AC Active Construction: 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.
AC Active Construction
Largest movements
- Stocks and contracts +€121,580
up €121,580 (+49.7%), from €244,517 to €366,097
- Profit (loss) carried forward +€180,869
up €180,869 (+85.1%), from -€212,523 to -€31,654
- Other debts -€29,155
down €29,155 (-7.1%), from €410,047 to €380,892
- Short-term financial debts -€11,017
down €11,017 (-36.4%), from €30,299 to €19,281
- Reserves -€10,440
down €10,440 (-8.9%), from €117,264 to €106,824
of which Tax-exempt reserves: -€10,440
- Gross operating margin +€93,958
up €93,958 (+41.0%), from €228,905 to €322,863
- Depreciation +€9,350
up €9,350 (+37.4%), from €24,999 to €34,349
- Taxes +€5,185
up €5,185 (+3058.6%), from €170 to €5,354
- Financial charges +€3,723
up €3,723 (+14.0%), from €26,601 to €30,324
- Staff costs +€3,231
up €3,231 (+4.3%), from €75,629 to €78,859
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €840,938 | €964,139 | +€123,201 | +14.7% |
| Fixed assets | 21/28 | €528,546 | €537,173 | +€8,627 | +1.6% |
| Intangible fixed assets | 21 | €2,029 | €1,337 | -€692 | -34.1% |
| Tangible fixed assets | 22/27 | €526,517 | €535,836 | +€9,319 | +1.8% |
| Land and buildings | 22 | €469,800 | €462,166 | -€7,634 | -1.6% |
| Plant, machinery and equipment | 23 | €25,249 | €50,694 | +€25,445 | +100.8% |
| Furniture and vehicles | 24 | €31,469 | €22,977 | -€8,491 | -27.0% |
| Current assets | 29/58 | €312,392 | €426,966 | +€114,574 | +36.7% |
| Stocks and contracts in progress | 3 | €244,517 | €366,097 | +€121,580 | +49.7% |
| Stocks | 30/36 | €244,517 | €366,097 | +€121,580 | +49.7% |
| Amounts receivable within one year | 40/41 | €66,798 | €60,869 | -€5,929 | -8.9% |
| Trade receivables | 40 | €66,748 | €53,224 | -€13,525 | -20.3% |
| Other amounts receivable | 41 | €50 | €7,646 | +€7,596 | +15280.2% |
| Deferred charges and accrued income | 490/1 | €1,077 | €0 | -€1,077 | -100.0% |
| Total equity and liabilities | 10/49 | €840,938 | €964,139 | +€123,201 | +14.7% |
| Equity | 10/15 | -€33,259 | €137,170 | +€170,430 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €117,264 | €106,824 | -€10,440 | -8.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €111,064 | €100,624 | -€10,440 | -9.4% |
| Profit (loss) carried forward | 14 | -€212,523 | -€31,654 | +€180,869 | +85.1% |
| Provisions and deferred taxes | 16 | €50,484 | €47,004 | -€3,480 | -6.9% |
| Deferred taxes | 168 | €50,484 | €47,004 | -€3,480 | -6.9% |
| Amounts payable | 17/49 | €823,713 | €779,965 | -€43,749 | -5.3% |
| Amounts payable after more than one year | 17 | €304,550 | €295,321 | -€9,229 | -3.0% |
| Financial debts | 170/4 | €304,550 | €295,321 | -€9,229 | -3.0% |
| Amounts payable within one year | 42/48 | €519,163 | €484,643 | -€34,520 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €8,609 | €9,229 | +€620 | +7.2% |
| Financial debts | 43 | €30,299 | €19,281 | -€11,017 | -36.4% |
| Credit institutions | 430/8 | €30,299 | €19,281 | -€11,017 | -36.4% |
| Trade debts | 44 | €18,251 | €25,438 | +€7,187 | +39.4% |
| Suppliers | 440/4 | €18,251 | €25,438 | +€7,187 | +39.4% |
| Taxes, remuneration and social security | 45 | €51,958 | €49,804 | -€2,154 | -4.1% |
| Taxes | 450/3 | €21,864 | €36,643 | +€14,779 | +67.6% |
| Remuneration and social security | 454/9 | €30,094 | €13,161 | -€16,933 | -56.3% |
| Other amounts payable | 47/48 | €410,047 | €380,892 | -€29,155 | -7.1% |
| Remuneration, social security and pensions | 62 | €75,629 | €78,859 | +€3,231 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,999 | €34,349 | +€9,350 | +37.4% |
| Other operating charges | 640/8 | €6,616 | €7,028 | +€412 | +6.2% |
| Gross operating margin | 9900 | €228,905 | €322,863 | +€93,958 | +41.0% |
| Operating profit (loss) | 9901 | €121,662 | €202,627 | +€80,966 | +66.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +633.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +633.3% |
| Financial charges | 65/66B | €26,601 | €30,324 | +€3,723 | +14.0% |
| Recurring financial charges | 65 | €26,601 | €30,324 | +€3,723 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €95,061 | €172,304 | +€77,244 | +81.3% |
| Transfer from deferred taxes | 780 | €2,954 | €3,480 | +€526 | +17.8% |
| Income taxes | 67/77 | €170 | €5,354 | +€5,185 | +3058.6% |
| Profit (loss) for the period | 9904 | €97,845 | €170,430 | +€72,585 | +74.2% |
| Transfer from tax-exempt reserves | 789 | €8,861 | €10,440 | +€1,579 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,706 | €180,869 | +€74,164 | +69.5% |
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 7 October 2026 via checked.be.