AC Immo: 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 Immo
Largest movements
- Cash +€104,006
up €104,006 (+46.0%), from €226,107 to €330,113
mainly Advances received (+€48,870) and Net result for the year (+€47,227)
- Tangible fixed assets +€40,495
up €40,495 (+39.6%), from €102,253 to €142,748
of which Land and buildings: +€39,275
- Receivables within one year -€40,125
down €40,125 (-29.3%), from €137,020 to €96,894
of which Trade receivables: -€40,255
- Advances received +€48,870
up €48,870 (+13.5%), from €361,658 to €410,528
- Profit (loss) carried forward +€47,227
up €47,227 (+90.0%), from -€52,479 to -€5,252
- Tax, wage and social debts +€22,488
up €22,488 (+48.0%), from €46,892 to €69,380
of which Taxes: +€24,012
- Trade debts -€15,587
down €15,587 (-57.3%), from €27,216 to €11,629
- Gross operating margin +€145,453
up €145,453 (+73.9%), from €196,723 to €342,176
- Staff costs +€85,590
up €85,590 (+52.6%), from €162,697 to €248,287
- Taxes +€22,464
up €22,464 (+953.7%), from €2,355 to €24,820
- Depreciation -€7,885
down €7,885 (-39.5%), from €19,974 to €12,089
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 | €482,202 | €583,136 | +€100,934 | +20.9% |
| Fixed assets | 21/28 | €116,468 | €154,905 | +€38,437 | +33.0% |
| Intangible fixed assets | 21 | €9,935 | €7,877 | -€2,058 | -20.7% |
| Tangible fixed assets | 22/27 | €102,253 | €142,748 | +€40,495 | +39.6% |
| Land and buildings | 22 | €86,611 | €125,886 | +€39,275 | +45.3% |
| Plant, machinery and equipment | 23 | €9,141 | €12,544 | +€3,402 | +37.2% |
| Furniture and vehicles | 24 | €5,161 | €3,676 | -€1,486 | -28.8% |
| Other tangible fixed assets | 26 | €1,340 | €643 | -€697 | -52.0% |
| Financial fixed assets | 28 | €4,280 | €4,280 | = | 0.0% |
| Current assets | 29/58 | €365,734 | €428,231 | +€62,497 | +17.1% |
| Amounts receivable within one year | 40/41 | €137,020 | €96,894 | -€40,125 | -29.3% |
| Trade receivables | 40 | €137,020 | €96,764 | -€40,255 | -29.4% |
| Other amounts receivable | 41 | - | €130 | +€130 | |
| Cash at bank and in hand | 54/58 | €226,107 | €330,113 | +€104,006 | +46.0% |
| Deferred charges and accrued income | 490/1 | €2,608 | €1,224 | -€1,384 | -53.1% |
| Total equity and liabilities | 10/49 | €482,202 | €583,136 | +€100,934 | +20.9% |
| Equity | 10/15 | -€42,479 | €4,748 | +€47,227 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,479 | -€5,252 | +€47,227 | +90.0% |
| Amounts payable | 17/49 | €524,681 | €578,388 | +€53,707 | +10.2% |
| Amounts payable after more than one year | 17 | €81,207 | €77,208 | -€3,999 | -4.9% |
| Financial debts | 170/4 | €81,207 | €77,208 | -€3,999 | -4.9% |
| Amounts payable within one year | 42/48 | €443,473 | €501,180 | +€57,707 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €7,708 | €8,589 | +€881 | +11.4% |
| Trade debts | 44 | €27,216 | €11,629 | -€15,587 | -57.3% |
| Suppliers | 440/4 | €27,216 | €11,629 | -€15,587 | -57.3% |
| Advances received on contracts in progress | 46 | €361,658 | €410,528 | +€48,870 | +13.5% |
| Taxes, remuneration and social security | 45 | €46,892 | €69,380 | +€22,488 | +48.0% |
| Taxes | 450/3 | €20,930 | €44,942 | +€24,012 | +114.7% |
| Remuneration and social security | 454/9 | €25,962 | €24,438 | -€1,524 | -5.9% |
| Other amounts payable | 47/48 | - | €1,054 | +€1,054 | |
| Remuneration, social security and pensions | 62 | €162,697 | €248,287 | +€85,590 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,974 | €12,089 | -€7,885 | -39.5% |
| Other operating charges | 640/8 | €3,678 | €2,542 | -€1,135 | -30.9% |
| Gross operating margin | 9900 | €196,723 | €342,176 | +€145,453 | +73.9% |
| Operating profit (loss) | 9901 | €10,373 | €79,257 | +€68,884 | +664.0% |
| Financial income | 75/76B | €73 | €3 | -€69 | -95.7% |
| Recurring financial income | 75 | €73 | €3 | -€69 | -95.7% |
| Financial charges | 65/66B | €4,540 | €7,214 | +€2,674 | +58.9% |
| Recurring financial charges | 65 | €4,540 | €7,214 | +€2,674 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €5,906 | €72,047 | +€66,140 | +1119.8% |
| Income taxes | 67/77 | €2,355 | €24,820 | +€22,464 | +953.7% |
| Profit (loss) for the period | 9904 | €3,551 | €47,227 | +€43,676 | +1230.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,551 | €47,227 | +€43,676 | +1230.0% |
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 3 October 2026 via checked.be.