AC MATERIALS: 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.
What changed
AC MATERIALS
NACE 38.210, Materials recovery from waste
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€495,032
2024 · €1.2m-€669,808
Equity
€5.8m
2024 · €5.8m-€4,968
Cash
€961,570
2024 · €1.1m-€90,737
Balance sheet total
€28.2m
2024 · €25.9m+€2.3m
Largest movements
Assets
- Receivables within one year +€2.0m
up €2.0m (+15.5%), from €12.9m to €14.9m
of which Other amounts receivable: +€2.0m
Equity and liabilities
- Trade debts +€1.6m
up €1.6m (+13.9%), from €11.7m to €13.3m
- Advances received +€619,228
up €619,228 (+38.0%), from €1.6m to €2.2m
Income statement
- Staff costs +€850,991
up €850,991 (+14.2%), from €6.0m to €6.8m
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.
Result 2024
€1.2m
Turnover
-€139,632
Other operating income
-€89,252
Goods and materials
-€502,025
Services and other goods
+€168,941
Staff costs
-€850,991
Depreciation
-€60,389
Write-downs
+€552,506
Provisions
-€35,000
Other operating charges
-€47,764
Other operating items
+€97,946
Financial income
-€107,581
Financial charges
+€85,863
Taxes
+€257,570
Result 2025
€495,032
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.
From operations
+€1.7m
Investment
-€1.1m
Financing
-€615,400
Cash 2024
€1.1m
From operations (derived)
+€1.7m
Net result for the year
+€495,032
Depreciation
+€1.1m
Stocks and contracts
-€194,844
Receivables within one year
-€2.0m
Deferred charges and accrued income
-€177,027
Provisions
+€35,000
Trade debts
+€1.6m
Tax, wage and social debts
+€129,819
Advances received
+€619,228
Accrued charges and deferred income
+€9,664
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€615,400
Debts after one year
-€13,485
Current portion of long-term debt
-€1,776
Short-term financial debts
-€100,139
Contributions, distributions and other
-€500,000
Cash 2025
€961,570
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,876,236 | €28,177,897 | +€2.3m | +8.9% |
| Fixed assets | 21/28 | €8,173,154 | €8,195,776 | +€22,622 | +0.3% |
| Intangible fixed assets | 21 | €522,303 | €438,697 | -€83,605 | -16.0% |
| Tangible fixed assets | 22/27 | €7,650,852 | €7,757,079 | +€106,227 | +1.4% |
| Land and buildings | 22 | €2,419,784 | €2,132,316 | -€287,469 | -11.9% |
| Plant, machinery and equipment | 23 | €4,124,783 | €3,821,500 | -€303,283 | -7.4% |
| Furniture and vehicles | 24 | €19,112 | €15,020 | -€4,091 | -21.4% |
| Leasing and similar rights | 25 | €182,135 | €106,986 | -€75,150 | -41.3% |
| Other tangible fixed assets | 26 | €406,353 | €338,384 | -€67,969 | -16.7% |
| Assets under construction and advance payments | 27 | €498,685 | €1,342,873 | +€844,189 | +169.3% |
| Current assets | 29/58 | €17,703,082 | €19,982,120 | +€2.3m | +12.9% |
| Stocks and contracts in progress | 3 | €2,827,975 | €3,022,819 | +€194,844 | +6.9% |
| Stocks | 30/36 | €2,827,975 | €3,022,819 | +€194,844 | +6.9% |
| Raw materials and consumables | 30/31 | €1,973,326 | €2,001,870 | +€28,544 | +1.4% |
| Work in progress | 32 | €100,261 | €94,231 | -€6,030 | -6.0% |
| Finished goods | 33 | €619,102 | €771,234 | +€152,132 | +24.6% |
| Goods purchased for resale | 34 | €135,286 | €155,483 | +€20,197 | +14.9% |
| Amounts receivable within one year | 40/41 | €12,858,178 | €14,856,082 | +€2.0m | +15.5% |
| Trade receivables | 40 | €11,357,888 | €11,319,660 | -€38,227 | -0.3% |
| Other amounts receivable | 41 | €1,500,290 | €3,536,421 | +€2.0m | +135.7% |
| Cash at bank and in hand | 54/58 | €1,052,306 | €961,570 | -€90,737 | -8.6% |
| Deferred charges and accrued income | 490/1 | €964,623 | €1,141,650 | +€177,027 | +18.4% |
| Total equity and liabilities | 10/49 | €25,876,236 | €28,177,897 | +€2.3m | +8.9% |
| Equity | 10/15 | €5,775,721 | €5,770,754 | -€4,968 | -0.1% |
| Contributions | 10/11 | €2,078,466 | €2,078,466 | = | 0.0% |
| Capital | 10 | €2,078,466 | €2,078,466 | = | 0.0% |
| Issued capital | 100 | €2,078,466 | €2,078,466 | = | 0.0% |
| Reserves | 13 | €629,273 | €629,273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €207,847 | €207,847 | = | 0.0% |
| Legal reserve | 130 | €207,847 | €207,847 | = | 0.0% |
