AC DEVELOPPEMENT: 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 DEVELOPPEMENT
Largest movements
- Receivables within one year +€39,680
up €39,680 (+992%), from €4,000 to €43,680
of which Other amounts receivable: +€43,680
- Receivables after one year +€11,680
new in 2025: €11,680
- Trade debts +€32,174
up €32,174 (+243,372%), from €13 to €32,187
- Profit (loss) carried forward +€27,831
up €27,831 (+1,003%), from €2,774 to €30,605
- Short-term financial debts -€11,544
down €11,544 (-38.6%), from €29,943 to €18,399
- Turnover +€69,438
up €69,438 (+158%), from €44,000 to €113,438
- Gross operating margin +€66,788
up €66,788 (+328%), from €20,370 to €87,158
- Depreciation +€20,597
up €20,597 (+222%), from €9,288 to €29,885
- Financial charges +€10,207
up €10,207 (+138%), from €7,383 to €17,590
- Taxes +€7,649
up €7,649 (+827%), from €925 to €8,574
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 | €854,519 | €899,771 | +€45,252 | +5.3% |
| Fixed assets | 21/28 | €843,416 | €841,678 | -€1,738 | -0.2% |
| Intangible fixed assets | 21 | €1,101 | €842 | -€259 | -23.5% |
| Tangible fixed assets | 22/27 | €433,566 | €432,086 | -€1,480 | -0.3% |
| Land and buildings | 22 | €433,566 | €406,285 | -€27,281 | -6.3% |
| Furniture and vehicles | 24 | - | €25,801 | +€25,801 | |
| Financial fixed assets | 28 | €408,750 | €408,750 | = | 0.0% |
| Current assets | 29/58 | €11,103 | €58,093 | +€46,990 | +423% |
| Amounts receivable after more than one year | 29 | - | €11,680 | +€11,680 | |
| Trade receivables | 290 | - | €11,680 | +€11,680 | |
| Amounts receivable within one year | 40/41 | €4,000 | €43,680 | +€39,680 | +992% |
| Trade receivables | 40 | €4,000 | - | -€4,000 | |
| Other amounts receivable | 41 | - | €43,680 | +€43,680 | |
| Cash at bank and in hand | 54/58 | €7,103 | €2,733 | -€4,370 | -61.5% |
| Total equity and liabilities | 10/49 | €854,519 | €899,771 | +€45,252 | +5.3% |
| Equity | 10/15 | €7,774 | €36,105 | +€28,331 | +364% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €500 | +€500 | |
| Non-distributable reserves | 130/1 | - | €500 | +€500 | |
| Legal reserve | 130 | - | €500 | +€500 | |
| Profit (loss) carried forward | 14 | €2,774 | €30,605 | +€27,831 | +1,003% |
| Amounts payable | 17/49 | €846,745 | €863,666 | +€16,921 | +2.0% |
| Amounts payable after more than one year | 17 | €319,944 | €314,210 | -€5,734 | -1.8% |
| Financial debts | 170/4 | €310,264 | €304,530 | -€5,734 | -1.8% |
| Advances received on contracts in progress | 176 | €9,680 | €9,680 | = | 0.0% |
| Amounts payable within one year | 42/48 | €526,801 | €543,630 | +€16,829 | +3.2% |
| Financial debts | 43 | €29,943 | €18,399 | -€11,544 | -38.6% |
| Credit institutions | 430/8 | €29,943 | €18,399 | -€11,544 | -38.6% |
| Trade debts | 44 | €13 | €32,187 | +€32,174 | +243,372% |
| Suppliers | 440/4 | €13 | €32,187 | +€32,174 | +243,372% |
| Taxes, remuneration and social security | 45 | €4,540 | €9,616 | +€5,076 | +112% |
| Taxes | 450/3 | €4,540 | €9,616 | +€5,076 | +112% |
| Other amounts payable | 47/48 | €492,305 | €483,428 | -€8,877 | -1.8% |
| Accrued charges and deferred income | 492/3 | - | €5,826 | +€5,826 | |
| Turnover | 70 | €44,000 | €113,438 | +€69,438 | +158% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,630 | €26,280 | +€2,650 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,288 | €29,885 | +€20,597 | +222% |
| Other operating charges | 640/8 | - | €2,778 | +€2,778 | |
| Gross operating margin | 9900 | €20,370 | €87,158 | +€66,788 | +328% |
| Operating profit (loss) | 9901 | €11,082 | €54,495 | +€43,413 | +392% |
| Financial charges | 65/66B | €7,383 | €17,590 | +€10,207 | +138% |
| Recurring financial charges | 65 | €7,383 | €17,590 | +€10,207 | +138% |
| Profit (loss) for the period before taxes | 9903 | €3,699 | €36,905 | +€33,206 | +898% |
| Income taxes | 67/77 | €925 | €8,574 | +€7,649 | +827% |
| Profit (loss) for the period | 9904 | €2,774 | €28,331 | +€25,557 | +921% |
| Profit (loss) for the period to be appropriated | 9905 | €2,774 | €28,331 | +€25,557 | +921% |
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 26 October 2026 via checked.be.