AC DERM: what changed
Two fiscal 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 DERM
Largest movements
- Cash -€23,255
down €23,255 (-24.1%), from €96,458 to €73,202
mainly Contributions, distributions and other (-€78,732) and Other debts (-€26,744)
- Intangible fixed assets -€15,400
down €15,400 (-22.2%), from €69,300 to €53,900
- Tangible fixed assets -€13,171
down €13,171 (-4.3%), from €303,596 to €290,425
of which Land and buildings: -€14,698
- Receivables within one year +€13,067
up €13,067 (+383.0%), from €3,412 to €16,479
- Deferred charges and accrued income -€12,709
down €12,709 (-42.3%), from €30,055 to €17,346
- Other debts -€26,744
down €26,744 (-30.6%), from €87,495 to €60,750
- Debts after one year -€20,309
down €20,309 (-7.4%), from €275,596 to €255,287
- Current portion of long-term debt -€14,945
down €14,945 (-37.4%), from €39,921 to €24,976
- Tax, wage and social debts +€12,718
up €12,718 (+188.0%), from €6,764 to €19,482
of which Taxes: +€9,546
- Gross operating margin -€10,997
down €10,997 (-6.8%), from €162,001 to €151,003
- Taxes -€3,393
down €3,393 (-12.9%), from €26,264 to €22,871
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 | €502,820 | €451,352 | -€51,468 | -10.2% |
| Fixed assets | 21/28 | €372,896 | €344,325 | -€28,571 | -7.7% |
| Intangible fixed assets | 21 | €69,300 | €53,900 | -€15,400 | -22.2% |
| Tangible fixed assets | 22/27 | €303,596 | €290,425 | -€13,171 | -4.3% |
| Land and buildings | 22 | €272,790 | €258,092 | -€14,698 | -5.4% |
| Plant, machinery and equipment | 23 | €25,063 | €21,485 | -€3,578 | -14.3% |
| Furniture and vehicles | 24 | €5,742 | €6,258 | +€516 | +9.0% |
| Assets under construction and advance payments | 27 | - | €4,590 | +€4,590 | |
| Current assets | 29/58 | €129,924 | €107,027 | -€22,897 | -17.6% |
| Amounts receivable within one year | 40/41 | €3,412 | €16,479 | +€13,067 | +383.0% |
| Other amounts receivable | 41 | €3,412 | €16,479 | +€13,067 | +383.0% |
| Cash at bank and in hand | 54/58 | €96,458 | €73,202 | -€23,255 | -24.1% |
| Deferred charges and accrued income | 490/1 | €30,055 | €17,346 | -€12,709 | -42.3% |
| Total equity and liabilities | 10/49 | €502,820 | €451,352 | -€51,468 | -10.2% |
| Equity | 10/15 | €85,785 | €85,785 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €83,285 | €83,285 | = | 0.0% |
| Distributable reserves | 133 | €83,285 | €83,285 | = | 0.0% |
| Amounts payable | 17/49 | €417,035 | €365,567 | -€51,468 | -12.3% |
| Amounts payable after more than one year | 17 | €275,596 | €255,287 | -€20,309 | -7.4% |
| Financial debts | 170/4 | €275,596 | €255,287 | -€20,309 | -7.4% |
| Amounts payable within one year | 42/48 | €141,055 | €109,896 | -€31,159 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €39,921 | €24,976 | -€14,945 | -37.4% |
| Trade debts | 44 | €6,875 | €4,687 | -€2,187 | -31.8% |
| Suppliers | 440/4 | €6,875 | €4,687 | -€2,187 | -31.8% |
| Taxes, remuneration and social security | 45 | €6,764 | €19,482 | +€12,718 | +188.0% |
| Taxes | 450/3 | €6,764 | €16,310 | +€9,546 | +141.1% |
| Remuneration and social security | 454/9 | - | €3,172 | +€3,172 | |
| Other amounts payable | 47/48 | €87,495 | €60,750 | -€26,744 | -30.6% |
| Accrued charges and deferred income | 492/3 | €384 | €384 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,809 | €36,892 | +€83 | +0.2% |
| Other operating charges | 640/8 | €1,386 | €2,139 | +€753 | +54.3% |
| Non-recurring operating charges | 66A | €20 | - | -€20 | |
| Gross operating margin | 9900 | €162,001 | €151,003 | -€10,997 | -6.8% |
| Operating profit (loss) | 9901 | €123,785 | €111,972 | -€11,813 | -9.5% |
| Financial income | 75/76B | - | €378 | +€378 | |
| Recurring financial income | 75 | - | €378 | +€378 | |
| Financial charges | 65/66B | €10,026 | €10,747 | +€720 | +7.2% |
| Recurring financial charges | 65 | €10,026 | €10,747 | +€720 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €113,759 | €101,603 | -€12,156 | -10.7% |
| Income taxes | 67/77 | €26,264 | €22,871 | -€3,393 | -12.9% |
| Profit (loss) for the period | 9904 | €87,495 | €78,732 | -€8,763 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,495 | €78,732 | -€8,763 | -10.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.