AC & T: 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 & T
Largest movements
- Receivables within one year +€3,034
up €3,034 (+55.5%), from €5,464 to €8,498
of which Trade receivables: +€3,027
- Profit (loss) carried forward -€30,481
down €30,481 (-18.7%), from -€163,003 to -€193,484
- Short-term financial debts +€18,919
up €18,919 (+204.1%), from €9,271 to €28,190
- Advances received +€14,306
new in 2025: €14,306
- Trade debts +€8,391
up €8,391 (+41.7%), from €20,111 to €28,502
- Reserves -€4,739
down €4,739 (-2.5%), from €189,392 to €184,654
of which Distributable reserves: -€4,739
- Gross operating margin -€9,244
down €9,244 (-13.2%), from €70,223 to €60,979
- Staff costs +€4,201
up €4,201 (+5.3%), from €79,975 to €84,176
- Financial charges +€1,315
up €1,315 (+122.8%), from €1,070 to €2,385
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 | €232,255 | €237,430 | +€5,175 | +2.2% |
| Fixed assets | 21/28 | €151,307 | €151,307 | = | 0.0% |
| Tangible fixed assets | 22/27 | €151,122 | €151,122 | = | 0.0% |
| Land and buildings | 22 | €151,122 | €151,122 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €80,947 | €86,122 | +€5,175 | +6.4% |
| Stocks and contracts in progress | 3 | €75,483 | €77,335 | +€1,852 | +2.5% |
| Stocks | 30/36 | €75,483 | €77,335 | +€1,852 | +2.5% |
| Amounts receivable within one year | 40/41 | €5,464 | €8,498 | +€3,034 | +55.5% |
| Trade receivables | 40 | €5,464 | €8,492 | +€3,027 | +55.4% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | - | €289 | +€289 | |
| Total equity and liabilities | 10/49 | €232,255 | €237,430 | +€5,175 | +2.2% |
| Equity | 10/15 | €88,390 | €53,169 | -€35,220 | -39.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €189,392 | €184,654 | -€4,739 | -2.5% |
| Non-distributable reserves | 130/1 | €5,971 | €5,971 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,971 | €5,971 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €175,421 | €170,682 | -€4,739 | -2.7% |
| Profit (loss) carried forward | 14 | -€163,003 | -€193,484 | -€30,481 | -18.7% |
| Amounts payable | 17/49 | €143,865 | €184,260 | +€40,395 | +28.1% |
| Amounts payable within one year | 42/48 | €143,865 | €184,260 | +€40,395 | +28.1% |
| Financial debts | 43 | €9,271 | €28,190 | +€18,919 | +204.1% |
| Credit institutions | 430/8 | €9,271 | €28,190 | +€18,919 | +204.1% |
| Trade debts | 44 | €20,111 | €28,502 | +€8,391 | +41.7% |
| Suppliers | 440/4 | €20,111 | €28,502 | +€8,391 | +41.7% |
| Advances received on contracts in progress | 46 | - | €14,306 | +€14,306 | |
| Taxes, remuneration and social security | 45 | €10,183 | €9,863 | -€320 | -3.1% |
| Taxes | 450/3 | €5,741 | €4,499 | -€1,242 | -21.6% |
| Remuneration and social security | 454/9 | €4,442 | €5,363 | +€922 | +20.8% |
| Other amounts payable | 47/48 | €104,300 | €103,400 | -€900 | -0.9% |
| Remuneration, social security and pensions | 62 | €79,975 | €84,176 | +€4,201 | +5.3% |
| Other operating charges | 640/8 | €4,676 | €4,700 | +€23 | +0.5% |
| Gross operating margin | 9900 | €70,223 | €60,979 | -€9,244 | -13.2% |
| Operating profit (loss) | 9901 | -€14,428 | -€27,896 | -€13,468 | -93.4% |
| Financial income | 75/76B | €189 | €33 | -€156 | -82.5% |
| Recurring financial income | 75 | €189 | €33 | -€156 | -82.5% |
| Financial charges | 65/66B | €1,070 | €2,385 | +€1,315 | +122.8% |
| Recurring financial charges | 65 | €1,070 | €2,385 | +€1,315 | +122.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,309 | -€30,248 | -€14,939 | -97.6% |
| Income taxes | 67/77 | €223 | €233 | +€10 | +4.6% |
| Profit (loss) for the period | 9904 | -€15,532 | -€30,481 | -€14,949 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,532 | -€30,481 | -€14,949 | -96.2% |
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.