A2CS: 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.
A2CS
Largest movements
- Cash +€62,155
up €62,155 (+60.7%), from €102,350 to €164,505
mainly Net result for the year (+€67,461) and Trade debts (+€2,906)
- Receivables within one year +€8,988
up €8,988 (+22.1%), from €40,716 to €49,704
of which Trade receivables: +€9,544
- Reserves +€66,918
up €66,918 (+48.3%), from €138,516 to €205,434
- Trade debts +€2,906
up €2,906 (+186.2%), from €1,560 to €4,466
- Gross operating margin +€2,568
up €2,568 (+2.6%), from €99,052 to €101,621
- Depreciation -€1,956
down €1,956 (-54.4%), from €3,597 to €1,641
- Taxes +€1,255
up €1,255 (+4.1%), from €30,858 to €32,113
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 | €177,812 | €246,768 | +€68,957 | +38.8% |
| Fixed assets | 21/28 | €6,360 | €4,719 | -€1,641 | -25.8% |
| Tangible fixed assets | 22/27 | €6,260 | €4,619 | -€1,641 | -26.2% |
| Plant, machinery and equipment | 23 | €4,818 | €3,468 | -€1,351 | -28.0% |
| Furniture and vehicles | 24 | €1,442 | €1,152 | -€290 | -20.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €171,452 | €242,049 | +€70,597 | +41.2% |
| Amounts receivable within one year | 40/41 | €40,716 | €49,704 | +€8,988 | +22.1% |
| Trade receivables | 40 | €17,616 | €27,160 | +€9,544 | +54.2% |
| Other amounts receivable | 41 | €23,100 | €22,545 | -€555 | -2.4% |
| Current investments | 50/53 | €27,500 | €27,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,350 | €164,505 | +€62,155 | +60.7% |
| Deferred charges and accrued income | 490/1 | €886 | €340 | -€546 | -61.6% |
| Total equity and liabilities | 10/49 | €177,812 | €246,768 | +€68,957 | +38.8% |
| Equity | 10/15 | €157,116 | €224,034 | +€66,918 | +42.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,516 | €205,434 | +€66,918 | +48.3% |
| Distributable reserves | 133 | €138,516 | €205,434 | +€66,918 | +48.3% |
| Amounts payable | 17/49 | €20,695 | €22,734 | +€2,039 | +9.9% |
| Amounts payable within one year | 42/48 | €15,495 | €17,534 | +€2,039 | +13.2% |
| Trade debts | 44 | €1,560 | €4,466 | +€2,906 | +186.2% |
| Suppliers | 440/4 | €1,560 | €4,466 | +€2,906 | +186.2% |
| Taxes, remuneration and social security | 45 | €13,935 | €13,068 | -€867 | -6.2% |
| Taxes | 450/3 | €12,536 | €11,486 | -€1,050 | -8.4% |
| Remuneration and social security | 454/9 | €1,399 | €1,581 | +€182 | +13.0% |
| Accrued charges and deferred income | 492/3 | €5,200 | €5,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,597 | €1,641 | -€1,956 | -54.4% |
| Other operating charges | 640/8 | €181 | €320 | +€139 | +76.7% |
| Gross operating margin | 9900 | €99,052 | €101,621 | +€2,568 | +2.6% |
| Operating profit (loss) | 9901 | €95,275 | €99,660 | +€4,385 | +4.6% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €60 | €86 | +€26 | +44.2% |
| Recurring financial charges | 65 | €60 | €86 | +€26 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €95,221 | €99,574 | +€4,352 | +4.6% |
| Income taxes | 67/77 | €30,858 | €32,113 | +€1,255 | +4.1% |
| Profit (loss) for the period | 9904 | €64,364 | €67,461 | +€3,097 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,364 | €67,461 | +€3,097 | +4.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.