AC Agro: what changed
What changed
AC Agro
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€110,241
2024 · €154,493-€44,252
Equity
€656,963
2024 · €1.1m-€488,009
Cash
€473,197
2024 · €316,341+€156,856
Balance sheet total
€1.6m
2024 · €1.8m-€252,675
Largest movements
Assets
- Receivables after one year -€460,780
down €460,780 (-94.9%), from €485,780 to €25,000
- Cash +€156,856
up €156,856 (+49.6%), from €316,341 to €473,197
mainly Receivables after one year (+€460,780) and Depreciation (+€189,141)
- Tangible fixed assets +€94,104
up €94,104 (+13.8%), from €680,708 to €774,813
of which Leasing and similar rights: +€83,889
- Deferred charges and accrued income -€55,632
down €55,632 (-55.9%), from €99,564 to €43,932
- Stocks and contracts +€24,876
up €24,876 (+33.8%), from €73,651 to €98,526
Equity and liabilities
- Reserves -€488,010
down €488,010 (-42.7%), from €1.1m to €654,957
- Trade debts +€96,799
up €96,799 (+54.7%), from €176,918 to €273,717
- Tax, wage and social debts +€66,789
up €66,789 (+372%), from €17,949 to €84,737
of which Taxes: +€61,796
- Debts after one year +€52,628
up €52,628 (+13.2%), from €398,916 to €451,544
- Current portion of long-term debt +€20,478
up €20,478 (+22.1%), from €92,737 to €113,215
Income statement
- Gross operating margin +€82,256
up €82,256 (+13.2%), from €622,252 to €704,508
- Staff costs +€49,860
up €49,860 (+21.9%), from €227,901 to €277,761
- Depreciation +€26,168
up €26,168 (+16.1%), from €162,974 to €189,141
- Taxes -€18,753
down €18,753 (-27.1%), from €69,277 to €50,524
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€154,493
Gross operating margin
+€82,256
Staff costs
-€49,860
Depreciation
-€26,168
Other operating charges
-€1,592
Other operating items
-€63,784
Financial income
-€1,343
Financial charges
-€2,515
Taxes
+€18,753
Result 2025
€110,241
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€950,838
Investment
-€268,838
Financing
-€525,144
Cash 2024
€316,341
From operations (derived)
+€950,838
Net result for the year
+€110,241
Depreciation
+€189,141
Receivables after one year
+€460,780
Stocks and contracts
-€24,876
Receivables within one year
-€2,309
Deferred charges and accrued income
+€55,632
Trade debts
+€96,799
Tax, wage and social debts
+€66,789
Smaller working-capital items
-€1,360
Investment (derived)
-€268,838
Investment in fixed assets (net)
-€268,838
Financing
-€525,144
Debts after one year
+€52,628
Current portion of long-term debt
+€20,478
Contributions, distributions and other
-€598,250
Cash 2025
€473,197
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,832,852 | €1,580,176 | -€252,675 | -13.8% |
| Fixed assets | 21/28 | €710,752 | €790,448 | +€79,696 | +11.2% |
| Intangible fixed assets | 21 | €29,813 | €15,430 | -€14,383 | -48.2% |
| Tangible fixed assets | 22/27 | €680,708 | €774,813 | +€94,104 | +13.8% |
| Land and buildings | 22 | €258,737 | €242,302 | -€16,435 | -6.4% |
| Plant, machinery and equipment | 23 | €162,801 | €181,966 | +€19,165 | +11.8% |
| Furniture and vehicles | 24 | €137,829 | €145,314 | +€7,485 | +5.4% |
| Leasing and similar rights | 25 | €121,341 | €205,230 | +€83,889 | +69.1% |
| Financial fixed assets | 28 | €231 | €206 | -€26 | -11.1% |
