | -14.0% |
| Gross operating margin | 9900 | €25,701 | €31,467 | +€5,766 | +22.4% |
| Operating profit (loss) | 9901 | €9,057 | €18,044 | +€8,987 | +99.2% |
| Financial income | 75/76B | €160 | €391 | +€231 | +144% |
| Recurring financial income | 75 | €160 | €391 | +€231 | +144% |
| Financial charges | 65/66B | €1,592 | €1,032 | -€560 | -35.2% |
| Recurring financial charges | 65 | €1,592 | €1,032 | -€560 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €7,625 | €17,403 | +€9,778 | +128% |
| Income taxes | 67/77 | €3,019 | €5,273 | +€2,254 | +74.7% |
| Profit (loss) for the period | 9904 | €4,606 | €12,130 | +€7,524 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €4,606 | €12,130 | +€7,524 | +163% |
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 27 October 2026 via checked.be.