AC ENG: 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 ENG
Largest movements
- Receivables within one year -€8,991
no longer reported in 2025 (was €8,991)
of which Other amounts receivable: -€5,457
- Cash -€6,093
down €6,093 (-34.9%), from €17,435 to €11,343
mainly Other debts (-€42,698) and Trade debts (-€6,019)
- Tangible fixed assets -€5,889
down €5,889 (-45.0%), from €13,091 to €7,201
of which Furniture and vehicles: -€5,605
- Other debts -€42,698
down €42,698 (-73.4%), from €58,203 to €15,505
- Profit (loss) carried forward +€24,054
up €24,054 (+90.5%), from -€26,569 to -€2,515
- Trade debts -€6,019
no longer reported in 2025 (was €6,019)
- Tax, wage and social debts +€3,707
up €3,707 (+3339.9%), from €111 to €3,818
- Gross operating margin +€6,513
up €6,513 (+23.7%), from €27,537 to €34,050
- Taxes +€3,190
up €3,190 (+3765.6%), from €85 to €3,275
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 | €39,776 | €18,819 | -€20,957 | -52.7% |
| Fixed assets | 21/28 | €13,091 | €7,201 | -€5,889 | -45.0% |
| Tangible fixed assets | 22/27 | €13,091 | €7,201 | -€5,889 | -45.0% |
| Plant, machinery and equipment | 23 | - | €1,135 | +€1,135 | |
| Furniture and vehicles | 24 | €11,672 | €6,066 | -€5,605 | -48.0% |
| Assets under construction and advance payments | 27 | €1,419 | - | -€1,419 | |
| Current assets | 29/58 | €26,685 | €11,618 | -€15,067 | -56.5% |
| Amounts receivable within one year | 40/41 | €8,991 | - | -€8,991 | |
| Trade receivables | 40 | €3,534 | - | -€3,534 | |
| Other amounts receivable | 41 | €5,457 | - | -€5,457 | |
| Cash at bank and in hand | 54/58 | €17,435 | €11,343 | -€6,093 | -34.9% |
| Deferred charges and accrued income | 490/1 | €259 | €275 | +€16 | +6.2% |
| Total equity and liabilities | 10/49 | €39,776 | €18,819 | -€20,957 | -52.7% |
| Equity | 10/15 | -€24,569 | -€515 | +€24,054 | +97.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,569 | -€2,515 | +€24,054 | +90.5% |
| Amounts payable | 17/49 | €64,345 | €19,334 | -€45,010 | -70.0% |
| Amounts payable within one year | 42/48 | €64,333 | €19,323 | -€45,010 | -70.0% |
| Trade debts | 44 | €6,019 | - | -€6,019 | |
| Suppliers | 440/4 | €6,019 | - | -€6,019 | |
| Taxes, remuneration and social security | 45 | €111 | €3,818 | +€3,707 | +3339.9% |
| Taxes | 450/3 | €111 | €3,818 | +€3,707 | +3339.9% |
| Other amounts payable | 47/48 | €58,203 | €15,505 | -€42,698 | -73.4% |
| Accrued charges and deferred income | 492/3 | €12 | €12 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,605 | €5,889 | +€284 | +5.1% |
| Other operating charges | 640/8 | €672 | €694 | +€22 | +3.2% |
| Gross operating margin | 9900 | €27,537 | €34,050 | +€6,513 | +23.7% |
| Operating profit (loss) | 9901 | €21,259 | €27,467 | +€6,208 | +29.2% |
| Financial charges | 65/66B | €165 | €138 | -€26 | -16.1% |
| Recurring financial charges | 65 | €165 | €138 | -€26 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €21,095 | €27,329 | +€6,234 | +29.6% |
| Income taxes | 67/77 | €85 | €3,275 | +€3,190 | +3765.6% |
| Profit (loss) for the period | 9904 | €21,010 | €24,054 | +€3,044 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,010 | €24,054 | +€3,044 | +14.5% |
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 3 October 2026 via checked.be.