AC-Courier Team: 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-Courier Team
Largest movements
- Tangible fixed assets +€60,144
up €60,144 (+1,735%), from €3,468 to €63,611
of which Furniture and vehicles: +€60,714
- Cash -€26,319
down €26,319 (-48.0%), from €54,842 to €28,524
mainly Investment in fixed assets (net) (-€66,910) and Receivables within one year (-€7,770)
- Receivables within one year +€7,770
up €7,770 (+36.6%), from €21,205 to €28,975
of which Other amounts receivable: +€9,222
- Debts after one year +€25,686
new in 2025: €25,686
- Profit (loss) carried forward +€11,770
up €11,770 (+34.3%), from €34,269 to €46,039
- Current portion of long-term debt +€6,634
new in 2025: €6,634
- Tax, wage and social debts -€4,274
down €4,274 (-61.2%), from €6,981 to €2,707
- Other debts +€3,840
up €3,840 (+16.6%), from €23,179 to €27,019
- Depreciation +€6,196
up €6,196 (+1,087%), from €570 to €6,766
- Gross operating margin +€2,743
up €2,743 (+13.7%), from €20,079 to €22,822
- Taxes -€2,475
down €2,475 (-52.6%), from €4,709 to €2,234
- Financial charges +€1,144
up €1,144, from -€403 to €741
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 | €79,671 | €121,267 | +€41,596 | +52.2% |
| Fixed assets | 21/28 | €3,468 | €63,611 | +€60,144 | +1,735% |
| Tangible fixed assets | 22/27 | €3,468 | €63,611 | +€60,144 | +1,735% |
| Furniture and vehicles | 24 | - | €60,714 | +€60,714 | |
| Other tangible fixed assets | 26 | €3,468 | €2,898 | -€570 | -16.4% |
| Current assets | 29/58 | €76,203 | €57,655 | -€18,548 | -24.3% |
| Amounts receivable within one year | 40/41 | €21,205 | €28,975 | +€7,770 | +36.6% |
| Trade receivables | 40 | €21,205 | €19,753 | -€1,452 | -6.8% |
| Other amounts receivable | 41 | - | €9,222 | +€9,222 | |
| Cash at bank and in hand | 54/58 | €54,842 | €28,524 | -€26,319 | -48.0% |
| Deferred charges and accrued income | 490/1 | €156 | €156 | = | 0.0% |
| Total equity and liabilities | 10/49 | €79,671 | €121,267 | +€41,596 | +52.2% |
| Equity | 10/15 | €42,329 | €54,099 | +€11,770 | +27.8% |
| 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 | €34,269 | €46,039 | +€11,770 | +34.3% |
| Amounts payable | 17/49 | €37,341 | €67,167 | +€29,826 | +79.9% |
| Amounts payable after more than one year | 17 | - | €25,686 | +€25,686 | |
| Financial debts | 170/4 | - | €25,686 | +€25,686 | |
| Amounts payable within one year | 42/48 | €37,341 | €40,972 | +€3,630 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,634 | +€6,634 | |
| Trade debts | 44 | €7,181 | €4,612 | -€2,570 | -35.8% |
| Suppliers | 440/4 | €7,181 | €4,612 | -€2,570 | -35.8% |
| Taxes, remuneration and social security | 45 | €6,981 | €2,707 | -€4,274 | -61.2% |
| Taxes | 450/3 | €6,981 | €2,707 | -€4,274 | -61.2% |
| Other amounts payable | 47/48 | €23,179 | €27,019 | +€3,840 | +16.6% |
| Accrued charges and deferred income | 492/3 | - | €510 | +€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €6,766 | +€6,196 | +1,087% |
| Other operating charges | 640/8 | €1,646 | €1,553 | -€93 | -5.6% |
| Gross operating margin | 9900 | €20,079 | €22,822 | +€2,743 | +13.7% |
| Operating profit (loss) | 9901 | €17,864 | €14,503 | -€3,361 | -18.8% |
| Financial income | 75/76B | €273 | €242 | -€31 | -11.4% |
| Recurring financial income | 75 | €273 | €242 | -€31 | -11.4% |
| Financial charges | 65/66B | -€403 | €741 | +€1,144 | |
| Recurring financial charges | 65 | -€403 | €741 | +€1,144 | |
| Profit (loss) for the period before taxes | 9903 | €18,539 | €14,004 | -€4,536 | -24.5% |
| Income taxes | 67/77 | €4,709 | €2,234 | -€2,475 | -52.6% |
| Profit (loss) for the period | 9904 | €13,830 | €11,770 | -€2,060 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,830 | €11,770 | -€2,060 | -14.9% |
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 21 October 2026 via checked.be.