AC Management: 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 Management
Largest movements
- Receivables within one year -€47,335
down €47,335 (-88.1%), from €53,741 to €6,406
of which Other amounts receivable: -€47,335
- Cash -€6,237
down €6,237 (-7.3%), from €85,170 to €78,933
mainly Trade debts (-€57,032) and Contributions, distributions and other (-€53,000)
- Trade debts -€57,032
down €57,032 (-79.1%), from €72,060 to €15,028
- Other debts +€5,000
up €5,000 (+10.2%), from €49,082 to €54,082
- Tax, wage and social debts -€1,757
down €1,757 (-27.0%), from €6,497 to €4,741
- Gross operating margin +€21,717
up €21,717 (+36.1%), from €60,099 to €81,816
- Taxes +€7,488
up €7,488 (+35.5%), from €21,068 to €28,556
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 | €138,911 | €85,338 | -€53,572 | -38.6% |
| Current assets | 29/58 | €138,911 | €85,338 | -€53,572 | -38.6% |
| Amounts receivable within one year | 40/41 | €53,741 | €6,406 | -€47,335 | -88.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €53,741 | €6,406 | -€47,335 | -88.1% |
| Cash at bank and in hand | 54/58 | €85,170 | €78,933 | -€6,237 | -7.3% |
| Total equity and liabilities | 10/49 | €138,911 | €85,338 | -€53,572 | -38.6% |
| Equity | 10/15 | €11,271 | €11,487 | +€216 | +1.9% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Reserves | 13 | €111 | €327 | +€216 | +194.3% |
| Distributable reserves | 133 | €111 | €327 | +€216 | +194.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €127,640 | €73,851 | -€53,789 | -42.1% |
| Amounts payable within one year | 42/48 | €127,640 | €73,851 | -€53,789 | -42.1% |
| Trade debts | 44 | €72,060 | €15,028 | -€57,032 | -79.1% |
| Suppliers | 440/4 | €72,060 | €15,028 | -€57,032 | -79.1% |
| Taxes, remuneration and social security | 45 | €6,497 | €4,741 | -€1,757 | -27.0% |
| Taxes | 450/3 | €6,497 | €4,741 | -€1,757 | -27.0% |
| Other amounts payable | 47/48 | €49,082 | €54,082 | +€5,000 | +10.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €60,099 | €81,816 | +€21,717 | +36.1% |
| Operating profit (loss) | 9901 | €59,594 | €81,296 | +€21,703 | +36.4% |
| Financial income | 75/76B | €390 | €562 | +€172 | +44.2% |
| Recurring financial income | 75 | €390 | €562 | +€172 | +44.2% |
| Financial charges | 65/66B | - | €87 | +€87 | |
| Recurring financial charges | 65 | - | €87 | +€87 | |
| Profit (loss) for the period before taxes | 9903 | €59,984 | €81,772 | +€21,788 | +36.3% |
| Income taxes | 67/77 | €21,068 | €28,556 | +€7,488 | +35.5% |
| Profit (loss) for the period | 9904 | €38,916 | €53,216 | +€14,300 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,916 | €53,216 | +€14,300 | +36.7% |
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 10 October 2026 via checked.be.