AC BELGIUM: 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.
AC BELGIUM
Largest movements
- Receivables within one year -€53,676
down €53,676 (-50.8%), from €105,608 to €51,931
- Tangible fixed assets +€8,843
up €8,843 (+21.8%), from €40,587 to €49,429
of which Furniture and vehicles: +€16,651
- Deferred charges and accrued income -€2,558
no longer reported in 2025 (was €2,558)
- Trade debts -€40,773
down €40,773 (-57.5%), from €70,889 to €30,116
- Debts after one year -€14,044
down €14,044 (-29.2%), from €48,046 to €34,002
- Profit (loss) carried forward +€5,460
up €5,460 (+30.7%), from -€17,774 to -€12,313
- Tax, wage and social debts -€5,064
down €5,064 (-16.3%), from €31,071 to €26,007
of which Taxes: -€11,786
- Other debts +€4,630
up €4,630 (+142%), from €3,251 to €7,881
- Other operating charges -€17,595
down €17,595 (-80.6%), from €21,832 to €4,237
- Staff costs +€16,507
up €16,507 (+16.9%), from €97,814 to €114,322
- Gross operating margin +€14,317
up €14,317 (+10.9%), from €131,793 to €146,109
- Depreciation +€5,286
up €5,286 (+70.0%), from €7,552 to €12,838
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 | €156,603 | €109,725 | -€46,878 | -29.9% |
| Fixed assets | 21/28 | €40,587 | €49,429 | +€8,843 | +21.8% |
| Tangible fixed assets | 22/27 | €40,587 | €49,429 | +€8,843 | +21.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,024 | €20,675 | +€16,651 | +414% |
| Leasing and similar rights | 25 | €36,563 | €28,754 | -€7,809 | -21.4% |
| Current assets | 29/58 | €116,016 | €60,296 | -€55,720 | -48.0% |
| Amounts receivable within one year | 40/41 | €105,608 | €51,931 | -€53,676 | -50.8% |
| Trade receivables | 40 | €105,608 | €51,931 | -€53,676 | -50.8% |
| Cash at bank and in hand | 54/58 | €7,850 | €8,365 | +€515 | +6.6% |
| Deferred charges and accrued income | 490/1 | €2,558 | - | -€2,558 | |
| Total equity and liabilities | 10/49 | €156,603 | €109,725 | -€46,878 | -29.9% |
| Equity | 10/15 | -€9,714 | -€4,253 | +€5,460 | +56.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,774 | -€12,313 | +€5,460 | +30.7% |
| Amounts payable | 17/49 | €166,316 | €113,978 | -€52,338 | -31.5% |
| Amounts payable after more than one year | 17 | €48,046 | €34,002 | -€14,044 | -29.2% |
| Financial debts | 170/4 | €48,046 | €34,002 | -€14,044 | -29.2% |
| Amounts payable within one year | 42/48 | €118,271 | €79,977 | -€38,294 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €13,060 | €15,973 | +€2,913 | +22.3% |
| Trade debts | 44 | €70,889 | €30,116 | -€40,773 | -57.5% |
| Suppliers | 440/4 | €70,889 | €30,116 | -€40,773 | -57.5% |
| Taxes, remuneration and social security | 45 | €31,071 | €26,007 | -€5,064 | -16.3% |
| Taxes | 450/3 | €22,126 | €10,341 | -€11,786 | -53.3% |
| Remuneration and social security | 454/9 | €8,944 | €15,666 | +€6,722 | +75.2% |
| Other amounts payable | 47/48 | €3,251 | €7,881 | +€4,630 | +142% |
| Remuneration, social security and pensions | 62 | €97,814 | €114,322 | +€16,507 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,552 | €12,838 | +€5,286 | +70.0% |
| Other operating charges | 640/8 | €21,832 | €4,237 | -€17,595 | -80.6% |
| Gross operating margin | 9900 | €131,793 | €146,109 | +€14,317 | +10.9% |
| Operating profit (loss) | 9901 | €4,594 | €14,713 | +€10,118 | +220% |
| Financial charges | 65/66B | €4,584 | €4,605 | +€21 | +0.5% |
| Recurring financial charges | 65 | €4,584 | €4,605 | +€21 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €11 | €10,108 | +€10,097 | +94,103% |
| Income taxes | 67/77 | €3,960 | €4,648 | +€688 | +17.4% |
| Profit (loss) for the period | 9904 | -€3,949 | €5,460 | +€9,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,949 | €5,460 | +€9,409 |
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 28 October 2026 via checked.be.