A2CR: 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.
A2CR
Largest movements
- Receivables within one year -€45,055
down €45,055 (-6.2%), from €727,651 to €682,596
of which Other amounts receivable: -€45,055
- Deferred charges and accrued income -€36,000
no longer reported in 2025 (was €36,000)
- Reserves -€1.4m
down €1.4m (-97.5%), from €1.5m to €37,500
- Profit (loss) carried forward +€1.4m
up €1.4m, from -€1.0m to €374,272
- Tax, wage and social debts +€498,405
up €498,405 (+4611.0%), from €10,809 to €509,214
- Provisions -€482,935
no longer reported in 2025 (was €482,935)
- Debts after one year -€108,468
down €108,468 (-7.3%), from €1.5m to €1.4m
of which Other amounts payable: -€103,519
- Gross operating margin +€1.9m
up €1.9m (+1190.4%), from €161,384 to €2.1m
- Taxes +€439,429
up €439,429 (+704.3%), from €62,396 to €501,826
- Other operating charges +€37,448
up €37,448 (+355.1%), from €10,547 to €47,996
- Depreciation +€20,947
up €20,947 (+23.0%), from €90,877 to €111,824
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 | €2,706,901 | €2,596,499 | -€110,403 | -4.1% |
| Fixed assets | 21/28 | €1,859,692 | €1,838,037 | -€21,654 | -1.2% |
| Intangible fixed assets | 21 | €51,814 | €46,314 | -€5,500 | -10.6% |
| Tangible fixed assets | 22/27 | €1,807,878 | €1,791,723 | -€16,154 | -0.9% |
| Land and buildings | 22 | €1,660,720 | €1,584,358 | -€76,362 | -4.6% |
| Plant, machinery and equipment | 23 | €24,456 | €19,392 | -€5,064 | -20.7% |
| Furniture and vehicles | 24 | €3,763 | - | -€3,763 | |
| Other tangible fixed assets | 26 | €118,938 | €187,973 | +€69,035 | +58.0% |
| Current assets | 29/58 | €847,209 | €758,461 | -€88,748 | -10.5% |
| Amounts receivable within one year | 40/41 | €727,651 | €682,596 | -€45,055 | -6.2% |
| Trade receivables | 40 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €727,151 | €682,096 | -€45,055 | -6.2% |
| Cash at bank and in hand | 54/58 | €83,559 | €75,865 | -€7,693 | -9.2% |
| Deferred charges and accrued income | 490/1 | €36,000 | - | -€36,000 | |
| Total equity and liabilities | 10/49 | €2,706,901 | €2,596,499 | -€110,403 | -4.1% |
| Equity | 10/15 | €557,708 | €493,172 | -€64,536 | -11.6% |
| Contributions | 10/11 | €81,400 | €81,400 | = | 0.0% |
| Reserves | 13 | €1,486,306 | €37,500 | -€1.4m | -97.5% |
| Tax-exempt reserves | 132 | €1,486,306 | €37,500 | -€1.4m | -97.5% |
| Profit (loss) carried forward | 14 | -€1,009,998 | €374,272 | +€1.4m | |
| Provisions and deferred taxes | 16 | €482,935 | - | -€482,935 | |
| Deferred taxes | 168 | €482,935 | - | -€482,935 | |
| Amounts payable | 17/49 | €1,666,258 | €2,103,327 | +€437,069 | +26.2% |
| Amounts payable after more than one year | 17 | €1,488,775 | €1,380,307 | -€108,468 | -7.3% |
| Financial debts | 170/4 | €1,385,256 | €1,380,307 | -€4,949 | -0.4% |
| Other amounts payable | 178/9 | €103,519 | - | -€103,519 | |
| Amounts payable within one year | 42/48 | €177,483 | €723,020 | +€545,537 | +307.4% |
| Current portion of amounts payable after more than one year | 42 | €107,373 | €85,649 | -€21,724 | -20.2% |
| Financial debts | 43 | €21,305 | - | -€21,305 | |
| Other loans | 439 | €21,305 | - | -€21,305 | |
| Trade debts | 44 | €132 | €53 | -€79 | -59.7% |
| Suppliers | 440/4 | €132 | €53 | -€79 | -59.7% |
| Taxes, remuneration and social security | 45 | €10,809 | €509,214 | +€498,405 | +4611.0% |
| Taxes | 450/3 | €10,809 | €509,214 | +€498,405 | +4611.0% |
| Other amounts payable | 47/48 | €37,865 | €128,104 | +€90,239 | +238.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,877 | €111,824 | +€20,947 | +23.0% |
| Other operating charges | 640/8 | €10,547 | €47,996 | +€37,448 | +355.1% |
| Gross operating margin | 9900 | €161,384 | €2,082,475 | +€1.9m | +1190.4% |
| Operating profit (loss) | 9901 | €59,960 | €1,922,656 | +€1.9m | +3106.6% |
| Financial income | 75/76B | €998 | €371 | -€627 | -62.8% |
| Recurring financial income | 75 | €998 | €371 | -€627 | -62.8% |
| Financial charges | 65/66B | €26,248 | €36,931 | +€10,684 | +40.7% |
| Recurring financial charges | 65 | €26,248 | €36,931 | +€10,684 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €34,710 | €1,886,095 | +€1.9m | +5333.8% |
| Transfer from deferred taxes | 780 | €43,605 | - | -€43,605 | |
| Income taxes | 67/77 | €62,396 | €501,826 | +€439,429 | +704.3% |
| Profit (loss) for the period | 9904 | €15,919 | €1,384,269 | +€1.4m | +8595.6% |
| Transfer from tax-exempt reserves | 789 | €79,320 | - | -€79,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,240 | €1,384,269 | +€1.3m | +1353.5% |
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 3 October 2026 via checked.be.