AACF: 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.
AACF
Largest movements
- Tangible fixed assets +€13,326
up €13,326 (+183%), from €7,284 to €20,611
of which Furniture and vehicles: +€12,405
- Receivables within one year +€10,405
up €10,405 (+96.9%), from €10,744 to €21,149
of which Trade receivables: +€13,060
- Cash +€7,809
up €7,809 (+13.1%), from €59,721 to €67,530
mainly Net result for the year (+€41,407) and Other debts (+€30,905)
- Other debts +€30,905
new in 2026: €30,905
- Trade debts -€1,536
down €1,536 (-23.5%), from €6,538 to €5,002
- Profit (loss) carried forward +€1,407
up €1,407 (+2.2%), from €65,395 to €66,802
- Gross operating margin +€18,333
up €18,333 (+47.3%), from €38,760 to €57,093
- Depreciation +€3,862
up €3,862 (+259%), from €1,491 to €5,353
- Taxes +€609
up €609 (+7.0%), from €8,735 to €9,344
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,024 | €111,949 | +€31,925 | +39.9% |
| Fixed assets | 21/28 | €7,284 | €20,611 | +€13,326 | +183% |
| Tangible fixed assets | 22/27 | €7,284 | €20,611 | +€13,326 | +183% |
| Land and buildings | 22 | €5,545 | €5,369 | -€177 | -3.2% |
| Plant, machinery and equipment | 23 | - | €1,097 | +€1,097 | |
| Furniture and vehicles | 24 | €1,739 | €14,145 | +€12,405 | +713% |
| Current assets | 29/58 | €72,740 | €91,338 | +€18,599 | +25.6% |
| Amounts receivable within one year | 40/41 | €10,744 | €21,149 | +€10,405 | +96.9% |
| Trade receivables | 40 | €8,088 | €21,149 | +€13,060 | +161% |
| Other amounts receivable | 41 | €2,655 | - | -€2,655 | |
| Cash at bank and in hand | 54/58 | €59,721 | €67,530 | +€7,809 | +13.1% |
| Deferred charges and accrued income | 490/1 | €2,275 | €2,660 | +€385 | +16.9% |
| Total equity and liabilities | 10/49 | €80,024 | €111,949 | +€31,925 | +39.9% |
| Equity | 10/15 | €65,895 | €67,302 | +€1,407 | +2.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,395 | €66,802 | +€1,407 | +2.2% |
| Amounts payable | 17/49 | €14,129 | €44,647 | +€30,518 | +216% |
| Amounts payable within one year | 42/48 | €14,129 | €44,509 | +€30,380 | +215% |
| Trade debts | 44 | €6,538 | €5,002 | -€1,536 | -23.5% |
| Suppliers | 440/4 | €6,538 | €5,002 | -€1,536 | -23.5% |
| Taxes, remuneration and social security | 45 | €7,590 | €8,602 | +€1,012 | +13.3% |
| Taxes | 450/3 | €7,590 | €8,602 | +€1,012 | +13.3% |
| Other amounts payable | 47/48 | - | €30,905 | +€30,905 | |
| Accrued charges and deferred income | 492/3 | - | €138 | +€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,491 | €5,353 | +€3,862 | +259% |
| Other operating charges | 640/8 | €148 | €339 | +€191 | +129% |
| Gross operating margin | 9900 | €38,760 | €57,093 | +€18,333 | +47.3% |
| Operating profit (loss) | 9901 | €37,121 | €51,400 | +€14,279 | +38.5% |
| Financial income | 75/76B | €7 | €13 | +€6 | +77.2% |
| Recurring financial income | 75 | €7 | €13 | +€6 | +77.2% |
| Financial charges | 65/66B | €510 | €662 | +€152 | +29.8% |
| Recurring financial charges | 65 | €510 | €662 | +€152 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €36,618 | €50,751 | +€14,133 | +38.6% |
| Income taxes | 67/77 | €8,735 | €9,344 | +€609 | +7.0% |
| Profit (loss) for the period | 9904 | €27,883 | €41,407 | +€13,524 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,883 | €41,407 | +€13,524 | +48.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.