AC WINDOWS: 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 WINDOWS
Largest movements
- Receivables within one year -€59,226
down €59,226 (-31.9%), from €185,896 to €126,670
of which Trade receivables: -€58,884
- Stocks and contracts -€18,949
down €18,949 (-99.3%), from €19,075 to €126
- Deferred charges and accrued income -€14,256
down €14,256 (-58.9%), from €24,188 to €9,932
- Tangible fixed assets +€4,155
up €4,155 (+247%), from €1,680 to €5,835
of which Other tangible fixed assets: +€4,711
- Cash -€2,699
down €2,699 (-29.9%), from €9,039 to €6,340
mainly Advances received (-€361,557) and Net result for the year (-€63,472)
- Advances received -€361,557
down €361,557 (-89.2%), from €405,552 to €43,995
- Other debts +€344,183
up €344,183 (+52.6%), from €654,257 to €998,440
- Profit (loss) carried forward -€63,472
down €63,472 (-6.0%), from -€1.1m to -€1.1m
- Trade debts -€20,122
down €20,122 (-16.7%), from €120,532 to €100,410
- Tax, wage and social debts +€11,532
up €11,532 (+31.3%), from €36,888 to €48,420
of which Taxes: +€7,811
- Gross operating margin +€44,539
up €44,539 (+44.0%), from €101,192 to €145,732
- Staff costs +€3,258
up €3,258 (+1.7%), from €193,407 to €196,665
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 | €239,879 | €148,903 | -€90,975 | -37.9% |
| Fixed assets | 21/28 | €1,680 | €5,835 | +€4,155 | +247% |
| Tangible fixed assets | 22/27 | €1,680 | €5,835 | +€4,155 | +247% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,679 | €1,124 | -€555 | -33.1% |
| Other tangible fixed assets | 26 | €0 | €4,711 | +€4,711 | +961,365% |
| Current assets | 29/58 | €238,199 | €143,068 | -€95,131 | -39.9% |
| Stocks and contracts in progress | 3 | €19,075 | €126 | -€18,949 | -99.3% |
| Contracts in progress | 37 | €19,075 | €126 | -€18,949 | -99.3% |
| Amounts receivable within one year | 40/41 | €185,896 | €126,670 | -€59,226 | -31.9% |
| Trade receivables | 40 | €185,554 | €126,670 | -€58,884 | -31.7% |
| Other amounts receivable | 41 | €342 | €0 | -€342 | -100% |
| Cash at bank and in hand | 54/58 | €9,039 | €6,340 | -€2,699 | -29.9% |
| Deferred charges and accrued income | 490/1 | €24,188 | €9,932 | -€14,256 | -58.9% |
| Total equity and liabilities | 10/49 | €239,879 | €148,903 | -€90,975 | -37.9% |
| Equity | 10/15 | -€995,827 | -€1,059,299 | -€63,472 | -6.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,057,327 | -€1,120,799 | -€63,472 | -6.0% |
| Amounts payable | 17/49 | €1,235,705 | €1,208,202 | -€27,503 | -2.2% |
| Amounts payable within one year | 42/48 | €1,235,275 | €1,208,202 | -€27,072 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €18,045 | €16,937 | -€1,109 | -6.1% |
| Trade debts | 44 | €120,532 | €100,410 | -€20,122 | -16.7% |
| Suppliers | 440/4 | €120,532 | €100,410 | -€20,122 | -16.7% |
| Advances received on contracts in progress | 46 | €405,552 | €43,995 | -€361,557 | -89.2% |
| Taxes, remuneration and social security | 45 | €36,888 | €48,420 | +€11,532 | +31.3% |
| Taxes | 450/3 | €8,930 | €16,740 | +€7,811 | +87.5% |
| Remuneration and social security | 454/9 | €27,958 | €31,680 | +€3,722 | +13.3% |
| Other amounts payable | 47/48 | €654,257 | €998,440 | +€344,183 | +52.6% |
| Accrued charges and deferred income | 492/3 | €430 | €0 | -€430 | -100% |
| Remuneration, social security and pensions | 62 | €193,407 | €196,665 | +€3,258 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,294 | €886 | -€1,407 | -61.4% |
| Other operating charges | 640/8 | €571 | €1,191 | +€620 | +108% |
| Non-recurring operating charges | 66A | - | €3,731 | +€3,731 | |
| Gross operating margin | 9900 | €101,192 | €145,732 | +€44,539 | +44.0% |
| Operating profit (loss) | 9901 | -€95,080 | -€56,742 | +€38,338 | +40.3% |
| Financial income | 75/76B | €836 | €0 | -€836 | -100% |
| Recurring financial income | 75 | €836 | €0 | -€836 | -100% |
| Financial charges | 65/66B | €7,040 | €6,207 | -€833 | -11.8% |
| Recurring financial charges | 65 | €7,040 | €6,207 | -€833 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€101,284 | -€62,949 | +€38,335 | +37.8% |
| Income taxes | 67/77 | €473 | €523 | +€50 | +10.6% |
| Profit (loss) for the period | 9904 | -€101,757 | -€63,472 | +€38,285 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,757 | -€63,472 | +€38,285 | +37.6% |
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.