AC Concept: 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 Concept
Largest movements
- Receivables within one year -€98,237
down €98,237 (-56.2%), from €174,720 to €76,483
of which Trade receivables: -€172,765
- Cash -€87,781
down €87,781 (-98.9%), from €88,757 to €975
mainly Other debts (-€150,411) and Contributions, distributions and other (-€47,000)
- Deferred charges and accrued income -€2,954
down €2,954 (-94.6%), from €3,122 to €168
- Other debts -€150,411
down €150,411 (-75.4%), from €199,381 to €48,970
- Trade debts -€22,416
down €22,416 (-99.0%), from €22,645 to €230
- Profit (loss) carried forward -€18,455
down €18,455 (-69.8%), from €26,422 to €7,966
- Other operating charges -€114,600
down €114,600 (-97.0%), from €118,117 to €3,518
- Gross operating margin -€21,646
down €21,646 (-40.2%), from €53,903 to €32,257
- Financial charges -€19,004
down €19,004 (-98.0%), from €19,402 to €397
- Depreciation -€675
no longer reported in 2025 (was €675)
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
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 | €268,908 | €77,626 | -€191,282 | -71.1% |
| Fixed assets | 21/28 | €2,310 | - | -€2,310 | |
| Tangible fixed assets | 22/27 | €2,310 | - | -€2,310 | |
| Plant, machinery and equipment | 23 | €1,097 | - | -€1,097 | |
| Furniture and vehicles | 24 | €1,212 | - | -€1,212 | |
| Current assets | 29/58 | €266,599 | €77,626 | -€188,972 | -70.9% |
| Amounts receivable within one year | 40/41 | €174,720 | €76,483 | -€98,237 | -56.2% |
| Trade receivables | 40 | €172,765 | - | -€172,765 | |
| Other amounts receivable | 41 | €1,955 | €76,483 | +€74,527 | +3811.2% |
| Cash at bank and in hand | 54/58 | €88,757 | €975 | -€87,781 | -98.9% |
| Deferred charges and accrued income | 490/1 | €3,122 | €168 | -€2,954 | -94.6% |
| Total equity and liabilities | 10/49 | €268,908 | €77,626 | -€191,282 | -71.1% |
| Equity | 10/15 | €46,882 | €28,426 | -€18,455 | -39.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,422 | €7,966 | -€18,455 | -69.8% |
| Amounts payable | 17/49 | €222,027 | €49,200 | -€172,827 | -77.8% |
| Amounts payable within one year | 42/48 | €222,027 | €49,200 | -€172,827 | -77.8% |
| Trade debts | 44 | €22,645 | €230 | -€22,416 | -99.0% |
| Suppliers | 440/4 | €22,645 | €230 | -€22,416 | -99.0% |
| Other amounts payable | 47/48 | €199,381 | €48,970 | -€150,411 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | - | -€675 | |
| Other operating charges | 640/8 | €118,117 | €3,518 | -€114,600 | -97.0% |
| Non-recurring operating charges | 66A | €24,622 | - | -€24,622 | |
| Gross operating margin | 9900 | €53,903 | €32,257 | -€21,646 | -40.2% |
| Operating profit (loss) | 9901 | -€89,511 | €28,739 | +€118,250 | |
| Financial income | 75/76B | €130 | €203 | +€73 | +55.7% |
| Recurring financial income | 75 | €130 | €203 | +€73 | +55.7% |
| Financial charges | 65/66B | €19,402 | €397 | -€19,004 | -98.0% |
| Recurring financial charges | 65 | €19,402 | €397 | -€19,004 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | -€108,782 | €28,545 | +€137,327 | |
| Profit (loss) for the period | 9904 | -€108,782 | €28,545 | +€137,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€108,782 | €28,545 | +€137,327 |
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 10 October 2026 via checked.be.