| Tax-exempt reserves | 132 | €101,026 | €101,026 | = | 0.0% |
| Distributable reserves | 133 | €320,400 | €320,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,067,983 | €3,063,015 | -€4,968 | -0.2% |
| Provisions and deferred taxes | 16 | - | €35,000 | +€35,000 | |
| Provisions for liabilities and charges | 160/5 | - | €35,000 | +€35,000 | |
| Other liabilities and charges | 164/5 | - | €35,000 | +€35,000 | |
| Amounts payable | 17/49 | €20,100,515 | €22,372,143 | +€2.3m | +11.3% |
| Amounts payable after more than one year | 17 | €1,109,506 | €1,096,022 | -€13,485 | -1.2% |
| Financial debts | 170/4 | €1,109,506 | €1,096,022 | -€13,485 | -1.2% |
| Leasing and similar obligations | 172 | €134,506 | €95,829 | -€38,678 | -28.8% |
| Credit institutions | 173 | €975,000 | €1,000,193 | +€25,193 | +2.6% |
| Amounts payable within one year | 42/48 | €18,940,605 | €21,216,054 | +€2.3m | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €465,453 | €463,678 | -€1,776 | -0.4% |
| Financial debts | 43 | €3,700,569 | €3,600,430 | -€100,139 | -2.7% |
| Credit institutions | 430/8 | €3,700,569 | €3,600,430 | -€100,139 | -2.7% |
| Trade debts | 44 | €11,688,768 | €13,317,085 | +€1.6m | +13.9% |
| Suppliers | 440/4 | €11,688,768 | €13,317,085 | +€1.6m | +13.9% |
| Advances received on contracts in progress | 46 | €1,629,656 | €2,248,883 | +€619,228 | +38.0% |
| Taxes, remuneration and social security | 45 | €956,159 | €1,085,978 | +€129,819 | +13.6% |
| Taxes | 450/3 | €109,446 | €135,249 | +€25,803 | +23.6% |
| Remuneration and social security | 454/9 | €846,714 | €950,730 | +€104,016 | +12.3% |
| Other amounts payable | 47/48 | €500,000 | €500,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €50,403 | €60,067 | +€9,664 | +19.2% |
| Operating income | 70/76A | €58,365,741 | €58,235,228 | -€130,513 | -0.2% |
| Turnover | 70 | €57,605,709 | €57,466,077 | -€139,632 | -0.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €60,445 | €146,103 | +€85,658 | +141.7% |
| Own construction capitalised | 72 | - | €12,713 | +€12,713 | |
| Other operating income | 74 | €699,587 | €610,335 | -€89,252 | -12.8% |
| Operating charges | 60/66A | €56,793,523 | €57,568,670 | +€775,147 | +1.4% |
| Goods for resale, raw materials and consumables | 60 | €40,773,471 | €41,275,496 | +€502,025 | +1.2% |
| Purchases | 600/8 | €40,837,140 | €41,324,238 | +€487,098 | +1.2% |
| Change in stocks: decrease (increase) | 609 | -€63,668 | -€48,741 | +€14,927 | +23.4% |
| Services and other goods | 61 | €8,252,236 | €8,083,294 | -€168,941 | -2.0% |
| Remuneration, social security and pensions | 62 | €5,986,901 | €6,837,891 | +€850,991 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057,521 | €1,117,911 | +€60,389 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €339,390 | -€213,116 | -€552,506 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €35,000 | +€35,000 | |
| Other operating charges | 640/8 | €384,004 | €431,768 | +€47,764 | +12.4% |
| Non-recurring operating charges | 66A | - | €425 | +€425 | |
| Operating profit (loss) | 9901 | €1,572,219 | €666,558 | -€905,660 | -57.6% |
| Financial income | 75/76B | €302,532 | €194,950 | -€107,581 | -35.6% |
| Recurring financial income | 75 | €302,532 | €194,950 | -€107,581 | -35.6% |
| Income from current assets | 751 | €114,034 | €55,449 | -€58,585 | -51.4% |
| Other financial income | 752/9 | €188,497 | €139,501 | -€48,996 | -26.0% |
| Financial charges | 65/66B | €438,842 | €352,979 | -€85,863 | -19.6% |
| Recurring financial charges | 65 | €438,842 | €352,979 | -€85,863 | -19.6% |
| Debt charges | 650 | €411,911 | €336,311 | -€75,600 | -18.4% |
| Other financial charges | 652/9 | €26,931 | €16,668 | -€10,263 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €1,435,909 | €508,530 | -€927,379 | -64.6% |
| Income taxes | 67/77 | €271,068 | €13,497 | -€257,570 | -95.0% |
| Taxes | 670/3 | €271,068 | €13,497 | -€257,570 | -95.0% |
| Profit (loss) for the period | 9904 | €1,164,841 | €495,032 | -€669,808 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,164,841 | €495,032 | -€669,808 | -57.5% |
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.