AC THERMO CONCEPT: 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 THERMO CONCEPT
Largest movements
- Receivables within one year +€57,742
up €57,742 (+447%), from €12,930 to €70,671
of which Trade receivables: +€53,533
- Cash -€40,621
down €40,621 (-45.3%), from €89,681 to €49,060
mainly Receivables within one year (-€57,742) and Tax, wage and social debts (-€11,958)
- Tangible fixed assets -€1,876
down €1,876 (-35.6%), from €5,270 to €3,394
of which Plant, machinery and equipment: -€1,160
- Profit (loss) carried forward +€14,872
up €14,872 (+18.3%), from €81,141 to €96,013
- Trade debts +€12,236
up €12,236 (+838%), from €1,460 to €13,696
- Tax, wage and social debts -€11,958
down €11,958 (-51.1%), from €23,421 to €11,463
- Gross operating margin +€11,742
up €11,742 (+83.5%), from €14,067 to €25,809
- Taxes +€5,612
up €5,612 (+224%), from €2,500 to €8,112
- Staff costs -€1,173
no longer reported in 2025 (was €1,173)
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 | €108,100 | €123,172 | +€15,072 | +13.9% |
| Fixed assets | 21/28 | €5,270 | €3,394 | -€1,876 | -35.6% |
| Tangible fixed assets | 22/27 | €5,270 | €3,394 | -€1,876 | -35.6% |
| Plant, machinery and equipment | 23 | €2,621 | €1,461 | -€1,160 | -44.3% |
| Furniture and vehicles | 24 | €2,649 | €1,933 | -€716 | -27.0% |
| Current assets | 29/58 | €102,830 | €119,778 | +€16,948 | +16.5% |
| Amounts receivable within one year | 40/41 | €12,930 | €70,671 | +€57,742 | +447% |
| Trade receivables | 40 | €11,980 | €65,513 | +€53,533 | +447% |
| Other amounts receivable | 41 | €950 | €5,158 | +€4,208 | +443% |
| Cash at bank and in hand | 54/58 | €89,681 | €49,060 | -€40,621 | -45.3% |
| Deferred charges and accrued income | 490/1 | €219 | €46 | -€173 | -78.8% |
| Total equity and liabilities | 10/49 | €108,100 | €123,172 | +€15,072 | +13.9% |
| Equity | 10/15 | €83,141 | €98,013 | +€14,872 | +17.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,141 | €96,013 | +€14,872 | +18.3% |
| Amounts payable | 17/49 | €24,959 | €25,159 | +€200 | +0.8% |
| Amounts payable within one year | 42/48 | €24,959 | €25,159 | +€200 | +0.8% |
| Trade debts | 44 | €1,460 | €13,696 | +€12,236 | +838% |
| Suppliers | 440/4 | €1,460 | €13,696 | +€12,236 | +838% |
| Taxes, remuneration and social security | 45 | €23,421 | €11,463 | -€11,958 | -51.1% |
| Taxes | 450/3 | €23,421 | €11,463 | -€11,958 | -51.1% |
| Other amounts payable | 47/48 | €78 | - | -€78 | |
| Remuneration, social security and pensions | 62 | €1,173 | - | -€1,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,876 | €1,876 | = | 0.0% |
| Other operating charges | 640/8 | €508 | €456 | -€52 | -10.2% |
| Gross operating margin | 9900 | €14,067 | €25,809 | +€11,742 | +83.5% |
| Operating profit (loss) | 9901 | €10,510 | €23,477 | +€12,967 | +123% |
| Financial income | 75/76B | €55 | €87 | +€32 | +57.7% |
| Recurring financial income | 75 | €55 | €87 | +€32 | +57.7% |
| Financial charges | 65/66B | €512 | €580 | +€68 | +13.2% |
| Recurring financial charges | 65 | €512 | €580 | +€68 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €10,053 | €22,984 | +€12,931 | +129% |
| Income taxes | 67/77 | €2,500 | €8,112 | +€5,612 | +224% |
| Profit (loss) for the period | 9904 | €7,553 | €14,872 | +€7,319 | +96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,553 | €14,872 | +€7,319 | +96.9% |
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 17 October 2026 via checked.be.