AC IMMO DEL: 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 IMMO DEL
Largest movements
- Tangible fixed assets +€52,183
up €52,183 (+4,827%), from €1,081 to €53,264
of which Leasing and similar rights: +€37,010
- Cash +€29,319
up €29,319 (+60.0%), from €48,828 to €78,147
mainly Trade debts (+€49,672) and Debts after one year (+€28,485)
- Stocks and contracts -€15,381
no longer reported in 2025 (was €15,381)
- Deferred charges and accrued income +€1,642
new in 2025: €1,642
- Trade debts +€49,672
up €49,672 (+586%), from €8,477 to €58,149
- Advances received -€42,873
down €42,873 (-64.1%), from €66,909 to €24,036
- Debts after one year +€28,485
new in 2025: €28,485
- Profit (loss) carried forward +€21,130
up €21,130 (+2,832%), from €746 to €21,876
- Current portion of long-term debt +€5,161
new in 2025: €5,161
- Gross operating margin +€30,537
up €30,537 (+1,122%), from €2,722 to €33,259
- Taxes +€5,786
up €5,786 (+941%), from €615 to €6,401
- Depreciation +€2,863
up €2,863 (+740%), from €387 to €3,250
- Other operating charges +€1,133
up €1,133 (+125%), from €910 to €2,043
- Financial charges +€415
up €415 (+648%), from €64 to €479
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 | €86,638 | €155,167 | +€68,529 | +79.1% |
| Formation expenses | 20 | €1,710 | €1,295 | -€415 | -24.3% |
| Fixed assets | 21/28 | €1,081 | €53,264 | +€52,183 | +4,827% |
| Tangible fixed assets | 22/27 | €1,081 | €53,264 | +€52,183 | +4,827% |
| Plant, machinery and equipment | 23 | - | €6,632 | +€6,632 | |
| Furniture and vehicles | 24 | €1,081 | €9,354 | +€8,273 | +765% |
| Leasing and similar rights | 25 | - | €37,010 | +€37,010 | |
| Assets under construction and advance payments | 27 | - | €268 | +€268 | |
| Current assets | 29/58 | €83,847 | €100,608 | +€16,761 | +20.0% |
| Stocks and contracts in progress | 3 | €15,381 | - | -€15,381 | |
| Stocks | 30/36 | €15,381 | - | -€15,381 | |
| Amounts receivable within one year | 40/41 | €19,638 | €20,819 | +€1,181 | +6.0% |
| Trade receivables | 40 | €19,638 | €18,100 | -€1,538 | -7.8% |
| Other amounts receivable | 41 | - | €2,719 | +€2,719 | |
| Cash at bank and in hand | 54/58 | €48,828 | €78,147 | +€29,319 | +60.0% |
| Deferred charges and accrued income | 490/1 | - | €1,642 | +€1,642 | |
| Total equity and liabilities | 10/49 | €86,638 | €155,167 | +€68,529 | +79.1% |
| Equity | 10/15 | €4,746 | €25,876 | +€21,130 | +445% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €746 | €21,876 | +€21,130 | +2,832% |
| Amounts payable | 17/49 | €81,892 | €129,291 | +€47,399 | +57.9% |
| Amounts payable after more than one year | 17 | - | €28,485 | +€28,485 | |
| Financial debts | 170/4 | - | €28,485 | +€28,485 | |
| Amounts payable within one year | 42/48 | €79,102 | €100,012 | +€20,910 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,161 | +€5,161 | |
| Trade debts | 44 | €8,477 | €58,149 | +€49,672 | +586% |
| Suppliers | 440/4 | €8,477 | €58,149 | +€49,672 | +586% |
| Advances received on contracts in progress | 46 | €66,909 | €24,036 | -€42,873 | -64.1% |
| Taxes, remuneration and social security | 45 | €1,410 | €6,400 | +€4,990 | +354% |
| Taxes | 450/3 | €1,410 | €6,400 | +€4,990 | +354% |
| Other amounts payable | 47/48 | €2,306 | €6,266 | +€3,960 | +172% |
| Accrued charges and deferred income | 492/3 | €2,790 | €794 | -€1,996 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €3,250 | +€2,863 | +740% |
| Other operating charges | 640/8 | €910 | €2,043 | +€1,133 | +125% |
| Gross operating margin | 9900 | €2,722 | €33,259 | +€30,537 | +1,122% |
| Operating profit (loss) | 9901 | €1,425 | €27,966 | +€26,541 | +1,863% |
| Financial income | 75/76B | - | €44 | +€44 | |
| Recurring financial income | 75 | - | €44 | +€44 | |
| Financial charges | 65/66B | €64 | €479 | +€415 | +648% |
| Recurring financial charges | 65 | €64 | €479 | +€415 | +648% |
| Profit (loss) for the period before taxes | 9903 | €1,361 | €27,531 | +€26,170 | +1,923% |
| Income taxes | 67/77 | €615 | €6,401 | +€5,786 | +941% |
| Profit (loss) for the period | 9904 | €746 | €21,130 | +€20,384 | +2,732% |
| Profit (loss) for the period to be appropriated | 9905 | €746 | €21,130 | +€20,384 | +2,732% |
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 24 October 2026 via checked.be.