AC Corporation: 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 Corporation
Largest movements
- Receivables within one year +€383,860
up €383,860 (+1,460%), from €26,284 to €410,144
of which Trade receivables: +€374,346
- Stocks and contracts +€41,683
up €41,683 (+274%), from €15,203 to €56,886
- Cash -€37,810
down €37,810 (-61.6%), from €61,379 to €23,569
mainly Receivables within one year (-€383,860) and Stocks and contracts (-€41,683)
- Tangible fixed assets +€28,973
up €28,973 (+1,869%), from €1,550 to €30,523
- Trade debts +€278,269
up €278,269 (+4,016%), from €6,929 to €285,198
- Debts after one year +€166,321
up €166,321 (+515%), from €32,311 to €198,632
- Reserves -€31,240
down €31,240 (-93.8%), from €33,310 to €2,070
- Current portion of long-term debt +€9,100
up €9,100 (+177%), from €5,152 to €14,252
- Gross operating margin -€63,679
down €63,679, from €45,855 to -€17,824
- Taxes -€9,549
down €9,549 (-100%), from €9,549 to €0
- Depreciation +€7,280
up €7,280 (+1,882%), from €387 to €7,667
- Financial charges +€1,967
up €1,967 (+88.5%), from €2,223 to €4,190
- Other operating charges +€1,384
up €1,384 (+359%), from €385 to €1,769
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 | €112,182 | €531,572 | +€419,390 | +374% |
| Fixed assets | 21/28 | €8,917 | €40,973 | +€32,056 | +360% |
| Intangible fixed assets | 21 | €1,667 | €1,000 | -€667 | -40.0% |
| Tangible fixed assets | 22/27 | €1,550 | €30,523 | +€28,973 | +1,869% |
| Furniture and vehicles | 24 | €1,550 | €30,523 | +€28,973 | +1,869% |
| Financial fixed assets | 28 | €5,700 | €9,450 | +€3,750 | +65.8% |
| Current assets | 29/58 | €103,265 | €490,599 | +€387,334 | +375% |
| Stocks and contracts in progress | 3 | €15,203 | €56,886 | +€41,683 | +274% |
| Stocks | 30/36 | €15,203 | €56,886 | +€41,683 | +274% |
| Amounts receivable within one year | 40/41 | €26,284 | €410,144 | +€383,860 | +1,460% |
| Trade receivables | 40 | €21,331 | €395,677 | +€374,346 | +1,755% |
| Other amounts receivable | 41 | €4,953 | €14,468 | +€9,515 | +192% |
| Cash at bank and in hand | 54/58 | €61,379 | €23,569 | -€37,810 | -61.6% |
| Deferred charges and accrued income | 490/1 | €398 | €0 | -€398 | -100% |
| Total equity and liabilities | 10/49 | €112,182 | €531,572 | +€419,390 | +374% |
| Equity | 10/15 | €35,810 | €4,570 | -€31,240 | -87.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €33,310 | €2,070 | -€31,240 | -93.8% |
| Distributable reserves | 133 | €33,310 | €2,070 | -€31,240 | -93.8% |
| Amounts payable | 17/49 | €76,372 | €527,002 | +€450,631 | +590% |
| Amounts payable after more than one year | 17 | €32,311 | €198,632 | +€166,321 | +515% |
| Financial debts | 170/4 | €32,311 | €198,632 | +€166,321 | +515% |
| Amounts payable within one year | 42/48 | €44,061 | €328,371 | +€284,310 | +645% |
| Current portion of amounts payable after more than one year | 42 | €5,152 | €14,252 | +€9,100 | +177% |
| Trade debts | 44 | €6,929 | €285,198 | +€278,269 | +4,016% |
| Suppliers | 440/4 | €6,929 | €285,198 | +€278,269 | +4,016% |
| Taxes, remuneration and social security | 45 | €30,952 | €28,921 | -€2,031 | -6.6% |
| Taxes | 450/3 | €30,952 | €28,921 | -€2,031 | -6.6% |
| Other amounts payable | 47/48 | €1,028 | €0 | -€1,028 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €7,667 | +€7,280 | +1,882% |
| Other operating charges | 640/8 | €385 | €1,769 | +€1,384 | +359% |
| Gross operating margin | 9900 | €45,855 | -€17,824 | -€63,679 | |
| Operating profit (loss) | 9901 | €45,083 | -€27,260 | -€72,343 | |
| Financial income | 75/76B | - | €210 | +€210 | |
| Recurring financial income | 75 | - | €210 | +€210 | |
| Financial charges | 65/66B | €2,223 | €4,190 | +€1,967 | +88.5% |
| Recurring financial charges | 65 | €2,223 | €4,190 | +€1,967 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | €42,860 | -€31,240 | -€74,100 | |
| Income taxes | 67/77 | €9,549 | €0 | -€9,549 | -100% |
| Profit (loss) for the period | 9904 | €33,310 | -€31,240 | -€64,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,310 | -€31,240 | -€64,551 |
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 30 October 2026 via checked.be.