AC TRADE: 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 TRADE
Largest movements
- Receivables within one year +€20,404
up €20,404 (+40.7%), from €50,095 to €70,499
of which Trade receivables: +€16,945
- Tangible fixed assets -€10,206
down €10,206 (-17.3%), from €58,858 to €48,652
of which Furniture and vehicles: -€13,147
- Tax, wage and social debts -€18,573
down €18,573 (-77.1%), from €24,078 to €5,505
- Reserves +€12,703
up €12,703 (+40.0%), from €31,740 to €44,443
of which Distributable reserves: +€12,703
- Debts after one year +€12,007
up €12,007 (+13.7%), from €87,890 to €99,898
of which Other amounts payable: +€27,750
- Gross operating margin -€74,136
down €74,136 (-65.2%), from €113,787 to €39,651
- Taxes -€22,534
down €22,534 (-76.2%), from €29,577 to €7,043
- Depreciation +€4,783
up €4,783 (+52.1%), from €9,182 to €13,965
- Financial charges +€1,209
up €1,209 (+28.7%), from €4,218 to €5,427
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 | €263,459 | €276,168 | +€12,709 | +4.8% |
| Fixed assets | 21/28 | €210,013 | €199,807 | -€10,206 | -4.9% |
| Tangible fixed assets | 22/27 | €58,858 | €48,652 | -€10,206 | -17.3% |
| Plant, machinery and equipment | 23 | €130 | €0 | -€130 | -100% |
| Furniture and vehicles | 24 | €56,537 | €43,390 | -€13,147 | -23.3% |
| Other tangible fixed assets | 26 | €2,191 | €5,262 | +€3,071 | +140% |
| Financial fixed assets | 28 | €151,155 | €151,155 | = | 0.0% |
| Current assets | 29/58 | €53,446 | €76,361 | +€22,915 | +42.9% |
| Amounts receivable within one year | 40/41 | €50,095 | €70,499 | +€20,404 | +40.7% |
| Trade receivables | 40 | €50,095 | €67,040 | +€16,945 | +33.8% |
| Other amounts receivable | 41 | €0 | €3,459 | +€3,459 | |
| Cash at bank and in hand | 54/58 | €1,744 | €3,926 | +€2,182 | +125% |
| Deferred charges and accrued income | 490/1 | €1,607 | €1,935 | +€328 | +20.4% |
| Total equity and liabilities | 10/49 | €263,459 | €276,168 | +€12,709 | +4.8% |
| Equity | 10/15 | €131,740 | €144,443 | +€12,703 | +9.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €31,740 | €44,443 | +€12,703 | +40.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €21,740 | €34,443 | +€12,703 | +58.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €131,719 | €131,725 | +€6 | 0.0% |
| Amounts payable after more than one year | 17 | €87,890 | €99,898 | +€12,007 | +13.7% |
| Financial debts | 170/4 | €54,556 | €38,814 | -€15,742 | -28.9% |
| Other amounts payable | 178/9 | €33,334 | €61,084 | +€27,750 | +83.2% |
| Amounts payable within one year | 42/48 | €43,441 | €29,130 | -€14,311 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €15,256 | €15,742 | +€487 | +3.2% |
| Trade debts | 44 | €478 | €2,162 | +€1,684 | +353% |
| Suppliers | 440/4 | €478 | €2,162 | +€1,684 | +353% |
| Taxes, remuneration and social security | 45 | €24,078 | €5,505 | -€18,573 | -77.1% |
| Taxes | 450/3 | €24,078 | €5,505 | -€18,573 | -77.1% |
| Other amounts payable | 47/48 | €3,630 | €5,721 | +€2,091 | +57.6% |
| Accrued charges and deferred income | 492/3 | €387 | €2,697 | +€2,310 | +596% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,182 | €13,965 | +€4,783 | +52.1% |
| Other operating charges | 640/8 | €944 | €513 | -€431 | -45.6% |
| Gross operating margin | 9900 | €113,787 | €39,651 | -€74,136 | -65.2% |
| Operating profit (loss) | 9901 | €103,661 | €25,173 | -€78,488 | -75.7% |
| Financial charges | 65/66B | €4,218 | €5,427 | +€1,209 | +28.7% |
| Recurring financial charges | 65 | €4,218 | €5,427 | +€1,209 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €99,443 | €19,746 | -€79,698 | -80.1% |
| Income taxes | 67/77 | €29,577 | €7,043 | -€22,534 | -76.2% |
| Profit (loss) for the period | 9904 | €69,866 | €12,703 | -€57,163 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,866 | €12,703 | -€57,163 | -81.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.