| Current assets | 29/58 | €1,122,100 | €789,728 | -€332,372 | -29.6% |
| Amounts receivable after more than one year | 29 | €485,780 | €25,000 | -€460,780 | -94.9% |
| Other amounts receivable | 291 | €485,780 | €25,000 | -€460,780 | -94.9% |
| Stocks and contracts in progress | 3 | €73,651 | €98,526 | +€24,876 | +33.8% |
| Stocks | 30/36 | €73,651 | €98,526 | +€24,876 | +33.8% |
| Amounts receivable within one year | 40/41 | €146,765 | €149,073 | +€2,309 | +1.6% |
| Trade receivables | 40 | €127,351 | €131,751 | +€4,400 | +3.5% |
| Other amounts receivable | 41 | €19,414 | €17,323 | -€2,091 | -10.8% |
| Cash at bank and in hand | 54/58 | €316,341 | €473,197 | +€156,856 | +49.6% |
| Deferred charges and accrued income | 490/1 | €99,564 | €43,932 | -€55,632 | -55.9% |
| Total equity and liabilities | 10/49 | €1,832,852 | €1,580,176 | -€252,675 | -13.8% |
| Equity | 10/15 | €1,144,972 | €656,963 | -€488,009 | -42.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,142,967 | €654,957 | -€488,010 | -42.7% |
| Distributable reserves | 133 | €1,142,967 | €654,957 | -€488,010 | -42.7% |
| Profit (loss) carried forward | 14 | €1,905 | €1,906 | +€1 | +0.1% |
| Amounts payable | 17/49 | €687,880 | €923,213 | +€235,333 | +34.2% |
| Amounts payable after more than one year | 17 | €398,916 | €451,544 | +€52,628 | +13.2% |
| Financial debts | 170/4 | €398,916 | €451,544 | +€52,628 | +13.2% |
| Amounts payable within one year | 42/48 | €288,723 | €471,669 | +€182,946 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €92,737 | €113,215 | +€20,478 | +22.1% |
| Trade debts | 44 | €176,918 | €273,717 | +€96,799 | +54.7% |
| Suppliers | 440/4 | €176,918 | €273,717 | +€96,799 | +54.7% |
| Taxes, remuneration and social security | 45 | €17,949 | €84,737 | +€66,789 | +372% |
| Taxes | 450/3 | €7,578 | €69,374 | +€61,796 | +815% |
| Remuneration and social security | 454/9 | €10,371 | €15,363 | +€4,993 | +48.1% |
| Other amounts payable | 47/48 | €1,120 | - | -€1,120 | |
| Accrued charges and deferred income | 492/3 | €240 | - | -€240 | |
| Non-recurring operating income | 76A | €41,296 | €1,580 | -€39,717 | -96.2% |
| Remuneration, social security and pensions | 62 | €227,901 | €277,761 | +€49,860 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,974 | €189,141 | +€26,168 | +16.1% |
| Other operating charges | 640/8 | €5,202 | €6,793 | +€1,592 | +30.6% |
| Non-recurring operating charges | 66A | €1,560 | €65,344 | +€63,784 | +4,088% |
| Gross operating margin | 9900 | €622,252 | €704,508 | +€82,256 | +13.2% |
| Operating profit (loss) | 9901 | €224,615 | €165,468 | -€59,147 | -26.3% |
| Financial income | 75/76B | €14,261 | €12,918 | -€1,343 | -9.4% |
| Recurring financial income | 75 | €14,261 | €12,918 | -€1,343 | -9.4% |
| Financial charges | 65/66B | €15,106 | €17,621 | +€2,515 | +16.6% |
| Recurring financial charges | 65 | €15,106 | €17,621 | +€2,515 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €223,770 | €160,765 | -€63,005 | -28.2% |
| Income taxes | 67/77 | €69,277 | €50,524 | -€18,753 | -27.1% |
| Profit (loss) for the period | 9904 | €154,493 | €110,241 | -€44,252 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154,493 | €110,241 | -€44,252 | -28.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.