AC CORPORATE: 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 CORPORATE
Largest movements
- Receivables within one year +€577,608
up €577,608 (+2,646%), from €21,830 to €599,437
of which Trade receivables: +€582,571
- Tangible fixed assets +€437,837
up €437,837 (+1,883%), from €23,251 to €461,088
of which Land and buildings: +€452,017
- Cash -€21,840
down €21,840 (-29.5%), from €73,985 to €52,145
mainly Receivables within one year (-€577,608) and Investment in fixed assets (net) (-€452,808)
- Trade debts +€484,216
up €484,216 (+6,149%), from €7,875 to €492,091
- Debts after one year +€461,930
new in 2025: €461,930
- Other debts +€87,863
new in 2025: €87,863
- Reserves -€78,500
down €78,500 (-77.6%), from €101,100 to €22,600
- Current portion of long-term debt +€26,070
new in 2025: €26,070
- Gross operating margin +€14,621
up €14,621 (+38.9%), from €37,600 to €52,221
- Depreciation +€10,455
up €10,455 (+204%), from €5,131 to €15,586
- Other operating charges +€3,473
up €3,473 (+479%), from €726 to €4,198
- Taxes +€1,467
up €1,467 (+22.4%), from €6,560 to €8,026
- Staff costs -€1,327
down €1,327 (-80.0%), from €1,658 to €332
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 | €160,455 | €1,154,219 | +€993,765 | +619% |
| Fixed assets | 21/28 | €24,033 | €461,255 | +€437,222 | +1,819% |
| Intangible fixed assets | 21 | €782 | €167 | -€615 | -78.6% |
| Tangible fixed assets | 22/27 | €23,251 | €461,088 | +€437,837 | +1,883% |
| Land and buildings | 22 | - | €452,017 | +€452,017 | |
| Furniture and vehicles | 24 | €9,633 | €9,070 | -€563 | -5.8% |
| Other tangible fixed assets | 26 | €13,617 | - | -€13,617 | |
| Current assets | 29/58 | €136,422 | €692,965 | +€556,543 | +408% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,830 | €599,437 | +€577,608 | +2,646% |
| Trade receivables | 40 | €16,866 | €599,437 | +€582,571 | +3,454% |
| Other amounts receivable | 41 | €4,964 | - | -€4,964 | |
| Cash at bank and in hand | 54/58 | €73,985 | €52,145 | -€21,840 | -29.5% |
| Deferred charges and accrued income | 490/1 | €607 | €1,383 | +€776 | +128% |
| Total equity and liabilities | 10/49 | €160,455 | €1,154,219 | +€993,765 | +619% |
| Equity | 10/15 | €125,802 | €47,584 | -€78,218 | -62.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €101,100 | €22,600 | -€78,500 | -77.6% |
| Distributable reserves | 133 | €101,100 | €22,600 | -€78,500 | -77.6% |
| Profit (loss) carried forward | 14 | €20,702 | €20,984 | +€282 | +1.4% |
| Amounts payable | 17/49 | €34,653 | €1,106,635 | +€1.1m | +3,094% |
| Amounts payable after more than one year | 17 | - | €461,930 | +€461,930 | |
| Financial debts | 170/4 | - | €461,930 | +€461,930 | |
| Amounts payable within one year | 42/48 | €33,653 | €644,705 | +€611,053 | +1,816% |
| Current portion of amounts payable after more than one year | 42 | - | €26,070 | +€26,070 | |
| Trade debts | 44 | €7,875 | €492,091 | +€484,216 | +6,149% |
| Suppliers | 440/4 | €7,875 | €492,091 | +€484,216 | +6,149% |
| Taxes, remuneration and social security | 45 | €25,778 | €38,681 | +€12,903 | +50.1% |
| Taxes | 450/3 | €25,778 | €36,178 | +€10,401 | +40.3% |
| Remuneration and social security | 454/9 | - | €2,503 | +€2,503 | |
| Other amounts payable | 47/48 | - | €87,863 | +€87,863 | |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €1,658 | €332 | -€1,327 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,131 | €15,586 | +€10,455 | +204% |
| Other operating charges | 640/8 | €726 | €4,198 | +€3,473 | +479% |
| Non-recurring operating charges | 66A | - | €14,419 | +€14,419 | |
| Gross operating margin | 9900 | €37,600 | €52,221 | +€14,621 | +38.9% |
| Operating profit (loss) | 9901 | €30,085 | €17,686 | -€12,399 | -41.2% |
| Financial income | 75/76B | €596 | €615 | +€19 | +3.2% |
| Recurring financial income | 75 | €596 | €615 | +€19 | +3.2% |
| Financial charges | 65/66B | €4,711 | €5,492 | +€781 | +16.6% |
| Recurring financial charges | 65 | €4,711 | €5,492 | +€781 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €25,970 | €12,809 | -€13,162 | -50.7% |
| Income taxes | 67/77 | €6,560 | €8,026 | +€1,467 | +22.4% |
| Profit (loss) for the period | 9904 | €19,411 | €4,782 | -€14,628 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,411 | €4,782 | -€14,628 | -75.4% |
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 13 October 2026 via checked.be.