AC-ELEC: 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-ELEC
Largest movements
- Receivables after one year -€320,000
no longer reported in 2025 (was €320,000)
- Cash -€18,627
down €18,627 (-24.0%), from €77,629 to €59,002
mainly Contributions, distributions and other (-€470,000) and Receivables within one year (-€18,258)
- Receivables within one year +€18,258
up €18,258 (+30.3%), from €60,197 to €78,455
of which Other amounts receivable: +€73,714
- Profit (loss) carried forward -€320,172
down €320,172 (-21.8%), from €1.5m to €1.1m
- Tax, wage and social debts -€15,398
down €15,398 (-93.9%), from €16,405 to €1,007
- Financial income +€146,700
up €146,700 (+1,519%), from €9,657 to €156,357
- Gross operating margin -€40,296
down €40,296, from €36,000 to -€4,296
- Taxes -€11,966
down €11,966 (-92.2%), from €12,973 to €1,007
- Depreciation -€431
down €431 (-33.7%), from €1,280 to €849
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 | €1,501,751 | €1,167,479 | -€334,272 | -22.3% |
| Fixed assets | 21/28 | €1,036,129 | €1,029,111 | -€7,018 | -0.7% |
| Tangible fixed assets | 22/27 | €7,175 | €326 | -€6,849 | -95.5% |
| Furniture and vehicles | 24 | €7,175 | €326 | -€6,849 | -95.5% |
| Financial fixed assets | 28 | €1,028,954 | €1,028,785 | -€169 | 0.0% |
| Current assets | 29/58 | €465,621 | €138,368 | -€327,253 | -70.3% |
| Amounts receivable after more than one year | 29 | €320,000 | - | -€320,000 | |
| Other amounts receivable | 291 | €320,000 | - | -€320,000 | |
| Stocks and contracts in progress | 3 | €350 | €350 | = | 0.0% |
| Stocks | 30/36 | €350 | €350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,197 | €78,455 | +€18,258 | +30.3% |
| Trade receivables | 40 | €60,197 | €4,741 | -€55,456 | -92.1% |
| Other amounts receivable | 41 | - | €73,714 | +€73,714 | |
| Cash at bank and in hand | 54/58 | €77,629 | €59,002 | -€18,627 | -24.0% |
| Deferred charges and accrued income | 490/1 | €7,445 | €561 | -€6,884 | -92.5% |
| Total equity and liabilities | 10/49 | €1,501,751 | €1,167,479 | -€334,272 | -22.3% |
| Equity | 10/15 | €1,483,709 | €1,163,537 | -€320,172 | -21.6% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,469,449 | €1,149,277 | -€320,172 | -21.8% |
| Amounts payable | 17/49 | €18,041 | €3,942 | -€14,100 | -78.2% |
| Amounts payable within one year | 42/48 | €18,041 | €3,942 | -€14,100 | -78.2% |
| Trade debts | 44 | €1,538 | €2,934 | +€1,396 | +90.8% |
| Suppliers | 440/4 | €1,538 | €2,934 | +€1,396 | +90.8% |
| Taxes, remuneration and social security | 45 | €16,405 | €1,007 | -€15,398 | -93.9% |
| Taxes | 450/3 | €16,405 | €1,007 | -€15,398 | -93.9% |
| Other amounts payable | 47/48 | €98 | - | -€98 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,280 | €849 | -€431 | -33.7% |
| Gross operating margin | 9900 | €36,000 | -€4,296 | -€40,296 | |
| Operating profit (loss) | 9901 | €34,719 | -€5,146 | -€39,865 | |
| Financial income | 75/76B | €9,657 | €156,357 | +€146,700 | +1,519% |
| Recurring financial income | 75 | €9,657 | €156,357 | +€146,700 | +1,519% |
| Financial charges | 65/66B | €182 | €376 | +€194 | +106% |
| Recurring financial charges | 65 | €182 | €376 | +€194 | +106% |
| Profit (loss) for the period before taxes | 9903 | €44,194 | €150,835 | +€106,641 | +241% |
| Income taxes | 67/77 | €12,973 | €1,007 | -€11,966 | -92.2% |
| Profit (loss) for the period | 9904 | €31,221 | €149,828 | +€118,607 | +380% |
| Profit (loss) for the period to be appropriated | 9905 | €31,221 | €149,828 | +€118,607 | +380% |
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 16 October 2026 via checked.be.