AAC GROUP: 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.
AAC GROUP
Largest movements
- Cash +€15,628
up €15,628 (+1,509%), from €1,035 to €16,663
mainly Trade debts (+€29,701) and Tax, wage and social debts (+€19,065)
- Receivables within one year -€13,744
down €13,744 (-18.3%), from €74,970 to €61,226
of which Trade receivables: -€29,253
- Financial fixed assets +€2,183
new in 2025: €2,183
- Tangible fixed assets -€1,391
down €1,391 (-5.2%), from €26,554 to €25,164
- Deferred charges and accrued income -€1,261
down €1,261 (-64.6%), from €1,951 to €690
- Advances received -€51,597
down €51,597 (-100%), from €51,597 to €0
- Trade debts +€29,701
up €29,701 (+387%), from €7,674 to €37,375
- Tax, wage and social debts +€19,065
up €19,065 (+1,047%), from €1,820 to €20,886
- Accrued charges and deferred income +€12,450
new in 2025: €12,450
- Other debts -€6,289
down €6,289 (-100%), from €6,289 to €0
- Gross operating margin +€4,788
up €4,788 (+29.3%), from €16,358 to €21,146
- Financial charges +€3,048
up €3,048 (+180%), from €1,690 to €4,738
- Depreciation +€2,376
up €2,376 (+56.4%), from €4,215 to €6,591
- Other operating charges +€1,367
up €1,367 (+72.6%), from €1,883 to €3,249
- Taxes +€1,143
up €1,143 (+62.8%), from €1,820 to €2,964
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 | €104,511 | €105,926 | +€1,415 | +1.4% |
| Fixed assets | 21/28 | €26,554 | €27,347 | +€792 | +3.0% |
| Tangible fixed assets | 22/27 | €26,554 | €25,164 | -€1,391 | -5.2% |
| Furniture and vehicles | 24 | €26,554 | €25,164 | -€1,391 | -5.2% |
| Financial fixed assets | 28 | - | €2,183 | +€2,183 | |
| Current assets | 29/58 | €77,956 | €78,579 | +€623 | +0.8% |
| Amounts receivable within one year | 40/41 | €74,970 | €61,226 | -€13,744 | -18.3% |
| Trade receivables | 40 | €72,841 | €43,588 | -€29,253 | -40.2% |
| Other amounts receivable | 41 | €2,129 | €17,638 | +€15,509 | +729% |
| Cash at bank and in hand | 54/58 | €1,035 | €16,663 | +€15,628 | +1,509% |
| Deferred charges and accrued income | 490/1 | €1,951 | €690 | -€1,261 | -64.6% |
| Total equity and liabilities | 10/49 | €104,511 | €105,926 | +€1,415 | +1.4% |
| Equity | 10/15 | €9,754 | €13,712 | +€3,958 | +40.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,754 | €10,712 | +€3,958 | +58.6% |
| Distributable reserves | 133 | €6,754 | €10,712 | +€3,958 | +58.6% |
| Amounts payable | 17/49 | €94,757 | €92,214 | -€2,542 | -2.7% |
| Amounts payable after more than one year | 17 | €21,503 | €15,372 | -€6,131 | -28.5% |
| Financial debts | 170/4 | €21,503 | €15,372 | -€6,131 | -28.5% |
| Amounts payable within one year | 42/48 | €73,254 | €64,392 | -€8,861 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €5,874 | €6,131 | +€258 | +4.4% |
| Trade debts | 44 | €7,674 | €37,375 | +€29,701 | +387% |
| Suppliers | 440/4 | €7,674 | €37,375 | +€29,701 | +387% |
| Advances received on contracts in progress | 46 | €51,597 | €0 | -€51,597 | -100% |
| Taxes, remuneration and social security | 45 | €1,820 | €20,886 | +€19,065 | +1,047% |
| Taxes | 450/3 | €1,820 | €20,886 | +€19,065 | +1,047% |
| Other amounts payable | 47/48 | €6,289 | €0 | -€6,289 | -100% |
| Accrued charges and deferred income | 492/3 | - | €12,450 | +€12,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,215 | €6,591 | +€2,376 | +56.4% |
| Other operating charges | 640/8 | €1,883 | €3,249 | +€1,367 | +72.6% |
| Gross operating margin | 9900 | €16,358 | €21,146 | +€4,788 | +29.3% |
| Operating profit (loss) | 9901 | €10,261 | €11,306 | +€1,046 | +10.2% |
| Financial income | 75/76B | €4 | €353 | +€349 | +9,137% |
| Recurring financial income | 75 | €4 | €353 | +€349 | +9,137% |
| Financial charges | 65/66B | €1,690 | €4,738 | +€3,048 | +180% |
| Recurring financial charges | 65 | €1,690 | €4,738 | +€3,048 | +180% |
| Profit (loss) for the period before taxes | 9903 | €8,575 | €6,922 | -€1,653 | -19.3% |
| Income taxes | 67/77 | €1,820 | €2,964 | +€1,143 | +62.8% |
| Profit (loss) for the period | 9904 | €6,754 | €3,958 | -€2,796 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,754 | €3,958 | -€2,796 | -41.4% |
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 23 October 2026 via checked.be.