AC MANAGEMENT: 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 MANAGEMENT
Largest movements
- Deferred charges and accrued income -€576
no longer reported in 2025 (was €576)
- Other debts +€3,838
up €3,838 (+33.9%), from €11,318 to €15,157
- Trade debts -€3,359
no longer reported in 2025 (was €3,359)
- Profit (loss) carried forward -€1,055
down €1,055 (-0.4%), from -€290,087 to -€291,142
- Gross operating margin +€4,364
up €4,364 (+80.5%), from -€5,419 to -€1,055
- Other operating charges -€1,000
no longer reported in 2025 (was €1,000)
- Financial charges -€456
no longer reported in 2025 (was €456)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576 | - | -€576 | |
| Current assets | 29/58 | €576 | - | -€576 | |
| Deferred charges and accrued income | 490/1 | €576 | - | -€576 | |
| Total equity and liabilities | 10/49 | €576 | - | -€576 | |
| Equity | 10/15 | -€271,487 | -€272,542 | -€1,055 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,087 | -€291,142 | -€1,055 | -0.4% |
| Amounts payable | 17/49 | €272,063 | €272,542 | +€479 | +0.2% |
| Amounts payable after more than one year | 17 | €257,385 | €257,385 | = | 0.0% |
| Other amounts payable | 178/9 | €257,385 | €257,385 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,678 | €15,157 | +€479 | +3.3% |
| Trade debts | 44 | €3,359 | - | -€3,359 | |
| Suppliers | 440/4 | €3,359 | - | -€3,359 | |
| Other amounts payable | 47/48 | €11,318 | €15,157 | +€3,838 | +33.9% |
| Other operating charges | 640/8 | €1,000 | - | -€1,000 | |
| Gross operating margin | 9900 | -€5,419 | -€1,055 | +€4,364 | +80.5% |
| Operating profit (loss) | 9901 | -€6,418 | -€1,055 | +€5,364 | +83.6% |
| Financial charges | 65/66B | €456 | - | -€456 | |
| Recurring financial charges | 65 | €456 | - | -€456 | |
| Profit (loss) for the period before taxes | 9903 | -€6,874 | -€1,055 | +€5,819 | +84.7% |
| Profit (loss) for the period | 9904 | -€6,874 | -€1,055 | +€5,819 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,874 | -€1,055 | +€5,819 | +84.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.